How to Buy S&P 500 with Revolut

Can I Buy the S&P 500 with Revolut?

Yes, you can invest in the S&P 500 through Revolut by purchasing exchange-traded funds (ETFs) that track this index. ETFs like the SPDR S&P 500 provide exposure to a diverse portfolio of leading U.S. companies included in the S&P 500.

However, be aware of the associated costs. Revolut charges a 0.25% commission on transactions. Additionally, the spread, or the difference between buying and selling prices, can exceed 1.5%. These expenses make investing in the S&P 500 via Revolut more costly compared to other platforms.

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How to Buy S&P 500 with Revolut

To buy S&P 500 shares using Revolut, you need to transfer fiat currency to a reputable exchange. In the UK and EU, eToro is a popular choice due to its seamless deposit process from Revolut, regulatory compliance, and extensive selection of over 4,500 tradable assets, including the S&P 500.

Here's a step-by-step guide:

1. Register on eToro: Visit eToro's website, sign up for an account, and complete the identity verification process.
2. Deposit Funds: Locate the 'Deposit Funds' button, typically at the lower left of the screen.
3. Select Currency and Payment Method: Choose your preferred currency (e.g., GBP or EUR) and payment method (such as Bank Transfer). Complete the transfer from your Revolut account.
4. Invest in the S&P 500: After your deposit is confirmed, use your available balance to invest in the S&P 500.

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What are the Fees?

Revolut's fee structure for investing in the S&P 500 is higher than many other platforms. Fees vary depending on your product plan, with monthly costs up to 11 Euros. Premium and Metal plan users face a 1.49% fee, while Standard and Plus users encounter a 3% fee.

In comparison, eToro offers a more cost-effective solution. eToro does not charge trading fees and utilizes a variable spread, which averages around 1% across various assets, including the S&P 500. This makes eToro a more economical choice for investors seeking lower fees.

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Is Revolut Good for Investing in the S&P 500?

Revolut provides a convenient option for investing in the S&P 500, especially for existing users of its banking services.However, its fees are relatively high. Premium and Metal plans incur a 1.49% fee, while Standard and Plus plans face a 3% fee, higher than many competitors.

Other platforms often have lower or no trading fees and better spreads. When choosing an investment platform, consider fees, user experience, product range, and your investment goals. Research costs, regulatory compliance, and investment options thoroughly to make an informed choice.

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Bottom Line

Investing in the S&P 500 via Revolut is convenient for users of its banking services, offering exposure through ETFs. However, Revolut's higher fees can make it less competitive compared to other platforms like eToro, which offers lower costs and a broader range of assets.

When deciding on an investment platform, consider fees, regulatory compliance, user experience, and your specific investment goals to ensure the best choice for your financial strategy.