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Old 02.08.2011, 15:34
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SwissQuote VS SaxoBank

Hi to all,
I have a Swissquote account and in my opinion it is very expansive (transaction fees)
I have found http://ch.saxobank.com/: itís cheaper and it looks better for the Trading Platforms.
Is anyone trading with them? Any advice or alternative?
Thanks,
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Old 02.08.2011, 18:06
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Re: SwissQuote VS SaxoBank

Hi,

I tried all Saxo, Swissquote, PostFinance, UBS and some others. Finally settled for Interactive Brokers and quite frankly it is the best I have seen so far.

Not only is it very very cheap, commission wise, it also loans you money (say USD) at a measly rate of 1.65%. There are big stocks paying more than 3% dividend (like Johnson&Johnson). Even if you do not want to borrow money, this is the best I have found in terms of commissions.

Hope that helps,
-Ip
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Old 08.08.2011, 17:18
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Re: SwissQuote VS SaxoBank

Hi ipsiety,

Thanks for the reply.
I checked the Interactive brokers web site and I completely agree with you: IB is cheaper compared to Saxo Bank.
As far I know With Saxo Bank the money ďĒis basedĒ is Switzerland, and with IB? And how it works with the taxes?
Thanks,
Pastisse
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Old 08.08.2011, 18:50
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Re: SwissQuote VS SaxoBank

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I tried all Saxo, Swissquote, PostFinance, UBS and some others. Finally settled for Interactive Brokers and quite frankly it is the best I have seen so far.
Hi, I don't quite understand the minimum deposit required by IB. Does that mean I always have to keep 10000USD in my IB account? What happens if I don't? Thanks!
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Old 23.08.2011, 20:56
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Re: SwissQuote VS SaxoBank

Quote:
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Hi to all,
I have a Swissquote account and in my opinion it is very expansive (transaction fees)
I have found http://ch.saxobank.com/: itís cheaper and it looks better for the Trading Platforms.
Is anyone trading with them? Any advice or alternative?
Thanks,
hi pastisse,
I have an account at Swissquote too
I DO think is quite expensive (It's really annoing that if the stock you bought is doing +0.6~1.2% you are still not making money while the bank is)
I am thinking switching to saxo too, do you have some feedbacks?

I am also considering banks that are not based in CH that are really cheap (compared to swiss standards)
like:
http://www.iwbank.co.uk/index.jhtml?...E=STOCK_MARKET

but in these days I think swiss banks are more reliable
did you find out if IB is swiss based?

cheers
J
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