My opinion on Revolut
Revolut offers a modern financial platform with a strong focus on multi-currency management, international money transfers, and a user-friendly mobile app.Fees for currency exchange are competitive compared to traditional banks, while stock and crypto trading is available but comes with relatively high commissions—particularly for crypto assets.Asset variety remains very limited for Canadian users: only US stocks (in small numbers), basic crypto, select precious metals, and classic currency exchange are accessible, without advanced CFDs, ETFs, or leveraged forex typically found with global brokers.Regulation is a key weakness for traders in Canada, as Revolut is not an IIROC-licensed investment dealer; investor protections such as CIPF do not apply.Revolut’s features like instant transfers, budgeting tools, and simple account opening are highlights, but limitations in tradeable products and lack of local regulation make it less suitable for active investors compared to Questrade or Qtrade.Founded in 2015 and serving millions of users worldwide, Revolut receives generally positive feedback and is rated 4.2/5 on Trustpilot from over 150,000 reviews.Relative to competitors, Revolut is best for low-cost currency management but is not a comprehensive investment platform for Canadians.In my experience, Revolut is best suited for the following trader profiles:
➡️ Frequent travelers and expats: Ideal for users who need fast, low-cost multi-currency exchange, international money transfers, and instant payments abroad.
➡️ Casual investors exploring basic trading: Suitable for those interested in occasional purchases of US stocks or popular cryptocurrencies without advanced tools or deep research.
➡️ Budget-conscious users seeking intuitive mobile finance tools: Great for managing spending, budgeting, and holding multiple currencies, all in one streamlined app.
- ✅No minimum deposit—open an account and fund it with any amount
- ✅Extremely user-friendly mobile and web platforms
- ✅Competitive exchange rates and low currency conversion fees (excellent for frequent travelers and international money management)
- ✅Zero commissions on limited stock trades each month (depending on plan)
- ✅Wide selection of 100+ cryptocurrencies available in some regions
- ✅Integrated budgeting and analytics tools
- ✅Instant same-day transfers and fast funding/withdrawals
- ✅24/7 customer support for Premium/Metal users
- ✅Multi-currency accounts supporting 36+ fiat currencies
- ✅Free and straightforward account opening process
- ❌Not a licensed investment dealer in Canada; no CIPF investor protection
- ❌Very limited access to tradable assets for Canadian users—mainly basic stocks/crypto and currency exchange
- ❌Crypto fees are higher than leading exchanges (1.5–2.5%)
- ❌Stock trading limited to US-listed stocks; no ETFs, options, or Canadian equities
- ❌Commodities accessible only as e-money exposure; no CFDs or leveraged trading
- ❌No demo account or paper trading mode available
- ❌No leveraged forex or margin trading for Canadians
- ❌Not suitable for advanced traders: lacks desktop platforms, advanced order types, or direct market access
- ❌No Islamic (swap-free) accounts or bespoke trading features
- ❌Custodial crypto wallet only—users have no access to private keys
- ❌Staking and crypto lending unavailable for Canadian users
Score- ✅No minimum deposit—open an account and fund it with any amount
- ✅Extremely user-friendly mobile and web platforms
- ✅Competitive exchange rates and low currency conversion fees (excellent for frequent travelers and international money management)
- ✅Zero commissions on limited stock trades each month (depending on plan)
- ✅Wide selection of 100+ cryptocurrencies available in some regions
- ✅Integrated budgeting and analytics tools
- ✅Instant same-day transfers and fast funding/withdrawals
- ✅24/7 customer support for Premium/Metal users
- ✅Multi-currency accounts supporting 36+ fiat currencies
- ✅Free and straightforward account opening process
My opinion on Revolut
- ✅No minimum deposit—open an account and fund it with any amount
- ✅Extremely user-friendly mobile and web platforms
- ✅Competitive exchange rates and low currency conversion fees (excellent for frequent travelers and international money management)
- ✅Zero commissions on limited stock trades each month (depending on plan)
- ✅Wide selection of 100+ cryptocurrencies available in some regions
- ✅Integrated budgeting and analytics tools
- ✅Instant same-day transfers and fast funding/withdrawals
- ✅24/7 customer support for Premium/Metal users
- ✅Multi-currency accounts supporting 36+ fiat currencies
- ✅Free and straightforward account opening process
- ❌Not a licensed investment dealer in Canada; no CIPF investor protection
- ❌Very limited access to tradable assets for Canadian users—mainly basic stocks/crypto and currency exchange
- ❌Crypto fees are higher than leading exchanges (1.5–2.5%)
- ❌Stock trading limited to US-listed stocks; no ETFs, options, or Canadian equities
- ❌Commodities accessible only as e-money exposure; no CFDs or leveraged trading
- ❌No demo account or paper trading mode available
- ❌No leveraged forex or margin trading for Canadians
- ❌Not suitable for advanced traders: lacks desktop platforms, advanced order types, or direct market access
- ❌No Islamic (swap-free) accounts or bespoke trading features
- ❌Custodial crypto wallet only—users have no access to private keys
- ❌Staking and crypto lending unavailable for Canadian users
Score- ✅No minimum deposit—open an account and fund it with any amount
- ✅Extremely user-friendly mobile and web platforms
- ✅Competitive exchange rates and low currency conversion fees (excellent for frequent travelers and international money management)
- ✅Zero commissions on limited stock trades each month (depending on plan)
- ✅Wide selection of 100+ cryptocurrencies available in some regions
- ✅Integrated budgeting and analytics tools
- ✅Instant same-day transfers and fast funding/withdrawals
- ✅24/7 customer support for Premium/Metal users
- ✅Multi-currency accounts supporting 36+ fiat currencies
- ✅Free and straightforward account opening process
Why trust Hellosafe?
I personally opened and funded a Revolut account to see how it works for Canadians, using its main features like currency exchange, money transfers, and where possible, its trading functionalities. I paid close attention to fees, how easy the app is to use, quality of customer support, and the practical differences between basic and upgraded plans. Throughout, I compared my experience using Revolut with several regulated Canadian brokers I’ve traded with in the past.
From my direct hands-on testing, Revolut excels as a modern, user-friendly way to hold and exchange foreign currencies on the go, with strong budgeting tools and instant notifications. However, I found that for trading or investing, options for Canadians are very limited, and investor protection isn’t on par with what Canadian-regulated brokers provide. Crypto fees are also notably higher than competitors.
My opinion is built on what I actually experienced—not just what’s advertised. If you’re considering Revolut for trading or investing, I want you to have this real-world perspective so you can make an informed choice about whether it fits your needs or if a traditional Canadian broker would serve you better.
Revolut at a glance
| Fonctionnalité | Détail |
|---|---|
| 💰 Minimum deposit | $0 (no minimum to open or fund an account) |
| 🛡️ Regulation | FCA (UK, e-money/Bank), Bank of Lithuania (EU), not a licensed investment dealer in Canada |
| 🪙 Crypto license | Yes (registered as a Virtual Asset Service Provider in EU/UK; crypto access in-app) |
| 📝 FSMA registration | No (not registered with Belgium’s FSMA) |
| 📈 Available assets | 4,000+ US stocks, 100+ cryptocurrencies, gold/silver (not all available in Canada) |
| 📊 Trading platforms | Revolut mobile app (iOS, Android), Web platform, Revolut X (crypto, web-based) |
| 🛠️ Trading tools | Multi-currency accounts, instant exchange, basic order types, budgeting tools, price alerts |
| 🧪 Demo account | Not available |
| ☪️ Islamic account | Not available |
| 🔑 Key order types | Market, limit, stop, market-on-open (for stocks) |
| ⚡ Leverage | None for stocks/crypto; spot only. CFDs/leverage not available in Canada |
| 💸 Fees | Free trades up to monthly limits, then $1–$3/trade (stocks); crypto: 1.5–2.5% fee; FX markup |
| 📞 Customer support | In-app chat, email; 24/7 for Premium/Metal users, limited for Standard |
| 🌟 Trustpilot reviews | 4.2 / 5 (150,000+ reviews, as of July 2025) |
Security & Regulation
Revolut provides a convenient, user-friendly way to manage money, exchange currencies, and access some investment products, but I view its security and reliability for Canadian users as average at best. The platform is not licensed as a bank or investment dealer in Canada, which means it operates without oversight from IIROC or CIPF protection—two key safeguards for Canadian investors. Regulatory coverage is via the FCA (UK) and the Bank of Lithuania, relevant abroad but holding little weight in the Canadian market.
For fund security, Revolut employs standard e-money segregation for client balances and claims to keep crypto assets in secure custodial arrangements. However, investors have no claim on physical crypto assets or proof-of-reserves, and there is no assurance under Canadian deposit or investor protection schemes.
Revolut offers two-factor authentication and basic app security, but there’s no negative balance protection or advanced risk tools for Canadian clients. Its notoriety is substantial, with a large global user base and high Trustpilot scores, yet the absence of a local track record and frequent user complaints about customer service and occasional account freezes temper my confidence for higher-risk portfolio use in Canada.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | Regulated as an e-money institution (FCA UK, Bank of Lithuania); not licensed in Canada for investing or banking services | 2/5 |
| Fund security | Segregated e-money accounts; custodial crypto wallets; no CIPF or CDIC protection or proof-of-reserves for Canadian users | 2.5/5 |
| Risk management tools | 2FA and app security; lacks advanced risk management and investor-side protection such as negative balance protection | 2.5/5 |
| Notoriety and coverage | Large international user base, good reputation for payments, Trustpilot 4.2/5, but limited reliability for Canadian traders | 3.5/5 |
Fees, Spreads & Commissions
Revolut’s fee structure is best described as simple for day-to-day banking and currency exchange, but it becomes less competitive when moving into trading or investing, especially for Canadian users. Account opening and maintenance are free across all account types, but the investment products, especially stock and crypto trading, quickly incur costs that can exceed what many major Canadian brokers charge.
US stock trading on Revolut is commission-free up to a monthly quota—usually 1 trade for Standard users and up to 10 for Premium accounts. Once you hit that limit, a flat fee of about $1–$3 per trade applies. While this can suit low-frequency investors, active traders will quickly run into these limits, and the per-trade fee can outweigh small-commission brokers like Questrade. Currency conversion costs are another important consideration: Revolut uses close-to-interbank rates, but applies an extra 0.5% markup on weekends and above-plan limits, which is higher than most domestic platforms for large volumes or frequent conversions.
Crypto trading costs at Revolut are, in my opinion, quite steep compared to global crypto exchanges and some CFD platforms. Most account tiers pay a commission of 1.5%–2.5% per trade, plus the difference in bid/ask spread, making it unsuitable for scalping or frequent rebalancing. There are no explicit custody or overnight fees since crypto is held in a custodial wallet (not user-owned). Transfer fees can also apply, especially when moving crypto out of the platform, and are not always transparent in-app.
While hidden fees are generally avoided, limitations in market access and regulatory coverage, especially for Canadian residents, can add indirect costs—such as limited product range or the need to use other services for more advanced trading. For most, Revolut is best leveraged as a low-cost multi-currency wallet and travel companion, not a primary broker for stock or crypto trading.
What are the account-related fees?
| Fee Type | Conditions at Revolut | Market Average |
|---|---|---|
| Opening fee | $0 | $0 |
| Maintenance fee | $0 (all account types) | $0 – $20/year |
| Withdrawal fee | $0 up to monthly limit; then $1–$3 per withdrawal | $0 – $2 |
| Inactivity fee | $0 | $0 – $25/quarter |
| Currency conversion fee | 0–0.5% markup (weekend/limits); interbank on weekdays | 0.2–1% (typical) |
Trader tip (Trip)
To reduce trading costs on Revolut, use the free monthly stock trades included in your plan and batch currency exchanges during weekdays to avoid the 0.5% weekend markup. For frequent crypto trading, consider a specialized platform with lower commissions and tighter spreads.
What are the fees on stocks and ETFs?
For US stocks, Revolut is competitive only for infrequent traders: commission-free trades are limited by account tier (Standard: 1/month, Plus: 3/month, Premium: 8/month, Metal: 10/month), after which a flat fee of $1–$3 per trade applies. There are no explicit custody or overnight fees, but you must monitor for possible market-impact fees and regulatory charges like UK stamp duty (not generally relevant for US stocks on Revolut).
| Fee Type | Conditions at Revolut | Market Average |
|---|---|---|
| Commission | $0 for up to 1–10 trades/mo; then $1–$3 per trade | $0–$9.95/trade |
| Spread fee | Built into market price; typically minor for large-cap US stocks | $0.01–$0.03/share |
| Overnight fee | $0 (spot only; no margin or leveraged stocks) | $0 (spot), up to $5/day |
| Custody fee | $0 | $0–$20/year |
| UK stamp duty tax | Not applied on US stocks | 0.5% (UK stocks only) |
What are the fees on cryptocurrencies?
Crypto trading on Revolut is straightforward but costly for high-frequency or large-size trades. Buy/sell commissions range from 1.5% to 2.5% based on account status, with variable bid/ask spreads. No overnight or custody fees are charged since assets remain in Revolut’s custodial wallet. Transfer fees apply when moving crypto off-platform and these can be higher—or less transparent—than mainstream crypto exchanges.
| Fee Type | Conditions at Revolut | Market Average (crypto or CFD brokers) |
|---|---|---|
| Buy/sell fees | 1.5%–2.5% per trade | 0.1%–1.5% |
| Spread fees | Variable, typically 0.5%–2% | 0.1%–2% |
| Overnight fees | $0 | 0–$10/day (spot: $0; CFD: varies) |
| Custody fees | $0 (custodial wallet; not user-controlled) | $0 (spot); 0–2%/year (some CFDs) |
| Transfer fees | $1–$5 or % of transaction (variable for blockchain) | $0–$5, depends on network & broker |
Assets & Markets
Revolut’s asset selection for Canadian users is focused primarily on core digital features rather than a comprehensive range of global investments. I find the standout strength is multi-currency management, allowing seamless real-time exchange across more than 30 major and minor currencies—ideal for those needing efficient international money movement or frequent travel spending. Exchange fees are generally competitive for small-to-medium transactions, but the absence of leveraged forex trading options distinguishes Revolut from classic multi-asset brokers.
For equities, Revolut does offer spot trading in approximately 4,000 US-listed stocks, albeit with trade limits tied to the user’s plan and without access to Canadian, European, or Asian equities. This is a much narrower universe than what’s available with IIROC-regulated Canadian brokers, and commission-free trades are constrained by limited monthly quotas. There are currently no ETFs, either spot or CFD, and no access to index or commodity trading beyond their proprietary “e-money” model for gold and silver—which lets you track metals prices, but does not grant actual physical or CFD-based exposure.
Crypto coverage is relatively broad with well over 100 coins and tokens available internationally, and spot trading is enabled via a built-in custodial wallet. However, availability of specific tokens and features—such as staking—may be restricted in Canada, and the fees on crypto trades are notably higher than leading North American exchanges. There is no access to true crypto derivatives, staking, lending, or NFTs, so Revolut appeals mainly to users who want simple buy/sell/hold functionality inside a convenient mobile environment.
Revolut does not currently offer direct trading in bonds, mutual funds, or advanced derivatives like options and futures. For most Canadian investors, the lack of IIROC regulation, no protection from CIPF, and the limited selection of investable products present significant trade-offs against the convenience of app-based management and real-time global payment tools.
| Asset Class | Type | Number at Revolut | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | Spot (US-listed only) | 4,000+ | 5,000–10,000 (global) | Apple, Tesla, Amazon, Microsoft |
| ETFs | Not available | 0 | 500–2,000 | — |
| Cryptocurrencies | Spot | 100+ | 20–200 | Bitcoin (BTC), Ethereum (ETH), Solana (SOL) |
| Currencies | Exchange only (no FX) | 30+ | 40–70 | CAD, USD, EUR, GBP |
| Commodities | E-money (Gold/Silver) | 2 | 5–50 (CFDs/spot) | Gold, Silver |
| Indices | Not available | 0 | 10–30 | — |
| Bonds | Not available | 0 | 50–150 | — |
| Stablecoins | Spot (selected tokens) | Limited (region-specific) | 5–20 | USDT, USDC |
| NFTs | Not available | 0 | 20–100 | — |
| Other derivatives | Not available | 0 | 20–100 | — |
Trading Tools & Apps
Revolut delivers a versatile financial app environment with an intuitive mobile-first interface. The app excels in ergonomics: navigation is seamless, and the overall user experience is tailored for quick, straightforward actions—ideal for those seeking simplicity in currency exchange, payments, or spot crypto and US stock trading. Trading and investing elements are tightly integrated with budgeting and everyday banking, but the app does not resemble a specialized trading terminal.
The platform’s functionality focuses on accessibility. Stock purchases are spot-only and limited to US-listed shares; order entry is straightforward with market, limit, and stop options, but there is no support for complex order types like OCO, trailing stops, or bracket orders. The lack of advanced desktop or professional interfaces means experienced traders may find the tools insufficient for anything beyond simple, long-only strategies.
In terms of crypto, the app serves as a basic custodial wallet, allowing for the spot purchase, sale, and storage of 100+ cryptocurrencies. Execution tools are limited to simple buy/sell transactions—there are no options for direct wallet withdrawals, staking, lending, or DeFi access. The advanced “Revolut X” crypto exchange, where supported, offers a broader asset suite and lower fees, but automation features and professional-level charting remain absent.
For technical analysis, charting is basic, with only essential price views and a handful of core indicators. There is no integration with platforms like MetaTrader 4/5, TradingView, or application programming interfaces (APIs) for algorithmic or auto trading. This restricts the platform’s suitability to casual users, as copy trading, custom scripting, and programmable strategies are not supported. Asset discovery and filtering are optimized for user-friendliness but are simplistic compared to specialized broker screens.
While Revolut offers negative balance protection by design—no leveraged forex or CFD products for retail clients in Canada—the absence of demo trading means users cannot trial strategies before going live. Staking and earn features for crypto assets are not present, leaving the app best-suited for travelers or those seeking fast, simple access to basic trading functionalities.
| Feature | Verified Details |
|---|---|
| Mobile app | Proprietary Revolut app (iOS/Android); no MetaTrader, TradingView, or third-party crypto wallet |
| Usability | Highly fluid, beginner-friendly; prioritizes simplicity over customization |
| Compatible software | Proprietary platform only; no MetaTrader 4/5, TradingView, or external API integration |
| Order types | Market, limit, stop (for stocks/crypto); no trailing stop, OCO, or advanced order capabilities |
| Charting and technical analysis | Basic charts, limited built-in indicators; no advanced charting or TradingView-level tools |
| Auto trading / Automated strategies | Not available; no EAs, copy trading, or bots |
| Algorithmic trading | Not supported; no coding or scripting tools |
| Negative balance protection | Yes; leveraged trading not available for retail customers in Canada |
| Trading signals | None; no built-in signals or signal marketplaces |
| Asset search and filters | Basic search/filter for stocks and crypto |
| Spot stock purchase | US stocks only, spot purchase (not CFD); no Canadian stocks or ETFs |
| Staking and earn | Not available for Canadian users |
Trader Tip
Maximize security and usage flexibility by enabling two-factor authentication in your Revolut app, and set up price alerts to monitor desired crypto or stock entry points. For order planning or risk control, start with small position sizes and use the built-in stop/limit orders to mitigate exposure, as the platform does not offer demo trading or advanced protective orders.
Account Opening and Deposits
Account opening
To open an account with Revolut, begin by downloading the Revolut app or visiting their official website. Complete the initial registration form with your personal and contact details. Next, you’ll be guided through KYC identity verification: submit a photo of a valid government-issued ID (such as your passport or driver’s license), and sometimes provide a selfie and proof of address. Revolut asks regulatory questions to confirm your residency and source of funds in line with global and local requirements. The document upload is completed in-app, and the validation process is usually fast—accounts are verified within minutes, but it can take longer during busy periods or if additional checks are needed. Once your verification is approved, you’ll receive a confirmation email and can start exploring account features and fund options.
Good to know
If you plan to hold or transact in specific currencies, select your base (primary) account currency during the sign-up process—this helps minimize conversion charges when you deposit or spend.
| Item | Details |
|---|---|
| Opening procedure | Complete sign-up on app/website, verify ID, answer regulatory/KYC questions, upload docs |
| Validation time | Typically instant to a few hours; may be 1–2 days if flagged for review |
| Accepted deposit methods | Debit/credit card, bank transfer, Apple Pay/Google Pay |
| Minimum required deposit | $0—account can be opened and funded with any amount |
| Required documents | Government-issued ID, (sometimes) proof of address, selfie photo |
| Practical tip | Use a recent utility bill or bank statement with matching address for faster verification |
Deposits and withdrawals on Revolut
Depositing funds into your Revolut account is possible via debit or credit card, bank transfer (including local and SWIFT), or through Apple Pay/Google Pay. Supported currencies include CAD, USD, EUR, GBP, and 30+ others, all easily managed inside the app. Deposits initiated by card or Apple/Google Pay are typically instant, while bank transfers may take up to one business day. Most deposits are free, but your card provider or intermediary bank may charge extra fees. Withdrawals are available to linked bank accounts (via local or SWIFT transfer) and at ATMs using your Revolut card; processing usually takes 1–3 business days for bank withdrawals. Revolut provides an integrated account (not a traditional crypto wallet), and for crypto, you can buy/sell/top up balances, but not withdraw actual tokens—only fiat proceeds are withdrawable.
Good to know
Double-check deposit and withdrawal limits based on your Revolut plan, and always confirm whether your bank or card issuer adds processing fees—especially for international SWIFT transfers.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | CAD, USD, EUR, GBP, 30+ more | $0 | Instant | None from Revolut; card issuer fees possible |
| Bank transfer | CAD, USD, EUR, GBP, 30+ more | $0 | Up to 1 business day (local/SWIFT) | None (sending bank may charge for SWIFT) |
| E-wallets (Apple/Google) | CAD, USD, EUR, GBP, 30+ more | $0 | Instant | None |
| Stablecoins or cryptos | Not available for direct deposit/withdrawal* | – | – | – |
| Other local options | ATM withdrawals | Various (local currency) | $0 | Instant (card use); Limit-free for plan, then 2% fee |
Account Types
Revolut is a modern fintech platform offering digital banking, currency exchange, and a streamlined approach to buying US-listed stocks and crypto. While it is neither a traditional CFD/Forex broker nor a full-featured crypto exchange, Revolut provides a hybrid experience: multi-currency accounts, instant exchange, spot stock purchases, and access to a growing list of cryptocurrencies. There are no demo accounts, ECN accounts, or swap-free options, and more advanced trading features like leveraged CFDs are either unavailable or not supported for Canadian users. Registered, classic security, and tax-advantaged accounts are not offered. Revolut positions itself best for users who want a simple, app-based platform for international finance and accessible investing.
| Account Type | Available (✅/❌) | Main Features |
|---|---|---|
| Demo account | ❌ | Not available |
| Standard account | ✅ | Default for all users; multi-currency, e-money, stock and crypto access |
| Raw ECN account | ❌ | Not supported; no ECN or depth-of-market pricing |
| Islamic account | ❌ | No swap-free option; not available for Canadian users |
| Professional account | ❌ | Not offered; no dedicated tier for professionals or high-volume traders |
| CFD account | ❌ | Not available to Canadian users; only spot trading offered |
| Classic securities account | ❌ | No Canadian-style nominee or joint security accounts |
| Staking/earn account (crypto) | ❌ | Not supported in Canada; no crypto savings or staking products |
| Cold storage account (crypto) | ❌ | Crypto is custodial-only within Revolut; no direct off-platform or cold storage transfers |
| Tax-advantaged account | ❌ | No RRSP, TFSA, RESP, or other tax sheltering accounts |
| Accepted base currencies | ✅ | Multi-currency: CAD, USD, EUR, GBP, and 30+ others for exchange and storage |
Trip
For any platform supporting crypto or transfers in multiple currencies, always enable two-factor authentication (2FA) immediately when you open your account. This adds a vital extra layer of security to protect your funds and personal data.
How Revolut compares to competitors
How does Revolut compare to competitors?
| Feature | Revolut | Qtrade | IFC Markets | Questrade |
|---|---|---|---|---|
| Minimum deposit | $0 | $1 | $0 | |
| Number of instruments | Stocks, ETFs, Options, Mutual Funds, Bonds, GICs | 600+ (Forex, Crypto CFDs, Stock CFDs, Indices) | Thousands (Stocks, ETFs, Options, Bonds, Forex, CFDs) | |
| Spreads (examples) | Stocks/ETFs: $8.75/trade (100+ commission-free ETFs) | Forex: from 0.4 pips, Stocks: from $0.02/share | Stocks: $4.95–$9.95/trade, Forex: from 0.8 pips | |
| Trading platforms | Web, Mobile App | NetTradeX, MT4, MT5, Web, Mobile | Web (Trading/Edge), Desktop (Edge), Mobile | |
| Regulation | IIROC, CIPF Member | BVI FSC (Offshore) | IIROC, CIPF Member | |
| Demo account | ❌ | ❌ | ✅ | ✅ |
| Copy trading | ❌ | ❌ | ❌ | ❌ |
| Read the review | Read the review Qtrade | Read the review IFC Markets | Read the review Questrade |
Customer reviews
Revolut holds a Trustpilot rating of 4.2 out of 5, based on more than 150,000 reviews globally as of July 2025.
Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Easy and fast account opening process
- User-friendly mobile app interface
- Convenient currency exchange with competitive rates for travel
- Instant notifications and integrated budgeting tools
- Access to a variety of crypto and US stock investment features (where available)
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Customer support can be slow to resolve some issues
- High fees for crypto trading compared to specialist exchanges
- Limited investment options in Canada (mainly currency exchange and some US stocks)
- No demo or practice account
- Lack of investor protection in Canada (not IIROC regulated)
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
A.D. – 22/06/2025 : “Great for travel and currency exchange, but customer support can be slow at times.”
L.P. – 18/05/2025 : “Easy to use app, but wish there were more investment options in Canada.”
G.G. – 26/04/2025 : “Love the budgeting tools and instant notifications, but crypto fees are a bit high.”
FAQ
Is Revolut regulated in CA?
Revolut is not a licensed bank or investment dealer in Canada. While it is regulated by the FCA in the UK and holds an e-money license in the EU, its Canadian operations are limited to prepaid cards, currency exchange, and money transfers, with no direct local regulatory oversight for investment services.
What is the minimum deposit on Revolut?
There is no minimum deposit required to open a Revolut account. You can start using the app and its available financial services in Canada with any amount, making it accessible for a broad range of users.
Does Revolut offer a welcome bonus?
Revolut occasionally runs promotional offers such as referral rewards or cash bonuses for new users, but there is no guaranteed or standard welcome bonus for Canadian clients. Available incentives often change and may depend on specific campaigns at the time of sign-up.
How does leverage work on Revolut?
Revolut does not offer leveraged trading in Canada. Currency exchange involves only spot transactions with no margin or leverage, and stock or crypto trading is strictly unleveraged for Canadian clients, aligning with regulatory requirements.
How does Revolut make money?
Revolut’s primary revenue streams include spreads on currency exchange, fees on stock and crypto transactions, subscription fees for premium accounts, and additional charges for ATM withdrawals or transfers beyond free limits. Trading commissions apply when users exceed free monthly stock trades or transact in cryptocurrencies.
Who is behind Revolut?
Revolut was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. The company is headquartered in London, UK, and operates globally as a major fintech, supported by a range of venture capital investors and institutional partners.
When was Revolut launched?
Revolut launched in 2015, initially as a multi-currency account and payment app. Since then, it has expanded its services internationally, including limited support in Canada for money transfers, prepaid cards, and select investment products.
Does Revolut offer copy trading or social trading?
Copy trading and social trading features are not available in Canada. While Revolut has piloted such features in some international regions, these tools are not accessible for Canadian users.
How can I contact Revolut’s customer service?
Revolut provides customer service through in-app chat and email. Premium and Metal users get priority 24/7 support, while Standard account holders may experience more limited service hours. Support is primarily handled by international teams, but is available for users in Canada.
Does Revolut offer any promotions or referral programs?
Revolut frequently runs referral and promotional campaigns, where users may earn rewards for inviting friends or meeting certain criteria. The details and availability of these promotions vary over time, so it is advisable to check the official app or website for the latest offers.
Is Revolut regulated in CA?
Revolut is not a licensed bank or investment dealer in Canada. While it is regulated by the FCA in the UK and holds an e-money license in the EU, its Canadian operations are limited to prepaid cards, currency exchange, and money transfers, with no direct local regulatory oversight for investment services.
What is the minimum deposit on Revolut?
There is no minimum deposit required to open a Revolut account. You can start using the app and its available financial services in Canada with any amount, making it accessible for a broad range of users.
Does Revolut offer a welcome bonus?
Revolut occasionally runs promotional offers such as referral rewards or cash bonuses for new users, but there is no guaranteed or standard welcome bonus for Canadian clients. Available incentives often change and may depend on specific campaigns at the time of sign-up.
How does leverage work on Revolut?
Revolut does not offer leveraged trading in Canada. Currency exchange involves only spot transactions with no margin or leverage, and stock or crypto trading is strictly unleveraged for Canadian clients, aligning with regulatory requirements.
How does Revolut make money?
Revolut’s primary revenue streams include spreads on currency exchange, fees on stock and crypto transactions, subscription fees for premium accounts, and additional charges for ATM withdrawals or transfers beyond free limits. Trading commissions apply when users exceed free monthly stock trades or transact in cryptocurrencies.
Who is behind Revolut?
Revolut was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. The company is headquartered in London, UK, and operates globally as a major fintech, supported by a range of venture capital investors and institutional partners.
When was Revolut launched?
Revolut launched in 2015, initially as a multi-currency account and payment app. Since then, it has expanded its services internationally, including limited support in Canada for money transfers, prepaid cards, and select investment products.
Does Revolut offer copy trading or social trading?
Copy trading and social trading features are not available in Canada. While Revolut has piloted such features in some international regions, these tools are not accessible for Canadian users.
How can I contact Revolut’s customer service?
Revolut provides customer service through in-app chat and email. Premium and Metal users get priority 24/7 support, while Standard account holders may experience more limited service hours. Support is primarily handled by international teams, but is available for users in Canada.
Does Revolut offer any promotions or referral programs?
Revolut frequently runs referral and promotional campaigns, where users may earn rewards for inviting friends or meeting certain criteria. The details and availability of these promotions vary over time, so it is advisable to check the official app or website for the latest offers.
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