0% Commission! This is how the provider eToro recruits Swiss customers. Especially online and especially on YouTube, the platform and the low prices are advertised enormously. Where eToro really charges fees, how the experiences are and whether you can recommend the platform, we cover in the eToro experience report.
A comparison of the Best Swiss Online Brokers can be found under this link.
If you have any more questions on the topic, we look forward to an exchange in the comments!
eToro Fees:
The eToro fees are not the cheapest, but they are not the highest either. However, what many users complain about with eToro are the following points:
Especially the last point (closures of trading positions by eToro) is particularly annoying and at least from our point of view not acceptable. Anyone who takes a risk and invests should not also bear a risk of the broker. If the broker arbitrarily sells securities that you wanted to hold, this is enormously negative.
So what is recommended as an eToro alternative?
eToro certainly offers easy access to shares, ETF`s or CFD`s for example. However, the supposedly low fees are quickly revealed. Fees are normal, they are part of it. But when a broker offers absolutely insufficient customer service, it starts to get messy. If then still experiences of unwanted interventions of the broker in the own trades mix, becomes for our taste already unacceptable.
Perhaps we have a different view and prefer to spend a little more money on fees and feel well looked after and cared for. How do you see the topic of social trading and customer support in general? Does eToro offer a good solution for Swiss traders?
Leave us a comment there!
5 responses
I have had good experiences with eToro so far. I think the nice thing is that you can "follow" others and thus benefit from (supposedly) more experienced traders. Furthermore, the customer service is easy to reach (I have always received a call within 24 hours on weekdays when I have enquired), provided you are a club member (= equivalent of at least 5000 US dollars stake).
I've only been with Etoro for a week because I bought bitcoin.
Is there an alternative where you can buy bitcoin.
With a German-speaking Brocker?
Hello, Peter,
there are countless possibilities. What is particularly important to you in the broker?
Thank you for this assessment. Are there any interesting trading strategies on E-Toro that you can just "look at" and then implement independently on another broker such as Swissquote? Then you only have to read the interesting trading tips from E-Toro and can then rely on a broker you trust.
Hello Roman 🙂
Yes, of course that's up to you. There are certainly some ideas and approaches here. But let's leave aside how sensible/profitable social trading is in the long term. Groups such as "Wallstreetbets" on Reddit also play trading ideas off each other. Personally, I have already collected input on sites such as Gurufocus.com, because you can see exactly where Warren Buffet invests. In this case, however, you should bear in mind the time delay in reporting...
Gathering inspiration never hurts - but in my opinion you should always build up your own thoughts and a personal investment case 🙂