When you make a deposit into your trading accounts, the commission is always 0%. That’s right, we cover all fees.
The average processing time is
1 min 02 sec
At Switch Markets we believe all traders are entitled to a hassle-free experience when it comes to your funds.
After all, it is your money, you should be able to handle it with ease. Deposit your money instantly using our wide range of options.
| Payment System | Fees | Currencies | Processing Time |
|---|---|---|---|
|
no charge | EUR, GBP, NZD, USD | Within our nearest working day |
|
no charge | EUR, GBP, NZD, USD | Within our nearest working day |
| Bank Wire | no charge* | EUR, GBP, USD | Within 3-5 business days |
| Digital Currencies | 0.8%** | ADA, BCH, Binance Pay, BTC, Dash, ETH, LTC, USDT (ERC20, TRC20, BEP20), XRP, ZEC | Within our nearest working day |
|
no charge | CAD, EUR, GBP, USD | Almost instant once processed |
|
no charge | CAD, EUR, GBP, USD | Almost instant once processed |
|
no charge*** | IDR, USD | Almost instant once processed |
|
no charge | VND | Almost instant once processed |
|
no charge | EUR, USD | Almost instant once processed |
|
no charge | IDR, VND, THB, MYR | Within our nearest working day |
|
no charge | CNY | Within our nearest working day |
|
no charge | CAD | Within 3-4 business days |
****
|
no charge | PHP | Almost instant once processed |
|
no charge | IDR, MYR, VND | Almost instant once processed |
* Switch Markets covers all deposit fees on BMO and Zenith Bank wires, plus up to $30 (or base currency equivalent) of any intermediary fees on deposits over $500
** Minimum Initial Deposit: Equivalent to $50 or base currency. Maximum Deposit: No limitations. Currency Conversion Fee: Applicable upon conversion to a single currency.
*** Switch Markets covers all deposit fees on FasaPay deposits over $1000 (or base currency equivalent).
**** Including Online Banking & OTC, Gcash, Paymaya/Maya, Grab Pay
PayTrust88 Deposit Fees: Switch Markets covers all deposit fees on deposits over $1,000 (or base currency equivalent).
Region Restriction: Neteller is not available to EU residents.
We take care of all the fees related to payment service providers (PSPs). However, it’s important to understand that fees charged by the client’s bank or credit card provider, as well as currency conversion fees and network fees when using Crypto are beyond our control and will not be covered by us.
We enable our clients to deposit funds in 14+ currencies including USD, AUD, GBP, EUR & CAD.
$50*
Minimum Deposit
$50*
Minimum Deposit
$50*
Minimum Deposit
$50*
Minimum Deposit
$50*
Minimum Deposit
$50*
Minimum Deposit
Safety is on top of our list when it comes to dealing with money. Deposit your money with a complete peace of mind today
Explore the benefits and extras you can get if you open an account with Switch Markets.
Explore the benefits and extras you can get if you open an account with Switch Markets.
Open an account in 4 simple steps…
Fill in the questionnaire to complete your profile
Upload your documents for verification purposes
You’re ready to deposit and start trading!
All the funds we receive from our clients are securely held in segregated funds accounts with tier one banks. All is done in accordance with the Rules and Regulations of the jurisdiction the clients chose to open an account with.
Unfortunately, you can't. The funds must be deposited from an account / credit card in the same name as your Switch Markets trading account. We do not accept third party payments; in such instances, the funding fees apply.
In the case of a joint account, we accept funding using one account / credit card pertaining to one or both of the approved parties on the joint trading account.
Yes, Switch Markets covers all the fees (on deposits using credit & debit cards and eWallets), but when it comes to bank wires, Switch Markets covers all deposit fees on BMO and Zenith Bank wires, plus up to $30 (or base currency equivalent) of any intermediary fees on deposits over $500.
There might be unforeseen circumstances that might prolong the deposit time from what is stated under each deposit option.
Currency conversion may apply to unavailable currecies.
Our payment service providers accept certain currencies, but in some instances, there are currencies they can’t accept without charging you conversion fee. You can find the list of available currencies in the Available Currencies column under each payment method.
If a client is deemed to be abusing or inappropriately depositing (e.g. making several deposits without any further trading), Switch Markets then has the right to charge the client any transaction fees incurred with deposits and withdrawals, without providing notice.
