Swiss Forex Trading Comparison 2024

You can easily find the best Swiss forex broker using the unbiased online trading comparison on moneyland.ch. Unless you do very specialized forex trading, costs are the main factor to consider. Opening a free demo account in order to get familiar with a platform before you begin trading forex is recommended.

moneyland.ch offers four different forex calculators.

• Forex calculator. The general forex calculator on moneyland.ch makes it easy to find your potential profit or loss based on rates, with or without accounting for interest charged on leverage. 
• Forex stop loss & take profit: The stop loss and take profit calculator on moneyland.ch shows you where to set your stop loss and take profit thresholds based on your risk tolerance.
• Forex position size: The forex position size calculator helps you find the right sizes for forex positions.
• Pip calculator: The pip calculator lets you calculate the value of a pip in relation to a currency pair or the size of a position. Results can be shown in the base currency or the counter currency.

The cost of forex trading can vary greatly, depending on the broker you use. Getting informed about the costs of forex trading in advance is a good idea.

These factors play a key role in determining forex trading costs:

• Spreads: The bid-ask spread is the difference between the price at which you can sell an asset and the price at which you can buy it. Spreads are the single most important cost factor in forex trading. Spreads differ between forex brokers and currency pairs.
• Financing costs: When you hold a forex position past 5:00PM EST, you either earn or pay interest on the leverage, depending on the currency pair. This is called forex rollover. Brokers typically add a markup to interest charged and a markdown to interest earned. Interest charges and markups are an additional cost factor to consider.
• Some brokers charge brokerage fees when you open forex positions. Some brokers may only charge brokerage fees for certain currency pairs or for forex positions below a certain size.
• Other fees: Many brokers offer additional paid services for an extra fee, such as research or analyses. If you need these services, make sure to get informed about which additional services are offered and compare the fees charged.

You can find more information about the costs of forex trading here.

Use the broker which has the smallest bid-ask spreads for the currency pairs you plan to trade. Many brokers do not charge brokerage fees for forex trading.

Instead, brokers charge fees indirectly by adding spreads to currency exchange rates. A spread is a markup on the price of a currency which you pay when you buy currency from your broker. Although differences in spreads for the same currency pair at different brokers may be as small as a few pips, comparing is worth it. The more currency you trade, the bigger an impact a small difference in rates can have on your forex portfolio’s overall performance.

You should choose a broker which provides all of the services you need. Make sure that a broker offers the currency pairs you want to trade, and provides the order types you plan to use. Other services to consider include mobile apps, analysis tools and real time market information.

Numerous forex brokers offer online forex trading platforms via the Internet. But not all online brokers are trustworthy. There are a multitude of foreign brokers which are not licensed banks and do not offer solid depositor protection. All forex brokers included in the moneyland.ch online trading comparison are licensed and regulated by Swiss financial supervisory authority FINMA. Just select the forex filter to limit results to offers which include forex trading.

Yes. Use a forex broker which uses a leverage ratio that matches your risk capacity and trading strategy. The higher the leverage ratio, the higher the gains or losses will be when exchange rates fluctuate.

Absolutely. Always test a forex platform and the broker which provides it before trading with real money. Most Swiss forex brokers offer free demo accounts which let you test all of platform functions using simulated money and trades.