Revolut
XM
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Beginners looking for free trading and a great mobile-only trading platform
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
UK
Cyprus
Fees
Low trading and non-trading fees, free stock and ETF trading
Average trading and non-trading fees, low CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
10
Deposit type
Withdrawal type
Account opening
$0
$5
1 day
1 day
Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Poor
Mid-range
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
€20,000 for EEA residents, no protection for others
2015
2009
UK, DriveWealth (Revolut's execution partner) is regulated in the US
Cyprus, Australia, Belize, United Arab Emirates
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
Revolut's service is on par with XM's and a comparison of their fees shows that Revolut's fees are slightly higher than XM's.
Account opening takes about the same effort at Revolut compared to XM, deposit and withdrawal processes are more complicated at Revolut, while customer service quality is considerably lower than XM's.
Our experts rated the trading platform of Revolut as being of the same quality as the platform of XM, found that clients have access to about the same number of markets and products with Revolut, while XM provides better research and education.