The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. 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
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.
| Forex Broker | Accepts CH Residents | Regulated by FINMA | Average Spread EUR/USD - Standard | Minimum Deposit | Overall | Visit Site |
|---|---|---|---|---|---|---|
| IG | Yes | Yes | 0.828 | £250.00 | Visit Site | |
| Saxo Bank | Yes | Yes | 0.800 | $2,000.00 | N/A | |
| Interactive Brokers | Yes | Yes | 0.600 | $0 | N/A | |
| Swissquote | Yes | Yes | N/A | $1000.00 | N/A | |
| FOREX.com | Yes | 1.100 | $100.00 | Visit Site | ||
| XTB | Yes | 0.900 | $0.00 | N/A | ||
| eToro | Yes | 1.00 | $10-$200 | N/A | ||
| AvaTrade | Yes | 0.910 | $100.00 | N/A | ||
| Plus500 | Yes | 0.600 | €100 | N/A | ||
| FXCM | Yes | 1.400 | Starts from $50 | N/A | ||
| Admiral Markets | Yes | 0.800 | 100 | N/A | ||
| IC Markets | Yes | 0.620 | $200 | N/A | ||
| Capital.com | Yes | 0.800 | $20.00 | N/A | ||
| XM Group | Yes | 1.600 | $5 | N/A | ||
| Pepperstone | Yes | 0.770 | $200.00 | N/A | ||
| FP Markets | Yes | 1.200 | $100 AUD | N/A | ||
| Tickmill | Yes | 0.270 | $100.00 | N/A | ||
| HYCM | Yes | 0.600 | $100 | N/A | ||
| BDSwiss | Yes | 1.500 | $100-$5000 (depending on account type) | N/A | ||
| HFM (HF Markets) | Yes | 1.200 | $5 | N/A | ||
| Vantage | Yes | 1.220 | $200 | N/A | ||
| Moneta Markets | Yes | 1.220 | $50.00 | N/A | ||
| VT Markets | Yes | 1.200 | $200 | N/A | ||
| Eightcap | Yes | $100 | N/A | |||
| ACY Securities | Yes | 1.200 | $50 | Visit Site | ||
| Trade Nation | Yes | 0.60 | $0 | N/A | ||
| BlackBull Markets | Yes | 0.845 | $200 | N/A | ||
| LegacyFx | Yes | 0.00 | $500 | N/A |
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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Methodology
For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.
Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read more about Trust Score here.
As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. 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.Learn more.
