Revolut, the financial super app with more than 35 million customers worldwide, added stocks of 70+ European-listed companies to its investment offering across the European Economic Area (EEA).
Investment services in the EEA are “provided by Revolut Securities Europe UAB.”
With Revolut, investments in European-listed companies “are accessible with the minimum investment amount of just 1 EUR. Trading will be commission-free within allowed subscription plan limits.”
This is another step Revolut takes “to offer customers a flexible way to diversify their investments.”
With access to 70+ European-listed stocks, more than 2200 US-traded companies, and over 150 Exchange Traded Funds (ETFs) users “can check the performance of their investments in real-time with live watchlists, trading charts, and market news – all within the Revolut app.”
Revolut customers are now also “able to set up recurring buys.”
It allows buying stocks/ETFs “at predefined time and frequency – daily, weekly, or monthly. Recurring buys can help investors reduce the impact of short-term price volatility and enable them to commit to investing regularly.”
Rolandas Juteika, Head of Wealth and Trading (EEA), 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. From Adidas to Zalando, our customers can now invest in well-known European names and we will soon expand this list further. 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.”
Depending on the plan, customers can “perform 1 (Standard), 3 (Plus), 5 (Premium) or 10 (Metal and Ultra) commission-free trades per month.”
Once the free limit is passed, “a variable fee on each trade of 0.25% (0.12% for Ultra), min. 1 EUR, will apply.” Revolut also applies “a custody fee of 0.12 % annually of the market value of user assets, charged monthly.”
Customers should review the relevant risks “in Revolut’s risk description document available on its website prior to making any investment decision.”
Revolut Securities Europe UAB is “an investment firm authorised and regulated by the Bank of Lithuania.”