Revolut's trading feature lets users buy or sell popular U.S. stocks from Apple to Beyond Meat.
Revolut said it partnered with U.S. broker DriveWealth, which will facilitate trades in the background, to build the investing service. While it won't necessarily be a direct revenue driver for Revolut, the company is hoping to eventually make money from the platform as users of its basic service become more active and opt for the app's premium offerings.
Standard users will be limited to three free trades per month, while premium customers — who pay about £7 a month — can make up to eight free trades and metal users get up to 100. Additional trades will be charged at £1 each, Revolut said.The news also arrives as Revolut readies an expansion into the U.S. While the company will no doubt be seen as trying to take on Robinhood, Revolut's Mohamed said the comparison wasn't warranted.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Fashion Launches a Personal Styling Service—Will Customers Actually Use It?.AmazonFashion is launching a new service for Prime members called Personal Shopper by Prime Wardrobe, but it’s got some stiff competition.
Read more »
Make It Last: Fintech Firm Solves Number One Retirement Fear—Outliving Your MoneyWhile the braying pack of fintech startups chase Millennial money, former JPMorgan exec Rhian Horgan has her eyes on Boomers’ cash.
Read more »
Make It Last: Fintech Firm Solves Number One Retirement Fear—Outliving Your MoneyAfter 17 years with JPMorgan, Rhian Horgan ditched her business suits for jeans—she's now the founder and CEO of a fintech firm helping those nearing or in retirement.
Read more »
Make It Last: Fintech Firm Solves Number One Retirement Fear—Outliving Your MoneyWhile the braying pack of fintech startups chase Millennial money, former JPMorgan exec Rhian Horgan has her eyes on Boomers’ cash.
Read more »
Make It Last: Fintech Firm Solves Number One Retirement Fear—Outliving Your MoneyWhile the braying pack of fintech startups chase Millennial money, former JPMorgan exec Rhian Horgan has her eyes on Boomers’ cash.
Read more »
AT&T Killing Off ‘DirecTV Now’ Name as It Launches AT&T TV Streaming ServiceSay goodbye to the “DirecTV Now” name. Later this summer, AT&T will retire the name of the over-the-top TV service, first launched in December 2016, which will be rebranded “A…
Read more »