February 9, 2018

How to choose the bank

To start saving with stocks, you need a broker. They buy the stocks in your name and store them for you – as your property. Even if your broker goes bankrupt, the stocks still belong to you.

That’s why stocks are more secure than a savings account, where the assets belong to the bank. However, finding the right broker isn’t easy, because most people that aren’t experienced investors won’t know most of them: Swissquote, 2+, Saxo, Strateo.

Luckily, there are many broker comparisons on the internet that evaluate the various brokers. You will find some of these comparison websites in our express guide.

If you’re looking for an established name, you can choose PostFinance. 2+ and Strateo are reliable providers as well. Experienced investors who are looking for a more advanced service can look at Interactive Brokers.

In our video you can see how I explain all of this to the osteopath and new stock investor Michael Stadler.

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