Switch Markets is a separately marketed CFD brokerage service delivered via an agency relationship: the Australian Switch Markets Pty Ltd services accounts, while Royal CM LTD of Vanuatu is identified as the regulated trading business. Royal CM also sits behind the existing OneRoyal group reference, so this article covers a distinct consumer brand and pricing arrangement—not a new independent counterparty.
Accounts, tiers and trading access
Sections ↑Both live accounts start with a USD 50 minimum. Standard advertises spreads from 1.4 pips without a separate lot commission; Pro advertises raw prices from zero and a USD 3.50 charge per lot. The public fee column does not conclusively label this figure as per-side or round-trip, so no invented two-sided total should be derived.[2][3]
The brand lists leverage up to 1:1000 on forex, which does not imply 1:1000 on index, commodity, share or crypto CFDs. A customer domiciled in Australia does not obtain the ASIC-regulated affiliate’s protections merely because the assisting company is Australian: the disclosed client arrangement sends regulated services to the named Vanuatu company.[2][3]
Accounts, tiers and trading access
| Feature | Terms and scope |
|---|---|
| Standard | Minimum USD 50; FX spread from 1.4 pips; USD 0/lot commissionSource 2Source 3 |
| Pro | Minimum USD 50; spreads from zero, advertised USD 3.50 per lotSource 2Source 3 |
| Commission unit ambiguity | Public comparison does not unambiguously specify per side versus round tripSource 2Source 3 |
| Forex leverage | Up to 1:1000 subject to region and productSource 2Source 3 |
| Account currencies | USD, EUR, AUD, GBP, CAD, NZD, CHF advertisedSource 2Source 3 |
| Trading terminals | MT4, MT5; third-party TradingView bridge advertisedSource 2Source 3 |
| Customer legal relationship | Switch Markets agent/admin; Royal CM LTD Vanuatu trading companySource 2Source 3 |
Markets, instruments and settlement form
Sections ↑Switch lists 65 currency pairs and substantial multi-asset CFD ranges: 1,516 shares and ETFs, 15 indices, 32 commodities and 65 digital currencies in the live-account matrix. These are categories and marketing counts, not an independent audit of symbols activated for every account. The distinction between a single-stock CFD and a share-holding brokerage account should remain explicit.[2]
There are contradictory older versions of instrument counts on adjacent account pages; this profile adopts the direct live-account matrix as the present marketing reference without rewriting the earlier page. FX, indices, energies and crypto have different trading sessions and risk limits, even where they appear in the same MT4/MT5 account.[2]
Markets, instruments and settlement form
| Feature | Terms and scope |
|---|---|
| Forex | 65 advertised currency pairsSource 2 |
| Shares and ETFs | 1,516 advertised CFD-linked symbolsSource 2 |
| Equity-index CFDs | 15 quoted index symbolsSource 2 |
| Commodities | 32 advertised commodities, including metals/energy classSource 2 |
| Digital currencies | 65 advertised markets; usually CFD exposure, not custody of tokensSource 2 |
| Market counting | Website account matrices elsewhere have inconsistent totalsSource 2 |
| Live contracts | Verify tradable symbols, leverage and swaps in active terminalSource 2 |
Full trading and non-trading charges
Sections ↑The accounts display 1.4 and 0.0 pip spread floors respectively, not measured period averages. A hypothetically executed one-standard-lot EUR/USD Standard order at 1.4 pips would imply roughly USD 14 in spread cost if USD 10 per pip applies and no currency conversion is required. Pro needs both a real spread and a confirmed USD 3.50 commission billing basis before a complete round-trip comparison can be made.[2][3]
The broker markets no deposit or withdrawal fee and a swap-free service, but the swap-free language on the live page expressly exempts holding charges for only the first ten days of an eligible position. Afterward charges may apply under the actual terms. Processor charges, conversion costs, abnormal market mark-ups and spread widening remain possible outside marketing floors.[2][3]
Full trading and non-trading charges
| Feature | Terms and scope |
|---|---|
| Standard minimum spread | 1.4 pips, USD 0 commission statedSource 2Source 3 |
| Pro minimum spread | 0.0 pips, USD 3.50 per lot, billing side not settledSource 2Source 3 |
| Standard illustrative FX spread | 1.4 pips × USD 10/pip = USD 14 for 1-lot EUR/USD at the minimumSource 2Source 3 |
| First-ten-day swap-free period | Advertised for eligible Islamic accounts; later holding costs may applySource 2Source 3 |
| Deposits/withdrawals | USD 0 fee claimed by broker; third-party costs separately possibleSource 2Source 3 |
| Overnight charges | Instrument long/short swap schedule; swap-free is eligibility-dependentSource 2Source 3 |
| Non-trading charges | No general fee-free guarantee for FX conversion/payment providersSource 2Source 3 |
Current published FX cost snapshots
This is a dated website snapshot, not a sampled live average. The extracted table leaves the swap cash convention, spread unit and commission charging side incomplete; these figures are not converted into an all-in calculator estimate.[11]
Platforms, orders and execution
Sections ↑Switch Markets offers MT4 and MT5 with support for automated Expert Advisors, and its TradingView bridge is described as converting alerts and PineConnector rules into MT5 trades. A charting alert is not itself a regulated execution venue; confirmation that an order reached the broker’s server, passed margin controls and was filled is required before counting it as a trade.[2][3]
The trading service is legally provided by Royal CM LTD under the agency statement, so execution policies and account issues should be resolved under that relationship rather than the Australian administrative address alone. The published 99.99% VPS availability and extremely low latency are marketing estimates—not independent execution-quality observations for this user.[2][3]
Platforms, orders and execution
| Feature | Terms and scope |
|---|---|
| Platform versions | MetaTrader 4 and MetaTrader 5Source 2Source 3 |
| Third-party signal bridge | TradingView alerts through PineConnector to MT5 claimedSource 2Source 3 |
| EA support | Yes; strategy must run and comply with broker execution rulesSource 2Source 3 |
| Forex leverage ceiling | 1:1000 under relevant product/regionSource 2Source 3 |
| VPS | Free VPS marketed; eligibility/performance SLA requires separate termsSource 2Source 3 |
| Order outages | No documented guaranteed telephone dealing routeSource 2Source 3 |
| Pending/close decisions | Server ticket status and last accepted order controlSource 2Source 3 |
Dynamic margin is layered by instrument, not applied as one account-wide ratio. The following published bands are incremental; larger positions consume more collateral. Shares, ETFs and digital-currency CFDs are excluded from this dynamic schedule.[7]
FX-major exposure bands
Gold, palladium and platinum bands
Silver exposure bands
Cash-index exposure bands
Deposits, withdrawals and money movement
Sections ↑Switch’s cash-out page gives incompatible general speed claims: near-instant/same-day marketing, a three-to-five-business-day introduction, and a method-specific table. The table is the useful reference. Times remain provider-dependent, and a request marked processed is not necessarily money received.[6]
Deposit methods and published timing
| Rail | Supported currencies or assets | Timing |
|---|---|---|
| Cards | EUR, USD | Near-instant after processingSource 5 |
| Bank transfer | EUR, USD, GBP, CHF, CAD, PHP | 1–3 business daysSource 5 |
| Crypto | BTC, ETH, USDT | Instant once receivedSource 5 |
| Skrill / Neteller | EUR, USD | Electronic-wallet processingSource 5 |
| Local channels | Examples: PIX BRL, Interac CAD, Dragonpay PHP, NganLuong VND | Provider-specificSource 5 |
Withdrawal settlement schedule
| Method | Currencies | Published time |
|---|---|---|
| Visa / Mastercard | EUR, GBP, USD; Visa NZD, Mastercard CAD | 1–5 business daysSource 6 |
| Bank wire | EUR, GBP, USD | 3–5 business daysSource 6 |
| Crypto | Supported coins/networks | Nearest working daySource 6 |
| Skrill / Neteller | CAD, EUR, GBP, USD | Almost instant once processedSource 6 |
| Interac | CAD | 3–4 business daysSource 6 |
| Dragonpay / Malaysia banks / Kora | PHP / MYR / NGN | 1–3 business daysSource 6 |
Cash-out conditions
Legal entity, safeguards and regulatory status
Sections ↑The legal footer states that Switch Markets Pty Ltd, an Australian company with ACN 640 033 727, is an appointed corporate agent of Royal CM LTD (company 700284), while regulated financial-services activities are conducted exclusively by Royal CM in Vanuatu. The footer also describes ASIC-licensed Royal Financial Trading Pty Ltd as another group business. That Australian authorisation is not transferred automatically to the Switch Vanuatu client account.[3][4]
The relationship with the OneRoyal group is acknowledged rather than counted as an independent regulated company. A comparison of the legal terms, jurisdiction and available redress route belongs beside any marketing statement about company heritage. Neither a service-agent arrangement nor a generic account balance screenshot proves a statutory investor-compensation fund is available to a given foreign customer.[3][4]
Legal entity, safeguards and regulatory status
| Feature | Terms and scope |
|---|---|
| Operating agent | Switch Markets Pty Ltd, Australia, ACN 640 033 727Source 3Source 4 |
| Broker/trading entity | Royal CM LTD, Vanuatu, company number 700284Source 3Source 4 |
| VFSC permission | Company says Royal CM is authorised; independent licence match not retainedSource 3Source 4 |
| ASIC group business | Royal Financial Trading Pty Ltd, AFSL 420268; separate legal entitySource 3Source 4 |
| OneRoyal overlap | Royal CM same group relationship already indexed under OneRoyalSource 3Source 4 |
| Retail protection | Must establish exact Royal CM agreement; ASIC protections cannot be assumedSource 3Source 4 |
| Segregation/insurance | No specific statutory per-client insurance payout verified hereSource 3Source 4 |
Service, complaints and practical support
Sections ↑Account opening and routine maintenance are stated to be administered through Switch Markets’ agency operation; regulated execution and client-account risk are attributed to Royal CM LTD. That split can matter in any complaint, migration, change to terms or withdrawal delay. A client should preserve both the Switch service ticket and the underlying Royal CM statement and transaction identifiers.[4][3][2]
MT4/MT5 logs, TradingView alert logs and the intermediary connector record are three separate sources of evidence, not proof that an order was filled. A chart alert may have fired during a platform outage without a broker acknowledgement. The website does not establish a guaranteed voice-dealing instruction line, so users should obtain an authorised emergency procedure before relying on one.[4][3][2]
Service, complaints and practical support
| Feature | Terms and scope |
|---|---|
| Client help | Switch Markets client portal and official contact formSource 4Source 3Source 2 |
| Trade counterparty | Royal CM LTD, per published agency agreementSource 4Source 3Source 2 |
| TradingView bridge issue | Alert log, connector run, MT5 order ticket and server acceptanceSource 4Source 3Source 2 |
| Banking dispute | Funding ledger, beneficiary details, processor transaction referenceSource 4Source 3Source 2 |
| Withdrawal hold | Confirm AML and margin status with administrator and contracted businessSource 4Source 3Source 2 |
| Statement export | MT4/MT5 history is not a certified tax-return calculationSource 4Source 3Source 2 |
| Contact during outages | Do not assume telephone or email instructions constitute trade executionSource 4Source 3Source 2 |
Special features, promotions and automation
Sections ↑The strongest documented extras are hosting, signal subscriptions and a time-limited swap exemption. They have different activation and cost conditions.[8][10][9]
Free VPS requirements
Published VPS specification
Islamic holding-cost boundary
Signal-copying setup
| Step | Published route |
|---|---|
| Broker account | Open and fund Switch accountSource 10 |
| Signal service | Register with MQL5 communitySource 10 |
| Provider | Choose strategy subscriptionSource 10 |
| Subscription cost | From zero; provider-specificSource 10 |
| Exit treatment | Broker page does not specify automatic closure of existing copied positionsSource 10 |
Company background and regional scope
Sections ↑Switch Markets is an international retail trading brand whose prominent Australian servicing address can easily be misunderstood. Its website states that the current regulated business is Vanuatu company Royal CM LTD, not that Australian clients receive an ASIC account with Switch Markets. The distinction matters for disputes, segregation, leverage limits and any claim about a client compensation regime.[3][4][2]
The brand also explicitly refuses Australian, United States, Cyprus, Kosovo and North Korean residents, among others where the offer would be unlawful. Country-specific Islamic eligibility is a separate list from country acceptance. Distinct branding and a separate editorial profile are warranted by the pricing/menu and trading integration, but the Royal CM/OneRoyal shared group identity must remain disclosed.[3][4][2]
Company background and regional scope
| Feature | Terms and scope |
|---|---|
| Brand | Switch Markets (Switch Markets Pty Ltd administers access)Source 3Source 4Source 2 |
| Executing firm | Royal CM LTD, VanuatuSource 3Source 4Source 2 |
| Group cross-reference | OneRoyal / Royal CM; not a newly discovered independent financial licenceSource 3Source 4Source 2 |
| Accepted customer scope | International excluding Australia, US, Cyprus, Kosovo, North Korea and unlawful marketsSource 3Source 4Source 2 |
| Promotional jurisdiction | Australian administrative office does not grant ASIC client statusSource 3Source 4Source 2 |
| Core markets | Forex plus shares/ETF, index, commodity and digital-asset CFDsSource 3Source 4Source 2 |
| Evidence date | 22 October 2026 site and legal textSource 3Source 4Source 2 |
Published contact routes and original references
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Royal CM LTD
VanuatuSource 3
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Vanuatu Financial Services Commission700284 | Not verified | Checked 22 Oct 2026Switch publishes this as the Vanuatu authorised business conducting regulated trading. An independent matching VFSC source was not retained.Source 3 |
Switch Markets Pty Ltd
AustraliaSource 3
No separate licence entry is recorded in this panel.
Sources & further reading
- International broker website Switch Markets · Accessed 22 Oct 2026
- Live Standard and Pro account conditions Switch Markets · Accessed 22 Oct 2026
- Agency and Vanuatu counterparty disclosure Switch Markets · Accessed 22 Oct 2026
- Group and jurisdictions in client-service footer Switch Markets · Accessed 22 Oct 2026
- Deposit methods and currencies Switch Markets · Accessed 26 Oct 2026
- Withdrawal methods, minimum and fee exceptions Switch Markets · Accessed 26 Oct 2026
- Dynamic margin layers by instrument Switch Markets · Accessed 26 Oct 2026
- Free VPS eligibility and hardware Switch Markets · Accessed 26 Oct 2026
- Islamic account ten-day grace period Switch Markets · Accessed 26 Oct 2026
- MQL5 social-trading route Switch Markets · Accessed 26 Oct 2026
- Current instrument cost table Switch Markets · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.