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.
Best Swiss Forex Brokers List
To find the best forex broker in Switzerland, we created a list of all FINMA authorised brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking from the ForexBrokers.com 2018 Review. The result is our top forex brokers list for Switzerland.
| FINMA Authorised (Switzerland) | Average Spread EUR/USD - Standard | Minimum Initial Deposit | Trust Score | Overall | |
|---|---|---|---|---|---|
| IG | Yes | 0.75 | £100.00 | 97 | |
| Saxo Bank | Yes | 0.90 | $2,000.00 | 94 | |
| Swissquote | Yes | N/A | €500.00 | 91 | |
| Dukascopy | Yes | 0.92 | $100.00 | 86 |
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 licence 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.
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