Brokerage fees

[alzec]

YaPasPhoto said
2) Brokerage fees as a percentage and not as a flat rate, which is interesting for buying or selling small volumes and therefore increases the liquidity of the deposit.

They still take a minimum commission.
Detailed prices: https://www.cornertrader.ch/export/sites/cornertrader/.content/.galleries/downloads/PDF/en/Commissions.pdf

[Mystic]

We must not forget that any bank will charge fees. Then, there are those who make nice margins or others who charge on a flat rate basis.

For my part, I opted for Postfinance. I am a small investor who does not trade every day. So given my volume of activity, I believe I have a good product. On top of that, the deposit is free.

As with Postfinance, there are different advantages as soon as you have 25,000 CHF in the account, I also take this parameter into account to choose my choice on this bank. Afterwards, it is up to each person to see the needs they have according to their expectations (fees, clarity of statements, etc.)

However, for overseas stock purchases, I have chosen to go through overseas banks whose fees are low (even on US markets) and whose deposit fees are free. On the other hand, the counterpart wants the retrocessions to go back to the bank, but I consider this normal if there are no deposit fees (the bank has to finance itself somewhere).

[dom67]

A little clarification about CornerTrader. It is actually an introducing broker of Saxo Bank.
The latter being infamous for its inability to manage the taxation of foreign dividends, I therefore advise you to move on if you are a long-term investor. If you trade, it's a different story.

[YaPasPhoto]

Thank you for your feedback.

It is true that in terms of rates, PostFinance seems quite interesting for the occasional investor. On the other hand, transfers are only free to a PostFinance account, which I find unpleasant. If we are only interested in the etrading functionality at PostFinance and the CCP is left with a deposit of less than CHF 7,500, then we must add CHF 60/year in fees for maintaining this account.

Strateo Geneva seems really competitive when it comes to brokerage rates:
https://www.strateo.ch/fr/prices

On the other hand, if there is no trading activity during a semester, there is a tax of 25 CHF.
This therefore comes to 50 CHF / year if you let your wallet sleep.

Custody fees are a minimum of CHF 15 and capped at CHF 35.

Transfers to an account in Switzerland are certainly charged, but at a price of 2 CHF / EUR / GBP / USD. This remains reasonable.

The aspect that seems least attractive to me is the "Other services" section, with in particular tax declarations at 50 CHF and certificates on request at 75 CHF.
Does this mean that no purchase/sale slip is sent by default?
Is there any functionality to print transactions yourself?
Do you have to pay CHF 75 for a year-end portfolio statement and do you have to pay multiple times if the portfolio contains multiple currencies?

Feedback on Stratéo would be welcome. Thank you.

On the security side, Stratéo's "tier 1 ratio" seems lower than CornerTrader's (but note that the last ratio published for CornerTrader dates back to 2013). I was unable to find the tier 1 ratio for Banque Migros.

NB: For businesses, Stratéo applies additional account maintenance fees.

@Mystik: For buying shares abroad, I prefer to go through a platform linked to a Swiss bank, even if it is more expensive. It seems simpler to me to avoid any tax complications and also for reasons of security of the securities portfolio.

[Mystic]

If you deposit part of your 3a with Postfinance, you have reached CHF 7,500 and you therefore have free deposit.

At Postfinance, if you buy foreign shares, you will not participate in the meetings because you are not registered with the register, but you receive the dividends. As for European foreign banks, they are just as safe (I recommend German banks), since they are required to pass the crash test and in the event of a bank bankruptcy, the equity of the shares is not affected.

I have Fortuneo in France too, but the tax certificate is sent in April! While German banks send them at the beginning of January.

[Jerome]

in addition to information at Postfinance, you just need to have assets greater than 25,000.- all accounts combined (current account, savings, trading including share value), to have free access to all their basic services, including debit card, with withdrawals without any fees from ATMs worldwide and deposit fees
Of course, you still have to pay the transaction costs for buying/selling securities

[Mystic]

Very true Jérome. And for the 7,500 CHF for free account management and also on all accounts combined (e-trading, 3a, savings, etc.). So we get there quickly.

[YaPasPhoto]

Thank you for your clarifications, Jérôme and Mystik.

That being said, I don't like the GUI changes that happened a few months ago at PostFinance. It looks like it was designed for a smartphone, but it's really not pleasant to use on a PC. The GUI of Migros Bank or Raiffeisen is something else.

The cost of keeping a PostFinance account (formerly 36.- / year) has jumped to 60.- / year, which is significantly more expensive than with several competitors. Unless, of course, you deposit the amount you want. I don't call that freedom.

Correction regarding Stratéo: I wrote that custody fees are a minimum of 15 CHF and capped at 35 CHF. This is per quarter. So between 60 CHF and 140 CHF per year.
It becomes much less interesting, unless you have a deep pocket.
I do, however, like the way their site presents information, although I haven't tested their platform.

@Mystik : You indicate that you have an account on DKB.de.
Concretely, how does it work if you are a resident of Switzerland, particularly from the point of view of the tax return? Do they send a bank statement or do you have to print a bank statement yourself? Do you have to convert the various bank charges into CHF for the tax return and is this not too laborious? Do these foreign platforms, I am also thinking of Binck (.fr or .be), accept Swiss customers domiciled in Switzerland?

[Mystic]

So with me, using the informal “tu” is possible 🙂

At Postfinance, it's a matter of habit. If you use the e-banking of Migros Bank, you will find many similarities. Note that PF has not changed the graph of the e-trading part much.

For DKB: from the point of view of the tax declaration, they send a statement electronically at the beginning of January. You have the possibility to request the version by post, but it is subject to not excessive fees (off the top of my head, less than 5 EUR per sending knowing that customers domiciled abroad always cost more). Note that customer service is available 7/7 and 24/24!! Rare thing for a bank these days. But when you think that you can trade for 10 EUR (fixed, including taxes and other fees) per trade regardless of the volume, it's incredible! All without deposit or custody fees. This is particularly interesting if you want to trade companies listed on the DAX, see the Mdax and the Techdax. As soon as you leave the German stock exchange, the fees are high. I therefore advise you to open the account if you want to acquire shares in Germany.

If you do the tax return by a computer program, you enter the values in EUR and the system automatically calculates the exchange rate. If you do it manually, there is a table on the average annual rate. You have to take this rate.

For binck.be, I had no problems at all. On the contrary, it's very easy. And they have the advantage of speaking French. The trading fees are quite reasonable and they have a large choice of financial centers, not to mention that the exchange rate is rather advantageous (current rate + 0.45%). In Switzerland, it's rather "current rate + 1.25% (minimum)". For the tax return, no idea, I've been a customer there for a few months. But I asked for the electronic contact option when opening the account.

Note that they have a direct number without dialing 1, 2, 3 depending on the department you want to have. So when I called for a question, it only rang once and someone was already taking care of me! Normally, SEPA payments are made in 48 hours. I asked Binckbank to make a payment to my Postfinance account. I made the request at 9am, at 12pm, I had a text message from Postfinance telling me that the amount had already been recorded! They do an excellent job!

[Mystic]

Now that Postfinance has published its rates for 01.07, are you going to change platforms?

For my part, as a small trader, I quickly did the calculation: one trade per year at more than CHF 5000 and it's still cheaper than the competition!

[Jerome]

https://www.postfinance.ch/fr/priv/prod/eserv/etrade/detail/price.html

It's a bit of a shame that they are introducing a fixed deposit fee of 90.- per year, even if it can be converted into a bonus that can be used during transactions (I still don't really understand the mechanism).
However, it is true that it remains entirely reasonable overall.

I am not going to transfer my positions that I have with them. On the other hand, for some time now I have been working a little more with them Interactive Brokers which has prices that defy all competition.

[Thierry]

Good morning,

I am new to the world of investment (no purchase yet, I am looking into it first). I had opened an e-trading account on Postfinance a little before the change of interface and fee system.
My question: would you use Postfinance e-trading in my situation, or another broker?

Notes: I already have the majority of my accounts with Postfinance.
I don't like their new interface at all, unnecessarily heavy to load and more buggy (e-trading & e-finance).
I took a look at auto signal trading and Interactive Brokers. It seems interesting to me but also more complicated / less familiar to start with. In particular, creating an account with an intermediary that I do not know and abroad, puts me off a little.

Thanks for your advice!
Thierry

[Jerome]

Hi Thierry. Indeed, to start, it is better to attack with good growing dividends like Global Dividend Growers.
Even though the Postfinance interface is cumbersome and unclear, in my eyes they remain the best Swiss intermediary for buy and hold.
And we can always hope that they will improve it.

[Thierry]

Hi Jerome,
Thanks for your quick response!

It would be nice if they improved it indeed; but I don't count on it too much in the medium term since they have probably invested time to arrive at this new heavier version, common to E-Finance, and this heaviness seems to depend on the concept/technology used.
It's a real shame that they've chosen this direction, because apart from that, I'm completely satisfied with their services so far and I actually found their online offering to be strong.

Good evening.

[Ether]

I haven't seen on this forum but does anyone know/use Degiro?

https://www.degiro.ch/fr/

Their prices seem exceptional, but I'm wary?

[Author]

Posts