Revolut launches new trading scheme for customers with over 150 additional stocks
Revolut has launched the trading feature to standard and premium customers in 26 markets today (September 19).
The roll out will begin in several countries including the likes of Austria, Belgium, Croatia, Cyprus, Germany, Greece, Ireland, the Netherlands to the UK. Additional markets are to be added in the next few weeks.
Last month, Revolut made stock trading available to Metal customers, enabling them to buy and sell 300 US stocks directly from the Revolut app.
Today’s launch sees Revolut add 150 more US stocks for customers to choose from, including companies like Twilio, Worldpay and Groupon. Revolut customers can now access over 450 US stocks and download monthly statements directly from within the app.
Andre Mohamed, head of wealth and trading at Revolut, said: “We’re delighted to provide even more people with access to the stock market and make financial services more inclusive, innovative and affordable.
“We’ll continue to build on the trading product, rolling out access to different markets and products in the near future.”
Standard customers will be able to make three free trades per month, while premium customers will be able to make eight free trades per month.
Investors are often required to buy a minimum of one share in a company. That’s not a problem if the cost of a single share is low, but shares in many popular companies, such as Amazon, can be a thousand dollars each, or more.
With fractional shares, Revolut customers can buy a fraction of a single share from $1, which means they still own a piece of the company, albeit a much smaller one.
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