[dom67]

@birdienumnum Thank you for this very useful additional information with good questions to ask a broker as a future client. It is true that it is not only the price that counts but seen from the outside, it is the easiest to compare. Swissquote having a quasi-dominant position, we read a lot of negative things about their account. This is why I was looking for an alternative like Stratéo which looks good on paper.
The multi-currency account is an absolute must. Not having it would be a disqualification criterion.

@Jerome Tradedirect is mentioned in http://news.investory.eu/wp-content/uploads/Handelszeitung_14032013.pdf in penultimate position. 8300 customers compared to >200000 for Swissquote. No contest.

[dom67]

I also looked into the issue of choosing an online broker.
For German speakers (and others because it's easy to understand), here is a current table (March 2013)
http://news.investory.eu/wp-content/uploads/Handelszeitung_14032013.pdf
and also an article by K-Geld (normally paid but available on the Stratéo site because they are featured well there!) At the very least the tables are understandable even if you don't read German.
https://www.strateo.ch/images/press/01_02_13/K-Geld_01_02_13.pdf

 
In summary, this gives me:
– Postfinance: Interesting for large portfolios (no deposit fees) provided that you make very few transactions because transaction fees are not cheap (35CHF from 5000CHF, 40USD from 5000USD)

– Migros Bank: Interesting if placing very large orders, thanks to the transaction fee capped at CHF 40, but high deposit fees

– Swissquote has correct rates for deposit fees but average for brokerage, or it quickly becomes expensive for orders exceeding 10,000 (50 from 10,000 to 15,000 and 75 from 15,000 to 25,000). Swissquote is however interesting for the purchase of partner Funds / ETFs at a rate of 9CHF

– Stratéo, a newcomer that isn’t one, since it’s the former Keytrade, seems rather interesting with deposit fees capped at 100CHF per year and competitive transaction rates, even if we can deplore the overly wide bracket of 2000-20000 for 24.95CHF. As I like to spread my orders in tranches of 10000 for price smoothing purposes, this would force me to pay 24.95CHF twice to invest 20000.
For the purchase of ETFs, Strateo also offers a rate of 9CHF but only for Commerzbank ETFs.

So my understanding is this:
– With a large portfolio and very few or very small transactions, Postfinance is the most interesting
– For the purchase of Funds / ETFs, Swissquote is the most interesting
– The best mix might well be Stratéo. Does anyone have any experience with this broker to share with us? Thanks in advance.

[dom67]

Jerome said
Otherwise another possibility: you don’t declare anything…

Yes indeed, in the short term, not declaring anything still works in Switzerland but with everything that is currently being discussed on the automatic exchange of information, in a short time the banks will also transmit the data to the Swiss tax authorities and then, it could cost a lot + fine + interest.

Well, it's no joke in France! If you're treated like that, I'm not surprised that you prefer to hide everything from the taxman!

In France, the taxpaying citizen is at the service of the State and not the other way around as should be the case.

 

 

[dom67]

No, I don't dare ask the tax authorities any questions.
An old trauma that I have kept from France, where when you ask a question, you don't get the answer but a tax audit!
I will ask my banker about it though. He should know that.
It still surprises me that no one is in the same kind of situation as me. Of course it is better to invest directly in stocks but on some markets it is almost impossible and then ETFs are so widespread these days.

[dom67]

Well, I continued my research and found this site: http://www.ictax.admin.ch/static/fr/index.html
I found data for a few funds there but nothing for almost all foreign funds.
So if anyone, resident in Switzerland and having in their portfolio funds/ETFs not referenced by the tax administration, could tell me how the tax declaration works, I would be infinitely grateful.

[dom67]

Ok thanks, I'll dig into that.

[dom67]

Thanks for your answer. I asked the question in general but I was mainly thinking about exotic market ETFs or portfolio funds of funds like Templeton Global Total Return or M6G Optimal Income.
I assume that the tax software only handles products referenced in Switzerland. So I would not be interested in buying a US ETF, such as Vanguard.

[dom67]

Good morning,

Are any of you invested in equity, bond or mixed funds and/or ETFs?
I read that in Switzerland it is necessary to declare the return on securities contained in Funds/ETFs as income even though the money is reinvested.
If this is true, how can we know what part of the performance corresponds to yield and what part to added value?
Better yet. What happens if the market goes down?
Example: Decrease of 20%, return of 5%.
My fund which was worth 100 is now only worth 80. If we add the yield it is worth 85.
So I lost 15 but have to declare the 5 as income. Am I right or wrong?
If anyone has experience in this area, I'm interested. Thanks in advance.
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