Revolut has launched a commission-free stock trading service in a push to challenge major trading platforms such as Hargreaves Lansdown and differentiate itself from rival banking start-ups such as Monzo and Starling Bank. Customers who pay for its £12.99 monthly “metal” subscription service will be able to buy and sell US stocks from Thursday, while those who use the cheaper premium or free accounts will gain access to the service in the next few weeks.
Revolut’s free users will receive three free trades a month, and pay £1 per trade for further transactions. Premium subscribers — who pay £6.99 per month — will get eight free trades, while metal subscribers will get 100. The app will have no minimum investment size, and will be the first European company to allow investors to buy fractions of shares.
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