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  #81  
Old 29.08.2015, 22:55
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Re: Low Cost Broker with no Regular/Custody Fees

I specifically asked them and they confirmed that they dont deduct any money. I will reconfirm. Do you know for sure that they do deduct 35%?
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  #82  
Old 25.11.2015, 20:11
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Re: Low Cost Broker with no Regular/Custody Fees

are there any brokerage firms in Switzerland where it is possible to place trades to buy and sell shares over the telephone instead of over the internet and where brokerage fees are low? Who is the custodian of the shares and do they have low custody fees?
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  #83  
Old 29.11.2015, 20:44
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Re: Low Cost Broker with no Regular/Custody Fees

Hi All,

I am thinking of opening an account at Cornèr Trader. Anyone from here has an account with them? Would any of you recommend or not recommend them?

I am a non frequent trader (1-2 trade per month) and would like to trade US and Swiss Stocks, investing around 50 000 CHF.

I also thought of Saxo bank as they seem somehow "more professional" but as far as I know they have a $100 fee every half year. Are there any other "hidden fees" at Saxo Bank?

Thanks in advance for the help.

Regards

Balazs
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  #84  
Old 30.11.2015, 14:41
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Re: Low Cost Broker with no Regular/Custody Fees

Just out of curiosity, what is the reasoning behind using voice for exchange traded products with retail brokers?

These days almost every retail broker will have a perfectly usable phone app which is both fast and I'd say more convenient than discussing over the phone, so if you have to do this stuff on the go, I'd rather do it that way.

If you are trading OTC products then often the only way is to phone the other guy to hammer out a deal, but something like stocks or FX (where spot is not exchange traded, but there's scarcely need/room for negotiation in retail).
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  #85  
Old 05.12.2015, 12:07
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Re: Low Cost Broker with no Regular/Custody Fees

Cornertrade seems good choice. I just opened an account with Strateo. Lets see how it goes
UBS platform is really good though, but their fees are quite tricky.
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  #86  
Old 05.12.2015, 23:36
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Re: Low Cost Broker with no Regular/Custody Fees

Be wary of Saxo inactivity fee.
Corner Trader rates are lower.

Also be aware that some brokers will try to charge you chf50 for a declaration/report.

Thanks for the steer, at first reading their rates seem reasonable, but are those listed the only ones???
https://www.strateo.ch/en/our-fees/

Edit
See the screen shot of their pricing structure.
Buy and selling seems cheap, but annually you will pay far more than you expect.
Attached Thumbnails
low-cost-broker-no-regular-custody-fees-screenshot_20151205-224218.jpg  

Last edited by Burner; 05.12.2015 at 23:55.
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  #87  
Old 06.12.2015, 12:35
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Re: Low Cost Broker with no Regular/Custody Fees

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Be wary of Saxo inactivity fee.
Corner Trader rates are lower.

Also be aware that some brokers will try to charge you chf50 for a declaration/report.

Thanks for the steer, at first reading their rates seem reasonable, but are those listed the only ones???
https://www.strateo.ch/en/our-fees/

Edit
See the screen shot of their pricing structure.
Buy and selling seems cheap, but annually you will pay far more than you expect.
Yes, you should add:
Custody: 0,02% per quarter (min 15.chf - max.35chf).
Tax statement 50chf (same in Cornertrade).

Today I am still wondering if Cornertrade is a better choice... However, I chose Strateo due to a 5 trades for free promotion, which compensate at least 1 year of custody fees. As the closing fee in Strateo is free vs 25chf in Cornertrade, If I dislike the broker I will change.
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  #88  
Old 06.12.2015, 13:00
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Re: Low Cost Broker with no Regular/Custody Fees

I agree, thats why I am exploring my Optionen and consolidating my brokerage accounts.
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  #89  
Old 21.12.2015, 16:43
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Re: Low Cost Broker with no Regular/Custody Fees

Thanks. Which of the trading fees on buying and selling shares are tax deductible for Swiss residents?
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  #90  
Old 21.12.2015, 17:00
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Re: Low Cost Broker with no Regular/Custody Fees

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Thanks. Which of the trading fees on buying and selling shares are tax deductible for Swiss residents?
As they are no capital gains taxes, the costs of buying & selling are not deductible. However you do get about 1/3% deducted against income for management costs. This exceeds wealth tax liability of about 5 million, so it pays to disclose for HNWI & possibly for VHNI but not for EHNWI.
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  #91  
Old 24.12.2015, 09:11
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Re: Low Cost Broker with no Regular/Custody Fees

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you do get about 1/3% deducted against income for management costs. This exceeds wealth tax liability of about 5 million, so it pays to disclose for HNWI & possibly for VHNI but not for EHNWI.

Thank you. Could you kindly clarify


- do you mean 100% of custody fee (which is 1/3%=0.33% of assets undr management) / safekeeping fee can be deducted from gross income?
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  #92  
Old 24.12.2015, 10:39
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Re: Low Cost Broker with no Regular/Custody Fees

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Thank you. Could you kindly clarify


- do you mean 100% of custody fee (which is 1/3%=0.33% of assets undr management) / safekeeping fee can be deducted from gross income?
I does not have to be a fee, it's an allowance against management costs & yes it's deducted from gross income. That exceeds Wealth tax in ZH unto about 5 million, so it usually pays to declare assets.
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  #93  
Old 29.12.2015, 20:58
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Re: Low Cost Broker with no Regular/Custody Fees

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I does not have to be a fee, it's an allowance against management costs

Thanks. May I pls have a precise DETAILED definition of this "allowance against management costs"? what kind of items can go into this allowance?


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An allowance against management costs is deducted from gross income.



If this is an ALLOWANCE, is this something that is automatically deducted by tax advisor during annual tax filings from gross income so there is no point to try to renegotiate with the bank to have higher safekeeping fees (tax deductible) in favour of lower brokerage fees (not tax deductible) as this will make no different on tax return?


what is the maximum allowance per year per couple?
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  #94  
Old 29.12.2015, 22:26
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Re: Low Cost Broker with no Regular/Custody Fees

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Thanks. May I pls have a precise DETAILED definition of this "allowance against management costs"? what kind of items can go into this allowance?







If this is an ALLOWANCE, is this something that is automatically deducted by tax advisor during annual tax filings from gross income so there is no point to try to renegotiate with the bank to have higher safekeeping fees (tax deductible) in favour of lower brokerage fees (not tax deductible) as this will make no different on tax return?



what is the maximum allowance per year per couple?
It's just a box on the form, you write in a no all very simple.

Your always asking quite complicated questions, perhaps you should pay for professional advise as there appears to be a lot of money at stake. Even paying 10k for advise would probably be worth it.
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Old 30.12.2015, 18:00
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Re: Low Cost Broker with no Regular/Custody Fees

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Thanks. May I pls have a precise DETAILED definition of this "allowance against management costs"? what kind of items can go into this allowance?

If this is an ALLOWANCE, is this something that is automatically deducted by tax advisor during annual tax filings from gross income so there is no point to try to renegotiate with the bank to have higher safekeeping fees (tax deductible) in favour of lower brokerage fees (not tax deductible) as this will make no different on tax return?


what is the maximum allowance per year per couple?
In VD it is 1.5 promille of assets (so half of ZH) as a forfait or evidence of a higher amount. the forfait is just a checkbox on the electronic form. details are on EF in several threads.
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