How does Switch Markets' platform work?

https://www.switchmarkets.com/

Dear Investor,

Regarding Switch Markets, we recommend that you contact their customer support directly for the most accurate information about their trading platform.

Our previous investigation indicated that Switch Markets operated as an Authorized Representative (AR) of Royal Financial Trading Pty Ltd under Australian Securities and Investments Commission (ASIC). However, ASIC now shows that this AR appointment has a status of “ceased”, raising serious concerns about the platform’s current regulatory standing.

Switch Markets now claims to remain part of the corporate group under Royal CM Ltd, which reportedly holds licenses from the Vanuatu Financial Services Commission (VFSC) and the Cyprus Securities and Exchange Commission (CySEC). While these principal licenses do appear valid, neither VFSC nor CySEC lists Switch Markets or its operating entity as a formally authorized subsidiary or brand under those licenses. Moreover, Switch Markets itself is not directly registered as a regulated or authorized entity with either authority.

Due to this lack of verifiable linkage, we cannot confirm the legitimacy of its current regulatory claims. This creates a significant risk that Switch Markets may be operating without proper oversight.

Therefore, we strongly advise you to exercise extreme caution when considering any engagement with Switch Markets, as it may effectively be unregulated. Thorough due diligence is essential before depositing any funds.