Digital finance business Revolut is launching a fee-free share-trading service in the UK and Europe on Thursday, seeking a slice of the brokerage-controlled market to continue the company’s rapid expansion.
The UK-based fintech start-up has revolutionized currency exchange in Europe, offering cheap transactions to businesses and individual consumers. The company says it has 6 million customers in the UK and Europe and has signed up half a million in Poland in a little more than a year.
Fee-free share trading will be limited to only a few transactions for clients who hold free Revolut accounts, while those who pay for Revolut’s premium account will be allowed to perform 100 transactions a month without charge.
Via Reuters /Revolut /Financial Times
