British fintech company Revolut has added a stock trading feature to its offering in Singapore, allowing users to buy and sell US-listed fractional shares through its app from as low as US$1 ($1.33).
To mark the launch, Revolut Singapore is waiving all commission, custody and settlement fees until March for all its customers.
The stock trading feature includes real-time market data, stock research and stock charts as well as price alerts, market graphs and global market news within the app.
Revolut Singapore head of wealth and trading Deepak Khanna says the platform made the strategic decision to launch the US market access first so that inventors can take advantage of its large market size, high liquidity, diverse investment options and the ability to invest in fractional shares.
“The Singapore market is also attractive to us due to its solid corporate profiles, consistent dividend history, and real estate sector prospects. We plan to expand to include Singapore exchanges and other Asian bourses in the future, as well as adding more investment products to our range,” he adds.