Best Swiss Forex Brokers for 2023
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
Trading forex (currencies) in Switzerland is popular among residents. Before any fx brokers can operate in Switzerland, they must become authorised by the Swiss Financial Market Supervisory Authority (FINMA), which is the national regulatory authority. FINMA's website is finma.ch.

FINMA was established in 2009 from three of Switzerland's predecessor regulatory institutions including the Swiss Federal Banking Commission (SFBC), the Federal Office of Private Insurance (FOPI) and the Anti-Money Laundering Control Authority (AMLCO). For a historical breakdown, here is a link to FINMA's webpage on Wikipedia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best Swiss Forex Brokers
To find the best forex brokers in Switzerland, we created a list of all FINMA authorised brokers, then ranked brokers by their Overall ranking.
Here is our list of the top Swiss forex brokers:
-
IG
- Saxo Bank - Best web-based trading platform
- Swissquote - Trusted broker, best banking services
- FlowBank - Large investment product offering
Swiss Forex Brokers Comparison
Compare Swiss authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.
Company | Accepts CH Residents | Regulated by FINMA | Average Spread EUR/USD - Standard | Minimum Deposit | Overall Rating | Visit Site |
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0.86 | £250.00 |
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Visit Site
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0.9 | €2,000 |
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N/A | $1000 |
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N/A | $0.00 |
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1.0 | $100 |
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Visit Site
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1.07 | $0 |
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0.92 | $100 |
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1.38 | Starts from $50 |
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0.8 | €100 |
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0.65 | $20 |
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1.6 | $5 |
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0.77 | $200 |
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0.8 | $100 |
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1.2 | $100 AUD |
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0.62 | $200 |
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0.51 | $100 |
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0.827 | $0 |
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1.2 | $0 |
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0.6 | $100 |
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N/A | EUR 10 |
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1.0 | $100 |
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0.6 | $0 |
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1.27 | $50 |
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N/A | $50 |
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1.2 | $50 |
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0.9 | $100 |
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How to Verify FINMA Authorisation
To identify if a forex broker is regulated by FINMA, the first step is to identify the name of the entity from the disclosure text on the broker's Swiss homepage. For example, here's the key disclosure text from Swissquote's website.
Swissquote Bank Ltd holds a banking license issued by its supervisory authority the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association."
Next, look up the firm on the list of supervised institutions listed on FINMA's website to validate the firm's current regulatory status. Here is the official FINMA page for Swissquote Bank Ltd.
Article Resources
FINMA Website , FINMA Wikipedia FINMA Registration Example
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2023 Review Methodology
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
Read our full explanation and accounting of our research and testing process to learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.