FINMA helps protect forex traders through esisuisse, the appointed self-regulatory organization for banks and brokers in Switzerland that provides up to CHF 100,000 of depositor protection per customer in the event that a FINMA-regulated broker goes bankrupt. If your broker’s liquid assets can’t cover the CHF 100,000, esisuisse, steps in and funds the disbursement of protected deposits. In addition to requiring that Swiss forex brokers hold a banking license in Switzerland, FINMA is an efficient regulator responding to over 6,000 inquiries in 2022 alone, while supervising more than 500 banks, including 74 securities brokers according to FINMA’s latest annual report. tips_and_updatesGood to know: esisuisse’s payment liability is limited to 1.6% of total deposits in Switzerland (minimum of CHF 6 billion). That amount should be sufficient to cover one broker in the event of insolvency, but might not be enough to cover a systemic event that affects multiple banks at the same time.