I have started testing this. I love the fractional share purchase option! I bought 0.2 shares of Apple
I wish I could also buy a fractional share of Berkshire Hathaway A stock ($100k+ per share). But unfortunately they don’t offer it. Only B stock, which is cheap anyway.
I am measuring the trading feature against an account I have with a professional US broker. That account comes with very (extremely) feature-rich apps, but it costs me money in monthly maintenance.
Revolut is cheaper. The functionality in the app is very basic, however. I’m a buy and hold type of investor mostly, and also sporadic. So I don’t need a huge amount of features. But I’d like to know how my investment is doing, which seems impossible at the moment.
I’d like to know what is the criteria for the stocks that are offered to us (I mentioned a missing one above). I’d also like to know whether there are any plans for additional features, like trading ETFs. Short selling would be supercool, but I guess it’s for the more sophisticated users.
Also, I’d like to know whether we are afforded some protections as to offering us good prices. Only market orders are possible at the moment, which is something I could live with, but given that Revolut forwards my order to DriveWealth which then sells it to a high frequency firm, and it never even goes to the exchange… I am not clear whether the price I am getting is the best available price.