Sway Markets — where it wins, where it loses
Sway Markets does not currently take a column outright against this field. It loses on tier-1 cover, published spread, lapsed licence on file. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where Sway Markets takes the field outright.
Loses on
- tier-1 cover
- published spread
- lapsed licence on file
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| None (unregistered; CFTC RED List entry) | Saint Vincent and the Grenadines | Tier 3 | Sway Markets | cftc.gov | |
| ASIC (company register — proposed deregistration notice) | Australia | Tier 1no longer active | Sway Markets Pty Ltd (ACN 663 928 158) | publishednotices.asic.gov.au |
Checkable
Facts the comparison runs on
On the record
- The CFTC added Sway Markets (swaymarkets.com, origin Saint Vincent and the Grenadines) to its Registration Deficient (RED) List on 29 May 2025 (https://www.cftc.gov/REDlist/node/255436).
- ASIC published a proposed deregistration notice for Sway Markets Pty Ltd (ACN 663 928 158).
- Trade press reported in 2025 that Sway Markets suspended its brokerage operations while its prop-trading arm Sway Funded continued.
- Saint Vincent and the Grenadines FSA does not regulate forex or CFD trading, so an SVG registration is not a trading licence.
| Trading since | not verified |
|---|---|
| Base | not verified |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | MT4, MT5 |
| Account tiers | |
| Record confidence | low |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- founding year
- headquarters
- current operating status
- minimum deposit
- maximum leverage
- EUR/USD spread
- account types
- segregated funds
- negative balance protection
Costs less
Who beats Sway Markets on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.