Any experience with Investart?

Anyone with some experience with a new swiss investment tool called “Investart”.

They seem to be an interesting alternative to Yova, Selma, Truewealth, but I found it strange to don’t have any reviews online.

If you have any experience or insights about the tool I would like to hear more - investart.ch

Thanks for the discovery. If someone can enlighten me about their business model, I’d be very thankful. I can’t find the premium services they claim to make their profits on (is it registered members access only?) and no fees with no outside payments seems particularly hard to pull off, especially since they are offering stamp duty and VAT.

Their model as described seems very hard to sustain to me, though the solution seems nice and intuitive (you have to dig up to get access to any real data, though).

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I contacted them by email previously. They open brokerage accounts for their clients at Interactive Brokers

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Company was founded in July 2016 by Marina Korotkow. In December 2019 Richard Thomas Toolen (UK-expat) took over.

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Thank you for your question. We limit the number of new clients to 1’000 a year for the time being because it helps us keep the costs down and pass the cost savings to you in the form of zero commissions.
Best regards
Richard (ceo investart)

Will he attempt to do transaction pooling here?

0 fees indeed sounds too good to be true…

Also, the CHF-hedging responses in the article and comments don’t seem correct to me.

But I am a natural sceptic, let’s see what it brings in the future. :slight_smile:


Edit: Googling Investart just took me to another forum which looks 100% like ours. :grin:
Anyone there?

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I have been recently researching Investart and I am planning to post a full review of the service next month.

Overall, it looks really interesting. It seems well-regulated and actually safe. I started investing a little money into it this month, so very limited experience on my side.

The only thing that is worrying is their young age with zero fees and the risks that this business model does not work in the long-term.

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I did an account with them to test, it did not so well, as The Poor Swiss mentioned in the article. The third party identity verification is really a pain but once done it’s forgot. Then I had several issue with my account because I used an alias email (like name+alias@email.com) and it’s linked to the username of the account but if you then change the email address the original one use to open the account stay as username. It’s bit strange and not so clean, imagine you use an email account to register and then don’t have access to it anymore, you will always have to login with this old email address, for people using password manager it might not be a problem but for others it might be annoying.

Once all the problem solved and there is this thing about demo portfolio (by default with 100kCHF) that need to be converted to a real one. When you send money to Interactive Brokers with your IB account reference (the one created by Investart for you, in case you already have another one directly from IB, not my case) it will be visible in your IB (read only) account but in my case it was not invested automatically as it’s suppose to be. They had to solve something manually but again it might be due to my email alias issue.

Now I have my money invested and the demo portfolio with 100kCHF is showing my real assets, it’s just strange that in the history I have fake transaction with a value of 0 that buy and sell asset for the demo (when I was selecting my products) and the value history goes suddenly from 100kCHF to my real amount at the time it was converted to a real account.

This all thing with demo account is somewhat confusing and they should make them totally separated. I even though I add to create a new “non-demo” portfolio to start with I end up with a request to open a second real portfolio in IB, not what I want to do at all.

Now it looks like working fine, I have no money to add in the account, it was just a kind of test and a way to have a first step in investing. I’ll see if I keep it open and add money, maybe until I have 100k to switch to a real IB account. By the way I asked what happen if I want to close my account, if I can convert the IB account to a real one directly controlled by me. The answer was not clear but they said I should open an account at IB directly if it’s what I want to.

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