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Commission-free trading is now live for Metal customers, enabling these customers to make up to 100 commission-free trades per month. In the coming weeks, we’ll begin to roll out trading to our Standard and Premium customers, too. Capital at risk.
Investing in the stock market has notoriously been expensive, complicated and inaccessible for a lot of people. So, about a year ago, we transparently announced our plans to bring commission-free stock trading to the UK and Europe.
Starting today, we’re thrilled to announce that trading is now live for Revolut Metal customers, who will be able to make up to 100 commission-free stock trades per month, supported by real-time price and performance data.
In the coming weeks, we’ll begin to roll this service out to our Standard and Premium customers too, and we’ll be sure to let you know when we’re ready to do this. Until then, here’s an overview of what to expect from our new trading service.
What does commission-free mean?
It isn’t just the price of shares which makes investing difficult for many people, it’s fees, too. Commissions for individual trades can be considerable, quickly adding up to make investing a costly endeavour.
Revolut Metal customers will be able to make up to 100 trades each month, without paying any commissions for those individual trades. Any trades in excess of this would incur our standard £1 commission fee per trade. We also charge a 0.01 percent annual custody fee. For example, if your investment portfolio is worth £100,000, your annual custody fee would be £10. Other pass through fees may apply.
Although trading is not available to Premium and Standard users yet, so that we’re completely transparent, here’s the lowdown on fees for you.
Premium customers will be able to make eight free trades per month. Any trades thereafter will be charged at £1 per trade.
Standard customers will be able to make three free trades per month. Any trades thereafter will be charged at £1 per trade.
Both of these plans will be subject to the same 0.01 percent annual custody fee as applies to Metal customers.