Swiss Forex brokers
Swiss banking system – one of the most sophisticated in the world, influenced the way traders perceived Swiss Forex brokers: as reliable, trusted, advanced especially when it comes to the FX market.
However, as practice showed, this was no more than a beautiful myth. Swiss brokers had nothing to do with advanced and trusted Swiss banking system. Quite the opposite, there had been a number of companies, who tried to capitalize on calling themselves “Swiss-based”. That was a trend of the past.
Swiss authorities put an end to this questionable poorly controlled situation in 2010 by imposing the Rule under which Forex trading can only be provided by a licensed Bank. The face of the Swiss financial image was restored in the eyes of Forex trading community since then.