Interactive Brokers summary and costs

Investing / Brokers
11

To simplify, you can put it like this:

Advantages of Interactive Brokers over Corner Trader:

  • no stamp duty of 0.15% per transaction value
  • slightly lower transaction costs for both US and EU stock exchanges

Advantages of ETFs domiciled in USA over Ireland:

  • can reclaim withholding tax on US domiciled stocks* (15% of dividend, ca. 0.3% of portfolio)
  • lower TER
  • higher selection
  • lower bid-ask spreads

* applies to Swiss residents

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