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Best Swiss Forex Brokers for 2023

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

January 11, 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.

Swiss Financial Market Supervisory Authority (FINMA) logo

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
    - Best overall broker, most trusted
  • Saxo Bank - Best web-based trading platform
  • Interactive Brokers - Great overall, best for professionals
  • 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 Initial Deposit Overall Rating Visit Site
IG logoIG check check 0.86 (September 2022) £250.00 5/5 Stars Visit Site
Saxo Bank logoSaxo Bank check check 0.9 (September 2022) €2,000 5/5 Stars
Interactive Brokers logoInteractive Brokers check check 0.6 (Aug 2022) $0 5/5 Stars
Swissquote logoSwissquote check check N/A $1000 4.5/5 Stars
FlowBank logoFlowBank check check N/A $0.00 4/5 Stars
FOREX.com logoFOREX.com check 1.0 (July 2022) $100 5/5 Stars Visit Site
XTB logoXTB check 1.07 (Q3 2022) $0 5/5 Stars
AvaTrade logoAvaTrade check 0.91 (Aug 2020) $100 4.5/5 Stars
FXCM logoFXCM check 1.38 (Q2 2022) Starts from $50 4.5/5 Stars
Plus500 logoPlus500 check 0.6 (as of Aug 2018) €100 4.5/5 Stars
Capital.com logoCapital.com check 0.6 (July 2021) $20 4.5/5 Stars
XM Group logoXM Group check 1.6 (Aug 2020) $5 4.5/5 Stars
Pepperstone logoPepperstone check 0.77 (September 2022) $200 4.5/5 Stars
Admiral Markets logoAdmiral Markets check 0.8 (July 2021) $100 4.5/5 Stars
FP Markets logoFP Markets check 1.2 (August 2022) $100 AUD 4.5/5 Stars
IC Markets logoIC Markets check 0.62 (August 2022) $200 4.5/5 Stars
Tickmill logoTickmill check 0.51 (August 2022) $100 4/5 Stars
BlackBull Markets logoBlackBull Markets check 0.827 (August 2022) $0 4/5 Stars
HFM logoHFM check 1.2 (August 2021) $5 4/5 Stars
HYCM (Henyep) logoHYCM (Henyep) check 0.6 (Sept 2021) $100 4/5 Stars
Vantage logoVantage check 1.22 (August 2021) $50 4/5 Stars
Eightcap logoEightcap check 1.0 (Aug 2022) $100 4/5 Stars
Trade Nation logoTrade Nation check 0.6 $0 4/5 Stars
Moneta Markets logoMoneta Markets check 1.27 (September 2022) $50 4/5 Stars
ACY Securities logoACY Securities check 1.2 (Sept 2021) $50 4/5 Stars
easyMarkets logoeasyMarkets check 0.9 (as of Mar 2020) $100 4/5 Stars

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.

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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.

About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).


John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.


Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.


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