Skip to content In contrast to returns, fees are always guaranteed. In the Online Broker Comparison Switzerland – also known as Depot Comparison Switzerland – find the cheapest securities account for Swiss investors.
Whether you want to buy shares, invest in ETFs or open a low-cost share account, this Swiss broker comparison will tell you which trading platform came out on top in our test and what you should definitely look out for.
The Swiss Broker Comparison is not limited to national borders, but also includes international brokers that are also available to us Swiss.
| Swissquote | Saxo Bank | Degiro | Cornèrtrader | Postfinance | Interactive Brokers | Migros Bank | |
|---|---|---|---|---|---|---|---|
 |  |  |  |  |  |  | |
| Fees & Costs | - Order fees from CHF 5 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 Custody fees from CHF 0 (up to CHF 10,000) to CHF 280/year (for CHF 500,000), tax statement CHF 20 | - Order fees from CHF 6 incrementally up to a maximum of 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 plan | from CHF 2.50 (selected ETFs) | CHF 12 (0.12% for Swiss ETFs) | CHF 30 | CHF 5 | CHF 40 |
| Swiss deposit guarantee up to CHF 100,000 |  | | | | | ||
| 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 | - Entry of registered shares in the share register currently not possible | - 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? | Voucher for CHF 200 trading fees and selected ETFs at a discount | Voucher for CHF 200 trading fees | Voucher for CHF 100 trading fees | Voucher for CHF 250 trading fees | Custody fees given as trading fees | - | - |
| Schwiizerfranke Rating |  |  |  | |  | |  |
| View test report | View test report | View test report | View test report | View test report | Visit IB | Visit MB |
Investing harbours risks of loss.
Not all criteria are clearly measurable in the trading platform comparison, but fees are. They should not be the only selection criterion and yet they are very central. Let me say at the outset: 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.
Order fees Examples:
Order fees: Let's assume you buy international ETFs worth CHF 1,000 per month:
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.
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 fees usually depend on the size of your custody account. This is how the custody account fees are calculated by the individual providers:
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).
Inactivity fees are especially mean, as they penalize you if you don't initiate an order. You are thus 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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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 have therefore developed different "Interfaces", i.e. surfaces. Also Swiss Mobile Trading Apps are partly available 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.
Anyone wishing to participate in general meetings or be entered in the share register at Saxo Bank can now do so - but only via a manual process with printed forms and postage to the UK. Compared to Swissquote or PostFinance, this is much less user-friendly and cannot be done digitally.
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.
When a broker Securities Lending If you operate an investment fund, you 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.
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 traditional banks are comparatively much more expensive than online banks.
You should check which provider offers the best solution for your project.
This is how you proceed:
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As you have seen in the online broker comparison for Switzerland, There is no such thing as the perfect broker. Instead, you should ask yourself, what you Important: Presumably depth FeesCertainly a user-friendly User interface? High Safety standards? A broad Product range?
Swissquote is probably the most popular and leading Swiss online broker. The range of services offered by 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, this is a particularly good option. 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 big Robo Advisor Comparison on!
Thanks to the Internet, thousands of online brokers are available to us worldwide.
In Switzerland, we have the Swiss franc as our home currency, which is why Swiss nationals in most cases leave the reasons listed here should urgently invest in francs.
This broker comparison Switzerland focusses on the best online brokers for the Swiss.
For the sake 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.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
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.
📌 Note: This article is for information purposes only and does not constitute personalised investment advice.
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Hello Eric
I am missing the comparison with finpension invest in the «Broker comparison» table above.
Hello Roli,
Finpension Invest is great, but not a broker (where you choose and trade your own investments), but a digital asset manager. You can find this comparison in the Robo Advisor Comparison 🙂
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.
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.
Why does it say that the tax statement from Swissquote is free? It costs around 85.
That's right! The simplified account statement is free. If you want the Swissquote e-Tax statement, you have to pay CHF 85.
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
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.
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.
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
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 😊