Hi I am investing with the Revolut app,
starting 1st of September they are introducing new terms and conditions.
The most noticeable change I see is they added in a risk of insolvency.
The relevant phrasing is this:
" In the event of an insolvency of the Third Party Broker or any other brokers involved in executing your Orders, this may result in your Positions being liquidated without your consent or transferred to another broker. In such circumstances, we will seek to provide you with as much additional information as we can relating to the treatment of your existing Positions as and when we obtain it, but please be aware, you could lose the value of your investment. "
Now to me this seems really questionable. Like very worrying. I was just wondering is this normal to have when investing with a broker? It seems that this is a giant loophole that allows brokers to potentially do some gambling while I am carrying most of the risk if it goes wrong? Am I reading this incorrectly, can someone clarify?
Submitted August 09, 2021 at 08:17AM by Betaglutamate2 https://ift.tt/3iws7WY
