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CH · Country profile

Best brokers in Switzerland

The Swiss market splits in two: domestic providers with a FINMA licence, bank status and a Swiss tax statement on one side, materially cheaper EU brokers on the other. The cost gap is large — domestic providers can charge five to ten times more for a Swiss equity order. Against that, assets held at a Swiss bank sit outside the insolvency estate as segregated property, and the tax statement simplifies your filing considerably. Note also the Swiss stamp duty on transactions routed through Swiss institutions.

The ranking

Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

Brokers available
46of 72
With a local licence
7
Tier-1 regulated
44
Avg. score
3.9

Market in figures

Switzerland: the broker market in figures

46 of the 72 brokers in our dataset accept clients resident in Switzerland. The figures below count only what a record documents — a missing entry never counts as a yes.

Customer support in German
40of 46
Commission on a €5,000 share order
€0 – €2519 providers with a comparable price
No custody fee (documented)
24of 46

Run your own numbers

Country profile

Market profile

Supervision, investor protection and tax — the three points that decide the account.

Switzerland

CH · Country profile

Local currency
CHF
Local regulator
FINMA
Recorded providers
46 of 72

Investor protection

esisuisse — preferential deposits up to CHF 100,000; custody assets are segregated from the bank's own

The part that decides

Tax notes

Private capital gains are generally tax-free in Switzerland unless you are classified as a professional securities dealer. Dividends and interest are taxed as income; the 35% Swiss withholding tax is reclaimable. Portfolio holdings count towards wealth tax.

Brokers that withhold tax locally

Our dataset records these providers as tax withholding agents for this country. They do not replace your own declaration: securities and their income still belong in the securities schedule (Wertschriftenverzeichnis) of your tax return. Only if you declare the assets and income there properly do you get back the 35% withholding tax on Swiss interest and dividends.

Source: ESTV — Verrechnungssteuer

Orientation based on the general legal position — not tax advice. Your personal situation and the legislation in force at the time govern.

Available here

The ranking

Ranked by our overall score across ten weighted criteria. Only providers that accept clients resident here.

See all brokers
Where you live decides which brokers and promotions are open to you. The page language is independent of it.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Rank 1

Charles Schwab

The full-service US giant that also owns thinkorswim, a professional-grade trading platform.

  • US long-term investors
  • Options and futures traders
Stocks (per order)
Free
Minimum deposit
None
FX conversion
1 %
StocksETFsOptionsFutures+5
  • Pros: USD 0 commission on every online listed US stock and ETF order, with no share cap and no proprietary-fund restrictions
  • Cons: No spot cryptocurrency trading — only ETFs, futures and crypto-adjacent equities, which puts Schwab behind Fidelity and well behind Robinhood
Group index 93/100
SECFINRA, FDIC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 2IG logo

IG

The most complete leveraged-trading operation in Europe — and it prices like it knows that.

  • Experienced CFD and spread bet traders
  • Multi-asset traders who want one account

Volume rebate — CFD volume rebate at the Bermuda entity

Stocks (per order)
Free
Minimum deposit
None
FX conversion
0.8 %
StocksETFsOptionsFutures+9
  • Pros: Around 17,000 tradable markets in a single account — shares, indices, FX, commodities, bonds, ETFs, turbo warrants and crypto CFDs, subject to regional restrictions
  • Cons: The 0.8% currency conversion mark-up on foreign-currency CFD and spread bet trades is where much of the real cost hides — on a USD position round-trip it comfortably exceeds the spread
Group index 100/100
FCABaFin, FINMA, ASIC, MAS, JFSA, DFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 3Interactive Brokers logo

Interactive Brokers

The cheapest serious route to almost every market on earth — if you can live with the learning curve.

  • Active and professional traders
  • Multi-currency investors

Up to USD 1,000 in stock — Referral programme with share credit

Note: this button leads to the Interactive Brokers home page and is not a referral link. The share credit is only available if you open the account through an invitation from an existing Interactive Brokers client.

Stocks (per order)
0.05 %
Minimum deposit
None
FX conversion
0 %
StocksETFsOptionsFutures+8
  • Pros: US stocks from USD 0.0035 per share on the Tiered plan, minimum USD 0.35 per order and capped at 1% of trade value
  • Cons: Customer support is the most common complaint: many requests go through the ticket system, and public reviews (e.g. on Trustpilot) often cite slow replies and template answers
Group index 90/100
SECFCA, CBI, ASIC, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 4CMC Markets logo

CMC Markets

One of the best charting packages in retail CFD trading, wrapped around a narrower product range than the market count suggests.

  • Technical and chart-driven traders
  • UK and Irish spread betting
Stocks (per order)
Free (CFD)
Minimum deposit
None
FX conversion
0.7 %
StocksETFsOptionsForex+6
  • Pros: Next Generation is one of the strongest charting suites bundled with a retail CFD account —115+ indicators, 70 chart patterns, 12 chart types and pattern-recognition scanners, at no extra cost
  • Cons: None of CMC's derivatives is exchange-traded: the options it quotes are OTC and cash-settled, and there are no cleared futures at all, so CMC is the counterparty on every derivative contract and no clearing house stands behind it
Group index 94/100
FCAASIC, BaFin, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 5

Pepperstone

Raw spreads and five platforms for traders who care about execution cost, not about owning the asset.

  • Active FX traders
  • Scalping and day trading

From 0.0 pips — Raw spreads from 0.0 pips with commission

Stocks (per order)
0.1 % (CFD)
Minimum deposit
US$10
FX conversion
n/a
StocksETFsForexCFDs+5
  • Pros: Razor all-in EUR/USD cost of about 0.8 pips - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Everything is a CFD. You never own the share or ETF, so there are no voting rights, no transferable holdings and no dividend tax reclaim
Group index 82/100
FCAASIC, BaFin, CySEC, DFSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 6Saxo logo

Saxo

A Danish bank that trades like a professional platform — broad, polished, and no longer expensive.

  • Multi-asset portfolios
  • Bond investors

Tiered — Improved pricing at higher account tiers

Stocks (per order)
0.08 %
Minimum deposit
None
FX conversion
0.25 %
StocksETFsOptionsFutures+7
  • Pros: Full Danish banking licence (Finanstilsynet licence 1149) and SIFI designation — a stronger structural safeguard than a broker-only permission
  • Cons: Currency conversion costs 0.25% over mid-market for EU and Swiss clients, and up to 0.60% at the UK entity's Classic tier — the single largest hidden cost for cross-currency investors
Group index 96/100
DFSAFCA, FINMA, MAS, JFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 7Capital.com logo

Capital.com

A polished retail CFD platform in Europe, provided you accept that CFDs are the whole product.

  • Active CFD traders
  • Forex day trading
Stocks (per order)
in the spread
Minimum deposit
US$20
FX conversion
0.7 %
StocksETFsForexCFDs+4
  • Pros: No commission on any CFD and no inactivity fee whatsoever — unusual in the CySEC/FCA CFD segment
  • Cons: 0.7% currency conversion markup on every trade settled outside your base currency — the single largest hidden cost here
Group index 77/100
FCAASIC, CySEC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 8XTB logo

XTB

One of the strongest trading platforms in the commission-free bracket - xStation 5 is a professional workspace attached to a zero-commission share account.

  • Serious charting on a budget
  • Commission-free European stocks

0% — 0% commission on stocks and ETFs up to the monthly volume cap

Stocks (per order)
Free
Minimum deposit
None
FX conversion
0.5 %
StocksETFsOptionsForex+4
  • Pros: xStation 5 is one of the strongest platforms in the commission-free bracket - a real screener, market heat map, sentiment data, economic calendar and news in one workspace, on web, desktop and mobile with near-identical features.
  • Cons: The 0.5% currency conversion charge (0.8% at weekends and on public holidays) applies whenever the instrument currency differs from your account currency. For a EUR investor buying US stocks it is charged on the way in and again on the way out, and it dwarfs the commission it replaces.
Group index 72/100
FCAKNF, CySEC, CNMV, DFSA, FSCA, FSC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 9CapTrader logo

CapTrader

Interactive Brokers' market access wrapped in German regulation, German support and a German phone number.

  • German-speaking options and futures traders
  • Active traders who want IBKR pricing with German support
Stocks (per order)
0.1 %
Minimum deposit
€2,000
FX conversion
0 %
StocksETFsOptionsFutures+7
  • Pros: BaFin-supervised German investment firm (institution number 10156708) with a Düsseldorf address, German contract law and a free German hotline until 20:00
  • Cons: No Abgeltungsteuer is withheld. German investors gain a compounding advantage but must declare everything themselves via Anlage KAP, and a Freistellungsauftrag is not possible — for many people that alone rules CapTrader out
Group index 81/100
BaFinCBI, FCA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 10

IC Markets

One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.

  • Algorithmic and EA traders
  • Scalping and high-frequency FX
Stocks (per order)
0.1 % (CFD)
Minimum deposit
€200
FX conversion
n/a
StocksFuturesForexCFDs+5
  • Pros: All-in EUR/USD cost of roughly 0.6 to 0.8 pips on Raw Spread - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Most non-EU, non-Australian clients contract with Raw Trading Ltd under Seychelles licence SD018 - an offshore regulator with no investor compensation scheme behind it
Group index 70/100
ASICCySEC, FSCA, FSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 11tastytrade logo

tastytrade

An options-specialist US broker: USD 1 per contract to open, closing commission-free — built by people who trade premium for a living.

  • Options premium sellers
  • High-volume multi-leg traders

USD 0 to close — No commission to close options positions

Stocks (per order)
Free
Minimum deposit
None
FX conversion
n/a
StocksETFsOptionsFutures+5
  • Pros: Equity options are USD 1 per contract to open, USD 0 to close and capped at USD 10 per leg — large multi-leg orders scale for free
  • Cons: FINRA censured and fined tastytrade USD 850,000 in 2026 for failing to run adequate best-execution reviews on equity orders routed to five payment-for-order-flow market makers between 2020 and 2023
Group index 82/100
FINRASEC, NFA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.

Rank 12Kraken logo

Kraken

The most heavily licensed venue in crypto — and the only one that is also a chartered US bank.

  • Traders who prioritise regulatory quality
  • Crypto derivatives and margin traders
Stocks (per order)
Share trading not offered
Minimum deposit
€1
FX conversion
n/a
StocksETFsOptionsFutures+3
  • Pros: Wyoming SPDI bank charter through Kraken Financial — a full-reserve institution required to hold 100% unencumbered liquid assets against customer fiat, with a Federal Reserve limited-purpose master account
  • Cons: Entry-tier spot pricing of 0.40% maker and 0.80% taker is the most expensive base rate among major regulated venues, and you need USD 10,000 of 30-day volume before it drops below 0.40% taker
Group index 78/100
CBIFCA, SEC, CFTC, WY DoB, CySEC, VARA, BVI FSC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Switzerland

Swiss criteria of the researched providers

CHF account, tax statement, stamp duty and deposit protection — each with its source and date. “Not documented” means it is not stated where we looked; it does not mean “no”.

Swiss points: +1 for a CHF account, +1 for a Swiss tax statement (free or paid), +1 for esisuisse, +1 if the provider charges no stamp duty. Facts that are not documented count 0.

The order is not an overall rating. The overall rating is in the ranking above; this table only shows what is documented for investors resident in Switzerland.

Only show providers with

A filter only shows documented facts; “not documented” drops out.

8 of 8 providers

ProviderContracting entityCHF accountTax statementStamp dutyDeposit protectionSwiss points
SaxoSaxo Bank (Schweiz) AG (CH)Source: home.saxoas of 24 October 2026yesSource: home.saxoas of 24 October 2026freeSource: home.saxoas of 24 October 2026chargedSource: home.saxoas of 24 October 2026esisuisseSource: esisuisse.chas of 24 October 2026+3
SwissquoteSwissquote Bank Ltd (CH)Source: swissquote.comas of 24 October 2026yesSource: swissquote.comas of 24 October 2026paidCHF 85.00Source: swissquote.comas of 24 October 2026chargedSource: swissquote.comas of 24 October 2026esisuisseSource: esisuisse.chas of 24 October 2026+3
CornèrtraderCornèr Bank Ltd (CH)Source: cornertrader.chas of 24 October 2026yesSource: cornertrader.chas of 24 October 2026paidCHF 20.00 plus VATSource: support.cornertrader.chas of 24 October 2026chargedSource: cornertrader.chas of 24 October 2026esisuisseSource: esisuisse.chas of 24 October 2026+3
YuhSwissquote Bank Ltd (CH)Source: yuh.comas of 24 October 2026yesSource: yuh.comas of 24 October 2026paidCHF 25.00Source: yuh.comas of 24 October 2026chargedSource: yuh.comas of 24 October 2026esisuisseSource: yuh.comas of 24 October 2026+3
PostFinance E-Tradingnot documentedyesSource: postfinance.chas of 24 October 2026paidCHF 97.30 incl. VATSource: postfinance.chas of 24 October 2026chargedSource: postfinance.chas of 24 October 2026esisuisseSource: esisuisse.chas of 24 October 2026+3
Interactive BrokersInteractive Brokers U.K. Limited (GB)Source: interactivebrokers.euas of 24 October 2026not documentednot documentednot documentednot documented0
Trading 212Trading 212 EU GmbH (DE)Source: helpcentre.trading212.comas of 24 October 2026not documentednot documentednot documentednot documented0
DEGIROflatexDEGIRO Bank Dutch Branch (flatexDEGIRO Bank SE) (NL)Source: degiro.chas of 24 October 2026not documentedannual report onlySource: degiro.chas of 24 October 2026not documentednot documented0

“Charged” means: according to the provider's price list, stamp duty comes on top of the fees. Whether it is due depends on whether a Swiss securities dealer is involved in the trade.

esisuisse protects deposits up to CHF 100,000 per customer and bank; several accounts at the same bank are added together. Securities in custody belong to the customer and are not covered. Source: esisuisse.ch

CFDs only

These providers accept clients from Switzerland but, according to our data, offer shares only as CFDs. They are therefore not in the table.

Swiss criteria not yet researched

According to our data these providers accept clients from Switzerland. We have not yet researched their Swiss criteria.

By trading style

Best broker per category

Every category weights the rating criteria differently — which is why the same provider rarely wins everywhere.

Transparency

Not available here

Transparency means showing the gaps too. These recorded providers do not accept clients resident here.

Head to head

The top 8, row by row

Fees apply to retail accounts under normal market conditions. Each provider's data date is on its review.

The top 8, row by row — Switzerland
Rank#BrokerOverall scoreStocks (per order)Minimum depositFX conversionLocal licenceTax withheldAsset classesAction
1Charles SchwabSEC · FINRA · FDIC4.6FreeNone1 %Local licenceTax withheld9Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

2IG logoIGFCA · BaFin · FINMA4.5FreeNone0.8 %Local licenceTax withheld13Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

3Interactive Brokers logoInteractive BrokersSEC · FCA · CBI4.50.05 %None0 %Local licenceTax withheld12Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

4CMC Markets logoCMC MarketsFCA · ASIC · BaFin4.4Free (CFD)None0.7 %Local licenceTax withheld10Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

5PepperstoneFCA · ASIC · BaFin4.40.1 % (CFD)US$100.8 pipsLocal licenceTax withheld9Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

6Saxo logoSaxoDFSA · FCA · FINMA4.40.08 %None0.25 %Local licenceTax withheld11Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

7Capital.com logoCapital.comFCA · CySEC · ASIC4.3in the spreadUS$200.7 %Local licenceTax withheld8Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

8XTB logoXTBKNF · FCA · CySEC4.3FreeNone0.5 %Local licenceTax withheld8Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Provider holds a licence from a supervisory authority of this country. Our dataset records the provider as a tax withholding agent for this country.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Countries

Frequently asked questions

46 of the 72 providers recorded in our dataset accept clients resident in Switzerland. The highest rated right now are Charles Schwab, IG and Interactive Brokers. The full ranking with fees and regulation is at the top of this page.

Content on Brokaro is for information purposes only and is not investment, legal or tax advice.

Read on

Guides and calculators for investors in Switzerland

Background on tax, fees and regulation — and calculators for your own amounts.

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