investment plans on zero-commission ETF in Europe
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Revolut has announced the launch of commission-free ETF investment plans across the European Economic Area (EEA). The initiative aims to make investments more accessible to a wider audience, thanks to the elimination of fees on investment plans in ETFs. The super app Revolut Revolut is a global financial technology company launched in 2015 in the United Kingdom. As of today, it has more than 50 million customers worldwide, and dozens of innovative products, and records more than 800 million transactions per month. The objective of the company is to offer both private citizens and businesses greater control over their finances, and to connect people all over the world. Revolut offers a wide range of investment options for its customers throughout the EEA, with more than 5,000 financial assets available within the app, including stocks, ETFs, and bonds. Furthermore, thanks to the Robo-advisor service, it also allows clients with limited or no experience to do trading. For more active trading clients, it offers a subscription called Trading Pro, which provides access to price advantages, such as lower commissions, and additional analysis features. The investment plans on ETF by Revolut One of the services offered by Revolut is the one that allows setting up automatic and recurring purchases on over 300 ETFs (Exchange-Traded Fund), starting from a minimum of 1€. Thanks to the initiative announced today, users residing in the EEA will be able to use this service without fees. Investment services in the European Economic Area are provided by Revolut Securities Europe UAB, an investment company authorized and regulated by the Bank of Lithuania. The ETF market in Europe has experienced a rapid increase, with growing adoption particularly among retail investors. For example, in 2024 alone, 10.8 million investment plans in ETFs were activated every month in continental Europe. The initiative…
Filed under: News - @ January 16, 2025 12:26 pm