Are you confused about whether to choose Interactive Brokers (IBKR) vs Revolut Trading as a broker for your investing needs?
In this side-by-side comparison, we analyse Interactive Brokers (IBKR) vs 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!
IBKR vs Revolut Trading
- Interactive Brokers is our recommended choice overall
- Revolut is best for beginners looking for quick access to US stocks
Side-by-side comparison
| Category | Interactive Brokers | Revolut |
| Demo account | Yes | No |
| Account minimum | $0 | €/£1 |
| Interest on uninvested cash (annually) | EUR: 2.66%; USD: 4.08%; GBP: 4.20% (as of November 2024) | Revolut US: Up to 4.25% in USD; Revolut International: 0% |
| US stocks fees | Tiered plan: $0.0035 per shareMin. $0.35; Max. 1% of trade value. | One free trade per monthAfterwards, it varies according to your country of residency. |
| EU stock fees | Tiered plan: 0.05% of trade valueMin. €1.25; Max. €29. | One free trade per monthAfterwards, it varies according to your country of residency. |
| ETFs | Tiered plan: 0.05% of trade valueMin. €1.25; Max. €99. | One free trade per monthAfterwards, it varies according to your country of residency. |
| Currency conversion fee | 0.0020% | 0% up to €/£1,000 per month |
| Regulators | FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB. | SEC, FCA (as an AR), Bank of Lithuania |
About Interactive Brokers
Interactive Brokers is a global online broker and publicly listed company which surpassed major financial crises, showing resilience and a rigorous risk management process.
It offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from 150 markets.
Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs.
Interactive Brokers pros and cons
Pros
- Low commissions on US stock trading
- No monthly inactivity fee
- The broadest product and markets range in the brokerage industry
- Demo account
- Excellent reputation (founded in 1978)
- Extensive research and Education tools
- Has a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors, IBKR GlobalTrader.
- Offers interest on uninvested cash balances
Cons
- Complicated and lengthy account opening process (but fully online)
- Steeper learning curve for beginners
- Website is difficult to navigate
- Interactive Advisors (Robo-advisor feature) is only available for US customers
About Revolut Trading
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.
Revolut pros and cons
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
- Investments not covered by the Financial Services Compensation Scheme
Revolut vs IBKR: our veredict
Interactive Brokers
Our recommended choice overallRevolut
Best for beginners looking for quick access to US stocks
Choosing between these two online brokers isn’t always an obvious decision. The differences between Interactive Brokers (IBKR) vs Revolut Trading come from the trading platforms, products, fees, and security. Do you prefer a primary trading platform? Do you want to invest in ETFs only? Do you value security more?
Ultimately, the best online broker for you will depend on your profile, personal preferences, and objectives. Explore the websites above and decide for yourself!
Want to know more about Interactive Brokers (IBKR) vs Revolut Trading? Explore our in-depth broker reviews, comparison table, and BrokerMatch tool.
