Revolut Launches Commission-free Stock Trading

Revolut, a London-based fintech company, backed by some of Europe’s most well-known investors have launched commission-free stock trading. Revolut Metal customers can now make up to 100 commission-free trades per month in over 300 U.S. listed stocks on the New York Stock Exchange and NASDAQ.

Revolut’s commission-free stock trading is supported by real-time price and performance data.  Trading will only be available during the hours of 9:30am – 16:00pm EST, as Revolut are currently only offering U.S stocks.

Revolut’s commision-free stock trading will include up to 100 commission-free trades per month, instant market orders, a $1000USD (R15000ZAR) maximum order and fractional shares (With fractional shares, you can buy a fraction of a share for as little as R15ZAR).

The new commission-free stock trading feature will only be available for Revolut’s metal card customers at this initial stage and will eventually reach all of its customers (Standard and Premium customers) in a roll-out process over the next few weeks.

Revolut’s fee structure will be as follows:

  • Premium customers will be able to make eight free trades per month. Any trades thereafter will be charged at £1 (R16ZAR) per trade.
  • Standard customers will be able to make three free trades per month. Any trades thereafter will be charged at £1 (R16ZAR) per trade.
  • Both of Revolut’s plans will be subject to the same 0.01 percent annual custody fee that applies to Metal customers.
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Trading is fast and convenient thanks to the ability to fund your trading account in multiple currencies, directly from the app.

Revolut’s fully metal contactless card give its customers 1% cashback on any currency, including cryptocurrencies. Revolut metal cusomers also receive 24/7 exclusive concierge.

In order to begin trading on Revolut you must have a verified email address and, depending on what kind of photo ID you signed up to Revolut with, you may need to provide further identification documents.

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Leigh Williams
Leigh Williams is a fintech, blockchain and cryptocurrency writer

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