Strateo.ch Brokerage Account

[Silvio]

Anybody tried Online broker for stock trading\investing?

In email they claim to accept also non-resident clients

 

[Martin Everson]

I use KeyTrade bank in Luxembourg i.e same group. No point going Swiss route unless you ave good reason. Just go with the Luxembourg or Belgium entity.

 

[Silvio]

I use KeyTrade bank in Luxembourg i.e same group. No point going Swiss route unless you ave good reason. Just go with the Luxembourg or Belgium entity.

OK interesting, will check them out. Why not go the Swiss route?

 

[Martin Everson]

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.

 

[kkein]

is this any better than interactive brokers? or are you using it because it's in EU?

 

[Elve]

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?

 

[russelw65]

No good reason other than I prefer Luxembourg as a banking/brokerage jurisdiction over Switzerland.

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

 

[Silvio]

is this any better than interactive brokers? or are you using it because it's in EU?

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.

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).

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

My preference is UK listed equities as well so unsure how Keytrade Bank is in this regards

That's my preference too, have you tried any other banks\brokers for UK equities?

 

[Martin Everson]

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).

Thats same with Keytrade. Transfers are via Banque De Luxembourg with Keytrade Bank as beneficiary.

I am also looking at Strateo. Any reason Lux is better than Switz?

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 tax evasion

My preference is UK listed equities as well so unsure how Keytrade Bank is in this regards

Sorry is this a fee issue or access to LSE issue? Pretty much any broker should offer access to all major stock exchanges. However Keytrade aint that sort of broker. It's really aimed at people who are investing in mutual funds and investment plans as that is how they make their money via retros on fund fees.

 

[russelw65]

Sorry is this a fee issue or access to LSE issue? Pretty much any broker should offer access to all major stock exchanges. However Keytrade aint that sort of broker. It's really aimed at people who are investing in mutual funds and investment plans as that is how they make their money via retros on fund fees.

Thanks. Access to LSE equities, not fees.

 

[Elve]

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

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.

 

[clemens]

I use KeyTrade bank in Luxembourg i.e same group. No point going Swiss route unless you ave good reason. Just go with the Luxembourg or Belgium entity.

very useful as always @Martin Everson

 

[JustAnotherNomad]

Why not just use Interactive Brokers? What’s the advantage?

 

[Silvio]

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.

 

[nobel]

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.

 

[BlueMist]

OK interesting, will check them out. Why not go the Swiss route?

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.

 

[nobel]

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.

 

[BlueMist]

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...

 

[nobel]

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.

 

[JustAnotherNomad]

How do they compare to Interactive Brokers? And I’ve heard you can also explicitly sign up with IB’s HK branch?