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Eight platforms cover almost every situation a Swiss resident will face. This page ranks them on what they actually charge, checked against each provider’s own pricing page on 6 August 2026, then shows the platforms I deliberately do not rate.
The best online trading platforms in Switzerland, ranked
These eight are ranked on cost and on how well they suit a Swiss resident buying shares and ETFs for the long term, which is why a FINMA licensed Swiss bank with a Swiss tax statement can sit above a cheaper foreign broker. Every figure below comes from the provider’s own pricing page, with the source links at the foot of this page. Fees checked against each platform’s own pricing page in August 2026.
| Provider | What a trade costs | Ongoing cost | My take |
|---|---|---|---|
 Interactive Brokers Founded 1978 ★ 4.8 Market leader Open account Read my review |
CHF 5.00On a CHF 10,000 SIX order. 0.05%, minimum CHF 1.50, capped at CHF 49. US markets from USD 0.35 | CHF 0No custody fee. Currency conversion 0.002% | The cheapest all-round broker here: only Trading 212 beats it on commission, and nothing comes close on currency conversion. Built for professionals, so the first hour is confusing. Your account sits with Interactive Brokers (U.K.) Limited, not a Swiss bank. |
 Swissquote Founded 1996 ★ 4.7Swiss bank |
CHF 3Up to CHF 500, rising to CHF 29 above a CHF 2,000 order. Add CHF 0.85 a transaction | CHF 86A year on a CHF 50,000 portfolio, including VAT | A FINMA licensed Swiss bank with a Swiss IBAN and a Swiss tax statement. Since March 2026 fees are shown in CHF and the fee itself converts at the interbank mid-rate; exchanging your francs for a trade still costs 0.95%.Reader offer. CHF 100 trading credit with code MKT_INVESTINGHERO. New clients; enter it when you open the account. Credited after a first deposit of CHF 1’000. |
 eToro Founded 2007 ★ 4.5Best for beginners |
CHF 0No commission on ETFs at all. Individual shares cost USD 1 a side | CHF 0No custody fee, but there is no CHF account, so francs convert at about 1% each way | The easiest account here to open. Free ETF trades look unbeatable until you count the currency conversion, roughly 1% in and 1% out on a bank transfer. |
 Saxo BankFounded 1992★ 4.5Cheapest SwissOpen accountRead my review |
CHF 8.00On a CHF 10,000 SIX order. 0.08%, minimum CHF 3. US markets 0.08%, minimum USD 1 | CHF 0No custody fee, free Swiss e-tax statement. Currency conversion 0.25% | The cheapest FINMA licensed bank here, with no custody fee and a free Swiss tax statement. A percentage commission with no cap makes a large single order dearer than the flat fee brokers, and there are no US ETFs. |
 neon invest neon, accounts at Hypothekarbank Lenzburg★ 4.2 |
0.5%Of the order, on Swiss shares and all ETFs, minimum CHF 1. International shares 1%. Selected ETFs trade at 0% inside the investment plan | CHF 0No custody fee and no exchange fee, and currency exchange is free | A free monthly plan on a global ETF is a genuinely remarkable thing to find in Switzerland, and free currency exchange is close to unheard of. Read the rating in context: the universe is about 490 assets, against tens of thousands at Interactive Brokers or Swissquote. This is an app for buying a few mainstream ETFs every month, not a broker you can hold a whole portfolio at. Check your ticker is on the list first, and note the 0.5% starts to lose to flat fees once the balance runs into the tens of thousands. |
 Yuh InvestYuh, securities held at Swissquote Bank★ 4.2Open accountRead my review |
0.5%Of the order up to CHF 10,000, then 0.35% to CHF 20,000 and 0.25% above, minimum CHF 1. 31 ETFs and ETPs trade at 0% in a savings plan | CHF 0No custody fee. Currency exchange 0.95%. Swiss tax statement CHF 25 | Fractions of everything from CHF 10 and a free monthly plan on a world ETF, with your securities held at Swissquote Bank. Read the rating in context: about 250 shares and 70 ETFs, against tens of thousands at Interactive Brokers or Swissquote. Pick the franc version of a fund, because the 0.95% currency charge costs more than the trade, and know that nothing can be transferred out: leaving means selling. Like neon invest, the 0.5% starts to lose to flat fees once the balance runs into the tens of thousands.Reader offer. CHF 50 trading credit with code YUHINVESTINGHERO. New clients; credited after a first deposit of CHF 500 in one transfer. |
 DEGIRO Founded 2013★ 4.0 |
CHF 6On SIX, whatever the size. Core Selection ETFs cost EUR 1 all in. US shares EUR 2 | CHF 0No custody, inactivity or withdrawal fee. Currency conversion 0.25% | The sweet spot between price and usability. Flat, predictable pricing and a clean app. Not a Swiss bank. |
 Trading 212Trading 212 EU GmbH, supervised by BaFin★ 4.0Read my review |
CHF 0No commission on shares or ETFs, including ETFs listed on SIX in francs. Currency exchange 0.15% | CHF 0No custody fee and no Swiss stamp duty. No interest on francs | The cheapest place here to buy an ETF: nothing on a franc ETF listed on SIX, and fractions from CHF 1 in automatic Pies. Open the Invest account only. The same app sells CFDs from its main menu, and 77% of its retail CFD accounts lose money. Your account sits with Trading 212 EU GmbH in Germany, not a Swiss bank, and there is no Swiss tax statement. |
Fees verified against each provider’s own pricing page on 6 August 2026. A trade on SIX is priced on a CHF 10,000 order except where a flat fee applies. Swiss banks and Swiss securities dealers also collect Swiss stamp duty on top of the fees above, which foreign brokers generally do not. See my guide to Swiss taxes for how that works.
My picks
Nothing else available in Switzerland comes close on all-round cost, and the gap widens the longer you hold. Accept that the first session is bewildering and that your money sits with a UK entity rather than a Swiss bank. If you are buying a global ETF once a quarter and holding it for twenty years, this is the account.
A real Swiss bank, a Swiss tax statement at the end of the year, and support in your own language. It is not the cheapest and the custody fee is real, but for a lot of people the reduction in friction is worth CHF 86 a year. Note that converting francs for a foreign trade still costs 0.95%, so the gap on foreign trades remains real.
Reader offer. CHF 100 trading credit with code MKT_INVESTINGHERO after a first deposit of CHF 1’000.
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Which is the best broker in Switzerland for your situation
| What you are doing | Where I would go | Why |
|---|---|---|
| Buying a global ETF once or twice a year and holding it | Interactive Brokers | Near-zero trade cost, no custody fee, and the cheapest currency conversion by a wide margin |
| Buying a global ETF every month with CHF 200 to CHF 500 | neon invest, Yuh or Trading 212 | All three let you buy ETFs on a recurring plan at 0%, which beats paying any flat fee on a small order. Trading 212 has the widest choice, but no Swiss tax statement |
| You want a Swiss bank, a Swiss IBAN and a Swiss tax statement | Swissquote or Saxo Bank | The two FINMA licensed banks in the main table. Swissquote charges 0.95% for currency exchange but keeps 3a, savings and cards in the same place. Saxo is far cheaper to hold, with no custody fee and a free e-tax statement, but charges 0.25% on currency and offers no US ETFs |
| You already bank with Zak and buy a Swiss ETF now and then | Zak Invest | No new account, and a CHF 5,000 SIX trade costs CHF 12.50. But custody runs at 0.25% a year plus VAT, about CHF 135 on CHF 50,000, the highest custody fee on this page. Not rated yet; the fees are in my Zak review |
| Your first ever share purchase and you want it to feel easy | eToro | The gentlest onboarding of the eight, with no commission on ETFs. Budget for the currency conversion |
| Buying individual US shares regularly | Interactive Brokers or DEGIRO | USD 0.35 and EUR 2 respectively, against CHF 3 and up at Swissquote once the trade grows |
| Trading with leverage or on margin | None of them, for most people | See the section on CFD platforms below before you go near this |
What a trade costs on each trading platform in Switzerland
Buying CHF 10,000 of an ETF listed on SIX
The same order, priced at each provider using its published rates. This is the number that decides which account you should open, and it is the number almost no comparison table shows you.
Now hold that position for a year. Trading 212, Interactive Brokers, DEGIRO, Saxo, neon and Yuh all charge nothing to keep it. Swissquote charges CHF 20 a quarter on a portfolio up to CHF 50,000, which is CHF 86.48 a year once you add 8.1% VAT.
Over ten years of buying once a year, that is roughly CHF 50 at Interactive Brokers, CHF 60 at DEGIRO and CHF 1,163 at Swissquote once custody is counted. The trade fee was never the expensive part.
Figures exclude Swiss stamp duty, which Swiss securities dealers collect and foreign brokers generally do not, and exclude the fund’s own ongoing charge, which you pay wherever you buy.
The table above prices an ETF trade. Individual shares are priced differently, and the ranking changes. Trading 212 charges no commission at all, only 0.15% when it converts your francs. Interactive Brokers charges from USD 0.35 on US markets, DEGIRO EUR 2, and Saxo 0.08% with a USD 1 minimum. Swissquote starts at CHF 3 and rises to CHF 29 once the order passes CHF 2,000. If you buy single shares regularly rather than one ETF a quarter, that gap compounds faster than the custody fee does.
The platforms I do not rate, and why
⚠ CFDs are a different product, and I do not rate them
A contract for difference is not a share. You do not own anything, the position is leveraged, and it is built to be opened and closed quickly rather than held for years. Leverage cuts both ways: a small move against you can wipe out the whole position.
The firms selling them publish the outcome themselves. Pepperstone discloses that 72.9% of its retail investor accounts lose money. IG discloses 69%. Those are regulated disclosures the firms are required to make, not my estimate, and every ESMA-regulated provider publishes a number in that range.
There is a second problem that is specific to Switzerland, and it is the one almost nobody mentions. Because Switzerland sits outside the EU, several of these firms serve Swiss residents through offshore entities that are not required to publish that percentage at all. Open Plus500 from a Swiss address and your counterparty is Plus500SEY Ltd, regulated by the Seychelles Financial Services Authority. The loss figure a British or German customer is shown by law simply is not shown to you.
So platforms whose business is mostly CFDs, including XTB, Plus500, Libertex, IG, Tickmill, AvaTrade, Pepperstone, CMC Markets, easyMarkets, Admiral Markets, FXTM and Darwinex, carry no rating here. I have not tested them, and a star rating not backed by a review is worth nothing. Trading 212 used to be on this list. Its Invest account, which buys real shares and ETFs, now has a full review and a place in the table above. Its CFD account is still not something I rate.
If you are going to test the water, do it somewhere proven
eToro sells CFDs too, so this is not a clean recommendation and I am not going to pretend otherwise. But it is the one platform in this corner of the market I have used myself and would point a beginner towards. The share and ETF side of the business is real rather than a shop window, the account is genuinely easy to open, and social trading was an actual innovation rather than a gimmick. If you want to experiment, do it there rather than with an offshore entity you had never heard of until today.
Online trading in Switzerland: the basics
What is a broker?
A broker is the company that holds your securities account and places your orders on an exchange. You cannot buy a share or an ETF directly from the stock exchange yourself: the broker is the licensed member that does it for you, settles the trade, keeps the securities in custody in your name, and reports what you hold for your tax return.
In Switzerland a broker charges you in three places. A commission per trade, which on a CHF 10,000 ETF order on SIX runs from nothing at Trading 212 and CHF 5.00 at Interactive Brokers to CHF 29.85 at Swissquote. A currency conversion spread when you buy something priced in dollars or euros. And the federal stamp duty of 0.075% on Swiss securities and 0.15% on foreign ones, which Swiss securities dealers collect for the tax office and foreign brokers generally do not.
Online trading means buying and selling securities yourself through a platform, rather than paying a bank or an adviser to do it for you. In Switzerland that shift has been dramatic. A trade that cost CHF 40 at a high street bank fifteen years ago now costs between nothing and CHF 6 at the brokers in the table above, and you can open an account from your phone in under fifteen minutes.
Two things are worth being clear about before you start. The first is that a trading account and an investment strategy are not the same thing. Choosing the cheapest broker is a solved problem, and this page solves it. Deciding what to buy is the hard part, and the evidence there is uncomfortable: most people who actively buy and sell individual shares underperform a plain global index fund over any long period. If you have not read it yet, start with my guide to investing in Switzerland.
The second is that if you have not filled your pillar 3a for the year, that is almost certainly a better use of the money than a taxable brokerage account, because the contribution comes off your taxable income. Trading accounts are what you use after 3a is full, not instead of it. And if you would rather not pick anything at all, a robo advisor will build and rebalance a portfolio for you.
What’s the easiest way to start online trading in Switzerland?
Five steps, in order. This takes an evening, not a weekend.
- Fill pillar 3a first if you have not. The tax deduction is a guaranteed return that no trade will beat. Only once that is done should money go into a taxable brokerage account.
- Pick one broker from the table above. Interactive Brokers if cost is what matters, Swissquote if you want a Swiss bank, neon or Yuh if you are investing a few hundred francs a month. Do not open three accounts to compare, it just triples the paperwork.
- Open the account and verify your identity. All of them do this digitally now, with a passport or ID card and a video or photo check. Expect somewhere between fifteen minutes and two working days before you can trade.
- Transfer the money and watch the currency. This is where beginners lose the most. At eToro there is no CHF account, so francs convert on the way in and again on the way out. At Interactive Brokers convert deliberately rather than letting the platform do it automatically. At neon it is free.
- Buy one broad global ETF and then leave it alone. One fund covering thousands of companies across dozens of countries is a complete portfolio for most people. Set up a monthly buy if your platform supports one, and stop checking the price daily.
If step five sounds too simple to be right, that is rather the point. My course works through exactly this, from the first transfer to a portfolio you do not have to think about.
Six steps, and the whole thing takes about twenty minutes of setup plus a few minutes per trade.
- Open a securities account. Pick a broker from the table above and register online. You need proof of identity and a Swiss address, and the account is usually ready within one to three working days.
- Transfer francs into it. A normal bank transfer to the account details the broker gives you. Nothing can be bought until the money has landed.
- Find the share by its ticker or ISIN. Nestle is NESN on SIX, Apple is AAPL on the Nasdaq. Check which exchange you are buying on, because the same company can be listed in several places and in several currencies.
- Choose the order type. A market order fills at whatever the next available price is. A limit order fills only at your price or better, and can sit unfilled. For anything outside the largest, most heavily traded names, use a limit.
- Check the full cost before you confirm. The commission, the exchange rate if the share is not priced in francs, and the federal stamp duty of 0.075% on Swiss and 0.15% on foreign securities, which Swiss brokers collect and foreign ones generally do not.
- Confirm, then leave it alone. The shares appear in your account within a couple of days and stay registered in your name. Your broker sends a statement each year for your tax return.
Buying one share at a time is rarely the cheapest way in. On a CHF 10,000 order the commission ranges from nothing at Trading 212 to CHF 29.85 at Swissquote. On a CHF 500 order the flat fees eat up to 6% of what you invested before the price has moved at all. If you are investing small amounts monthly, a savings plan on an ETF with no commission on recurring buys costs less than picking shares by hand.
What should you look for in an online broker in Switzerland?
Six things, roughly in order of how much money they will cost you.
- The currency conversion, not the trade fee. Buying a US listed ETF means turning francs into dollars. At Interactive Brokers that costs 0.002%. At eToro on a bank transfer it is about 1%, which on CHF 10,000 is CHF 100 against roughly CHF 2. That single line swamps every commission on this page.
- Whether there is a custody fee. A percentage or flat fee charged every year simply for holding your shares. Seven of the eight providers here charge nothing. Swissquote charges CHF 86.48 a year on CHF 50,000 including VAT. Over a decade that is the difference between the cheapest and the most expensive account.
- Whether the fee is flat or a percentage. A percentage fee is cheap on CHF 500 and painful on CHF 50,000. A flat fee is the reverse. neon and Yuh win on small monthly amounts, the flat fee brokers win as soon as the balance grows.
- Who actually holds your money. Only Swissquote and Saxo Bank in the main table are FINMA licensed Swiss banks. Yuh is not a bank itself, but holds your securities at Swissquote Bank. Interactive Brokers serves Swiss residents through Interactive Brokers (U.K.) Limited, regulated by the FCA under reference 208159. Trading 212 serves them through Trading 212 EU GmbH, supervised by BaFin in Germany. That is not a reason to avoid them, but it is worth knowing rather than assuming.
- Whether the products you want are actually available. neon invest lists about 490 assets. If the specific ETF you have chosen is not on the list, the fee comparison is irrelevant.
- What the platform makes its money from. If a provider’s own risk warning says most of its clients lose money, that tells you what the product is optimised for, whatever the app looks like.
Final thoughts
The honest summary of this page is that broker choice matters less than people think, and currency conversion matters far more. Any of the eight brokers above will do the job. The difference between the cheapest and the most expensive on a CHF 10,000 trade is about CHF 50, which is real but is not going to change your life. The difference between converting francs at 0.002% and at 1%, repeated over years of contributions, absolutely will.
What will change your outcome is filling pillar 3a before you fund a taxable account, buying something broad and boring, and then not touching it. The platform is plumbing. Pick one, and spend your attention on the parts that compound.
If you are looking at related decisions, I also compare robo advisors for people who would rather not choose anything themselves, and crypto platforms for Swiss residents.
Thanks for reading,
Mr. IH
Common questions
Which is the best trading platform in Switzerland in 2026?
On all-round cost, Interactive Brokers: 0.05% on a SIX trade with a CHF 1.50 minimum, no custody fee, and currency conversion at 0.002%. If you would rather deal with a Swiss bank that gives you a Swiss IBAN and a Swiss tax statement, Swissquote, which shows its fees in CHF; the currency exchange for a trade costs 0.95%.
What is the cheapest broker for Swiss residents?
On commission, Trading 212: nothing on shares and ETFs, including ETFs listed on SIX in francs, where a CHF 10,000 trade costs CHF 5.00 at Interactive Brokers, CHF 6.00 at DEGIRO, CHF 29.85 at Swissquote and CHF 50.00 at neon invest or Yuh. On all-round cost Interactive Brokers still wins: its currency conversion costs 0.002% against 0.15%, and it covers far more markets. Neither charges custody, which over a decade matters more than the trade fee does.
Which is the best trading app in Switzerland with no fees?
Close to it. neon invest charges 0% on selected ETFs bought through its investment plan, including a global Vanguard FTSE All-World fund, and its currency exchange is free. Yuh makes recurring buy orders on eligible ETFs free, though you still pay when you sell. For a few hundred francs a month, both beat every flat fee broker on this page. Trading 212 charges no commission on anything in its Invest account, but it is a German-supervised broker with no Swiss tax statement and CFDs in its menu.
Do I need a Swiss broker, or can I use a foreign one?
You can use a foreign one, and many Swiss residents do. The practical differences are that a Swiss bank gives you a Swiss IBAN, support in your language and a tax statement formatted for your cantonal return, and that Swiss securities dealers collect Swiss stamp duty which foreign brokers generally do not. Your assets are held separately from the broker’s own money in either case, but the compensation scheme that applies is not the Swiss one. Check where your provider is licensed before you decide.
How much does it cost to buy an ETF in Switzerland?
Between nothing and about CHF 50 on a CHF 10,000 order, depending entirely on where you buy it. DEGIRO’s Core Selection ETFs cost only a EUR 1 handling fee. eToro charges no commission on ETFs at all. neon invest and Yuh charge nothing on selected ETFs bought through a plan. On top of whatever the broker charges, you pay the fund’s own ongoing charge, which is the same wherever you buy.
Are CFD platforms like Plus500 or XTB worth using?
Not for building wealth, no. A CFD is a leveraged bet on a price rather than ownership of a share, and the firms selling them publish the outcome themselves: Pepperstone discloses that 72.9% of its retail investor accounts lose money, and IG discloses 69%. Worse, because Switzerland sits outside the EU, some of these firms serve Swiss residents through offshore entities that never have to show you that number at all. If you want to own companies and hold them, use one of the eight brokers at the top of this page instead.
Should I use a trading account or a robo advisor?
A trading account if you are willing to choose a fund and place the order yourself, which will always be cheaper. A robo advisor if you would rather someone built and rebalanced the portfolio for you, which typically costs somewhere between 0.4% and 0.9% a year. Neither is wrong. See my robo advisor comparison if the second sounds more like you.
Capital gains on private wealth are generally not taxed in Switzerland, which is unusually generous. You do pay income tax on dividends, and your holdings count towards cantonal wealth tax. Swiss securities dealers also collect stamp duty on transactions. My guide to Swiss taxes covers how this works in practice, and I am not a tax adviser, so check anything material with one.
Which is the best trading website for Swiss residents?
The same eight names, because the website and the broker are the same thing. Interactive Brokers is the cheapest all-round, Swissquote and Saxo Bank are the two FINMA licensed Swiss banks here, DEGIRO sits between them on price, neon invest and Yuh are the simplest apps, Trading 212 charges no commission, and eToro is the gentlest place to open a first account. What separates them is cost and licensing, not the quality of the site.
Who is the best broker in Switzerland for beginners?
eToro if you want the account open tonight with no commission on ETFs, provided you budget for the currency conversion of roughly 1% each way. Swissquote if you would rather start with a Swiss bank, a Swiss IBAN and a tax statement that matches your cantonal return. Both are more forgiving than Interactive Brokers, which is the cheapest all-round here and also the most confusing on the first evening.
Sources.
Full reviews of every broker on this page
Each review shows the fee schedule in full, what it costs on a real trade, and who the broker suits.
- Interactive Brokers review: the cheapest all-round account available here, and the least friendly
- Swissquote review: the Swiss bank option, FINMA licensed
- Saxo Bank review: the cheapest FINMA licensed Swiss bank, with no custody fee
- neon invest review: a phone app for monthly ETF buying, not a full broker
- Yuh Invest review: fractions from CHF 10 and a fee-free ETF plan, but nothing can be transferred out
- Zak review, Zak Invest section: trading inside the Zak app, with a custody fee to watch
- DEGIRO review: cheap on European venues, watch the connectivity fee
- eToro review: the gentlest onboarding, and where the costs hide
- Plus500 review: CFDs only, and why that matters
- Trading 212 review: no commission from Switzerland, but open the Invest account only
- XTB in Switzerland: no longer accepts Swiss residents (since March 2026)
- Scalable Capital in Switzerland: not available to Swiss residents
- Trade Republic in Switzerland: does not accept Swiss residents
- Robinhood in Switzerland: does not accept Swiss residents
Every fee on this page was read from the provider’s own pricing page on 6 August 2026. Interactive Brokers stock commissions and spot currency commissions · eToro fees and conversion fees · DEGIRO fees · Swissquote stock fees and account fees · neon invest · Yuh pricing · Saxo stock commissions · Trading 212 Invest terms, read from Switzerland on 25 September 2026. CFD loss figures are the providers’ own published risk disclosures, read on 7 August 2026: Pepperstone and IG. The Plus500 Seychelles entity is stated on its own Swiss site. If you find a figure here that no longer matches the provider’s page, please tell me and I will correct it.
Compare & choose
The other comparisons on Investing Hero, each built the same way: every fee read from the provider’s own pricing page.