Commodities security, regulations, and taxes
Are my commodities secure?
Revolut holds all commodities with our trusted service partner, who stores them in the vaults of the London Bullion Market Association (LBMA). These vaults are commonly used by global banks to keep their commodities holdings safe.
Commodities holdings are not protected by the Financial Services Compensation Scheme in the UK or the Lithuanian Deposit Insurance Scheme in the EEA.
In the unlikely event of Revolut’s insolvency, all commodities holdings will be sold and the proceeds will be credited to your external bank account.
Are commodities regulated?
The commodities offering of Revolut Ltd is not regulated. Funds received by us in relation to commodities transactions won't be safeguarded (as is the case for fiat currency transactions pursuant to our obligations under the UK Electronic Money Regulations 2011). Any commodities we hold for you aren't covered by are not protected by the Financial Services Compensation Scheme in the UK or the Lithuanian Deposit Insurance Scheme in the EEA.
Taxes on commodities
Depending on your local legislation, you might need to pay taxes on your commodities exposure. Revolut doesn't advise on tax matters. Consult with a tax advisor if you’re unsure.