Revolut, the financial super-app, has extended its stock trading service to customers in Europe, offering shares in more than 70 listed companies. Customers will be able to start trading with a minimum investment of as little as 1 euro.
Revolut app and stock trading in Europe with a minimum investment of 1 euro
Revolut, the financial super-app, is expanding its stock trading service in Europe. These investment services in the European Economic Area (or EEA) are provided by Revolut Securities Europe UAB (Revolut).
This means that its European customers will be able to trade fractions of shares in more than 70 listed companies in Europe, with a minimum investment of just €1.
A flexible way to diversify your investments, Revolut customers can also set up recurring purchases to buy shares/ETFs at pre-defined times and frequencies: daily, weekly or monthly.
Specifically, customers of the financial super-app will be able to trade shares according to their plan, namely 1 (Standard), 3 (Plus), 5 (Premium) or 10 (Metal and Ultra) transactions per month, free of commission.
Once the free limit is exceeded, a variable commission of 0.25% (0.12% for Ultra) will be charged on each trade, with a minimum of €1.
The Revolut app also charges a custody fee of 0.12% per annum of the market value of the user’s assets, charged monthly.
Revolut: app offers stock trading in Europe after US
Revolut has launched a new service for trading the shares of more than 70 listed companies in Europe, after offering investment in other products from the US.
In fact, the new access is in addition to more than 2,200 US listed companies and more than 150 Exchange Traded Funds (ETFs).
In this scenario, users can check the performance of their investments in real time with watchlists, trading charts and market news, all within the Revolut app.
Rolandas Juteika, Head of Wealth and Trading at Revolut (SEE), said:
“We continue to make the investment space more accessible to everyone by adding some of the largest listed companies in Europe to our trading platform. We want to give our customers easy access to the companies closest to them. From Adidas to Zalando, our clients can now invest in well-known European names and we will be adding to this list soon. A full range of other investment products will soon be available, including robo-advisor services, investment funds, bonds and a more sophisticated trading platform for experienced traders.
Revolut’s goal in Italy
At the beginning of 2023, Revolut announced the doubling of its investment to 10 million euros for its brand campaign in Italy. Its main objective is to become the most downloaded fintech app in the Bel Paese.
Specifically, the choice of Italy as the first country in Southern Europe in which Revolut decided to invest stems from the fact that in previous years, Revolut’s app was in third place as the most downloaded app.
The company’s brand campaign has included various types of marketing and business development activities.
Most recently, in July 2023, Revolut actually launched the new Revolut Reader, the card reader for in-person payments. A product that helps professionals accept all types of payments thanks to the new hardware device.
Also in July 2023, Revolut partnered with Visa to test digital payments at Rome Fiumicino airport in Italy. In practice, travellers will be able to obtain free Revolut/Visa cards from dedicated ATMs just before take-off.