Vivid Money Review
Headquartered in Berlin, Germany, with offices in France, Spain, and Italy, Vivid Money is an international organization that offers mobile banking and a digital investing platform from a single app. They offer access to trade over 2,000 stocks, ETFs, and some digital assets, such as Bitcoin, Ethereum, Litecoin, and more. They have a team of over 200 professionals from more than 25 different countries who aim to help clients learn how to grow their money. The broker provides traders with a knowledgeable customer support team to assist them.
Pros / Cons
- User-friendly platforms
- No minimum deposit requirement
- Multiple financial instruments
- Educational resources
- No MetaTrader trading platform
- No standalone trading tools
- No forex trading instruments
- Not available in the USA
In this detailed Vivid Money review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Vivid Money Overview
Launched on the 8th of June, 2020, Vivid Money is an online financial services provider that is designed to bring a colorful and entirely different experience to modern banking. They allow customers to live their economic lives to the fullest, from easy payments, transfers, multi-currency accounts for travels, spendings reports, split bills, as well as the possibility to invest in international stocks, ETFs, and crypto. They give traders access to various competitive trading conditions, including cashback of up to 25%, free withdrawals, fee-free payments, and rewards in companies’ stocks.
Vivid Money Regulation
Vivid Money GmbH acts as an outsourcing partner of Solarisbank AG to provide bank account services and debit card services. Further, Vivid Money GmbH offers the brokerage of transactions for the purchase and sale of financial instruments in the area of foreign exchange as a tied agent of Solarisbank AG. SolarisBank AG is a fully regulated European bank authorized and supervised by the Federal Financial Supervisory Authority (BaFin).
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Vivid Money Countries
Clients from different parts of the globe are allowed to open a live trading account with Vivid Money, provided that doing so would not be contrary to any local law or regulation.
Some Vivid Money features and products mentioned within this Vivid Money review may not be available to traders from certain countries because of legal restrictions.
Vivid Money Platforms
Vivid money provides traders with an intuitive trading platform that is available in web and mobile versions. The mobile platform acts as a mobile banking app and a digital investing platform for various financial instruments: stocks, ETFs, and cryptocurrencies. The web version of the Vivid Money trading platform can be accessed directly from their website. At the same time, the mobile app is compatible with Android and iOS devices and can be downloaded from the respective app stores.
Vivid Money Trading Tools
There are no standalone trading tools on the broker’s website at the moment.
Vivid Money Education
The broker’s website is replete with various educational resources to improve clients’ trading skills and knowledge while keeping them up to date with the latest happenings in the financial markets. These educational resources include press, news, an FAQ section, announcements, and a blog that contains several learning articles and trading guides.
Vivid Money Instruments
The broker offers the following financial instruments: stocks, ETFs, cryptocurrencies, and more.
Vivid Money Accounts & Fees
Vivid money provides traders with a choice of two live trading accounts, namely: Vivid Standard and Vivid Prime. The Vivid Standard account is entirely free and requires no initial deposit to start trading. On the other hand, the Vivid Prime account requires a fee of €9.90 per month to maintain it after the three-month free period.
As broker fees can vary and change, there may be additional fees that are not listed in this Vivid Money review. It is imperative to ensure that you check and understand all of the latest information before you open a Vivid Money broker account for online trading.
Vivid Money Support
The broker’s client support team can be contacted via social media channels: Instagram, Facebook, LinkedIn, Twitter, and Telegram.
Vivid Money Deposit & Withdrawal
All account deposit and withdrawal requests at Vivid Money are processed using any of the following payment methods: credit/debit cards, bank transfer, cryptocurrencies, and more.
Vivid Money Account Opening
You can open a trading account by clicking on the ‘open free account’ button on the broker’s website, fill in the quick account application form, providing your phone number or email, and submit.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions and policies. Only proceed if you fully understand and agree with them.
Vivid Money Summary
Vivid money is an online financial services provider that is based in Berlin, Germany. They were launched in 2020 and have continued to serve as a digital banking platform and an investment platform for various financial markets. They offer a choice of two live trading accounts. Their proprietary trading platform is available in web and mobile versions. There is no minimum deposit required to start trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.