Revolut Singapore’s Customers Can Now Buy and Sell US-Listed Stocks From US$1by Fintech News Singapore February 9, 2023
Revolut, a neobank with more than 25 million retail customers worldwide, is now offering stock trading for its Singaporean customers. They will now have the opportunity to buy and sell US-listed fractional shares through the Revolut app.
The feature allows customers to invest as little as US$1 into stocks from popular listed companies.
To mark the launch, Revolut Singapore is waiving all commission, custody and settlement fees until March 2023 for all customers.
The Stock Trading feature includes real-time market data, stock research, stock charts, as well as price alerts, market graphs, and global market news within the app.
“We’re really excited to be offering Stock Trading to our customers in Singapore, and simplifying the trading experience for both new and experienced investors. There are so many barriers for people in Singapore who want to invest in the US stock market.
Traditional providers sting customers with a whole slew of hidden fees including brokerage, markups on foreign exchange into US dollars, as well as deposit and withdrawal fees. By offering US$0 fee* trades and our market-leading FX rates, our Stock Trading feature sets out to simplify things and give investors more money on their trades, and less on fees.”
said Deepak Khanna, Head of Wealth and Trading at Revolut Singapore.