Users can invest directly from the app.
- In ETFs, companies (French, European, American), precious metals and even cryptocurrencies
- From €1
- 24/7 (with a defined price even when markets are closed)
- Commission-free and with a tight spread
- Register for the service in 5 minutes
Opening a trading account
The customer will need to provide identity information, read warnings, and specify their knowledge and experience in investing before accepting the contractual documents.
In doing so, the customer opens a digital asset account with Bitpanda. This Austrian company, a European leader in this field, operates this service integrated into the app.
Buying/Selling
Buy
The customer can choose from thousands of assets (derivative products) from the catalog, which classifies them by type and then by annual performance.
Before purchasing, he has access to all the necessary information for making a decision:
- Performance over various periods
- Detailed financial information
- Expert opinions
The amount to invest can be as low as 1 €.
The number of shares associated with this amount is indicated, along with the fees.
The purchase order is executed immediately (even in the evenings and on weekends).
Sell
The client can sell their assets at any time, for a minimum of 1 €.
Sell orders are executed immediately.
The customer's main account is immediately credited with the amount of the order.
Dividends
Receipt of dividends in the customer's account may differ slightly from the payment date announced by the issuing entity. This is because certain verifications must be carried out by the partner before redistributing them to customers.
Users are indirectly, virtually and proportionally entitled to the corresponding dividend or fund distributions.
These virtual dividends are automatically and directly paid into the user's main account.
If users hold derivative products, they will receive dividends proportional to their position. For example, for half a unit, they will get 50% of the respective dividend.
Fees and limits
No fees are applied to trades. Bitpanda applies a so-called spread, which is included in the price. By investing via Sumeria, users benefit from a tight spread.
Precious metals
When purchasing precious metals, the ingots purchased are safely stored in a safe in Switzerland. Once the transaction is validated, the user becomes the owner of the metal. As storage has a cost, the user contributes to the cost of storage:
- 0.0125% for gold;
- 0.0250% for silver;
- 0.0250% for Palladium;
- 0.0250% for Platinum.
The calculation is made daily and deducted from the trading account on a weekly basis (if the balance is 0, no mark-up is deducted).
Declaration and taxation
This foreign account must be declared to the tax authorities every year, using the Cerfa 3916 form.
The gains must be reported on the annual income tax declaration, as profits on foreign financial products.
Implemented by Bitpanda
The trading functions and products are those of Bitpanda, directly integrated into the app.
They are one of the European leaders in this field, based in Austria.