Just got a call today from Cornertrade. Correct, they recently implemented a 35 CHF/Quarter fee for passive investors. If you “trade” once each second quarter you have the Depot for free the full year.
Trade 0 times in 1 year: total costs 140 CHF
Trade 1 time per year, costs 70 CHF
Trade 2 times per year in separate quarters: costs 0 CHF
until they change their mind again and charge you anyway…
At Swissquote I am currently at 16.61 CHF / Quarter. Total 66.44 CHF/Year. I was considering Cornertrade to avoid the Swissquote fee but now if I trade once a year I will be worst off… need to think…
I also got the email from CT today. Indeed, 140 CHF per year if you make no trades. I also only keep some securities I bought before I switched to IB. So I’m also considering abandoning CT.
I received the bad news too. Are there any disadvantage to trade CH-based ETF on IB? Is it even cheaper than on CT? I am also considering to sell everything and move it to the other ETFs on IB.
Yes it is! I have not executed but only simulated a trade with IB and VWRL.SW so I can’t exactly say how much cheaper it is. But I expect a combination of -0.15% and a cheaper fixed costs. Has anyone tried?
You don’t have to! I have moved funds from CT to IB in the past without selling for no cost. Just ask for a “Securities Transfer IN/OUT” form and fill it out as below. Additionally, let IB know that the funds are coming so they can accept the transfer from their side. Worked like a charm.
I’m going to move my securities to Postfinance. The CHF 90 is quite high, but at least some trades are included in this yearly fee. Furthermore, I will be able to save the CHF 60 yearly fee for my private account.
I’ve seen that Postfinance has some kind of “Sponsored trades” offer with lower fees for certain products. Vanguard is also listed as "Sponsored partner (Link Postfinance). Does anyone know what this is about?
This looks like CT charges 30 CHF for a physical delivery of your stocks. I always wonder if I can have my single stocks really in paper form… Has anyone ever done this?
Is it any good? How does it work? Does having stock in paper block the possibility to trade it? Otherwise what would be the point? You get your stock in paper and the next day you sell them online.
Then if a paper certificate is indeed the “original”, then what happens if you lose it? Can you reissue it at the custodian? What if you want to trade it again? So many questions
If they are Swiss Stocks your Name can be registered with the company. This will ensure your rights to dividends, vote and participate on annual meeting
you get your physical shares delivered. They may contain your name printed on it.
You let in the safe, or under your mattress and avoid those horrible Fees from CT, Postfinance or Swissquote
Wen you want to sell you send your paper stocks to the bank (back to CT for example) they “upload” it and you see it back on their platform for trade.
In between you are not able to trade of course as they are no longer listed on your “online” broker
it is basically a free Depot “offline”
and yeah, if you lose it, burn it or your dog eats it…well bad luck
Pretty much everybody can get a phone line, a mailbox and/or source out some support capacity - whether it be in the U.S., India or even Switzerland. However that alone doesn’t make them “based” there, from a legal standpoint. I’d consider legal domicile or residence more relevant, in case you’re having any serious issues.
Having said that, I can’t find any evidence of any Interactive Brokers entity being “based” in Zug, that I sue or file a complaint about with supervising authorities in Switzerland.
(that is, I fail how IBKR Financial Services AG being domiciled there would be significant to me, as that’s not the company I’m having my account with. Their entry in the company register states other business activities).
In theory the IB fee is: 0.08% (min: 1.50 CHF) + 2.38 CHF
In reality it might get a bit cheaper - selling ~2400 CHF worth of SWX:XD5E costed me 4,26 CHF
Does anyone know why only the former of the following two ETFs seems to be available on CT? I could not find the second one. Is there something I am missing?
The acc. version of the Vanguard FTSE All-World UCITS ETF is probably not yet registered for distribution in Switzerland to retail customers. Hence why CT blocks this product from you.
The cheapest way at CT would be to buy
iShares Core MSCI Emerging Markets IMI UCITS ETF and iShares Core MSCI Emerging Markets IMI UCITS ETF
Or buy an fund tracking MSCI ACWI
Most accumulating funds are traded in USD which means you will need to convert CHF to USD. CT is taking an important fee on the FX.
It would be cheaper to use IB and buy VT. The transaction cost and TER will compensate the lower than owning an accumulating ETF.
You can also ask Vanguard if the accumulating funds will be open to Swiss customer soon.
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