ASICAustraliaTier 1Licence number
001283063
View licence record- Licence holder
- Held by Switch Markets
Not checkedUpdated
At a glance
Regulation on record for Switch Markets
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
Switch Markets has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Switch Markets, strongest authority first.
1 record
- ASICAustraliaTier 1
Protection
What this licence protects
ASIC's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Negative balance protection
- Complaints routeAFCA
- Maximum leverage1:28
Frequently Asked Questions
Questions about the licences held by Switch Markets
Answered from the register entries on this page.
Most Popular Questions
Switch Markets prohibits clients from the USA, North Korea, Iran, and other sanctioned countries. The broker primarily serves clients in Australia, Asia-Pacific, and some global locations.
Switch Markets offers a maximum leverage of up to 500:1. This high leverage level allows traders to control larger positions with a smaller amount of capital.
The minimum deposit amount at Switch Markets is 50 USD. This applies across various funding methods including credit cards, bank transfers, e-wallets, and cryptocurrencies.
Switch Markets supports deposits and withdrawals via Visa, MasterCard, bank wire transfers, e-wallets like Neteller and Skrill, cryptocurrencies, and local payment methods. Deposits generally process instantly or within a few business days, and withdrawals must be made using the same method as deposits to comply with anti-money laundering policies.
Switch Markets provides access to MetaTrader 4 and MetaTrader 5 platforms. Both platforms support desktop use and offer advanced charting, automated trading, and multi-asset trading capabilities for Forex, stocks, and futures.
Switch Markets is regulated by the Australia Securities & Investment Commission (ASIC), a tier 1 global regulator. The broker operates under strict fund segregation rules but does not have mandatory client fund insurance. ASIC regulation ensures a high level of transparency and complaint mechanisms through AFCA.
Switch Markets has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Switch Markets holds licence records issued by ASIC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by Switch Markets comes from tier-1 or tier-2 authorities (1 tier-1, 0 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by Switch Markets has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Switch Markets has licence records in Australia. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.