14. November 2023

neon invest enters the ring

neon, the emerging «underdog», has already held its own as an everyday account in epic boxing matches against the Swiss heavyweights of the financial industry in recent years (one even knocked itself out). Now the underdog is moving up a weight class, because neon can now also invest. Will the fight «neon vs trading apps» be as epic as boxing matches like the «Fight of the Century» between Joe Frazier and Muhammad Ali in 1971? (Or for those born in this century: like the fight between Floyd Mayweather and Manny Pacquiao in 2015?) Let's find out.

If you still belong to the lightweight class, we recommend that you read our blogs on the basics before the boxing matches: neon invest: easy, low-cost investing for you and ABCD...ETF?

A preface before we get into the ring: The two boxing matches mentioned were not so epic because the fights themselves were necessarily so great (some were!). But they were iconic and emblematic of the sport and often symbolic of the times in which they took place – and have achieved significance far beyond the sport of boxing. Mayweather vs Pacquiao was the most watched and lucrative boxing match in history, and for better or worse is emblematic of the current era of the «1 per cent» vs the «99 per cent». If you don't know the significance of Frazier vs Ali, Google will have to fill your shameful educational gap.  

We also want to set the mood for the epic battles of neon vs trading apps. The odds are in favour of the underdog: neon doesn't have an ounce of fat too much (read: no custody fees and low trading fees), is smooth and quick on its feet (finally an easy to navigate and good-looking platform!) and has a clear head because we dish out more than we take (no tax return headaches due to a free and electronic tax statement that you can easily upload, done!).

No epic sporting event is complete without numbers and statistics: check out the table below to see in detail what neon's odds are. For those who are less numbers-orientated, we also explain in words how the boxing matches between neon and the other trading apps would end. Let's go, *dingdingding*!

neon invest vs Swissquote

This boxing match is comparable to Mike Tyson vs Michael Spinks in 1988: Tyson destroyed Spinks in 91 seconds. We can do it in 60 seconds (that's how long it takes you to read the following three paragraphs):

neon invest is cheaper and has more transparent fees. At Swissquote, trading fees are complicated and depend on numerous factors such as the transaction value, the exchange in which the assets are traded and the currency of the asset. With us, there are no exchange rate fees and your trading account is entirely in CHF. Swissquote, on the other hand, charges varying levels of exchange fees (0.95% for major currencies and even up to 2.5% for others).

With us, there are no custody fees, whereas Swissquote charges varying account fees per quarter depending on the value of your portfolio (but at least 20 CHF every 3 months, i.e. at least 80 CHF per year). This makes us more attractive for long-term investments. Plus: neon invest offers you a lot of convenience, because with us, there is neither a complicated tax declaration nor a fee of 100 CHF for the tax statement as with Swissquote. And last but not least: You invest as quickly as you want, as you don't have to wait until your transfer arrives, because the money is debited from your main account immediately.

Conclusion: neon offers you numerous advantages in terms of convenience and price. And with Swissquote, it is more difficult to make a profit when investing, as you are charged more fees that have to be offset by the performance of your investments before you actually make a profit. 

neon invest vs Yuh

This boxing match is like «The Thrilla in Manila» between Ali and Frazier in 1975 – hard-fought, long rounds. That's why we've dedicated a separate blog article to the whole thing. (Spoiler: neon wins most of the rounds by technical knockouts). However, we are the same when it comes to comfort: you can manage your everyday finances and investments with neon and Yuh in a single app.

neon invest vs DEGIRO

neon invest vs DEGIRO is like the boxing match between Ali and Foreman, also known as «The Rumble in the Jungle»: depending on the minute and round you watched, someone else had the upper hand. But here, too, there is a clear winner at the end.

But it's best to judge for yourself: Compared to DEGIRO, neon invest is cheaper if you buy or sell international ETFs or Swiss shares for less than 1'200 CHF per transaction. And for Swiss ETFs, neon invest is cheaper if you buy or sell for less than 600 CHF per transaction. 

Where we definitely win the round is in the convenience for you: You invest as quickly as you want, because you don't have to wait until your transfer arrives. The money is debited from your main account immediately.

Not enough yet? Then join the neon invest ring and find out what other advantages you have when investing with neon: Find out more here.

Please read this before using neon invest!

This blog post is an advertisement according to FinSA, Art. 68, and is aimed to inform about our feature «neon invest». It’s not an offer and we do not advise you to buy or sell any specific financial instruments. In other words: It is completely up to you if you use neon invest or not. That's why, before you engage in neon invest, you should always seek guidance from independent experts and remember that investing involves inherent risks. It's crucial to only invest money that you can afford to lose – in the worst case all of it. And finally, past performance of financial instruments never predicts the future. If you want to read the complete version of this disclaimer in proper legalese, please head this way.

Furthermore, please note that we do not claim in any way to provide a complete and thorough comparative assessment of the offers presented. As a basis for the comparison, we used the data available in the two apps neon and Yuh on the reference date 01.09.2023 at approximately 1:30 pm. The comparison results are of limited scope, as they only relate to the purchase of a single ETF or to theoretical examples. The comparison for the payment of dividends is based on the data available in the respective price lists and is therefore also of limited significance.
Give us feedback