Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #41  
Old 20.09.2011, 21:05
Member
 
Join Date: May 2007
Location: Portugal
Posts: 210
Groaned at 0 Times in 0 Posts
Thanked 31 Times in 18 Posts
Sorensen has earned some respectSorensen has earned some respect
Re: Would you recommend SWISSQUOTE.CH ?

I am looking up the costs at different brokers, and I really get the impression they want to make it difficult to compare.

When I look at PostFinance, they mention brokerage fee, Swiss Fed. Stamp Duty and Separate Execution Fee. I suppose you have to add the three?

At SwissQuote, Keytrade and Saxo, I do not see the two latter items mentioned. Does that mean they have to be added or are they included?

Hope someone can enlighten me.
Reply With Quote
  #42  
Old 28.09.2011, 23:54
Guest
 
Posts: n/a
Re: Would you recommend SWISSQUOTE.CH ?

Some guys suggested americatrade and thinkorswim, however from what I read:
Electronic funding transactions must come from a U.S. bank account in U.S. funds.

So tough luck for many of us.

I am not impressed from SQ's interface, seems too outdated, the infos about american products are not as in other platforms and Keytrade seems not to be competitive for Options for example.

Any third reasonable and local option?
Reply With Quote
  #43  
Old 04.10.2011, 15:10
Newbie
 
Join Date: Oct 2011
Location: Geneva
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
fgaudin has no particular reputation at present
Re: Would you recommend SWISSQUOTE.CH ?

I have been using Swissquote for quite a while. They have a good range of products but their platform is not yet completely mature and customer service seems completely disorganised.

Recently I executed an order and the price of the transaction was indicated as CHF30. After executing the trade I realised I had been charged CHF45. When I phoned they explained that a bug in their system meant the wrong price was displayed. Despite many calls and email exchanges they insist that I should have known that the wrong price was displayed and refuse to refund the difference. (They say they are covered for such risks by the terms and conditions that I signed)

It's a small amount that I lost but this experience is indicative of the problems that can occur using startup companies. Be weary of entrusting too much of your savings with such services!
Reply With Quote
  #44  
Old 11.10.2011, 16:53
Newbie
 
Join Date: Oct 2011
Location: Geneva
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
fgaudin has no particular reputation at present
Re: Would you recommend SWISSQUOTE.CH ?

Several letter and email exchanges later and Swissquote have finally refunded the CHF15. It's a shame that they did not do it automatically at the start when I raised the error. I would have been very concerned if it had not been such a trivial amount.
In the end they Swissquote have done the right thing - let's hope this problem was a one off and that customer service will improve.
Reply With Quote
  #45  
Old 13.10.2011, 18:40
Junior Member
 
Join Date: Sep 2010
Location: .
Posts: 32
Groaned at 6 Times in 5 Posts
Thanked 8 Times in 6 Posts
Castor has annoyed a few people around hereCastor has annoyed a few people around here
Re: Would you recommend SWISSQUOTE.CH ?

Quote:
View Post
I am looking up the costs at different brokers, and I really get the impression they want to make it difficult to compare.

When I look at PostFinance, they mention brokerage fee, Swiss Fed. Stamp Duty and Separate Execution Fee. I suppose you have to add the three?

At SwissQuote, Keytrade and Saxo, I do not see the two latter items mentioned. Does that mean they have to be added or are they included?

Hope someone can enlighten me.

Swissquote mentions it (http://www.swissquote.ch/sqweb/tradi..._clients.jsp):

  • The fees, commissions and other charges mentioned do not include any Swiss or foreign taxes or duties applicable (e.g., VAT, Swiss or foreign stamp duty) nor do they include any third-party costs incurred (e.g., by brokers).

I don't think there's any way around paying those duties.... all brokers will have them.

Personally, I'm leaning towards using postfinance, as they have no holding fees.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Swissquote or trade-net quasiexpat Finance/banking/taxation 1 21.02.2011 17:43
swissquote dimli Finance/banking/taxation 4 28.01.2011 23:23
Swissquote Charges Phil_MCR Finance/banking/taxation 22 24.12.2010 21:14
Swissquote or trade-net quasiexpat Finance/banking/taxation 0 01.04.2009 10:11
Swissquote kfcfriend Finance/banking/taxation 5 28.09.2008 21:18


All times are GMT +2. The time now is 15:41.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0