Popular digital banking brand Revolut lets you invest in more than 800 stocks as well as fractional shares. Revolut has four tiers, each priced differently, which get you a certain number of trades each month. We’ve compiled the key features of Revolut’s trading platform, set out how to use it and put together some pros and cons of investing with Revolut.
Yep! You can buy more than 800 US stocks, gold, silver and some currencies with Revolut. Revolut’s trading platform is an extension of its existing mobile banking app – so you need to already have a Revolut bank account open in order to start trading. It takes less than 5 minutes to open a Revolut account and start trading (we know, because we actually tried it ourselves!).
There aren’t any ISAs or pensions available with Revolut, but we understand that the company is working on it.
Some of the key features of Revolut’s trading account are:
Revolut can’t tell you what to invest in and doesn’t offer ideas on what to trade but it does have “collections” of stocks, such as the most popular stocks or groups of stocks by sector. It does offer news and financials for the stock you are looking at.
To open a Revolut Trading account, you need:
Setting up a Revolut trading account is easy:
To fund your account you need to transfer funds from your existing Revolut account. You can fund your Revolut account with a bank transfer or with a credit or debit card.
You can only hold funds in USD in your trading account. There is no minimum deposit required.
|Investment type||Available with Revolut?|
Revolut has three tiers that determine the fees and number of trades you can make each month.
|Account type||Cost||Trades per month|
|Standard||Free||1 stock trade per month|
|Plus||£2.99 per month||3 stock trades per month|
|Premium||£6.99 per month||5 stock trades per month|
|Metal||£12.99 per month||Unlimited stock trades|
We’ve answered some questions below about Revolut’s safety.
Yes, Revolut is licensed by the Financial Conduct Authority (FCA) both to deal in electronic money and to act as an investment firm.
Revolut isn’t covered by the Financial Services Compensation Scheme (FSCS), but 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 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 April 23 2020).
Investing with Revolut is 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 ready made investing strategy, which can be a good way to familiarise yourself with the investment world.
The fact that you can only open a general investment account may be a drawback for you if you haven’t made use of your ISA allowance yet.
If you’re experienced, and want to pick and manage your shares yourself, Revolut is great. It’s really cheap and the app is streamlined and easy to use.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
View our list of the top 10 trending stocks today, and read our guide to choosing the best stocks.
We’ve taken a look at some of the best trading apps in the UK and explained who they’re best suited to. Our table compares fees and services too.
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