Forex Brokers in Switzerland

Richard Montana | November 23, 2022

Switzerland has many forex traders who regularly buy and sell currency pairs to speculate on the difference in prices. This is known as CFD trading which enables you to trade instruments without needing to physically own the underlying asset.

Forex brokers in Switzerland must be authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) to serve Swiss traders and investors. FINMA is the main regulatory and supervisory authority in Switzerland. However, you could always use an international broker that is regulated in other jurisdictions and allowed to accept clients from Switzerland.

Best forex brokers Switzerland

To find the best forex brokers in Switzerland, we created a list of all the regulated forex brokers that accept traders in Switzerland, then ranked them according to our overall rating. You can see the list of our top forex brokers for Switzerland below.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA

$250

1974

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.

ASIC, FCA, FINMA, JFSA, MAS, SFC

$500

1992

1:66

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.

DFSA, FCA, FINMA, MFSA, SFC

$1,000

1996

1:100

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

FCMC, FINMA, FSA

$100

2004

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
5.

CySEC, FINMA, FSCA

$50

2015

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

FINMA forex brokers in Switzerland

The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. FINMA forex brokers must comply with the requirements of the Swiss Financial Market Supervisory Authority (FINMA) and be cognizant of other requirements and guidelines that include those of the Swiss Bank Act, the Swiss Bank Ordinance, and the Swiss Insurance Supervision Act.

FINMA was established on 22 June 2007 as a merger of the Anti-Money Laundering Control Authority, the Swiss Federal Banking Commission, and the Federal Office of Private Insurance. FINMA is an independent regulatory body with authority over Switzerland’s financial institutions. As an independent body, FINMA reports directly to the Swiss Federal Department of Finance and is headquartered in the capital city, Bern.

FINMA’s main task as a regulator is to make sure that all financial service providers including forex brokers comply with the rules and that the financial system is stable. They are responsible for authorising banks, insurance companies, stock exchanges and other market participants, including asset managers of collective investment schemes. They then monitor them and take action if they break the rules.

The FINMA grants operating licences for companies and organisations subject to its supervision, monitors the supervised institutions with respect to their compliance with the requisite laws, ordinances, directives and regulations, as well as with the conditions for the granting of licences that must be complied with at all times.

FINMA makes sure the law governing the financial markets is observed, even if a provider has not sought the authorisation it needs before offering its services. If necessary and to the extent permissible by law, the FINMA imposes sanctions, provides administrative assistance and regulates.

It is not unusual for FINMA to close down a company operating without a valid licence. This makes them a gatekeeper to the financial market in Switzerland and can give forex traders using a FINMA confidence they are using a safe forex broker.

How to verify FINMA regulated brokers in Switzerland

As mentioned, traders in Switzerland can use FINMA brokers or other regulated brokers that accept Swiss clients. Whichever option you go for, it is important to look for a regulated forex broker as they can provide you with certain protection should something go wrong that unregulated forex brokers cannot.

You can get the broker’s license number from the disclosure text at the bottom of their homepage. You can then look up the broker on the list of supervised institutions via the FINMA website to confirm if the forex broker is regulated in Switzerland to provide forex trading products and services to Swiss traders.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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