Review Revolut
Revolut, a UK-based fintech founded in 2015, offers mobile-only banking and low-cost stock trading, focusing on US shares and cryptocurrencies. It’s regulated by SEC and FINRA, but following a recent shift, EEA users are under Revolut Securities Europe UAB with different protection limits. The platform is user-friendly, ideal for beginners, but lacks diverse assets and robust educational resources. Recently, Revolut faced issues like report submission delays and fraud complaints, advising caution for users.
Recommended to:
Revolut’s trading platform is best suited for beginner investors and mobile-first users seeking low-cost, simple trading in US shares and cryptocurrencies.
Pros
- Low fees for Stock trading
- Simple set up process
- Outstanding mobile trading platform
Cons
- Range of offering is limited
- Research tools are basic
- Weak customer support
Review’s Keypoints
Country of regulation
UK, Lithuania, USA, Singapore
Minimum deposit
$0
Time to open an account
1 day
Trading fees class
Low
Deposit with bank card
Yes
Number of base currencies supported
37
Products offered
Stocks
ETFs
CFD
Crypto
Depositing with electronic wallet
Yes
Demo account provided
Not available
Fees
Revolut offers low fees for stock trading, but it charges a custody fee, and its trading fees outside a monthly allowance can be relatively high. Below are the most relevant fees for each asset class.
Pros
- Low fees for Stock trading
- Inactivity fees are low
Cons
- High rates for crypto trading
Revolut Costs
![](https://brokersanalyst.com/wp-content/uploads/2023/12/image-54.png)
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![](https://brokersanalyst.com/wp-content/uploads/2023/12/image-54.png)
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- *** 1000 in EUR or USD for the Stocks transaction
- *** Price per contract for Options & Futures
Account
Opening a Revolut account is quick and easy, with no need for a minimum balance. It takes less than five minutes after you’ve registered for a bank account. The best part is, it’s free to sign up, and there’s no minimum deposit requirement. However, it’s important to know that they don’t offer a demo account.
Standard
Standard
All provided account types offer commission-free trading with the difference between them being the amount of monthly free stock trades they provide.
Premium
Premium
All provided account types offer commission-free trading with the difference between them being the amount of monthly free stock trades they provide.
Metal Account
Metal Account
All provided account types offer commission-free trading with the difference between them being the amount of monthly free stock trades they provide.
Click on the card to see details
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01Download the App and create account
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02Access dashboard and trade
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03Add personal details
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04Answer financial questions
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05Accept user agreements
![](https://brokersanalyst.com/wp-content/uploads/2023/12/Frame-1000004617.png)
Transfers
Revolut allows multiple base currencies, but trading is limited to USD. Converting funds to USD before trading is required, which could be more convenient if done automatically. Deposits are instant with cards but can take days via bank transfer. Internal transfers are instant, but withdrawals to standard bank accounts require bank transfers.
Pros
- No minimum deposit
- Several funding options
Cons
- Trading limited to a single base currency
Trading Platforms
Web Trading Platform
Mobile Trading Platform
Revolut's mobile trading platform is user-friendly, with quick login options like a four-digit passcode or TouchID. It also features a price alert function and available in several languages.
Desktop Trading Platform
Offering
Tools
Revolut gives its users real-time updates on market prices, but it's quite basic in offering deeper research tools. For example, fundamental data analysis is limited, and the platform does not provide trading ideas at all
Charting
Revolut's charting capabilities are quite basic. The platform lacks advanced features like technical indicators and tools for editing trendlines. Users are limited to simple charts that show basic information, including recent changes in stock prices over short periods like the past week
News Feed
Revolut's trading platform includes a news feed accessible from the main trading page and for individual products. When viewing a specific product, the news is tailored to show only information relevant to that product. This news comes from external sources like Zolmax, CNBC, Investing, and Yahoo
Watchlists
Under the Favorites tab (star symbol in the top right corner) you can create Watchlists. They are grouped by asset types – just tap on ‘Add new’.
Regulation
Revolut, a relatively new player in the financial sector established in 2015, operates under strict supervision by top-tier US and UK regulators and possesses a banking license, ensuring robust regulatory compliance. While it doesn’t list its financials publicly, its partnerships for trading services, like with DriveWealth LLC, underline its commitment to offering secure trading experiences. The company adheres to regulations set by the SEC and FINRA in the US, providing a layer of security for its clients. In Europe, its banking license from Lithuania signifies stringent regulatory oversight, further bolstering its credibility as a safe and regulated financial service provider.
![](https://brokersanalyst.com/wp-content/uploads/2022/11/regulated-by-finra.png)
Bottom Line
![](https://brokersanalyst.com/wp-content/uploads/2022/11/Revolut-bottom-line-rectangular-1.png)
Revolut offers free US stock trading with an easy, quick online account setup and a user-friendly mobile platform. However, it’s limited to mainly US stocks and some cryptos, lacks extensive research tools and educational materials, and could improve its customer service.
Recent challenges, like report delays and fraud complaints, call for cautious use. Ideal for those focused on fee-free US stock trading and seeking a simple mobile trading experience