Lydia users can invest their savings directly from the Lydia 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
Only users who are French tax residents and of French nationality over the age of 18 with a telephone number starting with +33 and a verified Lydia account can access the service.
The account is opened directly from the Account tab of the app, under the "Investments" section.
The client 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 client opens a digital asset account with BitPanda. This Austrian company, a European leader in this field, operates this service integrated into Lydia.
The client 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).
The client can sell their assets at any time, for a minimum of 1 €.
Sell orders are executed immediately.
The client's main Lydia account is immediately credited with the amount of the order.
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 Lydia account.
If users hold fractional shares, 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 Lydia, users benefit from a tight spread.
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 Lydia app.
They are one of the European leaders in this field, based in Austria.