Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #21  
Old 30.10.2011, 11:00
Newbie
 
Join Date: Jan 2011
Location: Luzern
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Sr.Professor has no particular reputation at present
Quote:
View Post
does anyone use etrade for US stocks? as my previous entry shows, i am under the impression that US citizens cannot invest on the US market with swissquote. anyone know this from experience?
For sure, and probably every other stock market they offer.
Restrictions come mostly for structured products, like Bank warrants (not common warrants); but you're not loosing much, most of this products are opaque, iliquid and basically represent a "bet" you taking against a given bank, take your chances . Otherwise there are some things not so speculative as Certificates Trackers and so on, that you might no be able as well. Anyway, anytime you enter a "danger zone", you'll have to check being a US or non-US person, so you won't miss it

Concerning swissquote in general, their only advantage, in my opinion is being a swissbank and offering many markets, otherwise, their quite behind the curve compared to US discount brokerages, technically and when it comes to pricing. They're specially expensive if you buy ETF's.
But I guess their still a good choice if you trade rarely and hold for long periods, so the comissions won't add up much. I keep longer term trades with them and use a US broker for shorter term ones.
You can't sell shor either, but I think you don' need it anyway. I'm always amazed that some people seem to care much about that when they start trading, like if selling short was simply the inverse of buying a stock!!

Hope this information was helpfull and wish you good luck.

Quote:
View Post
are US citizens allowed to invest on the US markets using swissquote?
For sure you can (use Swissquote to buy US markets), and probably every other stock market they offer.
Restrictions come mostly for structured products, like Bank warrants (not common warrants); but you're not loosing much, most of this products are opaque, iliquid and basically represent a "bet" you taking against a given bank, take your chances . Otherwise there are some things not so speculative as Certificates Trackers and so on, that you might no be able as well. Anyway, anytime you enter a "danger zone", you'll have to check being a US or non-US person, so you won't miss it

Concerning swissquote in general, their only advantage, in my opinion is being a swissbank and offering many markets, otherwise, their quite behind the curve compared to US discount brokerages, technically and when it comes to pricing. They're specially expensive if you buy ETF's.
But I guess their still a good choice if you trade rarely and hold for long periods, so the comissions won't add up much. I keep longer term trades with them and use a US broker for shorter term ones.
You can't sell shor either, but I think you don' need it anyway. I'm always amazed that some people seem to care much about that when they start trading, like if selling short was simply the inverse of buying a stock!!

Hope this information was helpfull and wish you good luck.

Beware that Saxo Bank isn't a brooker.
They provide CFD's - contracts for diference: check them on the web and find out if they suit you. My opinion is they're poor and opaque speculative tools not suited specially for those who they are aimed to: beginners.
Remember you won't be owning any stocks with them.

Quote:
View Post
Is there anyone else using Saxo Bank? I am looking into opening an account with them...
Beware that Saxo Bank isn't a brooker.
They provide CFD's - contracts for diference: check them on the web and find out if they suit you. My opinion is they're poor and opaque speculative tools not suited specially for those who they are aimed to: beginners.
Remember you won't be owning any stocks with them.

Last edited by jrspet; 30.10.2011 at 11:29. Reason: Merging of successive posts
Reply With Quote
  #22  
Old 05.01.2012, 00:09
jvia's Avatar
Junior Member
 
Join Date: Nov 2009
Location: Zurich
Posts: 99
Groaned at 4 Times in 4 Posts
Thanked 12 Times in 10 Posts
jvia has annoyed a few people around herejvia has annoyed a few people around here
Re: stock trading account- which bank?

Hello All

I have been using Swissquote ever since I moved to Switzerland. I do not trade often, but rather focus on ETFs and Index Funds.

I have been digging into the details of the index funds I am holding and have decided to move to other companies who same the product with much smaller TER fees. The ones I want to move to are not available in Swissquote.

Can anyone tell me other brokers I could use?

I have collected the following options from the forum (but only 1 would be in switzerland as well):
interactive brokers
saxo bank
http://www.keytradebank.ch/en/prices
Reply With Quote
  #23  
Old 05.01.2012, 02:57
Newbie 1st class
 
Join Date: Jan 2012
Location: Zürich
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 3 Posts
sylvain has no particular reputation at present
Re: stock trading account- which bank?

You should check the comparison done by K-Geld. You will see depending on the amount of money you invest and how many transactions you do which broker is the cheapest for you:
http://www.assetinum.com/js/kcfinder...num%283%29.pdf

(sorry the document is in German, but it is quite easy to figure out what the figures mean)
Reply With Quote
This user would like to thank sylvain for this useful post:
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
what bank for a company account? patrious45 Business & entrepreneur 0 27.05.2008 18:02


All times are GMT +2. The time now is 10:58.


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