Yes, they have min balance requirements. You can find the details from their website.How does that work? I guess it applies only to USD balance (or other currencies?) and above some amount, right?
I remember they had something like $10k minimum balance to get started and then something with $100k regarding the interest.
Sorry, I'm too lazy to find it now / I'd prefer someone with direct experience to share it.
IB really seems pretty good, better than some banks (offering you mutual funds...) in some aspects and at a similar level of safety compared to banks. Then there's Degiro, Internaxx, Swissquote, Saxo... What's the deal with Swissquote, they look like some fancy Swiss bank but what are the advantages? Maybe you get your own account number compared to IB where you just have a trading account and compared to Degiro which isn't even allowed to hold your funds by law (so they hold them in cash funds through some strange structure).
Does ING LU accept remote opening for non-EU residents?
I actually couldn't find any product offer in their website aimed for residents outside BE LU FR and DE
I deposit same amount cash to SQ or Saxo they will rip off me via hidden/inactivity fees and pay me $0 interest.
When you hold cash in a BullionStar account, you are holding cash outside the fractional-reserve banking system. BullionStar does not operate under any banking system. In this way, a BullionStar account is safer than a Singapore bank account. BullionStar is headquartered in Singapore, one of the safest and most secure jurisdictions in the world, a country with strong property rights and a strong rule of law.
Unlike a bank account where the depositor is an unsecured creditor of a bank and at risk of a bail-in, BullionStar accounts are operated under what is known as a single-purpose Stored Value Facility (SVF) as defined under Singaporean law. Under this facility, BullionStar customers make use of the SVF to fund and maintain funds on their BullionStar accounts and to purchase products such as bullion from BullionStar. Funds in BullionStar’s SVF are diversified across physical cash, precious metals and a number of different Singapore bank accounts used by BullionStar.
Then there's Degiro, Internaxx, Swissquote, Saxo... What's the deal with Swissquote, they look like some fancy Swiss bank but what are the advantages? Maybe you get your own account number compared to IB where you just have a trading account and compared to Degiro which isn't even allowed to hold your funds by law (so they hold them in cash funds through some strange structure).
Dukascopy brings back memories..small world. Another Russian founded broker who obtained a Swiss passport. I remember the CEO's wife approached me on email to an advert I put out for a bank for sale. This was back when Switzerland insisted all Forex brokers must obtain a banking license to continue offering forex services in Switzerland. I had never heard of their company at that point and never took them seriously. It's good however to see they managed to survive the crisis that at the time all brokers in Switzerland went through.
https://www.financemagnates.com/for...ofit-in-h1-2019-but-revenues-remain-flat-yoy/
One of the best and cheapest European brokers I use because of their off exchange trading plus low cost is flatex.de in Germany.
Unfortunately, for europeans lots of bonds (i.e. US corporate bonds) are restricted now with Flatex.
Thanks didn't know that as I never buy anything US due to inheritance tax on US assets.
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Welcome to the new world. I think the EU will die of overregulation, subsidies and stupidity. It is similar with American ETFs, until last year you were allowed to buy an ETF, now there is a new stupid regulation that requires ETF issuer to provide a "KIID" document localized into the language of the client to inform him about the risks of the fund. Let me show how retarded this is:Unfortunately, for europeans lots of bonds (i.e. US corporate bonds) are restricted now with Flatex. Thus, I use mainly IB for bonds picking. I have Swissquote, Saxo, Tradestation aswell.
What exactly are "passive hedge funds"? Did you mean to say passive index funds/ETFs? I imagine hedge fund like "clever" guys doing stockpicking, options, shorting, leveraging - doing all this and trying to beat the market while taking the standard "2+20%" commission.P.S Now ECB deposit rate has gone even more negative i.e moved from -0.40% to -0.50% from Sept 18th I am sitting pretty with my 30 year treasury eurobonds. Stay safe out there and if your into US stocks ride the bubble which will be stimulated by further treasury rates cuts but get out when hedge funds start to dump shares. Passive hedge funds hold like 60% of the entire US stock market I think.....lol.
It may be true but there were people saying exactly this ("everything is overvalued") 4 years ago. If they stayed out of the market, they missed at least 50% gains. The problem is that there is too much cheap money in the economy (both euros and dollars), so logically people put it into real estate (via REIT), stocks (via ETFs), if you are desperate you put it into bonds.Holding cash like instruments is the way. Right now everything is overvalued, stocks, bonds and REIT etc. I don't see any asset class that offers value right now. Saying that the US market will continue to rise if the Fed continues to cut rates next week and continues along that line
It is similar with American ETFs, until last year you were allowed to buy an ETF, now there is a new stupid regulation that requires ETF issuer to provide a "KIID" document localized into the language of the client to inform him about the risks of the fund.
What exactly are "passive hedge funds"? Did you mean to say passive index funds/ETFs?
so logically people put it into real estate (via REIT), stocks (via ETFs),
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