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How to Buy S&P 500 with Revolut

How to Buy S&P 500 with Revolut

Learn about the pros and cons of using Revolut for S&P 500 investments, with a focus on fees and platform comparisons.

74% of retail CFD accounts lose money.

Summary: Revolut enables S&P 500 investments but is often considered expensive in the UK and Europe due to its 0.25% base commission and over 1.5% spread. While FCA-regulated and secure for S&P 500 investments, the high costs may be a concern for prudent investors.

Alternatively, eToro presents a cost-effective and secure choice. It's also regulated by the FCA and offers a diverse portfolio of over 3,000 assets, including the S&P 500, various stocks, cryptocurrencies, and more, without trading fees and with competitive spreads.

Content Guide
Best Alternative to Revolut for S&P500
5.0 out of 5.0 by Datawallet.
eToro stands as the best platform for investing in the S&P 500 due to its user-friendly interface, low trading fees, competitive spreads, and a wide selection of over 4,500 tradable assets.
Deposit Methods
Bank Transfer, SEPA, Debit Card, Credit Card and more.
Supported Assets
4,500 Stocks, ETFs, Commodities and more.
Licensing and Regulation
Financial Conduct Authority (FCA), CySEC, ASIC, the AMF and more.

74% of retail CFD accounts lose money.

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Can I Buy the S&P 500 with Revolut?

Yes, you can invest in the S&P 500 using Revolut. Revolut offers the option to buy exchange-traded funds (ETFs) that track the performance of the S&P 500. This feature allows users to invest in a diversified portfolio of leading U.S. companies, encapsulated within the S&P 500 index.

However, it's important to note that Revolut charges a commission of 0.25% on transactions. Additionally, there is a spread, which is the difference between the buy and sell price of a stock, that can often exceed 1.5%. This makes investing in the S&P 500 through Revolut a relatively expensive option compared to other stock platforms available in Europe. When choosing a broker, consider these costs as they can impact your investment returns.

How to Buy S&P 500 with Revolut

To purchase S&P 500 or NASDAQ shares through Revolut, transfer fiat currency from your mobile bank to a reputable exchange. In the UK and EU, eToro is a popular choice for this. It's known for easy, low-cost deposits from Revolut, compliance with financial regulations, and offers over 4,500 tradable assets, including the S&P 500.

Here’s a step-by-step guide for the process:

  1. Visit the Platform: Go to eToro's website, sign up, and complete the identity verification process.
  2. Initiate Deposit: Find and click the 'Deposit Funds' option, typically at the screen's bottom left.
  3. Select Currency and Payment: Choose your currency (e.g., GBP or EUR) and payment method (like Bank Transfer). Complete the transfer from your Revolut account.
  4. Invest in S&P 500: Once the deposit is successful, use your funded balance to invest in the S&P 500.
Buy S&P 500 with Revolut

What are the Fees?

Revolut's fee structure for S&P 500 investments is notably higher compared to many platforms. The fees vary depending on your chosen "product plan", with monthly subscriptions reaching up to 11 Euros. Regardless of whether you're on the Premium or Metal plans, a significant 1.49% fee applies. Standard and Plus plan users incur a 3% fee.

Conversely, a regulated platform like eToro offers more cost-effective options. eToro does not charge trading fees and operates with a variable spread, which on average is about 1% for its wide range of tradable assets, including the S&P 500.

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

Revolut provides a convenient option for investing in the S&P 500, especially for current users of its banking services. However, its relatively high fee structure is a crucial factor to consider. Premium or Metal plan users incur a 1.49% fee, while Standard and Plus users face a 3% fee, higher than many competitors.

Other platforms often have lower or no trading fees and more competitive spreads. When choosing an investment platform, balance the fees, user experience, financial products, and your investment objectives. It's essential to research thoroughly, focusing on costs, regulatory compliance, and investment choices before deciding.

Revolut S&P 500

Bottom Line

In summary, while Revolut offers a secure and FCA-regulated pathway to invest in the S&P 500, its higher fee structure, including a 0.25% commission and a spread often exceeding 1.5%, may be a significant consideration for cost-conscious investors. In comparison, eToro emerges as a more economical alternative, providing a broad range of over 4,500 assets, including the S&P 500, without trading fees and with more competitive spreads. 

Ultimately, the choice of platform should align with your financial goals, preference for user experience, and investment strategy, keeping in mind the importance of cost efficiency and regulatory compliance.

Frequently Asked Questions

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A Guide to Commonly Asked FAQs.

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