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Old 26.02.2010, 18:11
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Swissquote (online broker) - any good?

Hello everyone,

I am thinking of investing, but am total rookie. Have read through some of the threads on this forum about invesments in CH (thanks for the info.).

Has anyone used or heard of the online broker firm called Swissquote (
www.swissquote.ch)? It's HQ is in Kanton VD and has an office in Zurich. Any information or advice on them or other online broker is much appreciated.

Cheers and have a great weekend!!!

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  #2  
Old 26.02.2010, 18:48
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Re: Online Broker

Swissquote is reputable and good. I started using it after a lot of the guys at Credit Suisse told me they use it.

There's a pretty simple way to start up. If I remember, they send you some form in the post and pop over to the post office with some ID, and then you're good to go.

You pay something like 20 francs a year for the account, but it pays interest on your balance.
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Old 26.02.2010, 19:00
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Re: Online Broker

i recently joined them, my account was set as fast as the post was. they had to reply to the application the day they got it, as well the other (simple) paperwork. the 2 orders were executed within seconds. the fees are really low, better than anything i have found here. exept in some categories of orders, were postfinance was a little cheaper. the online tools that they provide you with are exellent!

EDIT: ah, and the best thing: when i opened an account, i recieved this fatboy worth of 180 bucks for free
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Old 26.02.2010, 19:02
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Re: Online Broker

Have you considered a search on EF for swissquote??
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Old 27.02.2010, 23:31
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Re: Swissquote (online broker) - any good?

Have used in for a few years and happy with it.
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Old 28.02.2010, 16:17
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Re: Swissquote (online broker) - any good?

I'm in the same boat...what confuses me is advantages of the portal like this swissquotes.ch and for example trading with UBS or PostFinance...what are the advantages or disadvantages of each?
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Old 12.08.2012, 20:34
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Re: Online Broker

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Swissquote is reputable and good. I started using it after a lot of the guys at Credit Suisse told me they use it.

There's a pretty simple way to start up. If I remember, they send you some form in the post and pop over to the post office with some ID, and then you're good to go.

You pay something like 20 francs a year for the account, but it pays interest on your balance.
I did the same and opened a Bank account in Swissquote, but it is not quite the way I was told, as my idea was to open a Current Account for transfering or managing money and NOT doing any on line trading or paying brokers whatsoever!...
Anyone of you out there could be so kind and give me a much clear picture of it, or at least let me know if can be safe to go on and transfer money on this account (advantages and risks associated)? ...
Many thanks in anticipation.
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Old 02.01.2013, 19:47
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Re: Swissquote (online broker) - any good?

Bumping this thread on Swissquote. I'm thinking of opening an account. For those of you with accounts already, when you do the passport certification process at a post office, are you required to show your permit also?

Thanks,
DavidSJC
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  #9  
Old 02.01.2013, 20:22
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Re: Swissquote (online broker) - any good?

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO O

I used to work for their online FX trading platform, owned and operated by Advanced Currency Markets. And now bought by Swiss Quote.

Let's just say you need to google "Advanced Currency Market" and "Geneva police raid ACM headquarters in Geneva" and "fraud"

enough said.

I can say a lot of things but prefer to communicate via IM.
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Old 03.01.2013, 10:53
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Re: Swissquote (online broker) - any good?

this is the news I am referring to - police raid offices of ACM - ACM is owned by Swissquote.

http://www.allforexworld.com/Snaps/?...ice-in-a-suspe
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Old 18.03.2010, 20:24
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Re: Swissquote (online broker) - any good?

Price is OBVIOUSLY the most important thing here. Why? Let's say you get into a trade, and things change, and you want to get out. Why should you pay $9.95 a trade or even more when you can pay $1 at Interactive Brokers?

You don't need to call in and get someone to hold your hand and teach you how to trade. The internet can do that easily for you.

IB will explain their platform easily. Even if it's in US dollars, European stocks on the NYSE trading as ETF's will already have the exchange rate factored into the prices anyways.

You can also pay a small subscription fee for eSignal, and that will hook into Interactive Brokers, and then you get awesome real time charting.

Oh ya, when some brokers say that they get better "fills" that's a load of hoopla. Just place a limit order. Something that's web based, and doesn't have an installable platform to trade with is an inexcusable joke, and goes to show why many brokers in Europe are 10 years behind. Don't pay more than $1 per trade or you're getting ripped off.
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Old 18.03.2010, 20:32
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Re: Swissquote (online broker) - any good?

Actually most people need someone to hold their hand. The internet is full of morons saying they're profitable traders. 99% of them are liars. Next.
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Price is OBVIOUSLY the most important thing here. Why? Let's say you get into a trade, and things change, and you want to get out. Why should you pay $9.95 a trade or even more when you can pay $1 at Interactive Brokers?

You don't need to call in and get someone to hold your hand and teach you how to trade. The internet can do that easily for you.

IB will explain their platform easily. Even if it's in US dollars, European stocks on the NYSE trading as ETF's will already have the exchange rate factored into the prices anyways.

You can also pay a small subscription fee for eSignal, and that will hook into Interactive Brokers, and then you get awesome real time charting.

Oh ya, when some brokers say that they get better "fills" that's a load of hoopla. Just place a limit order. Something that's web based, and doesn't have an installable platform to trade with is an inexcusable joke, and goes to show why many brokers in Europe are 10 years behind. Don't pay more than $1 per trade or you're getting ripped off.
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Old 22.07.2010, 09:27
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Re: Swissquote (online broker) - any good?

I am currently looking for an online trading platfrom that will allow me to trade Euro Corporate Bonds. Swissquote allows this, but I was unimpressed with the service I received in the Zurich Lounge. I have used IB extensively in the past, but their platform (although the cheapest by far) does not offer Euro bonds. Further research led me to Saxobank (http://www.saxobank.com/) and Keytrade Bank (http://www.keytradebank.ch/). My only concern is price and fees. I can check the prices against Bloomberg, so I know how much slippage (or theft) is occuring from the banks. My research shows me that Custody Fees are: Saxobank .03%/ann, Keytrade .08%/ann. Bond Commission: Saxobank .08%, Keytrade .20%. Custody fees are a joke in general, and are not charged by eother Swissquote, nor IB...(whatever happened to the days when the bank paid YOU to take your money, instead of charging to hold your securities and grab fees on both sides of the trade).

I am undecided yet on which way to go, but would appreciate ANY other suggestions for online/low fee eurobond platforms.
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Old 22.07.2010, 09:37
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Re: Swissquote (online broker) - any good?

Just to clarify, Swissquote does charge a nominal custody fee (chf 100/ann/per postion), but this is irrelevent to the trade size. IB does not charge a Stamp Tax (which is relevent to the trade size) because they are based in UK.
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Old 15.06.2010, 15:39
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Re: Swissquote (online broker) - any good?

My first choice is Interactivebrokers. you can trade in up to 20 or more currencies around the globe with just one account. Easy to use, still you can do all kind of strategies, have special traders for forex and options, etc.
And the best: It's much cheaper than the others (Tradejet or Swissquote)
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Old 15.06.2010, 18:09
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Re: Swissquote (online broker) - any good?

Hi,

About IB, is this easy to use ? Seems to have a very confusing interface with flashing black/red colors. I did manage to find my way around it, but it would be not easy to get used to.

I am considering them. Are you happy with your account ?

Regards,
-I
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Old 15.06.2010, 18:39
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Re: Swissquote (online broker) - any good?

Quote:
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My first choice is Interactivebrokers. you can trade in up to 20 or more currencies around the globe with just one account. Easy to use, still you can do all kind of strategies, have special traders for forex and options, etc.
And the best: It's much cheaper than the others (Tradejet or Swissquote)
Can a non-US resident open an account with IB?

Quote:
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About IB, is this easy to use ? Seems to have a very confusing interface with flashing black/red colors. I did manage to find my way around it, but it would be not easy to get used to.

I am considering them. Are you happy with your account ?
Having just seen their commission charges as compared with SwissQuote, then so am I!

If you can open an account for free, then I suggest you open one and find out for yourself.
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Old 15.06.2010, 19:08
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Re: Swissquote (online broker) - any good?

i tried to sign up with UBS (since i bank with them) but couldn't find a share trading service.

i remembered swissquote and applied online. got the application the next day.

the application was just posted.

whoever designed the application pack should be given an award. amazingly simple and easy - in fact, the best example of 'good service' i've seen in switzerland.

contrast to my postfinance application that i'm still sitting on after several months because i can't be arsed to muster the mental energy to tackle the application.
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Old 20.07.2010, 23:13
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Re: Swissquote (online broker) - any good?

I guess it depends on how you want to trade, either frequently/daily and therefore benefit from a monthly rate or low rate per trade. If you hold on a long term basis you might benefit from a higher trade cost but low management/maintenance cost. From personal experience I think that swissquote is ok, the usability isn't the best I've seen..but I've heard they have bank guarantee up to 100.000CHF.
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Old 21.07.2010, 17:11
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Keytrade Bank

I don't want to abuse the forum for publicity, but as this is directly related to why I moved to Switzerland, can I just add here that there is a new alternative to Swissquote now. We opened the Swiss office of Keytrade Bank (Crédit Agricole) about a year ago to provide more attractive conditions in the Swiss online brokerage market. The market had been very much dominated by one player here for a long time.

Best regards

Patrick
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