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She doesn't necessarily have to sell them. She can transfer the shares as they are, at least with IB. I don't know the price though. With DEGIRO I haven't found this option yet. Maybe because I haven't bought any shares yet.
At degiro there is a form to fill out and send by email. It costs €10.00 per line + external costs.
In short, peanuts compared to what is done in Switzerland. Even Mr. Prix believes that the price of a transfer of securities is disproportionate to the work generated.
Well, I just placed my first order with DG, twice as expensive as IB, but still reasonable (20 bucks).
Indeed, Mystik, the transfer fees for securities in Switzerland are a scandal. You almost have an interest in reselling, transferring the cash and buying back right after.
After just over a month of use, here is a first assessment.
The brokerage fees are attractive compared to what is done at most banks and brokers, especially in Switzerland. On the other hand, the fees are still much higher than IB.
There are certainly a fair number of Japanese small caps there, but not all of them, unlike IB.
After opening the account, it is not possible to trade certain stocks immediately, especially Japanese small caps. You have to pass a certain number of tests to show that you know what you are doing. This stigmatization of these stocks is surprising... Probably a residue of the paranoia of the bursting of the Japanese bubble in 1990...? At the same time, the questions are not too complicated.
There are some somewhat curious limitations and blockages with respect to certain orders. For example, still on Japanese securities, market orders are limited to a certain number of shares, sometimes even just one (even if the price is small). Of course, this is not catastrophic, since you can use a fairly large limit order, but I don't see the purpose of these restrictions.
The platform itself is user-friendly, intuitive and easy to use (much more so than IB's web platform). A good point on that side. I didn't need to install the application, so I can't comment on the latter.
In short, not bad, but not great. I still much prefer IB. Given the absence of certain stocks, the slightly higher rates and the slightly strange restrictions, for the moment I currently only have one position and I don't think my portfolio at Degiro will grow significantly in the near future, at least not for Japanese stocks. This could change if the Swiss and American markets become cheap again one day.
Thank you Jérôme for this feedback. For my part, I am still waiting to see what the Swissquote – PostFinance alliance will propose before making up my mind.
I had a new idea: as I wrote before, opening a second account in your name with the same broker is not a great alternative for security reasons. On the other hand, I could open another account in my wife's name (so with a different email, login, password, ...)
I thought of this alternative because PostFinance is currently offering a really interesting deal: 500 francs of trading credits (brokerage) offered, to be used by 31.12. This basically allows you to make about twenty share purchases for zero francs.
What do you think of this idea? It would also have the administrative advantage that all my trading accounts would no longer be in my name. If, for example, I get hit by a truck, my wife would have direct access to this/her account.
Bro, I hope you don't get hit by a truck, my God!
The idea is good, especially to take advantage of their offer. In terms of security, I don't know if it really brings a big plus. If your PC and/or network is hacked, you get both passwords hacked. And then anyway, there is two-factor authentication, so the security risk is very low.
And from a financial institution security point of view, you don't diversify. At the same time, there too, the risk is very low with Postfinance.
Ultimately the only big risk with your solution is that your wife will go to the Caribbean with your money :)
LOL, I would rather go under a cannon than under a truck, but hey, in life you can't always choose. 😉 On the other hand, if my wife goes to the Caribbean without me, I will definitely take a closer look at this cannon story!
FYI, I just saw that BCV was doing more or less the same promotion as PostFinance, except that in addition to the 500 fr brokerage fees they charge up to 500 fr in securities transfer fees. It seems super interesting, except that when you read the offer in detail you discover the scam: the offer is only valid for the Swiss stock market and above all you have 1 month (!!!) to use these trading credits, after which they expire… So basically you have to buy about twenty securities in one month if you want to take advantage of their offer. Very realistic… 🙁
And BCV regularly makes an offer (in fact all year round, but they adapt the dates, duration and amounts depending on the period). So you just have to wait and an offer will come back 🙂
Finally!!! We will know on May 11th what this new YUH app has in store 🙂
Well, the first impression with Yuh is frankly not extraordinary and I don't think I'll open an account with them.
Positive: no deposit fees.
Negative: brokerage fees of 0.5% / minimum 1 fr. It's ok for small amounts but not at all for large ones. For example for a position of 10,000 fr it represents 50 fr, which is not at all competitive with Corner!
I can understand that the pricing policy does not please everyone.
Personally, I see (finally) the opportunity to be able to have an average purchase price of shares at a lower cost. Until now, either I invest everything at once, or I buy the shares in stages (and therefore with high brokerage fees) or I have to go to a bank in Germany to be able to invest every month in shares (like a fund savings plan).
This time, there is finally an opportunity to regularly buy shares of company X to get an average price.
What I don't like, however, is the fact that it lacks options like tax certificates, etc. And of course, as with any bank on an App, in the event of my death, few people will know that I have an account with them.
However, if there are people who want to register, to benefit from the welcome offer, they can choose my sponsorship code: baibe7
Ah Mystik, you don't lose your bearings;
Well, a little competition is always good, but frankly all these apps are starting to look alike. Between those of traditional banks, those of neo-banks, and now the joint ventures, we have a nice choice, and that's a very good thing, but I don't really see any real interest in having one or the other.
The central issue is obviously that of the rates. As you say bro, from this point of view, Yuh is still quite expensive for large amounts. This is not really surprising, because they seem to target "young people", a bit like Neon (which does not offer the possibility of investing directly - but it offers services from other associated startups). I recently opened an account with them for my small business. During the identification process, I had to go through a 2-minute mini-video call during which a girl who could have been my daughter spoke to me informally while asking me questions. This has its charm, in times of Covid it is always good to take 😉 In any case, it's a change from the serious bankers in suits and ties of the time who were expensive and brought no added value.
We will also have to see what FlowBank is worth: https://www.dividendes.ch/forum-2/topic/flowbank/#post-410791
Haven't really heard anything about this, other than what I already mentioned in the post regarding pricing.
In short, you have to make your choice and for investing I'm sticking with IB and DG for now, with a bit of Postfinance for the b&h. Corner would have interested me, just a shame that there are very few Japanese market stocks that are negotiable.
I have been with Degiro for 7 months.
Overall, I have a fairly mixed assessment.
The prices are certainly quite cheap compared to what we know in Switzerland, but much more expensive than IB.
The interface, which is intuitive at first glance, hides some curious limitations with respect to certain orders that one would like to place (e.g. the impossibility of setting market orders for certain values). Nothing serious of course, one can easily get around the problem, but it makes things more complicated.
More annoyingly, some orders are curiously cancelled without reason and without warning. For example, I recently placed a continuous limit order (equivalent to a GTC – good Till cancelled). The order was not placed, for no reason. So, as it was normally still active (continuous) I wanted to cancel it to be able to place an order with IB, but impossible. I contacted customer service who told me that I had cancelled the order… Which is not the case.
In short, a little disappointed all the same, after all the good things I had heard about it on the web. It must be said that IB sets the bar very high and that we can only be disappointed by their competitors.
However, I will keep DG for a few positions, for example ETFs or not too exotic securities, sufficiently liquid, for the purpose of diversification.
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