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Revolut Alternatives

May 2019
Our top picks for Revolut alternatives
Freetrade
Degiro

The best alternatives to Revolut are

  1. Freetrade - UK discount broker
  2. Degiro - Dutch discount broker

Let's see in a bit more detail how the Revolut alternatives compare to Revolut and each other:

Revolut alternatives comparison
Revolut Freetrade Degiro
Overall score 4.0 3.9 4.7
Fees score 5 stars 5 stars 5 stars
Account opening score 5 stars 5 stars 5 stars
Deposit and withdrawal score 4 stars 3 stars 3 stars
Web platform score - - 4 stars
Markets and products score 1 stars 1 stars 3 stars
Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to Revolut? There are many areas based on which Revolut can be compared with others. When we say a given online broker is a good alternative to Revolut we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Revolut alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Revolut is recommended for beginners and investors focusing on the us market
  • Freetrade is recommended for long-term investor preferring low fees and focusing on the uk and us markets
  • Degiro is recommended for price-sensitive buy and hold investors and traders looking for only execution

Important factors of finding Revolut alternatives

So far Brokerchooser has reviewed 57 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Revolut or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Revolut is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Revolut alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Revolut this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Revolut, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Revolut alternative is a must.


Now let's dive into the details of how Revolut and its alternatives perform in the most important areas!

Revolut alternatives
Revolut

4.0 4 stars

Revolut logo

Revolut is a fast-growing fintech startup founded in 2015. Revolut is known mainly for its banking and payment services. In 2019, the company launched its commission-free stock trading which is provided by Revolut Trading Ltd. It is regulated by the Financial Conduct Authority (FCA).

Revolut is considered safe because it is regulated by a top-tier regulator and has a banking background.

Recommended for beginners and investors focusing on the us market

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

Visit broker

Fees 5 stars

Revolut offers free stock trading. It charges no inactivity or withdrawal fee. On the negative side, there is a 0.01% annual custody fee.
Pros
  • No withdrawal fee
  • No inactivity fee
  • Free stock trading
Cons
  • 0.01% annual custody fee
Revolut alternatives trading fees
Revolut Freetrade Degiro
Apple benchmark fee $0.0 $0.0 $1.4
Vodafone benchmark fee - $0.0 $5.2
EURUSD benchmark fee - - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Account opening 5 stars

Revolut has an easy, fast, and fully digital account opening. It doesn't have a minimum account balance.
Pros
  • Fast
  • Fully digital
  • No minimum deposit
Cons
  • Available only for Metal accounts
Revolut alternatives minimum deposit and account open times
Revolut Freetrade Degiro
Minimum deposit $0 $0 $0
Time to open account 1 day 1 day 1 day

Learn more about Revolut minimum deposit here.

More Visit broker

Deposit and withdrawal 4 stars

Revolut offers free deposit and withdrawal. Besides bank transfer, the credit/debit cards, Google Pay, and Apple Pay deposit options are available. On the negative side, you can use only USD-based accounts for trading.
Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
  • For trading, you can use only USD-accounts
Revolut and alternatives withdrawal options and fees
Revolut Freetrade Degiro
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

More Visit broker

Web trading platform

Revolut doesn't offer web or desktop trading platforms, only a mobile-based trading platform. Offering a web-based application is very common today as it is convenient to use and accessible from all devices. We missed the web platform very much.
Revolut and alternatives trading platform scores
Revolut Freetrade Degiro
Web platform score - - 4 stars
Mobile platform score 4 stars 4 stars 4 stars
Desktop platform score - - -

Learn more about Revolut's web trading platform in the detailed Revolut review.

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Markets and products 1 stars

Revolut has a limited product portfolio. You can trade only with US stocks and cryptos. It lacks other popular asset classes, like mutual funds, bonds, options, etc.
Revolut and alternatives markets and products
Revolut Freetrade Degiro
Stock Yes Yes Yes
ETF No Yes Yes
Forex No No No
Fund No No Yes
Bond No No Yes
Options No No Yes
Futures No No Yes
CFD No No Yes
Crypto Yes No Yes

More Visit broker

Verdict

Revolut's fees are great. Stocks are free, and there is no inactivity fee. The account opening is easy, fully digital, and fast. You can use an awesome and user-friendly mobile trading platform.

Revolut has some drawbacks though. The product portfolio covers only stocks from the US market. There are only a few research, while educational tools are missing. The customer service can be improved. 

If you want to trade with US stocks for free and prefer an easy-to-use platform, Revolut is a great choice.

Revolut
Summary Revolut is UK-based fintech startup which offers commission-free stock trading. Revolut Trading Ltd is regulated by the UK FCA.
Fees score 5 stars
Recommended for Beginners and investors focusing on the US market

More Visit broker

Revolut alternatives
Freetrade

3.9 4 stars

Freetrade logo

Freetrade is a UK-based fintech startup which offers commission-free trading. The company was founded in 2015 and is regulated by the Financial Conduct Authority (FCA).

Freetrade is considered safe because it is regulated by a top-tier regulator and provides a maximum of £85,000 investor protection.

Recommended for long-term investor preferring low fees and focusing on the uk and us markets

Pros
  • Free stocks and ETFs
  • Easy and fast account opening
  • Great mobile trading platform
Cons
  • Basic product portfolio
  • Limited research and education
  • No credit/debit card deposit and withdrawal

Visit broker

Fees 5 stars

Freetrade offers free stocks and ETFs if you place a basic order. There are no account, inactivity, or withdrawal fee as well. Instant orders and extra services, like ISA account, are charged only.
Pros
  • Low non-trading fees
  • Transparent fee structure
  • Free stocks and ETFs
Cons
None
Revolut vs. Freetrade: Trading fees
Freetrade Revolut
Apple benchmark fee $0.0 $0.0
Vodafone benchmark fee $0.0 -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Account opening 5 stars

Freetrade has a great account opening. It is fast, fully digital, and user-friendly. There is no minimum account balance.
Pros
  • Fast
  • Fully digital
  • No minimum deposit
Cons
None
Revolut vs. Freetrade: Minimum deposit, time to open an account
Freetrade Revolut
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in Freetrade minimum deposit, this overview will help you.

More Visit broker

Deposit and withdrawal 3 stars

Freetrade's deposit and withdrawal are free and user-friendly. On the negative side, credit/debit cards are not accepted and you can open only GBP accounts.
Pros
  • Free withdrawal
  • No deposit fee
  • User-friendly
Cons
  • Credit/Debit card not available
  • Only one account base currency
Revolut vs. Freetrade: Withdrawal options
Freetrade Revolut
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform

Freetrade doesn't offer web or desktop trading platforms, only a mobile-based trading platform. Offering a web-based application is very common today as it is convenient to use and accessible from all devices. We missed the web platform very much.
Revolut vs. Freetrade: Trading platform scores
Freetrade Revolut
Web platform score - -
Mobile platform score 4 stars 4 stars
Desktop platform score - -

Learn more about Freetrade's web trading platform in the detailed Freetrade review.

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Markets and products 1 stars

Freetrade has limited product portfolio. You can trade only with stocks and ETFs. It lacks other popular asset classes, like mutual funds, bonds, options, etc.
Revolut vs. Freetrade: Markets and products
Freetrade Revolut
Stock Yes Yes
ETF Yes No
Forex No No
Fund No No
Bond No No
Options No No
Futures No No
CFD No No
Crypto No Yes

More Visit broker

Verdict

Freetrade's fees are great. Stocks and ETFs are free, and there is no inactivity fee. The account opening is easy, fully digital, and fast. You can use an awesome and user-friendly mobile trading platform.

Freetrade has some drawbacks though. The product portfolio covers only stocks and ETFs from the US and UK markets. There are only a few research and educational tools. You can't use credit/debit cards for money transferring. 

If you want to trade with UK and US stocks or ETFs for free and prefer an easy-to-use platform, Freetrade is the best choice. 

Freetrade
Summary Freetrade is UK fintech startup which offers commission-free stock trading. Freetrade is regulated by the UK FCA.
Fees score 5 stars
Recommended for Long-term investor preferring low fees and focusing on the UK and US markets

More Visit broker

Revolut alternatives
Degiro

4.7 5 stars

Best discount broker

Degiro logo

DEGIRO is a trending Dutch online discount broker. It is privately owned and was established in 2013 by former employees of another brokerage company.

DEGIRO is considered safe as it is regulated by top-tier financial regulators, the Dutch AFM and DNB. It is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.

Recommended for price-sensitive buy and hold investors and traders looking for only execution

Pros
  • One of the lowest fees in the market
  • Broad access to international markets
  • Easy to use web and mobile platform
Cons
  • Limited research and education
  • No forex trading
  • No credit/debit card deposit and withdrawal

Visit broker

Fees 5 stars

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There are some ETFs which you can trade free once per month. It's a great offer for buy-and-hold investors.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • At some ETFs, one free trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
Revolut vs. Degiro: Trading fees
Degiro Revolut
Apple benchmark fee $1.4 $0.0
Vodafone benchmark fee $5.2 -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker

Account opening 5 stars

DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
Pros
  • Fully digital
  • No minimum deposit
  • User-friendly
Cons
None
Revolut vs. Degiro: Minimum deposit, time to open an account
Degiro Revolut
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in Degiro minimum deposit, this overview will help you.

More Visit broker

Deposit and withdrawal 3 stars

DEGIRO deposit and withdrawal is free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card not available
Revolut vs. Degiro: Withdrawal options
Degiro Revolut
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 4 stars

DEGIRO’s web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Two-step (safer) login
  • Modern design
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Web trading platform of Degiro, a Revolut alternative
Revolut vs. Degiro: Trading platform scores
Degiro Revolut
Web platform score 4 stars -
Mobile platform score 4 stars 4 stars
Desktop platform score - -

Learn more about Degiro's web trading platform in the detailed Degiro review.

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Markets and products 3 stars

At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
Revolut vs. Degiro: Markets and products
Degiro Revolut
Stock Yes Yes
ETF Yes No
Forex No No
Fund Yes No
Bond Yes No
Options Yes No
Futures Yes No
CFD Yes No
Crypto Yes Yes

More Visit broker

Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend a fortune on fees.

It is far cheaper than its big European competitors and only Interactive Brokers can compete with DEGIRO fees. DEGIRO also has great access to international markets and trading products. And it is als one of the best trading platforms for Europeans.

However, cheapness comes with some shortfalls. Education and research tools are limited, there is no forex trading and limited deposit and withdrawal options.

All in all, it is a great online broker. As there is no minimum deposit and no inactivity fee, feel free to try it out.

Degiro
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA.
Fees score 5 stars
Recommended for Price-sensitive buy and hold investors and traders looking for only execution

More Visit broker

Revolut alternatives
Bottom line

Based on our analysis, there are several good alternatives to Revolut. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Revolut alternatives
Broker Info Recommended for
Revolut UK discount broker Beginners and investors focusing on the US market
Freetrade UK discount broker Long-term investor preferring low fees and focusing on the UK and US markets
Degiro Dutch discount broker Price-sensitive buy and hold investors and traders looking for only execution

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

AUTHOR

Dan Sallai
Dan Sallai
CMO
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
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