Swiss Markets Review
The Swiss Markets brand was established in 2016 and makes up part of BDSwiss Holding PLC that was originally founded in 2012. Swiss Markets was formed with the idea of providing its trading clients access to STP or Straight Through Processing order execution in a secure, reliable and transparent manner.
Swiss Markets is headquartered in Cyprus and operates as a Cyrpus Investment Firm under CySEC oversight with incorporation no. HE300153. This means Swiss Markets needs to comply both with relevant local laws and with European regulations that include the MiFID (Markets in Financial Instruments European Directive). The firm is also required to adhere to the European Union’s Law 144(1)/2007, also known as the Investment Services and Activities and Regulated Markets Law of 2007. Swiss Markets is regulated by CySEC under license number 199/13.
Regulation and Safety of Funds
We use a number of methods for comparing how trustworthy the various brokers are, but our number one criterion is whether or not they are regulated. Regulation provides third-party oversight to ensure that the broker is not engaging in unwarranted practices that might unfairly disadvantage its customers or conflict with their interests.
Swiss Markets is governed by the Cyprus Securities and Exchange Commission (CySEC), the official financial regulatory body of the Cypriot government, under license number 199/13. CySEC’s mission is to exercise effective supervision to ensure investor protection and the healthy development of the securities market. It should be noted that as member of the European Union, Cyprus complies with European MiFID harmonization laws, which means that Swiss Markets client’s funds are guaranteed through a deposit protection mechanism. In the unlikely scenario that Swiss Markets suffers bankruptcy, customer’s deposits are legally covered for amounts up to €20,000 per real account.
Additionally, Swiss Markets acts as a true STP Straight-through processing (STP) broker, enabling the entire trade process for capital market and payment transactions to be conducted electronically. In this way, the broker manages to eliminate any conflict of interest between the company and its clients. Swiss Markets traders’ funds are held in segregated accounts that are kept completely separate from the company’s working capital.
Registering with Swiss Markets is a quick and easy process. It only takes a few minutes to register and once you fund your account, you will be able to start placing your first trades almost immediately. Occasionally, Swiss Markets may offer unlimited demo accounts upon request. Demo accounts allow users to experiment with forex trading without burdening any financial risk. This means that you don’t have to make a deposit or risk any of your own funds when using the demo account, you are instead given a virtual amount of money so you can learn the ropes of trading with Swiss Markets. This also lets you try some trading strategies so you have the time to create your own personalized strategy for whenever you are ready to start investing your own capital.
This account lets you learn how to use the trading platform and enables you to get accustomed to all the features and options of the dashboard. Note however that in the demo account, you can trade; but, your positions do not constitute real trades.
Swiss Markets provides several platforms all of which are extremely intuitive and user friendly. The company uses an advanced interface which enables traders to trade with ease.
Desktop ApplicationSwiss Markets integrates its services with the well-reputed MetaTrader4 platform, enabling their clients to benefit from a clean interface and light speed execution. Once you register with Swiss Markets you are able to download the MT4 application from your account’s dashboard, in just a few minutes. Seasoned traders are also able to take advantage of a great number of indicators featured on the metatrader. The MT4 is also fully customizable to the needs of the individual trader and offers other advantages including a daily account overview, free analysis instruments and a great number of advanced analytical tools.
Swiss Markets also offers a WebTrader option, for clients who might need to log in from different devices. This platform includes all of the functions of the MT4 but it is easily accessible on any tablet or laptop.
Swiss Markets enables its users to download and trade on mobile applications for both Android and iOS phones. The mobile trader allows you to place your trades anywhere, anytime, as long as your phone is connected to the internet. You no longer have to restrict yourself in a dark, dumb office space! Traders may run and check several positions at once while on the go!