Rolands Juteika, Head of the Finance and Trade Department
Revolut, the financial super app with more than 35 million clients all over the world, has added more than 70 shares of companies listed in Europe to its investment offer in Latvia. Investment services in the EEA are provided by Revolut Securities Europe UAB (Revolut).
Using Revolut, investments in companies listed on the European stock exchange are available with a minimum investment amount of only 1 euro. Trading will be commission-free within the limit set by the subscribed plan.
This is another step that Revolut performed to offer clients a flexible way to diversify their investments. With access to over 70 European listed stocks, over 2,200 US-listed companies and over 150 exchange-traded funds (ETFs), users can check the performance of their investments in real-time with online watchlists, trading charts and market news, all within the app Revolut.
Revolut customers can now also set up recurring purchases. It allows you to buy stocks/ETFs at a predetermined time and frequency – daily, weekly or monthly. Periodic purchases can help investors reduce the impact of short-term price volatility and allow them to invest regularly.
Rolands Juteika, Head of Wealth and Trading (EEZ): “We continue to make investing more accessible to everyone by starting to add some of the largest European listed companies to our trading platform. We want to give our customers easy access to businesses that are closer to them. From Adidas up to Zalando — our clients can now invest in shares of well-known companies in Europe, and we will soon expand this list even more.
A wide range of other investment products will be available soon, including robo digital advice platform services, mutual funds, bonds and a more sophisticated trading platform for advanced traders.”
Depending on the plan, customers can make 1 (Standard), 3 (Plus), 5 (Premium) or 10 (Metal and Ultra) commission-free transactions per month. When the free limit is exceeded, a variable fee of 0.25% (0.12% Ultra) will be applied for each transaction, min. in the amount of 1 EUR. Revolut also applies a custodial fee of 0.12% per annum of the market value of the user’s assets, charged monthly.
Clients should review the relevant risks before making any investment decision Revolut the risk is described in a document available on the website. Revolut Securities Europe UAB ir An investment company authorized and regulated by the Bank of Lithuania.
2023-10-24 07:09:32
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