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Top Swiss Forex Brokers - FINMA Authorised

Steven Hatzakis

Published by Steven Hatzakis


Tuesday, May 22nd, 2018

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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 - StandardMinimum Initial DepositTrust ScoreOverall
IG Yes 0.75£250.0097 5 Stars
Saxo Bank Yes 0.90$2,000.0094 5 Stars
Swissquote Yes N/A€500.0091 4 Stars
Dukascopy Yes 0.92$100.0086 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 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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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

IG - 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.