Revolut trading review

Find out about Revolut's free share trading service, how it works and some pros and cons.

Revolut Trading

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.

Is Revolut trading legit?

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.

Features of the Revolut trading account

Some of the key features of Revolut’s trading account are:

  • Open an account from your app. You can start trading directly from the Revolut app. You’ll need to be at least 18 and already have a Revolut account.
  • Buy shares from more than 800 companies. The list includes well-known brands like Alphabet, Amazon, Facebook and Uber. They’re all listed in the US. For now, Revolut doesn’t let you buy shares in any company listed on the London Stock Exchange.
  • Fractional shares. Some companies’ shares are very expensive (in the order of thousands of US dollars) but Revolut allows you to buy fractional shares, so you can start with as little as £1.
  • Dividends are credited directly to your Revolut account. If you own shares in a company that pays them of course, though keep in mind that many don’t.
  • Set a watchlist and set price alerts. You can keep track of stocks that you’re interested in.

Can Revolut tell me what to invest in?

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.

How to open a trading account with Revolut

To open a Revolut Trading account, you need:

  • To already have a Revolut account
  • Be at least 18 years old.
  • Be a legal resident of the United Kingdom.

Setting up a Revolut trading account is easy:

  1. Download the Revolut app. You can get it on the App store or Google Play Store.
  2. Provide your phone number. You’ll need to verify it with a code.
  3. Provide some personal details. These include your name, email address, home address and date of birth.
  4. Verify your identity. You can do this through the app with a passport or ID.
  5. Wait for verification. This took less than five minutes for us.
  6. Click on the “Wealth” tab. It looks like a little graph with an arrow.
  7. Provide a few extra details. You might need to give your National Insurance number and information on your knowledge about investing.
  8. Start investing. It’s as simple as that!

How to fund your Revolut account

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.

What can you invest in with a Revolut trading account?

Investment typeAvailable with Revolut?
US Stocks
UK Stocks
ETFs
Forex
Funds
Bonds
Options
Futures
CFDs
Crypto
Commodities

What are Revolut trading’s fees?

Revolut has three tiers that determine the fees and number of trades you can make each month.

Account typeCostTrades per month
StandardFree1 stock trade per month
Plus£2.99 per month3 stock trades per month
Premium£6.99 per month5 stock trades per month
Metal£12.99 per monthUnlimited stock trades

Additional fees

  • There’s a 0.01% annual custody fee. So if you hold £10,000 worth of shares in your account, you’ll be charged £1 a year.
  • If you go over your monthly limit. Trades will be charged £1 each.

Is Revolut trading safe?

We’ve answered some questions below about Revolut’s safety.

Is Revolut FCA regulated?

Yes, Revolut is licensed by the Financial Conduct Authority (FCA) both to deal in electronic money and to act as an investment firm.

Is my money protected by the FSCS with Revolut?

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.

Revolut trading customer reviews

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).

Pros and cons of buying shares with Revolut

Pros

  • Buying and holding shares through Revolut is cheaper than with most investing platforms.
  • It has a decent choice of companies you can buy shares in, including some very high-profile ones.
  • Opening an investment account is really easy and quick through the Revolut app.
  • Fractional shares allow you to own shares with highly-valued companies even if you don’t have a massive budget.

Cons

  • You can only open a general investment account – no ISA or pension options available.
  • You don’t get any help or advice in setting up your investing strategy, which can be risky for beginners.
  • You can only buy shares in US companies.

Our verdict: Is Revolut trading any good?

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.

Compare share-dealing platforms

Table: sorted by promoted deals first
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
N/A
£0
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $200.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Compare up to 4 providers

Name Product Minimum deposit Maximum annual fee Price per trade Brand description
InvestEngine stocks and shares ISA
£100
0.25%
£0
Offer - £50 welcome bonus for new customers. Subject to minimum investment. T&Cs apply. Capital at risk.
Moneybox stocks and shares ISA
£1
0.45% and £1 monthly subscription fee (free for first 3 months)
£0
Moneybox offers a smart and simple way to invest. Sign up in minutes and start investing with £1 via their award-winning app. Capital at risk.
interactive investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
N/A
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
AJ Bell Stocks and Shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
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Compare up to 4 providers

Name Product Minimum investment Choose from Fee for a £50,000 pension pot Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
Annual fee: £239.88, fund fees: £50-500
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
Annual fee: £125, includes fund fees
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
9 funds
Annual fee: £250-475, includes fund fees
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
Annual fee: £225 (£200 cap if holding shares), fund fees included
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
Annual fee: £375-455, fund fees included
Moneybox Pension
£1
3 funds
Annual fee: £225, fund fee: £60
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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Compare up to 4 providers

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.

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