Online broker comparison Switzerland 2026🇨🇭

It is not the promised return that determines which broker is good. It is the fees, which are guaranteed to accrue over the years and can quickly make a difference of several thousand francs, depending on the securities account.

In this Online Broker Comparison Switzerland – also known as Depot comparison Switzerland - you will find the most important providers with real costs, deposit protection, ETF savings plans and clear categorisation. You will find out which trading platform convinced us in our test across Switzerland and what you should definitely look out for. Regardless of whether you want to buy shares as a beginner, open a low-cost share portfolio or save for ETFs in the long term.

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SwissquoteSaxo BankDegiroCornèrtraderPostfinanceInteractive BrokersMigros Bank
Online Broker Comparison Switzerland 1Online Broker Comparison Switzerland 2Online Broker Comparison Switzerland 3cornertrader logo cornertrader experience switzerland cornertrader review testOnline Broker Comparison Switzerland 4Online Broker Comparison Switzerland 5Online Broker Comparison Switzerland 6
Fees & Costs- Order fees from CHF 3 for shares and ETFs
- Custody fees CHF 20 - CHF 50 per quarter		- Order fees at least CHF 3 or 0.08% of the order volume (Classic)
• Since 2025: Custody fees free of charge		- Order fees from CHF 1 and an additional CHF 1 for processing
- Custody fees free of charge		- Order fees from CHF 6 for shares and ETFs
- Custody fees from CHF 0 (up to CHF 10,000) to CHF 280/year (for CHF 500,000), tax statement CHF 20		- Order fees on SIX staggered from CHF 6 to CHF 300
- Custody fees CHF 72 / year (credited as trading credit. Expires annually).		- Order fees 0.05% to 1.0% or min. CHF 1.50 to max. CHF 49
- Custody fees free of charge		- Order fees flat rate CHF 40
- Custody fees 0.23% or at least CHF 50
What does an ETF purchase cost for CHF 10,000?from CHF 9 (selected ETFs)CHF 8, or free of charge when purchasing via AutoInvest savings planfrom CHF 2.50 (selected ETFs)CHF 12 (0.12% for Swiss ETFs)CHF 30CHF 5CHF 40
Swiss deposit guarantee up to CHF 100,000Online Broker Comparison Switzerland 7Online Broker Comparison Switzerland 7Online Broker Comparison Switzerland 7Online Broker Comparison Switzerland 7Online Broker Comparison Switzerland 7
Special advantages- Savings plans
- Wide range of products (shares, ETFs, options, cryptos)
- Interest on cash		- Very low trading fees
- Savings plans with free ETFs
- Free tax statement
- No minimum deposit
- Only 0.25 % currency conversion fee
- Interest on cash		- Favourable fees
- Wide range of products
- Intuitive user interface
- Free ETF purchases 1×/month		- Interest income on CHF/EUR/USD balances
- No custody fees up to £10,000
- Immediate Liquidity access by debit card
- A Tax statement for everything
- Multi-currency accounts		- Custody fees are credited as trading credit
- Simple account connection
- Deposit protection		- No custody fees
- Very low FX fees
- Interest on cash
- Extremely wide product selection
- Professional tools for traders		- Flat fee for large orders
- Swiss customer support
- Branches
Disadvantages- Fees could be more favourable- Share register / AGM only via manual and partly chargeable process- No entry in the share register
- No Swiss deposit protection		- Higher minimum fees for small transactions
- Complex interface for beginners
• New custody fees from 2026 (still free of charge up to CHF 10,000)

- Negative interest from CHF 250,000
- Outdated user interface		- No Swiss deposit protection
- Customer service difficult to reach		- Account opening Not fully digitised
Promotion?Coupon for CHF 100 trading fees and selected ETFs discounted Voucher for CHF 200 trading fees Voucher for CHF 100 trading feesVoucher for CHF 250 trading feesCustody fees given as trading fees --
Schwiizerfranke RatingOnline broker comparison Switzerland 12Online Broker Comparison Switzerland 13rating starsrating starsOnline Broker Comparison Switzerland 14Online Broker Comparison Switzerland 14Online Broker Comparison Switzerland 16
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Broker comparison Switzerland: Which one suits you?

🎯 Schwiizerfranke summary: Which broker for whom?
Most favourable CH brokerSaxo Bank - from CHF 3, no custody account fee, 100+ ETFs free of charge in the savings plan, 0.25% FX
Beginners SwitzerlandSaxo Bank - simple, favourable, ETF savings plan commission-free, free e-tax
Leading CH brokerSwissquote - broadest offering, Swiss bank, share register free of charge
Swiss shares & AGMSwissquote - Entry in the share register uncomplicated and free of charge
Favourable + internationalDEGIRO - from CHF 2.50, no deposit fee - do not observe Swiss deposit protection
Professionals / lowest FXInteractive Brokers - most favourable FX fees, professional tools, no Swiss deposit protection
💡 Schwiizerfranke assessment: There is no such thing as the «best» broker - it depends on your usage behaviour and the size of your custody account. For most Swiss ETF investors, Saxo Bank is currently the strongest combination of price and security.

Broker recommendation is loaded ...

Table of contents

Broker comparison costs in detail

Not all criteria are clearly measurable when comparing trading platforms, but the fees are. They should not be the only selection criterion and yet they are very important. First of all: Every provider charges fees somewhere.

Online brokers are usually not honorary and fees are often very creatively accommodated in the financial industry to make comparison difficult. Fair providers display fees and costs clearly and transparently.

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Sorted by order fees

Order fees Examples:

Order fees: Suppose you buy international ETFs worth CHF 1,000 per month:

    • Saxo Bank: At least CHF 3 or 0.08%, i.e. CHF 3. (You can even buy selected ETFs free of charge in the ETF savings plan).
    • SwissquoteCHF 5 for ETF Leaders (level CHF 500-1,000). From CHF 1’001 it costs CHF 9 flat.
    • DEGIROFrom CHF 2.50 for selected ETFs
    • Interactive Brokers: 0.05% or at least CHF 1.50 (tiered) or CHF 5 (fixed price), i.e. approx. CHF 3-5
    • CornèrtraderFrom 0.12% per trade (minimum CHF 9), i.e. CHF 9
    • Postfinance: CHF 15 
    • VZ Finance Portal ProCHF 39 plus 0.05%, i.e. CHF 39.50
    • Migros Bank: Flat rate CHF 40
    • Cornèrtrader0.12 % of the transaction volume, minimum CHF 9 for Swiss shares.

Order fees are incurred each time securities are bought or sold. Flat fees (as with Migros Bank) can be very expensive for newcomers with small amounts and very inexpensive for wealthy customers.

Percentage order fees are common and often combined with a fixed fee (e.g. CHF 9 + 0.05%). In order to buy shares and ETFs at favourable prices, you should pay attention to percentage fees.

Example: CHF 9 flat fees are not necessarily cheap. If your investment is only CHF 100, you will pay a percentage of 9% fees! In this case, an investment larger than CHF 1,000 would be inexpensive, since you then pay only as 0.9% fees. So save longer or invest less often to save on flat order fees.

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Custody fees Examples:

Overview of the annual Custody fees with increasing deposit sizes.

Depot size: CHF 30'000 CHF 50,000 CHF 100,000 CHF 250,000 CHF 500,000
Saxo Bank CHF 0 CHF 0 CHF 0 CHF 0 CHF 0
Degiro CHF 0 CHF 0 CHF 0 CHF 0 CHF 0
Interactive Brokers CHF 0 CHF 0 CHF 0 CHF 0 CHF 0
Migros Bank CHF 69 CHF 115 CHF 230 CHF 575 CHF 1'150
Postfinance CHF 72 CHF 72 CHF 72 CHF 72 CHF 72
Swissquote CHF 80 CHF 100 CHF 100 CHF 150 CHF 200
Cornèrtrader CHF 80 CHF 100 CHF 200 £240 £280

Custody account fees comparison:

Custody fees usually depend on the size of your custody account. This is how the custody account fees are calculated by the individual providers:

  • DEGIRO: No custody fees.
  • Interactive Brokers: No custody fees.
  • Saxo Bank: Since February 2025, custody account management has been completely free of charge.
  • Cornèrtrader: From 2026, tiered custody fees: CHF 0 (up to CHF 10,000), CHF 80/year (up to CHF 50,000), CHF 100/year (up to CHF 100,000), CHF 200/year (up to CHF 250,000), CHF 240/year (up to CHF 500,000), CHF 280/year (up to CHF 1 million). Additional mandatory tax statement for CHF 20 per year.
  • Migros Bank: At 0.23% of the custody account volume or at least CHF 50 per year.
  • PostfinanceFlat rate of CHF 72 per year, but these are credited as trading credits
  • SwissquoteHas a staggered model. CHF 20 per quarter for amounts between 0 - 50'000. Then CHF 25 per quarter for amounts between 50'000.01 - 100'000 francs. Then CHF 37.5 for amounts between CHF 100,000.01 - 150,000 per quarter. And finally a maximum of CHF 50 for all deposit amounts over CHF 150,000.

Custody fees are ongoing costs that are incurred by most online brokers. In the above case, these are very inexpensive everywhere, especially as the portfolio value increases. The foreign brokers Degiro and Interactive Brokers have no custody account fees and Postfinance gives them away as trading fees (which, however, expire annually).

online broker switzerland test large comparison of the best stock trading platforms in switzerland in comparison currently

Inactivity fees

Inactivity fees are particularly nasty, as they penalise you if you do not place an order. You are therefore forced to pay fees - either in the form of order fees or the inactivity fee. None of the above providers have inactivity fees for retail accounts.

By the way, the selection of online brokers in this comparison would be even larger, but for some of them their inactivity fee combined with other criteria led to their exclusion.

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User friendliness

Online brokers and Swiss trading platforms are not always particularly user-friendly. This is due to the fact that professional traders need different tools and functions than an investor who simply wants to buy and hold a few shares.

Some of the above providers therefore have different «interfaces» for different user groups. Swiss mobile trading apps are also available in some cases and therefore offer you as a customer full flexibility.

Since personal well-being has a strong influence here and the categorisation is difficult to measure, no rating should confuse you. As there is no such thing as the best broker for everyone, you will find a preselection here and can compare the best brokers.

Important in this day and age for many users is the digitalization and simplicity of opening a securities account. Swissquote, Saxo Bank and Degiro are probably the easiest/quickest in terms of opening an account. Since Interactive Brokers are from the USA, there are far more questions for you here. Cornèrtrader offers a very comprehensive trading interface, but one that is probably almost too complex for beginners. Migros Bank and VZ can be compared in terms of digitalisation and paperless trading. Account opening However, direct customer contact may be part of the strategy here.

📌 Note on the share register entry at Saxo:

Anyone wishing to attend general meetings at Saxo Bank or register registered shares must expect a manual and sometimes costly process. Swissquote is clearly more user-friendly for Swiss shareholders.

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Security, regulation and deposit insurance

Returns and user-friendliness are of little help if your money is suddenly gone. In the broker account comparison in terms of security and deposit protection, there is not necessarily a perfect solution, but personal feelings count.

If Finma regulation with Swiss deposit insurance, up to CHF 100,000 is an absolute must for you, it is.

For your information: Deposit protection always applies to cash, i.e. cash deposits. Securities (shares, ETFs, etc.) are always protected indefinitely, as they are not included in the loss in the event of insolvency.

So, if a broker protects only CHF 20,000, but you do not deposit higher cash amounts with the broker, this will not be a problem for you. 

  • Deposit insurance for Swissquote, Saxo Bank, Cornèrtrader, PostfinanceMigros Bank, VZ: Up to CHF 100,000 Swiss deposit protection
  • Deposit insurance for Degiro: Protected up to 100,000 euros by the German deposit guarantee scheme
  • Deposit protection at Interactive Brokers: SIPC protection up to USD 500,000 per customer - of which max. USD 250,000 in cash

Securities lending:

If a broker operates securities lending, it can temporarily lend your securities to third parties via a right of use and thus generate additional income.

Securities lending is usually found as a voluntary option with the very favourable online brokers, because they also have to earn money somewhere. 

The topic is debatable, but in our comparison of the best brokers in Switzerland, securities lending is definitely not recommended. This is because securities lending may bring a small return, but on the other hand it carries the risk of a total loss.

How do I find the best broker for me in Switzerland?

There are over 200 Swiss banks and many other providers, so there is a wide choice of stock brokers throughout Switzerland. Your cantonal bank may also offer a securities solution, but the classical banks are comparatively much more expensive than the online banks.

You should check which provider offers the best solution for your project.

This is how you proceed:

  1. Which products would you like to buy and where can you find a good selection? ETFs, for example? Then don't pay attention to shares, but in this case it's about an ETF broker comparison throughout Switzerland. 
  2. Which provider's fees match your options? BFor example, do you have CHF 10,000 to start with and want to invest CHF 500 per month? Check the fees for your options.
  3. Found the best broker in Switzerland for you and your conditions? Then take advantage of the offers from Schwiizerfranke to save further fees or receive starting credit. More information can be found in the respective test reports. 
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Conclusion Online Broker Comparison Switzerland

As you have seen in the online broker comparison Switzerland, there is no one perfect broker. Rather, you should ask yourself what is important to you: Presumably low fees? Surely a user-friendly user interface? High security standards? A broad product range?
The most popular or leading Swiss online broker is Swissquote. The offer from Swissquote is certainly attractive, but not the cheapest everywhere. The cheapest broker in Switzerland for small orders is currently Saxo Bank with a minimum fee of just CHF 3. If you want to buy shares regularly or use an ETF savings plan, you will find it particularly favourable. However, the exact fees always depend on your usage behaviour.

This broker overview is only intended to help you. Compare which fees apply to your personal investment behaviour and which provider suits you best.

Feel free to share your personal assessment in the comments and let us know which online broker suits you!

If you are looking for a broker comparison Robo Advisor comparison, take a look at the large Robo Advisor comparison!

FAQ

Thanks to the Internet, thousands of online brokers are available to us worldwide.

In Switzerland, we have the franc as our home currency, which is why the Swiss should in most cases invest in francs for the reasons listed here.

This broker comparison Switzerland focusses on the best online brokers for the Swiss.
For reasons of clarity, we only list the best brokers from our experience reports.

An important, good broker has been forgotten or a new offer is on the market? Be sure to let us know in the comments or by e-mail! Thank you for your support!

Opinions are divided on this question.

The low costs, which are usually (but not always) significantly lower than those offered by Swiss brokers, naturally speak in favour of a low-cost foreign broker. This will be shown in the Custody account fees comparison Switzerland-wide vs. international quickly clear.

In addition to topics of Regulation and other details such as the Deposit protection should but you absolutely need the Currency risk note.

Not only does every currency exchange to a broker abroad cost you fees, but you also bear the Riskwhen the Currency of the custody account (such as euros or US dollars) against the Swiss franc.

A Custody account management in Swiss francs is therefore absolutely important in my eyes. 

Regardless of whether you are looking for the best broker in Switzerland or internationally, pay attention not only to fees, but also to other factors.

Cash.ch has quite high fees for investors with small assets.
With minimum custody account fees of CHF 100 and flat-rate trading fees of CHF 29, Cash.ch's fees tend to be in the upper price segment.

Although Finanzen.net Zero's offer is inexpensive, like many foreign brokers' offers, it is not denominated in Swiss francs, but in euros at Baader Bank in Germany.

For the Swiss, this is a reasons listed here does not make sense.

Furthermore, Finanzen.Net Zero does not currently offer a single Swiss ETF (such as SPI or SMI). There are also hurdles with regard to taxes that have not yet been resolved.

We spoke to the provider and were told that they are working on it. However, the solution is not yet of interest to the Swiss.

You can see which Neo Broker performs best in Switzerland in the comparison above.
Depending on the comparison factor (fees, functions, location, etc.), the Neo Brokers perform comparatively differently.

By the way, there is also a Trading app comparisonwhere not brokers from Switzerland, but specifically smartphone brokers such as Yuh, Neon Invest and Co. are compared.

You can find the test for the share savings plan and ETF savings plan here linked.

Yes, this is now possible. However, the process is time-consuming: You must first fill out special forms, sign them by hand and then send them by post to an address in the United Kingdom (UK). Only then can you participate in general meetings or exercise your voting rights. With other brokers such as Swissquote or PostFinance, this is easier and can be done digitally.

For small orders under CHF 1,000, Saxo Bank is the cheapest broker in Switzerland with a minimum fee of CHF 3. For larger amounts starting at CHF 10,000, percentage fees become more important – here it is worth comparing Swissquote, Saxo Bank and Cornèrtrader in detail.

Saxo Bank currently offers free ETF savings plans via AutoInvest – ideal for anyone who wants to invest regularly in ETFs. Swissquote also offers discounted «ETF Leaders». You can find a detailed comparison in our article on ETF savings plans Switzerland.

Basically the same thing. «Wertschriftendepot» or «Aktiendepot» is the classic Swiss term, while «broker» is the international one. Both refer to the platform where you buy and hold shares, ETFs and other securities. In Switzerland, we use both terms synonymously – which is why you will find both «Depot Comparison Switzerland» and «Broker Comparison Switzerland» online.

For beginners, we recommend Swissquote or Saxo Bank. Both offer an intuitive user interface, Swiss deposit protection up to CHF 100,000 and fair fees. Opening an account is completely digital and takes just a few minutes.

For most Swiss private investors, Saxo Bank is the more rounded solution. Saxo is a FINMA-regulated Swiss bank, has no custody account fees, 100+ ETFs without purchase commission in the savings plan, 0.25% currency conversion and a free e-tax statement. DEGIRO is sometimes slightly cheaper for individual ETF purchases, but does not offer Swiss deposit protection and is less convenient when it comes to share registers and service. Saxo is the better choice for most Swiss ETF investors.

Saxo Bank is currently the best combination of price and simplicity for many beginners in Switzerland. No custody fees, ETF savings plans with 100+ ETFs without purchase commission, 0.25% currency conversion and a free e-tax statement. DEGIRO can be similar or even slightly cheaper for individual purchases, but is less convenient for the Swiss in terms of deposit protection, tax convenience and share register.

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Sources
Financial author Eric Marschall certified investment advisor (IAF) independent financial expert Switzerland - certified financial expert switzerland
About the author

Eric is the founder of Schwiizerfranke.com and certified IAF wealth advisor. Since 2019, he has been helping Swiss citizens to organise their finances comprehensibly, independently and efficiently.

More about Eric & Schwiizerfranke

📌 Note: This article is for information purposes only and does not constitute personalised investment advice.

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58 responses

  1. Hello Eric
    Thanks for your great insights and explanation - especially for me as a beginner!
    I have opened an account with Saxo Bank and wanted to select your top 5 ETFs.
    Is it possible that I cannot buy the ETFs IE00B3XXRP09 and CH1416135338 at Saxo Bank?

    Thank you and best regards
    Christian

    Reply

    1. Hi Christian, thanks for your feedback!
      This is well known: Not all ETFs are available from every provider. In AutoInvest in particular, only selected ETFs can be saved free of charge. If your favourite is missing, you can ask the support team whether it should be included. It remains to be seen whether this will work, but the more readers who request the same thing, the more weight the request will carry. If you comment here on which ETF you are missing, we may be able to make a difference together.

      Reply

  2. Hello Eric

    I am missing the comparison with finpension invest in the «Broker comparison» table above.

    Reply

  3. Stay away from Corner Trader! It's a huge joke! Orders are not being executed, the new interface doesn't work and displays incorrect figures, and now there are new custody fees. Please adjust this above from 2026 onwards. I only found out by chance; I wasn't even informed.

    Reply

    1. Thanks for the information, Andrei!
      To be fair, it's not 2026 yet – the information will surely come. But we'll update this here as soon as it does.

      Reply

    1. That's right! The simplified account statement is free. If you want the Swissquote e-Tax statement, you have to pay CHF 85.

      Reply

  5. Hello Eric

    Thank you very much for your detailed information.

    At Swissquote, if you order a tax statement, it costs CHF 85 for a digital tax statement and otherwise CHF for a paper digital tax statement.

    It's a lot of money...

    Kind regards
    Fabi

    Reply

  6. Saxo is apparently now offering entry in the share register for a fee.
    You need a service subscription for € 30 per year and € 5 per vote, but it works now.

    Reply

    1. Thanks for the info!
      I checked with Saxo and found out: Yes, entry in the share register is now possible in principle via Saxo Bank Switzerland, but involves a comparatively time-consuming and manual process - including paper documents and dispatch to the UK.
      It is therefore not comparable with the direct and automated register entry with brokers such as Swissquote.

      Reply

  7. Hello, Eric,
    What about Lynxbroker.ch? It was recently recommended to me, but I can't find anything about it on your site.
    LG Sabine

    Reply

    1. Hello Sabine
      Many thanks for the tip!
      There are thousands of brokers (probably even more), not all of which I have on my screen and not all of which I can test. Behind Lynxbroker.ch is Interactive Brokers Ireland. If I interpret this correctly, a different mask is "overlaid" here (so-called white labelling).
      The securities account is presumably managed in euros and treated in accordance with Irish law. At first glance, I don't see much in favour of this (why not go straight to Interactive Brokers?). The fact that there are only 65t customers also speaks in favour of a very young, possibly unsafe offer.
      If anyone here has any experience or knows more, please share it!
      Thank you 😊

      Reply
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