Offers two ways to trade: Forex, CFDs
CySEC, Financial Services Boar...
The Ultimate Guide to
Choosing a Broker
For Brokers For Trading USD/CHF
Not sure which broker is right for you?
Don’t worry - we’ve got you covered. In this guide, you’ll learn:
- Why Markets.com scored high for brokers for trading usd/chf (Jump to section)
- Who Markets.com is (and isn’t) suitable for (Jump to section)
- An in-depth feature comparison of the top #3 brokers (Jump to section)
- An overview on brokers for trading usd/chf (Jump to section)
What is the Best Trading Platform
for Brokers For Trading USD/CHF?
Markets.com scored best in our review of the top brokers for brokers for trading usd/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 brokers for trading usd/chf on their platform:
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 USDCHF 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
|Regulated by||CySEC, Financial Services Board|
|Uses tier 1 banks|
|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.
Who Markets.com is (& Isn’t)
As mentioned, Markets.com allows you to trade in two ways: Forex, CFDs.
- CFD Trading
- Forex Trading
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.
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 comparsionThe 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.
|FTSE 100 Spread||2|
Comparison of account & trading features
|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,|
What is the USD/CHF?
The USD/CHF currency pair is also known as the dollar swissy and is one fo the forex marjor pairs. The US dollar/Swiss franc pair is one of the most popular currency pairs to trade worldwide. The BIS reports that that annual volume traded in 2016 was $180 billion, up 3.6% from 2015. In the month of March USD/CHF has moved roughly between 0.996 and 1.02. The dollar has traded in a 52-week trading range of between 0.9444 – 1.0344 and is currently trading at $1.0024.
What are the Fundamental influences of the USD/CHF?
The interest rate policy of the Swiss National Bank(SNB) unpins a relatively stable Swiss franc. However, USD/CHF is not immune from political developments, fiscal policy, and interest rate in the EU, US, and the rest of the G8. Brexit and the Trump Administration provides further uncertainty to the Dollar/Swiss franc rate in the near to medium term. The quantitative easing in the EU and Switzerland currently still underway may influence the USD/CHF in the future. Growth prospects and the unemployment rate in the EU is major factor. Germany may be the engine room of Europe but employment rates in many parts of the EU, such France, Greece and Italy are low. Although ECB does consider the unemployment rate when setting interest rates, its primary role is maintaining price stability.
3 Factors that could influence the USD/CHF in 2017
The interest rate differential in the US and Switzerland also plays a role in the direction of the USD/CHF. Unlike in SNB and ECB, the Federal Reserve Bank in the US also focuses on reducing unemployment. The Fed is likely to continue its gradual monetary tightening due to record low unemployment figures.
The Swiss National Bank is primarily concerned with fighting inflation and is often active in currency markets to maintain relative strength of the Swiss franc. Although in early 2015, the Dollar Swiss experienced a one-day appreciation of over 30% when the SNB failed to maintain its peg against the Euro. Should inflation rise, the SNB may increase interest rates.
Brexit also poses significant challenges for the USD/CHF. The move by Britain to leave the EU has sparked similar calls in France and Italy, creating uncertainty in the EU.
How to trade USD /CHF
At London Capital Group, clients have access to over 60 forex pairs to choose from. There is no minimum deposit requirement and clients are required to have enough funds to cover margin calls. Currency accounts fall into three margin groups: major, minor, and exotic. Each margin group is classified according to four tiers. The lowest leverage for an exotic currency pair is five and the highest is 50. The margin call level is set a 10%. LCG provides online video tutorials that include basic terminologies and trading strategies.
Trading the USD/CHF with a FOREX/CFD Broker
Trading forex online involves the use of leverage, which can magnify profits and losses. While various strategies such as stop losses can be employed to limit losses, market direction can change extremely quickly, leading to massive losses. London Capital Group Forex and CFD broker offer two trading platforms: LCG Trader and MT4. Clients have two accounts to choose from: Classic and ECN.
London Capital Group classifies the currency accounts in terms of margin group and tier level. USD/CHF is classified as exotic and is available across all four tier levels, offering clients the following on its standard account:
• Ave spread 2.5
• Min trade size 0.01 Lot
• Pip position 0.0001
• Value of 1 pip/lot CHF 10
• Max Leverage 1:50 (tier1)
• Max MT4 Lot: 40 (tier4)
According to the Bank for International Settlements, the USD/CHF currency pair is the sixth largest worldwide traded by volume. Its high liquidity, inverse correlation to the EUR/CHF, the uncertainty about Brexit, and EU growth concerns, presents currency traders with many trading opportunities.
Jump to top