The regulator has granted Revolut Trading Limited a Variation of Permissions, broadening the regulated activities the firm is able to carry out and paving the way for a deeper move into wealth management.

The new permissions cover managing investments and dealing as principal, taking Revolut well beyond standard brokerage.

The expansion opens the door to a wider product suite, including leveraged instruments, managed portfolio solutions and private wealth services aimed at retail investors, professional clients and high-net-worth individuals, all delivered within a single platform. Revolut Trading is redesigning its trading model to offer more competitive pricing alongside the broader range of products.

Victoria Laffey, head of operations at Revolut Trading Limited, said: “These permissions are the missing piece allowing us to unite investment, advisory and portfolio management under one roof, making them even more accessible.”

She added that the company’s mission had always been to remove the friction of fragmented financial services, enabling customers of every type to build and manage wealth with confidence.

The regulatory green light follows the recent launch of Revolut’s UK bank and reinforces the group’s broader ambition to challenge traditional investment providers as well as the wealth arms of the high street lenders.

Revolut has reportedly been hiring across wealth, trading, compliance and risk functions in recent months to support the expansion. The firm also intends to weave artificial intelligence into its investment proposition, with a focus on improving how customers manage their portfolios and make financial decisions in an increasingly competitive market.