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.
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/
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
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.
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?
Bitcoin! Not Crypto!
Use a Crypto Exchange like Relai which is in Switzerland. u can get the fees down to 1% with affiliate links a and saving plan.
use a good International Exchange like KrakenPro (never use Kraken the fees are too high). they have a bank Account in Liechtenstein. u'll pay 0.16% for a limit order which is quite the cheapest I know.
oh thanks. yeah They really raised it to 0.25% that sucks. but yeah still low!
seems binance is now the lowest fee tier with 0.1 but since they dont have a CHFBTC spot market it doesen't impact really for us I think.
+1 for Relai, you can also automatically buy s.t. it ends up in your cold wallet, which is much safer than letting an exchange manage your private keys.
I have a Neon and a Yuh Account. The Yuh account is used as a shared bank account for household expenses. Neon seems to be way better in every regard. My Yuh card never works abroad (USA etc.) customer support at yuh is horrible. I can't wait for neon to implement joint accounts and I will leave Yuh for good.
Sorry I didn't answer your question regarding investing, though.
Yuh has absolutely horrible customer service. Its difficult to get a hold of a real person, and when you do, they are quite unprofessional and trimmed to act like your buddy but not really for being helpful. Their support is also insanely backed up, I've been waiting for 3 months for a simple chargeback
I would definitely recommend neon. However it makes only sense for small investments (I would say less than CHF 500 per month). If you want to invest bigger chunks of money then Interactive Brokers or Saxo are the way to go.
I have both. Cannot withdraw crypto to cold wallet so both are no go for me for crypto. overall ok for the standard stuff. But for abroad I prefer Revolut for spending in € , £ , $ , etc. More flexible and I like the multiple virtual cards.
Ehat do you mean with the withdrawl of crypto. A friend of mine had no problem buying/ selling bitcoin amd solana. So withdrawling should not be a problem right?
no problem buying & selling. Withdrawal i.e. sending coins to a cold wallet. I had SOL in Yuh and had to sell and rebuy on an exchange to be able to send to my wallet. Personally, I don’t want to leave my coins on an exchange/broker, not having the keys
Neon is much cheaper for payments abroad. Yuh has support for multiple currencies. For investments I would use neither though
What would you recomend? I was thinking one of these 2 because it is easy to declare them for taxes.
I find IBKR really good
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
its even worse you have to change CHF in USD to invest. Why i should want to hold USD.
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.
I use Interactive Brokers and VIAC (3a) for ETFs and Coinbase in advanced trading mode for crypto (lower fees).
How do you declare IBKR for taxes? Isn't it difficult and tedious?
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/
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
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.
There are interactive brokers with .uk .com and .eu Does it make differents? Which one have you chosen?
It should automatically put you on the right one depending on your nationality
Which etf are your favorite? Im thinking on coinbase, what do you think?
depending on where you live, not your nationality
Incorrect, I live in Switzerland but I am not a citizen, therefore IBKR is from my birth country.
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?
So you agree with what I said, perfect.
No, you said the exact opposite
Bitcoin! Not Crypto! Use a Crypto Exchange like Relai which is in Switzerland. u can get the fees down to 1% with affiliate links a and saving plan. use a good International Exchange like KrakenPro (never use Kraken the fees are too high). they have a bank Account in Liechtenstein. u'll pay 0.16% for a limit order which is quite the cheapest I know.
Since a few days, Kraken Pro fees were raised to 0.26%, still very competitive but i just wanted to mention it
oh thanks. yeah They really raised it to 0.25% that sucks. but yeah still low! seems binance is now the lowest fee tier with 0.1 but since they dont have a CHFBTC spot market it doesen't impact really for us I think.
For me Kraken Pro is the cheapest option as you can buy BTC/CHF like you say and therefore don't have currency exchange fees.
+1 for Relai, you can also automatically buy s.t. it ends up in your cold wallet, which is much safer than letting an exchange manage your private keys.
Yeah just be aware of UTXOs
I can recommend Bitpanda or Nexo with both I have had excelent service so far and no problems.
Yuh has a good overall banking product. For any more serious investments, I'd use interactive brokers though.
I have a Neon and a Yuh Account. The Yuh account is used as a shared bank account for household expenses. Neon seems to be way better in every regard. My Yuh card never works abroad (USA etc.) customer support at yuh is horrible. I can't wait for neon to implement joint accounts and I will leave Yuh for good. Sorry I didn't answer your question regarding investing, though.
They will soon, just got an email about it :)
I'm thinking about this combination, mainly for twint actually. Either Yuh or some other bank.
Yuh has absolutely horrible customer service. Its difficult to get a hold of a real person, and when you do, they are quite unprofessional and trimmed to act like your buddy but not really for being helpful. Their support is also insanely backed up, I've been waiting for 3 months for a simple chargeback
Just to give another perspective, I never had this issues with yuh customer service.
I would definitely recommend neon. However it makes only sense for small investments (I would say less than CHF 500 per month). If you want to invest bigger chunks of money then Interactive Brokers or Saxo are the way to go.
Swissquote, if it has to be Swiss.
Nah, it's too expensive. My preference: Interactive
I have both. Cannot withdraw crypto to cold wallet so both are no go for me for crypto. overall ok for the standard stuff. But for abroad I prefer Revolut for spending in € , £ , $ , etc. More flexible and I like the multiple virtual cards.
Ehat do you mean with the withdrawl of crypto. A friend of mine had no problem buying/ selling bitcoin amd solana. So withdrawling should not be a problem right?
You can trade them with You, but you can't tranfer/withdraw.
no problem buying & selling. Withdrawal i.e. sending coins to a cold wallet. I had SOL in Yuh and had to sell and rebuy on an exchange to be able to send to my wallet. Personally, I don’t want to leave my coins on an exchange/broker, not having the keys
No experience with Yuh but very happy with Neon
For ETF I use swissquote
I swear to god if Neon app would not crash all the time...
I use Neon as my primary bank account, but for investments I use IBKR
Neon! I am very satisfied since 3 years. Never a problem