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 on Revolut by purchasing ETFs like SPDR’s SPY or Vanguard’s VOO, which track the index and provide exposure to major U.S. companies.

However, Revolut’s fees are worth noting. With a 0.25% commission per trade and a spread that can exceed 1.5%, it tends to be pricier than many other investment platforms in Europe.

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How to Buy S&P 500 with Revolut

To buy the S&P 500 using Revolut, you can transfer funds to a cost-effective ETF investing platform like eToro. Trusted by over 30 million users in Europe, eToro specializes in stocks and ETFs, making it an affordable option for accessing top S&P 500 funds like SPY and VOO. It supports instant EUR, GBP, USD, and other deposits from Revolut accounts.

Here’s how to make it happen:

1. Create an Account on eToro: Sign up on eToro’s website and complete the quick ID verification.
2. Deposit Funds: Hit the “Deposit Funds” button to load money into your account.
3. Choose Currency and Payment Method: Select your currency (GBP or EUR, for instance) and deposit directly from Revolut.
4. Invest in S&P 500 ETFs: Once your deposit clears, use your balance to buy S&P 500 ETFs like SPY or VOO.

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Revolut S&P 500 Investing Fees

Revolut’s fees for stock trading, including access to S&P 500 ETFs, depend on your subscription plan:

• Standard: 1 commission-free trade per month
• Plus: 3 commission-free trades per month
• Premium: 5 commission-free trades per month
• Metal: 10 commission-free trades per month
• Ultra: 10 commission-free trades at a reduced rate

For trades beyond the monthly limit, Standard through Metal users pay a 0.25% fee per trade (minimum £1), while Ultra users pay 0.12%. Additionally, Revolut applies a 1.5% spread on each trade, meaning total fees can exceed 1.6% for trades above the free allowance.

In comparison, eToro charges no direct trading fees and offers an average spread around 1% across assets like the S&P 500. This makes eToro a more economical option for fee-conscious investors.

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

Revolut offers a convenient way to invest in the S&P 500 and stocks/ETFs, especially for users already familiar with its banking services. However, its fees are very high. Premium and Metal plan holders pay a 1.49% fee, while Standard and Plus plans come with a 3% fee, higher than many alternatives.

Other platforms often provide lower or zero fees along with better spreads. When choosing where to invest, consider each platform’s fees, regulatory compliance, user experience, and product options in relation to your goals. 

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About Revolut

Revolut, launched in 2015, has rapidly transformed into a major hub for online banking and stock trading, enabling users to dive into over 3,000 U.S. stocks and ETFs with fractional investments starting at just $1. 

Serving a global base of 45 million, Revolut’s platform combines commission-free trades up to a monthly limit with real-time data, instant price alerts, and seamless dividend payments, all within a full-featured financial ecosystem.

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Bottom Line

In summary, Revolut provides easy access to S&P 500 ETFs, though its higher fees may make frequent trades costly. For more fee-conscious investors, platforms like eToro offer a cost-effective alternative with low or no trading fees. 

Comparing fees and features can help you find the best fit for your S&P 500 investments.