Swiss Markets

Is Swiss Markets regulated? What are the account types offered by Swiss Markets? What are the spreads, minimum deposit, and maximum leverage? Is Swiss Markets scam or reliable forex broker? You can find account types, spreads, minimum deposit, and leverage in this review!
5.4/10 (Expert Score)
Product is rated as #46 in category Forex Brokers

Swiss Markets was founded in 2016 with the aim to create a competitive environment within which its clients could enjoy secure, transparent and reliable STP trading.

With their goal to become a leading brand in online trading, Swiss Markets have invested in providing a solid and reliable service in which the clients would come first. On top of that, transparency and fair trading are the main governing principles of the broker. Swiss Markets seem to be working tirelessly in order to provide an optimal trading experience for their traders.

The address of BDS Markets is 06th Floor, Nexteracom Building, Ebene, Mauritius

I will give you all the details about the broker in this Swiss Markets review. For example: Is Swiss Markets regulated? What are the account types offered by Swiss Markets? What are the spreads, minimum deposit, and maximum leverage? Is Swiss Markets a scam or reliable forex broker?

5.4Expert Score
Average

I reviewed Swiss Markets based on the following criteria.

TRUST
6
COMMISSIONS AND FEES
5
CUSTOMER SERVICE
5.5
PLATFORM & TOOLS
5.5
PRODUCT PORTFOLIO
5
PROS
  • Regulated by CySEC
  • MT4 supported
  • Spreads are competitive
CONS
  • No choice of trading platforms

Regulation

Regulation of Swiss Markets

As the broker’s said on its website, at Swiss Markets accountability is key to ensuring a strong market reputation. They place a great deal of emphasis on their regulatory responsibilities and aim to go beyond their client’s expectations.

And since it’s already well spread in the forex market how regulations and licenses either make or break any forex broker, as its also well known how vast the forex market is hence a great medium for scams and fraud is provided and so in order to recognize the great and trusted broker from the fraud one, is via regulation.

The broker is regulated, however, in my opinion, it’s not a major regulatory house that has a name for being one of the best, as FSC of Mauritius isn’t known to be the strictest or the harder in terms of rules for obtainment and so its quite easy for any broker to obtain such regulation by just meeting some basic need for the license to be secured.

The broker is a trading name for BDS Markets which is authorized and regulated by the Mauritius Financial Services Commission (the ”FSC”, license no. C116016172). And with that being said, I guess now the question of “is BDSwiss legit?” has been perfectly answered with a confirmed yes.

There is no information on the Swiss Markets website about any details of a compensation scheme in case of any financial issues occurred or any information about extra security to the client’s funds. Even with the regulation in place, I can’t guarantee that the funds are in any way segregated from the broker’s operational own funds. And that’s one of the reasons the broker got to hold an average rate in my list.

Account Types and Spreads

Account Types and Spreads

Two different account types are offered by the broker. In which, each is presenting different trading conditions and terms for trading.

These account types are:

The classic STP Account: where a maximum offered leverage is 1:500 and a spread range of 0.9 pips is offered, no commissions are applied on this account type. EUR, USD, and GBP are the base currencies of the account in addition to having the contract size of 1 lot in terms of 100,000 units. Hedging is allowed with the classic STP account and the minimum deposit to start this account is $200.

The Raw STP- SWISS 11 Account: this account shares the same base currencies as the Classic STP account however, the maximum leverage offered here is 1:200 and the spreads are raw to reach 0.0 pips. A commission is applied of $11. The minimum deposit for the Raw STP account is $200 and options for hedging are provided too.

The option to have both accounts is the Islamic format which is a swap-free account type option where you get to make a request to the broker and based on your Islamic belief you can get to open an Islamic account with any of these accounts. The broker maintains the right to accept or refuse your request.

The minimum trade volume for both accounts is 0.01 of the standard lot. In other words, you can trade with a micro lot as the minimum amount of volume in opening a position. In addition, both the classic STP and the raw STP share the maximum amount of open positions which is 200 positions.

Trading Platforms

Trading Platforms

Swiss Markets offers the most popular trading platform MetaTrader 4 (MT4). The Swiss Markets Forex MT4 platform is packed with a wide array of technical analysis and charting tools to meet the needs of any trader wishing to trade in the financial markets.

Featuring more than 250 assets including forex pairs, metals, energies, indices and equities; the Swiss Markets MT4 platform is available to all Windows users, downloadable directly to your computer in just a few simple steps.

A web trader option is also available where it suits the trades always on the move. Since it doesn’t need to be downloaded not installed any apps on any devices you can simply use any browser to log in to your trading platform and start trading within seconds.

The MT4 platform is available to all Windows and Mac users, it is available for iOS and Android device users too. Also, you can use the web trader without downloading anything on your pc or mobile device.

Trading Instruments

Trading Instruments

Swiss Markets offers different trading instruments and products as the broker is well aware of the importance of these tools to diversify the trader’s accounts they can easily be used for hedging and risk distribution where traders get to rake position in different instruments and so the ability to make a profit on the price movement increase.

Forex: we can’t say a forex broker without the broker absolutely offering different types of forex pairs for their clients to trade and open positions in. The pairs offered when trading forex CFDs with Swiss Markets include majors, minors as well as exotics too. With a maximum leverage of 1:500 and competitive spreads

Metals: Gold and silver both represent a safe haven to traders since they can trade on the epro=ice movement without paying for the possession of the metals. In addition, trading metals prove the ultimate method of hedging and so, in time, it become one of the most preferred tools for trading to forex CFD investors. when you trade metals on the Swiss 11 account type, you’ll incur a commission of $5. Yet, in case trading with the Classic STP account, no commissions are applied on metal transactions.

Energies: USOIL, BRENT and NGAS are examples of the available energies presented for a trade where the margin requirement for oil when trading with any account type is 1% however, the margin requirement for NGAS is 10% for any account type.

Indices: AUS_200, US30, NAS100, GER_30, G BR_100 and more are examples of the tradable indices you will have when trading with Swiss Markets. The margin requirement for all indices is 1% however in the case of US30 and NAS100 it changes to 0.10%.

Equities: Amazon, Apple, Tesla, Alibaba, Facebook and more are all included for a trade where you get a margin requirement of 205 on all available equities and the option to go long and short positions so you can make a profit on the rise and fall of prices.

Customer Support

Customer Support

The website of the Swiss Markets supports various languages including English, German, Italian, Spanish, Russian, Arabic, and more.

You can reach customer services via live chat, WhatsApp, Telegram, and e-mail. You can also give your number for the broker to call you back.

The website is well-designed and provides all the information that you need to know about the broker. You can also find many features in its About Us section.

Payment Methods

Payment Methods

In Swiss Markets, various channels of deposits and withdrawals are offered to clients to suit all different needs and accessibility for the majority of them.

The deposit means include:

  • Visa and MasterCard: with immediate processing time and EUR, USD, GBP, CHF, PLN, DKK, NOK, and SEK as base currencies.
  • Maestrobank cards: uses GBP as the base currency.
  • Postepay: This is regulated by the Bank of Italy and uses EUR, USD, GBP, CHF, PLN, DKK, NOK, and SEK as base currencies.
  • Giropay: regulated by The Central Bank of Germany (Deutsche Bundesbank), with EUR, USD, GBP, CHF, PLN, DKK, NOK, and SEK as usable currencies.
  • Sofort: uses EUR as its acceptable currency and is regulated via The Central Bank of Germany (Deutsche Bundesbank)
  • eps: where EUR is the base currency and is regulated by the Bank of Austria.
  • iDeal: regulated by The Netherlands Central bank, De Nederlandsche Bank (DNB), uses EUR as its acceptable currency
  • Przelewy: Regulated by Polish Financial Supervision Authority and it has PLN as the base currency.
  • Skrill: regulated by FCA, and its acceptable currencies are EUR, USD, GBP, and CHF.
  • Neteller: also regulated by FCA yet only accepts EUR, USD, and GBP as base currencies.
  • Bank wire transfers: EUR, USD, GBP, CHF, PLN, DKK, NOK, and SEK are all accepted, in which may take between 1-4 working days to reach Swiss Markets and are processed immediately once they are received

All the receiving costs that might or might not occur during making a deposit transaction are all covered by Swiss Markets.

Deposits can only be completed if they have been made by the trading account holder. This means that the trading account and the deposit method used must have the same name.

The withdrawals are also taking place through different kinds of means that include:

  1. Visa
  2. MasterCard
  3. Bank wire transfer
  4. Neteller
  5. Skrill

All withdrawal means are processed within 24 hours and all are covered by Swiss Markets. The base currencies used for withdrawals are EUR, USD, GBP, CHF, PLN, DKK, NOK, and SEK. However, bank wire withdrawals can only take place via EUR, USD, GBP, CHF, PLN, and SEK.

Conclusion

Within the information that was delivered via this Swiss Markets review, it’s clear now all the terms and conditions of trading the broker is providing to their clients and even though they’re not the best in the market, they seem to be quite acceptable in a way. Which, in all cases answers our main question “is BDSwiss regulated?”.

The broker is regulated, and even though it’s not one of the biggest names in the financial regulators’ medium, it’s safe to safe that Swiss Markets is trying its best to provide extra safety to the traders and their funds.

Only 2 account types are offered by Swiss Markets which I find to be a bit of a con considering other brokers in the market with more options for choice and more accounts to offer their clients. raw and variable spreads are offered in addition to providing a 1:500 as a maximum leverage for forex pairs trading.

Throughout this Swiss Markets review, I also showed all the trading instruments the broker is offering which seem to be quite sufficient but not the best in comparison to other brokers which go above and beyond to offer every single trading tool there is to their clients.

Deposit and withdrawal methods seem to be just sufficient as providing the main channels of funding. Yet, no means for funding or withdrawal via cryptocurrencies which seem to be taking the financial markets by storm these days and are provided through each and every big name in the forex markets.

However, live chat, WhatsApp, and Telegram options are available and these are very useful for reaching to broker’s customer support.

Valentin Cote

Valentin Cote

I am Valentin Cote, the author and owner of this personal blog. I compare and review forex brokers in my website. I am in the trading industry since 2009 and still learning. I also write useful articles for newbies about forex and investment. I love playing online games and Forex :)

Who Am I?

Hello to everyone. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. So I think I have enough knowledge to compare brokers. You can learn about forex brokers by reviewing my blog.

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