Revolut expands investment offering with bonds trading
Revolut has added bonds to its investment offering in Ireland. Its investment services in the EEA are provided by Revolut Securities Europe UAB.
Bonds emerge as a good starting point for those individuals who tend to be more risk-averse, normally offering stability and great portfolio diversification. Good credit ratings and protection against inflation further contribute to their appeal for investors seeking stability and potentially reliable returns. Both governments and corporations utilise bonds as a means to raise capital, offering investors the chance to effectively lend money in exchange for periodic interest payments and eventual repayment of the principal amount. Different bond types offer various risk and return profiles, and they should be assessed accordingly. Bonds’ returns might also make them a good hedge in case of a wider economic downturn.
Revolut currently allows trading of close to 40 corporate and government bonds and will expand the list in the upcoming months. The minimum amount to start investing in bonds is USD/€100, with 0.25% fixed fee per trade, though other fees may apply.
The addition marks another step in Revolut’s mission to build an all-in-one investment platform that is multi-asset class, has coverage across EEA markets, and caters to both advanced and beginner users. With access to more than 2,800 US and EU listed companies, and 500 exchange traded funds, users can check the performance of their investments in real time with live watchlists, trading charts, and market news within the Revolut app.
Earlier this year, Revolut removed the custody fees (0.12% of annual market value of the assets held by the user) across all the financial instruments offered in to UK and EEA customers.
Maurice Murphy, general manager at Revolut Bank UAB – Ireland Branch, added: “Bonds trading is just another way in which we are solving all things money for our customers in Ireland and we expect this to be a very useful addition for those wishing to grow their wealth.”
Revolut boats 40 million users worldwide, 2.8 million of which are in Ireland.
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