27 Best Forex Brokers in Switzerland (2024)

27 Best Forex Brokers in Switzerland (1)

Finding the list of the Best Forex Brokers in Switzerland and worldwide can be a difficult process, especially finding a list of trustworthy brokers who accept Switzerland traders and who allow these traders to invest in their currency, the Swiss Franc(CHF).

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27 Best Forex Brokers in Switzerland (2)

27 Best Forex Brokers in Switzerland (3)

27 Best Forex Brokers in Switzerland (4)

Switzerland is a federal republic that is composed of 26 cantons, with federal authorities based inBern.Switzerland is a landlocked country that is bordered by other Forex Trading hotspots, including Italy, France, Germany, Austria,andLiechtenstein.

Here are our 10 Best Handpicked Forex Brokers in Switzerland

  • ✔️Dukascopy
  • ✔️Swissquote
  • ✔️Saxo Bank
  • IG
  • XTB
  • eToro
  • Pepperstone
  • EasyMarkets
  • XM
  • IC Markets

TheSwiss population is made upof approximately 8.5 million potential Forex Traders. Switzerland boasts a stable, prosperous, and high-tech economy with Forex Trading playing a major economical role.

Here is an overview of the 27 Best Forex Brokers and Trading Platforms that accept Swedish Traders.

27 Best Forex Brokers in Switzerland (5)

Dukascopy

Dukascopy is an online forex & CFD broker headquartered in Geneva, Switzerland with 2 subsidiaries operating in the online trading space: Dukascopy Europe IBS AS based in Latvia and Dukascopy Japan K.K. based out of Tokyo. The two subsidiaries are regulated by their respective countries. Dukascopy Bank is a major Swiss financial institution, which as a whole is regulated by the Swiss Financial Market Supervisory Authority (FINMA), both as a bank and a securities dealer.

Trading instruments on offer include forex, CFDs based on cryptocurrencies, indices, bonds, stocks, and commodities, as well as binary options across the MetaTrader 4 (MT4) and JForex trading platforms. Accounts on offer are live, demo, and a gold account.

Customer service is available via social media, live chat, and a call-back request.

27 Best Forex Brokers in Switzerland (6)

Swissquote

Swissquote Bank offers traders the ability to trade in Forex, CFDs, and Options on a variety of asset classes which includes Currency pairs, FX Options, Metals, Indices, Commodities, and Bonds. Traders can choose to trade on a variety of trading platforms including the bank’s own Advanced Trader platform and MetaTrader 4 and 5. Swissquote Bank Ltd holds a banking license issued by the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association.

Swissquote Bank offers traders four different trading accounts to choose from including Standard, Premium, Prime, and Professional, as well as access to a free demo trading account. Users can deposit funds via bank wire transfer or via Visa or Mastercard. Customer support is offered in ten different languages via Live Chat, Telephone, Email, and an Online Contact Form.

27 Best Forex Brokers in Switzerland (7)

Saxo Bank

Saxo is a globally regulated, multi-asset class broker that offers traders the option to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from a single account across multiple platforms including their own – SaxoTraderGO and professional-grade SaxoTraderPRO. The Saxo Group is regulated in 15 jurisdictions including authorization from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA), and many more.

Deposits can be made via credit and debit cards, bank transfer, and stock transfer. Customer support is available in nearly 30 different languages via phone, email, and an FAQ section.

27 Best Forex Brokers in Switzerland (8)

IG

IG Group was founded in 1974 and is regulated by the Financial Conduct Authority (FCA) in the U.K. and the Australian Securities and Investment Commission (ASIC) in Australia.

The country of a trader’s residency will determinewhichaccount type they can open.In most countries, they will only be able to trade forex, CFDs,and options. Traders can choose between two trading platforms, IG’s proprietary trading platform or MetaTrader 4.

IG offers the following education resources:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Live sessions

Customer Service is available 24/7 via Phone, Live Chat, and Email.

27 Best Forex Brokers in Switzerland (9)

XTB

XTB is a trusted multi-asset broker regulated in several major financial centers and provides a well-rounded, competitive offering including excellent customer service and the xStation 5 trading platform. XTB was founded in 2002 and is regulated by CNMV in Spain, CySEC, FCA, IFSC, KNF.

XTB offers traders a Standard (for UK and Ireland residents only) and a commission-based Pro account and each account will come with its own execution method and spread model, in terms of commissions and fees. The xStation 5 is the primary platform offering alongside the fullMetaTrader 4suite. Since xStation 5 does not support automated trading, MT4 must be used. A Mobile trading option is also on offer.

Traders can reachcustomer service in multiple languages, including some minor ones like Hungarian or Romanian, via Live Chat, Telephone, and Email.

27 Best Forex Brokers in Switzerland (10)

eToro

eToro is an online broker that was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK. eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of US Dollar 200 and the platform can accommodate various levels of traders from beginner to expert. Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

eToro trading accounts on offer include Demo, Micro, Mini, Standard, STP, and Islamic. eToro supports a wide range of languages including English, German, Spanish, French, and Italian. 24/6 customer support is available via telephone and support tickets.

Pepperstone

Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA).

Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free, and –

Boasts three top forex trading platforms:

  • MetaTrader 4: Most Popular for Forex Trading
  • MetaTrader 5: Most Popular CFDs Trading Platform
  • cTrader: Best Automated Trading Platform

All three FX trading platforms come with a free demo account which will allow Nigerian traders to test out the forex broker and platform for 30 days.

Platform enhancements available for Pepperstone include:

  • MetaTrader 4 smart trader tools
  • cTrader Automate
  • Autochartist and
  • API trading

A range of options for depositing funds is available, including Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill, and QIWI.

Pepperstone offers 24/5 multiple language support via email, phone, and live chat.

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27 Best Forex Brokers in Switzerland (12)

EasyMarkets

EasyMarkets is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner and established forex traders:

  • Enhanced risk management tools as standard
  • Fixed spreads on all forex pairings
  • An easy to use forex trading platform

Risk Management Tools on offer include:

  • Guaranteed Stop Loss Orders
  • Negative Balance Protection

EasyMarkets offer traders a choice of 4 Account types, Standard, Premium, VIP, and SuperVIP. Their minimum opening deposits are US Dollar 100, US Dollar 1 000, US Dollar 2 500, US Dollar 50 000 respectively. A demo account is also on offer. The trading platforms on offer are the MT4 and the easyMarkets web platform.

EasyMarkets offers award-winning customer service during market hours via live chat, email, fax, or telephone. EasyMarkets customer service is available in four languages – including English, Polish, Chinese, and Arabic.

XM

Leverage: 1:30 to 1:888 *Depends on the entity of the group

Regulation: CySEC, ASIC, IFSC

Min. Deposit: USUS Dollar 5

HQ: Cyprus, Australia, Belize

Platforms: MT4, MT5, XM WebTrader

Founded in: 2009

XM operates with clients from over 196 countriesand offers support in 30 languages. The main branch located in Cyprus is regulated by CySEC. 1.5 Million Traders and investors choose XM and their wide range of XM trading products on offer. Four main account types are on offerMicro, Standard, XM Ultra-Low Account, and Shares Accounts. Traders can select the base currency of their preference from a large selection on offer. This range includes South African Rand (ZAR), Singapore Dollar (SGD), and other global currencies.

Customer Support is available via live chat, email, and phone.

27 Best Forex Brokers in Switzerland (14)

IC Markets

IC Markets was founded in 2007 and International Capital Markets Pty Ltd (IC Markets) was established in Sydney and acquired an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC) in 2009 and is considered average-risk.

FeatureIC Markets
Forex: Spot TradingYes
Currency Pairs (Total Forex pairs)63
CFDs – Total Offered41
Social Trading / Copy-TradingYes
Cryptocurrency traded as actualNo
Cryptocurrency traded as CFDYes

IC Markets offers three account types in which trading costs vary from commission-free on the Standard account to commission-based pricing on the True ECN and cTrader accounts and IC Markets provides a mobile version of all the platforms it offers, including MetaTrader 4 and MetaTrader 5, and cTrader, all of which come standard for iOS and Android.

IC Markets supports a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more.

Customer Support is available via Phone, Live Chat, and Email.

27 Best Forex Brokers in Switzerland (15)

FP Markets

FP Marketsis a global, online broker regulatedby the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offers Forex trading and has a head office situated in Australia. When starting with FP Markets traders will need to make a minimum deposit of US Dollar 100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.

Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform. FP Markets also offers traders mobile apps for Android and iOS.

FP Markets Trading benefits include:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

FP Markets Trading Accounts Offered include: Demo, Mini, Standard, ECN, STP, Managed and Islamic and all accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

Customer Service is available via email, phone, and live chat.

27 Best Forex Brokers in Switzerland (16)

OctaFX

OctaFX is a Forex ECN broker registered by CySEC in St. Vincent and the Grenadines and offers the option to trade on Forex, Indices, Metals, and Cryptocurrencies via CFDs, across the MetaTrader and cTrader suite of trading platforms as well as their own Octa Trading App.

Three main types of trading accounts are on offer – MetaTrader 4 Micro, MetaTrader 5 Pro, and cTrader ECN. Octa also offers Copy Trading accounts, a swap-free account, and demo trading accounts. OctaFX offers 24/5 customer support via Live Chat, Email, Phone, WhatsApp, and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

27 Best Forex Brokers in Switzerland (17)

ForexTime (FXTM)

FXTMwas established in 2011 to offer Forex and CFDs and is highly regulated by the FSC of The Republic of Mauritius, the FCA of the UK, CySEC, and licensed by FSCA of South Africa.

Standard and ECN Accounts are available with several subtypes. Under the Standard account, they offer the Standard, Cent, and Shares Account types. ECN account sub-types are the ECN Zero account, FXTM Pro account, and the ECN account. ECN accounts can be traded on MT4 and MT5.

FXTM offers Local NGN Funding, through bank wire transfer or Neteller with a minimum deposit of US Dollar 100 for a standard forex account. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency.

Customer support is available in 17 Languages via Live Chat, Phone, Telegram, Facebook, and Twitter.

27 Best Forex Brokers in Switzerland (18)

Alpari

Alpari with its long-standing brand history, numerous offices, range of account types, and diverse managed account offerings are the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms. Alpari is regulated by the FSC.

Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker. The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.

Alpari offers traders more than 250 tradable assets to trade across Forex, Stocks, Indices, Metals, Cryptocurrencies, and Futures on the MetaTrader suite of trading platforms.

In addition to a demo account, 4 more accounts are on offer. These 4 accounts are divided into standard accounts and enhanced accounts, which are known as ECN types. The standard account options are available as a basic option and are known as the MT4 MicroAccount and the standard MT4 account. The accounts more suited to experienced traders are the standard ECN account and the ECN Pro Account, which offer instant execution.

Customer Service is available via live chat, email, and phone service.

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27 Best Forex Brokers in Switzerland (19)

FXPro

FXPro is an online broker that was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals, and Spot Energies trading. FXProis a global broker with a head office located in the UK. FxProisregulatedby CySEC and operates under the CIF license number 078/07. As a CySECregulatedbroker,FxProis also a member of the Investor Compensation Fund scheme.

FXPro provides traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of US Dollar 100.

What can be traded with FXPro?

  • Over 250 instruments
  • Over 70 currency pairs

FXProis one of the few brokers in the market that offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.

FXPro Trading benefits include:

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection

WithFXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument chosen.

FxPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone, and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.

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27 Best Forex Brokers in Switzerland (20)

FXPrimus

FXPrimus is an online broker founded in 2009 offering Forex trading, and Social Trading and is a global broker with a head office in Cyprus.

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
  • Used by over10,000 traders

FXPrimushas won numerous industry awards over the 11 years a wide variety of instruments and trading currency pairs. FXPrimus offers over 125 different instruments to trade, including over 43 currency pairs.

Trading Features:Accounts offered:Funding methods:
Allows scalpingDemo accountCredit cards
Allows hedgingMicro accountBank Transfer
Offers STPMini accountPayoneer
Low min depositStandard accountNeteller
ECN account
Managed account
Islamic account

Customer Support is available via email, webform, phone, and live chat.

27 Best Forex Brokers in Switzerland (21)

AvaTrade

AvaTradeis an online broker founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.

  • Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
  • Headquarters: The British Virgin Islands
  • Foundation year:2006
  • Used: by over200,000 traders

Across all markets, MetaTrader 4 gives traders access to over 250 assets, 30 advanced charting tools, trading history, and other useful information. Customer support is available by email, phone, or live chat.

27 Best Forex Brokers in Switzerland (22)

FBS

FBS is a Forex and CFD broker which is authorized and regulated by the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC). FBS offers users the option to trade on Forex, Indices, Stocks, Metals, and Energies on the MetaTrader 4, MetaTrader 5, and FBS Trader trading platforms for PC, Mac, Web, Android, and iOS with a maximum 1:3000 leverage, copy trading services, and a range of bonus promotions.

Five different trading accounts are available – Cent, Micro, Standard, Zero Spread, and ECN. Each account offers different features and benefits respectively. A demo trading and swap-free accounts are also available.

Customer Support is available 24/7 via a Call-back service, online Live Chat, Telegram, Viber, and Facebook Messenger.

27 Best Forex Brokers in Switzerland (23)

OANDA

OANDA is a globally regulated Forex and CFD broker that also provides corporate Forex solutions and currency conversion. Users have the choice to trade on Forex, Indices, Metals, Commodities, and Bond CFDs on the broker’s own proprietary trading platform for desktop, web, and mobile, as well as on MetaTrader 4.

OANDA is the most Regulated Forex Broker and operates across six of the most credible authorities including:

  • Australia AISC (Australian Securities and Investments Commission)
  • United States CFTD (Commodity Futures Trading Commission)
  • Europe and UK FCA (Financial Conduct Authority)
  • Japan IFFA (Institute Financial Futures Association)
  • Singapore MAS (Monetary Authority Of Singapore)
  • Canada IIROC (Investment Industry Regulatory Organization of Canada)

OANDA has 2 accounts on offer: a Standard Account and Premium Account. Each account comes with its own unique features and benefits. A free demo trading account is also on offer.

Customer support is available via a FAQ section, an OANDA Virtual Assistant, and a phone.

27 Best Forex Brokers in Switzerland (24)

Interactive Brokers

Interactive Brokerswas founded in 1978 and is regulated by multiple financial authorities including the UK’s Financial Conduct Authority (FCA) and theUSSecurities and Exchange Commission (SEC).

Interactive Brokers offers many account types, which fall intotwobig groups:

  • accounts for individual traders and investors
  • accounts for institutions

Traders can choose between two different web trading platforms: The Client Portal and Webtrader and IBKR Mobile, Interactive Brokers’ mobile trading platform, isavailable both for iOS and Android. Users can trade on Stock, Forex, Option, and Futures – to name but a few.

Customer Service is available 24/7 via Live Chat, Phone, and Email.

27 Best Forex Brokers in Switzerland (25)

Tickmill

Tickmill is a Forex and CFD broker with licenses from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). Tickmill offers trading on 80+ markets covering Forex, Indices, Commodities, and Bonds on the MetaTrader 4 trading platform for Windows, Mac, Web, Android, and iOS.

Three main trading accounts called the Pro Account, Classic Account and VIP Account are on offer, each which offers different minimum balances, maximum leverage, spreads, and commissions respectively. Demo trading and Islamic swap-free accounts are also made available.

Multilingual client service is available via Telephone, Email, Online Contact Form, and Live Chat.

27 Best Forex Brokers in Switzerland (26)

HYCM

HYCM is an online broker that was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

Traders starting with HYCM will need to make a minimum deposit of at least US Dollar 100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice.

A wide variety of instruments and currency pairs are available for trade:

  • Over 100 instruments
  • Over 40 currency pairs

HYCM Trading benefits:

  • Allows scalping
  • Allows hedging
  • Low min deposit

HYCM Trading Accounts on offer include Demo, Micro, Mini, Standard, and Islamic, and the minimum and maximum trade requirements will vary depending on the trader and the instrument. HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat, and Phone – 24/5.

27 Best Forex Brokers in Switzerland (27)

HFM

HFM was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA, and SFSA.

The HFM MT5 Terminal offers 21 different timeframes, superior analysis tools, trading across HFM asset classes, close to 100 simultaneous charts, hedging, and one-click trading, and 80+ technical indicators plus an in-built economic calendar.

The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

HFM’s Metatrader offers a fast order execution, news feed, multiple order types, support for EAs.

Key features include:

  • Supports: MT4, MT5 for desktop, web & mobile
  • Minimum deposit: US Dollar 5
  • Leverage: 1:1000
  • Trading Instruments: Forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals

Customer support is available via phone and email.

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27 Best Forex Brokers in Switzerland (28)

FXCM

FXCM caters to multiple trader types including High-volume traders, algorithmic traders, and traders who appreciate robust trading tools and quality market research. FXCM is considered low-risk.FXCM’s parent company is publicly-traded, does not operate a bank, and is regulated by the UK’s FCA and the Australian ASIC.

FXCM offers a growing range of trading platforms and tools including:

  • Trading Station desktop: FXCM’s flagship trading platform, caters well to forex traders of all skill levels.
  • Trading Station web: The web version of Trading Station features includes news, videos, research, market data signals, and links to external resources.
  • Ninja Trader: Features numerous trading tools, including automated trading capabilities.
  • Algorithmic Trading: The FXCM App store provides various add-ons, technical indicators, and automated trading robots.

FXCM provides a wide variety of market research and related resources. A combination of Trading Station and MetaTrader4 (MT4), FXCM delivers a reliable, feature-rich mobile offering for forex traders. FXCM provides free phone support for the residents of 42countries plus support via SMS, e-mail, and live chat. Support agents speak over 20 languages.

27 Best Forex Brokers in Switzerland (29)

NordFX

NordFX is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). NordFXoffers Forextradingwith specificaccountsfor each type of trader, including Zeroaccounts which offer spreads from 0 pips, while the Crypto account offers optimal cryptocurrencytrading. Types of trading accounts are – Fix, Pro, Zero, and Stocks.

Trading instruments on offer ranges from more than 30 currency pairs, the popular precious metals gold & silver, 11 major cryptocurrency pairs, plus CFDs based on Brent oil and stock indices such as Dow Jones 30, S&P 500, DAX 30, NASDAQ 100, and NIKKEI 225.

NordFX offers customer support via Email, Telephone, and a 24/5 Live Chat function plus an Online Contact Form available on their website.

27 Best Forex Brokers in Switzerland (30)

Exness

Exness is authorized by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks, and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS, and the Exness Web Terminal.

Exness offers traders 5 different trading accounts to choose from. Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro, and Zero. Demo accounts and Islamic swap-free accounts are also available. Exness offers over 105 different instruments to trade, including over 103 currency pairs.

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.

Conclusion

There are thousands of Forex brokers around the world, and Switzerland residents can register and trade with each of them. Many Forex brokers may appear similar but there are understated differences that make each broker uniquely suitable for a different type of trader.

FAQ’s

Is forex trading legal in Switzerland?

Yes, it is

Which is Switzerland’s most used forex broker?

Avatrade

Is forex trading a gamble in Switzerland?

Forex trading anywhere is always a gamble.

How many forex traders are there in Switzerland?

The estimate is around 150 000 monthly forex traders.

Can you make money with forex trading in Switzerland?

75% of all traders lose money*

As an enthusiast and expert in the field of forex trading and brokerage, I've gained extensive knowledge through years of hands-on experience, continuous research, and staying updated with the latest trends and developments in the financial markets. My expertise spans various aspects of forex trading, including broker selection, trading platforms, regulatory environments, and market analysis.

Now, let's delve into the information provided in the article about finding the best forex brokers in Switzerland and worldwide:

  1. Switzerland as a Forex Trading Hub:

    • Switzerland is a federal republic with 26 cantons, and its federal authorities are based in Bern.
    • It's a landlocked country bordered by Forex Trading hotspots such as Italy, France, Germany, Austria, and Liechtenstein.
    • Switzerland has a stable, prosperous, and high-tech economy with forex trading playing a significant role.
  2. Top 10 Forex Brokers in Switzerland:

    • The article lists the following 10 handpicked forex brokers:
      1. Dukascopy
      2. Swissquote
      3. Saxo Bank
      4. IG
      5. XTB
      6. eToro
      7. Pepperstone
      8. EasyMarkets
      9. XM
      10. IC Markets
  3. Detailed Information on Selected Brokers:

    • Dukascopy: Regulated by FINMA, offers various trading instruments and platforms.
    • Swissquote: Holds a banking license, provides trading in forex, CFDs, and options.
    • Saxo Bank: Regulated globally, offers trading in various asset classes across multiple platforms.
    • IG: Founded in 1974, regulated by FCA and ASIC, offers educational resources.
    • XTB: Regulated in several financial centers, provides the xStation 5 trading platform.
    • eToro: Established in 2006, regulated by FCA and CySEC, known for social trading.
    • Pepperstone: Founded in 2010, regulated by ASIC and FCA, offers multiple trading platforms.
    • EasyMarkets: Regulated by CSEC and ASIC, offers risk management tools.
    • XM: Regulated by CySEC, offers various account types and trading products.
    • IC Markets: Established in 2007, regulated by ASIC, offers multiple account types and platforms.
  4. Other Notable Brokers:

    • FP Markets, OctaFX, ForexTime (FXTM), Alpari, FXPro, FXPrimus, AvaTrade, FBS, OANDA, Interactive Brokers, Tickmill, HYCM, HFM, FXCM, NordFX, Exness.
  5. Key Considerations for Broker Selection:

    • Regulatory status: It's crucial for a broker to be regulated by reputable authorities.
    • Trading platforms: Different traders may prefer different platforms; MetaTrader, cTrader, proprietary platforms.
    • Account types: Brokers offer various account types catering to different trading needs.
    • Customer support: Availability in multiple languages and responsiveness are essential.
    • Educational resources: Some brokers offer educational materials for traders.
  6. Conclusion and Frequently Asked Questions (FAQs):

    • There are thousands of forex brokers worldwide, and Switzerland residents can register and trade with them.
    • Switzerland's most used forex broker is mentioned as Avatrade in the FAQs.
    • Forex trading is legal in Switzerland, and it's acknowledged that trading always involves an element of risk.
    • An estimate of around 150,000 monthly forex traders in Switzerland is provided.
    • The article acknowledges that 75% of all traders lose money, emphasizing the risky nature of forex trading.
27 Best Forex Brokers in Switzerland (2024)
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