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Revolut fees explained

Aug 2019
Compare to best alternative broker

Overview of Revolut fees and charges

Revolut logo

It's safe to say that Revolut's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Revolut even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of Revolut's fees

Revolut Fees snapshot
Assets Fee level Fee terms
US stock fee Low Up to 100 commission-free trade per month, after which £1 per trade
EURUSD fee - Not available
US tech fund fee - Not available
Inactivity fee Low No inactivity fee

Revolut fees
Revolut fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Revolut fees with its closest competitors, Freetrade and Degiro.

Revolut fees
Revolut trading fees

Revolut's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at Revolut.

Trading fees

Revolut's trading fees are low.

Stock fees and ETF fees

Revolut has low stock trading fees.

Stock fees of a $2,000 trade
Revolut Freetrade Degiro
USA $0.0 $0.0 $0.6
UK - $0.0 $2.4
Germany - - $5.7

Crypto fees

Financing rates

Revolut financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Revolut yearly financing rates
Revolut Freetrade Degiro
Apple financing rate - - 4.3%
Vodafone financing rate - - 2.5%
EURUSD financing rate - - -
EURGBP financing rate - - -

Revolut fees
Revolut non-trading fees

When it comes to looking at all the non-trading fees Revolut is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Revolut that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Revolut stacks up in non-trading fees
Revolut Freetrade Degiro
Withdrawal fee $0 $0 $0
Deposit fee 0 0 0
Inactivity fee No No No
Account fee Yes No No

Revolut fees
Revolut deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Revolut is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Revolut offers.

Revolut deposit methods
Revolut Freetrade Degiro
Bank transfer Yes Yes Yes
Credit/Debit card Yes No No
Electronic wallets Yes Yes Yes
Deposit fee 0 0 0

Revolut fees
Revolut withdrawal fee

Unlike the majority of the online brokers we have reviewed Revolut does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Revolut withdrawal fees and options compared
Revolut Freetrade Degiro
Bank transfer Yes Yes Yes
Credit/Debit card Yes No No
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $0 $0 $0

Revolut fees
Revolut inactivity fee

Revolut does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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