Best Forex brokers for beginners in Switzerland in 2024

Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.

7.19

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TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.

9.4

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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.

6.49

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The trading conditions provided by the company are not suitable for beginners and are more focused on professional traders.

6.69

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WForex is suitable for traders of all levels from beginner to professional traders.A comprehensive set of tools allows all trades to make the most of their funds for profitable trading.

Best forex brokers for beginners in Switzerland in 2024

	FBS	TeleTrade	eToro	Gerchik&Co	WForex
Trading platform	MetaTrader 4, MetaTrader 5, FBS Trader	MT4, МТ5	Mobile apps (iOS, Android)	MetaTrader 4, MetaTrader 5, Mobile Platforms	MT4, WebTrader, Mobile terminal
Min deposit	$1	$1	$100	$100	$1
Leverage	From 1:1 to 1:2000	From 1:1 to 1:10	From 1:2 to 1:30	From 1:1 to 1:100	From 1:33 to 1:500
Trust management	No	No	No	Yes	No
Accrual of % on the balance	0.00%	0.00%	0.00%	0.00%	0.00%
Spread	From 0.2 points	From 0.8 points	From 2.0 points	From 0.0 points	From 0.2 points
Level of margin call / stop out	40% / 20%	70% / 20%	0% / 0%	100% / 50%	20% / 5%
Execution of orders	Market Execution	Market Execution, Instant Execution	Instant Execution	Market Execution	Market Execution, Instant Execution
No deposit bonus	$5	No	No	No	No
Cent accounts	Yes	No	No	No	Yes

There are certain specifics in trading, which novice traders residing in the territory of Switzerland need to know about:

Novice traders need educational courses. The bigger the educational blocks, the more useful knowledge you will gain.
Take notice of the availability of a demo account or a cent account. Traders can use these accounts to practice without considerable costs. A demo account allows you to work with virtual money, and a cent account - with micro lots, where your profit or loss amounts to just several dollars or even cents.
When choosing a broker, it is important to evaluate its fees schedule. Novice traders should check out the fees on cent or basic accounts.
If a novice trader professes Islam, he needs to make sure that an Islamic account is available. it is a special swap-free account that does not violate the Sharia law.

1
Best Forex broker for beginners in Switzerland - FBS

FBS (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. In addition to classic currency pairs, the company's clients can trade indices, futures contracts, exotic currencies, and metals. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.

👍 Advantages of trading with FBS for traders from Switzerland:

•negative balance protection;

•a large selection of trading instruments;

•the support service works 24/7.

👎 Disadvantages of FBS for traders from Switzerland:

•no cryptocurrency;

•auto copying is not available;

•no PAMM accounts;

•not suitable for short-term trading, such as scalping;

•the support service works in a limited number of languages;

•only two real accounts.

FBS Commissions & Fees for traders from Switzerland

FBS charges trading fees. The fees are charged as the spread. In the fees review for traders from Switzerland, you can learn about their rates depending on the account type.

FBS Commissions and Fees in Switzerland

Account type	Spread (minimum value)	Withdrawal commision
Standard	From $1.7	No
Cent	From $1.3	No

Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

2
Best Forex broker for beginners in Switzerland - TeleTrade

TeleTrade was established in 1994. The company won 2018 Traders Union Awards as the Best Broker in Europe. The brokerage company is a member of the Association of Forex Dealers, a self-regulatory organization in the financial market. The company is also regulated by the Cyprus Securities and Exchange Commission (CySEC, 158/11). The European branch of TeleTrade has adopted the brand name Earn.
The broker provides access to trading various currency pairs, as well as metals, stocks, cryptocurrencies, indices, and energies.

👍 Advantages of trading with TeleTrade for traders from Switzerland:

•detailed analytical section;

•informative educational section.

👎 Disadvantages of TeleTrade for traders from Switzerland:

•no PAMM accounts or other money management options;

•a small range of trading instruments;

•few withdrawal options;

•support is available 24/5;

•withdrawals delayed;

•technical support responds slowly;

•sometimes it takes a long time to verify data.

TeleTrade Commissions & Fees for traders from Switzerland

TeleTrade charges trading fees. The fees are charged as the spread. In the fees review for traders from Switzerland, you can learn about their rates depending on the account type.

TeleTrade Commissions and Fees in Switzerland

Account type	Spread (minimum value)	Withdrawal commision
Standard ECN	$17	No
Professional NDD	$9	No
Sharp ECN CENT	$2	No
Cryptocurrency account	$3

Your capital is at risk.

3
Best Forex broker for beginners in Switzerland - eToro

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

👍 Advantages of trading with eToro for traders from Switzerland:

•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.

•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.

•An opportunity to combine active trading with social trading and passive investing.

•Zero-fee trading of a number of stocks.

•Access to ready-made diversified asset portfolios with various risk levels.

•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.

•Zero fees for portfolio management, depositing funds and account maintenance.

👎 Disadvantages of eToro for traders from Switzerland:

•High minimum deposit for users of a number of countries.

•No live chat on the website for quick connection to customer support.

eToro Commissions & Fees for traders from Switzerland

eToro charges trading fees. The fees are charged as the spread. In the fees review for traders from Switzerland, you can learn about their rates depending on the account type.

eToro Commissions and Fees in Switzerland

Account type	Spread (minimum value)	Withdrawal commision
Standard	$5	Yes
Pro	from $1.1	$5 eToro’s fee + the fees of payment systems

Your capital is at risk.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

4
Best Forex broker for beginners in Switzerland - Gerchik&Co

Gerchik&Co was founded in 2015 by Ukrainian traders Oleksandr Gerchik and Ivan Kroshny and began operations in July of that year. Initially, it focused on the Commonwealth of Independent States (CIS, a Post-Soviet Union regional intergovernmental organization consisting of 9 countries in Eurasia) before expanding to the European level.
In November 2015, Gerchik&Co was recognized as the "Fastest Growing Broker" by the Mena 15th Forex Show. Based on the results of an independent vote by Russian Trading Day Money, the company received the "Breakthrough of the Year" award in December 2015, and Oleksandr Gerchik obtained the title of "Best Speaker" in the same month. To protect its clients' interests, the company also cooperates with the Traders Union and the International Financial Commission.

👍 Advantages of trading with Gerchik&Co for traders from Switzerland:

•more than 360 trading instruments;

•permission to use expert advisors and other tools for technical analysis and trade automation;

•high order execution and market operation speed, achieved through collaboration with 15 liquidity providers.

👎 Disadvantages of Gerchik&Co for traders from Switzerland:

•a high minimum deposit of $100, which is inaccessible to beginners.

•MetaTrader 4 and MetaTrader 5 trading platforms;

•no apps for mobile trading, only the mobile version of the website is available.

•small leverage — 1:100;

•many quotes provided by the broker are inaccurate;

•strict user conditions in the Terms of Agreement;

•trading on weekends is not possible.

Gerchik&Co Commissions & Fees for traders from Switzerland

Gerchik&Co charges trading fees. The fees are charged as the spread. In the fees review for traders from Switzerland, you can learn about their rates depending on the account type.

Gerchik&Co Commissions and Fees in Switzerland

Account type	Spread (minimum value)	Withdrawal commision
Zero	from $10	No
Mini	from $10	No
Simple	from $10	No
Silver	from $9	No
Gold	from $8	No
Platinum	from $7	No

Your capital is at risk.

5
Best Forex broker for beginners in Switzerland - WForex

WForex is a broker operating on the market for 12 years. The company carries on its activity in 50 countries in the world. It is a member of the Financial Commission for Dispute Resolution in the field of financial services in the international exchange market. World Forex coops with front developers, introducing modern tools that provide traders with safe and uninterrupted trading. The company is admitted as the best Forex digital contract broker.

👍 Advantages of trading with WForex for traders from Switzerland:

•bonus 100% for replenishment;

•commissions compensation when depositing;

•low barrier for entry — you can deposit $1;

•Safe-box account — high interests for trader's funds, free-and-easy converting and cash transferring between your trade accounts according to official bank rates;

•making transactions with ECN/STP technologies avoid a conflict of interest between the broker and the trader;

•auto trading is available;

•wide range of replenishment and withdrawal systems;

•own developed course "Forex Guide for the trader";

•the ability to trade digital contracts provides a potential profit of 100%.

👎 Disadvantages of WForex for traders from Switzerland:

•no search box on the website;

•there is no forum for communication between traders, but you can use the Traders Union forum, where traders from all over the world communicate;

•the support service may take several hours to respond

•the training section can be amended with video courses and training articles.

WForex Commissions & Fees for traders from Switzerland

WForex charges trading fees. The fees are charged as the spread. In the fees review for traders from Switzerland, you can learn about their rates depending on the account type.

WForex Commissions and Fees in Switzerland

Account type	Spread (minimum value)	Withdrawal commision
W-Cent	From 1.8$	Yes
W-Profi	From 18$	Yes
W-Instant	From 20$	Yes
W-ECN	From 2$	Yes