ASIC, CySEC, DFSA +2 more
Forex brokers with CHF accounts
The Swiss franc (CHF) has a rich history, becoming the official currency of Switzerland in 1850. Today, it serves as the currency of both Switzerland and Liechtenstein. The Swiss franc has earned a reputation as a safe-haven currency due to Switzerland's political stability and robust financial sector, making it a favored choice for investors seeking stability.
The Swiss National Bank (SNB) acts as the regulatory authority for the Swiss franc and serves as Switzerland's central bank. CHF is one of the major currencies in the global foreign exchange (Forex) market, alongside the USD, EUR, GBP, JPY, AUD, CAD, and NZD. This status grants the Swiss franc high liquidity, making it highly attractive for trading purposes.
In response to the demand for CHF in Forex trading, many brokers offer the currency as an account currency option. Opting for a Forex trading account denominated in CHF can be advantageous, particularly if you frequently utilize the currency in your day-to-day transactions. By doing so, you can potentially save on conversion fees.
However, before committing to a CHF-denominated account, it's crucial to assess the stability of the currency and its ability to retain its value against inflation. Monitoring economic indicators and staying informed about Switzerland's monetary policies and economic conditions can help you make an informed decision.
By considering the currency's stability and suitability to your trading and financial needs, you can determine whether opening a Forex trading account in CHF aligns with your objectives.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
8.64
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.10
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
5.59
MT4MT5cTraderCopy tradingHigh leveragePAMMSignals
Regulations
CySEC, FCA UK, FSC Mauritius +2 more
Platforms
MT4, MT5, cTrader +1 more
4.15
MT4MT5cTraderCopy tradingECNHigh leveragePAMM
Regulations
ASIC, CySEC, FSCA
Platforms
MT4, MT5, Myfxbook AutoTrade +1 more
3.79
2.90
MT4MT5Copy tradingHigh leveragePAMMSignals
Regulations
ASIC, CIMA, CySEC +5 more
Platforms
MT4, MT5, Custom
The Swiss franc (CHF) is a free-floating currency, meaning its value is determined by the forces of supply and demand in the currency markets. However, it's important to note that this hasn't always been the case. In 2015, the Swiss National Bank made the decision to remove the currency peg of 1.20 to the Euro, resulting in a stronger CHF. As a result, the franc experienced an immediate increase in value by 20% against the Euro.
When considering Forex brokers that offer CHF accounts, it's worth recognizing Switzerland's strong economy and historically low inflation rate. In certain years, Switzerland has even experienced negative inflation, meaning that the CHF has gained purchasing power rather than losing it. This characteristic makes the Swiss franc an attractive currency for investment in the financial markets.
Investors often view the CHF as a safe haven during times of global inflation. As a result, it tends to have a positive correlation with the price of gold, which is also considered a safe-haven asset. On the other hand, the Swiss franc typically exhibits a negative correlation with the US dollar (USD).
It's important to keep in mind that exchange rates and correlations can fluctuate over time due to various factors, including economic conditions, monetary policies, and geopolitical events. Therefore, staying updated with current market trends and consulting with financial professionals or reputable sources is always recommended when making investment decisions involving the Swiss franc or any other currency.
