Buying European stocks

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

What is the cheapest way to buy European stocks in Switzerland? Which brokers would you recommend? is there anything I should be wary of when buying European stocks?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4079

Hi there,

You can find all FINMA-licensed Swiss online brokers which let you trade stocks in companies across the European Union (EU) in the moneyland.ch online broker comparison.

The comparison automatically accounts for all individual costs including brokerage fees, custodial fees, flat-rate fees, stamp duties, etc.

The stamp taxfor EU company stocks which are listed on exchanges outside of Switzerland is 0.15%. Additionally, many brokers pass on stock exchange fees.

Select the "European equities" profile to compare brokers based on the cost of trading stocks in companies across EU member countries. You can select individual stock exchanges under the "Stock exchanges" filter list to limit results to brokers which let you trade on those exchanges.

Buying stocks in companies based in the EU can work out cheaper when you use a stock broker based in an EU member country. The drawback is that you have to transfer money outside of Switzerland, which could involve foreign exchange fees. It is important to note that there are many irreputable international brokers which pose a high risk to investors. Foreign brokers are not supervised by FINMA and do not benefit from Swiss depositor protection, so trading through foreign brokers is only recommended if you are an experienced investor with a thorough knowledge of the stock market.

There are major differences in the costs of trading with different brokers, and comparing these before opening a trading account is important.

If you handle you trades by telephone, be sure to pick a broker which does not charge additional fees for phone-based orders. You can find this information in the "Info" page of each account listed in the Online trading comparison.

Pay careful attention to the exchange fee (CHF-EUR, for example).

Best regards from Moneyguru

More on this topic:
Online stock broker comparison
Stock exchange fees explained
 

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Cheap bank accounts with card

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

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