Revolut Is Set to Launch Zero-Fee Stock Trading Services in the US

Fazzaco learned that ​Revolut, a UK financial technology firm offering banking services, is rolling out zero-fee stock trading services in the United States.

​The service will be available in a few months and will eventually allow for fractional share purchases and investing spare change from card transactions.

The UK-based fintech secured a U.S. broker-dealer license, enabling it to compete with the likes of Robinhood and Square in the red-hot world of retail trading, according to CEO and founder Nik Storonsky.

“We are building a single app where people can manage all aspects of their finances, from banking and foreign exchange, to cryptocurrency and stock trading,” Storonsky said. “We’re eager to break down common barriers to entry around stock trading such as account minimums and complex interfaces.”

Revolut will earn payment for order flow revenue in the U.S., and the company will eventually aim for a public listing in the U.K., U.S. or perhaps a dual listing.

As Fazzaco reported earlier, Revolut has announced its strategic partnership with Equifax UK​, the business and consumer insights expert, to provide differentiated data assets and real-time predictive analytics for a faster, more informed view of customers and prospects.