Alternatives To Revolut
Founded in 2015, Revolut is best known for its mobile banking services. However, investors can also trade stocks, metals, and cryptos through its digital platform. But while it offers a wide selection of low-cost assets, there are some excellent alternatives online. See our list of the best brokers like Revolut, including AvaTrade and Saxo. Find out whether you should open an account with one of our alternatives to Revolut today.
Alternative Brokers
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1FOREX.comActive Trader Program With A 15% Reduction In Costs
Ratings
$1000.01 Lots1:50NFA, CFTCForex, Stocks, Futures, Futures OptionsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentralWire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH TransferUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN -
2NinjaTrader
Ratings
$00.01 Lots1:50NFA, CFTCForex, Stocks, Options, Commodities, Futures, CryptoNinjaTrader Desktop, Web & Mobile, eSignalACH Transfer, Debit Card, Wire Transfer, ChequeUSD -
3eToro USAInvest $100 and get $10Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Ratings
$100$10SEC, FINRAStocks, Options, ETFs, CryptoeToro Trading Platform & CopyTraderACH Transfer, Debit Card, PayPal, Wire TransferUSD -
4Interactive Brokers
Ratings
$0$1001:50FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFMStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, CryptocurrenciesTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentralCheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit CardUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF -
5RedMars
Ratings
€2500.01 Lots1:30 (Retail), 1:500 (Pro)CySEC, AFMCFDs, Forex, Stocks, Indices, Commodities, CryptosMT5Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, VisaUSD, EUR -
6IQCent20% to 200% Deposit Bonus
Ratings
$250$0.011:500IFMRRCBinary Options, CFDs, Forex, Indices, Commodities, CryptoOnline Platform, TradingViewCredit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, MastercardUSD, EUR -
7OANDA USCFDs are not available to residents in the United States.
Ratings
$00.01 Lots1:50NFA, CFTCForex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)OANDA Trade, MT4, TradingView, AutoChartistWire Transfer, Visa, Mastercard, Debit Card, ACH TransferUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD -
8Plus500 USWelcome Deposit Bonus up to $200Trading with leverage involves risk.
Ratings
$1000.0 LotsCFTC, NFAFutures on Forex, Commodities, Cryptos, Indices, Interest RatesWebTrader, AppACH Transfer, Wire Transfer, Debit Card, Mastercard, VisaUSD -
9UnitedPips40% Deposit Bonus
Ratings
$100.01 Lots1:1000IFSACFDs, Forex, Precious Metals, CryptoUniTraderPayPal, Credit Card, Debit Card, Perfect Money, Bitcoin Payments, Ethereum PaymentsUSD -
10MoomooGet up to 15 free stocks worth up to $2000
Ratings
$0$01:2SEC, FINRA, MAS, ASIC, SFCStocks, Options, ETFs, ADRs, OTCsDesktop Platform, Mobile AppWire Transfer, ACH TransferUSD, HKD, SGD
Here is a short summary of why we think each broker belongs in this top list:
- FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
- NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
- eToro USA - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
- Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
- IQCent - IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.
- OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
- Plus500 US - Plus500 is a well-established broker that entered the US market in 2021. Authorized by the CFTC and NFA, it provides futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a 10-minute sign-up, a manageable $100 minimum deposit, and a straightforward web platform, Plus500 continues to strengthen its offering for traders in the US.
- UnitedPips - Operating since 2016 and based in Saint Lucia, UnitedPips is a non-dealing desk broker serving clients in over 137 countries. It specializes in CFD trading across around 80+ assets with high leverage up to 1:1000.
- Moomoo - Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
FOREX.com
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer
FOREX.com Quick Facts
Bonus Offer | Active Trader Program With A 15% Reduction In Costs |
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Demo Account | Yes |
Instruments | Forex, Stocks, Futures, Futures Options |
Regulator | NFA, CFTC |
Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:50 |
Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
- The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
- With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
Cons
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
NinjaTrader
"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."
Tobias Robinson, Reviewer
NinjaTrader Quick Facts
Demo Account | Yes |
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Instruments | Forex, Stocks, Options, Commodities, Futures, Crypto |
Regulator | NFA, CFTC |
Platforms | NinjaTrader Desktop, Web & Mobile, eSignal |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:50 |
Account Currencies | USD |
Pros
- Traders can get free platform access and trade simulation capabilities in the unlimited demo
- Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract
- NinjaTrader continues to deliver comprehensive charting software for active day traders with bespoke technical indicators and widgets
Cons
- Non forex and futures trading requires signing up with partner brokers
- The premium platform tools come with an extra charge
- There is a withdrawal fee on some funding methods
eToro USA
"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
Jemma Grist, Reviewer
eToro USA Quick Facts
Bonus Offer | Invest $100 and get $10 |
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Demo Account | Yes |
Instruments | Stocks, Options, ETFs, Crypto |
Regulator | SEC, FINRA |
Platforms | eToro Trading Platform & CopyTrader |
Minimum Deposit | $100 |
Minimum Trade | $10 |
Account Currencies | USD |
Pros
- eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
- The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
- The low minimum deposit and straightforward account opening process means beginners can get started quickly
Cons
- Average fees may cut into the profit margins of day traders
- There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
- There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos
Interactive Brokers
"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer
Interactive Brokers Quick Facts
Demo Account | Yes |
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Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM |
Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral |
Minimum Deposit | $0 |
Minimum Trade | $100 |
Leverage | 1:50 |
Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF |
Pros
- IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
- IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries, most recently the Saudi Stock Exchange.
- There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
Cons
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
- IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
- Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
RedMars
"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."
Christian Harris, Reviewer
RedMars Quick Facts
Demo Account | Yes |
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Instruments | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
Regulator | CySEC, AFM |
Platforms | MT5 |
Minimum Deposit | €250 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR |
Pros
- Getting started on RedMars is incredibly easy - you can be up and running in just a few minutes based on tests
- The broker is one of a limited number of firms to offer an account specially designed for VIPs with premium support and invites to exclusive events
- Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy
Cons
- The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
- RedMars falls short for newer traders, with little in the way of education, no beginner-friendly platform, a steep minimum deposit, and inadequate support during testing
- While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
IQCent
"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "
Jemma Grist, Reviewer
IQCent Quick Facts
Bonus Offer | 20% to 200% Deposit Bonus |
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Demo Account | Yes |
Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
Regulator | IFMRRC |
Platforms | Online Platform, TradingView |
Minimum Deposit | $250 |
Minimum Trade | $0.01 |
Leverage | 1:500 |
Account Currencies | USD, EUR |
Pros
- The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies
- The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests
- CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD
Cons
- The market analysis is very basic with limited technical summaries and insights from analysts
- IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month
- The broker is not overseen by a respected regulator, though this is common among binary options firms
OANDA US
"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
Jemma Grist, Reviewer
OANDA US Quick Facts
Demo Account | Yes |
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Instruments | Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) |
Regulator | NFA, CFTC |
Platforms | OANDA Trade, MT4, TradingView, AutoChartist |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:50 |
Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD |
Pros
- OANDA is a reliable, trustworthy and secure brand with authorization from tier-one regulators including the CFTC
- The broker offers a transparent pricing structure with no hidden charges
- Beginners can get started easily with $0 minimum initial deposit
Cons
- It's a shame that customer support is not available on weekends
- There's only a small range of payment methods available, with no e-wallets supported
- The range of day trading markets is limited to forex and cryptos only
Plus500 US
"Plus500 US stands out as an excellent choice for beginners, offering a very user-friendly platform, low day trading margins, and access to the Futures Academy to enhance trading skills."
Michael MacKenzie, Reviewer
Plus500 US Quick Facts
Bonus Offer | Welcome Deposit Bonus up to $200 |
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Demo Account | Yes |
Instruments | Futures on Forex, Commodities, Cryptos, Indices, Interest Rates |
Regulator | CFTC, NFA |
Platforms | WebTrader, App |
Minimum Deposit | $100 |
Minimum Trade | 0.0 Lots |
Account Currencies | USD |
Pros
- The Futures Academy is an excellent resource for new traders with engaging videos and easy-to-follow articles, while the unlimited demo account is great for testing strategies
- Plus500 is a publicly traded company with a good reputation, over 24 million traders, and a sponsor of the Chicago Bulls, instilling a sense of trust
- The trading app provides a terrific user experience with a modern design, a clean layout and mobile-optimized charts
Cons
- Although support response times were fast during tests, there is no telephone assistance
- While Plus500 US continues to broaden its investment offering, it's currently restricted to around 50+ futures with no stocks
- Despite competitive pricing, Plus500 US lacks a discount program for high-volume day traders, a scheme found at brokers like Interactive Brokers
UnitedPips
"UnitedPips is ideal for traders seeking leveraged trading opportunities, the security of fixed spreads, and the flexibility to deposit, withdraw, and trade cryptocurrencies - all in one sleek TradingView-powered platform."
Christian Harris, Reviewer
UnitedPips Quick Facts
Bonus Offer | 40% Deposit Bonus |
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Demo Account | Yes |
Instruments | CFDs, Forex, Precious Metals, Crypto |
Regulator | IFSA |
Platforms | UniTrader |
Minimum Deposit | $10 |
Minimum Trade | 0.01 Lots |
Leverage | 1:1000 |
Account Currencies | USD |
Pros
- UnitedPips offers impressive leverage up to 1:1000 with zero swap fees or commissions, which can enhance potential returns for day traders and swing traders looking to control prominent positions with less capital.
- UnitedPips’ platform performs well, with an intuitive design that will appeal to beginners, while the TradingView integration delivers powerful charting tools without overwhelming users, making it straightforward to execute trades efficiently.
- Although being handed off mid-chat due to shift changes during testing was frustrating, customer support is generally good with quick, helpful responses, and 24/7 support via phone and email for regional teams is a definite advantage.
Cons
- UnitedPips lacks comprehensive research, while the educational content for beginner traders is woeful. Compared to brokers like eToro, which offers tutorials, webinars, and advanced courses, UnitedPips offers minimal resources to help new traders understand key concepts.
- UnitedPips' selection of tradable instruments is still minimal, comprising a bare minimum selection of forex, metals and crypto. There are no equities, indices or ETFs, which may be a drawback for experienced traders looking for diverse opportunities.
- Unlike brokers such as IG, UnitedPips is an offshore broker not regulated by any 'green tier' financial authorities, raising concerns for traders seeking assurance and protection under well-established regulatory frameworks.
Moomoo
"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."
Jemma Grist, Reviewer
Moomoo Quick Facts
Bonus Offer | Get up to 15 free stocks worth up to $2000 |
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Demo Account | Yes |
Instruments | Stocks, Options, ETFs, ADRs, OTCs |
Regulator | SEC, FINRA, MAS, ASIC, SFC |
Platforms | Desktop Platform, Mobile App |
Minimum Deposit | $0 |
Minimum Trade | $0 |
Leverage | 1:2 |
Account Currencies | USD, HKD, SGD |
Pros
- There is no minimum deposit requirement making the broker accessible for beginners
- Moomoo's analytics and insights are impressive and detailed compared to other brands
- There are reduced options contract fees from $0.65 to $0
Cons
- There is no phone or live chat support - common options at most other brokers
- There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
- It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
Revolut Headlines
Products
- Stocks – Revolut members enjoy commission-free stock investing within the monthly allowance. Users can access over 800+ stocks listed on the NYSE and NASDAQ. A unique feature is the ability to buy fractional shares for as little as $1. And while UK shares aren’t offered at the moment, this is something Revolut plans to offer in the future.
- Cryptocurrencies – Members can exchange approximately 60 cryptocurrencies instantly, including Bitcoin, Ethereum, and Litecoin. Cryptos can be traded against 25 different fiat currencies such as the British Pound, the US Dollar, and the Euro. However, a big downside is not being able to withdraw the coins you purchase outside of Revolut.
- Commodities – Revolut also introduced the ability to trade gold and silver for just $1. While currently limited to two precious metals, Revolut plans to expand its selection of commodities. To trade metals, simply add the XAU or XAG account via the Commodities widget in the app.
Platforms
As Revolut’s mobile platform is an extension of its banking app, you need to hold a bank account with the fintech to start investing. It is suited to beginners looking for free stock trading and cheap price plans.
Note, Revolut does not offer a web trading platform and is only available on mobile.
The app is user-friendly, with assets easily accessible via the search function. Because it is aimed at beginners, charting tools are limited, with no technical indicators or drawing tools. Users can only view basic key information, such as changes in the stock price.
Fees
Revolut offers four pricing plans:
- Standard – The Standard account has no monthly charge and includes three free stock trades a month. Investing in cryptocurrencies comes with an expensive exchange markup of 2.5%. It is 1.5% on commodities and there is no interest on savings.
- Plus – The Plus account also offers three free trades and costs £2.99 per month with up to 0.55% AER interest. The same cryptos and commodities markup on the Standard account applies.
- Premium – The Premium account costs £6.99 per month with up to 0.85% AER interest, 1.5% markup on cryptos, and 0.25% on commodities.
- Metal – The Metal plan costs £12.99 per month with interest up to 1% AER and the same markup as the Premium account.
After you have surpassed your monthly free trade limit, trades cost £1 or currency equivalent. Revolut also charges 0.12% in annual custody fees. On a lighter note, they do not charge inactivity or deposit fees. ATM cash withdrawals are charged at 2% after bypassing the limits.
The minimum free withdrawal is £200, whilst the maximum is £800. This varies upon account type.
Overall, alternatives to Revolut are more competitive in terms of pricing on cryptos and metals.
Best Alternatives To Revolut
Now let’s look at some of the top alternatives to Revolut:
Saxo
Saxo Bank has a wide product portfolio, offering stocks, forex, cryptos, ETFs, bonds, CFDs, etc. The broker offers 22,000 stocks along with major and minor forex currencies, which is an edge over Revolut’s card and trading services. Saxo also offers Bitcoin, Ethereum, Litecoin, plus a variety of other 100+ crypto pairs.
Saxo has a web, mobile, and desktop platform, which has advanced tools for technical analysis and automated social trading. In addition, it has a two-step authentication process for enhanced user security.
When it comes to investing fees, some of the costs are high. For example, on a $2,000 trade, US stocks come in at $10. Compared to the no minimum deposit requirement by Revolut, Saxo’s minimum deposit of $2,000 is also a disadvantage. The broker does not charge withdrawal, deposit fees, or inactivity fees.
Still, for clients wanting to trade forex and pursue automated investing and copy trading services, Saxo is one of the top alternatives to Revolut.
Degiro
Degiro is a pan-European broker, available in 19 countries. Users can trade a variety of stocks, ETFs, futures, bonds, cryptos, and options across 50 international exchanges. On the downside, you can’t trade forex.
Degiro offers both a web and mobile trading platform. Its web version is great for executing trades with several order types. Still, it does not offer advanced tools and customizable charts.
Degiro has one of the lowest fees in the market for all instruments and no inactivity, deposit, or withdrawal charges. For example, US stock fees on a $2,000 trade start at $0.5.
For traders seeking wider access to the financial markets with low costs, Degiro is one of the top alternatives to Revolut.
AvaTrade
AvaTrade has a decent product range, including various CFDs across stocks, indices, commodities, 55 forex pairs, and 20 cryptos. The online broker also offers web, mobile, and desktop trading platforms, including MT4, MT5, and AvaOptions. As a result, investors can conduct detailed technical analysis using dozens of indicators, drawing tools, and customizable charts. Automated trading is also available.
AvaTrade offers low CFD fees and average forex fees. Still, a high inactivity fee is applied after three consecutive months of non-use. The inactivity fee is 50 and is subject to the customer’s relevant account base currency ($/€/£). It may also change periodically. On a positive note, the broker offers zero commissions on cryptos and does not charge deposit or withdrawal fees.
For beginners looking to step up their trading tools and access a wider range of financial markets, AvaTrade is among the best alternatives to Revolut.
Blackbull Markets
Users can trade forex, index CFDs, commodities, metals, and energies at BlackBull Markets – a wider selection compared to Revolut. And because BlackBull Markets offers the MT4 and MT5 platforms, users have access to an excellent range of tools and a comprehensive trading experience vs. Revolut’s basic buy and sell features.
BlackBull Market’s fee structure is average and varies with the account type. The standard account requires a minimum deposit of $50 and the EUR/USD pair comes with a minimum spread of 0.845 pips. Stock trading costs are in line with the best brokers in the industry.
Overall, BlackBull Markets is one of our top alternatives to Revolut for traders looking to up their investing game.
Pros Of Trading With Revolut
- Low stock trading fees
- Low minimum deposit
- Trade fractional shares
- No inactivity or deposit fees
- User-friendly mobile trading platform
Cons Of Trading With Revolut
- Narrow product range
- Limited research and educational tools
- High exchange markup on cryptocurrency
- Cannot withdraw crypto or metals profits outside of Revolut
Final Word On Alternatives To Revolut
If you are looking to trade US stocks with low fees or are a beginner searching for a user-friendly mobile platform, Revolut is a good choice. Degiro is another great option for clients interested in low-cost stock trading.
One of the best alternatives to Revolut for trading cryptocurrencies and other assets is AvaTrade which offers zero commissions vs. Revolut’s 2.5% markup. AvaTrade also provides access to 20 different crypto coins and wider market access overall. Additionally, AvaTrade offers the trusted MetaTrader platforms to suit both new and professional traders. In contrast, Revolut only offers a simple mobile trading platform. Also, AvaTrade and our other brokers listed allow you to withdraw into an independent bank account. In contrast, Revolut withdrawals are restricted to Revolut bank accounts.
Overall, AvaTrade, Degiro, Saxo, and BlackBull Markets are among the best alternatives to Revolut.
FAQs
What Is The Best Alternative To Revolut?
AvaTrade is the best alternative to Revolut if you are serious about creating a diverse portfolio with multiple instruments and assets. If you are looking to get into stock trading, Revolut is a reasonable option, offering fractional shares from $1. But as Revolut mainly offers US stocks, Degiro is a good alternative for trading UK and German stocks, among others.
Is Revolut Safe For Trading?
Revolut is licensed and regulated by multiple trusted bodies, including the SEC, FINRA, and FCA. Clients are protected up to $500,000 (including up to $250,000 cash) under Securities Investment Protection Corporation’s (SIPC) insurance. In the UK and EU, funds are protected by the FSCS protection scheme up to GBP 85,000. Still, there is always a risk with trading and most of our list of Revolut alternatives also offer safeguarding measures.
What Is A Similar Alternative To Revolut In Canada?
Revolut does not accept clients in Canada, though they do have plans to move to the region soon. You can join the waiting list on its website to be notified when the broker opens its virtual doors. BlackBull Markets, AvaTrade, and Degiro are all similar alternatives available in Canada.
Is Revolut Business Free?
Revolut Business price plans come in a basic/free or subscription plan. You can send up to $1,000 each month without exchange fees. A 0.5% fee is applied if you exceed this threshold. Alternatively, you can upgrade to Revolut Premium or Revolut Metal to transfer unlimited funds globally, with no foreign exchange fees.
Before July 8, 2022: Premium and Metal customers receive a free allowance of one or three international transfers, respectively.
After July 8, 2022: for Premium plan customers, a discount of 20% will apply on every international transfer. Metal plan customers will benefit from a 40% discount.
What Are Good Alternatives To Revolut Business?
Popular alternatives include N26, which doesn’t charge commissions on foreign currencies. This is a good option if you travel regularly. Monzo is a good alternative for UK-based residents as its app replaces the traditional current account without any day-to-day fees. Alternatively, Transferwise allows you to hold up to 40 currencies in one account and is available worldwide.