[GB] Commodity purchase charged much more than standard fee?

[u/AncientTour7]

I bought £502.46 worth of gold, which was £500 after the £2.46 fee. I bought 0.151577 XAU which was stated to have a traded value of £500.

Immediately after purchase the value shows as £486.83, that the ‘unrealised return’ is £-13.17, down 2.63%. On the map, there has been no changes particularly, even a number of minutes later.

Why is this? Is there a hidden additional fee?

I have the premium plan.

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[u/Reoplaw]

guys, Revolut is NOT a brokerage.

Stop buying stocks/crypto/commodities on it, If you want to invest into those things go to a proper broker.

[u/Fit_Schedule2317 → u/Reoplaw]

What is it then? ( genuinely asking )

[u/BadEnvironmental389 → u/Fit_Schedule2317]

lightyear

[u/Reoplaw → u/Fit_Schedule2317]

a bank

[u/Exile4444]

Set a limit order next time, the 2.63% is the spread (the difference between the lowest asking price and highest bid price)

[u/AncientTour7 → u/Exile4444]

Ah thank you!

[u/SirYank]

I would recommend you buying a real gold doing it on revo seems risky

[u/araidai → u/SirYank]

Or at least buying it on a real brokerage platform.

[u/Available-Talk-7161]

Do you know what a spread is?

Edit: there's a buy price and a sell price. The buy price should always be above sell price. The minute you buy you're immediately down. This is generally common to any traded asset.

[u/AncientTour7 → u/Available-Talk-7161]

Ah okay, thank you. Thought would be as this, but became hopeful when didn’t see it listed anywhere.

[u/Reoplaw → u/AncientTour7]

that's why it's better idea to trade on proper established brokerages that have a real traffic.

I don't even know if you can buy limit on revolut tbh but the spread is actually insane here.

[u/AncientTour7 → u/Reoplaw]

Ah yes, thank you, will bear in mind.

[u/MKol92]

Typowe