Revolut, the financial super-app, has expanded its stock trading service in Europe, allowing customers to trade shares in over 70 listed companies with a minimum investment of just €1. Customers can also set up recurring purchases to buy shares or ETFs at pre-defined times and frequencies. The number of trades allowed per month depends on the customer’s plan, with free commissions for a certain limit and a variable commission charged thereafter. The app also charges a custody fee based on the market value of the user’s assets.
This new access to European stock trading is in addition to the existing offering of investment in over 2,200 US listed companies and more than 150 ETFs. Users can track their investments in real time within the Revolut app, including performance monitoring, trading charts, and market news.
Revolut aims to make investing more accessible by adding major European companies to its platform. It plans to expand the list further and introduce other investment products such as robo-advisor services, investment funds, bonds, and a sophisticated trading platform for experienced traders.
Revolut has set its sights on Italy and aims to become the most downloaded fintech app in the country. It has doubled its investment for a brand campaign in Italy and has already launched various marketing activities. Recently, it introduced the Revolut Reader, a card reader for in-person payments, and partnered with Visa to test digital payments at Rome Fiumicino airport.
Hot Take: Revolut Expands Stock Trading Service in Europe with Minimum Investment of 1 Euro
Revolut continues to strengthen its position as a leading financial super-app by expanding its stock trading service in Europe. With a minimum investment of just 1 euro, customers can now trade shares in over 70 listed companies. This move allows for greater accessibility and flexibility in diversifying investments.
By offering real-time performance tracking, trading charts, and market news within the app, Revolut empowers its users to make informed investment decisions. The company’s goal to become the most downloaded fintech app in Italy showcases its commitment to expanding its reach and providing innovative financial solutions.
With plans to introduce additional investment products and services, Revolut is poised to become a comprehensive platform for both novice and experienced traders. Its expansion into the European market solidifies its position as a major player in the fintech industry.
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