Halden & Co review

Halden & Co is the option for people whose priority is safekeeping rather than cost. It is expensive for small accounts and excellent for everything else.

Who it suits

Investors with six-figure portfolios, expatriates who need multi-currency custody, and anyone who wants an advisor they can actually call.

Costs in practice

A 0.35% annual custody fee plus 0.15% per trade. On CHF 100,000 that is CHF 350 a year before trading, which is a lot compared with the neo-brokers above but includes reporting, tax statements and advice.

Platform and tools

The client portal is functional rather than flashy. Performance reporting, consolidated tax documents and a research library are the strengths; charting is basic.

Safety

Swiss securities are segregated and would be returned to clients even in a bankruptcy. Cash benefits from the Swiss depositor protection scheme up to CHF 100,000.

Fees at a glance

Summary	0.35% p.a. custody + 0.15% per trade
Spread from	n/a (exchange-traded)
Commission	0.15% per trade, min CHF 20
Inactivity fee	None
Withdrawal fee	Free
Minimum deposit	$10,000

Regulation

Regulator	Jurisdiction	Licence
FINMA Swiss Financial Market Supervisory Authority	Switzerland	Sample licence
BaFin Bundesanstalt für Finanzdienstleistungsaufsicht	Germany	Sample licence
DFSA Dubai Financial Services Authority	DIFC, UAE	F00000 (sample)

Always confirm the licence on the regulator's own register before depositing. Here is how.

Features

• — Demo account
• — Copy trading
• — Fractional shares
• — MetaTrader 4
• — MetaTrader 5
• — TradingView
• — cTrader
• — Swap-free account
• ✓ Interest on cash
• — Savings plans
• — Trading API
• ✓ Options trading