You are talking about the main account(s) and I agree with you.
But would it be the same with stocks there? Wouldn’t it possible to trust this entity?
I find it very interesting.
Most people are worried to even keep more than certain hundred CHF in Revolut.
But at the same time, just to save foreign exchange fees, it’s been considered as a brokerage option with thousands of CHF. What are the security guarantees offered ? Which regulation is applied if the brokerage goes bankrupt?
I would recommend to double check the numbers though. I assume all the „savings“ are coming because of the forex fees. Right? Or they also don’t need to pay „stamp duties“ ?
I recommend to check following combinations too
- SAXO -: SPDR ACWI
- SAXO -: SSAC (auto invest with zero buying fees)
Here you can probably find answers to your questions: https://help.revolut.com/en-CH/help/wealth/stocks/more-help-with-stocks/investment-protection/
Stocks are segregated from them, in case of bankruptcy.
As I said, I’m far from an expert for this, otherwise I wouldn’t ask on this forum. I’m not trying to sell their product. But trying to understand everything I can and make things clear.
Regarding the fees, not only FX but no stamp tax, no custody fees.
If I compare with Saxo, buying 1250chf /month long term (because as of today I can’t do more anyway and it’s the max to not pay FX fees with Revolut):
- SPDR ACWI TER 0.12%: stamp 0.15% + custody 3chf (0.24%) → could be ok but still..
- SSAC auto TER 0.20%: stamp 0.15% + 0.25% FX → too high TER + FX fees, not good for long term.
- Let’s try this one: WEBN Saxo TER 0.07%: stamp 0.15% + custody 3chf + 0.25% FX → well, not either.
- Revo WEBN TER 0.07%: 0% stamp tax, 0% custody → well, numbers are numbers. But of course we are talking about Revolut with “bad” reputation so..
As I said upper (I think), to buy VT TER 0.06% at Saxo is the cheapest: stamp 0.15% + custody 1chf + FX 0.25%. It wins on long term because of TER.
I would be glad if you let me know what you think.
I think we need to be clear about what problem are we solving here
If someone wants to buy ETFs at cheapest trade fees & also with lowest foreign exchange fees and without custody fees & if that broker can be non-Swiss , then the answer is following
„interactive brokers“
There is no reason for an investor to use Revolut instead of IBKR. I am almost certain IB would be cheaper too & more secure
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Somehow you keep mixing up broker 's commission (charged per trade) and custody fees (charged per year as the percentage of the portfolio size).
This FAQ, or other places, say that FX trading at Revolut is free, but it is not. Their half-spread, which is essentially a fee, is around 0.25% at good times (week day, banks of the respective country are operating).
Then, you say that the free limit is enough for you to invest. But, what if you need foreign currency for vacation or other purpose? And, if you want to do a serious investment, you should invest much more than that once you have a good income. So you will quickly run into limits and will have to think about moving on.
All in all, I don’t think you can find something cheaper than Interactive Brokers with a reasonably close level of security. So, if you consider risking your assets by investing with a newly founded Lithuanian bank of a privately owned British Fintech startup, you might as well “risk” your assets by investing with IB. Leave Revolut there for what it is good: for foreign currency payments.
P.S. You don’t need some secret sauce or exciting new opportunities to succeed in investing. The more boring and automated, the better. You are always paid for the time your money spend in the market.
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I would not personally, but you do whatever you like with your money. The worst that can happen is that you lose it all.
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What would be your rationale to go with Revolut rather than IBKR, given the similar costs (as per your analysis) and the perceived higher risks ?
The thing is: If you write a support request to IBKR, they respond with an answer. If you write a support request to Revolut you get a generic non-response from a bot. I have had to make my own experiences and therefore know that I would never trust revolut with a lot of money.
But fortunately, everyone has to decide for themselves.
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You are right, my mistake sorry. Would be happy all of this in French unfortunately it is not 
0,25% is once you’ve reach you limit regarding your subscription, and yes, week-end etc. But I guess when you know Revolut you know the rules).
I don’t use Revolut for that anymore. Using Radicant is more practical personally, no week-end markup, better FX rate following Moneyland, Swiss bank with Twint etc..
Point for you, I agree. Also read somewhere “what if Revolut increase their fees in 1-2 years”? I know they like to change often their conditions…
Right again. You know, I was really excited if they would be trustable. I really like their App, best fees, not from US but something closer. Actually you read everywhere people are splitting their assets because of Trump (Poorswiss for example) etc.. So I thought it would be something good for me and other little investors
words of wisdom
This I guess
I feel really lucky I never had any issue with them for the last 10 years using Revolut
Lot of stories everywhere I know..
Well I think I want to close this inter-topic about investment at Revolut.
Thank you everybody for taking time for answering me, I really appreciate it. I read and learn a lot from you here and I’m happy to know you on this forum.
Regarding Revolut I probably was too excited to eventually find something very interesting for me (and maybe others). Low fees, good app, easy to use. I know you guys use the very good but ugly and US based IBKR (I do also even it doesn’t seem )
Revolut is not perfect, but I wanted to know if this part of it would be somehow different, trustable. All of you think it’s kind of bullshit, maybe it is. Of course I don’t want to loose my wealth and I’m not that stupid and don’t want to take such risk. But it’s in my nature to try new things when it happens, ask questions and ask advices from people who know. It’s always interesting to have a discussion and debate.
So, thank you again for your time, happy to read you soon.
Good week-end to you
It will be interesting to have your feedback in investing with revolut at the end of the year after few taxes and position.
Keep reporting on your usage as i will be happy to read it.
I use Revolut and Wise on my day to day ligue in Switzerland and during my holidays.
I am happy with it and never had issues but I rarely keep more than 900 chf on each cards. I do not invest in them.
I even do my bulk forex currencies in euros with interactive broker.
I think Revolut might be a good starter option and a one-stop shop for someone who doesn’t yet have a brokerage account and would like to get into crypto or stocks without getting ripped off by the fees. Revolut app is easy to use and many people are familiar with it from sending each other money and exchanging currency and paying abroad.
Eg. a non-tech savvy non-mustachian friend asked me: so where do I buy bitcoin? I asked: do you have revolut? Yes, they do. Well, then there you go.
Indeed Revolut doesn’t inspire confidence with their communication, with their branding, but if from a legal standpoint they’re already a bank, then perhaps our worries are nothing more than intuition? For sure, it would be good to have some transparency regarding account status. As in, you open the app and it tells you that you are a customer of this and this bank, with that address, this is your customer number, here are your products, here are their account numbers. For now, it all looks unclear and you don’t know if you’re with a bank or some funny app.
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They also did $1.4B in profit in 2024.
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I love their eSIM data plans, don’t see why not go further.
Technically, they are just a whitelabel of an eSIM provider, but they have it well integrated into their platform, so you don’t have to sign up and provide ID in yet another app.
Still, their development is really pushing the competition. Nobody has such a well-working application.
Fun fact, some days ago I received an email from them saying that I can now pay my taxes through Revolut. I was surprised, because well, it ain’t that easy in Switzerland… Come to find out that it’s for Romania and I don’t have a clue how it got to me…
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I also got the message that they want my AHV number or I will get restrictions. Does anyone know what restriction they mean?
what is the issue to provide AHV number?
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I don’t give that easily. (that’s what she said)
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