Easy stock/ETF investment services for absolute beginners to get into trading

[keith841]

I am a student in Switzerland and would like to get into investing now. I am an absolute beginner and I am not sure what apps/brokers to use. I want something with lowest fee for small amounts under CHF 500/month or 1000CHF irregularly. I have heard about Yuh, IBKR and so on. But the fee structures are complex in IBKR for me to fully comprehend. What are your recommendations?

 

[charismaticlady]

@keith841 Don't worry too much about the fee structure in IBKR. It looks complex but it is the cheapest around even with your smaller amounts.

 

[kevindsingleton]

@keith841 If you want to go simple and you don't mind that you're paying slightly more in fees, then Neon or Yuh is really your best bet!

Their selection isn't huge and their fees are higher than some competitors, but you really can't have it simpler.

IBKR is great and all but with their huge selection and fee structure it's really intimidating and complex.

 

[tobiahjude99]

@kevindsingleton The fee structure is very simple at ibkr imo. And especially it‘s the lowest by far

 

[kevindsingleton]

@tobiahjude99 IF (and that’s a big if) you only buy things on the Swiss stock exchange then Saxo is actually cheaper!

Not that many people will do that but it is pretty nice!

 

[gideonn]

@keith841 Degiro is another one.

 

[brisbanepatt]

@keith841 IBKR will by far the cheapest option, especially if you go for Tiered pricing.

You can read this a few times: https://thepoorswiss.com/ib-fixed-or-tiered-pricing/

But in short if you're buying US ETFs such as VT (whole world index) or VOO (US large cap index) which are the most popular ones, then the commissions will be around USD 0.35 for smaller transactions like you mention. In fact the transactions would have to get quite big for the commission to exceed even USD 1.

 

[ami_dawnielle]

@brisbanepatt Does IBKR give you a simple asset report to fill out your taxes easily ?

 

[p1saint2]

@keith841 Neon is better than Yuh. You can buy FTSE All World by Invesco without transaction costs.