If you want to give it a go, buying shares with Revolut is quite straightforward:
Unlike with most investing platforms, for now Revolut only offers a standard account that allows you to directly buy shares (General Investment Account). Don’t expect stock and share ISAs, pensions, funds or any advice when setting up your investing strategy – you’re on your own.
Revolut’s share trading service is often referred to as “free”. While this isn’t technically true, it is as close as it gets.
As we said, compared to other investing platforms, Revolut is really cheap. You can have a look at typical investing fees on our share trading page.
Revolut isn’t covered by the Financial Services Compensation Scheme, but is fully licensed by the Financial Conduct Authority both to deal in electronic money and to act as an investment firm. Client money has to be kept separated from the company’s finances, so even if Revolut were to go bust, you’d get your deposits back.
Of course, this does not mean that you’re not at risk of losing your money. Investments can go down as well as up and you may get back less than you invested.
Most online customer reviews are for Revolut as a company, rather than its share trading function in particular. That said, the reviews tend to be glowing ones.
As well as coming third in our independent 2019 customer satisfaction awards, with 87% of users saying they would recommend its service, Revolut also has 4.6 out of 5 stars and a rating of Excellent on Trustpilot, based on more than 60,000 reviews.
Some reviews for Revolut trading specifically can be found on Reddit. Answering the question, ‘Is trading on Revolut the best option?’, Revolut customers replied with a mixture of positive and negative opinions on Revolut’s trading service. Some praised the company as “great value for money”, with one saying “I’m also using it. It’s a great to buy and sell without commission. Never seen this before”.
Those who were less impressed with the service complained about the app’s limited trading capabilities and occasional technical glitches (updated 23 April 2020).
Investing with Revolut is very much not for beginners. If you’re just starting out and don’t know much about how it works, you’ll be better off with an investing platform or app that offers more support. Many, like Moneybox, let you choose your risk profile and then match you to a pre-selected investing strategy, which can be a good way to familiarise yourself with the investment world.
As we said, with Revolut you are on your own, so you need to know what you are doing, what your investing strategy looks like, when you want to buy and sell. It’s hard to improvise without certain expertise.
However, if you do have that and you want to handpick and manage your shares yourself, Revolut is great. It’s really cheap and the app is streamlined and easy to use.
Finally, the fact that you can only open a General Investment Account may or may not be a drawback for you, depending on whether you’re interested in other types of accounts.
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