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117 votes

Is this broker a scam?

They call you, instead of the other way around. They promise more than 10% a year return*. They ask you for rapidly increasing sums of money. Multiple unrelated domains use their exact website. They ...
Peter's user avatar
  • 2,113
100 votes

Is this broker a scam?

This is part of highly sophisticated network of scammers. This scam is spread across hundred of websites (some list can be found here and here), most likely using "fake" or stolen details and they're ...
kenorb's user avatar
  • 1,946
99 votes

Is this broker a scam?

It is a scam. There are quite a few websites with different names but same layouts. https://www.master4x.com/index.php. https://www.8infx.com/index.php. https://topicmarkets.com/index.php ...
Dheer's user avatar
  • 57.1k
42 votes
Accepted

Possible scam for security deposit - bank operation

This is normal for Switzerland, it's called "Rental surety savings account" or "Rental Deposit Savings Account" and banks invest a lot to automate opening and closing such accounts,...
Alex R's user avatar
  • 466
27 votes

Is this broker a scam?

You got a call from someone, out of the blue, asking you for money. How is this not a scam? Cold calling is a good indicator of a scam. You also seem to be in denial of that fact that you’ve been ...
user31652's user avatar
  • 409
15 votes

Grindr Sugar Dad Scam?

There is absolutely, zero, no doubt whatsoever that you have been scammed. The FBI call is fake, especially since the FBI would get into deep trouble with your own Swiss police if they dared doing ...
gnasher729's user avatar
  • 23.3k
13 votes

Possible scam for security deposit - bank operation

I know that in Germany similar things exist - the main idea is that the money is still under your name, and only blocked by the landlord during your rental. As a consequence, the landlord cannot ...
Aganju's user avatar
  • 37.7k
11 votes

What are the advantages of a Swiss bank account?

Advantages Here are some reasons why it is advantageous to hold a portion of your savings in other countries: Banks in other jurisdictions may be safer than banks in your home country. For example, ...
todofixthis's user avatar
11 votes

Is this broker a scam?

Here's how the scam works. Find a "hot trend" that people hear a lot about, but don't really know that much about. BitCoin is always in the news, and there's already a lot of spam flying around ...
Harper - Reinstate Monica's user avatar
10 votes

Possible scam for security deposit - bank operation

I can't speak for Switzerland but there is a "bond escrow" for tenants in New Zealand where your security deposit is held, and only released afterward back to the renter, or to the landlord ...
Criggie's user avatar
  • 790
10 votes
Accepted

I realized I am too stupid to buy individual stocks, should I use "robo-advisor" consulting?

Actually I like to buy stocks, is like a little hobby, but my results are very bad. Especially compared to the market average. So buy the index funds that mirror the market average. Very little ...
mhoran_psprep's user avatar
9 votes

Is this broker a scam?

I'm not saying whether this is a scam or not, although it seems VERY fishy, but here's how the scam could work in a way that fits the facts: You give them a thousand Euros, which they "invest" for ...
D Stanley's user avatar
  • 137k
8 votes

Do I need to pay U.S. taxes on a summer internship in Switzerland?

Were Swiss income taxes withheld from your wages (i.e. the 5570 CHF was what you got in hand after taxes were withheld), or was that the entire amount that you earned -- no deduction for any kind of ...
Dilip Sarwate's user avatar
8 votes

Why is there so much fuss about tax return?

You file a tax return to reconcile your taxes. This might result in you owing a small amount, or getting a refund of a small amount. Most countries arrange for the tax withheld by employers to be a ...
Kate Gregory's user avatar
  • 13.4k
6 votes

Is this broker a scam?

Well, first of all, if they're investing, they're not a "broker", they're a fund manager. Standard practice is to have those two roles separate: there's someone who decides where to invest the money ...
Acccumulation's user avatar
6 votes
Accepted

Gold - What is GB01/CHF? How does a metal account work?

GB01 means a gold bar with 1g and GB01/CHF means the price in swiss francs, in this case 51.92 CHF per gramm. And to add the important investment advice: if you can't figure out what you are trading, ...
Manziel's user avatar
  • 7,442
6 votes

Possible scam for security deposit - bank operation

This exists in Belgium, too. I am only fluent enough in the Flemish part of how it works, but it's called "huurwaarborg" (~"rent security/guarantee") and is placed on an account ...
htmlcoderexe's user avatar
6 votes
Accepted

I bought my first Blackrock iShares ETF today and want to know if I am now registered with Blackrock (data transfer from broker)

Usually ownership is managed by the broker, this is what's called "holding in street name". Updating ownership of frequently traded high volume securities for every transaction is just too ...
littleadv's user avatar
  • 177k
5 votes
Accepted

Hyperinflation effects on mortgages

Hyperinflation is almost always disastrous for the country that experiences it. Any country that expects it devotes any available effort to avoiding it, rather than mitigating its effects. High ...
DJClayworth's user avatar
  • 33.6k
5 votes
Accepted

What are the disadvantages of keeping a small part of your assets as cash in a safe deposit box?

The disadvantages are cost, zero interest for your savings and inflation. As you already noticed, with negative interest rates there is a crossover point where it is cheaper to lock up cash than keep ...
Manziel's user avatar
  • 7,442
4 votes

Television license tax in Switzerland as exchange student

As fare as I understand the law every houshold has to pay this tax (income is not important). There are the following exceptions. households in which at least one member receives AHV / IV ...
marcramser's user avatar
4 votes

What should I do with a savings account in another country?

If the fees to keep the account open are reasonable then it's worth keeping it open for now. It streamlines things if you need to visit or otherwise have business transactions (e.g. order things from ...
Eric's user avatar
  • 3,642
4 votes
Accepted

Can you withdraw money from my Swiss Bank account with just the account number and password?

That's all I need to transfer money out of my US, UK and NZ bank accounts. Can't see why CH would be any different ;)
Rupert Morrish's user avatar
4 votes
Accepted

Money laundering and speculation gains

Broadly speaking, authorities looking for money laundering focus on transactions not on assets. It is generally much more interesting to look at where the money is moving from and to than at the ...
Justin Cave's user avatar
  • 27.3k
4 votes

Why is there so much fuss about tax return?

Being taxed at source only applies to main income as an employee. One could have other income streams that need to be declared, rental incomes, crypto/stock incomes (one bitcoin,lucky you!), interest ...
Yooz's user avatar
  • 141
3 votes
Accepted

What's the difference between CH-DD and LSV+?

The CH-DD is a direct debit facility offered by "PostFinance" on accounts held there. PostFinance is essentially a subsidiary of Swiss Post that is into banking. Most people in Swiss would have an ...
Dheer's user avatar
  • 57.1k
3 votes
Accepted

Returning to the UK after working in Switzerland, What to do with my Swiss Francs?

If you "have no immediate plans for the money and will probably not return to Switzerland for a long time or at all" then it might be best just to exchange the money so then you can use/invest it in ...
Michael's user avatar
  • 10.2k
3 votes

UK: what do I need to declare?

I am assuming you file a self assessment at the end of a financial year. There is a foreign section in the form. When you need to fill in the foreign section:- were entitled to any foreign income, ...
DumbCoder's user avatar
  • 10.6k
3 votes
Accepted

Taxes when remote working for a Swiss company whilst living in the UK?

To HMRC. You pay tax in your tax domicile (i.e. where you more or less permanently reside) – in this case, the UK. Rules are, of course, a little more nuanced than that. For example, if you don't ...
marktristan's user avatar
  • 3,710

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