- The FCA has awarded Revolut Trading its own trading licence
- The licence paves the way for new trading products and features, including UK listed stocks
- Revolut was recently granted a UK banking licence with restrictions by the Prudential Regulation Authority (PRA)
London, 18 November 2024 – Revolut, the global fintech with over 10 million UK customers and over 45 million globally, today announced it has been granted a UK trading licence by the FCA, paving the way for new trading products and features for UK customers.
Since 2019, Revolut has operated its Trading feature as an Appointed Representative with a Principal in the UK. This partnership allowed Revolut to offer an investment service through its app, where retail customers could buy and sell shares listed in the US.
Now with its own stand-alone licence, Revolut Trading Ltd is an authorised investment firm. This will allow for significant improvements in user experience for its 650,000+ existing UK trading customers, paving the way for new trading products and features. Of note, in 2025 Revolut is looking at introducing UK and EU stocks and ETFs, as well as refreshing the app and launching new products and features, as it commits to helping customers of all wealth levels feel confident in making good investment decisions and understand the associated risks.
Yana Shkrebenkova, Head of Wealth and Trading UK at Revolut, commented: “Today’s announcement is a significant milestone for Revolut Trading. Having launched our successful investment product five years ago, we strive to bring best in class investment products to our customers in the UK. We know that there is so much more our Revolut Trading customers want from our platform and we are working hard to deliver on this, rolling out new features safely and considerately. Revolut exists to help people get more out of their money, and today’s announcement is another step in our journey of delivering that.”
Nothing currently changes for customers who invest with Revolut and UK customers can continue to use the app’s trading features as they always have. Any further changes will be communicated with customers promptly.
Revolut was recently granted a UK banking licence with restrictions by the Prudential Regulation Authority (PRA).
About Revolut
Revolut is one the UK’s leading fintechs, helping people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 40 million customers around the world use dozens of Revolut’s innovative products to make more than half a billion transactions a month.
Across our personal and business accounts, we give customers more control over their finances and connect people seamlessly across the world.
Revolut Trading Ltd provides a non-advised reception and transmission of orders service in shares. Revolut Trading Ltd does not provide investment advice or personal recommendations. Customers, as individual investors, must make their own decisions, seeking professional independent advice if they are unsure as to the suitability and/or appropriateness of any investment for your individual circumstances or needs. The value of investments can go up as well as down and you may receive less than your original investment or lose the value of your entire initial investment.
