Fintech firm Revolut launches a Robinhood-style stock trading service

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Fintech firm Revolut launches a Robinhood-style stock trading service
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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.

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