I am trying to chose a trading platform to invest in ETFs (I have not quite chosen the ETFs themselves jet but that is probably going to be another post).
People around here seem to be recommending Suissquote and Postfinance and I have been looking around for alternatives and found Strateo (with very low fees and a low yearly rate) and Saxo-Money-Bank (no yearly fee and slightly lower fees than Postfinance).
I made a spreadsheet to compare those platforms and where possible created demo accounts and played around a bit.
Strateo had a usable interface but turned out to be liyng to me about the fees wich were 24CHF instead of the advertised 9CHF so that one is out of the game.
Then I tried to reduce the amount of transactions and came up with a trick that might work (I am probably not the one to invent it so maybe somebody can say if it works):
If I am investing in 4 ETFs, I buy them like this:
January: | ETF1 |
February: | ETF2 |
March: | ETF3 |
April: | ETF4 |
May: | ETF1 |
... | |
They ar probably not going to be perfectly balanced but that should work right?
My spreadsheet calculates just the cost of the platform so transaction-fees and platform-fees. (If can be configured for other platforms or investment habits)
The way it looks to me is that Suissquote is the cheapest option until the account contains about 130k (wich is going to take at least a couple years) after that Saxo-Money-Bank is cheaper.
If I invest more than once a month (or multiple ETFs at once) Suissquote is the cheapest the whole time.
That of course assuming they actually have fees that are 9.85 as advertised (they do not seem to have a demo account, just some forex and I do not want to trade currencies)
Postfinance is actually always more expensive than the other 2 (except you trade less than once every month and even then just with a lot of capital).
Is my math and my reasoning correct or did I make some mistake or forget something?
If not it would be logical to go with Suissquote, I could allways transfer the account Saxo after 4 or 5 years (not that Suissquote would make that easy or cheap but it could probably be done) right?
What are you guys using for investing in Switzerland?
[I hope the xlsx as attachment works]