Brokers  /  Swiss Markets

Swiss Markets

High risk
🇲🇺 Mauritius · 5-10 years · since 2018-01-04 · BDS Swiss Markets Global Services Ltd
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Independent ratingshow third parties score this broker
WikiFX1.62/10
Trustpilot1.5/5
Forex Peace Army/5
55
High risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Registered in Mauritius (offshore, light oversight)
  • 4 user exposure/complaint reports filed
  • Withdrawal complaints in ~89% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints9612%
Offshore registration808%
Transparency (site/info/social)2810%
Real-user sentiment908%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameBDS Swiss Markets Global Services Ltd
Headquarters🇲🇺 Mauritius
Founded2018-01-04
Years operating5-10 years
Employees0
Official websiteswissmarkets.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods7 methods
Withdrawal methods3 methods
Instruments--
Registered address
06th Floor, Nexteracom Building, Ebene, Mauritius

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECMarket Making (MM)199/13Cyprus

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
RAW STP - SWISS111:200$200----
CLASSIC STP ACCOUNT1:500$2000.9--

Review analysis AI

The overwhelming signal is negative, with a 1.5/5 Trustpilot rating based on 28 reviews—all one-star. Multiple reviewers accuse Swiss Markets of operating a scam, citing fake signals, partners profiting from client losses, and lying about trade executions. One trader reports their Visa card was blocked after interaction with the broker. These patterns align with FXCanary's Elevated Scam Risk Score of 52, indicating a broker with a high-risk profile and unaddressed customer grievances.

Not for
  • Risk-averse traders
  • Those who prioritise strong regulatory protection
  • Traders seeking transparent and ethical brokerage practices
Period:
What users complain about
Where reviewers are from
Portugal3
🇺🇸 US2
BE1
🇬🇧 GB1
Singapore1
Australia1
Positive vs negative · last 4 months Pos Neg
Aug
Feb
Jul
Apr

Real user reviews

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What Swiss Markets says about itself as stated by the broker · not independently verified by FXCanary

Company Background

According to the company, Swiss Markets is a trade name of BDS Swiss Markets Global Services Ltd, an online forex and CFD broker operational since 2016. The broker states it offers traders access to a variety of asset classes, including Forex, Metals, Energy, Commodities, and Indices.

Regulation

The broker claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 199/13. It asserts that this regulatory oversight ensures compliance with European financial standards and client fund protection.

Account Types

Swiss Markets advertises two primary account types: a RAW STP – SWISS11 account with a minimum deposit of $200 and maximum leverage of 1:200, and a CLASSIC STP ACCOUNT with a $200 minimum deposit and up to 1:500 leverage. Spreads on the classic account start from 0.9 pips, while the raw account is presented as offering very tight raw spreads.

Funding Options

The broker states it supports 7 deposit methods and 3 withdrawal methods, though it does not publicly list the specific providers. A minimum deposit of $200 is required to open either account type.

Trading Approach

Swiss Markets promotes itself as a Straight Through Processing (STP) broker, emphasising direct market access without a dealing desk. It claims this model eliminates conflicts of interest and provides faster, more transparent execution.

About Swiss Markets

Overview

Swiss Markets is the trading name of BDS Swiss Markets Global Services Ltd, a forex and CFD brokerage that began operations in 2016. The company is based in Mauritius, with its registered address at the 06th Floor, Nexteracom Building, Ebene. It operates with a reported staff size of zero employees, which in the brokerage industry can indicate a lean corporate structure or reliance on outsourced services.

The firm positions itself as an STP (Straight Through Processing) broker, claiming to provide direct market access to retail traders. Swiss Markets offers trading in a range of instruments, including forex pairs, metals, energy products, commodities, and stock indices. The broker has drawn a mix of attention, partly due to its regulatory status and the user feedback visible online.

Regulatory Status

Swiss Markets holds a single regulatory licence, issued by the Cyprus Securities and Exchange Commission (CySEC) under number 199/13. CySEC is a respected European regulator, and its oversight typically requires brokers to adhere to strict capital adequacy and client fund segregation rules. Under this licence, Swiss Markets is authorised to provide investment services within the European Economic Area.

However, the company is actually registered in Mauritius, which is a common offshore jurisdiction for forex brokers seeking operational flexibility. The interplay between a CySEC licence and a Mauritian registration can sometimes create ambiguity about which entity is responsible for client protection, especially for non-EU traders. Traders are advised to check which legal entity they are contracting with when opening an account.

Account Types and Trading Conditions

Swiss Markets offers two primary account types, both requiring a minimum deposit of $200. The first is the RAW STP – SWISS11 account, which provides maximum leverage of 1:200 and variable raw spreads (minimum spread not disclosed). The second is the CLASSIC STP ACCOUNT, which allows higher leverage of up to 1:500 and features spreads starting from 0.9 pips. Neither account charges explicit commissions, though the raw account likely embeds costs in the spread.

The relatively low minimum deposit and high leverage options are designed to attract both novice and aggressive traders. The classic account, with its defined spread minimum, targets traders who prefer some pricing predictability, whereas the raw account is aimed at high-volume or scalping strategies where every fraction of a pip matters.

Trading Instruments and Platforms

The broker claims to offer a selection of tradable instruments, including forex, metals, energy, commodities, and indices. However, a comprehensive list of available symbols is not publicly disclosed in its standard materials, which may be a drawback for traders needing to plan specific strategies. In terms of trading platforms, Swiss Markets does not openly advertise a proprietary solution; industry practice suggests it likely supports MetaTrader 4 or MetaTrader 5, but this cannot be confirmed from the broker’s current public-facing information.

Potential clients are encouraged to contact the broker directly or download its platform to verify the exact range of instruments and the trading environment before committing funds.

Funding Methods and Withdrawal Policies

Swiss Markets states it supports 7 different deposit methods and 3 withdrawal methods. The specific options are not listed in the easily accessible documentation, but available methods typically include bank wire, credit/debit cards, and various e-wallets. The minimum deposit across all accounts is set at $200.

Withdrawal procedures and any associated fees are not detailed in advance, which could lead to unexpected delays or charges. Transparency in funding and withdrawal policies is a critical factor for trader confidence, and the lack of upfront details may be a concern.

Who Swiss Markets Aims to Serve

With its CySEC licence and STP model, Swiss Markets appears to target traders who value a regulated European framework coupled with direct market execution. The low entry barrier and high leverage suggest an appeal to retail traders seeking to maximise market exposure with limited capital. However, the broker’s offshore registration and very slight online presence (zero employees reported) may give pause to those who prioritise a robust physical establishment and a long track record.

In summary, Swiss Markets presents itself as a hybrid: a CySEC-regulated brand domiciled in Mauritius, offering simple STP account types. The basic features could suit straightforward forex and CFD trading, but traders must do deeper due diligence on the actual execution quality and withdrawal reliability before engaging.

Overview compiled by FXCanary from regulatory records and public data. full Swiss Markets review