Revolut Review 2024
rating-star
4.3/5

Revolut Review 2024

✔ Commission-free stock trading
✔ Virtual bank account
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Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

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Adam is head of content on TradingGuide.co.uk. He has many years of experience in the financial sector and honestly admits that he is in love with his job.

Article was updated: October 18, 2024
Estimated reading time: 3 minutes

Revolut is the best solution for trading without hidden fees. There is no minimum deposit level and it is commission-free for stock investments.

Pros
  • Wide range of banking and money transfer services;
  • Advanced mobile app
  • Competitive exchange rates
  • Open an account is very easy
Cons
  • No ISA or pension options available
  • You can only buy shares in US companies.

Revolut’s trading platform is an extension of its banking app. This means you need to have a Revolut bank account open, in order to start trading with Revolut. 

It takes just a few minutes to open a Revolut account and start trading. After registering a brokerage account, you get access to more than 800 US stocks, gold, silver, and some other currencies.

We’ve spent many hours studying the Revolut mobile app and trading platform in detail, to share the results of our work with you below.

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Revolut – Who Are They?

Revolut is a British financial technology company headquartered in London, England, that offers banking services. It was launched in 2015 by Nikolay Storonsky and Vlad Yatsenko, with a goal to simplify banking experiences through long-term fixed-fee accounts and debit cards.

revolut who are they

Currently, Revolut serves around 20,000 businesses, and they are signing up around 2,500 more every week. Besides its multi-currency accounts, they also ensure fast international money transfers to other businesses, corporate cards, integration with accounting software and platforms, instant settlements, and expense reports.

Today, Revolut has over 12 million customers, and they estimate that they have saved customers over £740 million in fees.

Compare Revolut Features With Other Brokers

Compare with other broker
General Rating
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
Licence
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
revolut logo
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.3rating-star
No
Bank transfer, Credit cards
Free
Free
Yes
No
Yes
Revolut App
FCA
No
Yes, up to EUR 100,000 (£85,816)
Yes
Yes
Yes
No
etoro logo
Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
4.1rating-star
$100
Debit card, Bank transfer, Neteller, Skrill, eToro Money, Online Banking
Yes (as CFD)
150 PIPs
1%
Free
0.0003 USD + (-0.000113) USD
eToro investing platform, Multi-asset platform, Copy Trader
ASIC, CySEC, FCA, FSAS
Yes
Yes (up to $250,000)
3000
52
27
300
Plus500 logo
Visit site
Risk Warning
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.2rating-star
$100
Bank Wire Transfer, Credit/debit cards, Paypal, Skrill
1.01
0.00018
Not available for UK traders
Free (Additional fees may apply)
0.35
Plus500 Webtrader
FCA, CySEC, ASIC, MAS, FSA
Yes
Yes, up to £85,000
2000+ (CFDs)
60+ (CFDs)
22 (CFDs)
90+ (CFDs)
avatrade logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.5rating-star
$100 (£72)
Credit/debit cards, Wire transfer, Paypal, Skrill, NETELLER, WebMoney
Free
Free
Free
Free
Free
MT4, MT5, WebTrader, Automated Trading, Mac Trading, AvaTradeGO, AvaOptions, Mobile Trading, AvaSocial, DupliTrade, Capitalise.ai
CBI, CySEC, ASIC, BVIFSC, FSA, SAFSCA, ADGM, ISA
Yes
Yes, up to $1.000.000
600+
50+
17
Yes

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Revolut Review 2024
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Commissions and Fees

TypeFee
Minimum deposit£0
Withdrawal fee£0
Deposit feeup to $4.95
Inactivity fee£0
Custody fee0.12%
US stock tradingLow
Gold trading0.25% markup during market hours 1% markup during non-market
Crypto trading1.5% markup on bid or ask price

Payment Pricing

Payment MethodCommission
UK consumer cards1% + £0.20
All International and commercial cards2.8% + £0.20
Revolut Pay1% + £0.20
Easy Bank Transfer1% + £0.20

Types of Plan

PlanFee
StandartFree
Plus£2.99/month
Premium£6.99/month
Metal£12.99/month

Our Opinion About Revolut

During our research, our team of experts in the financial sector noted the following factors that play an important role when using Revolut.

One of the most important things is the absence of a minimum deposit level. Benefit-to-use is also justified by a free of charge basic account. But you should be aware that the free option will have limited features.

A user-friendly app will also play an important role. Revolut supports cryptocurrency and some commodity trading. Its ease of use and straightforward design make it one of the favourites.

What’s more, Revolut offers regular bank accounts and cards. This is very convenient for those who want to trade and manage all their finances through one application.

Comparing Revolut card vs Monzo (another popular digital bank), both offer innovative solutions, but Revolut’s additional features and versatility make it a preferred choice for managing finances and trading.

FAQs

Can I trade with Revolut in the UK?

Yes. Revolut UK customers can trade full and fractional shares of more than 1,500 securities listed on the New York Stock Exchange and Nasdaq.

Trading full and fractional shares on the app is commission-free and the service is also available to Revolut customers in the US and some countries in the European Economic Area (EEA). On top of that, the app also allows users to trade gold, silver, and cryptocurrencies.

Is my money safe with Revolut trading?

Yes. Although Revolut is classified as an e-money institution in the UK, it is regulated by the Financial Conduct Authority (FCA) and licensed as a bank by the Bank of Lithuania in the EU. The fact that Revolut is regulated by the FCA means that it has to follow certain rules about safety and fund protection.

For example, it has to keep customers’ money in a segregated account at a registered bank, and that cash is ring-fenced. That way, your funds are safe even if Revolut goes bust. However, it is important to keep in mind that its Lithuanian banking licence does not cover stock trading.

Is Revolut good for beginners?

Yes. Revolut trading can be a great option for those who may not have prior experience with trading and want to gain quick exposure to some of the most popular international stocks, as well as cryptocurrencies and precious metals.

Revolut offers convenience and a user-friendly platform for beginner traders. It is a low-cost broker with zero minimum deposit requirement, and you can start investing with as low as £1.

However, note that Revolut is not primarily designed for trading and lacks some of the most important tools and features traders need to succeed.

Do Revolut stocks pay dividends?

Yes. There are numerous dividend stocks on Revolut that you can buy and generate a passive income via dividend payments. However, always keep a close eye on a company’s stock price because it may decrease in value and significantly hurt your profit from dividend payments.

Adam Jarfjord
Adam Jarfjord

is our leading content maker and head of the content department. For Adam, trading is not only a job but also a passion for more than 5 years. He has many years of experience in the financial sector and honestly admits that he is in love with his job.

Revolut Review 2024 Details

Licences
TradingGuides Rating:
✔ Commission-free stock trading
✔ Virtual bank account
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
2.0 rating-star
Customer Support
5.0 rating-star
Commissions & Fees
4.0 rating-star
Platform & Tools
2.0 rating-star
Research
3.3 Overall Rating

13 Replies to “Revolut Review 2024”

  • Bad Scott says:

    I like this broker. The platform is very easy to use

  • Mila says:

    Great broker! I trade with Revolut, I have not observed problems with conclusions or conducting trading operations. Everything suits me. Thank you for your support.

  • Bill F. says:

    I'm on the lookout for a better rebate scheme. Revolut can be the best option for you. It can precisely compute commissions, and you won't have to worry about rebates going unpaid.

  • Byrne says:

    It's easy to use and saves a fair amount of money on transaction fees. Often traveling in Europe, it is very convenient and profitable to convert currency. I'm glad I discovered Revolut.

  • Hector says:

    Great broker, powerful tool, still customer support is hard to reach, and it takes a long time to solve issues, like my pending ID verification that took weeks.

  • Darren Johnson says:

    When I was on a business trip in northern Cyprus, I used Revolut without any problems. But I am in Poland at the moment, and a couple of places have a slight problem, but I think old tech on their part but still working great here excellent exchange rate when you pay for something. Very handy and easy to use.

  • Vitti Kit says:

    Excellent customer service!
    The support service is fast and efficient.
    We highly recommend opening a Revolut account.

  • Jane says:

    I like everything very much!!! Great app, instant support, no additional fees for transfers. I have been using them for over 2 years and they have never let me down.

  • Michael says:

    I've been using Revolut since the start of 2022 and I find it really useful and easy to use. My transfer experience was great. Arrived fast and correctly.

  • Peter says:

    Great Company and service with an app that's easy to use and understand. I like it so much. They have amazing customer service, which always helps me when I have some problems.

  • Sam says:

    Great for quick transfers, loans are easy to apply and trustworthy. I hope they always will be on the top.

  • Dorian_Dorian says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    Revolut is simply the best finance app in the App Store. It's unmatched in every way. The way they operate is brilliant, and transferring money has never been easier. I'd do free advertising for them because of the incredible convenience it brings to my life. I love the concept and appreciate the top-notch service the card provides. Keep up the excellent work!
  • Marco Conti says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    Revolut is the ideal solution for people like me. It offers an excellent experience with an intuitively understandable app that functions flawlessly in every aspect. You feel that Revolut tailors its features, capabilities, and services to meet your needs. I also appreciated the straightforward application process. In the forex realm, Revolut provides numerous advantages at minimal costs. Useful cards are available, and every transaction is meticulously documented. Conducting necessary transfers has become easy, and the exchange rates are reasonable.

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80% of retail CFD accounts lose money