Strateo.ch Brokerage Account

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OK interesting, will check them out. Why not go the Swiss⁠ route?
 
No good reason other than I prefer Luxembourg as a banking/brokerage jurisdiction over‌ Switzerland.
 
is this any better than interactive brokers? or are you using it because it's in‌ EU?
 
One disadvantage with Strateo is that there is no personal iban, all transfers must be‌ made to BCGE bank with strateo as beneficiary and from a personal account (unauthorized third‍ party transfer).

@MartinEverson: For keytrade.lu, the account includes a Luxembourg personal iban?
 
I am also looking at Strateo. Any reason Lux is‍ better than Switz?

My preference is UK listed equities as well so unsure how Keytrade⁠ Bank is in this regards
 
I prefer it because it's a bank and interactive‍ brokers are a broker = you risk is much lower (almost non existent really) in⁠ case of bankruptcy etc.

Unauthorized third party transfer⁢ of equities as well? Can you share more about your experience with Strateo?

That's my preference too, have you tried any other banks\brokers︂ for UK equities?
 
Thats same with Keytrade. Transfers are via Banque⁠ De Luxembourg with Keytrade Bank as beneficiary.

Thought I answered this. See⁣ post I made 3 posts above your question. Luxembourg is my choice although EU is⁢ now going after their competitive advantage 😕.

EU starts legal action against Luxembourg over tax︀ evasion

Sorry is this a fee issue or︂ access to LSE issue? Pretty much any broker should offer access to all major stock︃ exchanges. However Keytrade aint that sort of broker. It's really aimed at people who are︄ investing in mutual funds and investment plans as that is how they make their money︅ via retros on fund fees.
 
That I don't know, I've never done that type of‍ third-party transaction.

My experience with Strateo is good but the stock market is not my⁠ specialty, so I can't say much compared to other brokers, I use it mainly for⁤ currency exchange and for their strateo invest portfolios.
 
FYI: Strateo CH and KeyTrade Luxembourg just waste your time with emails back and forth‌ and say they will open an account, but when you send all the documents they‍ decline it. Tried to open just a personal account and never had any issues opening⁠ accounts at other brokers\banks for personal account. Don't waste your time.

At least KeyTrader Belgium⁤ said right from the start that they won't open for NON-Belgium residents.
 
I have an account (Strateo CH) and do not live in Switzerland. Sure is more‌ expensive like Luxemburg, but i think more safe, because non-EU, non-EWR.
EU account retrieval not‍ possible.
 
What's the point of paying 0.15% Swiss stamp duty on each trade (buy/sell)?‌ As I understand this is applicable to all Swiss banks / brokers.
 
Yes right, 0,15% Swiss stamp. I don´t like 🙄 but custody fees only maximum 140 CHF‌ per year. If you have 1 million, you pay 140 CHF.
Other banks 3.000 CHF‍ or more! Custody fees is more important.
 
SwissQuote Luxembourg max⁠ €15 per month if you don’t trade or €0 if you trade once at least.⁤ No stamp duties...
 
Sure, but it´s in the EU Luxembourg, but it´s nice and looks better. If you‌ have no problem with EU then use that.
 
How do they compare to Interactive Brokers? And I’ve heard you can also explicitly sign‌ up with IB’s HK branch?
 
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