Alternatives to Revolut Card, Business, Crypto & Trading

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Revolut is an excellent app with many features that can make your financial life much more convenient, especially if you would like to combine them in one app. Features include digital payments, stock trading, group bills, hotel reservations, insurance, cryptocurrency trading and more. App users can even achieve their saving goals with Vault. In short, it’s very difficult to find Revolut competitors that would completely replace its features. However, users often don’t need many of these features and want to use just a couple of them more in-depth.


Alternatives to Revolut by category


Revolut features

Common reasons why users choose to close Revolut account

There may be many reasons why people look for alternatives to Revolut, but some of the most popular are: 

  • Revolut closed an account or limited features.
  • Automated or slow live support.
  • Particular countries are not supported. 
  • Stock traders outside the UK are no longer protected by EU law.
  • Changes in the fee structure.
  • The app is not yet fully stable, and services are down from time to time.
  • A small cryptocurrency list for crypto traders.
  • Cryptocurrency transfer limits.
  • Etc. (If you have other reasons, feel free to share them in the comments section.)

These are only a few examples, and you probably have your own reason to look in the direction of Revolut competitors. Revolut has created a multipurpose financial app that’s not limited to residents of one particular country. Many similar or even better apps than Revolut may be limited to residents of one country. After evaluating the most common reasons why users choose to search for apps similar to Revolut, we’ve broken them down by usage category. Pick one of the categories listed below to find the best alternative to Revolut for your needs. 

Best Revolut bank alternatives

When looking for an alternative to Revolut bank, we need to look at some of the most used features that the app (Revolut bank) offers. Also, we need to look at the most popular competitors in the space that could potentially replace the app by offering the same features or services. Depending on your location, we believe that one of the closest direct competitors when it comes to online banking are Monzo and Starling bank for UK residents and Wise (formerly Transferwise) for international users.

Revolut vs Monzo vs Starling bank

Monzo (Only UK Resdents)

Monzo is like a traditional bank without a physical branch. It’s operating entirely online and is one of the most popular online banking alternatives to Revolut in the UK. Yes, it’s available only to UK residents.

As you’d expect from a bank, Monzo is FCA approved and protected funds by FSCS up to £85,000. It offers:

  • Multiple types of accounts for individuals and businesses.
  • Loans up to £15,000.
  • MasterCard debit cards.
  • International payments (In partnership with Wise).
  • Free withdrawals in EEA (And up to £200 in other countries).
  • Useful tools like spend categorization, monthly budgets, money requests, Apple pay and Google pay, overdraft up to £1,000, direct debit, bill split etc.
  • Top ups vis Bank transfer, Cheques, Cash at PayPoints (£1 per each top up).

Monzo cons:

  • Only UK residents allowed.
  • No multicurrency accounts.

Starling bank (Only UK Resdents)

Starling has been the winner of “the British Bank Awards” in the last four years in a row. It’s shaking the online banking world similarly to Revolut. It is a fully licensed and regulated bank that offers various accounts for personal and business use. It has an innovative approach that can be seen even in their Debit card design.  Similarly, like Monzo, it’s also limited only to UK residents.

Starling bank offers:

  • No withdrawal fees.
  • International payments in collaboration with Wise.
  • Portrait debit cards (Mastercard).
  • Interest on Savings.
  • Multicurrency accounts.
  • Overdraft and personal loans.
  • Bill splitting.
  • Marketplace (Insurance, mortgages etc.)
  • Etc.

Starling Bank cons:

  • Only UK residents allowed.

Revolut Card alternatives

Wise - Alternative to Revolut

Wise (Formerly TransferWise) is known as one of the best alternatives to Revolut. The app offers the best rates for international payments. It’s used by more than 11 million customers, it’s FCA regulated and available in most countries.

If you don’t need other features that Revolut can offer, this could be the best service like Revolut.

Revolut Trading alternatives

Revolut Trading limited is currently registered and regulated in the UK. Because of this, many non-UK traders are looking for Revolut trading alternatives for additional funds protection that is covered by the EEA deposit protection scheme. It doesn’t necessarily mean that Revolut trading is a complete no go but there are additional risks that you could avoid by choosing a broker that is regulated in the EU. At the moment, Revolut can’t advertise its trading services and provide trading support in the EU. If you decide to continue investing through the app, the full responsibility relies on you. If you’re from the UK, it’s not an issue for you but there are also other reasons why traders and investors consider switching to a different trading platform:

  • Changes in the fee structure.
  • The stock trading service is down from time to time. Traders may not be able to sell or buy stocks at a desirable time and price.
  • Day trading limits.
  • Changes to limits for free day trades.
  • Stock trading limits (Up to 10,000 USD or 500 shares per order).
  • Revolut trading doesn’t hold your shares. It’s a broker buying and selling stocks on your behalf.
  • Limited Revolut stocks list available for trading.
  • Etc. (If you have other reasons, feel free to share them in the comments section.)

Revolut trading fee changes

Unfortunately, the BREXIT was not the only reason to look for an alternative. The recent announcement about the trading fee increase is going to hit all traders no matter where they are located.

Revolut trading fee changes
Revolut trading fee changes announcement.

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

Probably, you are likely to find a better alternative with more features and fewer fees. We have compiled a list of the most popular alternatives that traders use to replace Revolut trading with a safer alternative that is also regulated in the European Union.

Revolut trading is known as a similar European alternative to the Robinhood app. Since Robinhood isn’t available for non-U.S. residents, you’ll have to look in other directions to replace your Revolut trading account. Below is the list of the most popular platforms that offer similar services to Revolut trading.

Etoro vs Revolut

Etoro platform

Etoro is a popular trading platform that offers various trading services and features. This is one of the most popular Revolut trading alternatives in Europe. It’s easy to understand and is well suited for both; beginners and experienced traders. It mostly becomes popular because of the social element in the platform. Stock traders can interact with each other in the platform similarly as on Facebook, LinkedIn and other social networks. Another popular feature is CopyTrading, where users can automatically copy each other trades. I.e. If you find a trader that is performing well and you would like to make the same trading orders in your account, you can replicate the same deals of the trader you copy. This way, you can fully automate your trading process.

EtoroRevolut
Most suitable forBeginners & Experienced tradersBeginners
Min. deposit50 or 200 USD*0.01 USD
Min. order value (Stocks)50 USD1 USD
Min. withdrawal amount30 USDNo minimum
Demo accountAvailable
Your capital is at risk.
Not available
US stock trading fee (Buy/Sell)0 USD0 USD (Limited)
Deposit fee0 USD0 USD
Withdrawal fee5 USD0 USD
RegulationRegulated in the UK (by FCA), EU (by CySEC) and Australia (by ASIC).Regulated in the UK (by FCA).
 Try Etoro
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
 
Etoro and Revolut trading comparison.

*For some countries, the minimum first-time deposit may differ. A minimum wire transfer is 500 USD.

Etoro benefits

  • The leading social trading platform in the world with a user base of 20 million traders.
  • A regulated trading platform in the U.S., the U.K., Europe, Australia and Gibraltar.
  • Diversified asset classes for investors to choose from. 
  • A tremendous user base growth in the last few years. 
  • Patented technology that protects the business from being copied. 
  • Feature-rich and a user-friendly trading platform even for beginners. 
  • Low entry barier for new traders.

DEGIRO vs Revolut

DEGIRO is a Dutch trading platform that was established in 2013 and quickly became one of the largest brokers in Europe. It is a regulated broker and you may expect low commissions, a simple platform and a large selection of stocks. In comparison with Revolut, on DEGIRO traders can invest in multiple markets, i.e. Europe, US, Australia, Japan, Hong Kong and others. A great option to diversify your portfolio with a global approach.

DEGIRORevolut
Most suitable forBeginners & Experienced tradersBeginners
Min. deposit0.01 EUR0.01 USD
Min. order value (Stocks)No minimum1 USD
Min. withdrawal amountNo minimumNo minimum
Demo accountNot availableNot available
US stock trading fee (Buy/Sell)0.50 EUR + 0.004 USD per share0 USD (Limited)
Deposit fee0 EUR0 USD
Withdrawal fee0 EUR0 USD
RegulationRegulated in the UK (by FCA) and EU (by AFM).Regulated in the UK (by FCA).
 Try DEGIRO
Investing involves risk of loss.
 
DEGIRO and Revolut trading comparison

Trading212 vs Revolut

Many traders choose to trade stocks using Interactive Brokers platform, which may be difficult for less-experienced traders. Besides, it requires a substantial starting capital. This is where Trading212 comes in. Trading212 uses the same IBKR platform but it’s suited better for less-experienced traders. Trading212 is very similar to Revolut trading but offers a much wider selection of stocks.

Trading212Revolut
Most suitable forBeginnersBeginners
Min. deposit1 USD/EUR/GBP0.01 USD
Min. order value (Stocks)1 USD/EUR/GBP1 USD
Min. withdrawal amount150 USD/EUR/GBP0.01 USD
Demo accountAvailable
Your capital is at risk.
Not available
US stock trading fee (Buy/Sell)0 USD/EUR/GBP0 USD (Limited)
Deposit fee0 USD/EUR/GBP0 USD
Withdrawal fee0 USD/EUR/GBP0 USD
RegulationRegulated in the UK (by FCA) and EU (FSC).Regulated in the UK (by FCA).
 Try Trading212
Your capital is at risk.
 
Trading212 and Revolut trading comparison

Plus500 vs Revolut

Plus500 is one of the oldest companies among the ones mentioned above. The company founded in 2008 in Israel. Plus500 offers a wide range of financial instruments that is very competitive in terms of fees.  

Plus500Revolut
Most suitable forBeginnersBeginners
Min. deposit100 USD0.01 USD
Min. order value (Stocks)1 USD
Min. withdrawal amount100 USD0.01 USD
Demo accountAvailable
Your capital is at risk.
Not available
US stock trading fee (Buy/Sell)0 USD0 USD (Limited)
Deposit fee0 USD0 USD
Withdrawal fee5 Free withdrawals per month0 USD
RegulationRegulated in the UK (by FCA), EU (by CySEC), Australia (by ASIC), Singapore (by MAS) and Israel (by ISA).Regulated in the UK (by FCA).
 Try Plus500
Your capital is at risk.
 
Plus500 and Revolut trading comparison

Revolut Crypto alternatives

Today, most people have already heard about cryptocurrencies. Many have started to learn about them. But only some, decide to take advantage of the growing market by investing in the crypto market.

Revolut introduced cryptocurrency trading a few years ago. However, it hasn’t changed much, and there are still many limitations regarding various features that crypto traders may want. Hence why, traders often decide to trade cryptos on other platforms. Some of the most popular platforms where to buy or trade cryptocurrencies can be seen below.

Etoro platform

Etoro is a publicly-traded company that is growing very fast. That also reflects on the crypto trading as new coins and features appear on the platform. It has a stable platform with a social trading element where you can discuss your trading ideas with other traders.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.

Revolut Business alternatives

PayPal

PayPal has been around for years. Even before most of the apps, we use today. It has competitive prices, easy to implement payment systems as most platforms have created widgets and technical solutions to integrate with PayPal.

Frequently asked questions about Revolut alternatives

Is Revolut better than Wise (Transferwise)?

There’s no clear answer to this question. It comes down to features that you’re mostly using. Revolut offers a wider range of features but Wise (Transferwise) offers better international payments handling. Compare these apps on alternatives to Revolut to find out more.

What is better than Revolut?

Revolut offers multiple services on the app. Since there are not many apps that can offer the same package of features, you may find a better app depending on your particular needs. I.e. Check Revolut alternatives by category and pick the one that fits your criteria.

Should I use Revolut?

If you don’t have an account with Revolut, you can create one for free and test the app to find if it’s useful for you.

Martin Kaiser

Editor-in-Chief on Globe Funder with more than 10 years of experience in the personal finance and business fields. Martin has developed a strong passion for money management and business model analysis. Martin holds a bachelor's degree in business administration.

1 thought on “Alternatives to Revolut Card, Business, Crypto & Trading”

  1. Thanks Martin, very useful. I have both Revolut account for normal day to day and a DeGiro account which I use for ETF’s. Was only considering Revolut for individual stocks in view of an amount of commission-free trades based on my Premium account so your review is very helpful.

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