Any time Switzerland is mentioned, the first things that pop up in anyone's mind are the Alps, chocolate and money. Mountains and chocolates aside, this tiny neutral country in the heart of Europe has become a symbol of financial prosperity and stability – and the same goes for Swiss forex and CFD brokers, which have an excellent reputation both in terms of trading conditions, and fair and transparent operations.
But wait, there's more: since 2008, the Swiss Bank Directive 3a mandates each and every broker operating out of the country to hold a banking license from the Swiss Financial Market Supervisory Authority (FINMA). Getting such a license is not exactly an easy task - applicants must comply with a list of draconian requirements, including sufficient capitalization (the lower threshold for that is approximately CHF 20 million).
Furthermore, 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.
When signing up with a Swiss forex broker, you can rely on fair, safe and secure trading.