Revolut
Rating: 4 / 5Revolut is a UK-headquartered, Lithuanian-authorized challenger bank that relies on its mobile app to offer a one-stop financial solution to customers. The Revolut motto is "One app, all things money," and it aims to please everyone, but does it deliver? My review will focus solely on investment services for equities, cryptocurrencies, and commodities to see if Revolut provides enough to make its app appealing to investors.
Revolut is a UK-headquartered, Lithuanian-authorized challenger bank that relies on its mobile app to offer a one-stop financial solution to customers. The Revolut motto is "One app, all things money," and it aims to please everyone, but does it deliver? My review will focus solely on investment services for equities, cryptocurrencies, and commodities to see if Revolut provides enough to make its app appealing to investors.
Broker Details
- Headquarters
- United Kingdom
- Established
- 2015
- Min Deposit
- £0
- Execution
- Market Maker
Trading Conditions
- Retail Loss Rate
- Undisclosed
- Min Raw Spreads
- Not applicable
- Min Standard Spreads
- Not applicable
- Min Forex Commission
- Not applicable
- Trading Hours
- CryptocurrenciesMonday 00:00 - Sunday 24:00GoldUndisclosed - UndisclosedStocks (non-CFDs)Monday 09:30 (EST) - Friday 16:00 (EST)ETFsMonday 17:30 (EST) - Friday 16:00 (EST)
Accounts & Funding
- Funding Methods
- 7
- Deposit Options
- Credit CardsWire TransferDebit CardsOther
- Deposit Fees
- No
- Withdrawal Options
- Other
- Withdrawal Fee
- Yes
Trading Costs & Spreads
- EUR/USD
- Not applicable
- GBP/USD
- Not applicable
- Gold
- 3% - 5%
- Bitcoin
- 5% - 6%
- WTI Crude
- Not applicable
- Inactivity Fee
- FALSE
Platform & Features
- Trading Platforms
- Other
Pros
- Easy to move money and use investment proceeds for day-to-day spending
- Commission-free trading (plan dependent) or low commissions where applicable
- Excellent regulation and authorization as a challenger bank
Cons
- Availability is geographically restricted but slowly expanding
- Limited asset selection and no direct Forex trading
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