Best Swiss Forex Brokers 2023
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck
Though well-known for the sublime beauty of the Swiss Alps, airport Toblerone bars the size of your arm, and for dipping chunks of bread into a cauldron full of molten cheese, Switzerland is also famous for being a financial powerhouse.
Switzerland’s banking system and financial regulatory apparatus are as hardy and expansive as its network of nuclear fallout shelters (enough shelter space for every single Swiss citizen!), making for a robust trading environment for forex and CFD traders.
Here at BrokerNotes, we conducted extensive research and data collection on forex brokers, local regulatory agencies and stock exchanges, and Swiss monetary policy to create this guide to help you pick the best forex broker for trading in Switzerland.
Choosing a regulated forex broker in Switzerland
Whether you are an active trader with deep forex experience, or a beginner who is just getting their start in the forex world, choosing a well-regulated forex broker is crucial if you want to steer clear of forex scams. Not all regulatory licenses carry the same weight, however, and regulatory environments can vary widely from country to country.
Our Trust Score, a proprietary algorithm, ranks regulatory agencies and their respective countries into three groups, with Tier 1 indicating the most stringent (which is good) and Tier 3 the least. We collect comprehensive data on each broker, which results in a ranking from 1 to 99 of the broker’s overall trust (the higher a broker’s Trust Score, the better). Learn more about Trust Score at our sister site, ForexBrokers.com.
The primary regulator of financial markets in Switzerland is the Swiss Financial Market Supervisory Authority (FINMA). FINMA’s high degree of trust as a regulator has us ranking Switzerland as a Tier 1 jurisdiction.
FINMA is an independent regulatory authority that protects financial market operations and governs the practices of financial services providers in Switzerland. Swiss forex brokers are required to be registered with FINMA as a bank (and obtain a Swiss banking license), which involves a detailed registration process and a high regulatory capital requirement of at least CHF 10 million.
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 forex brokers for trading in Switzerland
To help you find the best forex brokers, we curated a list of every broker that accepts new clients from Switzerland. We conducted meticulous research on those brokers, using over 100 data-driven variables (including our proprietary Trust Score), resulting in this list of the overall best brokers in Switzerland:
-
IG
- 9.9/10 Overall
- Swissquote - 8.7/10 Overall
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.86 |
| All-in Cost EUR/USD - Active | 0.5957 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1974 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 33 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1996 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 466 |
| Forex Pairs (Total) | 78 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 49 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 1.0 |
| All-in Cost EUR/USD - Active | 1.0 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 91 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 203 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 1.07 |
| All-in Cost EUR/USD - Active | 1.04 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2002 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12000 |
| Forex Pairs (Total) | 57 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 39 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.92 |
| All-in Cost EUR/USD - Active | 0.61 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2006 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 4 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 1260 |
| Forex Pairs (Total) | 55 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 80 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.8 |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2008 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 4 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 2800 |
| Forex Pairs (Total) | 65 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 110 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.6 |
| All-in Cost EUR/USD - Active | 0.6 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2016 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 6000 |
| Forex Pairs (Total) | 138 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 75 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 1.6 |
| All-in Cost EUR/USD - Active | 0.8 |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2009 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 1372 |
| Forex Pairs (Total) | 57 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | No |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.77 |
| All-in Cost EUR/USD - Active | 0.87 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2010 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 2 |
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 2342 |
| Forex Pairs (Total) | 62 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | No |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 15 |
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Switzerland’s financial markets
Forex traders will recognize the Swiss franc (CHF) as Switzerland’s national currency (known in the forex world as “the Swissie”). The Swiss franc – as well as Swiss markets and swiss forex brokers – are affected by monetary policy as dictated and regulated by the Swiss National Bank (SNB).
In addition to the exacting regulations built into the Swiss financial system, Switzerland is home to a robust deposit protection system. Under the Swiss Banking act, all Swiss banks and dealers of securities must have deposits protected – up to a max of 100,000 CHF – by esisuisse (originally known as the Swiss Banks’ and Securities Dealers’ Depositor Protection Association).
Switzerland’s primary stock market is the SIX Swiss Exchange, based in Zurich. The SIX Exchange is one of the largest stock exchanges in Europe and features over 46,000 tradeable securities, alongside equities, bonds, ETFs, and even crypto products.
Switzerland is also known for the staunch privacy protections in place for financial customers; though Swiss banks can be required in certain special circumstances to reveal account holder details – such as in relation to a criminal investigation – Swiss banks are required by law to protect the confidentiality of their clients.
What is the best forex broker in Switzerland?
IG is the best broker in Switzerland in 2023. With its excellent trading platforms, sleek mobile apps, comprehensive research offering, and wide range of tradeable markets, IG dominates the competition across multiple categories. IG is regulated by FINMA and operates IG Bank in Switzerland, which provides many of the perks that forex traders would expect from owning a Swiss bank account.
Which forex broker has the best mobile app?
Saxo Bank's mobile app is the top choice for forex traders in 2023. The SaxoTraderGO web and mobile platforms provide a powerful selection of tools combined with top-notch research in a highly unified cross-platform experience. The IG Trading app is packed with sophisticated features like alerts, sentiment readings, and high-powered charting capabilities.
Neck and neck with Saxo Bank is IG, which is packed with sophisticated features like alerts, sentiment readings, and high-powered charting capabilities. Whether you choose IG or Saxo Bank, you’ll be trading forex on some of the most advanced mobile trading platforms available.
Which Swiss forex broker is best for beginners?
IG offers the best Swiss forex trading experience for beginners in 2023, due to its well-designed, easy-to-use trading platforms and its comprehensive educational courses. DailyFx – IG’s in-house content producer – creates informative articles and videos, and IG has even developed a standalone mobile app (in addition to their award-winning IG Trading app) dedicated to helping beginners learn about the financial markets.
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
| Company | Accepts CH Residents | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard | Trust Score | Tradeable Symbols (Total) | Read Review | Visit Site |
 IG
|
9.9 | ÂŁ250.00 | 0.86 | 99 | 19537 | IG Review |
Visit Site
|
|
 Saxo Bank
|
9.7 | €2,000 | 0.9 | 99 | 60000 | Saxo Bank Review | ||
 Interactive Brokers
|
9.7 | $0 | 0.6 | 99 | 8500 | Interactive Brokers Review | ||
 CMC Markets
|
9.6 | $0 | 0.51 | 99 | 12377 | CMC Markets Review | ||
 TD Ameritrade
|
9.5 | $0 | 1.25 | 99 | 0 | TD Ameritrade Review | ||
 FOREX.com
|
9.3 | $100 | 1.0 | 99 | 5500 | FOREX.com Review |
Visit Site
|
|
 City Index
|
9.2 | ÂŁ100.00 | 1.0 | 99 | 13500 | City Index Review | ||
|
XTB
|
9 | $0 | 1.07 | 95 | 12000 | XTB Group Review | ||
 eToro
|
8.8 | $10-$10,000 | 1 | 93 | 3458 | eToro Review | ||
|
Swissquote
|
8.7 | $1000 | N/A | 99 | 466 | Swissquote Review | ||
|
AvaTrade
|
8.6 | $100 | 0.92 | 93 | 1260 | AvaTrade Review | ||
 FXCM
|
8.5 | Starts from $50 | 1.38 | 96 | 440 | FXCM Review | ||
|
Plus500
|
8.5 | €100 | 0.8 | 98 | 2800 | Plus500 Review | ||
|
Capital.com
|
8.4 | $20 | 0.6 | 84 | 6000 | Capital.com Review | ||
|
XM Group
|
8.4 | $5 | 1.6 | 90 | 1372 | XM Group Review | ||
|
Pepperstone
|
8.4 | $200 | 0.77 | 93 | 2342 | Pepperstone Review | ||
 OANDA
|
8.4 | $0 | 1.26 | 92 | 124 | OANDA Review | ||
 Admiral Markets
|
8.3 | $100 | 0.8 | 87 | 8425 | Admiral Markets Review | ||
 FP Markets
|
8.3 | $100 AUD | 1.2 | 86 | 10000 | FP Markets Review | ||
 IC Markets
|
8.2 | $200 | 0.62 | 86 | 3583 | IC Markets Review | ||
 Markets.com
|
8.2 | $100 | 1.9 | 98 | 2179 | Markets.com Review | ||
 FxPro
|
8.1 | $100 | 1.51 | 90 | 2249 | FxPro Review | ||
 Fineco Bank
|
7.9 | $0 | N/A | 92 | 126 | Fineco Bank Review | ||
 Tickmill
|
7.9 | $100 | 0.51 | 82 | 295 | Tickmill Review | ||
 BlackBull Markets
|
7.9 | $0 | 0.827 | 74 | 26000 | BlackBull Markets Review | ||
 DooPrime
|
7.8 | $100 | N/A | 84 | 10000 | DooPrime Review | ||
 BDSwiss
|
7.8 | $100-$5000 | 1.6 | 84 | 1081 | BDSwiss Review | ||
 TMGM
|
7.8 | $100 | 0.96 | 79 | 12000 | TMGM Review | ||
 HFM
|
7.7 | $5 | 1.2 | 85 | 3500 | HFM Review | ||
 FlowBank
|
7.7 | $0.00 | N/A | 77 | 408600 | FlowBank Review | ||
 HYCM (Henyep)
|
7.7 | $100 | 0.6 | 86 | 362 | HYCM Review | ||
 Vantage
|
7.7 | $50 | 1.22 | 83 | 1000 | Vantage Review | ||
 Trading 212
|
7.6 | EUR 10 | N/A | 77 | 1785 | Trading 212 Review | ||
 Eightcap
|
7.6 | $100 | 1.0 | 87 | 736 | Eightcap Review | ||
 Trade Nation
|
7.5 | $0 | 0.6 | 83 | 601 | Trade Nation Review | ||
 Moneta Markets
|
7.5 | $50 | 1.27 | 71 | 965 | Moneta Markets Review | ||
 ThinkMarkets
|
7.4 | $250.00 | N/A | 86 | 1674 | ThinkMarkets Review | ||
 VT Markets
|
7.4 | $200 | 1.2 | 71 | 168 | VT Markets Review | ||
 ACY Securities
|
7.4 | $50 | 1.2 | 77 | 1600 | ACY Securities Review | ||
 easyMarkets
|
7.3 | $100 | 0.9 | 84 | 199 | a href="/reviews/easymarkets">easyMarkets Review | ||
 RoboForex (RoboMarkets)
|
7.3 | $100 | 1.4 | 69 | 12000 | Roboforex (RoboMarkets) Review | ||
 IronFX
|
7.2 | $50 | 1.2 | 84 | 340 | IronFX Review | ||
 Exness
|
7.2 | $1 | 0.9 | 74 | 112 | Exness Review | ||
 Spreadex
|
7.2 | $0 | N/A | 70 | 2000 | Spreadex Review | ||
 Trade360
|
7.1 | $250 | N/A | 77 | 1062 | Trade360 Review | ||
 AxiTrader
|
7.1 | 0 | N/A | 83 | 175 | Axitrader Review | ||
 GKFX
|
7.1 | $0 | N/A | 66 | 354 | GKFX Review | ||
 Vestle
|
7.1 | -1 | N/A | 79 | 750 | Vestle Review | ||
 OctaFX
|
7 | $25 | 0.9 | 67 | 229 | OctaFX Review | ||
 FXOpen
|
7 | $100 | N/A | 80 | 87 | FXOpen Review | ||
 TeleTrade
|
7 | $100 | N/A | 67 | 500 | Teletrade Review | ||
 FXPrimus
|
6.9 | $100 | N/A | 69 | 140 | FXPrimus Review | ||
 Forex4you
|
6.9 | $0 | N/A | 62 | 150 | Forex4you Review | ||
 LegacyFX
|
6.9 | $500 | N/A | 67 | 425 | LegacyFX Review | ||
 GBE brokers
|
6.8 | $500 | N/A | 69 | 500 | GBE Brokers Review | ||
 Alpari
|
6.8 | $20 | N/A | 67 | 105 | Alpari Review | ||
 TopFX
|
6.7 | Depends on payment method | N/A | 67 | 655 | TopFX Review | ||
 Libertex (Forex Club)
|
6.7 | $10 | N/A | 72 | 300 | Libertex Review | ||
 ATFX
|
6.6 | $500 | N/A | 74 | 150 | ATFX Review | ||
 UFX
|
6.6 | $100 | 3 | 62 | 619 | UFX Review | ||
 Xtrade
|
6.5 | $250 | N/A | 80 | 142 | Xtrade Review | ||
 Tradeo
|
6.4 | $200 | N/A | 67 | 256 | Tradeo Review |
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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 about foreign exchange risk.
About the Editorial Team
Steven Hatzakis is the Global Director of Research for BrokerNotes.co and 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 is the Senior Editor of BrokerNotes.co and 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 is the Content Strategist and Research Analyst for BrokerNotes.co and 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.