Best Low Cost Brokers in Switzerland
Top 3 Low-Cost Platforms for Traders in Switzerland
AvaTrade is an exceptional broker that has earned its place among the top-ranked gold brokers for several compelling reasons. AvaTrade offers MT4, MT5, cTrader, and the AvaOptions and AvaFutures platforms, which sets them apart from other brokers.
With AvaOptions, traders gain access to a comprehensive and user-friendly platform designed explicitly for trading gold options. This innovative offering allows traders to diversify their strategies and take advantage of market volatility, giving them greater flexibility in managing risk and maximizing profit potential.
AvaOptions is distinguished by its powerful combination of advanced technology and a wide range of customizable features. Thanks to intuitive interfaces, real-time risk assessment tools, and robust analytics, traders can efficiently execute gold options trades. This empowers traders to make informed decisions and adapt their strategies according to market conditions.
eToro operates as a commission-free broker for stock trading, meaning that users can buy and sell stocks without incurring traditional commission fees.
Additionally, eToro offered relatively low spreads for stock trading. This contributes to eToro's reputation as a low-cost broker.
Furthermore, eToro's platform provides a user-friendly and intuitive interface, making it accessible to both beginners and experienced traders. The platform also allows social trading, enabling users to follow and copy the trades of successful investors on the platform, known as "Popular Investors."
.jpg)
How to categorize a Broker as cheap?
Below are the main criteria that we have considered when making this ranking:
The minimum deposit must be low (or null). A low minimum deposit means that operating the platform does not require a lot of capital.
The Broker should not charge a fixed commission per trade. The Broker must charge commissions because that is what they do, but when they set a fixed rate, it implies that a buy and sell order must have a minimum amount to generate any profit. As an example, if you open a trade for a total value of 20 dollars and the Broker charges a fixed commission of 10 dollars to complete the operation (Opening and Closing), then the trade must generate at least 10 dollars, that is, it must grow 50%. Brokers that do not charge a fixed commission tend to charge high spreads.
Spreads and Overnight Financing should be as low as possible. Related to the previous, if a broker does not charge fixed commissions, the only way to earn money is through margins and overnight financing. Overnight financing costs are levied when a trade is left open until the next day; Brokers charge this cost as if it was a loan, which, indeed, it is. To be considered low, these trading costs should be as low as possible.
Last but not least, the Broker has to be available to clients in Switzerland.
Above we present our Top 3 of the best Trading platforms that we consider as 'Low Cost'.
One of the largest MT4 and MT5 Forex brokers, XM has been a popular choice among traders who perform Scalping Trading strategies. XM has several trading account types, and the performance of your scalping trades will vary, depending on the account type you choose due to the difference in the symbol, leverage, trading cost and spread. Using XM, it's recommended that scalper traders use XM's Ultra Low Spread account or XM Zero account type since both account types provide raw spread, which is the lowest FX spread XM can provide (starts from 0.1 pips). Some stats: XM had a 100% execution rate (no rejection of orders), and 99.35% of all orders were executed in less than 1 sec, with a strict no re-quotes policy.
Generally speaking, clients of trading platforms want to pay fewer and smaller commissions. Therefore, we present the top 3 of the cheapest Brokers.