Switzerland is one of the oldest and best-known havens for both forex brokers and other financial services companies, and a large number of these companies have set up branches in Switzerland over the years. All forex brokers that are either headquartered in Switzerland, or have local branches there, are required to be regulated by the Swiss financial regulator FINMA, known in English as the Swiss Financial Market Supervisory Authority.
Due to Switzerland’s special status in Europe as a non-EU country, it is one of the only European countries that are not subject to regulations from the European Securities and Markets Authority (ESMA). Thanks to this, Swiss forex brokers offer much higher trading leverage than other brokers in Europe, sometimes going as high as 1:200.