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Is Revolut safe and legit?

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6d ago
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Revolut is not a scam

Signing up with a fraudulent broker can easily result in you losing your money. The monetary loss can set back your investment plans by years.

You can rest assured, Revolut is considered reliable as it is regulated by the top-tier FCA in the UK.

Top reasons why Revolut is a safe and reliable choice
Tamás
Tamás Gyuriczki
Trading Titan | Investment • Stock Market • Market Analysis

I have personally tested dozens of brokers and helped people who have fallen victim to fraudulent brokers. Our team tracks 30,000+ brokers globally with a special focus on their safety profile. Here are the key reasons I consider Revolut a safe option:

  • Revolut is regulated by at least one top-tier regulator.
  • We thoroughly tested the services of Revolut.
  • Revolut’s clients most likely have access to investor protection.
  • Revolut has a strong track record in the industry.
BrokerChooser score
3.9 3.9 /5
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Revolut is available in the United States

Revolut is regulated by at least one top-tier regulator

Brokers overseen by top-tier regulators are legally required to meet very strict rules designed to protect their clients’ money. Non-compliance with these rules typically results in the loss of their license to operate. Brokers overseen by top-tier regulators are seldom - if ever - scams.

They must keep clients’ money segregated from their operational funds, offer fair fees and prices as well as provide transparent trade execution. Top-tier oversight curbs fraud and manipulation through regular audits, licensing requirements, and steep penalties for violations.

We compiled a list of all the regulators that supervise Revolut:

  • All clients - Financial Conduct Authority (FCA)
Regulators

We thoroughly tested the services of Revolut

We tested every aspect of Revolut’s services using a combination of automated analysis and manual verification with real money. We conducted real trades on the broker’s trading platforms, deposited and withdrew money, and contacted customer service through all available channels. Check out our findings and assessments in the full review of Revolut.

We put special emphasis on the safety profile of the brokers we evaluate and analyze 33 safety related data points at each. Our team maintains a comprehensive database with over 32,000 brokers and collects detailed information on each to identify legitimate businesses versus fraudulent operations.

This database powers our unique Scam Broker Shield tool that allows users to instantly verify a broker's trustworthiness. Simply enter the broker's name into the search bar to check their legitimacy.

We regularly investigate user reports of scam brokers and if we confirm the broker is fraudulent, we update our records.

Revolut’s clients most likely have access to investor protection

As a client of Revolut you will have access to the investor protection program provided in the country where the broker operates.

These programs provide compensation to clients in the event a broker becomes insolvent and is unable to return investments. Check out the following table to see the investor protection amounts that you have access if you sign up with Revolut.

Revolut investor protection
Investor protection amount: EU clients: €22k for cash and low amount for securities; UK clients:$500k for securities; US clients: $500k (securities up to $500k, cash up to $250k)

Revolut has a strong track record in the industry

In addition to regulatory oversight and investor protection, the length and spotlessness of a broker’s track record are also key indicators as to its safety.

Revolut is a reliable industry player that has not been involved in any major scandals.

Having been on the market for a long time or being listed on an exchange are also signs that the broker is a legit entity.

Check out some additional safety features of Revolut in the table below:

Revolut snapshot
🌎 Country of origin UK
📅 Foundation date 2,015
🏛 Banking background Yes
📈 Listed on exchange No
🗺️ Broker ownership is transparent Yes
👔 Broker management is transparent Yes
📋 Read more Check out the Revolut review for 2024

Data updated on February 18, 2024

Warning: Be alert to cloned websites impersonating trusted brokers such as Revolut. These fraudulent sites bear a strong resemblance to the legitimate broker's web page but they are scams. Avoid using links from forums or unverified sources and double-check the URL before making any deposits. To be on the safe side, use this link to Revolut, which was tested and verified by BrokerChooser.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

Author of this article

Tamás Gyuriczki

Trading Titan | Investment • Stock Market • Market Analysis

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.

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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