Investors Europe Mauritius

[jung187]

Anyone used them before? Are they trustworthy?

I am an American and I want to transfer $100,000 into this account.

Any thoughts?

 

[celizo]

Saxo bank white label. Such as Cornertrader. Nothing special to say.

 

[rey skywalker]

if you are american i doubt they will open you bank account

 

[jung187]

What do you mean by this? Is it Saxo Bank? I was able to‍ get an account opened with them.

Is it safe? Would you put $100,000 into this⁠ bank?

 

[jung187]

I went through a company that specializes in going offshore. They opened‍ a bank account for me.

 

[celizo]

It's the trading platform of Saxo. No relationship with Saxo⁠ in terms of guarantees.

 

[jung187]

Thanks Celizo. Would you open an account with them? It seems Citi is the custodian‌ of the assets, but I am transferring my money to a Bank in Mauritius, why‍ is that?

 

[celizo]

I have lots of brokers accounts in order to spread risks, and IE is only‌ one of them. This is just my opinion but I feel more confident with brokers‍ in jurisdiction like Switzerland (ie Swisquote.ch, Cornertrader), Luxembourg (Swissquote.lu [ex Internaxx]), Germany (Flatex)... than Mauritius.⁠

 

[bizniz]

I have used Investors Europe for some years. They are expensive, but otherwise good. They‌ might have a Saxo Bank white label but they have many other providers too, not‍ just Saxo.

 

[celizo]

For 100k, ETFs "buy and hold" : 0.10% custodian fees, 0.25% purchases (not as bad‌ in comparison with Saxo, Corner), but more expensive than IB, Degiro, Flatex.

Swissquote.lu is interesting‍ with more than +150k (fixed 45EUR fees quaterly).