Company: –
Swiss Forex Brokers(FINMA)
- About FINMA
- FINMA(founded in June 2007) is Switzerland’s financial-markets regulator. (FINMA in English: The Swiss Financial Market Supervisory Authority; German: Eidgenössische Finanzmarktaufsicht; French: Autorité fédérale de surveillance des marchés financiers; Italian: Autorità federale di vigilanza sui mercati finanziari)
- It supervises banks, insurance companies, exchanges, securities dealers, collective investment schemes, and their asset managers and fund management companies. It also regulates distributors and insurance intermediaries.
- Deposit protection: If a bank or securities dealer authorised by FINMA goes bankrupt, clients will be able to get their funds back. (The Maximum is CHF 100,000 for each client)
- FINMA authorisation
- Banks and securities dealers in Switzerland must be licensed by FINMA. Financial institutions that are insufficiently organised, fail to disclose their ownership structure or have a dubious reputation will not be authorised by FINMA.
- Check whether an individual, a company or a financial product is authorised on this page: https://www.finma.ch/en/finma-public/authorised-institutions-individuals-and-products/
- FINMA is institutionally, functionally and financially independent from the central federal administration and the Federal Department of Finance and reports directly to the Swiss parliament
- Institutional independence. FINMA was established as a public law institution in its own right.
- Functional independence. FINMA is functionally independent of Switzerland’s political authorities, neither Swiss Parliament nor the government can issue directives on how it carries out its regulatory duties.
- Financial independence FINMA is financed not by the taxpayer, but by the levies and fees it charges for its supervisory work. FINMA’s accounts are audited by the Swiss Federal Audit Office.
- FINMA’s objective
- Protect the functioning of the financial markets, ensure that the institutions under FINMA supervision remain solvent
- Protect all clients of financial institutions against institutional insolvency, disreputable business practices and to ensure equitable stock exchange execution. Claims filed by individual clients cannot be decided by FINMA. They must be settled through civil-law proceedings, or by an ombudsman in an arbitration procedure.
- Enhance the competitiveness and reputation of the Swiss financial marketplace.
Swiss authorised brokers list
Most popular Swiss authorised brokers: Dukascopy (Suisse) SA(Visit)
| Broker | Type | Country | Regulation | Mini account | Max leverage | Minimal Lot | Spreads |
|---|---|---|---|---|---|---|---|
| Dukascopy (Suisse) SA(Visit) | ECN | Switzerland | FINMA, ARIF, KPMG, SCF Revision SA, is a licensed bank | $5000 (Swiss) | 100 | 0.01 | variable |
| Swissquote Bank(Visit) | STP | Switzerland | FINMA, E&Y, SGS, CCIG, ACI, KPMG | $2,000 | 100 | 0.1 | – |
| CIM Bank(Visit) | ECN & STP | Switzerland | SBA, FINMA, is a licensed bank | $5,000 | 100 | 0.1 | variable |
Dukascopy Bank SA
Company: Dukascopy Trading Technologies Corp.
Note: Dukascopy Bank SA (In Switzerland) is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer. Dukascopy Europe(in Latvia) is not regulated as a bank or a securities dealer and is not regulated by FINMA.
CornerTrader
Company: Cornèr Bank Ltd.
Swissquote Bank
Company: Swissquote Group–