Although not as important for global banking as it once was, Switzerland is still home to a few forex brokers that offer low spreads and high trading leverage. What is most interesting about Swiss forex brokers, perhaps, is that they are not subject to the same EU regulations that apply to other brokers in Europe. A low spread forex broker in Switzerland is therefore an opportunity for traders from the EU and elsewhere to trade with a European broker without being limited by ESMA leverage restrictions.
All low spread forex brokers in Switzerland are regulated by the Swiss Financial Market Supervisory Authority (FINMA), which is strictly independent from ESMA. Since the environment in Switzerland is so competitive, many Swiss forex brokers will offer ultra-low leverage on the most popular forex pairs like the EUR/USD and the USD/JPY.