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  #21  
Old 18.03.2010, 20:32
economisto
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Re: Swissquote (online broker) - any good?

Actually most people need someone to hold their hand. The internet is full of morons saying they're profitable traders. 99% of them are liars. Next.
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Price is OBVIOUSLY the most important thing here. Why? Let's say you get into a trade, and things change, and you want to get out. Why should you pay $9.95 a trade or even more when you can pay $1 at Interactive Brokers?

You don't need to call in and get someone to hold your hand and teach you how to trade. The internet can do that easily for you.

IB will explain their platform easily. Even if it's in US dollars, European stocks on the NYSE trading as ETF's will already have the exchange rate factored into the prices anyways.

You can also pay a small subscription fee for eSignal, and that will hook into Interactive Brokers, and then you get awesome real time charting.

Oh ya, when some brokers say that they get better "fills" that's a load of hoopla. Just place a limit order. Something that's web based, and doesn't have an installable platform to trade with is an inexcusable joke, and goes to show why many brokers in Europe are 10 years behind. Don't pay more than $1 per trade or you're getting ripped off.
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  #22  
Old 19.03.2010, 04:47
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Re: Swissquote (online broker) - any good?

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1st. I had my stocks in Credit Suisse account and they were charging me hundreds CHf yearly for holding that account with only benefit of possibilty of consultation with them on stocks.
then changed to squote, and pay almost nothing.
damn another customer who wants to save costs...

what will happen to Swiss banking at this rate?
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  #23  
Old 19.03.2010, 23:56
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Re: Swissquote (online broker) - any good?

So economisto, you are a pro and you trade with Swissquote huh ?
Funny I also met independent managers who traded with CS and UBS and so on and they paid through the nose, well their end-clients that is.
Someone mentioned firms where serious investors do business, and it's not a case of you get what you pay for. You look for professionalism and if you are active you look for a professional platform with rates for professionals and that means rock bottom, that's it .
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  #24  
Old 20.03.2010, 00:11
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Re: Swissquote (online broker) - any good?

That said Swissquote appears to be OK for folks who manage a simple portfolio and never trade . I think they are good if you are a bond investor. For stocks, I wasn't sure if they offered a ticket fee or if it was a percentage of the trade value , percentage commissions are ripoffs. I just checked and it's a tier system and it's still extremely expensive. You just can't trade with that price structure or you are giving away money to the broker. I wouldn' t recommend IB to regular investor. But Boursorama is worth checking out as well for those.
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  #25  
Old 05.06.2010, 08:33
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Re: Swissquote (online broker) - any good?

Buoursama does not offer its services to clients in Switzerland (as in, in CHF). Is that true? I could not find a corresponding website.

Regards,
-Ip
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  #26  
Old 15.06.2010, 15:39
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Re: Swissquote (online broker) - any good?

My first choice is Interactivebrokers. you can trade in up to 20 or more currencies around the globe with just one account. Easy to use, still you can do all kind of strategies, have special traders for forex and options, etc.
And the best: It's much cheaper than the others (Tradejet or Swissquote)
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  #27  
Old 15.06.2010, 18:09
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Re: Swissquote (online broker) - any good?

Hi,

About IB, is this easy to use ? Seems to have a very confusing interface with flashing black/red colors. I did manage to find my way around it, but it would be not easy to get used to.

I am considering them. Are you happy with your account ?

Regards,
-I
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  #28  
Old 15.06.2010, 18:39
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Re: Swissquote (online broker) - any good?

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My first choice is Interactivebrokers. you can trade in up to 20 or more currencies around the globe with just one account. Easy to use, still you can do all kind of strategies, have special traders for forex and options, etc.
And the best: It's much cheaper than the others (Tradejet or Swissquote)
Can a non-US resident open an account with IB?

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About IB, is this easy to use ? Seems to have a very confusing interface with flashing black/red colors. I did manage to find my way around it, but it would be not easy to get used to.

I am considering them. Are you happy with your account ?
Having just seen their commission charges as compared with SwissQuote, then so am I!

If you can open an account for free, then I suggest you open one and find out for yourself.
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  #29  
Old 15.06.2010, 19:08
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Re: Swissquote (online broker) - any good?

i tried to sign up with UBS (since i bank with them) but couldn't find a share trading service.

i remembered swissquote and applied online. got the application the next day.

the application was just posted.

whoever designed the application pack should be given an award. amazingly simple and easy - in fact, the best example of 'good service' i've seen in switzerland.

contrast to my postfinance application that i'm still sitting on after several months because i can't be arsed to muster the mental energy to tackle the application.
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  #30  
Old 18.07.2010, 23:13
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Swiss trading

Hi all

Does anyone knows about Swissquote? or an experienced with Trading?

Thanks
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  #31  
Old 18.07.2010, 23:16
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Re: Swiss trading

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Hi all

Does anyone knows about Swissquote? or an experienced with Trading?

Thanks
Swissquote (online broker) - any good?
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  #32  
Old 18.07.2010, 23:30
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Re: Swiss trading

I use it and there probs the best you will get in Switzerland.

the only annoying thing is trying to get through to them...

you have to wait quite a while till someone on the trading floor pics up..
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  #33  
Old 19.07.2010, 00:03
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Re: Swiss trading

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I use it and there probs the best you will get in Switzerland.

the only annoying thing is trying to get through to them...

you have to wait quite a while till someone on the trading floor pics up..
I guess it may depend when you call, but I normally call during working hours and they normally pick up straight up away (i.e. after one ring)...
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  #34  
Old 19.07.2010, 08:30
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Re: Swiss trading

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I use it and there probs the best you will get in Switzerland.

the only annoying thing is trying to get through to them...

you have to wait quite a while till someone on the trading floor pics up..
Why should one want to phone them??

The point of online trading is that you don't phone them. I have traded with Swissquote and never had to phone them, even during setting up the account...
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  #35  
Old 19.07.2010, 10:28
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Re: Swiss trading

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Why should one want to phone them??

The point of online trading is that you don't phone them. I have traded with Swissquote and never had to phone them, even during setting up the account...
In general you are correct, but it does slightly depend on exactly what you want to trade... Some of the more complex securities are much better done over the phone with one of their traders.
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  #36  
Old 20.07.2010, 23:13
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Re: Swissquote (online broker) - any good?

I guess it depends on how you want to trade, either frequently/daily and therefore benefit from a monthly rate or low rate per trade. If you hold on a long term basis you might benefit from a higher trade cost but low management/maintenance cost. From personal experience I think that swissquote is ok, the usability isn't the best I've seen..but I've heard they have bank guarantee up to 100.000CHF.
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  #37  
Old 21.07.2010, 17:11
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Keytrade Bank

I don't want to abuse the forum for publicity, but as this is directly related to why I moved to Switzerland, can I just add here that there is a new alternative to Swissquote now. We opened the Swiss office of Keytrade Bank (Crédit Agricole) about a year ago to provide more attractive conditions in the Swiss online brokerage market. The market had been very much dominated by one player here for a long time.

Best regards

Patrick
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  #38  
Old 21.07.2010, 18:11
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Re: Keytrade Bank

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I don't want to abuse the forum for publicity, but as this is directly related to why I moved to Switzerland, can I just add here that there is a new alternative to Swissquote now. We opened the Swiss office of Keytrade Bank (Crédit Agricole) about a year ago to provide more attractive conditions in the Swiss online brokerage market. The market had been very much dominated by one player here for a long time.

Best regards

Patrick
Patrick,

I'm not sure the moderators will necessarily agree with me, but I would certainly be happy for you to give us a quick summary of the differences between Swissquote and Keytrade.

Cheers,
GenevaSculler
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  #39  
Old 21.07.2010, 18:38
economisto
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Re: Keytrade Bank

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I don't want to abuse the forum for publicity, but as this is directly related to why I moved to Switzerland, can I just add here that there is a new alternative to Swissquote now. We opened the Swiss office of Keytrade Bank (Crédit Agricole) about a year ago to provide more attractive conditions in the Swiss online brokerage market. The market had been very much dominated by one player here for a long time.

Best regards

Patrick
Please tell us about Keytrade and why it's good.
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  #40  
Old 22.07.2010, 09:27
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Re: Swissquote (online broker) - any good?

I am currently looking for an online trading platfrom that will allow me to trade Euro Corporate Bonds. Swissquote allows this, but I was unimpressed with the service I received in the Zurich Lounge. I have used IB extensively in the past, but their platform (although the cheapest by far) does not offer Euro bonds. Further research led me to Saxobank (http://www.saxobank.com/) and Keytrade Bank (http://www.keytradebank.ch/). My only concern is price and fees. I can check the prices against Bloomberg, so I know how much slippage (or theft) is occuring from the banks. My research shows me that Custody Fees are: Saxobank .03%/ann, Keytrade .08%/ann. Bond Commission: Saxobank .08%, Keytrade .20%. Custody fees are a joke in general, and are not charged by eother Swissquote, nor IB...(whatever happened to the days when the bank paid YOU to take your money, instead of charging to hold your securities and grab fees on both sides of the trade).

I am undecided yet on which way to go, but would appreciate ANY other suggestions for online/low fee eurobond platforms.
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