Best Swiss Forex Brokers for 2023

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.

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	check	check	0.86 (September 2022)	£250.00		Visit Site
Saxo Bank	check	check	0.9 (September 2022)	€2,000
Interactive Brokers	check	check	0.6 (Aug 2022)	$0
Swissquote	check	check	N/A	$1000
FlowBank	check	check	N/A	$0.00
FOREX.com	check		1.0 (July 2022)	$100		Visit Site
XTB	check		1.07 (Q3 2022)	$0
AvaTrade	check		0.91 (Aug 2020)	$100
FXCM	check		1.38 (Q2 2022)	Starts from $50
Plus500	check		0.6 (as of Aug 2018)	€100
Capital.com	check		0.6 (July 2021)	$20
XM Group	check		1.6 (Aug 2020)	$5
Pepperstone	check		0.77 (September 2022)	$200
Admiral Markets	check		0.8 (July 2021)	$100
FP Markets	check		1.2 (August 2022)	$100 AUD
IC Markets	check		0.62 (August 2022)	$200
Tickmill	check		0.51 (August 2022)	$100
BlackBull Markets	check		0.827 (August 2022)	$0
HFM	check		1.2 (August 2021)	$5
HYCM (Henyep)	check		0.6 (Sept 2021)	$100
Vantage	check		1.22 (August 2021)	$50
Eightcap	check		1.0 (Aug 2022)	$100
Trade Nation	check		0.6	$0
Moneta Markets	check		1.27 (September 2022)	$50
ACY Securities	check		1.2 (Sept 2021)	$50
easyMarkets	check		0.9 (as of Mar 2020)	$100

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 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 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 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.