You can now also trade stocks and ETFs via Vivid Money.
Dhe banking provider Vivid Money has only been on the market since mid-June 2020. With its smartphone application, the company would like to offer an all-round carefree package for financial transactions of all kinds. The app combines banking, savings and cashback in one program and offers a large selection of functions, offers and features. Now the company is expanding its offering and is now also enabling trading in shares and ETFs (Exchange Traded Fund, exchange-traded index fund). The investment in securities and funds is currently booming and offers more and more savers an alternative to the low interest rates of branch and online banks. Vivid Money had previously linked its cashback program with a kind of trading simulation. Now users can also trade real securities – with restrictions.
Trading in Fractional Shares
In fact, users of the app do not buy the original securities on the stock exchange, instead they buy so-called fractional shares via Vivid Money. These are parts of a share that are not traded on the stock exchange but in the open market (OTC). A certain provider (in this case the futures exchange CME) offers this type of representation of the real share in the form of a derivative contract. The advantage: You can buy shares in fragments and do not have to purchase a complete security. So it is theoretically possible to start trading stocks from an amount of 1 cent. The disadvantage: You do not receive any shareholder rights and you are not entitled to dividend payments. For this, securities trading via Vivid Money is basically free of charge. However, if you invest in US stocks, there is a 0.5 percent surcharge for converting euros into US dollars.
»Vivid Money: Withdrawing cash can be expensive
This is how the investment entry works
If you would like to use the new trading option and are already a Vivid Money customer, all you have to do is make sure that you are using the latest version of the app – it is version number 1.25. Then create a new “Pocket” and select the “Investment” pocket type. Then you answer the legally required questions about your trading experience and you can invest your money in stocks and ETFs. But be careful: unlike simulated trading in the cashback program, you are now actually trading derivatives and can make huge losses at any time. Before you invest your money, you should read up on the respective stocks and funds and weigh the risks. If you don’t have the experience to do this, you’d better stay away from it.
Costs, options & Co .: The depot comparison
If you want to buy a share or an ETF, you need a securities account. A comparison of the most important providers can be found in the table below, further detailed information can be found in the large depot comparison.
Depot comparison: fees, foreign exchanges & Co.
free depot management
Order fees
Savings plan fees
Mobile trading possible via app
German stock exchanges
USA and Canada
Japan
other
Direct trading
Securities (except stocks, ETFs, funds)
Certificates / warrants
Bonds
CFDs
Button-Link
yes (3 years)
3.90 euros for new customers in the first year, then from 9.90 euros / max. 59.90 euros
from 1.5% of the order volume per transaction
and
and
and
No
No
and
and
and
and
and
and
3.90 euros for new customers in the first year, thereafter from 9.95 euros / max. 69.00 euros
between 0 and 1.5% of the order volume per transaction
and
and
and
and
and
and
and
and
and
and
and
EUR 10 to EUR 10,000 order, then EUR 25
1,50 Euro
and
and
and
No
No
and
and
and
and
No
and
2.90 euros for new customers in the first 6 months, thereafter from 4.90 euros + 0.25 market value / max. 69.90 euros
from 1.75% of the order volume per transaction
and
and
and
No
No
and
and
and
and
No
and
7,00 Euro
1,00 Euro
No
and
and
and
and
and
and
and
and
and
and
4,00 Euro
from 0.80 euros
No
and
and
and
and
and
and
and
and
No
no (0.119 percent on deposit volume per year)
3.80 to 5.90 euros
No
and
and
and
and
and
and
and
and
and
and
and
1,00 Euro
No
and
and
and
and
and
and
and
and
No
No
no, from 19.99 euros
from 20.00 euros
/
and
and
and
No
and
No
and
and
and
No
and
from 9.95 euros
from 0.90 euros
and
and
No
No
No
No
and
No
No
No
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