Neon or Yuh?

[saveoursoul]

What are your experiences with Neon and/ or yuh? I want to invest in some ETF's and Cryptos. What would you recommend?
Are there any notable differences in fees? Which of the two have better ETF's?

 

[rod288]

@saveoursoul Neon is much cheaper for payments abroad. Yuh has support for multiple currencies. For investments I would use neither though

 

[saveoursoul]

@rod288 What would you recomend? I was thinking one of these 2 because it is easy to declare them for taxes.

 

[tims64]

@saveoursoul I find IBKR really good

 

[amyk]

@saveoursoul I would take Neon but for investment another service. If Yuh would allow to send and receive crypto then its great but atm they dont have that

 

[christy1984]

@amyk its even worse you have to change CHF in USD to invest. Why i should want to hold USD.

 

[betelo995]

@saveoursoul YuH is ok for domestic stocks and ETFs, probably the cheapest among swiss brokers, but not for trades in foreign currencies.

As a Bank it's also great, had nothing but good experiences.

 

[evilc]

@saveoursoul I use Interactive Brokers and VIAC (3a) for ETFs and Coinbase in advanced trading mode for crypto (lower fees).

 

[saveoursoul]

@evilc How do you declare IBKR for taxes? Isn't it difficult and tedious?

 

[igbokwe]

@saveoursoul nah it's very simple, only slightly more work than degiro or similar

Here is a guide: https://www.mustachianpost.com/where-can-i-find-my-tax-information-on-interactive-brokers/

 

[evilc]

@saveoursoul I mean if you are getting dividends from ETFs in the USA you will always have to claim back withheld taxes. IKBR has really nice tools for generating tax documents and there are loads of resources online to help

 

[ready123]

@evilc My recommendation as well, I always searched for the perfect all in one solution but it doesn't seem to exist if you want to have the best/cheapest option everywhere. Neon for banking, Cumulus for cheap VISA, VIAC for 3a and IBKR for monthly paid ETF portfolio.

More work in the first place but much more flexibility after to change single services to a new provider.

 

[wordsbyj]

@evilc There are interactive brokers with .uk .com and .eu
Does it make differents? Which one have you chosen?

 

[evilc]

@wordsbyj It should automatically put you on the right one depending on your nationality

 

[wordsbyj]

@evilc Which etf are your favorite?
Im thinking on coinbase, what do you think?

 

[igbokwe]

@evilc depending on where you live, not your nationality

 

[evilc]

@igbokwe Incorrect, I live in Switzerland but I am not a citizen, therefore IBKR is from my birth country.

 

[igbokwe]

@evilc You are wrong, they explain it here: https://www.interactivebrokers.eu/en/home.php

Interactive Brokers U.K. Limited (IBUK) serving residents of non-EU/EEA European countries (UK, Switzerland)

I am an EU national and I use .co.uk because I live in Switzerland. If you open your account while living in switzerland, you will be assigned to their .co.uk entity.

Did you open your account before moving to Switzerland maybe?

 

[evilc]

@igbokwe So you agree with what I said, perfect.

 

[igbokwe]

@evilc No, you said the exact opposite