How to Trade Stocks on Revolut? | Revolut Trading Review

Are you looking for a trading platform that offers low fees, fast execution, and a user-friendly interface? If yes, then you must have come across Revolut Trading. This is not a new app in the market – it has been live since 2015, and offers commission-free trading of US stocks, UK stocks, and ETFs. In this Revolut Trading Review you will discover pros and cons of using this platform. Read this before you invest your hard-earned money on this platform and app.

Revolut Trading Review

Revolut Trading is a part of the Revolut app that was launched in 2015. Initially, it was started as a digital payment platform that allowed users to spend money in foreign currency at the interbank exchange rate. Later on, it expanded its services to include cryptocurrency trading, insurance, and stock trading.

If you want to have an app where you can manage your costs easily, create virtual cards, and easily send money to your friends – then Revolut app seems like a perfect choice.

I have been using Revolut since 2020 and Revolut Visa card is my first option for anything. It’s a prepaid card, and if I see any suspicious transaction I immediately freeze the card and get a new one. I can easily create a budget for the month, see my subscriptions, upcoming payments, and manage my expenses.

Also, Revolut was my first option when I started trading stocks. It was easy to fund my investing account and buying and selling stocks.

Revolut Trading offers trading in over 800 US stocks, 300 UK stocks, and 50 ETFs. It is available in 37 countries, including the UK, US, Australia, and parts of Europe. The platform allows you to invest in fractional shares, which means you can invest in a portion of a stock if you can’t afford the full share price.

How Does Revolut Trading Work?

To start trading on Revolut, you need to create a Revolut account. You can do it through their website or by downloading their app from the App Store or Google Play Store.

Once you have created an account, you need to complete the verification process by providing some personal information and a photo of your ID. The verification check is done within minutes.

After the verification, you can add funds to your Revolut account through a debit card or external bank transfer.

Adding Funds to Trading Account

Once you have enough money in your main account, you can open Revolut Trading Account. You will have to read all disclosures and sign the agreement.

Then, you will need to transfer money to your trading account. Click on Stocks in the app, and then click on add money as shown below:

Searching for Stocks

Revolut has expanded its investment and trading options and now offers over 1000 assets. Searching for stocks is made easy as you can simply type the name of the company in the search bar.

Additionally, if you are unsure which stock to invest in, Revolut provides access to popular stocks, top movers, and stocks categorized by industry in collections.

Stock Research

After you have found a stock of your liking, you have the option to set up alerts for it by clicking on the bell icon located in the upper corner. You can also add it to your favorites list by starring it. Additionally, you can access the financials for the particular company, which comprise the income statement, cash flow, and balance sheet.

Scrolling down in the overview tab, you will see stats – financial ratios that tell you more about company performance. If you are serious about stock research, then per-share data and ratios are worth reading and exploring.

You will see analyst ratings and price targets at the bottom of the overview tab. These can serve for your reference but should not be used as financial advice.

Buying and Selling Stocks

When using Revolut to trade stocks, you have the choice of either buying or selling. Selling is solely limited to selling shares that are already present in your account and should not be confused with short selling.

Revolut’s functionality is restricted to simple buying and selling only; short selling is not supported. On clicking the ‘buy’ option, you will be presented with three distinct order types: market order, limit order, and stop order. If you want to learn more read our full Revolut guide.

Click on buy, and then click on Market Order, and type in the number of shares you would like to purchase:

If you want to sell your stock, click the sell button and type in the number of shares you wish to trade. You can sell all your shares or just a few shares or fractions. I already have Spotify (SPOT) shares in my account, and I can either sell all 2 shares I own, or just a fraction:

Trading Fees and Commission

Depending on the type of Revolut Plan you subscribed, there are some fees that you need to keep in mind. Buying and selling stocks is not completely free. There is SEC and Trading Activity fee. Each is $0.01.

When you are buying stocks, and if you exceed the free limit, you will be charged Stock Fair Usage Fee ($2.07). This fee only applies to stock trades executed above your free monthly trade plan allowance.

There is also a Custody Monthly Fee, which is 0.12% of the market value of your assets.

Commissions: we charge a commission per trade, outside the monthly allowance of 1 free trade, for Standard plans; 3 for Plus plans; 5 for Premium plans, and 10 for Metal plans. (Revolut Help)

Pros Revolut Trading

1. Fractional Shares: With Revolut Trading, you can invest in a portion of a stock, which means you don’t need to have a lot of money to start investing.
2. User-friendly Interface: Revolut Trading’s interface is easy to navigate, and even beginners can use it without any hassle.
3. Low Minimum Deposit: You can start trading on Revolut Trading with as little as $1, which means it is accessible to everyone.

Cons Revolut Trading

1. Limited Stock Selection: when comparing Revolut with other platforms such as eToro, Revolut has less stocks available. However, they are adding new stocks each week.
2. Basic Charting Tools: Revolut Trading’s charting tools are basic, and you may need to use another platform to get in-depth analysis. If you are looking for more advanced features check out TradingView Review.
3. No Customer Support: Revolut Trading doesn’t have a dedicated customer support team, and you need to rely on their FAQ section or community forum for help.

Why Choose Revolut for Trading?

If you live in Europe and looking for a reliable trading platform, then Revolut seems like a perfect option. Adding funds is easy, searching for stocks is easy, and all the information is transparent. You can easily access your portfolio and see your gains/losses.

When you compare Revolut to eToro for example, Revolut is not as aggressive as eToro with notifications. In settings, you can switch off all notifications regarding price increases/decreases. That way, you won’t be tempted to make irrational decisions. Unlike in eToro, even when you switch off all notifications, you still get price alerts.

It is a great option for investors who want to save money on fees (transparent fees visible in the Revolut app) and invest in fractional shares.