Revolut Logo
Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • beginners
Trusted broker
Regulated by top-tier financial authorities
Popularity
2,886 people chose this broker in the last 6 months
BrokerChooser Score
4.4/5

Revolut review summary

Revolut is a UK-based fintech startup that offers commission-free stock trading. Revolut offers free stock trading (though conditions apply) without inactivity fees. Account opening is seamless, fully digital, and really fast. In addition, the mobile app is well designed and user-friendly. It is a good choice for beginner investors. On the downside, only US shares and cryptocurrencies are available for trading and pupular asset classes like mutual funds, options or bonds are missing. Research and educational tools are very basic or missing altogether, and you can get answers only to some basic questions through customer support. BrokerChooser gave Revolut a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Revolut is available in United States

Revolut pros and cons

Pros Cons
Free stock trading Limited product portfolio
Fast and easy account opening Basic research and missing educational tools
Great mobile trading platform Poor customer service

Revolut main highlights

🗺️ Country of regulation UK, DriveWealth (Revolut's execution partner) is regulated in the US
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, Crypto
To read much more details about the broker's services and features, expand on the sections below.

Revolut review
Fees

3.7
Revolut provides a certain number of free stock trades, depending on your plan. On the other hand, it charges a custody fee and outside the monthly allowance the trading fees are quite high.
Read more...

Revolut review
Account opening

5.0
Revolut has an easy, fast, and fully digital account opening, requiring no minimum account balance.
Read more...

Revolut review
Deposit and withdrawal

3.5
Revolut offers several deposit options, and both deposits and withdrawals are free even when using wire transfers. On the negative side, you can only use a USD-based account for trading and we experienced issues with canceled orders.
Read more...

Revolut review
Web trading platform

Revolut does not offer a web trading platform, it's available only on mobile. This is a drawback, as web-based applications are convenient and accessible from all devices.
Read more...

Revolut review
Mobile trading platform

4.4
Revolut offers a well-designed and user-friendly mobile trading platform, equipped with Touch/Face ID login and good search functions. On the other hand, there is no two-step login.
Read more...

Revolut review
Desktop trading platform

Revolut does not offer a desktop trading platform.
Read more...

Revolut review
Markets and products

2.2
Revolut has a limited product portfolio, as you can only trade certain US stocks, cryptos, gold and silver. It doesn't offer popular asset classes like mutual funds, bonds or options.
Read more...

Revolut review
Research

2.8
Revolut offers live market data, but other research tools are either very basic or missing altogether.
Read more...

Revolut review
Customer service

1.1
Revolut has a great chatbot and a useful FAQ section, but phone support offers only pre-recorded answers, while live chat is slow and responses aren't always satisfactory.
Read more...

Revolut review
Education

1.0
There are no education materials or a demo account at Revolut.
Read more...

Revolut review
Safety

Revolut is overseen by top-tier US and UK regulators, and it also has a banking license. However, it is not listed on a stock exchange and does not disclose its financial information.
Read more...

Revolut review
Bottom line

Read more...

Revolut review
FAQ

Read more...

Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

×