View Single Post
  #17  
Old 11.09.2017, 07:35
ivank's Avatar
ivank ivank is offline
Forum Veteran
 
Join Date: Feb 2012
Location: ZH
Posts: 1,854
Groaned at 68 Times in 58 Posts
Thanked 1,627 Times in 902 Posts
ivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond repute
Re: Online trading in Swizerland

Quote:
Swiss stamp tax is 0.075% for domestic, 0.15% for foreign companies. Negligible if you buy to hold for many years.
Go with a discount american broker (Schwab, IB, and so on) and the costs will be negligible even if you buy and hold for a single day!! You also forgot currency conversion fees, which easily amount to 1-2% with swiss brokers. And higher dividend withholding taxes: 30% "thanks for choosing swiss" instead of normal 15% on american stocks.

Quote:
Postfinance is usually a very good choice, both as bank and as broker.
I beg to differ, shitty choice like most swiss brokers, very expensive. Btw, if you didn't know, swiss deposit protection doesn't cover securities...
Reply With Quote
The following 2 users would like to thank ivank for this useful post: