Are you confused about whether to choose DEGIRO or Revolut Trading as a broker for your investing needs?
In this side-by-side comparison, we analyse DEGIRO and Revolut Trading to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
DEGIRO vs Revolut Trading: In a Nutshell
Commission-free ETFs and local stocks
DEGIRO is a European low-cost brokerage firm that has become very popular due to its low rates! With over 2 million users, the platform has become widely known for its “do-it-yourself” philosophy.
It offers a wide range of financial assets to trade, including stocks, ETFs (check the list of free ETFs), bonds, options, futures contracts, warrants, investment funds, and some leveraged products.
The mobile app and web trading platform are basic but very efficient and straightforward to use. Some downsides are the absence of any significant fundamental research and the lack of pricing alerts.
European beginner investors looking for quick exposure to US stocks
Revolut was created to disrupt the banking industry by reducing and removing fees associated with the traditional banking system.
It also offers other financial services, namely the possibility of buying US stocks, cryptocurrencies, and precious metals (Gold and Silver).
The quick access to investment products, combined with low commissions, remains the most engaging differential that enables Revolut to stand out from its competitors.
Pros and Cons
DEGIRO
Pros
- List of commission-free ETFs available
- Commission-free stock (US, CA and home market)
- User-friendly web and mobile app
- Wide range of investment options
- Education material: Investor’s Academy and Investing with DEGIRO
- Low overall commission structure
- No account opening, inactivity, or withdrawal fee
Cons
- 0.25% currency conversion fee (charged if you deposit or invest in a different currency than your base currency)
- €/£1 flat handling fee (charged in every transaction)
- €/£2.50 of connectivity fee (paid annually), per exchange where you’re invested
- Does not offer Forex, CFDs, and Cryptos
- No demo account
- Little research
- Low-quality customer support
Revolut Trading
Pros
- Simple trading platform
- Easy account opening process
- At least, one free trade per month
- Low trading commissions
- No inactivity fee
Cons
- Low product offering (ETFs and other financial products are missing)
- Investments not covered by the Financial Services Compensation Scheme
- Annual custody fee of 0.12%
DEGIRO vs Revolut Trading: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
