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The Best Swiss Forex Brokers 2019 - Benzinga Posted: 19 Feb 2019 12:00 AM PST Recommended Forex Broker FOREX.com is one of the largest forex brokers for Swiss traders. You will get competitive pricing, award-winning customer service, actionable data, and powerful trading platforms to help you make the best possible trades. Switzerland has a relatively strict regulatory environment, so if you choose a foreign broker, make sure it is also well-regulated within its local jurisdiction. Several online brokers have offices in Switzerland, and many foreign brokers also open accounts for traders who reside in the country. Quick Look – Swiss Forex Brokers Forex.com Dukascopy Swissquote IG Saxo Bank Remember that not all forex brokerages are created equal, so make sure to carefully determine your specific needs as a trader. Once you know what you need, you can assure your needs will be met by a broker before opening a forex trading account. Trading Forex in Switzerland The Swiss national currency is the Swiss franc (CHF), which is divided into 100 smaller denominations. Since Switzerland is a multilingual country, this 1/100 of a franc denomination is known as a rappen in German, a centime in French, a centesimo in Italian and a rap in Romansh. According to the Bank for International Settlements (BIS), the Swiss franc was the seventh most-traded currency in 2016, making up around 4.8 percent of overall forex market turnover that year. The CHF also ranked eighth among the world's most popular reserve currencies, amounting to roughly 0.15% of total central bank reserves in the third quarter of 2018, according to the International Monetary Fund (IMF). With respect to Swiss financial sector regulation, the Swiss Financial Market Supervisory Authority (FINMA) supervises the financial system in Switzerland that includes online forex brokers. The regulator oversees financial institutions and aims to protect investors by making sure that Switzerland's financial markets function well. Financial institutions need to be authorized by FINMA before commencing operation. When it comes to trading currencies, Switzerland has several reputable forex brokers based in the country itself, although Swiss residents can easily deposit money and trade forex via accounts held with foreign brokers. Keep in mind that if you do choose a foreign forex broker, it will generally be overseen by one or more regulators in the country, so make sure to select a foreign broker with a reputable and reasonably strict regulatory organization. What to Look for in a Swiss Forex Broker Whether a broker is based in Switzerland or elsewhere, the best online brokerage will generally have the following 11 characteristics: A good reputation Will accept you as a client Well regulated Requires a minimum deposit you can afford Offers all currency pairs and assets you wish to trade in Allows a sufficient leverage ratio for your preferred trading strategy Makes prices with competitive dealing spreads Provides negative balance protection Has minimal order slippage Segregates client accounts from its own Has intuitive deposit and withdrawal procedures Another key factor to take into account when looking for a suitable online forex broker is what type of trading software the broker supports. Many brokers offer proprietary trading platforms to clients, while some rely on third-party platforms like MetaTrader 4 and 5 from MetaQuotes. The Best Swiss Forex Brokers If you're from Switzerland and looking for a reliable online forex broker, choose from among the well-regulated brokers shown below. These include Swiss-based online brokers like Dukascopy and Swissquote, as well as foreign brokers authorized and regulated by FINMA like Saxo Bank and IG Group. You can also choose among foreign brokers that are regulated abroad but still accept Swiss clients, such as FOREX.com, for example. If English is not your first language, then you will probably want to select a broker that has its website translated into your preferred language, as well as a customer service desk staffed with people who speak it. All of the Swiss brokers and most of the top foreign forex brokers already have their English websites translated into German, French or Italian. Remember that if a broker has established an office in Switzerland and is regulated by FINMA, then that would be ideal since that tends to make a broker act more responsibly because legal action can be taken against them in Switzerland. Litigating abroad can be challenging and cost you extra time and money to seek justice if problems arise. Choose the best forex broker by combing through all of your options. Here's a short list of some top online forex brokers to consider: 1. Forex.com Forex.com Access to Metatrader 4 & 5 as well as proprietary trading platforms. Consistently viewed as one of the best forex brokers worldwide. FOREX.com is a top broker with respect to client assets. While it may not be regulated by FINMA, it is regulated by the NFA and CFTC in the United States, in addition to the U.K., Australia, Canada, Japan, Singapore, Hong Kong, and the Cayman Islands. You can open a trading account at FOREX.com with just $250, and the broker allows micro lot trading for those wanting smaller trading amounts. The broker segregates client accounts from its own and offers an Islamic account option. The company has several desktop, mobile, and web-based platforms, including the popular MetaTrader 4 and 5 platforms from MetaQuotes. Clients also have access to its proprietary Advanced Trading Platform for desktops and its Web Trading platform for online trade execution. With respect to leverage, FOREX.com has a rather low (but safe) maximum leverage ratio of 50:1 available to clients trading currency pairs. You can visit the broker's official website for more information at FOREX.com. Open an account with Forex.com 2. Dukascopy Dukascopy is an ECN broker based in Geneva, Switzerland that adheres to strict regulation under FINMA. You can open a trading account with a rather substantial deposit of $5,000. The broker also segregates each client account from its own account and uses top-tier banks for extra security. It also supports PAMM for those who want to manage multiple accounts. Dukascopy's trading platform offerings include the popular MetaTrader 4 (MT4), as well as the brokers' own proprietary trading platform known as JForex. Mobile, desktop and web versions of both platforms are available. Note that just 41 currency pairs can be traded on an MT4 account and more than 600 assets can be traded via JForex. With respect to leverage, Dukascopy offers an average leverage ratio of 200:1 to Swiss clients trading currency pairs during business days, falling to only 60:1 during weekends and holidays. Visit the broker's official website for more information at Dukascopy.com. 3. Swissquote Swissquote is a market-making online broker and Swiss bank based in Gland, Switzerland with an office in Zurich that submits to strict regulation under FINMA. You can open a Swissquote trading account with a minimum initial deposit of $1, and the broker segregates each client account from its own for added security. Swissquote's supported forex trading platforms include the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms from MetaQuotes, as well as the brokers' own proprietary trading platform called AdvancedTrader. The broker also provides a useful Autochartist plugin that scans the markets to give automated trade alerts based on chart patterns, as well as volatility analysis and performance statistics. Mobile, desktop and web versions of both platforms are available which allow you to trade 130 financial instruments including currency pairs, precious metals, commodities, stock indices, and fixed income products. You can also take advantage of its robo-advisor feature if you wish to delegate management and diversification of your investment portfolio. With respect to leverage, Swissquote offers a rather conservative leverage ratio of 100:1 to Swiss clients trading currency pairs. You can visit the broker's official website for more information at Swissquote.com. 4. IG IG is a market-making contract for difference (CFD) broker based in London, England that submits to regulation by FINMA, as well as the U.K.'s FCA and other regulators. IG does not allow micro lot trading, and you can choose a limited risk account type to avoid losing more than your initial deposit. IG's minimum deposits depend on which branch you open an account with and the Swiss branch requires at least a CHF 5,000 deposit, and you will need to fund the account with sufficient margin to make the initial trade you desire. IG's supported trading platforms include MetaTrader 4, its proprietary IG platform and its web-based platform ProRealTime and its direct market access (DMA) platform L2 Dealer. Mobile, desktop and web platforms are all available with this broker. With respect to leverage, IG Group offers clients an average leverage ratio of 200:1 when trading currency pairs. You can also trade CFDs on indices, shares, and commodities. Visit the broker's official website for more information at IG.com. 5. Saxo Bank Saxo Bank is based in Copenhagen, Denmark so it remains subject to the EU's MiFID guidelines. The private bank is regulated by the Danish Financial Supervisory Authority (DFSA), and it also has a Swiss subsidiary called Saxo Bank AG that submits to regulation by FINMA. SaxoTraderPRO and SaxoTraderGO are the bank's proprietary trading platforms, although it no longer supports the popular MetaTrader 4 and 5 platforms from MetaQuotes, so that could rule out its use by many traders. Saxo Bank also allows trading in over 30,000 instruments, including forex pairs, binaries, CFDs, equities, futures and fixed income products via its proprietary SaxoTrader GO and PRO platforms. Nevertheless, the bank requires a high minimum initial deposit of $10,000 to open a live trading account, which may not be affordable for some retail traders. With respect to leverage, Saxo Bank offers a rather low ratio of only 100:1 when trading currency pairs. You can visit the bank's official website for more information at home.saxo. The Final Word If you live in Switzerland, choose a well-regulated broker that segregates clients' accounts from its own accounts and deposits with a top-tier bank. Regulation by FINMA is strong and highly recommended, while the NFA and CFTC also provide strict oversight. Select a forex broker if your margin deposit will be kept safe. Any trading gains will be promptly sent to you when asked. Research the client reputation ratings of each broker and check to see if account holders have any unresolved issues with the broker.

Key Forex Investment Strategies For 2019 - NuWire Investor Posted: 12 Feb 2019 12:00 AM PST The forex market, now standing at close to $3 trillion in trading per day, is one of the most lucrative markets to trade in. At the same time, risk mitigation is of utmost importance in order for traders to preserve their investments. For traders, it's all about strategy and knowing which route to follow in order to make a lasting impact on their wealth portfolio. While 2019 is already proving to be a remarkable year in terms of flexing strategies and testing trends with Brexit and G20, the volatility does mean that the forex traders who are able to get their pairs right, will stand to benefit the most of this year. Focus Your Pairs On World Events While EUR/USD and GBP/USD seem to be the most famous pairs, there are a few others worth looking at as the year progresses. For instance, the Malaysian King, Sultan Muhammad V has stepped down amidst unrest and rumors of being out of favor with his people. For the Malaysian government, this is a time to rally together as the new monarch is set to step up. During this period, forex traders are recommended to keep an eye on the political landscape as the Malaysian Ringgit is currently considered undervalued. 2019 Seems to be the year for the Ringgit to recover, but will largely depend on a favorable outcome in terms of the country's leadership. Online Forex Trading Is A Popular Option Gone are the days where investments in the stock markets or forex required consumers to go into their nearest bank or money transfer service. Nowadays, online platforms allow investors to open their share or currency portfolio online. According to ConnectFX (https://www.connectfx.org/no-deposit-bonus), traders can benefit from a whole range of incentives should they sign up online. Important to note is that traders should keep abreast of regulations and taxes to ensure their paperwork is always in order. Both forex and stock trading markets are highly regulated and it's important to ensure that the online platform has all the correct criteria to avoid disappointment. Another online trading niche that seems to attract investors is the crypto market. While this is often lumped in with currencies, cryptocurrency should actually be described as a commodity. Because there is a finite number of cryptocurrency units available, the price is determined by the demand. Investors are cautioned to do their research, as some cryptos have failed. Those who are interested but are concerned about the risk, should research the major currencies such as Bitcoin, Bitcoin Cash, Ethereum, and Ripple. Educate Yourself And Contain Your Emotions While politics already seem to hot up forex trading, events such as natural disasters, famine, and war also affect forex trading. A vital component to successful trading includes gaining sufficient knowledge of the markets while being able to make the trades without becoming emotionally overwrought when the markets shift. This is because the emotional response often has traders sell too soon, where investment is often considered a long-term strategy. Proper education is the game changer here, as the educated trader will know whether they're holding on to a currency pair that is not in their favor, even in the long run. While 2019 looks to be an interesting year for forex, it's important to keep abreast of trends and market shifts to ensure trading goes well. For investors, the important thing to remember is that investments carry risk and with each investment, investors should be prepared to lose part or all of it. Share This:

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