Find out who are the best Forex Brokers in Switzerland. PipSpread team conducted a deep research with strict criteria and found out who are the best Swiss Forex Brokers. Swiss forex brokers are obliged to sign the Swiss Banks and Securities Dealers agreement, which protects all customer deposits of up to CHF 100,000. Such signatories are MIG Bank and Dukascopy Bank SA, for example.
Other regulatory organs in the country include the Swiss Bankers Association, the Swiss Federal Department of Finance, the Swiss Federal Banking Commission, etc. Here you can find such brokers who has physical offices in the country.
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Choosing your Swiss-based Forex Broker
There is no wrong in trying to make an investment; especially if it will give a number of benefits for someone’s financial. Today, there are many ways to invest using money, and one of the options is through Forex (Foreign Exchange) trading. This investment method allows people to buy or sell foreign currencies at their current price. Forex itself is one of the biggest markets in the world, and this is one reason why it is a good opportunity to start your investment.
In order to start, you need to apply to a broker first to get an account. If you are living in Switzerland, there are some renowned Forex brokers that are already famous for their quality. Below is some Swiss Forex brokers that you might want to choose.
Swiss quote is based in Switzerland, but it has international branches in Germany, UK, and Hong Kong. It has been operating since 2000 and only serves U.S. Dollar trading. You can open a mini account with $1,000 while the standard account will require $10,000.
Dukascopy Bank SA
This bank is also based in Switzerland and was established in 1998. Internationally, the bank also operates in Russia, Japan, Hong Kong and Malaysia. It accepts several currencies, including U.S. Dollar, Euro, GBP, Canadian Dollar, Australian Dollar, and Yen. The standard account starts at $50,000 and the mini one starts at $100.
Operating in Switzerland only, the CIM Bank has been in the financial industry since 1990. It offers its Forex services together with interactive brokers outside of the bank. It accepts trading in GBP, Euro, and U.S. Dollar. In order to open an account, you need to have at least €5,000.
This Swiss bank mainly operates in Switzerland, Australia, and the U.S., but it has branches in several countries worldwide including France and Singapore. It accepts U.S. Dollar, GBP, Euro, Yen, Singaporean Dollar, and more. All of its accounts require you to have $10,000.