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Revolut Launches Retail Trading App to Compete with Giants

Revolut Invest aims to revolutionize retail trading with low fees and extensive asset access, competing directly with platforms like Robinhood and eToro.

1 min 10 secSeptember 24, 2024

Highlights:

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Access nearly 5,000 assets, including stocks and ETFs.

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Flat fee structure and premium subscription options available.

Revolut Launches Retail Trading App to Compete with Giants

Revolut is set to launch its standalone retail trading app, Revolut Invest, currently in testing in Greece, Denmark, and the Czech Republic. This new app aims to compete with established platforms like Robinhood and eToro by offering access to nearly 5,000 assets, including U.S. and European stocks, exchange-traded funds (ETFs), commodities, and bonds.

 

 

Investors will benefit from a flat fee structure of either 0.25% or €1 for equity and bond trades, while fees for contracts for difference (CFDs) will vary based on the asset class. 

 

The app will also feature a premium subscription option called Trading Pro, which provides lower commission rates and enhanced analytics tools for serious traders.

Revolut's expansion into wealth management reflects its ambition to become a comprehensive financial super-app, following its recent acquisition of a UK banking license. 

 

 

This strategic move allows Revolut to offer a broader range of financial services, including savings accounts and loans, alongside its trading platform. The company anticipates rolling out Revolut Invest across more European Economic Area countries by the end of the year, with plans for broader global availability in the future.

 

With over 40 million customers worldwide, Revolut aims to attract new users who have not yet utilized its banking services while enhancing the experience for existing customers. As the retail trading landscape continues to evolve, Revolut Invest may position itself as a formidable player in the competitive market of online trading platforms.

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