Swiss Trading Bank account – Credit cards available.
This is a multi-currency account which holds CHF (Switzerland Francs), USD (United States Dollar) and EUR (Euro Dollar) together. What it means is that you can deposit different currencies into your account and they will remain in their currency without suffering from any conversion lost. You can also request to add more currency later after your account is opened.
No minimum initial deposit required. You can make any amount of deposit after your account is opened.
The cost for wires out is $15. There is no monthly maintenance fee.
Online banking is available in English, German, French and Italian.
Visa and MasterCard credit cards are available, the Bank will ask for a collateral deposit of twice the minimum limit which is $5000.
You need a Notarized Passport Copy. Apostille is not required. To notarized your passport copy, you need to bring your original passport along with your passport copy to the nearest notary public. Notary public are special lawyers who are given the right to notarized documents so that they can be used internationally.
You will received your welcome kit in FedEx within 1 week after your order. Your account number will already be included in the package. What you need to do is to return a notarized passport copy to the bank and your account will be fully activated. Online banking information will be sent to you after they received your notarized passport copy. You can also trade and do Foreign currency exchange with this account.
For opening an account, you have to complete and sign online application forms. You can open an account on line at Bank website in few steps at the following link: http://www.swissquote.ch and complete the fields required in order to create your account opening contract which will be sent via currier (usually Fedex or DHL) to your address.
That`s all, enjoy your new bank account at Switzerland.
Trade a basket of indexes
A stock index is a method of measuring a performance of a portfolio of stocks and is used as a benchmark by news agencies and financial service firms. The most regularly quoted stock indices are composed of the largest public companies listed on a country largest stock exchanges, for example the US S&P 500, German DAX, British FTSE 100, and Japanese Nikkei 225. The performance of a quoted stock index may reflect the investor sentiment on the economic condition of the country.
Stock Index trading advantages Alternative to futures or cash market
Leverage up to 25:1
Hedge exposure to underlying stock portfolios
Available Stock Indices
Swissquote offers the following stock indices to trade and below are the specifications
Who can open a bank account in Switzerland?
Swiss banks are happy to have foreign residents as customers. You can hold an account in Swiss francs or in a range of other world currencies.
Each bank will set the minimum deposit amount for opening the account, so you will need to find a bank that will accept the amount of funds you have
Which documents will I need?
All banks will require customers to prove their identity with an official document, usually a passport.
If you are not able to go to Switzerland in person to open the account, you may complete the procedure by post by sending a copy of your passport certified by an approved institution.
By law, banks in Switzerland are not allowed to accept funds which they know or suspect have been obtained through criminal activities.
Therefore, it’s normal when opening an account for the bank to ask for documents proving the origin of the funds.
This could be a bank statement showing salary payments or documents from the sale of property.