Investing in the stock market has never been easier, thanks to the numerous online trading apps available today. Among all options available, you will need to make a choice, and finding the best trading app in Switzerland can be difficult.
There is an overwhelming amount of options to choose from, and if you do not do research, you can end up in a platform that could be difficult to use, expensive, unsafe, or simply limited considering your investment profile and experience.
Fortunately, we successfully analyzed many trading apps before, and conducted multiple trading app reviews, so that we can clarify some of your doubts and help you make an informed decision! In this article, we listed the best stock trading apps in Switzerland, comparing their specificities and highlighting their strengths.
Best stock trading apps in Switzerland
eToro | Best for social trading
Established in 2007, eToro is a fintech company that allows its 30+ million investors to safely invest in multiple assets such as stocks, ETFs, commodities, CFDs, FX, or cryptocurrencies. The social-trading platform is user-friendly, comprehensive, and functional.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Plus500 | Ideal for CFDs
Plus500 is a multi-asset online broker with commission-free CFDs in Indices, Forex, Commodities, Cryptocurrencies, Shares, Options, and ETFs. It recently launched Plus500 Invest for those who want to invest in real shares.
DEGIRO | Best for Commission-Free ETFs
A leading European discount broker with over 2.5 million users that offers discounted stock trading fees, access to many international exchanges, and zero-commission ETF trades.
XTB | Best for forex and CFDs
Headquartered in Poland and listed on the Warsaw Stock Exchange, XTB offers access to a range of CFD on stocks on its trading app where you can also trade Forex at a competitive price.
Saxo Bank | Best for powerful trading tools
Full-service broker who offers stocks, ETFs, bonds, derivatives, crypto, and other products. You can access 36 different markets overseas from Switzerland using their powerful trading apps.
Best stock trading apps in Switzerland compared
|Broker||Fees on stocks||Minimum deposit||Trading apps||Swiss stocks available for trading|
|eToro||$0 for buying and selling stocks
(spread and conversion fees may apply)
|Interactive Brokers||Between $0.0005 and $0.0035 per US share. Between 0.01% and 0.08% for other markets.||CHF 0||IBKR GlobalTrader , IBKR Mobile and Trader Workstation||✔|
|Plus500||$0.006 per share on US stocks and 0.045% on European stocks with a minimum of €2 per order.||CHF 100||Plus500
|DEGIRO||For US stocks: €1 for commissions + €1 for a Flat Handling fee (External cost). For EU stocks: €3.90 for commission plus €1 for a Flat Handling fee.||CHF 1||DEGIRO||✔|
|XTB||$0 on the CFDs on stocks (0.30% markup included on the spread)||CHF 0||xStation 5||✘
(Only CFDs on Swiss stocks)
|Saxo Bank||Between $0.01 and $0.02 per US share (minimum between $1 and $5 per order)
Between 0.05% and 0.35% for other markets.
|CHF 2,000||SaxoTraderGO and SaxoTrader Pro||✔|
74% of retail CFD accounts lose money.
eToro at a glance
eToro is a broker founded in 2007 which is famous for its social trading features. Today, the fintech is one of the most well-established in the world, with over 30 million users, offering more than 3,000 different assets and stocks from 17 different stock exchanges, including from the SIX Swiss Exchange.
eToro’s trading app, which can be web-based or mobile-based, is a social trading platform that allows investors to discuss investments, speculations, and market news with other traders, copy strategies, or open a demo account. Both apps have comprehensive and user-friendly interfaces where you can intuitively trade commission-free stocks from many countries such as the US, Switzerland, the UK, Germany, and many others. Besides, the app also offers ETFs, cryptocurrencies, and CFDs.
The broker provides reliability and safety: it is regulated by top-tier authorities such as the FCA, ASIC, and the CySEC, your funds will be segregated and also secured by up to 1 million Euros, due to private insurance. If you are still not convinced or want to know more about this subject, we prepared an article about the safety of eToro.
Considering all these factors, eToro is a solid option for beginners, intermediate and experienced investors, and it has one of the best stock trading apps in Switzerland. Please check our eToro review if you would like to know more about their services.
#2 Interactive Brokers (IBKR GlobalTrader)
Interactive Brokers at a glance
Interactive Brokers has proven to be one of the most reliable brokers in the market. The company was founded over 40 years ago and survived many financial crises, making it a well-established and trustworthy broker, regulated by many top-tier regulators. They operate in the Swiss market via Interactive Brokers U.K. Limited, authorized and regulated by the Financial Conduct Authority (License No208159).
They offer trading apps to trade stocks with sophisticated and powerful tools, a wide range of products available for trading, and low prices. The broker offers different mobile apps and web-based platforms that should be used according to your knowledge and experience. The mobile app IBKR GlobalTrader is a user-friendly app suitable for beginners because it simplifies investments without losing the powerful tools for which the broker is famous.
If you want to make the most out of the powerful tools the broker provides, you can use the IBKR Mobile, a complete and sophisticated trading app where you can trade stocks, ETFs and options. As the features of this app can be overwhelming for beginners, we would recommend the IBKR GlobalTrader if you do not have a lot of experience.
In addition to the mobile apps, you will also find a desktop app and web-based apps where you have sophisticated trading tools to access the Swiss and the global financial markets. Overall we believe that Interactive Brokers offers one of the best stock trading apps in Switzerland, and you can find what you are looking for irrespective of your needs! Please check our Interactive Brokers review if you want to know more about the broker.
82% of retail CFD accounts lose money.
Plus500 at a glance
Plus500 is a broker based in Israel that was founded in 2008 and whose shares are traded on the London Stock Exchange. It is regulated by top-tier authorities such as FCA and CySEC and is available in many countries, including Switzerland, where the broker operates
The broker provides a mobile app named Plus500 and a web-based platform called WebTrader. Both are comprehensive and easy to use, and you can test their features by opening a demo account.
It is very important to differentiate the two different accounts you can access within the trading platforms: Plus500 CFD and Plus500 Invest.
In Plus500 Invest you can trade stocks (real shares of the companies). In Plus500 CFD, on the other hand, you can only trade CFDs on several financial instruments. The distinction is important because CFDs are leveraged and riskier products which may exacerbate your losses.
Overall, the broker offers a solid stock trading platform for Swiss customers. The platform has low costs and reliability, interesting features and products for beginners and experienced traders, and good usability. You can trade stocks and CFD stocks from multiple exchanges, including the SIX Swiss Exchange. As a downside though, you will not have access to ETFs. If you want to learn more about Plus500, please check our Plus500 review.
Investing involves risk of loss.
DEGIRO at a glance
DEGIRO was launched in 2013 in the Netherlands and is currently one of the most famous online brokers in the world. Supervised and regulated by the BaFin and AFM, German and Dutch authorities, respectively, DEGIRO provides a reliable, trustworthy, low-cost, comprehensive, and simple stock trading platform.
The broker offers a trading app available for mobile phones (Android and iOS) and a web-based platform. The interface is user-friendly and comprehensive, and the app was considered the “Top Rated Overall Investment Platform & Investment App 2020” by the Financial Times and Investors Chronicle (UK), indicating why it is one of the best stock trading apps in Switzerland. The trading app has great educational resources, no inactivity, account opening or withdrawal fees and provides commission-free ETFs (core selected list).
The broker is suitable for investors of all levels, as it combines a broad and diverse offer of assets to invest and a comprehensive trading platform with low costs. We encourage you to check out our DEGIRO review if you want to learn more about the broker.
79% of retail CFD account lose money.
XTB at a glance
XTB is a company founded in 2002 in Poland that offers CFD stock trading apps in Switzerland through the subsidiary XTB Limited (CY), authorized and regulated by the Cyprus Securities and Exchange Commission in Cyprus (License No.169/12). It is important to consider the safety of a platform when choosing the best stock trading apps in Switzerland, and XTB is licensed in many jurisdictions and regulated by top-tier authorities such as the FCA.
The award-winning trading app XStation, available for mobiles and desktops, enables you to trade a wide range of instruments, gives you access to several technical analysis tools, allows you to copy the trades of other investors, and provides you with comprehensive educational resources. However, you will only be able to buy CFDs on stocks (including CFDs on Swiss stocks). Therefore, you will not have direct exposure to stocks, only indirect exposure via the derivative. We must note that this is a complex and risky financial instrument in which most investors lose money when trading on the platform.
In any case, with no commission on the CFDs on stocks, access to the Swiss market, no minimum deposit, great educational resources and a free demo account that can be used for a month, XTB is a good and reliable option for beginners and advanced investors, provided that you understand the risk of investing in CFDs. This puts the platform in fifth place on our list of best stock trading apps in Switzerland. If you want to find out more about the broker, please check our XTB review!
#6 Saxo Bank
Saxo at a glance
Saxo Bank is a Danish bank founded in 1992 and is a reliable option for advanced traders and beginners and providing safety, fair prices, and useful tools. The Bank is established in Switzerland with a banking and capital markets license (UID: CHE-106.787.764) and regulated by the Swiss Financial Market Supervisory Authority FINMA.
The bank offers a comprehensive and customizable mobile trading app which is among the best in the market: SaxoTraderGO. As the name suggests, SaxoTraderGO is a user-friendly, customizable, and award-winning trading platform that can be used by experienced investors and beginners. The app has a mobile and a desktop version. Differently, SaxoTraderPRO is a desktop-based platform (that works on windows and MAC) developed for advanced traders, due to its level of detail and complexity. The app is extremely customizable, offers sophisticated tools to analyze and track your performance, and can be used on up to 6 different screens.
Considering that the trading apps have excellent educational resources, low prices, and an impressive range of tradable assets (which include Swiss stocks and ETFs), Saxo deserves to be featured on our list of the best stock trading apps in Switzerland. The only downside we could think of is that, after registering and completing the verification, you will need to fund your account with at least CHF 2,000 to start trading, which can be burdensome for some beginners.
When making this list, we wanted to help investors in Switzerland to make an educated choice when choosing the best stock trading app. Each of the trading apps that we presented has its main features and we tried to provide a diverse list that will suit the needs of different profiles of investors. In any case, this is what we took into consideration:
- Prices: the price cannot be the only aspect to be considered when choosing the trading app to invest in, but it is definitely important, you do not want to pay more for a service when you can get the same quality for cheaper prices.
- Educational resources: high-quality educational resources may be a great advantage, especially for beginners, who can use them to educate themselves before investing money.
- Range of products and markets available: Does the app offer real stocks and ETFs or only CFDs? Does it have crypto?
- Access to the local market: all trading apps in this list allow you to invest in the Swiss market.
- Customer service: irrespective of your choice, problems almost always appear, and it is important to find trading apps developed to help you when it does happen.
- The trading app itself: of course, we took into consideration the functionalities and usability of the platform, as well as its specific features.
- Security: all platforms in the list are regulated by top-tier authorities.
The bottom line
To summarize, here’s the list of “Best stock trading apps in Switzerland”:
Best stock trading apps in Switzerland
It is hard to choose the right stock trading app in Switzerland. Luckily, we helped many people in the same situation before, and we can help you now. To facilitate your choice, we listed a few of the best stock trading apps in Switzerland in our opinion, comparing what they can offer and highlighting their strengths.
We know that trading stocks is a good way to achieve financial freedom, but, like everything in life, there are risks involved. We hope that our analysis was enough to help you make an educated decision that acknowledges those risks, whether you are experienced or a novice in the world of trading.
In any case, keep on studying, do due diligence, know your investment profile, and invest wisely! Please let us know if the article was helpful and if you have any other doubts or feedback!
What is the difference between a stock and a stock CFD?
While the stock gives you a property right over a share of the company, the CFD does not. The stock CFD is a derivative contract where the underlying asset is the stock and where the broker promises to pay you back the difference in value between the time you opened the position and the time you close it. CFDs have a leverage effect: if you buy a stock CFD and its price goes down, you will need to borrow money from the broker to keep the position open. This makes the instrument a risky option that is not suitable for beginners.
Is Webull available in Switzerland?
No, the US-based stock trading app Webull is not available in Switzerland.