UK challenger bank Revolut and US broker DriveWealth are to launch a commission-free stock trading platform, claiming it will be the first to offer fractional US shares in Europe. The new platform is being launched at an event on Tuesday organised by the European Securities Exchange (ESM), which has been working with the banks for several months to develop it. The new feature is currently only available to users with Revolut's metal card — who pay about £13 ($16) The move comes ahead of Revolut's planned expansion in the US.
UK challenger bank Revolut and US broker DriveWealth are to launch a commission-free stock trading platform, claiming it will be the first to offer fractional US shares in Europe. The new platform is being launched at an event on Tuesday organised by the European Securities Exchange (ESM), which has been working with the banks for several months to develop it. The move comes ahead of Revolut's planned expansion in the US.