4 min read

Today, we’re exploring the crucial aspects of where to buy financial instruments while ensuring maximum security and minimizing fees. I will also share my recommended platforms where I do most of my trades. Let’s dive in.

1. Choosing the Right Investment Platform:

Selecting a reliable investment platform is very important. Look for reputable brokerage firms or banks that align with your financial goals. Consider factors such as fees, available assets, user interface, and customer service. Before making any decisions, do thorough research, read user reviews, explore forums, and seek recommendations. Learning from others’ experiences can provide valuable insights.

2. Maximizing Security:

a. Regulatory Compliance: Ensure the chosen platform comply with financial regulations. Regulatory compliance adds an extra layer of security to your investments.

b. Security Features: Opt for platforms with robust security features, including two-factor authentication and encryption protocols. These measures protect your sensitive information.

3. Minimizing Fees:

a. Trade Fees: Be mindful of transaction costs associated with buying and selling investments. Compare brokerage fees and opt for platforms with competitive rates. Some platforms even offer commission-free trades. These costs will add-up once you start trading regularly, therefore it is better to make a well-informed decision in advance.

b. Safekeeping Fees: Some platforms charge fees for holding your investments, even though it is not common everywhere. Look for options with reasonable or no safekeeping fees (if possible) to avoid additional costs.

4. Diversification of Banks:

Understand the government deposit security limits in your jurisdiction. If you’re holding cash while waiting to invest or reaching government deposit security amounts, consider distributing the funds across different banks to ensure your deposits remain protected. This minimizes risk in case of any unforeseen issues with a particular bank.

5. Consideration for Expat Investors:

For expat investors or those considering a move to another country, the choice of an investment platform takes on added significance. Opting for globally-minded banks or brokerage firms that allow you to retain and manage your assets across borders is crucial. This flexibility ensures that you can seamlessly continue your investment journey even if you relocate. Selecting such international platforms is favorable as it eliminates the need to sell all your assets, incurring substantial fees, and then repurchase them on a new platform. Always check the terms and conditions regarding international mobility with your chosen platform to ensure a smooth transition across borders.

6. Personal Recommendations:

Given the diverse options available, I’d like to share my personal recommendations based on my experience (please see below disclaimer). For a global approach and flexibility, Interactive Brokers stands out, excelling in each of the considerations mentioned above. Living in Switzerland, I also recommend a couple of digital solutions tailored for investors in this region.

1. Yuh: With some of the lowest fees in Switzerland, Yuh is an excellent choice for novice investors. While they have a somewhat limited asset selection, it should suffice for most beginners.
2. VIAC: For Pillar 3 investing in Switzerland, VIAC emerges as a top choice. While not offering direct trading solutions, VIAC allows you to invest your Pillar 3 assets globally. In upcoming posts, I’ll delve into the details of Pillar 3 investing.

Investing is not just about choosing the right assets; it’s also about selecting the optimal platforms to execute your trades. By prioritizing security features, minimizing fees, and strategically managing cash holdings, you can navigate the investment world with confidence. Remember, a well-informed investor is a resilient investor. Happy investing!

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Personal Recommendations’ Disclaimer:

As I share my personal recommendations, it’s crucial to note that investment decisions should be made with careful consideration of individual circumstances and preferences. The information provided here is based on my personal experience and may not be suitable for everyone. Always conduct thorough research, consider your unique financial goals, and consult with a qualified financial advisor before making any investment decisions.

Regarding the specific recommendations for Interactive Brokers, Yuh, and VIAC, please be aware that the financial landscape is dynamic, and platform offerings may change. It’s essential to review the terms and conditions of each platform independently, ensuring they align with your requirements and adhere to regulatory standards.

Additionally, while I aim to provide accurate and up-to-date information, I cannot guarantee the completeness or accuracy of the content. Investing involves risks, and past performance is not indicative of future results. Please exercise your own judgment and diligence when selecting investment platforms, considering factors such as fees, security, and suitability for your financial situation.

This information is not intended as financial advice, and I am not a licensed financial advisor. The ultimate responsibility for investment decisions lies with the individual reader.