Swiss Markets is a foreign exchange broker that was registered in Mauritius on December 1, 2016. It primarily provides financial trading services to investors in forex, metals, energy, indices, and more. The company is headquartered in Ebene, Mauritius. Swiss Markets' official website offers services in multiple languages, including Thai, Vietnamese, Russian, Indonesian, Italian, Korean, Spanish, Simplified Chinese, Malay, Hungarian, Portuguese, Polish, German, English, Czech, and Arabic.
Company Background and Regulatory Status:
Swiss Markets is registered in Mauritius under the entity BDS MARKETS, with a company registration address at 6th Floor, Tower 1, Nexteracom Building, Ebene, Mauritius, and a company registration number of C143350. The board members of this entity include DIRECTORS: ANTONIADES CHARIS, INDER ARSHAAD, MALKUS JAN ERIC, RAMRUTTAN BHEEM; MANAGEMENT COMPANY: Amicorp (Mauritius) Limited; SECRETARY: Amicorp (Mauritius) Limited. According to information from a Whois query, the broker's website domain was registered on January 21, 2002.
BDS MARKETS is authorized and regulated by the Financial Services Commission (FSC) of Mauritius, with authorization granted on December 6, 2016, and license number C116016172.
Swiss Markets is also registered in Seychelles under the entity BDS LTD, with a company registration number of C8424660. This entity is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD047, and the approved domain is https://www.global.bdswiss.com.
Account Opening:
To open an account with Swiss Markets, you would typically need to register on their official website and log in. However, it appears that the registration link cannot be accessed, and account registration is currently unavailable.
Account Types:
Swiss Markets offers users two different types of trading accounts: the STP Classic Account and the STP Raw Account. Both account types use EUR, USD, and GBP as the base currencies. The maximum open/pending orders per client for both account types is 200 positions, with a minimum trade volume of 0.01 lots and a maximum trade volume of 50 lots. Hedging is allowed, and Islamic accounts are provided. The minimum deposit amount is $200. For forex contracts, 1 lot is equal to 100,000 units (for precious metals and stock contracts, 1 lot is equal to 100 units, and for index contracts, 1 lot is equal to 1 unit).
Differences between the account types:
STP Classic Account offers a maximum forex trading leverage of 1:500 (1:100 for precious metals, stocks, and indices), forex spreads as low as 0.9 pips (XAU/USD spreads as low as 22 pips, USOIL spreads as low as 55 pips, fixed spreads for indices), and no trading commission (a $2 commission per lot for index trading).
STP Raw Account offers a maximum forex trading leverage of 1:200 (1:100 for precious metals, stocks, and indices), forex spreads as low as 0 pips (XAU/USD spreads as low as 18 pips, USOIL spreads as low as 35 pips, fixed spreads for indices), and an $11 commission per lot for forex trading ($5 commission per lot for precious metals and stock trading, $2 commission per lot for index trading).
Trading Platform:
Swiss Markets provides users with the MT4 trading platform, available on various clients, including Windows, Mac, iOS, Android, and the web. The entity responsible for providing servers is BDS Swiss Markets Global Services Ltd.
Deposits and Withdrawals:
Swiss Markets supports various deposit methods, including Visa, Mastercard, Maestro, Postepay, Giro Pay, Sofort, EPS, iDeal, Przelewy24, Skrill, Neteller, and bank wire transfers. Withdrawals can be made using Visa, Mastercard, Skrill, Neteller, and bank wire transfers, among other methods.
Customer Support:
Swiss Markets offers customer support through phone at +44 (20) 36709704 (in English), +49 3021446981 (in German), +34 (91) 0756974 (in Spanish), +357 25262934 (in Greek), and via email at support@swissmarkets.com and complaint@swissmarkets.com. Users can also use the online contact form on their website to reach out for customer support.
Summary:
As of now, this broker is marked as "operating normally" on Traderknows.
