Swiss Markets Review

Swiss Markets was founded in 2016. It is a relatively new broker, which has proven to be a reliable platform. The broker offers traders access to STP order execution in a secure platform. The broker has its headquarters in Cyprus, where FSC regulates it. Traders using the platform enjoy the protection provided by FSC regulations.

Swiss Markets Account Types

Traders using Swiss Markets have access to four account types. These are the Classic STP Account, RAW STP SWISS11 Account, RAW STP SWISS8 Account, and RAW STP SWISS5 Account.

• Classic STP

This is the entry-level account, which comes with a minimum deposit amount of $200. Commissions are variable depending on the base currency. Spreads can go as low as 0.9 pips on the EUR/USD fx pair. Traders have access to leverage of as high as 1:500 with this account. Maximum open positions or pending orders are set at 200 positions per fx pair with a maximum limit of 50 lots per order ticket.

• RAW STP SWISS11

The minimum deposit amount for this account is $200. It has similar conditions to the Class STP account except for the commission, which is charged at up to $11 per transaction, depending on the base currency. Spreads can go as low as 0 pips for the EUR/USD fx pair and maximum leverage is set at 1:200.

• RAW STP SWISS8

The account comes with a minimum deposit amount of $2000. The maximum commission is set at $8 per transaction and the maximum leverage is set at 1:200. Spreads can go as low as 0 pips on the EUR/USD fx pair.

• RAW STP SWISS 5

The RAW STP SWISS5 is the premium account in the Swiss Markets. It comes with a minimum deposit limit of $10,000 and leverage is set at a maximum of 1:200. The commission is charged at a maximum of $5 per trade and spreads can go as low as 0 pips on the EUR/USD fx pair.

Tradable Assets

Traders have access to forex, indices, metals, energies, and equities. The fx pairs include 18 major, 19 minor, and 40 exotic pairs. Commodities trading covers things such as coffee, cocoa, cotton, sugar, and orange juice. Energies covered include Natural gas, US oil, and Brent Crude. For Metals, traders get access to gold, platinum, palladium, silver, and copper. Traders also have access to the 23 stock indices, including SPX500, GBR100, and JPX225.

Deposits and Withdrawals

The minimum deposit amount is set at $200 on Swiss Markets. Traders can make deposits via a wide array of options including Visa, Maestro, and MasterCard credit cards, giropay, SOFORT, postpay, EPS, Skrill, Neteller, and Przelewy24. Additionally, users can make deposits using bank wire transfers. All deposit options send funds to the account within 24 hours, except bank wire transfers, which can take up to four days to process.

Withdrawals are usually completed within 24 hours and there is no fee charged. To make a withdrawal, users have to submit documentation. After verification, funds will be reflected in the account from which they originated.

Customer Support

Customer support can be contacted via phone, email, and live chat. Phone support works for users in Germany, Switzerland, Poland, Spain, Russia, Hungary, the UK, and the Czech Republic. For UK users, customer support can be reached via Fax too.

Summary

Swiss Markets is a top-notch forex broker that offers great customer protection. Besides the four live trading accounts, traders also have access to a demo account and a signup bonus of commission-free trades for the first 14 days. In general, it is a great platform for new and experienced traders.