Fee for buying shares abroad.

fromsiggenthal · #1 04.05.2010, 10:20

Hi all,

I want to know if someone had a situation like me. I bought some shares from Euronext Paris using my bank account. I had to pay a fee to my bank, which is a lot

. Did anyone had a situation like this and what did you do to acoid this?

thanks a lot,

#2 04.05.2010, 10:23

Well contrary to what everyone on this forum (that I've seen) says - don't take financial services from your bank. The fee could be anything from a currency transactions to custody to something else. More than likely it's a "we want your money" arbitrary charge. Find a real broker.

	Quote:	fromsiggenthal
	Hi all, I want to know if someone had a situation like me. I bought some shares from Euronext Paris using my bank account. I had to pay a fee to my bank, which is a lot . Did anyone had a situation like this and what did you do to acoid this? thanks a lot,

Goldtop · #3 07.05.2010, 20:20

The online brokers have the lowest transaction fees.
I have seen Migros Bank advertising low fees.

MrJsD · #4 08.07.2010, 18:30

My analysis of my recent bank charges for buying company stocks on foreign exchanges (range depends on which bank processed my orders) are:
1.16% to 2% for CHF 13,000 to CHF 19,000 per buy-sell transaction
1.36% to 7% for CHF 6,000 per buy-sell transaction
2.04% to 4% for CHF 3,000 per buy-sell transaction
2% to 6.14% for CHF 1,000 per buy-sell transaction

A major portion of the charges on the lower % totals were from the foreign stock exchange, not the bank.

For similar foreign stock changes, total amounts and years, my online broker charges range from 0.19% to 0.7%

Your best approach to fees is to do your own analysis and comparisons. The published fees are subject to interpretation and usually leave out several components.

Some online brokers provide immediate execution. Banks usually take longer, based on my direct experience. If a stock price is changing rapidly, this can prove expensive to your gain-loss.

You can of course, research and compare online brokers via the web. Your personal choice must be based on regulations applicable to you, such as: your residence, your citizenship, your exchanges of interest, access to research, price information, broker access, broker proven performance, authorizations held by the broker, minimums, the broker rules, etc.

#5 08.07.2010, 18:51

	Quote:	MrJsD
	My analysis of my recent bank charges for buying company stocks on foreign exchanges (range depends on which bank processed my orders) are: 1.16% to 2% for CHF 13,000 to CHF 19,000 per buy-sell transaction 1.36% to 7% for CHF 6,000 per buy-sell transaction 2.04% to 4% for CHF 3,000 per buy-sell transaction 2% to 6.14% for CHF 1,000 per buy-sell transaction A major portion of the charges on the lower % totals were from the foreign stock exchange, not the bank. For similar foreign stock changes, total amounts and years, my online broker charges range from 0.19% to 0.7% Your best approach to fees is to do your own analysis and comparisons. The published fees are subject to interpretation and usually leave out several components. Some online brokers provide immediate execution. Banks usually take longer, based on my direct experience. If a stock price is changing rapidly, this can prove expensive to your gain-loss. You can of course, research and compare online brokers via the web. Your personal choice must be based on regulations applicable to you, such as: your residence, your citizenship, your exchanges of interest, access to research, price information, broker access, broker proven performance, authorizations held by the broker, minimums, the broker rules, etc.

Just out of interest - why are you spamming every old, dormant financial thread on here with your weird, out of context rants? Will you be trying to sell something shortly?