Following on from the previous tweet
google ā City of London Police launch fraud investigation into Revolutā to bypass the paywall
https://www.ft.com/content/bd58f570-3e87-11e9-b896-fe36ec32aece
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Revolut Is Testing the Limits of Finance
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Thereās some pretty eye opening quotes in that story!
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āIt has always been like, āwe have to be compliant.ā But how compliant? Itās another thing, right?ā
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I imagine using this line with my wife:
āIt has always been like, āwe have to be faithful.ā But how faithful? Itās another thing, right?ā
We need a new t-shirt slogan:
āWhat would Revolut do?ā
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My only regret is that I can only give this one like 
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Geez, it all feels like this is the Revolut hate groupā¦Iāve been using them for years, and love what they do. I travelled a lot and needed to shift savings between countries. My premium account at a well established city bank charges 2-3% margin on FX. It was a blessing to find someone bring a challenge to this. I also love Freetrade too. I and am enjoying investing through the app. Itās the established banks that have been putting borders of high cost around investing or cheap foreign currency that are the ones you should be all bashingā¦
As for all the bad pressā¦it happens when you grow and people donāt like that. You make mistakes. You learn. You change and build on this. Freetrade will no doubt likely face some growing pains and challenges from various press in times to come as it moves in to the millions of customers and has to leverage technology further. Journalist are good and getting people on a wagonā¦
There is plenty of room for these two great, young new businesses to grow successfully and eat away at the old school banking an investment world.
(my two pence worth)
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Iām just jealous that I couldnāt invest in them, I only got to know about them through this community.
I do use them for very limited FX transactions.
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Watched Andreās presentation at the RevRally. Apparently soon after joining them he decided it needed a complete redesign and thatās why itās taken so long. Spot the irony in that
They havenāt done a real money test yet but thatās happening this week
US stocks are first up, not derivatives. ETFs and other shares added later. As well as fractional shares at some stage
Commission free using the interbank rate, instant trades, real time data.
Standard account holders get 3 trades per month
Premium get 8
Metal get unlimited
Discover tab is very similar to Freetrade
And this plant looks very sad
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I think the plant says it all!
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There was much applause from both of the audience
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No idea but it sounded like 2
I donāt think itās good theyāre launching without ETFs. A lot of the people will be new to investing and the big, sexy US names like Apple and Tesla will be a temptation, but without ETFs to build a more balanced portfolio it seems a bit irresponsible
Any mention of ISAs?
Not that I saw
1hr 18 in if you want to give it a watch
Limiting trades per month already put me off.
Will check out their prez incase Iām pre-judging lol
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I think itās a way to drive people to sign up to metal
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Interesting! Adding derivatives first thing sounds very much like theyāre going down the short term trading route (as Adam was expecting). Theyāll be limiting free shares to encourage people sign up for metal/premium, which makes sense for the kind of traders that are using derivatives.
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Apparently soon after joining them he decided it needed a complete redesign and thatās why itās taken so long. Spot the irony in that
Brilliant
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Where did it say derivatives? on the slide it said Real US stocks.
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