UK FinTech darling Revolut has been granted a UK trading licence by the Financial Conduct Authority, paving the way for new trading products and features for UK customers.
The app has over 10 million UK customers and over 45m globally.
Since 2019, Revolut has operated its trading feature as an appointed representative with a principal in the UK. This partnership allowed Revolut to offer an investment service through its app, where retail customers could buy and sell shares listed in the US.
Now with its own standalone licence, Revolut Trading Ltd is an authorised investment firm. It says this will allow for significant improvements in user experience for its 650,000+ existing UK trading customers, paving the way for new trading products and features.
Of note, in 2025 Revolut is looking at introducing UK and EU stocks and ETFs, as well as refreshing the app and launching new products and features, as it commits to helping customers of all wealth levels feel confident in making good investment decisions and understand the associated risks.
Yana Shkrebenkova, head of wealth and trading UK at Revolut, commented: “Today’s announcement is a significant milestone for Revolut Trading. Having launched our successful investment product five years ago, we strive to bring best in class investment products to our customers in the UK.
“We know that there is so much more our Revolut Trading customers want from our platform and we are working hard to deliver on this, rolling out new features safely and considerately.
“Revolut exists to help people get more out of their money, and today’s announcement is another step in our journey of delivering that.”
Nothing currently changes for customers who invest with Revolut and UK customers can continue to use the app’s trading features as they always have. Any further changes will be communicated with customers promptly.
Revolut was recently granted a UK banking licence with restrictions by the Prudential Regulation Authority (PRA).