A comprehensive comparison
Are you looking for the best trading app for the Swiss? Then you've come to the right place! This guide compares the best trading apps in Switzerland to help you decide which investment app best meets your requirements.
Let's start with an overview table and then dive into the important details!
Comparison factor | Saxo TraderGO App | Yuh App | Degiro App | Neon Invest App | Swissquote App |
---|---|---|---|---|---|
Trading fees for CHF 1,000 in Apple shares | CHF 1 | CHF 5 | CHF 6 | CHF 10 | CHF 10 + CHF 0.85 for real-time data |
๐ฑ Currency exchange | 0.018% for CHF / USD (with Saxo Classic) | 0.95% | 0.25% | Included! | 0.95% |
๐ฒ General trading fees | 0.08% or min. CHF 3 of the order volume (Classic) | 0.5% of the order volume at a flat rate, no additional fees. | From CHF 1 Or fee + CHF 1 Processing fee | 0.5% on CH securities and 1.0% on international equities. | From CHF 5 for shares and ETFs. Thereafter staggered prices. |
๐ฐ Custody account fees | 0.22% (Classic) or max. CHF 10 per month. Free of charge for securities lending | Free of chargeno monthly or annual fees. | Free of chargeno monthly or annual fees. | Free of chargeno monthly or annual fees. | CHF 20 - CHF 50 charged quarterly and depending on the custody account volume |
๐ฒ App features | Professional trading app with many order types and much more. | Savings plans, fractional shares, savings function and much more. | Professional trading app with many order types and much more. | Simple share purchases directly in the banking app, savings plans and much more. | Savings plans, professional trading functions with many order types and much more. |
โ๏ธ Special advantages | - Extremely low trading fees - Free savings plans - Interest on deposits - Test demo account | -Attractive design with many functions - Investing, saving, pension provision and paying in one app - Buy some ETFs free of charge in a savings plan | - Very cheapย - Wide product selection - Intuitive user interface | - Fees for currency exchange included! - Very simple operation - No custody fees - Buy some ETFs free of charge | - Very wide range of products from stocks, ETFs, options, cryptocurrencies etc. - Debit card with trading credits as credit - Mortgages and loans available |
โญ Disadvantages | No entry in the share register possible | Not a web solution. No longer suitable for large volumes due to lack of functions and costs. | - No share entry possible in the name register - securities loan - No CH deposit protection | Not a web solution. No longer suitable for large volumes due to lack of functions and costs. | Trading user interface for beginners takes some getting used to at first |
๐ Voucher | Bonus received! | Bonus received! | Bonus received! | Bonus received! | Bonus received! |
Info about the table: There are numerous other trading apps, but not all of them fit into the table. The above are the most popular Swiss investment apps, which were named by the swissfranc community in a survey. You can find some other trading apps, including foreign ones, further down in the article.
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Assumptions: Trading of Apple shares as an example. Other fees, taxes and duties are added to this.
The trading fees are a critical factor when choosing an investment app. However, when choosing an investment app, you should be aware that the costs differ depending on the behaviour. Let me explain.
Let's say you want to make a few small purchases in the region of a few hundred francs on an irregular basis and don't need professional analysis tools?
Then apps like Yuh or perhaps Neon Invest be suitable for you. But be careful.
If you want to trade larger sums, the two providers above quickly become more expensive with their percentage fees. The following are particularly favourable for larger volumes, especially Saxo TraderGo App and Degiro.
For larger and regular trades with professional trading functions, apps such as Saxo TraderGO, Degiroor about Swissquote in question. These offer competitive trading fees, low spreads and extensive functions that make them particularly attractive for active traders.
As with trading fees, custody account fees also vary enormously. You should therefore ask yourself what custody account volume you would like to build up and hold in your portfolio in the medium to long term.
From the above selection, apps such as Yuh, Neon Invest or Degiro as they do not charge any custody fees. With the Saxo Bank The custody account fees are also waived if you activate securities lending, otherwise they are a maximum of CHF 10 per month.
At Swissquote, custody account fees are staggered and depend on the total volume of the custody account.
Tip: Remember that every trading app and every bank has to earn money somewhere in order to offer an optimal service in the long term. If you are building up a larger custody account in the long term, you should generally pay more attention to the trading fees than the custody account fees, as these are incurred more frequently when building up assets.ย Therefore, check where fees affect you the least and which provider suits you best.
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Notice:ย Annual custody account fees for an exemplary custody account of CHF 30,000. At Saxo, the fees are completely waived if securities lending is activated.
Each Swiss trading app has its own functions and features. Swissquote impresses with a wide range of trading options and analysis tools as well as a broad selection of exchanges. Saxo TraderGO impresses with its intelligent interface and integration of market information. Neon Invest and Yuh offer innovative solutions for savings plans and simple investments with user-friendly interfaces for beginners.
Ask yourself which functions the best trading platform in Switzerland should have for you. At the bottom of the article you will find an overview with further functions and advantages.
While you're looking for the best trading app in Switzerland for your needs, you've probably also heard of popular apps from Germany, Austria and other countries.
Trade Republic, Comdirect, Scalable Capital and Flatex, for example, are very well-known, popular and also low-cost investment apps. They offer attractive conditions and innovative functions that appeal to many investors. Unfortunately, however, these trading platforms are not directly available in Switzerland. These foreign providers generally do not allow you to open an account, if you are resident in Switzerland.
Yet they would be so exciting:
Not only are foreign providers generally not accessible to people from Switzerland, there is another important reason that speaks against them! What is that?
As a Swiss investor, you should note that it makes sense to choose a broker that uses the Swiss franc as its main currency in order to minimise the currency risk. The conversion costs and the risk of a foreign currency can have a significant impact on your return. You can find out more about this topic here.
Note: It would of course be desirable for more international providers to enter the Swiss market in future and thus stimulate competition. However, regulatory reasons do not always make this so easy. However, the above-mentioned Swiss providers in the trading app comparison already offer very fair and exciting products that put pressure on the high prices of the local big banks.
Choosing the best investment app in Switzerland is as individual as your investment style, your trading frequency and, for example, your investment volume. There is no "one" app that is ideal for every investor, but some providers stand out due to their specific advantages.
If you're just starting out as an investor, Yuh could be a good choice. The app is user-friendly and ideal for beginners who want to familiarise themselves with trading. You can find out more about the app in the Yuh review.
Investors who value professional trading tools and broad market accessibility and are still looking for very low fees should take a look at the Saxo Trader Go App take a closer look. The extremely low fees and advanced features make Saxo very attractive.
The digital market leader Swissquoteor the low-cost provider Degiro from abroad are very exciting. All offer fair to favourable fees and access to a wide range of markets and assets, making them particularly attractive for experienced and active traders.
There is no single trading app Switzerland test winner that is the same for all investors. Ultimately, the decision for the best Swiss investment app depends on your personal wishes and requirements. Whether you only trade occasionally or are an almost professional investor, the comparison of Swiss investment apps offers a wide selection.
Hopefully this comparison has helped you to find a trading platform in the App Store that suits you. If this comparison has helped you, feel free to use the voucher codes from the respective provider. This way you can save a lot of fees and therefore money and support this blog.
If you would prefer to use a web browser solution instead of a mobile app, you can find the Online broker comparison for Switzerland.
Which solution do you favour? Please share it with a short explanation in the comments.
For many in the Schwiizerfranke community, Yuh is therefore the best trading app for beginners.
3 responses
You haven't looked at Postfinance? I think it's good for Swiss shares ( share register ) and the fixed 18.- custody account fee / quarter is, depending on the custody account volume, less than with Swissquote and is also credited as a trading credit.
Thank you for your question, Alain!
Postfinance App stands out less in comparison. As a web solution, yes, but in the app comparison, Postfinance itself tends to push the (own) Yuh solution on its website, as this is trimmed for mobile.
Thank you for the report!
My son trades and saves with Yuh. I'm going to have a look at Saxo. I like the dual solution of app and web solution!