Revolut received a trading license from UK financial authorities, allowing it to compete with established trading platforms in the region.
Fintech Revolut announced plans to launch stock trading in the UK and EU markets, leveraging a new license to expand its financial offerings.
The authorisation received from the British financial regulator will allow the company to offer stocks and exchange-traded funds (ETFs) listed in the UK and EU starting from 2025.
This move will allow Revolut’s UK and EU users to trade local stocks directly. The company currently serves over 650,000 UK trading customers. Previously, it operated through a partnership to offer stock trading via its app, allowing customers to buy and sell shares of U.S.-listed companies only.
The app’s stock market expansion will initially provide users access to over 70 European companies, including major brands like Adidas and Zalando.
Revolut will also offer convenient trading features such as recurring buys for automated investment and a commission-free trading model within certain limits based on subscription plans. Beyond the free trades, fees will start at 0.25% per trade, with premium plans offering reduced rates.
This new offering positions Revolut to compete with established trading platforms in the region such as Trading 212, Freetrade, Hargreaves Lansdown, AJ Bell, and others.
Revolut is one of the most valuable fintech companies in Europe. It has recently reached a $45 billion valuation after a share sale.
Before securing a trading license in the UK, the fintech announced the receipt of a banking license in the country. After a three-year application process, the license was granted by the UK’s Prudential Regulation Authority (PRA). Although it comes with certain restrictions, the license still allows the company to gradually develop its banking operations in the UK, expanding its financial services and competing more directly with traditional UK banks, eventually offering products like loans and mortgages.
