Here you will find the right answers
The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.
Show categories
Is there anywhere where I can find a "black list" of illegitimate or irreputable online brokers? Many online services advertise brokerage of stocks, binary options, CFDs, forex, etc. But there is no way of knowing whether a website is backed by an reputable broker or just by good web design. Can you refer me to any black lists available?
Greetings,
There are numerous online trading platforms which are best avoided. Many of these platforms are not operated by registered brokers.
As a general rule, using foreign brokers is also best avoided unless you are a professional trader with a thorough knowledge of the stock market and legal regulations. Using a Swiss broker with a bank license is a much more secure option.
While there are established foreign brokers which are cheaper than Swiss brokers, inexperienced investors may find it difficult to tell which brokers are reliable and which are not.
Swiss financial regulator FINMA publishes a list entitled "Public warnings issued by FINMA" which is updated regularly and lists financial services providers which are suspected of conducting illegal activies. But because this list only includes Swiss financial services providers, its usefulness in determining the creditbility of foreign online brokers is limited.
You can find all registered Swiss brokers which hold banking licenses in the unbiased and interactive moneyland.ch broker comparison.
Best regards from Moneyguru
More on this topic:
Swiss bank deposit guarantees explained
Cost traps in forex trading
Stock trading: Common mistakes
Cheap bank accounts with card
Cheap bank accounts with card
Yuh
No account fees
Banking partner: Swissquote & Postfinance
CHF 20 trading credit with code «YUHMONEYLAND»
Radicant
High interest on your everyday account
Best exchange rates
Up to 1% of card spending as saveback in the investment portfolio
Bank WIR Bankpaket Top
Free account & card
No exchange fees for foreign payments (interbank exchange rates)
24 ATM withdrawals worldwide per year free of charge
Alpian
CHF 100 welcome bonus
Favorable foreign exchange rates
Multi-currency account with Visa card (CHF, EUR, USD, GBP)
UBS key4
50 KeyClub points as a welcome gift
Online private account with debit card
Deal of the Day 
Free bank account
Yuh
No account fees
