How to Buy NASDAQ with Revolut

Can I Buy NASDAQ with Revolut?

Yes, you can invest in NASDAQ ETFs through Revolut, such as Invesco QQQ, which tracks the NASDAQ-100 Index of top technology and growth companies. Revolut offers easy access to these ETFs, but charges a 0.25% commission on transactions, and the spread can exceed 1.5%.

These fees make investing in NASDAQ stocks via Revolut more expensive than other European stock platforms, so it's crucial to consider these costs as they impact your overall investment returns.

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How to Buy NASDAQ with Revolut

To buy NASDAQ shares using Revolut, transfer your fiat currency to a regulated broker in your jurisdiction. In the UK and EU, eToro is a favored platform due to its straightforward deposit process from Revolut, regulatory compliance, and extensive selection of over 4,500 tradable assets, including NASDAQ ETFs.

Here's a step-by-step guide to get started:

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 NASDAQ: After your deposit is confirmed, use your available balance to invest in NASDAQ shares and ETFs like QQQ.

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What are the Fees?

Investing in NASDAQ through Revolut incurs higher fees compared to other platforms. The fee structure varies based on the subscription plan:

• Premium and Metal Plans: 1.49% transaction fee
• Standard and Plus Plans: 3% transaction fee
• Monthly Subscription: Up to 11 Euros

In contrast, eToro offers more cost-effective options for NASDAQ investments. eToro does not charge trading fees and operates with a variable spread, averaging around 1%. This includes access to popular NASDAQ ETFs like QQQ. Therefore, evaluating these fees is crucial for optimizing your investment returns in the market.

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Is Revolut a Good Broker for Investing in NASDAQ?

Revolut offers a convenient way to invest in NASDAQ, especially for current users. However, its fee structure is worth noting. Premium and Metal plan members are charged a 1.49% transaction fee for NASDAQ stocks or ETFs like QQQ, while Standard and Plus plan users face a higher fee of 3%.

Other platforms often provide lower or zero trading fees and more favorable spreads. When selecting a platform for NASDAQ investments, consider fees, user experience, the range of financial products, and your investment goals.

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Bottom Line

In conclusion, while Revolut provides easy access to NASDAQ ETFs like Invesco QQQ, its higher fees can impact investment returns compared to other platforms. Alternatives like eToro offer more cost-effective options with lower or no trading fees. When choosing a platform for NASDAQ investments, carefully consider fees, user experience, and regulatory compliance to optimize your investment strategy.