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 Falkland Islands (Malvinas)
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- Demo account
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
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- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms: TN Trader, MT4, TradingView
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- Demo account
- Regulator: FSC
- Platforms: R StocksTrader, MT4, MT5, TradingView
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- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
73-89% of retail investor accounts lose money when trading CFDs -
- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
Learn how we test brokers and why you can trust our ratings.
Here is a summary of why we recommend these brokers in October 2026:
- XM 4.8/5 XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.
- 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.
- Trade Nation 4.4/5 Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
- RoboForex 4.5/5 RoboForex is an online broker, established in 2009 and registered with the FSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
- Pepperstone 4.8/5 Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, helping to ensure a secure environment for day traders at all levels.
- IC 4.8/5 IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries.
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 |
|---|---|---|---|---|---|
| XM | 3080 | ||||
| AvaTrade | 13634 | ||||
| Trade Nation | 2175 | ||||
| RoboForex | 777 | ||||
| Pepperstone | 3716 | ||||
| IC | 2 |
XM
With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders.
Christian Harris, Reviewer
XM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
- Regulator
- CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, ZAR
Pros
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM secured a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates in late 2025, strengthening its regulatory credentials and making it a strong option for traders in the Middle East.
- XM has rolled out platform upgrades with integrated TradingView charts and an XM AI assistant, delivering faster execution, smarter analysis, and a sleeker, more intuitive trading experience.
Cons
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.
- XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
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
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
Pros
- 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.
- AvaFutures traders can now use TradingView for 100+ indicators, screeners and a calendar, the sharing of trade ideas, commissions from $0.45, intraday margins from $60, and access to exchanges like CME and EUREX.
- 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.
Cons
- 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.
- 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.
- 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.
Trade Nation
Trade Nation suits discretionary traders who want to speculate on major indices like the US 500 or liquid FX pairs, and want the predictable all-in costs of fixed spreads. In tests, we found the fixed-spread TN Trader environment particularly useful for trading around scheduled economic releases owing to its reliable charting environment and because published spreads stayed capped.
Christian Harris, Reviewer
Trade Nation quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)
- Regulator
- FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms
- TN Trader, MT4, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.1 Lots
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK
Pros
- Trade Nation's 2026 partnership with Volt has sped up payments for Australian traders, who can now make instant deposits and withdrawals using PayID, with the faster payout capabilities planned for clients in the UK and EU.
- The demo comes with a $5,000 practice account and you can request a one-on-one platform walkthrough by callback - this level of personal help is rare.
- In testing of the TN Trader account under normal market conditions, fixed spreads held while fills were prompt on major forex pairs, with a slight drift in the entry level as price ticked between click and fill.
Cons
- There is no raw or ECN pricing tier, which are often prefered by day traders. No matter how much you deposit or trade, you use the same fixed (or variable on MT4) pricing as beginners, making it unsuitable for scalpers especially.
- Offshore SCB and FSA entities allow retail clients up to 1:200 and 1:500 leverage compared to 1:30 in regions like the UK, Europe and Australia, so an FSA client can have 16 times the exposure of a UK retail client on the same trade, but with less oversight and no compensation scheme.
- The 2–20% rebate scheme is closed to FCA, CMVM, and ASIC clients, meaning active day traders in these regions who would benefit from transaction rebates cannot claim them.
RoboForex
RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists.
Christian Harris, Reviewer
RoboForex quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto
- Regulator
- FSC
- Platforms
- R StocksTrader, MT4, MT5, TradingView
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR
Pros
- The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
- In 2026, RoboForex introduced swap-free trading across all accounts, removing overnight interest charges, and potentially appealing to swing forex traders, though spreads and commissions may still apply.
- In July MobileTrader Telegram Mini App was released - bringing out one of the first solutions we've seen that lets users execute trades and manage positions without leaving the Telegram messaging app.
Cons
- While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
- RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
- Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the FSC in Belize, lowering the level of regulatory protections for traders.
Pepperstone
Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing and friendly agents knowledgeable about its products and trading tools.
- Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates up to 30% (index and commodities) and $3/lot (forex) through the Active Trader program.
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading, available in some countries.
Cons
- Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
- Despite improvements to its range of markets, crypto CFD offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.
- Pepperstone has removed support for several tools that elevated the trading experience for active retail traders, notably Autochartist, Capitalise.ai and a free VPS for qualifying traders (now only pro traders in some countries).
IC
IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
Christian Harris, Reviewer
IC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- IC offers fast and dependable 24/7 support based on firsthand experience, particularly when it comes to accounts and funding issues.
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
- IC offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
Cons
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
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.