Revolut is launching – ”Revolut Invest” – a standalone investment app in Europe, as it looks to disrupt the retail investor market and ramp up its efforts to be an all-encompassing financial super-app, according to ”tech.eu” .
The most valuable private tech firm in Europe is piloting Revolut Invest in Greece, the Czech Republic and Denmark, with plans to roll out across the EU later this year and other countries around the world.
Revolut Invest will offer investors more than 4,000 financial instruments to pick from, including US and European stocks, bonds, commodities, ETFs and CFD (Contracts for Difference) trading.
It is taking on investment apps such as Robinhood, eToro, Trade Republic, Scalable Capital as well as legacy players.
Revolut, which has more than 40m customers, already offers retail trading within its main app, but has now decided to launch a dedicated investment app targeting experienced investors.
It will include Trading Pro, a subscription offering with no minimum fee and lower commission rates for stocks and ETFs.
The minimum amount to start investing in bonds is €100, with 0,25% fixed fee per trade.
Revolut’s other financial services including banking, lending, insurance, crypto and a mobile eSIM service.
Rolandas Juteika, head of Wealth and Trading (EEA), said:
“With our Revolut Invest App we want to disrupt the world of traditional investing platforms who expose traders to high foreign exchange rates, ask for minimum deposits and charge them different fees like inactivity fee.
Read the full art. on ”tech.eu” .
Related art.:
– Revolut launches dedicated crypto payment cards – ”stiridigitale.ro”
– Revolut receives UK banking licence – ”stiridigitale.ro”
– Prin Revolut, clienții băncii, pot cumpăra peste 40 de obligațiuni guvernamentale și corporate – ”stiridigitale.ro”
– Revolut adds European listed stocks to its trading platform across the EEA – ”stiridigitale.ro”
