Im new here and informing myself alot at the moment about the possibilities to invest in ETF’s and sometimes also stocks. It seems like everybody is saying IB is best in terms of fees. However, i’m having a hard time to compare it directly to SQ, which is where I have my account at the moment.
Lets say i would invest an amount <50k at once and then quarterly around 5k. How are SQ fees so much higher than IB? As far as I can see IB has a custody fee of 10$ per month wheras SQ only has custody fees of 15 CHF quarterly (minimum fee) and a flatrate 9 CHF for Leader ETF’s like vanguard.
It also seems that SQ is more convenient in terms of Withholding Taxes as it is a QI.
Can someone please shed some light on why IB is so much cheaper and better than SQ?