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Revolut Review 2024

Written by
Fact checked by
Adam N.
Updated
1w ago
Regulated and trusted. Tested via live trading.
5,077 people chose this broker
Available in United States

Why choose Revolut

Revolut is a UK-based fintech startup that offers low-cost stock trading. Account opening is 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, it doesn't offer popular asset classes like mutual funds, bonds or options.. Research and educational tools are very basic, and customer support only answers some basic questions.

Also, Revolut has had some quite negative news coverage recently. In 2023, they were unable to submit their annual report in time. We also read reports about some fraudsters targeting Revolut customers and complaints that Revolut refused to compensate the victims. You should be careful here while using your account.

Revolut has moved its trading customers who reside in the European Economic Area to a new stock trading entity, called Revolut Securities Europe UAB (RSEUAB). Following the migration, users are not entitled to individual SIPC protection, but only to a $500,000 protection for all RSEUAB accounts combined. Additionally, cash protection for EEA users will change to €22,000, compared to the previous €100,000 protection.

CFDs are banned in the US. If you are a US resident, you will not be able to trade CFDs at Revolut.

  • Low stock fees
  • Fast and easy account opening
  • Great mobile trading platform
  • Pays interest on uninvested cash
Overall score
3.9/5
Minimum deposit
$0
Stock fee
Low
Inactivity fee
no
Account opening
1 day

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to Revolut

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 3.6/5
Revolut provides low fees for stock trading and has low non-trading fees (no inactivity, withdrawal or custody fees). However, outside a monthly allowance its trading fees are actually quite high.
  • Low non-trading fees
  • Low stock fees

We compared Revolut's fees with two similar brokers we selected, eToro and Trading 212. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Revolut alternatives.

Low stock and ETF commission

Revolut US stock fees are higher than the industry average. US stock fees are calculated as follows: 10 free stock trades for Metal and Ultra accounts; 5 and 3 monthly free stock trades for Premium and Plus accounts, respectively. 1 free trade for Standard accounts. Thereafter the commission is 0.25% or minimum country-based fees, whichever is higher.

Broker
US stock
Revolut
$5.4
eToro
$0.0
Trading 212
$0.0
Revolut stock and ETF commission

No inactivity fee, no withdrawal fee

Revolut charges no inactivity, withdrawal or custody fees.

Broker
Inactivity fee
Withdrawal fee
Revolut
$0
eToro
$5
Trading 212
$0
Revolut inactivity, withdrawal and other fees

Other commissions and fees

High spot crypto fees: at Revolut, crypto trading costs 1.99% of trade value or GBP 0.99, whichever is greater.

Broker
Mutual fund
US micro e-mini stock index futures
Revolut
-
-
eToro
-
-
Trading 212
-
-
Misc. fees compared with other brokers

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.
  • Majority of clients belong to a top-tier financial authority
  • Banking background
Read more

Deposit and withdrawal

Score: 4.5/5
Revolut offers several funding options, all of them free of charge. On the negative side, you can only use a USD-based account for trading, and we experienced issues with canceled orders.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Read more

Account opening

Score: 5/5
Revolut has an easy, fast, and fully digital account opening, requiring no minimum account balance.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 4.4/5
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.
  • User-friendly
  • Good search function
  • Touch/Face ID login
Read more

Desktop platform

Revolut does not offer a desktop trading platform.
Read more

Product selection

Score: 2/5
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
“I recommend Revolut for beginners looking for low-cost stock trading and a great mobile-only trading platform.”

FAQ

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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.

author image
Tamás Gyuriczki
Author of this review
As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.
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