Revolut Takes On European Stock Market with Zero Fees

Monday, 23/10/2023 | 20:37 GMT by Jared Kirui
  • The company has introduced 70+ European-listed stocks on its EEA trading platform.
  • Revolut plans to expand the listed stocks in the new offering.
Revolut

Revolut is offering fractional trading of 70+ European-listed companies in the European Economic Area (EEA). This move allows users to trade European stocks with a minimum investment of 1 EUR. Similar to its US-listed counterparts, European stock trading is charged no commission within permissible subscription limits by the financial firm.

Rolandas Juteika, the CEO and Chairman of the Board at Revolut Securities Europe, said: "We continue to make investment space more accessible for everyone by starting to add some of the largest European-listed companies to our trading platform . We want to bring our customers easy access to companies that are closer to them."

Revolut's European Stock Expansion

In the EEA, Revolut's expansion includes stocks from 70+ European-listed companies. According to the trading platform, the offering makes it easier for users to diversify their investment portfolios. It includes the stocks of popular brands like Adidas and the tech giants like Zalando. Revolut plans to expand this list to ensure investors have a wide range of options.

Besides that, Revolut has introduced recurring buys to allow investors to schedule purchases at predefined times and frequencies, be it daily, weekly, or monthly. This feature enables investors to mitigate the impact of short-term market volatility .

Revolut's commission structure for trading depends on the chosen plan. Users can execute 1 (Standard), 3 (Plus), 5 (Premium), or 10 (Metal and Ultra) commission-free trades each month. Once the free limit is exhausted, a variable fee of 0.25% per trade (0.12% for Ultra) with a minimum charge of 1 EUR applies. Additionally, there is a custody fee of 0.12% of the market value of user assets that is charged monthly.

Revolut Defies Regulatory Hurdles

Meanwhile, Revolut is facing an investigation by the Financial Conduct Authority over the accusation that it allowed the withdrawal of funds from accounts identified as suspicious by the National Crime Agency (NCA).

A recent report by the Financial Times revealed that between July and August, an estimated £1.7 million was withdrawn from accounts that the NCA had previously flagged. In response to these allegations, Revolut contended that only £500,000 was released from the accounts in question.

Revolut made its foray into the US market in 2020, offering services ranging from money transfers to debit cards. Over time, the company expanded its offerings to include a robo-advisory service for automated investment portfolios.

Revolut is offering fractional trading of 70+ European-listed companies in the European Economic Area (EEA). This move allows users to trade European stocks with a minimum investment of 1 EUR. Similar to its US-listed counterparts, European stock trading is charged no commission within permissible subscription limits by the financial firm.

Rolandas Juteika, the CEO and Chairman of the Board at Revolut Securities Europe, said: "We continue to make investment space more accessible for everyone by starting to add some of the largest European-listed companies to our trading platform . We want to bring our customers easy access to companies that are closer to them."

Revolut's European Stock Expansion

In the EEA, Revolut's expansion includes stocks from 70+ European-listed companies. According to the trading platform, the offering makes it easier for users to diversify their investment portfolios. It includes the stocks of popular brands like Adidas and the tech giants like Zalando. Revolut plans to expand this list to ensure investors have a wide range of options.

Besides that, Revolut has introduced recurring buys to allow investors to schedule purchases at predefined times and frequencies, be it daily, weekly, or monthly. This feature enables investors to mitigate the impact of short-term market volatility .

Revolut's commission structure for trading depends on the chosen plan. Users can execute 1 (Standard), 3 (Plus), 5 (Premium), or 10 (Metal and Ultra) commission-free trades each month. Once the free limit is exhausted, a variable fee of 0.25% per trade (0.12% for Ultra) with a minimum charge of 1 EUR applies. Additionally, there is a custody fee of 0.12% of the market value of user assets that is charged monthly.

Revolut Defies Regulatory Hurdles

Meanwhile, Revolut is facing an investigation by the Financial Conduct Authority over the accusation that it allowed the withdrawal of funds from accounts identified as suspicious by the National Crime Agency (NCA).

A recent report by the Financial Times revealed that between July and August, an estimated £1.7 million was withdrawn from accounts that the NCA had previously flagged. In response to these allegations, Revolut contended that only £500,000 was released from the accounts in question.

Revolut made its foray into the US market in 2020, offering services ranging from money transfers to debit cards. Over time, the company expanded its offerings to include a robo-advisory service for automated investment portfolios.

About the Author: Jared Kirui
Jared Kirui
  • 1508 Articles
  • 24 Followers
About the Author: Jared Kirui
Jared is an experienced financial journalist passionate about all things forex and CFDs.
  • 1508 Articles
  • 24 Followers

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