Thinking of getting into business with SwissMarketFX? Here is what you must know about this broker. Carefully read this review to find out if is the trading platform you will want to trade with.

About SwissMarketFX Broker

SwissMarketFX is an offshore brokerage company with a lot of promises for traders. The broker’s address shows — First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines. 

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The broker claims to offer 24/7 live support, 1X1 training, swift trading management, market analysis assistant, and one-click trading options.

There are different account types SwissMarketFX offers. See below.

In spite the trading instruments SwissMarketFX claims to offer, forex traders must know they are dealing with an unknown broker which does not have a regulation over its head. Reasons to Avoid This Broker

Firstly, is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because SVGFSA is known for not regulating or monitoring forex brokers. As a result of this, it exposes forex traders to scam brokers.

Secondly, we noticed on that it has a demo account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk.

These are cons for forex traders to avoid losing money with this broker. 

Withdrawal and Deposit

Withdrawal process

Under the withdrawal policy, SwissMarketsFX presents the following information. See below.

Also, the broker’s charges fee for an inactive account is shown below.

Minimum Deposit

SwissMarketFX provides a recommended minimum deposit as $250.

As for the payment methods, we can make payment via Debit/ Credit card and Wire transfer. However, you should not consider making any payment with this broker because it is a risk. So beware!

SwissMarketFX Platform

SwissMarketFX offers web based trading software and not MT4 or MT5 (Industry standard trading platform) which gives us more reason not to take the broker serious.

As for the leverage, it can get up to 1: 200. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

SwissMarketFX Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.

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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage


Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage


Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage

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Conclusion: Is a Reliable Broker? does not seem like a reliable broker for traders even though it promises offers that look good to be true.

More so, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to review forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

By Dan

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