| Updated: June 17, 2024The currency pair of the US dollar and Swiss franc, USD/CHF, indicating how many Swiss francs are needed to buy one US dollar, is favored among new and experienced Forex traders alike. The team at BestBrokers has made a thorough review of regulated and trusted Forex brokers and singled out 10 brands offering the lowest spreads for USD/CHF that are worthy of traders’ attention.
Fusion Markets74-89% of retail CFD accounts lose money
FP Markets73.85% of retail investor accounts lose money
Markets.com74.2% of retail investor accounts lose money
AvaTrade76% of retail investor accounts lose money
Pepperstone75.5% of retail investor accounts lose money
City Index69% of retail investor accounts lose money
Admirals73% of retail investor accounts lose money
IG70% of retail client accounts lose money
XTB80% of retail investor accounts lose money
XM Group72.82% of retail investor accounts lose moneyComprehensive Comparison of the Top 10 USD/CHF Forex Brokers
| Forex Broker | USD/CHF Spread | USD/CHF Commissions | Number of FX pairs to trade | Trust Pilot Rating |
|---|---|---|---|---|
| 1. Fusion Markets | 0.37 | $0 Classic Account, $4.50 round turn on Zero Account | Over 200 | 4.8 ⭐ |
| 2. Pepperstone | 1.1 | $0 (Standard Account), $7 round-turn (Razor Account) | 100 | 4.5 ⭐ |
| 3. Admirals | 1.2 | $3 per lot | 82 | 4.1 ⭐ |
| 4. XTB | 1.2 | $0 | 50+ | 3.7 ⭐ |
| 5. AvaTrade | 1.3 | $0 | 250+ | 4.5 ⭐ |
| 6. FP Markets | 1.8 | $0 Standard Account; $6 round turn on Pro Account | 70+ | 4.8 ⭐ |
| 7. City Index | 1.8 | $0 | 84 | 4.2 ⭐ |
| 8. Markets.com | 1.9 | $0 | 50+ | 4.7 ⭐ |
| 9. IG | 1.95 | $0 | 80+ | 4.1 ⭐ |
| 10. XM Group | 2.1 | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account | 50+ | 2.7 ⭐ |
Top 10 Brokers Offering the Lowest Spread for USD/CHF
Fusion Markets is among the global Forex brokers offering the lowest costs, with average spreads of 0.0 and $2.25 per side commission, no deposit fees, and no minimum requirements for account size. The broker offers a convenient spreads tool, providing traders with useful information on the minimum, maximum, and average spreads within the past month for all supported trading instruments, including the USD/CHF pair.
To use the spreads tool, traders must select their trading instrument, pick a timeframe, and adjust their chart to show the spreads they wish to view. These favorable trading conditions are provided in a regulated and transparent trading environment, monitored by the Australian Securities and Investment Commission (ASIC) and Vanuatu Financial Services Commission.
Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.- 2. AvaTrade
Ava Trade is yet another platform offering a world-class experience for USD/CHF traders. The average spread for the USD/CHF instrument at Ava Trade is 0.9 for professional traders and 1.3 for retail traders. The maximum allowable leverage for professional account holders is 400:1 and the one for retail account holders is 30:1.
Ava Trade supports multiple advanced platforms, such as WebTrader, MT4, MT5, DupliTrade™, and AvaOptions, empowering traders to never miss a trade. With this broker, traders are in safe hands, with multiple licensing across nine jurisdictions. Beyond the USD/CHF pair, traders can explore other investment opportunities across 1,250+ instruments, including cryptocurrencies, stocks, commodities, and indices.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 3. Pepperstone
Founded in 2010, Pepperstone is an award-winning brokerage that has been serving traders in over 160 countries around the globe. Authorized and regulated by tier-one regulators such as the CySEC and the FCA, the broker facilitates trading with 90+ currency pairs, including majors, minors, crosses, and exotics.
The USD/CHF minimum spreads for holders of Razor accounts stand at 0.0 and for holders of Standard accounts – at 1.00. Beyond Forex, traders can diversify their trading portfolio with more than 1,200 CFDs across different assets. Pepperstone supports multiple trading platforms including TradingView, MT4, MT5, and cTrader, available on PC, web, and mobile.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 4. XM Group
XM is yet another advanced trading provider, offering 10+ trading platforms, spreads as low as 0 pips, and more than 1,000 trading instruments, including over 50 global currency pairs. Besides the customer support department, Forex traders can resort to the platform’s educational resources, including free access to Forex market research, daily Forex webinars, and video tutorials.
Spreads for USD/CHF stand at 1.3 for holders of Ultra Low Standard Accounts and Ultra Low Micro Accounts, whereas the commission per 100,000 USD traded is $3.5 for holders of XM Zero Accounts. Besides major pairs such as the USD/CHF, the brokerage offers trading in a variety of minor and exotic pairs.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 5. FP Markets
FP Markets is part of a group of companies established in 2005, authorized and regulated by the Cyprus Securities and Exchange Commission. With tight spreads from 0.0 pips, 24/7 multilingual customer support, and negative balance protection, the broker provides everything necessary for seamless trading.
The broker offers more than 60 currency pairs on the widely popular MT4 platform. FP Markets provides transparent pricing, with the full list of average forex spreads readily available. Holders of Standard Accounts can trade the USD/CHF pair at an average spread of 1.8, whereas holders of Raw ECN accounts can trade the pair at an average spread of 0.7. Forex traders have access to news and economic calendar, technical indicators and charts, and many more tools.
10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money - 6. Markets.com
Markets.com has been the gateway to global markets since 2008, as the brand advertises itself. With 6 licenses from top-tier financial regulators, including the CySEC, the FCA, and the ASIC, 7 global offices, and 4.7 million users in more than 170 countries, it offers a seamless trading environment for retail and professional traders. With Markets.com, they get access to major, minor, and exotic CFD currency pairs 24/5. Powerful charting tools are in place to help traders make informed decisions.
The average spread for the USD/CHF pair stands at 1.90 with maximum allowable leverage for retail account holders at 30:1. Traders can access USD/CHF live charts with data for the past few hours, day, and week.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 7. Admirals
Admiral Markets is an industry-leading platform, facilitating trading in more than 8,000 instruments, including 80 CFDs on currency pairs. This award-winning, multi-regulated broker offers Forex trading 24 hours a day, five days a week, with tight spreads, fast deposits and withdrawals, and advanced trading platforms.
Based on the type of trading account, customers of the brokerage can easily obtain information about the pricing policy. Admiral Markets offers different trading accounts for the MT5 (Trade.MT5, Invest.MT5, and Zero.MT5) and MT4 (Trade.MT4 and Zero.MT4) trading platforms. Holders of Trade.MT5 and Trade.MT4 accounts have access to minimum spreads of 0.0001 and typical spreads of 0.00012, whereas holders of Zero.MT5 and Zero.MT4 accounts pay a commission of $3.0 per lot (for a single side), minimum spreads of 0.00001, and typical spreads of 0.00006. The leverage limitations for the USD/CHF pair are 500:1 for professional traders and 30:1 for retail traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 8. City Index
City Index is an award-winning provider of trading services, with a high Trustpilot rating of 4.2 out of 5 stars, based on more than 300 reviews. The brokerage is authorized and regulated by the Financial Conduct Authority. Traders can first open a demo account and then register a live account and deposit funds. The platform facilitates trading across 13,500+ markets, including Forex.
Spreads for the USD/CHF pair start from 0.00018 points. Traders at City Index can explore the pair’s rate over the last five years and read the latest financial news and analyses related to it. They have also access to economic calendar and other educational tools helping traders make informed decisions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 9. XTB
With more than 20 years of experience within the investment industry, XTB is trusted by more than 1 million traders from around the world. The brand’s award-winning xStation5 platform is user-intuitive and designed to deliver the best trading results. Forex traders will enjoy low spreads from 0.1 pips, 24 hours, 5 days a week across 48 currency pairs.
The USD/CHF is, of course, one of them, with a minimal spread of 0.00012 and a maximum allowable leverage for professional account holders of 500:1. The trading instrument, has a dedicated page, with further information about related financial news and tips to start trading with XTB.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 10. IG
IG is a world leader in online trading that completes our list of Top 10 brokers offering the most competitive spreads for the USD/CHF currency pair. Established in 1974, the brand has 313,000 customers worldwide and offers a vast diversity of 17,000 markets, including Forex, indices, shares, commodities, cryptocurrencies, and more. New traders can open a free demo account and practise trading with €10,000 in virtual funds.
IG gives access to over 80 FX pairs, including the USD/CHF pair, with minimum spreads of 1.5 and average spreads of 1.99. Besides the broker’s extensive experience, customers are reassured by its impeccable regulatory status, with authorizations from the FCA, BaFin and Deutsche Bundesbank.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
About the USD/CHF Currency Pair
The USD/CHF, usually called the “swissie”, is the fifth most traded pair in the Forex market. Since it includes the USD, it is among the forex “majors”. While the USD is the world’s major reserve currency, the CHF is broadly regarded as a “safe haven”. Therefore, it comes as no surprise the pair features a high level of investor interest and tight spreads.
Before entering the Forex market via a live account, new traders are advised to create a demo account and explore the pair in a secure environment without risking any real funds. Brokers may either use the spread, i.e. the difference between the bid and ask prices of a pair, as their fee, or else, charge a commission.
To protect their real funds, traders must employ different tools such as stop-loss orders and negative balance protection. All Forex brokers in our top list support great desktop and mobile trading platforms and trading tools.
What Is Spread in Forex Trading?
The spread in Forex trading, also known as the “bid/ask spread” is the difference between the bid and ask price of a currency pair. The first is the price at which the base currency is sold, the second is the price at which the base currency is bought. Brokers who charge no commission profit through the spread, or the fee for providing brokerage services, which is built into the buy and sell price of the currency pair. In other words, the spread represents a transaction cost for traders.
Spreads can be narrower or wider, based on different factors such as the currencies involved, the time of day, and the current economic environment. The spread is measured in pips, which, for most currency pairs are equal to 0.0001.
The USD/CHF pair, where the USD is the base currency and the CHF is the quote currency, reflects the value of 1 US dollar in terms of X Swiss francs. For instance, if the pair is trading at 0.96, it means that 0.96 Swiss francs are needed to buy 1 US dollar. If the USD/CHF pair rises to 0.97, it indicates that the US dollar has strengthened, and the Swiss Franc has weakened, making it necessary to pay 0.97 Swiss Francs to buy 1 US dollar. Conversely, if the USD/CHF pair drops to 0.94, it shows that the US dollar has weakened, while the Swiss Franc has strengthened, making it necessary to pay 0.94 Swiss francs to buy 1 US dollar.
What Is the Lowest Spread for USD/CHF?
Traders are normally looking for low spreads as they reduce their overall trading costs. They should prioritize pairs with high liquidity and favorable economic factors contributing to tight spreads. Furthermore, picking a trustworthy broker with transparent pricing is of key importance for successful Forex trading. Tight spreads maximize gains, particularly for traders interested in short-term strategies.
The USD/CHF pair is among the Forex pairs with the lowest spreads. This is largely influenced by the Swiss Franc’s reputation as a “safe haven” and the stability of the Swiss economy.
The spreads for the USD/CHF pair tend to vary across different brokers and can be fixed, floating, or both. Fusion Markets, for example, has a convenient spreads tool enabling traders to explore the broker’s minimum, maximum, and average spreads within the past month on all offered trading instruments. They can easily and quickly check out the USD/CHF minimum, maximum, and average spreads for the past day, week, and month.
How Long are USD/CHF Markets Open?
As Forex traders are well aware, the four major financial markets are Tokyo, Sydney, London, and New York. Their open hours cause an increased trading volume in their respective regions. While the forex market operates 24 hours on weekdays, currency pairs are the most liquid and volatile during the overlap between these sessions. The best time to trade USD/CHF is during the overlap of the London and New York sessions, between 12:00 pm and 04:00 pm GMT.
Trading USD/CHF with a Leverage
Trading the USD/CHF currency pair with leverage enables traders to participate in the market using less of their own money by borrowing it from brokers. They must consider both the benefits and drawbacks of this multi-faceted financial tool and decide if it is suitable for their unique circumstances.
First and foremost, traders must be aware that leverage can substantially magnify their profits. Furthermore, Forex markets tend to be less volatile than other markets, making leverage trading less risky. The volatility depends on multiple factors, most importantly, on the politics and economics of the respective countries, the US and Swtzerland in the case of the USD/CHF pair.
Using leverage in forex trading offers more convenience as compared to borrowing money from a bank. Traders can open a position on the forex market even if they have low starting capital.
Simultaneously, however, under unfavorable market conditions and a lack of a sound trading strategy, the risk of suffering greater losses from trading USD/CHF with leverage is amplified.
You might also be interested in exploring these top forex brokers:
- USD/JPY Forex Brokers
- USD/CAD Forex Brokers
- USD/CNY Forex Brokers
- AUD/USD Forex Brokers
- GBP/USD Forex Brokers
- EUR/USD Forex Brokers
- EUR/GBP Forex Brokers