Trading with Revolut - commission free trading starting with $1

Revolut has recently launched Revolut trading - a possibility to invest in American stocks inside the app. This is a great opportunity for everyone, who wants to easily invest in famous companies with as little as $1. You can just buy fractional shares if you cannot afford to buy the full share.

It is especially awesome if you already have an account on Revolut. The app has an easy interface for transferring money from your Revolut account to your investment account. The process of looking for the company you want to invest in and buying a share is also incredibly easy.

Legal stuff

Revolut enabled investment through another fintech company called DriveWealth and authorized by Sapia Partners LLP, which is authorized and regulated by the Financial Conduct Authority in the UK. This means you have to agree to their terms of use and privacy policy before you set up an investment account.

If the third-party broker fails, according to the US law clients' assets are transferred to another registered broker. Also, brokers are also required to be a member of the Securities Investor Protection Corporation, which protects client securities accounts of up to US$500,000.

Your income from investments is subject to taxes and it is a responsibility of each client to understand how to declare their investment taxes.

Setting up an investment account

To open a trading account you need to first open a Revolut account, be at least 18 years old, and have at least the 6.2 version of the Revolut app.

  • Check below whether your country is eligible
  • Create a Revolut account here to get the Revolut debit card for free
  • Go to "dashboard" in the lower right corner and click on "Trading"
  • You will see a list of stocks. Click on any and then click on "open investment account"
  • Add your tax number, answer some questions, accept terms and conditions
  • Your investment account will be approved within a few minutes
  • Now you can add funds and start investing as easy as that!

Eligible countries as of October 2019

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.

Fees

Commission-free trades

Each user gets an allowance of commission-free trading and the amount depends on your subscription.
Standard users (free account) get 3 commission-free trades per month
Premium users: 8 commission-free trades
Metal users: unlimited commission-free trades

If you exceed the limit, you will have to pay roughly 1 euro per trade

Annual custody fees

Revolut will charge 0.01% of the market value of your assets annually

Fees imposed on US stock trading by regulators

The Securities Exchange Commission (SEC) levies $20.70 for every $1,000,000.
The Financial Industry Regulatory Authority (FINRA) charges on all stock and ETF sales at a rate of $0.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95 (this is the TAF fee)

Dividends

Dividend payments may be subject to US withholding tax which will be withheld by the Third Party Broker. Withholding tax is normally 30% but may be reduced depending on your country of residence and whether that country has an applicable tax treaty.

Full information about fees can be found here.

Features at a glance

Trading with Revolut - commission free trading starting with $1 - Scientia
  • Buy a fraction of a share
  • Minimum to invest is $1
  • Dividends will be credited to your account with the dividend amount on the payment date
  • Commission-free trading
  • Easy to use
  • No price alerts for now
  • For now, there are no ETFs or index stocks
  • Currently, you can invest a maximum $1000 per order, which is hopefully going to change soon

Ready to invest?

Read more about Revolut here.

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