Re: [online broker] TradeDirect or Swissquote ?
Reviving this thread, as ongoing user of TradeDirect. I've been with BCV for 7+ years, where 5 of those we were in Private Banking, so low costs, good service, etc.
Last year, we were "fired" from BCV Private Banking as we were "not using any of their services, not buying any of their funds or following advice sent by mail". Essentially, if you know what you are doing TradeDirect is painfully expensive - we went from zero custody fees to CHF 750+per year across all accounts (individual, joint, kids college fund). I hate being back-dated on contracts, and am trying to leave - lo and behold, BCV are pulling out fine print where they are forcing us to stay holding the kids' brokerage accounts hostage. We now need to appear in front of a judge and argue that keeping the kids' brokerage with BCV (their college fund) will cost each kid CHF 7,500 more until age 18 compared to Interactive Brokers, for example...
We're soon meeting in person our ex-private banking advisor, where I hope common sense will prevail - if not, I'll be spending additional money on lawyers to manage the kids' money in their best interst (and not favor BCV/TradeDirect).
If you qualify for BCV private banking - tooling and variety are excellent for buy-and-hold investors. For all other scenarios, do more research and take your money elsewhere.
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