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Old 02.06.2020, 12:45
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[online broker] TradeDirect or Swissquote ?

Hello all,


I am new to online trading and I have been struggling between TradeDirect and Swissquote to open an account.

I know a lot of people use Swissquote and the platform looks good after trying a demo. On the other hand, I have my salary account in BCV so it seems easy to go with TradeDirect, but unfortunately it doesn't have demo system (why??) so I don't know about the platform. For the cost, TradeDirect offers cheaper quarterly custody fee (10-25 chf vs 15-50 chf) but Swissquote has the advantage of flat brokerage fee for certain products.

As a beginner, my plan is to buy swiss funds for long-term investments. So which one is cheaper for occasional trading?

Thanks!
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Old 02.06.2020, 14:38
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Re: [online broker] TradeDirect or Swissquote ?

What is meant by casual trading can be very different from one person to another so I appreciate the option profile individaule of www.moneland.ch so I can have more criteria to define my profile for a price comparison closer to my situation (buy - hold- hold - hold).

The criteria are: the capital amounts (used for custody fees) and the number and amount of transactions per year.
The categories are Swiss, European and American equities, Swiss ETFs, Swiss bonds and structured products.
Swissquote has a fixed amount for ETFs, in this case the number of transactions per year is important, but the other funds are divided into categories ranging from CHF 9 per trade to 0.50% with a minimum and sometimes a maximum.


The custody fees have the same rate, but the minimum and maximum amount is lower than TradeDirect, in my case this could be the decisive criterion.
I am currently at PostFinance, but they want to introduce a custody account fee for funds in 2022, so I am considering alternatives.



Here the link to the individual profile input data:
https://www.moneyland.ch/en/onlineTrading/index
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  #3  
Old 24.07.2020, 12:46
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Re: [online broker] TradeDirect or Swissquote ?

I would consider doing a bit more QA on some of the more mainstream and international products out there. There are many international platforms that are broader in application (e.g. accessibility of different markets) that may come into requirement (or your advantage) later on.

E.g. Interactive Brokers or E Trade are established and feature rich, whilst Robinhood as launched recently as a zero fee platform more styled at beginners.

Be mindful of the reporting available for tax time and any other needs, like depostis/withdrawals from other currencies.

Hope this helps...
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Old 29.08.2020, 13:51
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Re: [online broker] TradeDirect or Swissquote ?

Hello,

I'm in the exact same situation as you are, I have a swissquote account but I am considering other options if the custody fee is cheaper, preferably under 0.2%. TradeDirect also caught my attention but are there any other banks out there with better alternatives? I just want to buy some stock and funds and keep it for years, even decades. Any ideas?
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Old 23.05.2021, 10:50
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Re: [online broker] TradeDirect or Swissquote ?

Hello



I use both swissquote and cornertrader, and found that swissquote had excellent customer service in the past, now it is often frustrating.


Cornertrader are cheap by Swiss standards and I found their customer service was good until something went wrong and then they were horrible, they make Swissquote look good.



Do people here have any recommendations for an on line broker for US, UK, EU and CH stocks?


Thanks
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  #6  
Old 23.05.2021, 11:03
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Re: [online broker] TradeDirect or Swissquote ?

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Hello all,


I am new to online trading and I have been struggling between TradeDirect and Swissquote to open an account.

I know a lot of people use Swissquote and the platform looks good after trying a demo. On the other hand, I have my salary account in BCV so it seems easy to go with TradeDirect, but unfortunately it doesn't have demo system (why??) so I don't know about the platform. For the cost, TradeDirect offers cheaper quarterly custody fee (10-25 chf vs 15-50 chf) but Swissquote has the advantage of flat brokerage fee for certain products.

As a beginner, my plan is to buy swiss funds for long-term investments. So which one is cheaper for occasional trading?

Thanks!
If you are thinking of buying Swiss funds for long term investment, wouldn't it be cheaper to do so through your bank?

I wouldn't use either of them if this is your goal.
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  #7  
Old 23.05.2021, 11:30
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Re: [online broker] TradeDirect or Swissquote ?

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Do people here have any recommendations for an on line broker for US, UK, EU and CH stocks?


Thanks
For US stocks use Ameritrade. As for the other markets forget em. Waste of time and money.
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  #8  
Old 23.05.2021, 17:55
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Re: [online broker] TradeDirect or Swissquote ?

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If you are thinking of buying Swiss funds for long term investment, wouldn't it be cheaper to do so through your bank?

I wouldn't use either of them if this is your goal.
Absolutely not - the custody fees of most regular banks are not competitive, people stick with them for the convenience of having all their stuff in one place so they know they don't have to compete on price.
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Old 23.05.2021, 18:13
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Re: [online broker] TradeDirect or Swissquote ?

Interactive Brokers.
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  #10  
Old 24.05.2021, 20:08
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Re: [online broker] TradeDirect or Swissquote ?

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If you are thinking of buying Swiss funds for long term investment, wouldn't it be cheaper to do so through your bank?
No, quite the contrary. The account administration fees make this prohibitively expensive.

IMHO Interactive Brokers isn't for everyone, may be a bit too complex for a beginner. Someone who just wants to place a buy order every once in a while is probably better served by one of the older discount brokers, e.g. deGiro, or AmeriTrade if they're suitable. I'd avoid TradeDirect, their management fees are far too high.

Personally, I'd avoid the fintechs for any serious amount. They haven't been tested yet by bankrupcies and stuff, I want to be sure that my securities won't be affected and remain accessible (perhaps with a short interruption) even if the broker goes belly up.
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Old 24.05.2021, 20:22
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Re: [online broker] TradeDirect or Swissquote ?

DeGiro for up to ~30K, IB for above. Reasons are cost / fees and ease of use.
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Old 24.05.2021, 20:27
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Re: [online broker] TradeDirect or Swissquote ?

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IMHO Interactive Brokers isn't for everyone, may be a bit too complex for a beginner.
They are fantastic for anyone with 100k+ in assets or approaching that. Current web/mobile UI is very reasonable - select symbol, enter number of shares/price and click buy, what more do you want??
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Old 25.05.2021, 10:19
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Re: [online broker] TradeDirect or Swissquote ?

Trading 212 - no custody fees, choose your base currency, simple interface, good for beginners, invest in many countries stocks, ETF's etc.

https://www.trading212.com/
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Old 25.05.2021, 11:25
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Re: [online broker] TradeDirect or Swissquote ?

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Trading 212 - no custody fees, choose your base currency, simple interface, good for beginners, invest in many countries stocks, ETF's etc.

https://www.trading212.com/
Im probably going to go with them now degiro have removed pretty much every share I buy (uk investment trusts).
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Old 25.05.2021, 11:29
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Re: [online broker] TradeDirect or Swissquote ?

If you do go with TD212 here’s my referral link and we both get a free shareo you want to get a free stock share worth up to ‎Fr⁠100?


Create a Trading 212 Invest account using this link www.trading212.com/invite/GcCN4q8d and we both get a free share!
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Old 25.05.2021, 12:10
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Re: [online broker] TradeDirect or Swissquote ?

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If you do go with TD212 here’s my referral link and we both get a free shareo you want to get a free stock share worth up to ‎Fr⁠100?


Create a Trading 212 Invest account using this link www.trading212.com/invite/GcCN4q8d and we both get a free share!
Tried to register but they aren't accepting new customers atm. Not a problem as I have a (modest amount of) margin I would like to repay before investing more.
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Old 25.05.2021, 13:10
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Re: [online broker] TradeDirect or Swissquote ?

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They are fantastic for anyone with 100k+ in assets or approaching that. Current web/mobile UI is very reasonable - select symbol, enter number of shares/price and click buy, what more do you want??
yes, but Trader Workstation can be a little intimidating.
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Old 25.05.2021, 13:17
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Re: [online broker] TradeDirect or Swissquote ?

The lower the cost the more other aspects gain weight. Ease of use for example, or the option to place an order by phone for a very modest fee (something like €10 with DeGiro). And of course availability of products.

As for IB, I don't use the app (outside of "hot" times) and webinterface (browser) in order to keep my quick finger under control. "Hin und her macht Taschen leer", the more you trade the more you're likely to lose.
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Old 29.05.2021, 10:11
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Re: [online broker] TradeDirect or Swissquote ?

Thanks very much for all your suggestions
Do you know if these providers offer automatic re investing of dividends?
Is it easy to create a tax report from these providers for a swiss tax return?
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Old 30.05.2021, 10:46
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Re: [online broker] TradeDirect or Swissquote ?

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Do people here have any recommendations for an on line broker for US, UK, EU and CH stocks?
Thanks
Interactive Brokers, all the time! The best out there also for FX conversions.
If you don't need advanced features, their web client is easy to use for both currency conversions and general trading.
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