Revolut Aims at European Advanced Traders with Pro Subscription and Extended Market Hours

<p>Aiming at more
advanced traders in Europe, Revolut has rolled out a new subscription service called
Trading Pro. For now the new product is available across the European Economic
Area (EEA), however, in the future it may be expanded to other jurisdictions.</p><p>Revolut Unveils Trading
Pro for Investors in the EEA</p><p>Trading Pro
comes with a range of benefits when compared to existing subscription plans.
For instance, users can take advantage of lower commission fees, which have
been slashed to 0.12% from the previous 0.25%. This discount applies to trades
that exceed the free trade allowance of existing Revolut plans. However, it's
worth noting that other fees may still apply.</p><p>Another feature
is the increased order limits for trading in US and EEA stocks, as well as
Exchange Traded Funds (ETFs). The new limits range from $10,000 to $1.5 million
per order for US stocks and up to €1.5 million for EEA stocks and ETFs. The
maximum number of shares allowed per trade has been capped at 50,000.</p><p>“Trading
Pro is tailored to meet the specific needs of advanced traders, offering them a
set of tools designed to enhance their trading capabilities,” commented Rolandas
Juteika, the Head of Wealth and Trading (EEA) at Revolut. “We see an increasing
customer base with higher portfolio values using Revolut for bigger trades,
with the need of deeper portfolio <a href="https://www.financemagnates.com/terms/a/analytics/">analytics</a> and desktop tools. Trading Pro is
here to solve these problems.”</p><p>For those
who rely on data-driven strategies, Trading Pro offers advanced portfolio
analytics. These include performance benchmarking, profit and loss tracking,
and portfolio allocation. Additionally, the service provides a desktop Trading
Terminal, where users can set up custom workspaces, monitor market trends, and
execute trades.</p><p>Revolut's Extended Market Hours</p><p>Revolut has
also extended market hours for trading US stocks. The new trading window now
spans from 4 AM EST to 8 PM EST. The company had previously introduced the
option for <a href="https://www.financemagnates.com/forex/revolut-takes-on-european-stock-market-with-zero-fees/" target="_blank" rel="follow">commission-free trading on European stocks</a>.</p><p>Revolut is
not alone in extending trading hours for the US stocks. Several other popular
<a href="https://www.financemagnates.com/terms/r/retail-trading/">retail trading</a> service providers have also adopted this approach. <a href="https://www.financemagnates.com/forex/etoro-launches-new-cfds-for-extended-hours-stock-trading/" target="_blank" rel="follow">Among them
are eToro</a>, which has expanded its CFD stock trading hours, Robinhood with its
<a href="https://www.financemagnates.com/forex/robinhood-fights-drop-in-users-by-introducing-24-hour-market-trading-for-all/" target="_blank" rel="follow">24 Hour Market service</a>, and Interactive Brokers offering overnight trading <a href="https://www.financemagnates.com/forex/interactive-brokers-brings-overnight-trading-to-10k-us-stocks-and-efts/" target="_blank" rel="follow">for
more than 10,000 stocks and ETFs</a>.</p><p><a href="https://www.financemagnates.com/forex/beyond-nine-to-five-spectrums-report-reveals-surge-in-off-hours-trading/" target="_blank" rel="follow">A recent
report by Spectrum Markets indicates</a> that this trend is catching on, as 35.3%
of individual trades now occur outside of traditional market hours. Traders are
most active in indices, making up 79.2% of the activity. The most commonly
traded instruments during these hours are the DAX 40, accounting for 25.3% of
trades, followed by the S&amp;P 500 at 20.8%, and the NASDAQ 100 at 18.8%. </p><p>The Revolut’s
Trading Pro subscription is available for a monthly fee of €15, with a
one-month free trial offered to new users. To access this service, users must
already have a trading account with Revolut.</p>

This article was written by Damian Chmiel at www.financemagnates.com.