While NFA makes its requirements more strict for the Forex brokers operating in U.S. and the senate tries to enforce the regulation with CFTC, more and more brokers choose Switzerland as their primary location. Swiss regulation is reliable and authoritative, but now it remains more liberal than in U.S. Exto Capital is a Forex broker based in Switzerland (operated by Exto Financials). They offer downloadable and browser-based trading platforms, 2 pip spreads and high quality conditions for VIP (high volume) traders. Exto Capital offers mini-Forex accounts, but the minimum account size, even for mini, is $5,000.