Online Trading - Page 2

belgo · #21 11.08.2010, 22:13

	Quote:	yaniv
	You can have a CHF account with IB, and trade Swiss stocks. I was using Swissquote for 3 years, until I started trading more frequently. Then the difference in commission was ridiculous - about 10 times more than I pay to IB. Look here to compare commissions: http://www.swissquote.ch/sqweb/tradi...te_clients.jsp http://interactivebrokers.com/en/p.php?f=commission Trading a Swiss stock in 10K, you pay CHF 100 to Swissquote, and CHF 20 to IB. The difference, CHF 80, is 0.8% - meaning you would have to profit almost 1% more just to cover the cost difference. With higher turnover this becomes unbearable. Putting costs aside, you have better trading tools with IB. Trailing stops, bracket orders, scaling in/out. Plus you can trade almost every market under the sun - forex, commodities, futures, you name it. I'd say, if you want to invest you could live with Swissquote. If you want to trade, go with IB.

If you are looking for a Swiss based and regulated broker, Keytrade Bank is CHF 24.95 flat commission up to 20K for Swiss shares and offers all main equity markets in realtime. Commissions for the different markets can be checked here http://www.keytradebank.ch/en/prices

Heinrich · #22 05.09.2010, 22:58

Hi Yaniv,
Do I require to have a "margin account" if I want to be involved in daytrading? They say if you only have a "cash account", the actual "buy" may take up to three days to settle.
(I do not consider short selling.)

yaniv · #23 12.09.2010, 18:48

	Quote:	Heinrich
	Hi Yaniv, Do I require to have a "margin account" if I want to be involved in daytrading? They say if you only have a "cash account", the actual "buy" may take up to three days to settle. (I do not consider short selling.)

You got that right Heinrich, you need that "Reg T Margin" account.

(At the beginning I was not aware of that and opened the regular account. You should have seen my face after my first sale when I learned it will take a couple of days to update my balance.)

Alchemy · #24 16.05.2011, 15:04

Does anyone know the tax situation regarding online trading regarding the base of the country that is hosting the trading platform?

Currently I pay tax in the UK (rental income) and CH (salary etc). I live in CH. If I was to sign up with an UK-based online trading firm would I have to pay tax in the UK or Switzerland?

fatmanfilms · #25 16.05.2011, 16:54

	Quote:	Alchemy
	Does anyone know the tax situation regarding online trading regarding the base of the country that is hosting the trading platform? Currently I pay tax in the UK (rental income) and CH (salary etc). I live in CH. If I was to sign up with an UK-based online trading firm would I have to pay tax in the UK or Switzerland?

You would pay tax where you live for 6 months + 1 day each year. If your originally 'UK Domicile' then it takes UK tax years to escape any UK CGT liability if you were to return to the UK.

I Use Selftrade, Schwab & TD Ammeritrade, as well as post finance, post finance is by far the most expensive & deducts the highest tax at source.

sorrod · #26 16.05.2011, 22:45

Hi. Can anybody tell me if you know anything about Jonathan Lebed and his prediction on shares