⚡ Revolut in a nutshell
- 🌍
Best multi-currency account — exchange 36 currencies at interbank rates. Revolut holds your money in multiple currencies simultaneously. Convert at the interbank rate (best available) up to your plan limit — £1,000/month free on Standard, unlimited on Metal.
- 📱
Everything in one app — banking, stocks, crypto, savings, insurance. Revolut combines current account, multi-currency wallet, stock trading (fractional), crypto (250+ coins), savings vaults, travel insurance and more in a single app.
- 💳
No foreign transaction fees on card payments (to plan limits). Revolut card charges no FX fee on card transactions up to your monthly limit. Standard: £1,000 free then 0.5%. Metal: unlimited free FX. A major saving vs. traditional bank cards (typically 2.99%).
- 💰
0.12% stock trading fee (min £1) — low but not zero. Revolut is not a zero-commission broker. 0.12% per trade (minimum £1 cap) — cheaper than HL (0.45%) but above zero-commission brokers like Freetrade or Trading 212. ISA available on Premium/Metal.
- ⚠️
UK banking licence received 2024 — FSCS status now applies to UK banking deposits. Revolut received a full UK banking licence in 2024. UK banking deposits are now FSCS protected up to £85,000. Verify current status at revolut.com.
⚠️ What to watch out for
- ⚠ UK FSCS protection changed in 2024 when Revolut received UK banking licence — verify current protection details at revolut.com
- ⚠ FX free tier limits per plan — heavy FX users need paid plan
- ⚠ 0.12% stock fee + £1 minimum is not free — active traders should use Freetrade, Trading 212 or IBKR
- ⚠ Crypto on Revolut may not be transferable to external wallets on all plans — check current policy
- ⚠ Customer support rated below traditional banks — chat only, no phone
WhichBrokr Category Ratings
Overview
Revolut was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko in London as a travel money card and has grown to 50 million users across 35+ countries. It received an EU banking licence from the Bank of Lithuania in 2021 and a UK banking licence in 2024 — transforming from an e-money institution to a fully licensed bank in its core markets.
The core use case remains international money management: holding and spending in 36 currencies at the interbank rate, with no foreign transaction fees on card spending up to plan limits. But Revolut has expanded into adjacent financial services: stock trading (6,000+ stocks, 0.12% fee), crypto (250+ coins), savings vaults (competitive interest rates), travel insurance, and business accounts.
For UK and European residents who travel frequently or hold/spend in multiple currencies, Revolut is unmatched in its breadth of international financial tools at competitive prices. For UK investment accounts (Stocks & Shares ISA), Revolut is available on Premium and Metal plans — though zero-commission brokers (Freetrade, Trading 212) remain cheaper for active stock investors.
Pros & Cons
✅ Pros
- Multi-currency account — 36 currencies at interbank rates
- 50 million users — proven global scale
- 0% FX fee to plan limits on card spending and transfers
- Stock trading 6,000+ shares — fractional available
- Crypto 250+ coins
- Savings vaults with competitive interest rates
- UK banking licence received 2024
- Travel insurance on Metal plan
- Business accounts available
❌ Cons
- 0.12% stock fee (min £1) — not zero; active traders should use a dedicated broker
- FX free limits per plan — heavy international users need paid plan (£9.99+/month)
- Weekend FX markup (1%) on currency exchange — convert on weekdays
- Not available in all countries
- Customer support chat-only — no phone
🔍 Broker Audit Report
A structured assessment across 5 pillars — regulation, tax/legal, costs, features and platform accessibility. Updated July 2026.
🛡️
1. Legal Entity & Capital Protection
Revolut's evolving regulatory status
UK
Revolut Ltd — UK banking licence received 2024. UK deposits now FSCS protected up to £85,000. Verify current status at revolut.com/en-GB/legal.
EU
Revolut Bank UAB — Licensed by the Bank of Lithuania. EU deposits protected under Lithuanian DGS up to €100,000 per depositor.
Stocks (UK)
Revolut Trading Ltd — FCA regulated. Investments carry market risk; not FSCS protected for investment losses.
Crypto
Revolut Ltd is FCA registered for cryptoasset services. Crypto not protected by FSCS or bank deposit insurance.
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2. Tax Notes
Tax-advantaged accounts on Revolut
Stocks & Shares ISA (UK)
✅ Available on Premium (£9.99/month) and Metal (£16.99/month) plans. Annual £20,000 ISA allowance.
SIPP / LISA
❌ Not available — use HL, AJ Bell or Vanguard for pension accounts.
Crypto tax
Revolut provides transaction history for crypto tax filing. Third-party integration (Koinly) available.
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3. Total Cost of Ownership
Revolut plan pricing and trading fees
Standard plan
Free — £1,000/month FX allowance then 0.5%; 1 free stock trade/month, then 0.12% (min £1).
Premium plan
£9.99/month — unlimited FX (weekday rate), 3 free stock trades/month then 0.12%, ISA access.
Metal plan
£16.99/month — unlimited FX including weekends (via Metal rate), 5 free trades/month then 0.12%, travel insurance.
Stock trading fee
0.12% per trade (min £1 cap) above your plan's free trade allowance.
Weekend FX markup
1% markup on FX exchange during weekends — convert on weekdays to avoid.
📈
4. Asset Catalogue
Stocks, crypto, savings and FX
Stocks
6,000+ — UK, US, EU markets. Fractional shares from £1.
Crypto
250+ coins — BTC, ETH and altcoins.
Savings
Competitive flexible savings vaults — rates vary by currency and plan.
Currencies
36 currencies — hold, convert, spend at interbank rates.
Commodities
Gold and silver — price-linked exposure (not physical ownership).
Bonds/ETFs
❌ Not currently available
🖥️
5. Platform
The Revolut super-app
Mobile App
✅ iOS 4.8★ / Android 4.7★ — one of the highest-rated fintech apps globally
Web App
✅ revolut.com — banking and savings accessible. Limited trading.
Stock Trading UI
Clean, fractional-friendly interface — simple but less powerful than dedicated brokers
Crypto UI
Simple buy/sell — less advanced than Coinbase/Kraken
Customer Support
Chat only — no phone. Response times can be hours.
Fees 4.1 / 5
Revolut's value depends on your use case. International FX and travel: excellent value. Stock trading: 0.12% is competitive but not free — dedicated zero-commission brokers are cheaper for active traders.
| Fee type | Revolut | Market Average |
|---|
| Stock trading fee | 0.12% (min £1) | 0%–0.45% |
| FX (weekday, to limits) | 0% / interbank rate | 1%–3.99% |
| ISA access | Premium+ plan (£9.99/mo) | Often free |
| Crypto | 250+ coins via app | — |
| Weekend FX markup | 1% | 0%–1% |
| Monthly plan cost | £0–£16.99 | — |
Safety & Regulation 3.9 / 5
| UK banking licence | ✅ Received 2024 — FSCS up to £85k (verify current) |
| EU bank licence | ✅ Revolut Bank UAB (Lithuania) — DGS up to €100k |
| FCA regulated (stocks) | ✅ Revolut Trading Ltd |
| FCA crypto registered | ✅ |
| Founded | 2015 (11 years) |
| Users | 50 million+ |
Products & Asset Catalogue 4.3 / 5
| Stocks | 6,000+ |
| Crypto | 250+ coins |
| Currencies | 36 |
| Savings | ✅ Flexible vaults |
| ISA (UK) | ✅ Premium/Metal |
| SIPP | ❌ |
What investors say about Revolut
Community voice — strengths & concerns
Most praised
- FX rates praised as "genuinely interbank — best I've found anywhere"
- App rated one of the best banking apps globally
- Crypto and stocks in one account praised for simplicity
- UK banking licence praised as significant trust upgrade
Common complaints
- Customer support slowness most-cited complaint — "waited 3 days for a chat response"
- Free plan FX limits frustrate heavy international users
- 0.12% stock fee not free — "Trading 212 costs nothing"
- Weekend FX markup a hidden cost on large transactions
Based on user reviews on Trustpilot, Reddit, App Store and Google Play ratings. Data collected Jan–Jun 2026.
Verdict
WhichBrokr's Take
Revolut is the best all-in-one financial app for internationally mobile UK and European users. The combination of interbank FX rates (36 currencies), stock trading, crypto, savings, and UK/EU banking licences makes it uniquely comprehensive for people who need to manage money across borders.
For dedicated stock investing (ISA), a zero-commission broker (Freetrade, Trading 212) beats Revolut's 0.12% fee. For international FX and travel, Revolut Premium is excellent value.
Best for: Internationally mobile UK/EU users wanting banking, FX, stocks and crypto in one app. Frequent travellers and expats. Not ideal for: Active stock traders (use a zero-commission broker), investors wanting lowest ISA fees, or those needing a SIPP.
Frequently Asked Questions
| Is Revolut FSCS protected in the UK? | Revolut received a full UK banking licence in 2024. UK banking deposits are now FSCS protected up to £85,000. Investment products (stocks, crypto) are not FSCS protected. Check revolut.com for current details. |
| What are Revolut's stock trading fees? | 0.12% per trade (minimum £1 cap) above your plan's free trade allowance (1–5 free trades/month depending on plan). Cheaper than HL (0.45%) but not zero — dedicated zero-commission brokers (Freetrade, Trading 212) charge nothing per trade. |
| Can I hold an ISA on Revolut? | Yes — Stocks & Shares ISA available on Premium (£9.99/month) and Metal (£16.99/month) plans only. |
| Why does Revolut charge more on weekends? | Revolut adds a 1% markup on currency conversions during weekends because forex markets are closed and Revolut bears overnight rate risk. Convert currencies on weekdays for the interbank rate. |
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