Introduction
Revolut is a widely popular digital banking platform that has expanded its services over the years. One of its newest services includes stock trading, and it has quickly garnered attention as a top choice for investors. With its easy-to-use platform, competitive fees, and wide range of trading options, Revolut is quickly emerging as a preferred choice for traders, especially for the year 2022. In this blog post, we will delve deeper into why Revolut is becoming a top stock trading choice and why you should consider it too.
Revolut’s background
Revolut was launched in July 2015 as a digital banking alternative with a mission to make banking accessible and easy for everyone. It started its journey by offering prepaid debit cards with the ability to send money abroad with much lower fees than traditional banks. Now, it has expanded its services to include stock trading, cryptocurrency, and other financial products.
Revolut’s Stock Trading Features
Revolut’s stock trading platform comes with several features that make it stand out. For instance, you can trade stocks in over 800 US companies, UK companies, and European companies with zero commission fees, which is a significant advantage over traditional brokers.
The benefits of trading stocks on Revolut
In addition to the zero trading fees, there are several other benefits of trading stocks on Revolut. One such benefit is the ability to buy fractional shares, which allows you to invest in expensive stocks with a smaller amount of money. Also, the app is very user-friendly, and you can get started in a matter of minutes. Lastly, the platform offers real-time pricing, which allows you to know the current value of your portfolio at any time.
Revolut’s fees compared to traditional brokers
When it comes to fees, Revolut’s zero commission on trading stocks is a significant advantage. Traditional brokers, on the other hand, usually charge several fees, including commission fees, platform fees, account maintenance fees, and more. These fees can add up and cut into your earnings.
Security features on Revolut’s trading platform
Revolut’s platform is highly secure, with several features that protect your investments. It uses 3D secure technology to ensure your transactions are secure, and your investments are protected. Additionally, it offers a two-step verification process, which ensures that only you can access your trading platform.
Is Revolut safe for stock trading?
Yes, Revolut is safe for stock trading as it is authorized and regulated by the Financial Conduct Authority (FCA) in the UK. The platform adheres to strict regulatory requirements to ensure the safety of its users’ funds.
Revolut’s customer support and service
Revolut offers excellent customer support and service, with a 24/7 support team that is available to assist with any queries or issues. You can reach out to them via the in-app chat service, and they will respond promptly.
Conclusion
Overall, Revolut’s trading platform is rapidly emerging as a preferred choice for traders, owing to its competitive fees, ease of use, and range of features. Whether you are a newbie trader or a seasoned investor, Revolut offers an excellent trading experience that is well worth considering in 2022.
FAQs
1. Can I trade stocks on Revolut from anywhere in the world?
Yes, you can trade stocks on Revolut from anywhere in the world where their services are available.
2. Does Revolut offer any educational resources for traders?
No, Revolut does not offer any educational resources for traders at the moment.
3. How can I transfer funds to my trading account on Revolut?
You can transfer funds to your trading account with Revolut using a debit card, bank transfer, or another Revolut account.
4. Is Revolut’s stock trading platform available on desktop computers?
No, currently, Revolut’s stock trading platform is only available on the mobile app.
5. What are the types of stocks I can trade on Revolut’s platform?
Revolut’s platform offers stocks from over 800 US, UK, and European companies.