Postfinance: Recurring orders / savings plan arrived

Postfinance seems to have activated the ’ savings plan’ feature now:

More info here, I am still studying the fees and fine print.

Savings plan: 1% of order size per execution.
Oh, well. Nothing to see here, move along.

Diversified range with 30 ETFs
Low costs with a fee of 1% of the investment amount (minimum fee CHF 1)
You trade free of charge for the equivalent of your e-trading custody account fee
Regular investments allow you to benefit from the cost averaging effect
In addition to investing in ETFs, you can also invest in over 300 equities and specific themed certificates (structured products) via the saving plan function

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1% fee on a savings plan :clown_face: :clown_face: :clown_face: :clown_face: :clown_face: :clown_face:


To be honest, 1% trading cost is not bad. There is no AuM fee.

But after having played with the UX - I doubt they will get more than a hand full of customers. Setting it up is more complicated than normal ETF trades - so who the heck would use them? Normal DIJ investors that buy small amounts where trading cost was more than 1%. The biggest joke is that you can’t automatically transfer funds into the eTrading account. So you on a monthly basis need to log into efinance, transfer funds over and then the Auto invest comes. Complete crap, unless they now build an easy to use user interface around things.

The thing is - at the Moment I would recommend rather the YUH offer than that. Still complicated yet much easier to use.

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Honestly, there’s nothing complicated about IBKR anymore. They have recurring trades and auto-fx. Especially the last bit was initially quite confusing. I think you don’t even need your base currency to settle the fees anymore, but I don’t know by hard.