Vivid Money: Banking app starts ETF and stock trading

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Vivid Money © Vivid Money

You can now also trade stocks and ETFs via Vivid Money.

D.he 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 image 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 to 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 trade 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 Yes Yes Yes No No Yes Yes Yes Yes Yes
Yes 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 Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Yes EUR 10 to EUR 10,000 order, then EUR 25 1.50 euros Yes Yes Yes No No Yes Yes Yes Yes No
Yes 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 Yes Yes Yes No No Yes Yes Yes Yes No
Yes 7.00 euros 1.00 euros No Yes Yes Yes Yes Yes Yes Yes Yes Yes
Yes 4.00 euros from 0.80 euros No Yes Yes Yes Yes Yes Yes Yes Yes No
no (0.119 percent on deposit volume per year) 3.80 to 5.90 euros No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Yes 1.00 euros No Yes Yes Yes Yes Yes Yes Yes Yes No No
no, from 19.99 euros from 20.00 euros / Yes Yes Yes No Yes No Yes Yes Yes No
Yes from 9.95 euros from 0.90 euros Yes Yes No No No No Yes No No No
* Our independent experts regularly deal with products and service providers. We will provide you with the resulting articles free of charge. COMPUTER BILD receives a small commission when you click on a link or conclude a contract with a linked provider. Note: The content on computerbild.de is not a specific investment recommendation and only contains general information. Authors, editors and the cited sources are not liable for any losses that may arise through the purchase or sale of the securities or financial products mentioned in the articles.
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