Revolut Invest App Launches CFDs in Czech, Denmark, Greece

Revolut, Europe's top fintech startup, has launched Revolut Invest, a new wealth management platform. The standalone app includes contracts for differences (CFDs) trading as well as access to nearly 5,000 more assets, including US and European equities, exchange-traded funds (ETFs), commodities, and bonds. This move boosts Revolut's position in the wealth management industry, establishing it as a major participant in the European market.

Revolut Invest App Expands in 3 EU Countries

The Revolut Invest app is now being tested in three European Union countries: the Czech Republic, Denmark, and Greece. These markets will be the first to use Revolut's new CFDs trading platform, which is run by the fintech's Lithuanian-regulated subsidiary, Revolut Securities Europe UAB.

CFDs enable traders to speculate on asset price changes without owning the underlying asset and are marketed to more active investors. Revolut's debut in the CFD area is consistent with its objective of providing a wider variety of wealth management products.

While the app is still in the testing phase in these three countries, Revolut intends to extend the platform to additional European Economic Area (EEA) countries by the end of the year. This more significant growth will provide regular European investors and active traders with more investment possibilities.

A Crucial Partnership in Fintech CFDs Launch

Revolut teamed with CMC Connect earlier this year to help it enter the CFD industry. Though information on this agreement is sparse, it is known that a third-party broker would handle transaction execution. Revolut has now teamed with Global Trading Network (GTN) to provide bonds to its European consumers, increasing the app's appeal to a wider variety of investors.

Competitive Wealth Management in the European Union

Revolut's entry into wealth management via the Revolut Invest app puts it in direct rivalry with established platforms such as Robinhood, eToro, Trading 212, and Freetrade. With a $45 billion valuation, Revolut's development trajectory continues as it expands its already comprehensive financial ecosystem to include investing offerings.

Revolut's fees are attractively priced to appeal to both regular investors and active CFD traders. The fintech will impose a fixed fee of 0.25% or €1 for each equities or bond transaction. However, CFD trading costs will vary depending on the underlying asset, giving frequent traders flexibility.

Future of Revolut Invest

As Revolut continues to test in the Czech Republic, Denmark, and Greece, the fintech behemoth hopes to fine-tune its service ahead of a more extensive EEA deployment. With ambitions to launch additional investing products and expand into other regions, Revolut Invest is positioned to become Europe's premier wealth management platform.

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