Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Trading

Posted By Uma Rajagopal

Posted on November 19, 2024

Revolut gets UK trading license, set to offer UK & EU stock trading

(Reuters) – Fintech Revolut said on Monday it has got a UK trading license from the British financial regulator that will allow the company to offer trading of UK and EU-listed stocks and exchange-traded funds from 2025.

The company, which recently secured a $45 billion valuation making it one of Europe’s most valuable fintechs, will now compete with companies such as Trading 212, Freetrade, Hargreaves Lansdown and AJ Bell in the UK trading market.

Revolut, which currently has more than 650,000 UK trading customers, earlier operated as a partnership where it offered an investment service through its app and retail customers could buy and sell shares listed in the United States.

The company received a UK banking licence in July with some restrictions, ending a three-year wait for the authorisation and removing regulatory uncertainty that had held back its ambitions in Britain.

London-based Revolut is one of a handful of financial services apps to emerge in Britain over the last decade, offering services without physical branches.

(Reporting by Yamini Kalia in Bengaluru; Editing by Shounak Dasgupta)

Recommended for you

  • Dollar set for big annual gain as traders brace for high US rates

  • Oil heads for weekly gain on China stimulus hopes

  • US stocks tread water in thin trade, benchmark US yield backs off new high