Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025
We’ve personally tested and ranked the top brokers regulated by the Swiss Financial Market Supervisory Authority (FINMA), ensuring high standards of trust and reliability.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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3Founded in 1996, Swissquote is a Swiss bank and broker offering online trading with three million products, including forex, CFDs, futures, options, and bonds. Known for its reliability, Swissquote has built a strong reputation with innovative trading solutions, such as being the first bank to offer crypto trading in 2017 and recently introducing fractional shares and the Invest Easy service.
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4Saxo Markets is a renowned trading brokerage, investment firm and bank. It offers over 72,000 trading instruments, investment products, and managed portfolios, ensuring ample opportunities for clients. It operates under the regulation of more than ten agencies including FINMA, FCA & ASIC, thus providing the best protection. The firm is well-known for its transparent pricing.
Compare the Best FINMA-Regulated Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai & TWS API | ✓ | ✗ | |
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✓ | ✓ | $100 | 0.01 Lots | 1:200 | ✗ | FINMA, JFSA, FCMC | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN | Yes (EAs & FIX APIs) | ✗ | ✗ | |
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✓ | ✓ | $1,000 | 0.01 Lots | 1:100 (Retail), 1:400 (Pro) | ✗ | FCA, FINMA, CSSF, DFSA, SFC, MAS, MFSA, CySEC, FSCA | CFDs, Forex, Stocks, Indices, Bonds, Options, Futures, ETFs, Crypto (location dependent) | CFXD, MT4, MT5, AutoChartist, TradingCentral | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, CHF, HKD, SGD, PLN, AED, SAR, HUF, THB, QAR, MXN | Expert Advisors (EAs) on MetaTrader and FIX API solutions | ✓ | ✗ | |
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✓ | ✓ | ✗ | Vary by asset | 1:30 | ✗ | DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | TradingView, ProRealTime | USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF | ✗ | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
|
✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
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✗ | ✗ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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SaxoTraderGo (iOS, Android, Windows) | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $0 | $100 | ✓ | ✗ | ||
|
✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $1,000 | 0.01 Lots | ✓ | ✗ | ||
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✓ | ✗ | Vary by asset | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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Yes (EAs & FIX APIs) | ✗ | ✓ | ✗ | ✗ | 1:200 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader and FIX API solutions | ✗ | ✓ | ✓ | ✗ | 1:100 (Retail), 1:400 (Pro) | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:30 | ✗ | ✓ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
|
✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
|
✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
|
✓ | USD: 1.75%, GBP: 2%, EUR: 1.5%, CHF: 0.75% | ✓ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ |
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✓ | USD: 4%, GBP: 3.9%, EUR: 2.6% | ✓ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | CHF 100 | 0.1 | 0.1 | 0.1 | |
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✗ | $0 | N/A | 1.3 | 71 BTC (Prime Account) | |
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✗ | ✗ | 0.10% (subject to min commission) | 0.2 (varies by region) | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Financial Market Supervisory Authority (FINMA) Regulated Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Interactive Brokers |
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| Saxo Bank |
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| Dukascopy |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
- IBKR, primarily designed for skilled traders, has expanded its appeal recently by eliminating its initial $10,000 deposit requirement.
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
Cons
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- Dukascopy offers top-notch research, including a professional TV studio in Geneva for financial news, market analysis, and daily expert insights.
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
Cons
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
Why Trade With Swissquote?
Swissquote is a great option for active traders seeking a customizable platform, like its CXFD that includes Autochartist for automated chart analysis to assist trading decisions. However, its average fees and high $1,000 minimum deposit may be less accessible for beginners.
Pros
- Swissquote offers advanced research tools such as Autochartist for technical analysis and real-time news integration from Dow Jones. Their proprietary Market Talk videos and Morning News reports provide daily expert analysis, which is attractive to active traders.
- Swissquote caters to fast trading strategies like scalping and high-frequency trading, offering 9ms average execution speeds, a 98% fill rate, and FIX API.
- Swissquote offers robust platforms for trading, including MetaTrader 4/5 and its proprietary CFXD (formerly Advanced Trader). These platforms provide customizable layouts, advanced charting tools, and technical indicators, all of which performed well in testing.
Cons
- Swissquote mainly serves professional and wealthy clients, requiring high minimum deposits like $1,000 for Standard accounts. This makes it less suitable for smaller traders, who might prefer brokers offering higher leverage and no minimum deposit.
- Analysis indicates Swissquote has relatively high fees, with forex spreads starting at 1.3 pips on Standard accounts, whereas Pepperstone and IC Markets offer 0.0 pips. Transaction fees for non-Swiss stocks and ETFs can increase costs for frequent traders.
- Unlike brokers like eToro, which offer social trading features, Swissquote lacks tools for community interaction or copying successful traders. This limits its appeal for those who value peer learning.
Why Trade With Saxo Bank?
Saxo is ideal for frequent traders and large-scale investors due to its extraordinary range of tools, high-quality market research, and fee discounts. Moreover, its offering of 190 currency pairs with narrow spreads makes it suitable for forex traders.
Pros
- High-quality learning materials like podcasts, webinars, and expert videos are available for traders.
- A reputable and strictly regulated brand from Switzerland.
- Sophisticated proprietary trading platforms with extensive charting options and advanced analytical tools.
Cons
- The trading accounts require substantial funding.
- To view Level 2 pricing, a subscription is necessary.
- Do not accept clients from certain regions, specifically the US and Belgium, for trading activities.
Filters
How BrokerListings.com Selected the Top FINMA Brokers
To identify the best brokers regulated by FINMA (the Swiss Financial Market Supervisory Authority), we followed this process:
- Regulatory Verification – We confirmed each broker’s license through FINMA’s official register, ensuring they meet Swiss financial market regulations and comply with high standards for transparency, solvency, and client asset protection.
- Comprehensive Broker Analysis – Using our proprietary rating framework, we assessed over 200 data points, covering platform stability, pricing, available trading tools, and quality of customer support.
- Hands-On Testing – We really tried each FINMA broker, ensuring it delivers not only strong regulatory safeguards, but also the execution speed, reliability, and features active traders expect.
What Is FINMA?
Switzerland’s financial markets industry is closely monitored by the Financial Market Supervisory Authority (FINMA). Set up in 2009, it establishes the regulations that sector participants must adhere to, and supervises behavior by brokerages, banks, insurance providers, stock exchanges and financial intermediaries.
According to its website, the authority “is mandated to protect financial market clients – creditors, investors and policyholders – and is responsible for ensuring that Switzerland’s financial markets function effectively.”
FINMA will carry out enforcement actions when it deems that regulations have been breached. It is also responsible for issuing licenses allowing individuals and companies to offer financial services.
Investors can expect high levels of protection when using FINMA-authorized brokerages. This is reflected by its Category A status under BrokerListings’ broker regulator classification system.
What Powers Does FINMA Have?
Using powers granted under legislation including the Financial Market Supervision Act (FINMASA), the authority “investigates irregularities and information it receives about violations and, if necessary, initiates enforcement proceedings in accordance with the Administrative Procedure Act (APA).”
It works with other Swiss and overseas authorities to enforce violations of financial market laws. Its powers include:
- Implementing precautionary measures, such as appointing investigating agents, preventing individuals from buying more shares or exercising voting rights, and allowing companies in danger of insolvency to continue.
- Withdrawing the authorization of individuals and companies to do business.
- Confiscating profits that have been earned unlawfully.
- Restricting a firm’s business activities either permanently or temporarily.
- Issuing ‘cease and desist’ orders banning individuals and legal entities for serious violations.
- Ordering companies to change the members of its management team.
- Forcing unauthorized companies to liquidate.
Tip: Unlike most regulators, FINMA does not have the power to issue financial penalties. Instead, its enforcement framework is designed to prevent breaches of regulations and to ensure that the country’s laws are being followed.
In one high profile case in September 2024, FINMA found that Mirabaud & Cie had breached anti-money laundering rules by “[failing] to review and document sufficiently the economic background of client relationships and transactions.”
The regulator confiscated 12.7 million Swiss francs (CHF) of what it deemed to be “unlawfully generated profits,” and banned the bank from accepting new clients with increased money-laundering risks until it became compliant with the law.
FINMA also opened enforcement proceedings against three individuals connected to the case.
What Rules Must A FINMA Broker Follow?
The rules that securities firms must follow are laid out across a wide range of laws. These include the Financial Services Act (FinSA), the Financial Institutions Act (FinIA), the Swiss Banking Act (BA), and the Anti-Money Laundering Act (AMLA).
Among the many requirements imposed by these laws, brokers must:
- Execute trades in a fair and transparent manner, and in a way that strives for the best possible result for the client.
- Collect enough information to ensure that the products and services they offer are appropriate and suitable for the customer.
- Fully disclose the risks associated with the securities discussed.
- Establish procedures to avoid conflicts of interest. If such conflicts cannot be averted, the broker must advise the customer of the risks involved.
- Hold sufficient starting capital (i.e. a minimum of CHF 1.5 million).
- Be based and managed in Switzerland.
- Sign up to the Swiss insurance scheme (esisuisse). This protects traders against losses of up to CHF 100,000 should the broker experience insolvency problems.
- Implement effective internal controls and separate different business units (like asset management, trading and settlement).
- Adhere to anti-money laundering rules. These include preventative measures like verifying clients’ identities, conducting staff training and reporting suspicious activity.
How Can I Check If A Brokerage Is FINMA Regulated?
The regulator helpfully provides a directory that allows individuals to check whether a financial services provider is licensed to trade.
Let’s say I wish to check the regulatory status of Dukascopy. I can head over to the ‘Authorized companies’ page on its website, where I can type the company’s name into the search bar.
Dukascopy’s entry on the FINMA search directory. Source: FINMAMy search reveals where the company is registered, and confirms that it is authorized as a bank. This directory is regularly updated, meaning I can rely on timely, accurate information.
Further down the page, FINMA provides comprehensive lists of registered entities like banks, securities firms, asset managers and insurance companies that I can consult.
As you can see, Dukascopy’s regulatory status is confirmed in the ‘List of banks and securities firms authorized by FINMA’ document.
Dukascopy’s entry on the spreadsheet of authorized banks and securities firms. Source: FINMA
Tip: Alongside its directory of authorized firms, FINMA keeps a ‘Warnings’ page updated on its website. Here I can check to see if the brokerage I’m considering using is conducting unauthorized services and if it has regulatory approval to trade.
The warnings page on the FINMA website. Source: FINMA
Bottom Line
Protected by a broad range of Swiss laws, individuals who use FINMA-authorized brokers can expect excellent levels of service.
The first port of call for any investor should be to verify that the company they’re considering is listed in the regulator’s online directory of authorized securities firms.
Article Sources
Financial Market Supervisory Authority (FINMA)
Questions and Answers (FAQ) – esisuisse
Swiss watchdog seizes £11m from Mirabaud in laundering case – Sharecast
Authorisation requirements for securities firms – FINMA
Authorisation – gaining entry to the financial market – FINMA