The U.K. financial super app Revolut announced Wednesday (Jan. 19) the launch of its commission-free stock trading platform.
The platform, which features more than 1,100 securities, including 200+ exchange traded funds (ETF) listed on the New York Stock Exchange and NASDAQ, lets users trade full and fractional shares by placing market, limit or stop limit orders, in addition to queue orders during off-trading hours.
“As part of its commitment to transparent and informed investing, Revolut’s trading platform will include overviews of the top ten holdings of each ETF along with real-time information and intuitive stock charts including price alerts, market graphs, performance data and global market news within the app,” the company said in a news release.
Revolut adds that it hopes to help traders make more informed decisions about their investments by offering them access to a wealth of market and security information.
“Over the last 18 months, Revolut’s core focus in the U.S. has been to design an app that meets the financial needs of the modern U.S. consumer, and launching stock trading is the natural next step in this effort,” said Nik Storonsky, Revolut co-founder and CEO. “Understanding stocks are serious financial investments, we’ve built an inclusive, user-friendly product that equips consumers with everything they need to trade with confidence.”
Read more: Revolut Intros Savings Vault with 0.7% Interest to Advance Consumers’ Goals
January has been a busy month for Revolut. The launch comes just two days after the company launched its Savings Vault, designed to give Revolut Metal customers a savings product that offers a 0.7% interest rate to help customers achieve their financial goals.
Last week, Revolut Bank announced it was offering digital banking services in 10 Western European markets, making its services now available in 28 countries across the region.
Also this month, Revolut was granted permission from the Monetary Authority of Singapore (MAS) to let customers trade gold and silver using its app, backed by real metal and based on live market performance data.
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