Or the web portal, which is also as simple as the mobile app.
Ignore the (dark mode) desktop app.
Hello, just watch this tutorial for Interactive Brokers and you will understand.
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I logged in again… and I see now where the problem lies: it’s not about the trade itself, but about the meta stuff: tax regulations, questions on portfolio margin, where the cash is coming from. IB is offering you different products based on the profile questions you answered. I was downgraded on portfolio margin on the screen, but minutes later I got an email that it was upgraded again. I’ll have some readings to do not to make mistakes.
e.g. I want to separate and protect my accounts. If my gambling account is margin called, don’t want it to impact the other main accounts. This is lot easier to do in SQ imho.
As I understand it once your account is over CHF 50k, you can call them for trades and you will get a better forex price. At least for buying equities in the US.
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As I understand their price list, that would be for 50k (or more) per foreign currency transaction.
After all, it’s Switzerland. I can’t imagine anyone picking up the phone to quote a “better” forex spread on a lowly 5000 CHF transaction, just because “your account is over CHF 50k”.
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Yes, definitely second San Fran on this one.
50k per forex transaction? Then I would accept champaign and cuban cigars as discount.
Thus, I will keep SQ positions and use IB for any future ones. Any fresh cash is going to IB. Moving everything to IB would cost me a month on Bali.
“Give Your Friend a Gift of Free IBKR Shares”
Hey guys, just received this e-mail from IB.
If I understand correctly the person we refer to IB will get a free share and we get nothing?
Interesting how they seem to be trying to compete with the other U.S. Brokers that are offering free shares (Robinhood, WeBull)
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I’ve also seen that.
The person you’re referring gets 1$ in IBKR Shares for every 100$ deposited, which is quite a great deal imo.
Well, I was always a big fan of Swissquote despite the higher expenses, because of reasons I did explain in here in the past.
But I just found out, that in Crypto Swissquote is not able to manage Stop or Stop-Loss orders. Only Limit orders are activated. So if you HODL no problem, but if you partly trade in/out, this is a big No-No. You will never be an old trader, when you can’t manage proper your risk with a Stop-Loss order.
Fair to say that Swissquote has a project for 2021, which they are able to handle Stop-Loss orders also for Crypto, but no ETA available, which usually means this project is still on paper and far away.
Have to look around now… Bitcoin Suisse is nice but has pretty high buy/sell expenses (1,25%) and I would prefer to stay in Switzerland.
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Very useful tip! Will definitely try that for my next currency exchanges (CHF>USD) to buy ETFs in USD at SWX.