Low fee stock trading Platform

[lostconan]

Hi
As a swiss i’m looking for a platform with low(!) fees on buying and selling stocks. I’d like to so some swing/earning trades without leverage.

My main deposit is at Swissquote, but the fees there are exorbitant high.

Scalable capital would be perfect with their 1€ fee policy or even 0% if premium member, but unfortunately they are not operating in Switzerland.

Does anyone has experience with a Platform for trading with low fees?

Thanks

 

[geodan]

@lostconan Ibkr

 

[afterhours]

@lostconan Definitely interactive brokers!

 

[hbg_2006]

@lostconan IBKR or Saxo Bank

 

[follwerofchrist86]

@lostconan I shifted to Degiro. I also have SQ, but one day my Tesla shares recover

 

[lostconan]

@follwerofchrist86 I saw Degiro too but it seems the fees are still high especially for currency exchange

 

[phaeton]

@lostconan Saxo Bank if you want a Swiss bank, otherwise IBKR.

 

[itrm]

@lostconan Saxo Bank lowered their fees earlier this year.

I used to make trades on SQ, but will just hold what is there and keep trading on Saxo.

Transactions worth 100-500 CHF are about 1.50 CHF in fees, same transaction in SQ takes about 7- 10 CHF in fees

I cant say much about IBKR since I never used that.

 

[doug9694]

@lostconan Sq has high fees?

 

[truthseekah]

@doug9694 Yes, high trading fees.

 

[doug9694]

@truthseekah Ah ok ty, i don't trade lots i just buy and hold

 

[empta]

@truthseekah Isn't like fixed 9 CHF per operation? I mean of course is not good for trading but it seems more than reasonable for investing.

 

[truthseekah]

@empta Depends on what you trade, but the 9 is just for their DOTS platform. With regular shares it depends on the exchange and amount you trade, but can go as low as 5, but generally it amounts to ca. 1%. With preferred ETFs, you can also trade at a flat 9 + taxes.

For trading lots of small amounts, it's expensive. For investing larger sums in the long run it's quite okay. If your average trading sum is in the medium four figures, the fees are also a bit more acceptable percentage wise.