Revolut Rolls Out ETF Trading for European Usersby Fintechnews Switzerland May 11, 2023
Revolut, a global neobank with more than 29 million customers worldwide, announced that it has introduced ETF trading for its European customers.
The neobank’s customers across the European Economic Area (EEA) will have access to more than 100 ETFs with the minimum investment being 1 EUR.
The new offering will cover the majority of global indexes, including S&P 500, NASDAQ, DAX and FTSE. Users will be able to diversify their portfolios by investing in ETFs covering not only equities, but also bonds and commodities.
Users will be able to check the performance of their ETFs in real-time with live watchlists, trading charts, and market news from within the app itself.
This latest offering has been developed with Upvest, a Berlin-based infrastructure fintech specialising in highly scalable investment APIs.
Revolut said that it has plans to add European listed stocks and other trading products to its list of offerings in the upcoming months.
Rolandas Juteika, Head of Wealth and Trading for EEA at Revolut said,
“Our aim is further expanding our offering in the wealth & trading space. The launch of ETFs follows the successful launch of Revolut Securities Europe UAB trading entity and expansion of US listed stocks across EEA last March.
In addition to that, we will soon be launching a comprehensive range of other investment products – including stocks listed in EEA markets, mutual funds, bonds, robo-advisory services and a more sophisticated trading platform for experienced traders.”
Martin Kassing, CEO and Co-founder of Upvest said,
“With our Investment-API, it has never been easier to offer investment products across Europe and to give our clients the maximum freedom to program the API tailored to their needs.
Revolut is one the world’s largest neobanks and selects only the best vendors. We are excited to work with them. The cooperation marks a new chapter for our company.”
Featured image credit: Edited from freepik