Revolut launches fractional trading on 70+ European stocks
British fintech firm Revolut has broadened its investment options by integrating over 70 European-listed companies for its Irish customers. This addition allows users to start investing with as little as €1, with trading being commission-free within specific subscription plan constraints.
This move is part of Revolut’s larger strategy to diversify investment choices for its users. The platform now encompasses more than 70 European stocks, over 2,200 companies traded in the US, and around 150 Exchange Traded Funds (ETFs). All these investments can be tracked directly through the Revolut app.
On top of that, Revolut has introduced a feature that allows for recurring purchases. This function permits users to set up regular buys of stocks or ETFs, offering a strategy to potentially smooth out the impact of short-term price swings.
The number of monthly commission-free trades that a user can make varies depending on their subscription plan. Once this limit is reached, variable fees will apply to additional trades. A yearly custody fee, calculated at 0.12% of the market value of a user’s holdings, will also be charged by Revolut, assessed on a monthly basis.
Rolandas Juteika, the Head of Wealth and Trading for the European Economic Area (EEA) at Revolut, remarked on the company’s efforts to expand its trading options by including a wider range of European companies.
“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. From Adidas to Zalando, our customers can now invest in well-known European names and we will soon expand this list further,” she said.
Britain’s most valuable start-up added that a comprehensive range of other investment products is coming soon – including robo-advisor services, mutual funds, bonds, and a more sophisticated trading platform for experienced traders. The company already launched the robo-advisor service in the U.S. two months ago, aiming to tap into this market potential and attract a growing number of investors who are looking for digital and automated investment tools.
Revolut prides itself on being a financial “super app” that effectively consolidates a range of consumer services into one convenient application. Essentially, it allows users to seamlessly handle savings, expenditures, investments, and even benefit from travel-related protections, all within a single platform. This integrated approach enables individuals to efficiently manage their finances, both locally and while abroad, through a sophisticated and user-friendly application.