Revolut Takes On European Stock Market with Zero Fees

<p>Revolut is offering fractional trading of 70+
European-listed companies in the European Economic Area (EEA). This move allows
users to trade European stocks with a minimum investment of 1 EUR. Similar to
its US-listed counterparts, European stock trading is charged no commission
within permissible subscription limits by the financial firm.</p><p>Rolandas Juteika, the Head of Wealth and Trading (EEA) at Revolut, said: "We continue to make investment space more accessible for
everyone by starting to add some of the largest European-listed companies to
our <a href="https://www.financemagnates.com/terms/t/trading-platform/">trading platform</a>. We want to bring our customers easy access to companies
that are closer to them."</p><p>Revolut's European Stock Expansion </p><p>In the EEA, Revolut's expansion includes stocks
from 70+ European-listed companies. According to the trading platform, the offering
makes it easier for users to diversify their investment portfolios. It includes the stocks of popular brands like Adidas and the tech giants like Zalando. Revolut plans
to expand this list to ensure investors have a wide range of
options.</p><p>Besides that, <a href="https://www.financemagnates.com/tag/revolut/" target="_blank" rel="follow">Revolut</a> has introduced recurring buys
to allow investors to schedule purchases at predefined times and frequencies,
be it daily, weekly, or monthly. This feature enables investors to mitigate
the impact of short-term market <a href="https://www.financemagnates.com/terms/v/volatility/">volatility</a>.</p><p>Revolut's commission structure for trading depends
on the chosen plan. Users can execute 1 (Standard), 3 (Plus), 5 (Premium), or
10 (Metal and Ultra) commission-free trades each month. Once the free limit is
exhausted, a variable fee of 0.25% per trade (0.12% for Ultra) with a minimum
charge of 1 EUR applies. Additionally, there is a custody fee of 0.12% of the market
value of user assets that is charged monthly.</p><p>Revolut Defies Regulatory Hurdles</p><p>Meanwhile, Revolut is <a href="https://www.financemagnates.com/fintech/revolut-under-scrutiny-fca-probes-suspicious-account-transactions/" target="_blank" rel="follow">facing an investigation</a> by the
Financial Conduct Authority over the accusation that it allowed the withdrawal
of funds from accounts identified as suspicious by the National Crime Agency
(NCA). </p><p>A recent report by the Financial Times revealed that
between July and August, an estimated £1.7 million was withdrawn from accounts
that the NCA had previously flagged. In response to these allegations, Revolut
contended that only £500,000 was released from the accounts in question.</p><p>Revolut made its
<a href="https://www.financemagnates.com/fintech/revolut-is-yet-to-apply-for-a-us-banking-license-formally-report/" target="_blank" rel="follow">foray into the US market</a> in 2020, offering services ranging from money
transfers to debit cards. Over time, the company expanded its offerings to
include a robo-advisory service for automated investment portfolios.</p>

This article was written by Jared Kirui at www.financemagnates.com.