Swiss Financial Market Supervisory Authority (FINMA)

The world famous Banking and Financial center Switzerland as a result of its valuable positions and the increasing popularity together with volumes of the Trading merged together few regulatory organizations. This step was done in order to supervise operations and function properly within the Swiss economical system, as well as enable integrity between all parties.

# Forex Broker Year Regulator
1 Swissquote Swissquote 1996 DFSA, FINMA, SFC
2 Dukascopy Dukascopy 1998 FCMC, FINMA, FSA

Overall, with its one of the strictest regulations, FINMA Regulated Forex Brokers ensuring there are no unnecessary risks taken, along with ultimate client’s and funds protection, which the Swiss system is noted in. In addition, the independent constant monitor of the financial market players protects from frauds or any abuse within the Swiss offerings, yet applies only to regulated brokers unlike the other unscrupulous companies.

How to Verify FINMA Authorisation

To identify if a forex broker is regulated by FINMA, the first step is to identify the name of the entity from the disclosure text on the broker's homepage. For example, here's the key disclosure text from Swissquote's website.

Swissquote holds a banking license issued by its supervisory authority the FINMA.
Next, look up the firm on the list of supervised institutions listed on FINMA's website to validate the firm's current regulatory status. Here is the official FINMA page.

Still not sure which broker? For a tailored recommendation, you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Swiss watchdog warns against binary options broker Bloombex

Swiss watchdog warns against binary options broker Bloombex

Bloombex, which operates through the websites www.bloombexonline.com and www.bloombex-options.com, is a broker offering binary options trading services that has been warned against by several industry regulators across the globe on account of it being an unregulated entity. Such regulators ...…

Published: Thursday 29 October, 2015