Revolut has launched a commission-free stock exchange service

A trader works ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on March 18, 2019 in New York City. - Wall Street stocks finished higher, with gains from petroleum companies and banks more than offsetting another drop in Boeing shares. (Photo by Johannes EISELE / AFP)

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Revolut, a London-based fintech firm, launched a commission-free stock exchange service in Europe on Thursday, enabling its clients to invest in three hundred equities listed on the New York Stock Exchange (NYSE) and Nasdaq, the second-largest US stock exchange. In a communication to MTI.

Revolut is gradually introducing the service, first making it available to Metal cardholders, and then making it available to all its customers in the coming weeks.
Revolut Metal customers can make 100 free transactions a month, Premium customers eight and Standard customers three. Revolut charges you £ 1 per transaction for over-the-counter trades and an annual deposit fee of 0.01%.
Transactions are supported by Revolut with real-time price updates and market performance data. The list of available companies will expand, and Revolut plans to continue to make additional shares available.
For investment, Revolut does not set any account limits and offers its customers the opportunity to buy fractions of shares for as little as $ 1.
Revolut is continuously improving its investment services with planned features such as access to UK and European equities. The plan is to upgrade the investment service globally so that Revolut users outside the European Economic Area can benefit from it in the future.
Revolut was launched in July 2015 by two former investment banks Credit Suisse and Deutsche Bank, Nik Storonsky and Vlad Yatsenko, as a digital alternative to big banks. It already has more than six million customers, including tens of thousands of Hungarians. As of May, you can top up your accounts with Revolut in HUF.
Initially, the company attracted customers by being able to transfer and spend money with Revolut at interbank rates. Since then, it has provided services such as spending reviews, budget control, savings, or even changing cryptocurrencies.

Record market capitalization of the 100 largest companies in the world The market capitalization of hundreds of the world’s leading listed companies rose to a record $ 21,000 billion, according to PwC’s Global Top 100 Survey.     In the one-year period from April last year, the market capitalization of one hundred leading companies increased by 5 per cent, slowing down from the 10 per cent growth one year earlier.     Technology and online commerce companies continue to dominate the narrow list, with seven companies in the top ten: US, Microsoft, Apple, Amazon, Alphabet and Facebook, plus two Chinese, Alibaba and Tencent .     For the fifth year in a row, 54 percent of the 100 largest companies in the US have increased their market capitalization by over 9 percent in one year.     China ranks second in the Global Top 100 despite Asian companies’ market capitalization declining by 4 percent over the past 12 months.     One year ago, Chinese companies increased their market capitalization by 57 percent. Then three new Chinese companies were placed in the Top 100 and two in the Top 10.     According to the latest PwC list, European companies’ market capitalization fell by 5 percent in one year and three companies fell out of the 100 list.      Microsoft tops the latest hundred list, after being third last year, and its market capitalization increased by $ 202 billion to $ 905 billion in one year.     Last year, Apple topped second place, with $ 45 billion in market capitalization and $ 896 billion in market capitalization.     In the top ten, four other companies are American, Amazon, Alphabet, Berkshire Hathaway and Facebook.     Chinese companies rank seventh and eighth in the list: Alibaba retained its seventh position, while Tencent slipped from last year’s fifth to eighth.     The top two places in the top ten are American companies again: ninth is Johnson & Johnson and tenth is Exxon Mobil.

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