Synergy Futures Forex Broker

Revolut Trading Forex Broker - Complete Information Guide

1. Broker Overview

Revolut Trading Ltd., established in 2015, is a prominent fintech company headquartered in London, England. As a private entity, Revolut has quickly gained a reputation for its innovative approach to banking and investment services, attracting over 35 million customers globally. The company has been recognized as one of the most valuable British tech startups, with a valuation of approximately $11 billion following its latest funding round.

Revolut began its journey with the goal of disrupting traditional banking by eliminating excessive fees associated with conventional banking systems. The company has since evolved into a multi-faceted financial platform offering a range of services, including currency exchange, cryptocurrency trading, and stock investments. Revolut Trading specifically focuses on providing retail forex and trading services, allowing users to access major U.S. stocks, cryptocurrencies, and precious metals like gold and silver.

Significant milestones in Revolut's history include the launch of its trading feature in 2019, which enabled customers to trade U.S.-listed shares. Recently, in November 2024, Revolut secured a UK trading license from the Financial Conduct Authority (FCA), enabling it to expand its trading capabilities and introduce new products, including UK-listed stocks and ETFs.

The business model of the Revolut Trading broker primarily revolves around retail forex and investment services, catering to both novice and experienced traders seeking a user-friendly platform for their trading needs.

2. Regulatory and Compliance Information

Revolut Trading Ltd. is regulated by several key authorities, including:

• Financial Conduct Authority (FCA) - UK (License No: 780586)
• Bank of Lithuania - Lithuania (License No: 304580906)
• Securities and Exchange Commission (SEC) - USA
• Financial Industry Regulatory Authority (FINRA) - USA

The FCA license allows Revolut to operate as an authorized investment firm, ensuring compliance with stringent regulatory standards. The license is valid for the reception and transmission of client orders, but it does not cover investment advice or personal recommendations.

Revolut maintains a robust client fund protection policy, ensuring that client funds are held in segregated accounts to safeguard against insolvency risks. However, it is important to note that investments made through Revolut are not covered by the Financial Services Compensation Scheme (FSCS), which means that if Revolut were to fail, clients might not receive compensation for their investments.

Revolut adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to verify their identities during the account opening process. This includes providing personal information and documentation, which helps ensure the integrity of the platform and protect against fraudulent activities.

3. Trading Products and Services

The Revolut Trading broker offers a limited yet focused range of trading products, primarily targeting retail investors. The key offerings include:

• Forex Currency Pairs: Revolut provides access to a selection of major currency pairs, allowing users to trade popular currencies like EUR/USD, GBP/USD, and more.

• CFD Products: The platform allows trading in Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies.

• Cryptocurrencies: Users can trade over 30 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), although the ability to withdraw cryptocurrencies to external wallets is currently limited.

• Precious Metals: Revolut provides trading options for gold and silver, allowing users to invest in these commodities as part of their portfolio.

Revolut is continually updating its product offerings, with plans to introduce new instruments, including UK and EU stocks and ETFs by 2025. The platform is designed to cater to retail clients, with a focus on providing a straightforward and accessible trading experience.

4. Trading Platform and Technology

The Revolut Trading broker operates primarily through its mobile application, which is available for both iOS and Android devices. The app is user-friendly and offers a seamless trading experience, allowing users to trade stocks, cryptocurrencies, and commodities with ease.

While Revolut does not currently support MetaTrader 4/5, the proprietary platform features essential trading functionalities, including:

• Web-based Trading: Users can access a web version of the platform for trading stocks and cryptocurrencies.

• Mobile Application: The mobile app serves as the central hub for trading activities, providing real-time market data, news updates, and portfolio tracking.

• Execution Model: Revolut employs a market-making execution model, ensuring that trades are executed quickly and efficiently.

• API Access: While Revolut does not explicitly mention API access, it is designed to facilitate automated trading through its app.

The infrastructure supporting Revolut's trading operations is robust, with a focus on ensuring high availability and security for its users.

5. Account Types and Trading Conditions

Revolut offers several account types, each tailored to meet different trading needs and preferences:

• Standard Account: This account has no minimum deposit requirement and allows for one free trade per month. Additional trades incur a fee of £1.

• Plus Account: Priced at £2.99 per month, this account offers three free trades per month and additional benefits like priority customer support.

• Premium Account: For £6.99 per month, users can enjoy five free trades and enhanced features, including travel insurance and higher limits on ATM withdrawals.

• Metal Account: At £12.99 per month, this account provides unlimited free trades, access to premium features, and cashback on spending.

Revolut does not currently offer a demo account for practice trading. The leverage ratio varies depending on the asset class, with retail clients typically operating at a 1:1 leverage ratio. The minimum trade size is set at $1, making it accessible for new traders.

6. Fund Management

Revolut supports various deposit and withdrawal methods, ensuring a smooth funding process for users:

• Deposit Methods: Users can deposit funds via bank transfer, credit/debit cards, and electronic wallets like Apple Pay and Google Pay. There is no minimum deposit requirement for opening an account.

• Withdrawal Methods: Funds can be withdrawn back to linked bank accounts or through the Revolut debit card. Withdrawals are generally processed within 1-2 business days.

• Fees: There are no fees for deposits or inactivity. However, a 2% fee applies to withdrawals exceeding the monthly limit set by the account type.

• Processing Times: Deposits are usually instant, while withdrawals may take up to 2 business days to reflect in the user's bank account.

The fee structure is designed to be transparent, with no hidden charges for standard transactions, making it an attractive option for traders.

7. Customer Support and Educational Resources

Revolut offers a range of customer support options to assist users with their trading and account-related queries:

• Support Channels: Users can access support via in-app chat, social media, and an extensive FAQ section. However, there is no dedicated phone support for general inquiries.

• Service Hours: Customer support is available 24/7, ensuring that users can receive assistance at any time.

• Multilingual Support: Revolut supports multiple languages, catering to its diverse user base across different regions.

• Educational Resources: While Revolut does not offer extensive educational materials, users can access basic tutorials and market analysis through the app. The platform also provides real-time news updates and alerts to help users stay informed about market movements.

8. Regional Coverage and Restrictions

Revolut Trading operates in several key markets, focusing primarily on customers from:

• Supported Regions: The platform is available in countries such as the UK, USA, Singapore, and various EEA countries.

• Office Locations: Revolut maintains its headquarters in London, England, with regional offices to support its global operations.

• Restricted Areas: Currently, Revolut does not accept customers from certain countries, including regions with stringent financial regulations or where its services are not compliant with local laws.

• Special Restrictions: Users should be aware of specific limitations on trading products based on their geographical location, particularly concerning cryptocurrency trading and the availability of certain financial instruments.

In conclusion, the Revolut Trading broker presents a compelling option for retail investors seeking a user-friendly platform with a focus on U.S. stocks, cryptocurrencies, and precious metals. While it has limitations in terms of product offerings and regulatory protections, its innovative approach and competitive pricing make it an attractive choice for beginners and casual traders alike.