How do I sell shares?

How should I go about selling shares? What procedures and costs are involved?

Greetings,

If you use convnetional brokers (your bank, for example), simply contact your broker by phone or visit them in person and tell them exactly which shares you would like to sell. They will handle the sale for you.

Selling shares through online brokers is even more simple. Just hit the "sell" button instead of the "buy" button. Swiss brokers generally charge the same fees for both purchases and sales because brokerage fee are charged on a per-transaction basis.

Brokerage fees vary greatly from one broker to the next, so comparing fees and charges when choosing a broker is important. On top of brokerage fees, you also pay stamp duties on transactions.

If another broker charges much lower fees for the sale of securities than your current broker, switching brokers can - in some cases - be a smart financial move.

Moving to a new broker is not difficult, but transfer fees charged to move your securities from one Swiss broker to another are very high. This is especially true if you hold different positions because the cost of transferring fees or issuing paper certificates is levied on a per-position basis.

However, many brokers are willing to cover the cost of transfers for certain kinds of customers. If you are eligible for this benefit, moving to a broker which charges low brokerage fees before selling your securities can save you a lot of money.

Best regards from Moneyguru

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