Company

Spread

for GBPCHF

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

Markets.com

Offers two ways to trade: Forex, CFDs

 
Markets.com
See Details Try a Demo
Your capital is at risk
5.0 pips See All Spreads
$100 Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

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  • Bank transfer
  • Credit cards
  • PayPal
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Trust Score:

B

0

Established in:

2008

Regulated by:

CySEC, Financial Services Boar...

CFDs are leveraged products and can result in the loss of your capital. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Trading GBP/CHF

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

What is the Best Trading Platform
for Trading GBP/CHF?

Markets.com scored best in our review of the top brokers for trading gbp/chf, which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.

The following brokers allow trading gbp/chf on their platform:

  1. Markets.com

Here are some areas where Markets.com scored highly in:

  • 10+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, MT5, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from pips
  • Used by + traders
  • Allows hedging
  • 2 languages
  • Leverage up to 100:1

Markets.com offers two ways to trade: Forex, CFDs. If you wanted to trade GBPCHF through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Markets.com have a B trust score, which is good. This is largely down to them being regulated by CySEC, Financial Services Board, segregating client funds, being established for over 10 years, and much more. For comparison:

Trust Score comparsion

Markets.com
Trust Score B
Year Established 2008
Regulated by CySEC, Financial Services Board
Uses tier 1 banks
Company Type Public Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who Markets.com is (& Isn’t)
Suitable For

As mentioned, Markets.com allows you to trade in two ways: Forex, CFDs.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with Markets.com, you'll need a minimum deposit of $100. Markets.com offers a range of different account types for different traders including a mini account, and vip account.

Markets.com offer a wide range of instruments to trade including forex pairs, stocks, indices, and cryptocurrencies . In fact, they’re one of the few brokers to offer not only Bitcoin trading but also Ripple, and many more. In the following section we’ve listed Markets.com’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how Markets.com’s spreads compare in this Markets.com review

Finally, Markets.com isn't available in the following countries: AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE.

Part 3

A Comparison of Markets.com vs. vs.


Want to see how Markets.com stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.

Comparison of account & trading features

Markets.com
Accounts offered Mini account, Islamic account, standard account, VIP account
Platforms MT4, MT5, Web Trader, Tablet & Mobile apps
Risk management features Limit order, one click trading, trailing stops, price alerts and negative balance protection
Funding methods Payoneer, Credit cards, Bank transfer, PayPal, WebMoney, DebitCard,

Part 4

Forex Trading: The GBP/CHF Currency Pair

The GBP/CHF is a minor currency cross which essentially means that it does not contain the US dollar. Since this is a minor cross, it means that trading and liquidity are likely to be much lower than the major currency pairs.

The over-the-counter (OTC) daily turnovers released by BIS of these two currencies suggest that trading of the pairs is well below the major currency pairs like the Euro Dollar. For 2016, the average daily OTC turnovers of the GBP (British pound) and the CHF (Swiss Franc) was US$649 billion and US$243 billion respectively. These represent volumes of 13% for the GBP and 5% for the CHF.

Nevertheless, because both the GBP and the CHF are both considered major currencies, trading of the GBP/CHF currency pair is attractive to many traders and investors. The British Pound originates from the world’s largest financial centre while the Swiss franc is considered a safe haven currency.

During the course of the last 10 weeks, the GBP/CHF experienced a volatility of 0.99%, moving by approximately 125.02 pips. Over the last 52 weeks, the price has moved between 1.1446 and 1.4613. The GBP/CHF opened trading on Monday, March 6, 2016, at a price of 1.2378, down from the previous close of 1.2391 (Bloomberg).

How To Trade The GBP/CHF

One of the popular methods to trade the GBP/CHF pair is through a Forex broker like AvaTrade. Forex brokers like AvaTrade offer their clients access thousands of different markets including currency pairs, indices, commodities like gold and oil via CFDs.

An advantage of going through a regulated forex broker is the added protection and security offered by a regulator like the Financial Conduct Authority in the UK. You can compare a full list of broker that are regulated by the FCA here: Comparison of FCA regulated Brokers.

Fundamental Factors Affecting the GBP/CHF Currency Pair

Apart from the economies of Great Britain and Switzerland, the GBP/CHF currency pair is also affected by the economies of countries in their geographic proximity. Employment rates, interest rates, trade policies and political factors all play a role in determining the rate of exchange between the Pound and the Franc.

Uncertainty regarding the UK-EU relationship going into 2017, resulted in sharp falls in investment in the UK during the last quarter of 2016. With increased speculation about possible interest rates hikes in the United States during 2017, investors have been resorting to safer haven currencies like the Swiss Franc in order to temper volatility. This increase in demand for the Franc is likely to push up the price of the currency.

On the British side, Brexit has resulted in a weakening pound which means increasing production costs for manufacturers. This means that imports are likely to become more expensive as 2017 progresses. UK exports will consequently become more attractive as the demand for UK goods increases.

As the year 2017 progresses, the US interest rates are expected to have a significant impact on the movement of the GBP/CHF currency pair.

Other Popular Forex pairs


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