Sway Markets Review: Is Sway Markets legit?


Is Sway Markets a scam or a legit broker? The article provides a detailed Sway Markets review, covering licenses, minimum deposit, withdrawal and leverage.

What is Sway Markets?

Sway Markets is a forex broker that was registered and established in Australia on November 18, 2022. The company primarily provides trading services for various financial assets, including forex, stocks, commodities, futures, and indices. Based in Australia, Sway Markets offers users access to the MT5 trading software along with their proprietary Sway Charts trading software. The broker offers multiple account types, including four real accounts: ECN, NO COMMISSION, VIP, and ISLAMIC, all with a leverage ratio of 1:500.

Is Sway Markets legit or a scam? Does Sway Markets have any regulatory licenses?

Sway Markets Pty Ltd claims to be regulated by the Australian Securities and Investments Commission (ASIC) and holds a license to conduct financial services business. Traderknows has investigated the regulatory information for this broker.

Sway Markets官网监管介绍

Sway Markets Pty Ltd is the corporate authorized representative for Pulse Markets Pty Ltd and MGF CAPITAL PTY LTD, holding the CAR license number 001300469. The broker has obtained the license by purchasing it from these two companies, but there is no other affiliation between them. Additionally, MGF CAPITAL PTY LTD has issued authorization licenses to several brokers, including Sway Markets Pty Ltd. It's important to note that this entity is not an over-the-counter (OTC) derivatives product issuer, so it does not act as a market maker in such products or engage in trading with clients. And its authorization is limited to providing financial services to wholesale clients.

Sway Markets的CAR牌照查询

Sway Markets的授权-1

Sway Markets的授权-2

The Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) does not regulate, monitor, enforce, or license business companies (BCs) engaged in forex trading or brokerage activities. The regulatory responsibilities of this authority are restricted to ensuring compliance with the obligations specified in the Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines in 2009. Therefore, Sway Markets is not regulated by any financial authority.

Sway Markets

Sway Markets Registration Details:

Sway Markets is officially registered as Sway Markets Pty Ltd in Australia, with an Australian Business Number (ABN) of 16 663 928 158. The registered address is in MIAMI QLD 4220. Additionally, there is a separate entity registered in Saint Vincent and the Grenadines, also named Sway Markets Pty Ltd, established on February 8, 2023. The registration address for this entity is Euro House, Richmond Hill Road, Kingstown, P.O. Box 2897, with an enterprise registration number of 1661. Traderknows found that Sway Markets' official domain was registered on April 19, 2021, and it has been active for approximately two years.

Sway Markets

Sway Markets的域名年限查询

Trading Products Provided by Sway Markets

Sway Markets offers a diverse range of market instruments, covering various trading categories such as forex, stocks, commodities, futures, and indices. Here is a brief overview of each trading instruments:

  1. Forex: As one of the largest and most active financial markets globally, the forex market provides opportunities to trade different currency pairs. Investors can engage in transactions involving the currencies of different countries, capitalizing on exchange rate fluctuations for trading and investment purposes.
  2. Stocks: The broker supports stock trading, enabling investors to buy and sell shares of various companies. Stock trading provides opportunities to participate in the performance and development of individual companies.
  3. Commodities: Investors can trade commodities such as gold, silver, oil, and other bulk goods. These commodities are often influenced by global supply and demand dynamics and economic factors.
  4. Futures: The futures market offers contracts for future delivery at a specified time. This includes various commodities, financial instruments, and indices. Futures trading can be used for hedging risks or speculative purposes.
  5. Indices: Investors can participate in the trading of various stock indices, such as the S&P 500, Dow Jones Industrial Average, and others. Index trading provides exposure to the overall market or the performance of specific industries.
Sway Markets的交易品种

Trading Software Provided by Sway Markets

Sway Markets provides users with the MT5 trading software as well as their proprietary trading software Sway Charts. The MT5 trading platform is accessible through web, desktop, Android, and iOS versions. This platform offers a variety of trading tools and indicators to assist traders in making informed decisions. Sway Markets Pty Ltd provides servers for users to facilitate their trading activities.

Sway Markets

Sway Markets also offers a proprietary trading platform, Sway Charts, which is available in versions compatible with iOS, Android, Windows, Mac, and Web Trader. Sway Charts covers a diverse range of trading options, including over 55 forex currency pairs, stocks, indices, commodities, oil, gold, silver, futures, bitcoin, and other cryptocurrencies. The multi-platform support of Sway Charts enhances its flexibility, catering to the diverse trading needs of a wide user base.

Sway Markets的交易软件

Account Types

Sway Markets offers a variety of account types, primarily consisting of four real accounts, and also provides the option to open Islamic accounts. However, the broker does not offer demo accounts. The ECN account is designed to provide users with an excellent all-around trading experience. In the No Commission account, users can enjoy the benefits of zero commission trading without additional fees. The VIP account is tailored for experienced traders, aiming to meet their pursuit of an exceptional trading experience. The Islamic account does not incur swap fees, catering to the needs of Islamic traders. Below are the details of Sway Markets' account types:


  • Leverage up to 1:500
  • Spreads starting from 0.0 pips
  • Trade various assets, including currencies, cryptocurrencies, metals, indices, stocks, and commodities
  • $7.00 commission per lot traded
  • Negative balance protection supported


  • Leverage up to 1:500
  • Spreads starting from 1.2 pips
  • Trade major, minor, and exotic currency pairs
  • Commission per lot traded starting from $0
  • Negative balance protection supported


  • Leverage up to 1:500
  • Spreads starting from 0.0 pips
  • Trade currencies, cryptocurrencies, precious metals, and indices
  • Commission per lot traded starting from $3.5
  • Minimum deposit $100,000
  • Negative balance protection supported


  • Leverage up to 1:500
  • Spreads starting from 0.0 pips
  • Trade currencies, cryptocurrencies, precious metals, indices, stocks, and commodities
  • $7.00 commission per lot traded
  • No Swap fees
  • Negative balance protection supported
Sway Markets的账户类型

How to Open Sway Markets Account?

The specific steps to open a Sway Markets account are as follows:

  1. Visit the official Sway Markets website.
  2. Locate the registration option and click on it. You will need to provide some basic information such as your name, email address, contact details, etc.
  3. Choose the appropriate account type based on your trading needs and experience.
  4. Deposit the initial funds to start trading.
  5. If you choose to use MetaTrader 5, you will need to download and install MT5.
Sway Markets的注册步骤

What Is the Leverage of Sway Markets?

Sway Markets offers four types of real accounts: ECN, NO COMMISSION, VIP, and ISLAMIC, with a leverage ratio of 1:500. Specifically, if you open an account with Sway Markets and choose a leverage of 1:500, it means that for every 1 unit of your own capital, you can borrow 500 units of capital to trade. This allows your trading size to be magnified by 500 times the amount of your account funds. While the use of leverage can amplify trading profits, it also simultaneously increases the potential risk of losses.

Sway Markets

Risk Warning: Leveraged products such as forex carry a high level of risk and may not be suitable for all traders. Before commencing trading, it is crucial to fully understand the potential risks, carefully consider your investment objectives and experience level, and seek independent advice if necessary.

Withdrawal and Deposit

Depositing and Withdrawing with Skrill on Sway Markets involves the following steps:


  1. Log in to your personal Sway Markets account.
  2. Navigate to the deposit option.
  3. Choose Skrill as the deposit method.
  4. Enter the amount and currency you want to deposit.
  5. Click "Confirm" to verify the amount, then select "Continue."
  6. The page will redirect to the Skrill dashboard, where users can complete the transaction.
  7. Ensure your Skrill account has sufficient balance to complete the transaction.


  1. Log in to your personal Sway Markets account.
  2. Go to "Accounts" and scroll down to the investment accounts section.
  3. Click on the "Investment" tab and locate the "Current Earnings" section.
  4. Near the "Current Earnings" section, click on the three vertical dots to display options.
  5. Choose the third option, "Withdraw Investment."
  6. After clicking the "Withdraw" option, the system will prompt the user to select a partial or full withdrawal.
  7. Enter the withdrawal amount and click "Withdraw."
  8. Once the investment withdrawal is successful, funds will be deposited into the user's wallet.

After completing the transaction, the status on the customer interface will change from "Pending Funds" to "Approved." Ensure that the verification is completed, and there is a sufficient balance in the account before performing any deposit or withdrawal operations.


What is the minimum deposit for Sway Markets?

Sway Markets requires a minimum deposit of $10, and the minimum cost per trading unit (Lot) is 0.01. The platform features 37 stock options, supports trading with 55 different currencies, and offers 18 cryptocurrency trading options. Furthermore, Sway Markets provides a maximum leverage ratio of 1:500, allowing investors the opportunity to amplify their trading positions.

Sway Markets的最低存款

Pros and Cons of Sway Markets


  1. Innovative Trading Platform
  2. Wide Range of Trading Pairs
  3. Instant Trade Execution and Low Spreads
  4. Multiple Account Types, including No Commission and Islamic Accounts
  5. 24/7 Customer Support
  6. Competitive Low Commissions


  1. Unregulated Platform
  2. Lack of Transparency in Information
  3. Limited Service Area
  4. High-Risk Leveraged Products
  5. Service Restricted to Wholesale Clients

Contact Information

Investors can contact Sway Markets through various methods such as: email, phone and online services.


Sway Markets is a forex broker engaging in illegal financial activities by providing false regulatory information. The broker has not disclosed any critical information regarding user fund security. Sway Markets lacks legitimate qualifications to offer financial services to retail clients, and there are doubts about the accuracy of its registration information. Currently, Sway Markets is marked as "Suspected Fraud" on Traderknows. We warn investors that Sway Markets is a highly risky forex trading platform, and it is advisable to stay away from this platform to avoid potential financial losses.

Sway Markets(英)



Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End


Contract for Difference (CFD)

Contract for Difference (CFD) refers to a financial derivative in which investors and counterparties engage in speculative or hedging transactions by exchanging the price difference of a commodity. Importantly, this occurs without the need to physically own or trade the underlying asset.


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