Emigration Change of broker

Max W. · 2025-02-23T14:41:51.193778Z

Hello, dear Getquin Community We will probably be leaving Germany at the end of August and emigrating to Switzerland. So far I have been using Trade Republic as a broker for my weekly ETF and share savings plans. Every now and then, if there is still some money lying around, I make an individual purchase. After changing my address to a Swiss address, I am no longer allowed to use Trade Republic, as far as I know. Now to my question: Which broker could I then use to which I could have my entire securities account transferred from TR continue to invest via savings plans? So far I have come across Interactive Brokers & Swissquote again and again while researching. I have also read about Yuh. Thanks in advance for your swarm intelligence. :)

Robin2100@Robin2100

2G

Congratulations! I'm delighted for every single person who takes the plunge and turns their back on the current system in Germany.

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Max W.@axlemaxle

2G

@Robin2100 My girlfriend has family in Switzerland. When they talk or we go on vacation down there, it's just a different world...
I see Germany at the end & emigration as the best choice & development opportunity for us as young people willing to work.

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Robin2100@Robin2100

2G

@axlemaxle after today's election results I also doubt the future, really disappointing and frightening these results tonight

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Kevin E.@KevinE

14H

@Robin2100 I basically understand your comment. But the political landscape in Switzerland is actually quite comparable to this year's federal election. What do you see differently?

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Jonas@Jonasbrunner

2G

Swissquote is the leader and top. YUH is more for "playing".

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Max W.@axlemaxle

2G

@Jonasbrunner Thank you.
And the fees?
I was put off by Interactive Brokers because the fees for "small" savings plans are supposed to be far too high. As far as I know, you can't transfer shares from Yuh either!

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Sim42@Sim42

2G

Swissquote is only worthwhile for large investors who don't want to deal with private banks or UBS.

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Max W.@axlemaxle

2G

@Sim42 so with savings rates of around 500 (now still €) per month, is this not advisable?

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Sim42@Sim42

2G

@axlemaxle no, that's really not worth it with Swissquote. Personally, I use Degiro, which has fixed costs of CHF 2 per trade, or certain ETFs in its core selection (e.g. $IWDA and many other popular ETFs) for CHF 1 per trade (plus exchange rate fees of 0.25% on the amount). Since I don't invest monthly, but rather in "larger" tranches a few months apart, this works out for me with the fees.

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Max W.@axlemaxle

2G

@Sim42 That seems logical to me, given your strategy. The only thing that bothers me about Degiro is that I can't buy fractions. Because I don't invest in tranches, but in regular small amounts.

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Kasper@kasperflapscher

1G

@Sim42 I am also with Degiro. For some time now, the automated import here in Getquin has not been working for me, is that also the case for you?

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aang@aang

1G

swissquote has abnormal transaction fees

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Dietliker@dietliker

2G

Take a look at Saxobank, I now have my entire custody account there. No fees and great savings plans 🫶🏼 https://refer.saxo/4ABQE

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Max W.@axlemaxle

2G

@dietliker Thank you. But as far as I know it is not possible to buy fragments, is it ?

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Dietliker@dietliker

2G

Unfortunately not at the moment, but I believe (without guarantee) that this is in the works. What convinces me above all is that constant progress (in development, the range and also the prices) is noticeable, a point that is very important to me.

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Matt@MWS

1G

Neon is top and easy! However, they do not support every ETF or share, unfortunately they do not support custody account transfers.

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Kevko94@Kevko94

2G

Also possible to stay in DE. For example DKB

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Max W.@axlemaxle

2G

I had already checked this, as we have our current current account with DKB. However, I don't find the account very attractive due to the fees.

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Tobias@TaubeSmash

2G

@axlemaxle in contrast to Swissquote but completely within the scope if you don't want to do day trading and do a savings plan + a few individual stocks things

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Max W.@axlemaxle

2G

@TaubeSmash Honestly? That sounded pretty hefty with the fees when I read it. Savings plans free of charge ?

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Kevko94@Kevko94

2G

Very simple. Buying and selling shares €10 (so it's worth investing larger sums) and savings plans €1.5

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Max W.@axlemaxle

2G

Really simple. Sales should be secondary for the next few years anyway. Thank you ! 🙏🏻

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Matt@MWS

1G

I think Dkb is great and cheap compared to CH Broker!

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pyrler@pyrler

2G

am with swissquote. fees are not cheap for swiss banks, but ok. had the best feeling here so far, that is worth more to me than saving fees.

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Max W.@axlemaxle

2G

@pyrler Okay, thanks dir !

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DividendenAlpaka@DividendenAlpaka

2G

Swissquote: Indispensable for professional trading, but very high fees. I only make transactions of >1k CHF on Swissquote.
Yuh: Massively lower fees, but only around 300 individual stocks and ETFs can be traded. I run my savings plans via Yuh, as some ETFs are not charged any fees.
Saxo: lowest fees of these three, also free ETFs tradable, but poor customer service in my opinion

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Max W.@axlemaxle

1G

@DividendenAlpaka Thank you very much ! 🙏🏻

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Kevin E.@KevinE

14H

@DividendenAlpaka But if you're in Switzerland, CHF 1k is no longer a huge issue, is it?

I mean, the average salary is >5,000 francs. With a 20% savings rate, you can get over that every month. If you can "only" (no disrespect intended) save CHF 500, then you just go to the market every 2 months.

I've "always" paid €10 in Germany. I earn okay, but far from six figures. I only invest when I've accumulated another 2-3k, which means that the 10€ don't matter at all.

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DividendenAlpaka@DividendenAlpaka

6H

@KevinE I wouldn't say that every person living in Switzerland has enough money to invest CHF 1k every month. But I agree with you that you have to "save" for a few months for a larger investment.
There are some people on getquin who keep talking about "full" positions. If, from this point of view, a position is already "full" at CHF 1k, there is simply no way to buy more...

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Max W.@axlemaxle

6H

@DividendenAlpaka My girlfriend & I just now in DE, both working in management positions, have together ~5000 € out, of which we invest or save 1000€ per month. In the "same" positions in Switzerland, we earn ~14000 CHF together. Despite higher fixed costs, I strongly assume that we are able to invest even more than CHF 1000 per month.

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Matt@MWS

6H

@axlemaxle make sure that you don't earn too little as leaders!

Average / median for salaried employees is 6800

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Chris@Invi_S

5H

The average salary in Switzerland is 6'788.00 per month.
With rental costs, health insurance and other fixed costs, you don't really have much left over and saving 1,000.00 per month is also very unrealistic. The costs are extremely different whether you live in the city or in the country and in Zurich or in St. Gallen.

I myself use DEGIRO for individual purchases and finanzen.net zero for savings plans. These are free of charge.

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DividendenAlpaka@DividendenAlpaka

4H

@axlemaxle I agree, in your situation a higher savings amount will probably be possible. However, please do not automatically assume that your situation applies to all people living in Switzerland. The median salary is CHF 6700. Nevertheless, in most households not both people work 100% and the fixed costs are massively higher than in Germany. Close to the city, for example, you can easily pay 2500/month for a 3.5 room apartment.
I, for example, don't invest the entire amount saved, as my investments are always long-term.

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Schweizer_Investor@Alumdria

2G

I have been using Swissquote for over three years and am very happy with it. The fees are fine from a Swiss perspective. In the last few years they have also gone down a bit. In addition to savings plans, you can now also invest in fractional shares and ETFs. You no longer need Yuh, even if they are perhaps cheaper. But I prefer to pay more, and in return my assets are safe. Swissquote has a Swiss banking license, is based in Switzerland, is controlled by the Swiss banking supervisory authority and is itself listed on the stock exchange. And you also have a deposit guarantee of up to 100k. In addition, the registration of Swiss shares in the share register is free of charge. This is relevant if you want to attend general meetings or receive dividends in kind such as the Swatch shareholder watch.

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Max W.@axlemaxle

1G

@Alumdria Thank you very much for the detailed explanation. Then it seems to be the same with Swissquote as with shares: Quality has its price. 😛
Savings plans & fractional purchases are one of the most important things for me so that I can invest steadily.

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Schweizer_Investor@Alumdria

1G

@axlemaxle I think it's great that you can finally invest in fractions at Swissquote, but unfortunately the fees are still over 1%. I once read that they should be lower, as too many fees eat up the return. But at the moment I only buy whole shares anyway. And to make it profitable, I already invest CHF 1,500 per month per position. However, I would like to set up a savings plan with my $VWRL in the future.

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Xander13@Xander13

1G

Yuh belongs to Swissquote ;)

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Max W.@axlemaxle

1G

@Alumdria That's an impressive amount of money that's going into your portfolio - awesome! ✔️

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Schweizer_Investor@Alumdria

1G

@axlemaxle Thank you very much. But that's my total savings rate. If I ever want to buy something bigger, I sometimes go without investing for a month😁

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Schweizer_Investor@Alumdria

1G

@Xander13 Yes, in cooperation with Postfinance. However, the selection of shares and ETFs is limited there and you cannot enter the shares in the register, but the fees are much lower.

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Xander13@Xander13

9H

@Alumdria I mentioned it to make it clear that Yuh is a "safe" broker

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Steffen@Neffets

1G

I wish you a good start. I'm very happy with Saxo. I have added Yuh for the 3-pillar.

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Max W.@axlemaxle

1G

@Neffets Thank you !
Pillar 3 was a private pension plan, if I'm not mistaken ?

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Steffen@Neffets

1G

Exactly 👍. You can then deduct the amount invested up to CHF 7258 (2025) from your taxable income.

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Max W.@axlemaxle

1G

@Neffets Then I remembered it correctly. Top ! 👍🏻

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Dennisje@Dennisje

1G

@axlemaxle I envy you. All the best to you in Switzerland.

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Max W.@axlemaxle

1G

@Dennisje Thank you !

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Kati@Sunnyrain

1G

I still have my account with ING Diba, I think it's always cheaper to get away with the fees in Germany than in Switzerland.

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Max W.@axlemaxle

1G

@Sunnyrain Oh, you can "let it move with you", so to speak?

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capitalistin@capitalistin

4H

@axlemaxle no. According to ING's general terms and conditions, only customers resident in Germany are served.

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Max W.@axlemaxle

1G

@Eighty7 I had already seen Finanzen.net Zero in a comparison and it was rated very highly. The only thing that put me off was that if I emigrated from the eurozone, I would still have to trade in the eurozone.

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Soprano@Soprano

1G

I'm afraid Switzerland will soon be pretty tight, now that the election is over

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Atraxo@Atraxo

8H

I live in Switzerland and many of my friends and I use Swissquote. I am very satisfied and the trading fees can be earned with regular card payments.

https://en.swissquote.com/promotion/friends-family-sponsoring?mktName=MKT_MOBILE&sponsorId=$t39ve7

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finanzperpetuum@finanzperpetuum

6H

@axlemaxle As many have already written, I can also unreservedly recommend Swissquote + YUH.

I have been using Swissquote for one-off purchases and for everything that is not available at YUH. In addition, I kept my custody account with ING after moving in 2018. I only use this for euro purchases.

And about the "high" fees ... But your income will certainly be different here :-)

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Simongr@Simongr

2G

Degiro

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ClaraLvt@ClaraLvt

2G

Interactive brokers have the lowest fees (I think). Swissquote fees are a joke. Don’t know much about Yuh 🤷🏻‍♀️

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Visualizza tutti 9 ulteriori risposte

Teo@teoo

2G

ibkr is decent. depending on the exchange where you buy it can be as cheap as 1.25eur per trade on tiered pricing plan. It would make sense to have less positions and just buy larger amount for 1 position and next month for different position. Lets say investing 500 and 1.25eur fee per month. But also keep in mind that ibkr is one of the safest and recognized brokers. For me it gives me peace of mind.

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Lasse@Lasse08

2G

Do you already have a clear idea of where you want to go?

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Mostra la risposta

Thoranos@Thoranos

1G

Congratulations. Wishing you all the best!

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aang@aang

1G

I recommend neon and/or yuh

feel free to use my referral codes
neon: UV3C0J
yuh: 35h3b8

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Markus R.@Eighty7

1G

If a custody account in CHF is important to you, then yuh or neon. Swissquote has absolutely outdated fees, but lives from its good reputation. If you want to continue trading in EUR, then Finanzen.net Zero. This also works for Swiss residents and you have practically all the functionalities you know from Trade Republic.

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Paolo@lupoleo

1G

IB should be the best choice in Switzerland

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user26cf9b0aeb89499f@user26cf9b0aeb89499f

1G

I am surprised that no one has suggested Trading212.top and cheap

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Markus@M4rkus

13H

Welcome to Switzerland. - I use Swissquote and am satisfied.

The "Saxo-Bank" is still on my list as an alternative. However, I am not yet familiar with them as a customer.

https://www.moneyland.ch/de/saxo-bank/online-trading/online-trading

https://www.home.saxo/de-ch

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Zeuhl@Zeuhl

12H

I'm in Switzerland. I use: 1) Swissquote - Good interface, large and reputable bank, but high fees except for some selected ETFs. Good to hold long-term assets but too expensive for frequent ibuys. Customer service is however very slow and overall bad. 2) IBKR - Very cheap, no Swiss stamp tax, but not a regulated Swiss bank. Good for smaller and frequent investments. 3) Saxo - Cheaper than Swissquote, OK interface, small subsidiary of a large group but regulated Swiss bank 4) Tradedirect / BCV - I use it to have some assets there to secure a mortgage. Not bad, slightly cheaper than Swissquote but not great interface. Good customer service. Sorry for the big block of text. How do you do a line break without submitting the post?

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Rene@schweizerinvestingenieur

10H

Hi colleague! Welcome to Switzerland!
After the Flowbank disaster, I switched to IBKR. I can recommend it so far...
When others here say that Swissquote's fees are "ok", I have to smile a little... That borders on usury!

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Thomas@Steppenwolf

9H

Saxo!

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Wettyx@Wettyx91

2H

Are they legally obligated to transfer your securities and financial instruments? They refused me once

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Lori@Lololi

1H

I myself have been using Degiro for years because the fees charged by the other Swiss providers are far too high. I only use Yuh for American shares because otherwise you don't get the full dividend back from the tax authorities via the Dutch bank. I also have positions like Lindt in yuh because I can buy them in small parts. Good luck in Switzerland :)

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Emigration - Change of broker