Brokers  /  Switch Markets

Switch Markets

Severe risk
🇦🇺 Australia · 5-10 years · since 2020-11-23 · Switch Markets Pty Ltd
Unregulated
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75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • Withdrawal complaints in ~30% 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 & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints4212%
Offshore registration108%
Transparency (site/info/social)2510%
Real-user sentiment508%

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 nameSwitch Markets Pty Ltd
Headquarters🇦🇺 Australia
Founded2020-11-23
Years operating5-10 years
Employees0
Official websiteswitchmarkets.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods16 · Neteller, VISA, MASTER, Skrill
Withdrawal methods16 · VISA, Neteller, Skrill, MASTER
InstrumentsCurrency PairsIndices CFDsShares & ETFS CFDDigital CurrenciesCommodities
Registered address
Suite 126, 117 Old Pittwater road, Brookvale, NSW 2100, Australia

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
Pro1:1000$50from 0.0$3.5
Standard1:1000$50from 1.4$0

Review analysis AI

Across 10 recent Trustpilot reviews, 20% are 1–2 star. The single most common complaint is being unable to withdraw funds (3 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Malaysia4
Denmark1
Italy1
Israel1
Turkey1
Peru1

Real user reviews

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About Switch Markets

Switch Markets is a forex and CFD broker based in Australia, with records dating to 2020-11-23. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

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