The new regulation (“PRIIPS”) seems to be EEA-only, of which Switzerland is not a member.
I guess degiro just being too paranoid or they don’t know their own clients’ geography.
Or maybe they’re just being greedy: there’s not much money to make brokering already ultracheap US trades, and now they’ve got a perfect excuse to sway the clientele into more expensive venues. Kind of makes me think that it’s probably the bank lobby behind this ridiculous new rule - to reduce competition and lock up the clients right where they need them, all under the perfect disguise of caring about the consumers’s safety