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Our top picks for Revolut alternatives
Robinhood
4.5
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Freetrade
4.1
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Revolut Alternatives

The best alternatives to Revolut are

  1. Freetrade - UK discount broker
  2. Robinhood - US zero-fee 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 Robinhood
Overall score 4.2 4.1 4.5
Fees score 5.0 5.0 4.9
Account opening score 5.0 5.0 5.0
Deposit and withdrawal score 3.5 2.8 2.3
Web platform score - - 4.5
Markets and products score 2.0 1.8 2.4
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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 looking for free trading and a great mobile-only trading platform
  • Freetrade is recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets
  • Robinhood is recommended for beginners and buy-and-hold investors focusing on the us stock market

Important factors of finding Revolut alternatives

So far BrokerChooser has reviewed 59 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

Revolut is a fast-growing fintech startup founded in 2015 and it's mainly known for its banking and payment services. In 2019, the company also launched its commission-free stock trading which is provided by Revolut Trading Ltd. 

Revolut is regulated by multiple regulators, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients' assets are protected up to $500,000 ($250,000 cash) under the Securities Investment Protection Corporation's (SIPC) insurance

Recommended for beginners looking for free trading and a great mobile-only trading platform

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

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Fees
5.0

Besides trading stocks for free with Revolut, you don't have to pay any inactivity or withdrawal fee. There is only a 0.01% annual custody fee.
Pros Cons
Low trading fees None
Low non-trading fees
Free stock trading
Revolut alternatives trading fees
Revolut Freetrade Robinhood
US stock $0.0 $0.0 $0.0
UK stock - $0.0 -

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

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Account opening
5.0

Revolut has an easy, fast, and fully digital account opening and there's no minimum account balance.
Pros Cons
Fast None
Fully digital
No minimum deposit
Revolut alternatives minimum deposit and account open times
Revolut Freetrade Robinhood
Minimum deposit $0 $0 $0
Time to open account 1 day 1 day 1 day

Learn more about Revolut minimum deposit here.

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Deposit and withdrawal
3.5

Revolut offers several deposit options and both deposits and withdrawals are free even with wire transfers. On the negative side, you can only use USD-based accounts for trading.
Pros Cons
Credit/Debit card available Only USD-accounts for trading
Free withdrawal
No deposit fee
Revolut and alternatives withdrawal options and fees
Revolut Freetrade Robinhood
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

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Web trading platform

Revolut doesn't offer a trading platform on the web, it's available only on mobile. Offering a web-based application is very common today as it is convenient to use and accessible from all devices. This is a drawback.
Revolut and alternatives trading platform scores
Revolut Freetrade Robinhood
Web platform score - - 4.5
Mobile platform score 4.0 4.2 5.0
Desktop platform score - - -

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

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Markets and products
2.0

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

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Verdict

Revolut's fees are great. With all three types of accounts, you can trade US stocks for free. 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 totally missing. The customer service could be improved

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

Revolut
Summary Revolut is UK-based fintech startup that offers commission-free stock trading. Revolut Trading Ltd is regulated by the FCA.
Fees score 5.0
Recommended for Beginners looking for free trading and a great mobile-only trading platform

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Revolut alternatives
Freetrade

Freetrade is a UK-based fintech startup providing commission-free stock trading, regulated by the United Kingdom's Financial Conduct Authority (FCA). The company was founded in 2016. 

Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.

Recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets

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

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Fees
5.0

At Freetrade you can trade with free stocks and ETFs. There are no account, inactivity, or withdrawal fees.
Pros Cons
Low trading fees None
Low non-trading fees
Free stock and ETF trading
Revolut vs. Freetrade: Trading fees
Freetrade Revolut
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee $0.5 -
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

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Account opening
5.0

Account opening at Freetrade is fast, fully digital and user-friendly and there is no minimum deposit.
Pros Cons
Fast None
Fully digital
No minimum deposit
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.

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Deposit and withdrawal
2.8

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

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Web trading platform

At Freetrade, you can only trade through a mobile platform: web and desktop platforms are not available. We missed the web platform, which is planned to be shipped in late 2020.
Revolut vs. Freetrade: Trading platform scores
Freetrade Revolut
Web platform score - -
Mobile platform score 4.2 4.0
Desktop platform score - -

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

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Markets and products
1.8

Freetrade has a limited product portfolio, you can only trade with stocks and ETFs. It lacks other asset classes, like mutual funds, bonds, and options.
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

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Verdict

Freetrade's fees are great. Stocks and ETF trades are free if executed at 16:00 PM GMT, 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: there are only US and UK stocks and ETFs. There are only a few research and educational tools, and you can't use credit/debit cards for transfers. 

If you need an instant (market) or basic execution of stock and ETFs from the main UK and US exchanges for free and you prefer an easy-to-use mobile trading platform, Freetrade is a good choice. 

Freetrade
Summary Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.
Fees score 5.0
Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets

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Revolut alternatives
Robinhood

BrokerChooser committed to bringing high transparency and clarity to our customers not just brokers, but also our partners: BrokerChooser's Advertiser Disclosure

Robinhood is a US zero-fee discount broker established in 2013. The company is regulated by top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Robinhood crashed three times between 03 March and 09 March 2020 not letting its clients log in and/or trade in volatile market conditions. This review and its score does not reflect these incidents yet.

Recommended for beginners and buy-and-hold investors focusing on the us stock market

Pros Cons
Free US stock and ETF trading Limited product range
Great mobile and web trading platforms Weak customer support
Fast and fully digital account opening Few educational materials

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Fees
4.9

Trading US stocks and ETFs is free at Robinhood. It's also great that Robinhood doesn't charge an inactivity or withdrawal fee.
Pros Cons
Low trading fees None
Low non-trading fees
Commission-free US stock trading
Revolut vs. Robinhood: Trading fees
Robinhood Revolut
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee - -
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

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Account opening
5.0

Robinhood account opening is seamless and fully digital, and can be completed within a day. On the negative side, only US and Australian clients can open an account.
Pros Cons
Fast Available only for US and Australian clients
Fully digital
No minimum deposit
Revolut vs. Robinhood: Minimum deposit, time to open an account
Robinhood Revolut
Minimum deposit $0 $0
Time to open account 1 day 1 day

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

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Deposit and withdrawal
2.3

Deposit and withdrawal at Robinhood is free and easy, but you can only use bank transfer. In addition, large deposits above your 'instant' limit may take several business days.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Depositing larger amounts takes longer
Instant deposit up to $1,000 per week Wire withdrawal is pricey
Revolut vs. Robinhood: Withdrawal options
Robinhood Revolut
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

Robinhood provides a safe, user-friendly and well-designed web trading platform. On the downside, customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Robinhood, a Revolut alternative
Revolut vs. Robinhood: Trading platform scores
Robinhood Revolut
Web platform score 4.5 -
Mobile platform score 5.0 4.0
Desktop platform score - -

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

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Markets and products
2.4

Robinhood's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos. Furthermore, assets are limited mainly to US markets.
Revolut vs. Robinhood: Markets and products
Robinhood Revolut
Stock Yes Yes
ETF Yes No
Forex No No
Fund No No
Bond No No
Options Yes No
Futures No No
CFD No No
Crypto Yes Yes

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Verdict

Robinhood fees are great. US stock trading is commission-free, and there is no withdrawal or inactivity fee. Robinhood has awesome, user-friendly mobile and web trading platforms. Account opening is easy, fully digital and fast.

Robinhood has some drawbacks though. Most of the products you can trade are limited to the US market. Customer support is weak; you can only reach them via e-mail and it can take some time to get an answer. It provides educational articles but little else to guide you through the world of trading.

If you want to trade US stocks for free and are looking for an easy-to-use platform, Robinhood is your best choice.

Robinhood
Summary Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Fees score 4.9
Recommended for Beginners and buy-and-hold investors focusing on the US stock market

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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 looking for free trading and a great mobile-only trading platform
Freetrade UK discount broker Long-term investors on the hunt for low fees and focusing on the UK and US markets
Robinhood US zero-fee discount broker Beginners and buy-and-hold investors focusing on the US stock market

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

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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