SwissMarketfx Review

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SwissMarketfx Review
General Information
Broker Name:SwissMarketfx
Broker Type:Forex & CFDs
Country:St. Vincent & the Grenadines
Regulation:MiFID II
Address:First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines.
Customer Service
Phone:/
Email:support@swissmarketfx.com
Languages:English, Czech, Polish, Slovak
Availability:24/7
Trading
Trading Platforms:proprietary
Trading platform Time zone:
UTC+2
Demo account:

Yes
Mobile trading:

Yes
Web-based trading:

Yes
Bonuses:
N/A
Other trading instruments:Forex, Stocks, Cryptocurrency, Commodities
Education:

Yes
Account
Minimum deposit ($):
$250
Maximal leverage:1:1 up to 400:1
Spread:
Variable or floating for Mini, Advanced, and Executive; Fixed for Prime and VIP
Scalping allowed:

No

Your Honest Broker Review 2021: Is SwissMarketfx a Safe Broker?

General Info

Hundreds of new brokerages appear on the Forex market every day, and it is getting more and more difficult to distinguish which one is a scammer and which one is real. For beginners, it isn’t easy to guess if their company is trustworthy or not. However, some key features are differentiating the scammers and the honest ones. Our professional reviews will underline these crucial aspects, evaluate their offered service, and help decide whether it is worth working with the company or not.

So, in this review, we will talk about a brand-new brokerage, SwissMarketfx.

General Info

 

About the Company

SwissMarketfx has recently been established. Generally, it is an online trading provider of forex and CFDs trading. The broker is registered in St. Vincent & the Grenadines. As we already mentioned, the company has just appeared on the market. However, it already opens broader opportunities for traders with any background.

In our SwissMarketfx review, we will underline the broker’s most essential services to evaluate its overall performance and worth.

First, we noticed SwissMarketfx had built a highly appealing website with a lot of sufficient information.

Their easy-to-use interface gives you a chance to test and understand the basics without too much commitment, like paying money and opening an account.

The company also provides educational resources which are widely approved and needed for beginner traders.

The visual side is essential, but the basic features and service quality are what all the traders seek. So now, we will follow their platform, describe each component in detail and give you a professional and objective evaluation.

 

Is the Broker Regulated?

Dozens of trust issues are dependent on the answer to this question. Being a regulated broker means the company is registered under the financial regulatory body of their country. Moreover, regulated brokers need to regularly submit evidence of regular audits, their accounts on time. The regulatory body controls the broker’s movements, their financial system, meaning that regulated brokers can not possibly scam the trader and steal their money.

However, unregulated brokers do not need to submit any of these. Their transactions or actions are not controlled, which raises questions amongst traders. Getting the regulation is a long-term, hardly-claimed privilege, and most of the newly opened brokerages can not get it straight away. However, the SwissMarketfx broker has managed to gain trust from MiFID II.

MiFID II stands for Financial Instruments Market Directive. In fact, it has been adopted by the European Parliament and the Council and was entered into force on January 3, 2018. It oversees the financial instruments market that provides investment services and activities within the European Union and Europe. The main goals of MiFID II are to coordinate the management of financial markets, improve efficiency, enhance financial transparency, increase competition, and also provide better consumer protection in investment services.

Thus, SwissMarketfx fully complies with the applicable requirements of MiFID II, which guarantees its reliability and security.

 

Funds’ Safety with SwissMarketfx

How are your funds secured with the broker? Most traders realize the high risks of trading. The more brokers appear on the market, the more they go bankrupt. So, how can we determine that a company’s failure won’t sacrifice our funds? Well, for this issue, regulated and reliable brokers provide a segregated bank account service. This means that the company’s funds and your personal funds are 100% separated from each other. So, even after the broker’s bankruptcy, your money will stay safe in the segregated account. In fact, SwissMarketf also provides that service. Therefore, your funds will remain safe with them.

Besides, all the trading accounts on SwissMarketfx supports high-tier SSL encryption. This means that all the data collected on your account is 100% protected and secured from any third-party involvement.

 

Trading Platform

On SwissMarketfx.com, we couldn’t identify the trading platform they operate with, meaning that the broker has developed its own web-based proprietary trading platform. Thus, opening a free demo account will help you understand how the platform works.

SwissMarketfx’s trading platform supports customizable spreads, a user-friendly interface and tools, educational database and community advice, risk management, portfolio making, and also continuous planning assistance. With such broad opportunities, the company tries to appeal to all kinds of traders’ needs, starting from beginner and ending with pro.

Thus, you can easily find the most suitable account type, spreads, customizations for you.

Trading Platform

Demo Account

Opening a free demo account will help you test the trading platform for free without putting the money into the platform you might have never used before.

According to SwissMarketfx.com, their free demo account supports some comprehensive services. Even though it is free, all features are available, regardless of the device you are using. Furthermore, the trading platform on a demo account is highly intuitive, and trading tools are built-in. You can easily customize controls and outlook. You are also eligible to use market analysis assistance, install on any browser and use one-click trading options.

Demo Account

Mobile Trading

SwissMarketfx also provides mobile trading. Whether you are an Android user or an iOS user, you can install the appropriate software and start trading anytime, anywhere.

Mobile trading supports trading On-the-Go innovation. Moreover, the mobile-based platform comes with mobile compatibility updates and complete portable device optimization.

In fact, you will be able to access your trading account on all devices and be safe.

Spreads

Swiss Markets can provide customers with extremely low spreads for most asset classes. For example, the average spread of EUR/USD starts at 0.2 pips-although this is only indicative, the final spread provided varies by asset class and is affected by liquidity.

Customers can trade as small as 0.1 lots to meet the needs of novice and intermediate traders. For those who wish to trade on margin, there is still a lot of leverage.

Mobile Trading

 

Trading Products

We mentioned that the SwissMarketfx broker is a foreign exchange and CFD broker. On top of that, SwissMarketfx also supports several other digital assets for trading. They are foreign exchange, cryptocurrency, stocks, indices, and commodities.

Trading Products

Forex

  • Top-tier FX spreads and also lower rates for active traders
  • Higher fill-rates
  • Fewer premature stop-outs
  • Significant price improvements
  • Integrated trade signals
  • Innovative risk management assistance
  • Full execution statistics transparency

Cryptocurrency

  • Bitcoin, Ethereum, and also thousands of altcoins available to trade
  • Portfolio creation and also management
  • Algorithmic trading
  • Advanced crypto-trading strategies
  • Enhanced investment management
  • Blockchain-based trading solutions
  • Enhanced HODLing
  • Risk management and investment security

Stocks

  • Competitive stock commissions
  • 30+ stock exchanges available
  • Single-stock and Index CFDs
  • Biggest market movers tracking and smart trade signals
  • 50+ stock trading tools available
  • Stock portfolio creation and development
  • Trading diversity and also trading plan development

Commodities

  • Competitive pricing
  • Top-tier risk management innovations
  • Trading flexibility
  • CFDs, Futures, Options, and also Spot metals approach
  • Single commodity, commodity sector, and sub-sectors tracking
  • Trading diversity implementation
  • Long-term trading planning

 

Trading Accounts

On SwissMarketfx.com, there are several account types with different functions. However, we cannot determine the price of the account because the website does not explain it. Therefore, we will show you the account types and what offers they have:

Generally speaking, these are basic trading account types: bronze, gold, platinum, and diamonds.

Below, we will point out their services:

Trading Accounts

Bronze:

  • 24/7 live support: Yes
  • Free VPS Service: No
  • Online Financial Course: Yes
  • 1X1 Training: Yes
  • E-Book: No
  • Webinar: No
  • Analyst Manager: No
  • FX Majors & Minors: Yes
  • Metals: Yes
  • Energies: Yes
  • World Indices: Yes
  • Agricultures: No

Gold:

  • 24/7 live support: Yes
  • Free VPS Service: No
  • Online Financial Course: Yes
  • 1X1 Training: Yes
  • E-Book: Yes
  • Webinar: No
  • Analyst Manager: No
  • FX Majors & Minors: Yes
  • Metals: Yes
  • Energies: Yes
  • World Indices: Yes
  • Agricultures: Yes

Platinum:

  • 24/7 live support: Yes
  • Free VPS Service: No
  • Online Financial Course: Yes
  • 1X1 Training: Yes
  • E-Book: Yes
  • Webinar: Yes
  • Analyst Manager: Yes
  • FX Majors & Minors: Yes
  • Metals: Yes
  • Energies: Yes
  • World Indices: Yes
  • Agricultures: Yes

Diamond:

  • 24/7 live support: Yes
  • Free VPS Service: Yes
  • Online Financial Course: Yes
  • 1X1 Training: Yes
  • E-Book: Yes
  • Webinar: Yes
  • Analyst Manager: Yes
  • FX Majors & Minors: Yes
  • Metals: Yes
  • Energies: Yes
  • World Indices: Yes
  • Agricultures: Yes

 

Payment & Refund Methods

SwissMarketfx’s refund policy stipulates that the money will be refunded in the same currency to the same account or credit card where the funds were initially deposited from.

However, please note that if the customer does not provide the company with bank account information to refund by wire transfer, the company can cancel the refund application within five working days.

In addition, refund requests may incur some fees. Moreover, the company may charge commissions for deposits in trading accounts and return them to customers, including applicable wire transfer fees.

Please note that each wire transfer transaction fee is 25-50 euros, deducted from the wire transfer funds.

Traders should submit a refund application through the company website.

Finally, there is no mention of withdrawal methods on the website, but you can always contact their customer service if you have any questions about the payment system.

 

Customer Support Service

The customer service of SwissMarketfx works 24/7, which is a huge advantage as most of the brokerages operate only 24/5. Furthermore, the broker supports four different languages: English, Czech, Polish, and Slovak.

Furthermore, SwissMarketfx is located on the first floor of the first St. Vincent Bank Ltd building on James Street, Kingston, St. Vincent, and the Grenadines.

You can contact them via their email address: support@swissmarketfx.com

In addition, you can fill in the message box on their website and leave a question. You need to write down your name, surname, email address, and subject of the question. So, after leaving a message, you will receive a reply through email within a few minutes.

 

Summary

In this SwissMarketfx review, we tried to show all the essential details that every broker needs to qualify. With these features, they stand out, earn trust and success for themselves and their customers.

We believe that SwissMarketfx is a reputable and trustworthy company with an easy-to-use website and platform.

Despite its age, SwissMarketfx has established a very reliable program that can compete with many other brokers.

Furthermore, in terms of customer trust and safety, Swiss Markets also keeps everything upright. This is absolutely in line with their original goal of maintaining transparency and client safety.

In addition, since they gained MiFID II within the European Union, this means that users of the platform will benefit from local laws and EU-wide financial service directives.

Overall, we consider SwissMarketfx as a safe, transparent, and trustworthy company. So, if the website’s info doesn’t answer all of your questions, feel free to contact their customer service team.

  • Support
  • Platform
  • Spreads
  • Trading Instument

For more news updates, visit our homepage now and see our latest news article. Want to learn more about trading? Visit our education page now and learn for FREE!

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10 Comments

  1. Michael Fischer July 28, 2021
  2. Modest Bocharov July 23, 2021
  3. Sarah Ibragimova July 21, 2021
  4. Paige Henrichon July 16, 2021
  5. Sabrina Bach July 14, 2021
  6. Tikhon Kolesnikov July 9, 2021
  7. Jan Hertz July 7, 2021
  8. Karlotta Ruel July 2, 2021
  9. Nate Catchpole June 30, 2021
  10. Amanda Baker June 24, 2021

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