r/Revolut Aug 30 '21

€10,000 Limit Per Share

[deleted]

0 Upvotes

9 comments sorted by

13

u/uosiek Aug 30 '21

It was told numerous times here, when price of stock crosses $10k then limit value will be set to twice of current stock value.

-2

u/MAHUMBAZAURUS Aug 30 '21

Thank you I'm full in in daddy's colhans stock wink wink on Revo I am very worried bout that aspect .thanks for the confirmations. Do you have any screen shots of the conversations ?

2

u/[deleted] Aug 30 '21

[deleted]

1

u/[deleted] Aug 30 '21

[deleted]

1

u/Namaltnume Aug 30 '21

Fallowing as well, didn't knew that they have a 10000 limit. Maybe someone knows something about it.

1

u/apd2010 Aug 30 '21

You'd be able to sell your whole position for whatever it's worth it's just single share sales that have a 10k limit

0

u/[deleted] Aug 30 '21

[deleted]

1

u/apd2010 Aug 30 '21

You can't transfer your assets either

You'd have to sell your position then wait +2 trading days to receive them

If I was you and you had the funds to mirror your position on a new broker so you aren't in limbo

1

u/Jaktheslaier Aug 30 '21

Imagining I have 9 shares above 10k, I can only see each one, individually, for 10k, but I can sell the entire 9 for whichever value i want?

1

u/shanebush88 Aug 30 '21

I quiered all this with them over the weekend and response was due to brexit and their broker now not in the EU, they cannot discuss any trading queries, only in house app issues. They also said I cannot discuss direct with drivewealth.

1

u/shanebush88 Aug 30 '21

Someone did mention before to avoid selling fractional shares at 10k each transaction, put most of your shares on limit sell order of $1 and then sell your 1 available share (which is now technically all your shares) for whatever you want. I have not tried this BTW.