Revolut Stock Trading worth it?

MagicTsukai on 03/03/2022 - 14:43

Hi everyone,

I noticed an email from Revolut they are doing stock trading in Australia now,
Is it worth it to give it a try from their app? I already have it for the disposable cards.

Here's the email:

Sign up and make a trade now to get unlimited commission-free trades in 2022!

Explore Stocks

We've just launched our Stock Trading feature in Australia, and we couldn't be more excited. From today, you can start investing in US stocks from the convenience of your Revolut app, all with no hidden fees.

Whether you're a first time investor or an experienced trader, we've got everything you need to invest in stocks with confidence.

Here's how it works:

Start small
Get investing from as little as US$1. Invest in fractional shares with 1000+ global companies

Less in our pockets, more in yours
There's no exchange fees on weekday AUD/USD conversions* and we're also giving you unlimited commission-free trades in 2022 if you sign up and make a trade by the end of June!**

Learn from top traders
Learn from each other with our social trading feature. Opt in to share your portfolio and see what top investors on our platform are up to

From Apple to Tesla, the stock universe is huge, and it's yours to explore. To get started, make sure you have the latest version of the app installed.

Thanks,
Team Revolut

Explore Stocks
*Weekend fees and usage limits may apply. See our fee schedule

**See our promotional terms for more details.

Capital at risk.

Financial

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Comments

  • rektrading on 03/03/2022 - 15:45
    -2

    Start small
    Get investing from as little as US$1. Invest in fractional shares with 1000+ global companies

    It's worth a try if they've auto DCA.

  • popsiee on 03/03/2022 - 15:49

    This is cool more fish for sharks to cull .

  • alip01 on 03/03/2022 - 16:36

    Sounds like it could be a good platform, I might go with them for US stocks and Stake for ASX.

    • MITM on 04/03/2022 - 12:48

      For US trades Stake just recently changed their funding protocols for overseas clients. Can only directly load up cash from your Aussie bank via POLI or transfer. So now stake collect the FX commission on the way thru instead of 3rd party like WISE and their transfer fee is pretty high.

  • Mikeee on 03/03/2022 - 20:45

    Just an FYI:
    Be careful with this, seems that one of the founders (Nikolay Storonsky) is the son of a (former?) director at Gazprom.

  • T-man on 06/03/2022 - 17:27

    I am using Revolut stocks and it is working well, no fx fee, no trading fee, they are getting paid by payment for orders flow model and using the same broker DriveWealth in the US like Stake.

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