Founded in 2015, Revolut is best known for its mobile banking services. However, investors can also trade stocks, metals, and cryptos through its digital platform. But while it offers a wide selection of low-cost assets, there are some excellent alternatives online. See our list of the best brokers like Revolut, including AvaTrade and Saxo. Find out whether you should open an account with one of our alternatives to Revolut today.
Alternative Brokers in Canada
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- Demo account
- Regulator: CySEC, MISA
- Platforms: MT4, MT5
84.6% of retail CFD accounts lose money. -
- Demo account
- Regulator: FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms: MT4, MT5, TradingView, TradeLocker
71.28% of retail traders lose money when trading CFDs -
- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
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- Demo account
- Regulator: CIRO
- Platforms: TradingCentral
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- Demo account
- Min. deposit: $300
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Min. deposit: $0
Learn how we test brokers and why you can trust our ratings.
Here is a short summary of why we think each broker belongs in this top list:
- FXCC 4.6/5 FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Comoros Union and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
- Eightcap 4.6/5 Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- Fusion Markets 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- Qtrade 3.6/5 Qtrade is an award-winning Canadian financial services firm that offers a selection of investing accounts, including with zero commission stocks, mutual fund trades and ETFs. This is a long-running brand that is well regarded in Canada, where many investors choose it to build their savings account or pension pot. QTrade is also highly trusted and authorized by the Canadian Investment Regulatory Organization (CIRO).
- AvaTrade 4.9/5 Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- FP Markets 4.2/5 Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| FXCC | 225 | ||||
| Eightcap | 3909 | ||||
| Fusion Markets | 10336 | ||||
| Qtrade | 73 | ||||
| AvaTrade | 13634 | ||||
| FP Markets | 10373 |
FXCC
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto
- Regulator
- CySEC, MISA
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD
Pros
- The free VPS for qualifying traders and the ability to build or buy EAs on MetaTrader make FXCC a strong option for algo traders.
- FXCC’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day traders.
- Customer support still relies on human agents with response times of under three minutes on live chat during our tests and knowledgeable reps - a welcome break from the frustrating AI chatbots increasingly offered by brokers.
Cons
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
- Although the economic calendar has benefited from a facelift, FXCC still offers very little in terms of market research beyond basic daily technical analysis and aggregated market news, with no tools like Autochartist or social sentiment data.
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs in Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Pros
- Eightcap Challenges, the broker's prop trading firm, is multi-regulated, removing the third-party risks we commonly see with white-label prop firms, and its tailoring its funded accounts to crypto traders with around 150 crypto pairs, plus it's integrated into the TradingView interface.
- Eightcap has brought in GOLD247 for 24/7 trading opportunities on a gold/USD CFD with leverage up to 1:20, minimum trade size of 0.01 lots, and no commission, appealing to weekend traders interested in the precious metal.
- Eightcap added TradeLocker in 2026 for certain regions, marking it out as the best regulated TradeLocker broker, while still delivering Eightcap's ultra-fast execution and low fees for active traders on the charting software.
Cons
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
Fusion Markets
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- ASIC, VFSC, FSA
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help day traders secure optimal prices in fast-moving markets.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
Cons
- There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade.
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
- The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
Qtrade
Qtrade is a good match for Canadian traders who are looking for a reputable and regulated broker to make longer-term investments as well as leveraged trades.
William Berg, Reviewer
Qtrade quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, ETFs, Bonds, Mutual Funds, Options, GICs
- Regulator
- CIRO
- Platforms
- TradingCentral
- Minimum Deposit
- $0
- Minimum Trade
- Variable
- Account Currencies
- USD, CAD
Pros
- Qtrade’s new Options Lab, built with Trading Central provides trading ideas that match your goals, risk level, and experience - head to Investment Tools > Options Lab.
- Qtrade has teamed up with PersonaFin to launch “My News” - an AI-powered, personalized newsfeed built around your interests. Get timely insights from premium sources, discover trending topics fast, and explore smarter with AI-driven search.
- Alongside commission-free ETFs, Qtrade has slashed its options fees, now coming in at $0.75 per options contract (down from $1.00).
Cons
- Although Qtrade has added support for Interac e-Transfer, it still offers relatively limited funding options with no credit/debit card deposits.
- The transfer out fee is a nuisance and traders should be wary of the CAD to USD exchange charge.
- Qtrade doesn't offer trading opportunities on forex or crypto markets, potentially limiting its appeal if you're looking to build a diverse portfolio.
AvaTrade
Celebrating 20 Years in the industry, AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.
Jemma Grist, Reviewer
AvaTrade quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
- Regulator
- ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
- Platforms
- WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $300
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
Pros
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
- AvaTrade launched AvaFutures to offer low-margin access to global markets, then expanded in 2025 as one of the first brokers to add CME’s Micro Grain Futures.
Cons
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
FP Markets
FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.
Christian Harris, Reviewer
FP Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
- Regulator
- ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Platforms
- Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- With MetaTrader, cTrader, Iress and more recently TradingView, FP Markets is one of the most accommodating brokers in terms of platform choice.
- FP Markets delivers fast and dependable support, available 24/5 with average response times of less than 1 minute during testing.
- FP Markets has integrated top-notch research tools from Trading Central and Autochartist, helping traders identify short-term opportunities based on chart patterns, indicators, and other technical factors.
Cons
- While pricing in the Raw account is excellent, spreads in the Standard account trail the cheapest brokers with a 1.1-pip average spread on the EUR/USD compared to the 0.8-pip average at IC Markets.
- Although Traders Hub provides rich research, notably the Daily Report, Technical Report, Market Insights, and Fundamental Analysis, it needs to widen its daily content variety and keep its forex news updated to match category leaders like IG.
- FP Markets trails the best MetaTrader brokers, despite offering a Trader's Toolbox on MT4, just 130 instruments are available, limiting opportunities for serious traders, especially compared to Pepperstone with its 1,300 assets.
Revolut Headlines
Products
- Stocks – Revolut members enjoy commission-free stock investing within the monthly allowance. Users can access over 800+ stocks listed on the NYSE and NASDAQ. A unique feature is the ability to buy fractional shares for as little as $1. And while UK shares aren’t offered at the moment, this is something Revolut plans to offer in the future.
- Cryptocurrencies – Members can exchange approximately 60 cryptocurrencies instantly, including Bitcoin, Ethereum, and Litecoin. Cryptos can be traded against 25 different fiat currencies such as the British Pound, the US Dollar, and the Euro. However, a big downside is not being able to withdraw the coins you purchase outside of Revolut.
- Commodities – Revolut also introduced the ability to trade gold and silver for just $1. While currently limited to two precious metals, Revolut plans to expand its selection of commodities. To trade metals, simply add the XAU or XAG account via the Commodities widget in the app.
Platforms
As Revolut’s mobile platform is an extension of its banking app, you need to hold a bank account with the fintech to start investing. It is suited to beginners looking for free stock trading and cheap price plans.
Note, Revolut does not offer a web trading platform and is only available on mobile.
The app is user-friendly, with assets easily accessible via the search function. Because it is aimed at beginners, charting tools are limited, with no technical indicators or drawing tools. Users can only view basic key information, such as changes in the stock price.
Fees
Revolut offers four pricing plans:
- Standard – The Standard account has no monthly charge and includes three free stock trades a month. Investing in cryptocurrencies comes with an expensive exchange markup of 2.5%. It is 1.5% on commodities and there is no interest on savings.
- Plus – The Plus account also offers three free trades and costs £2.99 per month with up to 0.55% AER interest. The same cryptos and commodities markup on the Standard account applies.
- Premium – The Premium account costs £6.99 per month with up to 0.85% AER interest, 1.5% markup on cryptos, and 0.25% on commodities.
- Metal – The Metal plan costs £12.99 per month with interest up to 1% AER and the same markup as the Premium account.
After you have surpassed your monthly free trade limit, trades cost £1 or currency equivalent. Revolut also charges 0.12% in annual custody fees. On a lighter note, they do not charge inactivity or deposit fees. ATM cash withdrawals are charged at 2% after bypassing the limits.
The minimum free withdrawal is £200, whilst the maximum is £800. This varies upon account type.
Overall, alternatives to Revolut are more competitive in terms of pricing on cryptos and metals.
Best Alternatives To Revolut
Note some of the alternatives below offer trading via CFDs – a leveraged derivative that should only be used by experienced traders due to the risk of incurring significant losses if markets move against you.
Now let’s look at some of the top alternatives to Revolut:
Saxo
Saxo Bank has a wide product portfolio, offering stocks, forex, cryptos, ETFs, bonds, CFDs, etc. The broker offers 22,000 stocks along with major and minor forex currencies, which is an edge over Revolut’s card and trading services. Saxo also offers Bitcoin, Ethereum, Litecoin, plus a variety of other 100+ crypto pairs.
Saxo has a web, mobile, and desktop platform, which has advanced tools for technical analysis and automated social trading. In addition, it has a two-step authentication process for enhanced user security.
When it comes to investing fees, some of the costs are high. For example, on a $2,000 trade, US stocks come in at $10. Compared to the no minimum deposit requirement by Revolut, Saxo’s minimum deposit of $2,000 is also a disadvantage. The broker does not charge withdrawal, deposit fees, or inactivity fees.
Still, for clients wanting to trade forex and pursue automated investing and copy trading services, Saxo is one of the top alternatives to Revolut.
AvaTrade
AvaTrade has a decent product range, including various CFDs across stocks, indices, commodities, 55 forex pairs, and 20 cryptos. The online broker also offers web, mobile, and desktop trading platforms, including MT4, MT5, and AvaOptions. As a result, investors can conduct detailed technical analysis using dozens of indicators, drawing tools, and customizable charts. Automated trading is also available.
AvaTrade offers low CFD fees and average forex fees. Still, a high inactivity fee is applied after three consecutive months of non-use. The inactivity fee is 50 and is subject to the customer’s relevant account base currency ($/€/£). It may also change periodically. On a positive note, the broker does not charge deposit or withdrawal fees.
For traders looking to step up their trading tools and access a wider range of financial markets, AvaTrade is among the best alternatives to Revolut.
Blackbull Markets
Users can trade forex, index CFDs, commodities, metals, and energies at BlackBull Markets – a wider selection compared to Revolut. And because BlackBull Markets offers the MT4 and MT5 platforms, users have access to an excellent range of tools and a comprehensive trading experience vs. Revolut’s basic buy and sell features.
BlackBull Market’s fee structure is average and varies with the account type. The standard account requires a minimum deposit of $50 and the EUR/USD pair comes with a minimum spread of 0.845 pips. Stock trading costs are in line with the best brokers in the industry.
Overall, BlackBull Markets is one of our top alternatives to Revolut for traders looking to up their investing game.
Pros Of Trading With Revolut
- Low stock trading fees
- Low minimum deposit
- Trade fractional shares
- No inactivity or deposit fees
- User-friendly mobile trading platform
Cons Of Trading With Revolut
- Narrow product range
- Limited research and educational tools
- High exchange markup on cryptocurrency
- Cannot withdraw crypto or metals profits outside of Revolut
Bottom Line
If you are looking to trade US stocks with low fees or are a beginner searching for a user-friendly mobile platform, Revolut is a good choice. However, AvaTrade, Saxo, and BlackBull Markets are among the best alternatives to Revolut. Just keep in mind that if you switch to derivatives, especially if you use margin/leverage, then this brings it with its own risks, including incurring potentially substantial losses in adverse markets.
FAQs
What Is The Best Alternative To Revolut?
AvaTrade is the best alternative to Revolut if you are serious about creating a diverse portfolio with multiple instruments and assets. If you are looking to get into stock trading, Revolut is a reasonable option, offering fractional shares from $1.
Is Revolut Safe For Trading?
Revolut is licensed and regulated by multiple trusted bodies, including the SEC, FINRA, and FCA. Clients are protected up to $500,000 (including up to $250,000 cash) under Securities Investment Protection Corporation’s (SIPC) insurance. In the UK and EU, funds are protected by the FSCS protection scheme up to GBP 85,000. Still, there is always a risk with trading and most of our list of Revolut alternatives also offer safeguarding measures.
What Is A Similar Alternative To Revolut In Canada?
Revolut does not accept clients in Canada, though they do have plans to move to the region soon. You can join the waiting list on its website to be notified when the broker opens its virtual doors. BlackBull Markets and AvaTrade are similar alternatives available in Canada.
Is Revolut Business Free?
Revolut Business price plans come in a basic/free or subscription plan. You can send up to $1,000 each month without exchange fees. A 0.5% fee is applied if you exceed this threshold. Alternatively, you can upgrade to Revolut Premium or Revolut Metal to transfer unlimited funds globally, with no foreign exchange fees.
Before July 8, 2022: Premium and Metal customers receive a free allowance of one or three international transfers, respectively.
After July 8, 2022: for Premium plan customers, a discount of 20% will apply on every international transfer. Metal plan customers will benefit from a 40% discount.
What Are Good Alternatives To Revolut Business?
Popular alternatives include N26, which doesn’t charge commissions on foreign currencies. This is a good option if you travel regularly. Monzo is a good alternative for UK-based residents as its app replaces the traditional current account without any day-to-day fees. Alternatively, Transferwise allows you to hold up to 40 currencies in one account and is available worldwide.