Oleg (@ScorpionfromBW) su getquin

1Mes·

Good evening everyone.

I've had a Revolut account for years, totally forgot I still had it.

You can also buy and sell shares, etfs etc. there. I'm mainly interested in American shares and etfs, which you can't trade in Germany. $SCHB (-0,32%) that you can't trade in DE.

Does anyone use it for investing? I would also be happy to receive information and experiences about the distributions and how this is handled.

I don't think I'll achieve much with this post, but I'd still be happy if anyone can comment on it.

11 Commenti

Jo'@Jo_Wolf

1Mes

It's my main broker and have no problem whatsoever with it.

You can't trade American ETF because most of them don't comply with the European union law that forces ETFs to distribute something called " Key Information Document " for European Union citizens, and as mentioned, most of the ETFs fund don't bother with EU administrative nightmare.

PS : some advice with revolut :
1. Always make sure to be able to prove them your funds provenance ( salary certificate etc. ) in case of random control
2. This random control virtually never happens for normal users , but it's regular on the people using Revolut for trading cryptocurrencies. That's their way or staying out of trouble with authorities and that's completely justified.

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Markus@_xempex_

1Mes

I only use Revolut for vacations and foreign currency transfers. I used to have Cryptos. Before you couldn't withdraw them, so I was never sure if they were "real" cryptos. :) But you can do that now.

About the broker. In addition to the questions posed by the poster, I would also like to know to what extent this is regulated for tax purposes. I assume that no withholding tax is deducted. How much discussion is required with the tax office?

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