Is Trading Forex Legal in Switzerland?
Absolutely! Trading forex is legal in Switzerland. Surprisingly, Switzerland has now become a trading hub where you’ll find many professional forex traders. However, keep in mind that you need to take care of your tax liabilities from the profits realized from trading forex.
The law of the country allows anyone to participate in forex trading, provided they know the risks involved and are okay with them. There are several companies that offer online trading Switzerland, and they operate in compliance with the Swiss regulators.
However, the rules keep changing from time to time, which means you need to consult a financial expert to provide you with the right advice regarding the legal aspects of trading in the country. It is also legal to trade forex in Switzerland with Swiss regulated brokers and even overseas brokers.
But, it is crucial to ensure that you choose a reliable and trustworthy broker especially, when registering with international brokers.
How does the Financial Market Supervisory Authority regulate trading in Switzerland?
This is a question that a lot of people ask. The answer is quite simple. The Financial Market Supervisory Authority
is responsible for the overall supervision and it may also intervene in self-regulation.
It issues regulations for the listed companies and the stock market participants. The department also monitors the stock exchange trading and publishes market data.
This is to ensure that people are protected from financial fraud in the country, as well as broker scams. Therefore, with this department in place, you can rest assured that any registered broker in the country you use is well regulated.