Forex trading in Switzerland - Best Forex brokers 2020

Find best Forex brokers in Switzerland - Learn to trade effectively

Forex trading is a high-risk and high return investment business.
The Swiss Forex traders can afford higher risks for a higher profit.
The reason for Forex trading is popular in Switzerland are –

  • Forex trading needs a small amount to start, $100 is good to go
  • Easy to access – just a computer or mobile with the internet is required
  • Lots of online free resources and training videos available for learning it
  • Swiss Forex traders can learn Forex trading risk-free in a Demo Account
  • No limit to profit in Forex trading, but you also have the risk of losing your capital
  • Start learning Forex trading in Switzerland – Get Your Free Demo Account

Forex trading Switzerland

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Forex trading in Switzerland – Swiss Forex Brokers

Forex trading in Switzerland has become a passion of many traders dealing in Financial markets. There are many professional Forex traders in Switzerland who take Forex trading seriously and make a luxurious living out of it. Swiss Franc is one of the most popular currencies traded in the Forex market. The Forex traders from Switzerland has definitely an advantage of understanding their currency CHF better, this helps them make successful trading decisions.

The Swiss Financial Market Supervisory Authority (FINMA) is the supervising authority in the financial system in Switzerland, it includes online Forex brokers also. When it comes to Forex trading, Switzerland has several reputable Forex brokers registered in the country itself. However, Swiss residents can also deposit money and trade Forex with overseas Forex brokers like iForex, Markets.com, FBS, and InstaForex. The Swiss Forex traders can choose to trade with any of these brokers.

BDSwiss

easyMarkets

  • Complies with IFSC Regulations
  • The standard account starts with $100
  • Leverage up to 1:3000
  • Spread starting from 0.5
  • Easy deposit and fund withdrawal

FBS Review

  • Accepts Swiss Forex traders
  • Beb based and Mobile trading platform
  • Bonus deposit up to 100%
  • Free education materials and analysis
  • Low spread and fees on trading

iForex Review

  • Complies with European & Australian regulators
  • Low spread for Swiss Forex traders
  • Free training materials and education
  • Easy deposit in Swiss Franc (CHF)
  • MT4 and Web Platform

easyMarkets Review

Why do people trade Forex in Switzerland?

In Switzerland, the Forex traders are doing remarkably well with Forex trading. The reason for the popularity of Forex trading in Switzerland is the risk appetite of investors in Switzerland. The Swiss Forex traders can spare a portion of their portfolio for high-risk financial trading like Forex.

The key to success in Forex trading in Switzerland lies in interpreting the currency price movements. Swiss traders have an advantage that they understand more about their own currency, the Swiss Franc CHF. Swiss Franc is one of the widely traded currencies pair, so Swiss traders get more opportunity to place a potentially profitable trade.

Featured Swiss Forex brokers

InstaForex Swiss Bonus brokers

How to select a Swiss Forex broker?

When it comes to select the right Forex broker in Switzerland, you must consider so many factors. Checking the following points while selecting can save lots of problems later.

  • The trustworthiness of the Forex Brokers in Switzerland
  • The safety, and security of funds
  • Deposit methods and spread (broker fees)
  • Fund withdrawal methods
  • Accepts minimum deposit you can afford
  • Offers all currency pairs and assets you are interested
  • Proves your account with negative balance protection

It is always better to avoid the new Forex brokers who do not have a proven track record of a few years. Find out and shortlist regulated Forex brokers with 5 years (or more) of proven track record. Do some research yourself online and check out the broker review on the internet before you decide to invest with them. The brokers complying with the EU, UK or Australian regulators can be trusted as they comply with stringent regulations. There are some EU regulated Forex brokers who have opened their offices in Switzerland and have registered with Swiss authorities to provide their services.

The reputed Swiss Forex brokers who are quite confident of their services offer a free demo trading account. The traders get a chance to know the trading platform and the trading features while trading in a demo account. Later, if you find the broker and their services are good, you may decide to open a real trading account by depositing funds.

Swiss Regulated Forex Broker – Which Forex broker is regulated in Switzerland?

There are several Forex brokers registered in Switzerland to provide Forex trading to Swiss Forex traders. BDSWISS is one such Forex broker with an excellent track record in the industry. You can open a risk free demo account with BDSWISS and try their trading platform. Check out BDSWISS Review to make a decision on trading with BDSWISS.

Swiss regulated Forex Broker

 

Is Forex trading legal in Switzerland?

Yes, Forex trading is legal in Switzerland. In fact, Switzerland is a Forex trading hub, from where many professional Forex traders operate. You should take care of your tax liabilities for the income from Forex trading. Several Forex trading companies have offices in Switzerland and operate while complying with Swiss regulators. Since the rules keep changing, you should consult a local Financial Consultant for detailed advice on legal aspects of Forex trading in Switzerland.

It is legal to trade Forex in Switzerland with Swiss regulated brokers as well as overseas regulated brokers. However, you must select the broker carefully while registering with overseas forex brokers.

What is the minimum fund required to start Forex trading?

Some Forex brokers offer a trading account with a minimum deposit starting at $ 1, $ 5, or $ 10. Such trading accounts called Micro Account or Cent Account are appropriate for newbies. The newbie traders usually go for these accounts to get some practice with real money. However, a minimum of $100 and above is advisable to start Forex trading. It will give you a feel and confidence in trading with real money and make a real profit, as well as real losses too.

A minimum deposit of $1000 or more is better to start Forex trading with proper risk management. It can bring you a good amount of profit if you trade well. Don’t forget the chances of losing your capital too. Hence, don’t invest the amount you can’t afford to lose.

Will I make money by trading Forex in Switzerland?

It is risky to trade Forex. Many experts believe that there is a significant possibility for retail traders to lose their capital. It is tough for retail traders to understand and predict the currency market with their limited understanding of the Forex market. Hence, it depends on your Forex trading skill, which includes – Understanding the market, Analysis of market, money management, risk management, etc. to make money while trading Forex.

There are a lot of youtube videos,  pdf guides and books, and investment tutorials to help new traders learn. Your Forex broker may also provide Webinars and one to one training to their clients. Always go for Free Demo Trading account to get some hands-on practice without risking any real money. You must practice a lot in the demo trading account until you are confident of your knowledge level and trading skills. It’s important to remember that traders should not invest money they can’t afford to lose.

Can I start Forex trading in Switzerland?

Yes, you can start trading Forex in a demo account if it is new to you. You can start trading with a real account if you understand that Forex trading is full of risk and carries risk of losing your investment. Forex trading is a complex area to master, yet not impossible. Hence, take your time to study Forex trading topics, strategies, and technical analysis, and acquire some hands-on experience in a demo account.

The retail traders usually get to know more by trading in demo accounts and getting more and more studies. The more knowledge you get about Forex trading, the better trader you become. It is better not to start right away. You may start later after you acquire knowledge and skill to earn from the Forex market.