# Exchange Rates when buying USD-ETFs at SIX with CHF broker/CHF account

**URL:** https://forum.mustachianpost.com/t/exchange-rates-when-buying-usd-etfs-at-six-with-chf-broker-chf-account/4743
**Category:** Investing / Funding & Currency conversions
**Created:** [November 20, 2020, 7:24pm UTC](https://forum.mustachianpost.com/t/exchange-rates-when-buying-usd-etfs-at-six-with-chf-broker-chf-account/4743 "2020-11-20T19:24:44Z")
**Posts on this page:** 1
**Showing post:** 2

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### Author: ![rolandinho](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/rolandinho/32/423_2.png) [@rolandinho](https://forum.mustachianpost.com/u/rolandinho)
#### Post date: [November 20, 2020, 7:56pm UTC](https://forum.mustachianpost.com/t/exchange-rates-when-buying-usd-etfs-at-six-with-chf-broker-chf-account/4743/2 "2020-11-20T19:56:58Z")

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At Sq - 0.95% until 50k, see table in post below.  
Even if it’s directly for buying an ETF, the fee is due.  
At least the interbank rate is used though.

> [@Interactive Brokers: Brexit account migration = insurance drops from 500k USD to 20k EUR](https://forum.mustachianpost.com/t/interactive-brokers-brexit-account-migration-insurance-drops-from-500k-usd-to-20k-eur/4437/36):
>
> Again? We had this all before… recently, no? I can only speak for Sq and Pf. Fx - see attachment (Sq & Pf are the same) 30% Yes, of course. - 15% wht (is a credit for your Swiss tax, DTA) + 15% rückbehalt USA (gets refunded)

I’m not aware of any way around it, via Transferwise may be an option, I just don’t think anyone has mentioned that which makes me assume there’s a catch. Tw is not free for a start and does also cost approx 0.5%.

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