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6 Best Forex Brokers in Switzerland

Edited by: Louis Schoeman

Best Forex Brokers in Switzerland

 

The 6 Best Forex Brokers in Switzerland – Rated and Reviewed. We have listed the Top Forex Brokers accepting traders in Switzerland.

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Switzerland – a List
  • Top MT4/MT5 Forex Brokers in Europe
  • Swiss Forex Trading Apps for Beginners
  • Is Forex Trading Legal in Switzerland?
  • Which Brokers do Swedish Traders follow on Instagram?

 

and much, MUCH more!

 

Best Forex Brokers in Switzerland

 

6 Best Forex Brokers in Switzerland – A Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Swiss Traders💶 Min. Deposit (CHF)
🥇 Saxo Bank👉 Click Here✅YesNone
🥈 IC Markets👉 Click Here✅Yes181,39
🥉 Moneta Markets👉 Click Here✅Yes45,35
🏅 Pepperstone👉 Click Here✅Yes119,40
🎖️ CMC Markets👉 Click Here✅YesNone
🥇 Tickmill👉 Click Here✅Yes90,70

 

6 Best Forex Brokers in Switzerland (2024)

 

  1. ☑️ Saxo Bank – Overall, the Best Forex Broker in Switzerland
  2. ☑️ IC Markets – Top Forex Broker followed on Instagram
  3. ☑️ Moneta Markets – Best MT4/MT5 Forex Broker
  4. ☑️ Pepperstone – Popular Forex Broker for Active Traders
  5. ☑️ CMC Markets – Best Overall Offering
  6. ☑️ Tickmill – Best Mobile Trading Experience

 

Saxo Bank Review

 

Saxo Bank

Saxo Bank is a highly regulated Danish investment bank that specializes in Online Forex Trading and Investments. Moreover, Saxo Bank (Switzerland) Ltd. is regulated by the Swiss Financial Market Supervisory Authority FINMA. The Classic, Platinum, and, VIP accounts are integrated with the SaxoTraderGO and SaxoTraderPRO trading platforms.

The following trading instruments and products are available:

 

  • 185 Forex spot pairs and 140 futures
  • over 8,800 instruments
  • approximately 23,500 equities
  • Various commodities
  • 250 futures contracts
  • 45 FX vanilla options
  • Over 3,200 listed options

 

Furthermore, more than 7,000 exchange-traded funds from over 30 exchanges are available.

 

🔎 Broker🥇 Saxo Bank
📌 Year Founded1992
👤 Amount of staffApproximately 2,000
👥 Amount of active tradersOver 800,000
📍 Publicly Traded✅Yes
Regulation and SecurityVery High
🛡️ RegulationFSA
FCA
📈 Account Segregation✅Yes
📉 Negative balance protection✅Yes
📊 Investor Protection Schemes✅Yes
💹 Account Types and FeaturesSaxoTraderGO, SaxoTraderPRO
🅰️ Institutional AccountsAvailable
🅱️ Managed AccountsAvailable
💴 Minor account currencies✅Yes
💶 Minimum DepositVaries by account type
and region
⏰ Avg. deposit processing timeTypically 1-2
business days
⏱️ Avg. Withdrawal processing timeTypically 1-2
business days
💵 Fund Withdrawal FeeNo standard fee,
may vary depending
on method
💷 Spreads from0.4 pips (varies by
instrument and
market conditions)
💳 CommissionsVariable, depending
on account type and
trading volume
💸 Number of base currenciesOver 40
💲 Swap FeesVaries depending on
account type and
instrument
▶️ LeverageUp to 1:200 (varies
by asset class
and jurisdiction)
⏹️ Margin requirementsVaries by asset class
☪️ Islamic accountAvailable
🆓 Demo Account✅Yes
⌚ Order Execution TimeTypically milliseconds
to seconds
🖥️ VPS HostingAvailable
📊 CFDs Total OfferedThousands
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📈 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit cards,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit cards,
e-wallets
💻 Trading PlatformsSaxoTraderGO,
SaxoTraderPRO
🖱️ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex trading toolsAdvanced charting,
research tools, trading
signals
🥰 Customer SupportVery Responsive
🗯️ Live chat✅Yes
💌 Support EmailVaries by Region
☎️ Support ContactVaries by Region
🐦 Social mediaFacebook,
Twitter,
LinkedIn
🔖 LanguagesMultiple languages
including English,
Danish, German,
etc.
🏷️ Forex course✅Yes
✏️ Webinars✅Yes
📔 Educational ResourcesYes (includes
articles, videos,
and courses)
🫰🏻 Affiliate program✅Yes
🫶 Amount of partnersNumerous
🤝 IB Program✅Yes
🌟 Sponsor notable events/teamsVarious
💰 Rebate program✅Yes
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
♒ Suited to Active Traders✅Yes
💡 Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

 

✅ Pros❌ Cons
Instructional resources High Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

The Benefits of Trading with Saxo include Excellent Educational Materials and dedicated Customer Support.

 

IC Markets Review

 

IC Markets

IC Markets is a renowned Forex and CFD Provider best suited to Active day traders and Scalpers. ASIC, CySEC, FSA, and, the SCB regulate it. Furthermore, additional safety measures include Negative Balance Protection, the Segregation of Client Funds, and, an insurance policy.

Accounts offered are cTrader, Raw Spread, Standard, and, Demo. In addition, The minimum deposit is 200 USD. Moreover, trusted trading platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.The following trading instruments and products are available:

 

  • 64 currency pairings for trading
  • 22 commodities
  • 25 indices
  • 11 distinct bond instruments
  • 18 cryptocurrency alternatives
  • 1,600 stocks

 

Moreover, four futures contracts are available. In addition, deposit and withdrawal Options include Bank Wire Transfer, Skrill, and, Neteller.

 

🔎 Broker🥇 IC Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

The benefits of trading with IC MArkets include a multi-lingual website, spreads from 0.0 Pips, and a leverage of up to 1:500.

 

Moneta Markets Review

 

Moneta Markets

Moneta Markets is a trusted Forex Broker with a Global reach. The FSCA, FSA Seychelles, CIMA, and, ASIC regulate it. Moreover, additional security measures include SSL encryption, two-factor authentication (2FA), and, Client fund segregation.

Account types offered are Direct STP, Prime ECN, and, Ultra ECN. Base currencies include AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, and, HKD – with a minimum deposit of 50 USD. Additionally, Spreads start from 0.0 Pips, with a leverage of up to 1:1000.

Trading Platforms available are PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and CopyTrader. The following trading instruments and products are available:

 

 

Moreover, 30 Crypto CFDs are available.

 

🔎 Broker🥇 Moneta Markets
📈 Established Year2019
📉 Regulation and LicensesFSCA, FSA Seychelles, CIMA, ASIC
📊 Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsPRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App
📌 Account TypesDirect STP, Prime ECN, Ultra ECN
💴 Base CurrenciesAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL
📍 SpreadsFrom 0.0 pips
💹 Leverage1:1000
💵 Currency Pairs44; major, minor, and exotic pairs
💶 Minimum Deposit50 USD
💷 Inactivity FeeNone
🔊 Website LanguagesEnglish, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc.
🪙 Fees and CommissionsSpreads from 0.0 pips, commissions from $6 round turn
🤝 Affiliate Program✅Yes
❎ Banned CountriesUnited States, Canada, Hong Kong
📈 Scalping✅Yes
📉 Hedging✅Yes
📐 Trading InstrumentsForex, commodities, indices, shares, ETFs, bonds, cryptocurrencies
🚀 Open an Account👉 Click Here

 

Moneta Markets Review

 

Pros and Cons

 

✅ Pros❌ Cons
1,000+ tradable assets, including forexSome account types may have volume constraints
Multilingual supportLimited Education
Tight SpreadsNo Negative Balance Protection
No deposit or withdrawal feesInconsistencies reported in customer support quality.
Strong RegulationLimited Product Range
MetaTrader 4 and 5Limited Account Types

 

Our Insights

The benefits of trading with Moneta Markets include the ability to trade over 30 Crypto CFDs, and, commodities such as gold, oil, silver, and agricultural products.

 

Pepperstone Review

 

Pepperstone

Pepperstone is an award-winning Forex and CFDs Broker. ASIC, BaFin, CMA, CySEC, DFSA, FCA and, the SCB regulate it. Moreover, Client Funds are kept in a segregated account. The Standard and Razor Accounts are integrated with MetaTrader 4, MetaTrader 5, cTrader, TradingView, and, Capitalise.ai.

The following trading instruments and products are available:

 

  • 70 Forex pairs
  • 17 commodities
  • 28 indices
  • Over 1,000 shares

 

Moreover, there are 100 ETFs available for Trade. Deposit and Withdrawal options include Neteller, Skrill, and, Visa.

 

🔎 Broker🥇 Pepperstone
💴 Minimum DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include CFD trading resources and Trusted Customer Support.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a leading and well-regulated global provider of online trading in shares, spread betting, contracts for difference, and foreign exchange. BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA regulate it. Moreover, Client Funds are kept in segregated accounts.

Accounts offered are CFD, Spread Betting, and,  Corporate. No Minimum deposit is required. Trading Platforms available are MetaTrader 4, Next Generation, and, a Proprietary Trading App.  The following trading instruments and products are available:

 

  • Over 330 currency pairings
  • 80+ indices
  • 12 cryptocurrencies
  • 9,500+ shares
  • Share Baskets
  • 50+ treasuries

 

Furthermore, over 10,000 ETFs are available.

 

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

Our Insights CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

The benefits of trading with CMC Markets include a wide range of educational resources and devoted, trusted customer support.

 

Tickmill Review

 

Tickmill

Tickmill is a highly regulated Forex and CFD Broker with a wide global reach. The Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA regulate it. Moreover, client funds are kept in segregated accounts. The Accounts available include Pro, Classic, VIP, and, Demo. The minimum deposit is 100 USD.

Trading Platforms offered are MetaTrader 4 and MetaTrader 5. Additionally, a Tickmill Mobile App is available. The following trading instruments and products are available:

 

  • 62 currency pairings
  • 23 Indices
  • 3 energy contracts
  • 4 precious metals
  • 4 bond instruments

 

Moreover, a selection of eight cryptocurrencies is available.

 

🔎 Broker🥇 Tickmill
💴 Minimum Deposit$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Overview

 

Pros and Cons

 

✅ Pros❌ Cons
MetaTrader 4 and MetaTrader 5Limited range of instruments
Pro account with minimal commissionsLimited Trading Platforms

 

Our Insights

The benefits of trading with Tickmill include a wide variety of 62 currency pairs, webinars delivered by qualified experts, and, trusted customer support.

 

Forex In Switzerland

 

Is Forex Trading Legal in Switzerland?

Forex Trading is legal, licensed, and, highly-regulated in Switzerland. Moreover, FINMA, or the Swiss Financial Market Supervisory Authority, governs banks, insurance companies, and, Trading Platforms.

 

Is Forex Trading Legal in Switzerland?

 

In Conclusion

The popularity of Forex in Switzerland has seen a steep increase. Moreover, it is licensed and regulated by the Swiss Financial Market Supervisory Authority.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best Forex Brokers that accept Swiss Traders, we found 6 excellent options. Furthermore, each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Moreover, Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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Frequently Asked Questions

 

Is Saxo Bank Regulated in Switzerland?

Saxo Bank (Switzerland) Ltd. is regulated by the Swiss Financial Market Supervisory Authority FINMA.

 

Is IC Markets regulated in Switzerland?

EEA clients, excluding Belgium, Switzerland, and Latvia, fall under the regulatory authority of the Cyprus Securities and Exchange Commission (CySEC)

 

Is Moneta Markets regulated globally?

The FSCA, FSA Seychelles, CIMA, and, ASIC regulate Moneta Markets.

 

Is Pepperstone available to Swiss Traders?

Pepperstone opens Trading accounts to clients living in Switzerland.

 

What is the Minimum Deposit to Open a CMC Markets Account?

No Minimum Deposit is required.

 

Does Tickmill offer the MetaTrader Suite?

Tickmill provides MetaTrader 4 and MetaTrader 5.

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