I’ve read trough some stories but couldn’t find any thing that would match my question.
So I thought I make a new thread to get your opinion.
At the moment I use Postfinance as bank and e-trading plattform and invested in some stocks. I know the fees are rather high but I wanted to stick to a swiss broker and felt comfortable to try e-trading with the bank I always used.
Some years have passed and I’ve read multiple blogs and reviews which recommend Swissquote as Swiss broker.
My positions on Postfinance are above 10 stocks (not etf) so I don’t see the point of transfering them with the high fees Postfinance charges for a transfer (around CHF 110). In hindsight probably wouldn’t have bought so many stocks buth I’m fine with them sitting in the account and sell when it reaches my goal.
Longterm I want to invest into VWRL and Swissquote popped back in my mind.
VWRL on the swiss market gets charged with CHF 9.- per order. Postfinance charges CHF 15.- for order values up to CHF 1’000. Realistically I won’t have orders above CHF 1’000 so the difference would be CHF 6 per order. If I invest every month plus a few extra orders (14x) would make a difference of CHF 84.-
What I struggle with is if it makes sense to have this ETF investment with Swissquote or just stick to Postfinance. If I compare with this calculator it does not make any difference. Take an etf depotvalue of CHF 10’000 .- and enter the orders from above:
So if I invest into the ETF with Swissquote I would have a separat broker with no additional cost because of the money saved from the costs the orders would have been with Postfinance.
Is there any other advantage what do you think? Transfering the existing depot does not really make sense, to make that money back would take a while…
Thanks for your input