Was curious to know from anyone that would be willing to share her or his experience with investing via Charles Schwab UK in a “Schwab International Account”. It looks like a decent option if I got that right:
no custody/account fee?
5$ per trade plus apparently an “Exchange Process Fee”, but I think IB might have that too
PS: Assuming that you’re transferring USD there to avoid their hefty 1% FX fee (and ignoring some other fees like 25$ cash wire out fee, or the 50$ account closure fee)
PPS: And it’s 25’000$ minimum balance
Anyone would be so kind to share experiences with Schwab UK/International Account?
The issue I see with Schwab: It’s really expensive to transfer USD directly from a bank in Switzerland. You will need to go trough IB.
You also have a minimum of 25k.
There is a form to request a transfer to an account that is not yours. But you have to state a good reason for that, and they have to manually approve it. It’s because of money laundering reasons I guess.
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