Revolut Fees Review
Revolut trading fees
Revolut offers a limited number of commission-free trades each month, depending on your account plan. Once you exceed this allowance, a fee applies to each additional trade.The minimum commission is £1. Ultra plan users pay 0.12% of the order value, while Standard, Plus, Premium, and Metal account holders are charged 0.25% per trade.
Experts advise examining the fees associated with the Revolut investment account because it offers numerous advantages to all prospective investors. A Revolut trader's investment journey becomes more transparent when they are aware of Revolut fees. This allows for better risk management and evaluation of the possible impact on performance and ensures investors are comfortable with the cost structure before committing to the platform. Investors can effectively budget and prevent unforeseen expenses that could jeopardize their financial goals by being aware of the fees ahead of time. By contrasting the Revolut trading fees with those of other leading investment platforms, traders can select the most cost-effective options.
Potential investors and traders should evaluate Revolut brokerage account fees before committing to the platform. This article provides a clear overview of Revolut trading fees and other costs associated with investing on the platform.
What fees do you pay on Revolut?
Whichever account tier you currently hold will dictate which features and fees apply to your Revolut account. Account holders of Premium and Metal accounts pay a monthly subscription fee to access extra features like greater withdrawal limits, travel insurance, and other benefits. There might be costs involved in purchasing, selling, or transferring cryptocurrencies if you use Revolut's cryptocurrency services. Fees apply once more for international transfers, currency conversion, and out-of-network ATM withdrawals.
Are Revolut fees high?
Revolut typically offers low commissions (fees) for trading stocks and ETFs. Consumers love the Revolut app for its user-friendliness and incredibly low exchange and money transfer fees. The fees for trades exceeding your plan allowance are reasonable and not excessively high.
Are there hidden fees with Revolut?
Charges that are either not immediately apparent or not disclosed are usually referred to as hidden fees. Revolut is well known for having a transparent fee structure. Revolut never charges unexpected fees; everything is always made very clear. If there are any unstated costs, they are probably incurred by the third-party platform that is processing your order.
How much money do I need to open a Revolut account?
Generally, Revolut does not require an initial deposit for users to open a standard account. Although you can open a Revolut Standard account with no money, you must add funds to conduct transactions, especially if you wish to use services for currency exchange or make purchases.
Revolut offers premium account options, which come with additional features, but they also involve subscription fees. To upgrade, you must pay the applicable fee, which varies depending on the type of premium account you choose.
Revolut commission and fees
Revolut offers a wide range of investment options, including the ability to buy shares of 800 different companies and precious metals for as little as $1. Revolut accounts come with fees and commissions for activities such as trading and investing.
Revolut fees differ amongst the five account types that consumers can open. Consumers have the option of a free standard account, a £3.99/month Plus account, a £7.99/month Revolut Premium account, a £14.99/month Revolut Metal account, or a £45 Ultra account.
Revolut's Standard and Premium users can now access its free stock trading feature. Within the monthly allotment of your plan, you will be permitted to make a specific number of trades without incurring commissions. You can make three free trades per month if you have a free standard account. Revolut Metal and Ultra account holders can make ten trades per month, while Revolut Premium customers can make eight free trades.
Other Revolut fees that you should be aware of include
Custody fees are a monthly charge of 0.12% / 12 bps (annually assessed) of the market value of the assets you hold.
Depositary banks impose ADR pass-through fees based on your ADR holdings. ADR pass-through fees usually cost between $0.01 and $0.05 per share.
When you transfer funds from your primary account to USD, you will be charged currency exchange (FX) fees.
Regulatory fees encompass the charges imposed by regulatory bodies such as the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) on brokerage firms engaged in U.S. stock transactions. The SEC levies an $8.00 fee per $1,000,000 of sold principal, rounded to the nearest cent. FINRA charges brokerage firms a small fee for each sell order to defray oversight and regulatory expenses. The fee structure is based on a per-share price of $0.000145, with the fee range spanning from $0.01 as the minimum to $7.27 as the maximum. This fee is commonly referred to as the Trading Activity Fee (TAF).
| Account | Fee Level | Fee Terms |
|---|---|---|
Standard account | Low |
|
Plus account | Average |
|
Premium account | Average |
|
Metal account | High |
|
Ultra | High |
|
Are Revolut fees high?
Revolut typically offers low commissions (fees) for trading stocks and ETFs. Consumers love the Revolut app for its user-friendliness and incredibly low exchange and money transfer fees. Each month, there are 10 free stock trades available for metal accounts; for "premium" accounts, there are three free trades; for "plus" accounts, there are five free trades; and for standard accounts, there is one free trade. The commission after that is either €1 or 0.25%.
Stock trading costs
| Stocks | Fidelity | eToro | Revolut |
|---|---|---|---|
U.S. stocks | $0.0 | $0.0 | 0.000145 per share, with a $0.01 minimum and a $7.27 maximum charge |
UK stocks | 1.50 GBP (£) to 9 GBP (£) | £0 | 0.25% or €1 |
German stocks | 19 EUR(€) | Free of charge (Some ETFs are not free) | There is a minimum charge of 1 EUR and a variable fee of 0.25% per trade (0.12% for Ultra). |
Note:
For stock trading, Revolut charges 0.25% of the order amount or a minimum fee that differs by country, whichever is higher. The commission rate is halved to 0.12% for Ultra customers.
Crypto fees
Non-trading fees
A non-trading fee might apply if you use a brokerage for purposes other than trading. On the Revolut platform, fees like withdrawal, deposit, inactivity, and account fees are considered non-trading fees since they have no direct connection to the purchase or sale of assets. The Revolut fees listed below are for non-trading activities.
Deposit fee
On the Revolut trading platform, there is no deposit fee. This implies that traders incur no fees when they fund their trading or investment account. Your brokerage account will show the exact amount you sent with one of Revolut's deposit options.
Withdrawal fee
When a trader tries to withdraw their profits from a broker, they are assessed fees known as withdrawal fees, which are comparable to deposit fees. While withdrawing funds from your Revolut investment wallet, no commission is required.
Inactivity fee
Revolut does not impose an inactivity fee, so you will not be penalized for being inactive even if you have not traded for months or years.
Account fee
Revolut imposes account fees (0.12%) on traders.
Does Revolut charge for transfers?
Revolut transfer prices vary depending on the type of transfer and where it ends up. Some common fees are:
| Real-time payments between Revolut users | Free |
|---|---|
Local domestic transfers in the UK | Free |
Money transfers within the SEPA zone | Free |
International payments outside of SEPA | £0.30–£5.00, depending on size |
Bank transfers to external accounts | 1.0% of the transfer value, with a minimum fee of USD$1.00 |
Card transfers to external accounts | 3.0% of the transfer amount, with a $1.00 minimum fee |
Non-Revolut charges from intermediary banks | $15 to $50 for transfers via SWIFT |
If you transfer more money to external accounts than your plan allows, you may be charged for exchangingcurrencies in addition to the cost of sending or receiving transfers, which starts at £0.2. Payments in the UK made in GBP and SEPA EUR transfers are free; however, transfers made in PLN from the UK or Switzerland to Poland will incur a 4 PLN fee. Fees for transfers to Ukraine are nonexistent; they will not be deducted from your plan allowance, and there will not be any costs associated with exchanging currencies involving Ukrainian currency.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
