Revolut Trading has secured a UK trading licence from the Financial Conduct Authority (FCA), marking a significant step forward in its mission to provide advanced investment services.
The licence enables the company to expand its trading capabilities, offering new products and features, including UK-listed stocks, to its growing customer base.
Since 2019, Revolut’s Trading feature has operated in the UK as an Appointed Representative through a partnership with a Principal firm. This arrangement allowed retail customers to trade US-listed shares via the Revolut app. With the new stand-alone licence, Revolut Trading Ltd becomes an authorised investment firm, poised to deliver a better user experience for over 650,000 existing UK trading customers.
The company has ambitious plans for its trading platform. By 2025, Revolut aims to introduce trading in UK and EU stocks and ETFs. It is also working on refreshing its app and launching additional features to enhance customer confidence in investing while fostering a deeper understanding of associated risks.
Yana Shkrebenkova, head of wealth and trading UK at Revolut, said, “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.”
This development follows Revolut’s recent approval for a UK banking licence with restrictions from the Prudential Regulation Authority (PRA), further solidifying its position as one of the UK’s leading FinTechs.
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