Swissquote fee's

[369]

Is it correct that swissquote takes 1%+ for every buy or sell order on crypto ?

 

[wheelspin]

Which jurisdiction? They are in CH, LU and UAE.
Check their websites accordingly.
Please not that in CH there's a stamp duty on top.

 

[369]

CH

I just saw they claim to start from 0.5% but when trying to buy a major coin i get like 1.2% per order even they claim max fee is 1%

Even for real currencies from 0.95% ........
Even my local bank offers a fee 4 times better than theirs.

 

[wheelspin]

Even my local bank offer is 4 times better than theirs.

Hence bank with your local bank.

 

[nobel]

Please not that in CH there's a stamp duty on top.

For crypto no stamp duty!

 

[nobel]

Sadly, the deposit fees are increased on 01.01.2023, no maximum CHF 200 anymore.

The optimization of our services to our clients will be reflected in our minimum quarterly custody fees, which will increase from CHF 15 to CHF 20, but remain capped at CHF 50 for assets above CHF 150,000. For assets above CHF 1 million, a fee of 0.03% p.a. will be charged to cover external asset protection costs. Due to Swissquote's investment in the safekeeping of crypto assets, custody fees will also take into account positions in crypto assets in the future.

 

[Cryptohodler]

CH

I just saw they claim to start from 0.5% but when trying to buy a major coin i get like 1.2% per order even they claim max fee is 1%

Even for real currencies from 0.95% ........
Even my local bank offers a fee 4 times better than theirs.

How much in assets do you have to hold with swissquote to open a institutional trading account