Sway Markets Review
907
Review
Fast Facts
FSA (SVG)
Account types
| ECN Account | No Commission Account | VIP Account | Islamic Account | |
|---|---|---|---|---|
| Minimum Deposit | 10 USD | 100'000 USD | 10 USD | |
| Maximum Leverage | 1:500 | |||
| Spread from (pips) | ||||
| Commission per lot (USD) | ||||
| Minimum Trade Size | ||||
| Step | ||||
| Execution Type | ||||
| Trading Instruments | Crypto, Stocks, Indices, Metals, Commodities, Forex | Crypto, Indices, Metals, Forex | Crypto, Stocks, Indices, Metals, Commodities, Forex | |
| Margin Call | ||||
| Stop out | ||||
| Swap Free | ||||
| Currency | USD | |||
Deposits / Withdrawals
- Deposit Methods: Tether, Bitcoin
- Withdrawal Methods: Bitcoin
- Account Currencies: USD
Contact Info and Support
Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines, P.O. Box 2897
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | April 2026 | 0 |
| May 2026 | 0 | |
| June 2026 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - |
About Sway Markets
Sway Markets operated under two corporate entities: Sway Markets Pty Ltd (ABN 16 663 928 158), holding ASIC Authorised Representative number 001300469 under the Australian Financial Services Licence of Pulse Markets Pty Ltd (AFSL 468270), restricted to wholesale clients only (wholesale defined as those with A$250,000 annual income or A$2.5 million net assets) (). The Saint Vincent and the Grenadines entity (registration number 1661) is registered with SVG FSA, which does not regulate retail forex or CFD brokers ().
Account offerings included ECN, No Commission, VIP, and Islamic Accounts, all denominated in USD with minimum deposits of 10 USD (100,000 USD for VIP), maximum leverage up to 1:500, available instruments spanning cryptocurrencies, stocks/equities, indices, precious metals, commodities, and forex/currencies. Trading was conducted via MetaTrader 5 (MT5), with Islamic (swap-free) support, and both hedging and scalping allowed; Expert Advisors (EAs) were not supported; no negative balance protection (NBP) was offered ().
Retail brokerage operations ceased (shutdown) on February 7, 2025. The ASIC representative registration has been deregistered, and the SVG‑based retail operation carried no regulatory retail protection (). As a result, retail clients had no recourse under any compensation fund or regulatory authority following the cessation.
Who it’s for
- Wholesale clients meeting the ASIC threshold (A$250,000 income or A$2.5 million net assets) seeking high leverage (up to 1:500) instruments access via MT5.
- Traders requiring swap‑free Islamic accounts.
- Clients capable of managing risks without regulatory protections, given absence of retail safeguards.
Pros and cons
Pros
- Multiple account types including Islamic option with swap‑free trading.
- Diverse asset classes: forex, stocks, commodities, indices, metals, cryptocurrencies.
- High leverage (up to 1:500) available via MT5.
Cons
- No retail client protection: ASIC cover was wholesale‑only; SVG entity lacked oversight.
- Operations ceased February 7, 2025; ASIC registration deregistered.
- No Expert Advisors support; negative balance protection absent.
