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AuthorAuthor: Chris Cammack
Updated: Sep 28, 2023
Last Updated On Sep 28, 2023
Chris Cammack

USD/CHF Background

The USD/CHF is an interesting currency pair for many traders. It tends to be negatively correlated to the EUR/USD and the GBP/USD but price movement has historically been reliant on the monetary policy set by the Federal Reserve and the Swiss National Bank.

Like the USD, the CHF is considered a haven currency, which lends it strength in times of economic uncertainties. The Swiss National Bank is also considered particularly aggressive when it comes to monetary policy, with the strength of the CHF, especially versus the EUR, seen as paramount for Switzerland’s export-led economy. Like the EUR/USD and the GBP/USD, the best time to trade the USD/CHF is in the overlap between the US and European markets. Spreads on the USD/CHF can fluctuate quite widely between brokers, with the industry average at 1.6 pips but much tighter spreads can be found.

The table below shows the Forex brokers with the lowest trading costs for USD/CHF, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of USD/CHF.

Best USDCHF Forex Brokers

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Broker
Overall Rating
Official Site
Min. Spread
Commission
Cost of Trading (USD)
Ind. Avg. Spread
Ind. Avg. Trading Cost
Max. Leverage (Forex)
International Regulators
Trading Desk
Hedging
Scalping
Compare
IG
4.69 /5
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70% of retail CFD accounts lose money
2.29 pipsUSD 0USD 22.901.66 pipsUSD 19.20200:1FCA Regulated BrokersASIC Regulated Forex BrokersBundesanstalt für FinanzdienstleistungsaufsichtFinancial Markets Authority of New ZealandDubai Financial Services AuthorityFinancial Services AgencyCommodity Futures Trading AssociationFinansinspektionenMarket Maker
Pepperstone
4.61 /5
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75.8% of retail CFD accounts lose money
0.60 pipsUSD 0USD 61.66 pipsUSD 19.20400:1Capital Markets AuthorityFCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersNDD
Markets.com
4.58 /5
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70.3% of retail CFD accounts lose money
2.70 pipsUSD 0USD 271.66 pipsUSD 19.20300:1FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFSCA Regulated Forex BrokersBritish Virgin Islands Financial Services CommissionMarket Maker
Eightcap
4.53 /5
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N/A of retail CFD accounts lose money
0.19 pipsUSD 7USD 8.901.66 pipsUSD 19.20500:1ASIC Regulated Forex BrokersVanuatuSecurities Commission of the BahamasFCA Regulated BrokersCySEC Regulated BrokersMarket Maker NDD
AvaTrade
4.49 /5
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76% of retail CFD accounts lose money
1.60 pipsUSD 0USD 161.66 pipsUSD 19.20400:1ASIC Regulated Forex BrokersFSCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services AgencyCentral Bank of IrelandFinancial Regulatory Services AuthorityMarket Maker
Tickmill
4.48 /5
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72% of retail CFD accounts lose money
0.40 pipsUSD 4USD 81.66 pipsUSD 19.20500:1CySEC Regulated BrokersFCA Regulated BrokersLabuan Financial Services AuthorityFSCA Regulated Forex BrokersThe Seychelles Financial Services AuthorityDubai Financial Services AuthoritySTP
HFM (HotForex)
4.43 /5
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72.90% of retail CFD accounts lose money
1.70 pipsUSD 0USD 171.66 pipsUSD 19.20400:1Capital Markets AuthorityCySEC Regulated BrokersFCA Regulated BrokersFSCA Regulated Forex BrokersSTP
IC Markets
4.36 /5
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77% of retail CFD accounts lose money
0.79 pipsUSD 0USD 7.901.66 pipsUSD 19.20500:1CySEC Regulated BrokersASIC Regulated Forex BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasECN/DMA
Vantage FX
4.35 /5
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of retail CFD accounts lose money
0 pipsUSD 0USD 00 pipsUSD 0500:1FCA Regulated BrokersFSCA Regulated Forex BrokersASIC Regulated Forex BrokersCayman Islands Monetary AuthorityVanuatuECN/DMA, STP
XM
4.35 /5
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75.33% of retail CFD accounts lose money
0 pipsUSD 0USD 00 pipsUSD 01000:1CySEC Regulated BrokersASIC Regulated Forex BrokersDubai Financial Services AuthorityInternational Financial Services CommissionFSCA Regulated Forex BrokersMarket Maker

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