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Yes, to be sure, you can contact them.
Keep us posted.
And I confirm that I do not come into contact with the tax authorities of other countries. It would be funny with Japan....
Hi
I have no experience with French securities on IB. However I imagine that IB will play the role of financial intermediary as it does with shares of other countries by collecting what you owe as a natural person, therefore 12.8% according to the agreement with France.
If other readers have experiences with French titles they are welcome.
Oh, the bad guys! Deception on the merchandise!
Well, I'm still interested in it as a diversification for other markets.
Can you try again for the comments?
I can't find Japanese titles, even big caps, but that may be because of the test platform.
I am testing the cornertrader platform, in any case it is nice. I do not find the Japanese market there, but it could be a good complement and a source of diversification to Postfinance. Thanks for the tip bro.
I guess you took the "capital" account?
This is a bit of a problem with this tax statement: when you have several financial intermediaries, you accumulate costs.
With IB there are no worries though. No withholding tax and you can print your income and capital statement for free.
Thanks for this information about Cornertrader. Is it also possible to have a tax statement? If so, what is the price?
Is there also the Tokyo market?
Yes I recommend IB. It's hard to do better in terms of brokerage fees. No custody fees. This is valid for both trading and b&h.
There is however a system of minimum transactions per month to reach, failing which they charge you a small amount, but it is trifles, nothing compared to custody fees. Moreover it disappears as soon as your account is sufficiently funded.
Top security. The user interface on PC is a bit complex, but I only use the App, which already allows you to do a lot of things.
You can trade almost anything and everything in almost any country in the world. If you are daring you can short sell and use leverage by buying on margin.
In addition, opening and managing the account is quick and simple, entirely online.
I agree with you that the risk is low in the event of hacking for the customer, unless of course he commits a serious act of negligence.
I see you seem satisfied with Cornertrader. Can you tell us more about it? Strengths – weaknesses?
Are you limiting yourself to Swiss players? Have you not thought about Interactive Brokers?
I wonder what the risk is of a hack. It seems to me that the security of bank and brokerage accounts is pretty robust. But it's a good question, and goes beyond the issue of spreading the risk across multiple accounts.
Regarding this last point, opening additional accounts with the same broker does not offer any additional security, neither in the event of hacking, nor in the event of the bank going bankrupt.
I would like to point out that in the event of bankruptcy, assets such as shares are the property of the client and not of the bank, unlike cash. Regarding the latter, it is however guaranteed up to CHF 100,000 in Switzerland, per establishment. In the USA, the SIPC offers a guarantee of USD 250,000. IB has also just launched a program that automatically distributes the cash across several banks, so as to potentially increase this guarantee to as much as 2.75 million dollars. So there is room for improvement…!
In short, I think that in all cases you should at least spread your assets across two institutions. Financial intermediaries all have their own qualities and defects. Having several allows you to use the best characteristics of each according to your needs. It also allows you to sleep more peacefully. On the other hand, I think that it becomes counterproductive to have too many because the taxation and management (cash transfers, or even securities) become more complex.
In your case I find that with 4 establishments you are already more than covered. Nothing prevents you from balancing a little more towards the two less provided establishments, in any case towards Swissquote, because given the prohibitive custody fees of the Migros bank I understand that you limit yourself to the least.
If there is a banking IT security expert around I would be happy to hear from him especially on the hacking issue.
Surprising for AUCHAH because it is still quite liquid. I think I tested the market and limit orders and I don't remember noticing this phenomenon. I will keep an eye on it next time.
For your question, I had already answered it (see my very first answer on this same topic). Otherwise, don't forget that one of the filters of the QVM strategy, which I will not mention here since we are in public, already largely answers this liquidity problem.
Normally on liquid securities the difference is insignificant between a market order and a limit order. On which ETF did you get 2% difference?
Otherwise you have already given the answer to your question. On illiquid securities you must of course use a limit order.
yes, in any case I managed to create two cash accounts
Now I just did the test to create a 3rd account in another currency and it does the same thing to me as you, it overwrites my second account
so you should at least be able to create a second account, unless there is a bug at FT at the moment
but as I said, unless you make large currency movements and/or leave foreign currencies sitting in an account for a long time, which I do not recommend, I do not really see the point of this approach.
