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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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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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