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Brokers / Revolut (stock trading)
BROKER RIGOR REPORT · VERIFIED 11 OCT 2026

Revolut (stock trading): what the sources say

74
Evidence 100%

Key facts

The questions, with sources

QuestionWhat the sources saySource
Main entity
Revolut Securities Europe UAB (EEA investment services, Vilnius); Revolut Trading Ltd (UK, FRN 933846, company no. 11567840); Brazil via Ativa Investimentos; Singapore via Revolut Securities Singapore Pte. Ltd.; Australia via Revolut Payments Australia Pty Ltd (AFSL 517589), Lithuania (EEA entity); United Kingdom
Listed parent
no: Revolut Group Holdings Ltd (private; 2025 annual report describes Revolut as 'Europe's most valuable private technology company')
Regulation
Major regulator. Bank of Lithuania (Lithuania): Revolut Securities Europe UAB: Category A financial brokerage firm licence, authorisation code LB002114, valid from 2021-11-22; services include order reception/transmission and safekeeping (from 2021-11-22), order execution, portfolio management, investment advice (from 2022-09-06), dealing on own account (from 2025-04-18); passported without branch to 29 EU states; register lists 13 consumer-dispute decisions, latest 2026-09-24 (Bank of Lithuania register page). Also listed by Latvian FCMC as EEA passported provider (21.01.2022); FCA (United Kingdom): Revolut Trading Ltd (company no. 11567840), FRN 933846, own FCA authorisation announced 2024-11-20; reception and transmission of orders in shares. FCA Firm Checker page for FRN 933846 not found in search results, so Revolut's own legal page is cited; MAS (Singapore): Revolut Securities Singapore Pte. Ltd. is a Capital Markets Services licensee (as stated by Revolut); MAS register not opened; ASIC (Australia): Revolut Payments Australia Pty Ltd, ABN 21 634 823 180, AFSL and ACL 517589 (as stated on Revolut AU fee page); ASIC register not opened
Compensation scheme
Yes. EEA entity: Liabilities to Investors Insurance (Lithuania, administered by Indėlių ir investicijų draudimas). UK entity: FSCS Lithuania: EUR 22,000 per investor, covering the member's failure to return money/securities, not market losses; payouts in EUR at ECB rate (official iidraudimas.lt page). UK (Revolut Trading Ltd): FSCS up to GBP 85,000 per eligible person per firm for investments; GBP 120,000 per depositor if a UK bank holding client money fails (Revolut Client Assets Protection Summary and UK help page). Brazil page states investments not covered by any compensation mechanism. Singapore/Australia schemes not verified
Client assets separated
Yes. EEA: Revolut states client assets must be kept separate from the firm's own assets. UK: client money held in segregated client money bank accounts under FCA CASS rules, 'kept separate from Revolut Trading's own money'; instruments held separately, legal title may be registered to Revolut Trading Nominees Ltd, pooled omnibus accounts possible (Revolut Client Assets Protection Summary)
Public financials
Yes. Privately held, but Revolut publishes an annual report: 2025 Annual Report (calendar 2025, GBP; PDF annualreport2025.pdf linked) states profit before tax up 57% YoY, 80m+ retail customers, customer balances USD 67.5bn; absolute revenue/profit not shown on summary page; issuing legal entity not named on the page
Who can open an account
Revolut account can be opened in AU, BR, JP, NZ, SG, CH, UK, US and EEA countries (list on help page); availability of stock trading per country not verified
Markets
US-listed stocks since 2019 (EEA); European-listed stocks added 2023 (EEA); UK and EU stocks and ETFs 2024-2025 (Wikipedia)
ETFs / fractional shares
ETFs: yes. Fractional shares: yes.
US stock commission
Schedules differ by country/entity; Revolut help page says fees depend on the entity serving the client. EEA figures from the en-BG help article (Revolut Securities Europe UAB); UK figures from Revolut Trading Ltd Ex-ante Costs and Charges Disclosure (undated PDF)
Cost to buy 1,000 USD
0.1%. Main (EEA) entity, Standard plan, per Revolut help page [source 16]: EUR 1 flat commission per order with no free allowance, taken as about 0.1% of 1000 USD (EUR/USD conversion not applied; exact % moves with the exchange rate). FX and spread excluded. UK Standard would be 0 for the first trade of the month, then 0.25% (= 2.50 USD) [source 17]
Currency conversion
Varies by plan; no percentage stated on fee pages read (EEA help page: 'currency exchange fees vary depending on your plan'; UK ex-ante disclosure applies Revolut exchange rate with fair-usage limits for Standard/Plus, no rate given)
Inactivity / account / withdrawal
UK: none ('We do not charge you any custody fees or inactivity fees', Revolut Trading Ltd ex-ante disclosure). EEA: not stated on page read; Custody fee: none (EEA help page and UK disclosure; Brazil page). ADR pass-through fees about USD 0.01-0.05 per share, usually annual (EEA); instrument transfer out USD 35 per position (EEA); US sell orders: FINRA TAF USD 0.000195/share, min USD 0.01, max USD 9.79 withheld (Brazil page; AU page same TAF cap)

"Not verified" means we could not confirm it from a source we could read. Check the entity and rules for your own country. Education only, not investment advice.

Score

How the points add up

  • Regulation 20 of 20. Licensed by a major financial regulator (see the broker page for the register entry)
  • Client protection 20 of 20. Investor compensation scheme applies: EEA entity: Liabilities to Investors Insurance (Lithuania, administered by Indėlių ir investicijų draudimas). UK entity: FSCS; Client assets held separately from the broker's own (stated in its documents)
  • Transparency 10 of 10. Annual financial statements are public (listed parent or published report)
  • Security record 6 of 15. Worst incident in the last five years scored: 6 of 15
  • Compliance record 11 of 25. 2 regulator or court action(s) in the window; reports from press only are shown but not scored
  • Costs 7 of 10. Buying 1,000 USD of a US stock or ETF: 0.1% commission at the published base tier (FX and spread not included)

Points earned of points available. A criterion we could not verify is left out and lowers the evidence share. See how we score.

Record

Security incidents

  • 2022-09-11 Cyberattack exposing data of 50,150 customers (names, addresses, emails, phones, partial card data) Customer funds lost: no. Outcome: Revolut stated no funds accessed or stolen (press) source
  • 2022 (reported 2023-10) Flaw in US payment system exploited via incorrect refunds; about USD 20-23 million stolen Customer funds lost: no. Outcome: Revolut's own money per press; some recovered, net loss about USD 20m (press) source
  • 2026-09-04/05 Unauthorised access at US clearing partner DriveWealth exposed data of some Revolut, Stake and Hatch customers (basic bio/contact data, part of account number) Customer funds lost: no. Outcome: DriveWealth found no unauthorised trades/transfers/withdrawals; Revolut says its own systems unaffected (press + Revolut help page) source
  • 2026-09-12 Impersonation scam using a legitimate government agency email domain obtained customer information (driving licences, passports, KYC selfies, addresses, IBANs, statements, transaction histories per the group's leak); Financial Times reported 680 customers notified; group 'IAmNotAVillain' published samples and demanded a ransom from 14 Sept Customer funds lost: no. Outcome: Revolut said its systems were not breached and customer funds are safe; affected customers contacted; no stolen funds reported (press: BrokerChooser; Payment Expert 2026-09-15 https://paymentexpert.com/2026/09/15/revolut-data-leak-ransom-threat/) source
  • 2021-11 (Black Friday) Services 'partially unavailable': some users could not sign in, make card payments, transfer money or top up; about 50,000 customers affected (banking app, not trading-specific) Customer funds lost: no. Outcome: Affected customers received GBP 20 credit or local equivalent (press, MoneyExpert 2021-12-27) source
  • 2021-01-27 (outside report window, listed for completeness) Login outage: at least hundreds of customers unable to sign in or deposit Customer funds lost: no. Outcome: Revolut apologised on Twitter; no compensation mentioned (press) source older than 5 years
Record

Regulator and court actions

  • 2026-04-02 AGCM (Italian Competition Authority): Fines of over EUR 11 million on Revolut group entities, incl. EUR 5m against Revolut Securities Europe UAB and Revolut Group Holdings for not clearly disclosing costs/limitations of commission-free investing (incl. fractional shares); EUR 5m account blocking practices; EUR 1.5m IBAN information Outcome: Fines imposed; appeal/payment status not stated source
  • 2025-04-08 Bank of Lithuania: EUR 3.5 million fine on Revolut Bank UAB for AML monitoring failures Outcome: Press (LRT): administrative settlement, remediation plan; no confirmed money laundering found Official Bank of Lithuania page (8 Apr 2025) confirms EUR 3.5 million fine plus administrative agreement. Earlier press source: https://www.lrt.lt/en/news-in-english/19/2531818/revolut-bank-fined-eur3-5m-for-breaching-anti-money-laundering-rules source

Actions reported by press only are shown and not scored.

Summary

Key facts in five lines

  • Revolut Securities Europe UAB holds a Bank of Lithuania Category A brokerage licence (code LB002114, from 22 Nov 2021) and serves the EEA; UK clients contract with FCA-regulated Revolut Trading Ltd (FRN 933846) [source 13][source 15].
  • Lithuanian investor insurance covers up to EUR 22,000 per investor; UK clients are covered by FSCS up to GBP 85,000 for investments [source 14][source 15].
  • EEA Standard plan: no commission-free orders, EUR 1 flat per order, no custody fee; UK Standard: 1 free trade per month then 0.25% [source 16][source 17].
  • AGCM fined Revolut group entities over EUR 11 million on 2 April 2026, including EUR 5m on investment-cost disclosure; Bank of Lithuania fined Revolut Bank UAB EUR 3.5m in April 2025 for AML failings [source 4][source 6].
  • Data incidents: Sept 2022 breach (50,150 customers), Sept 2026 DriveWealth partner incident and Sept 2026 impersonation leak (680 customers notified per FT); no customer funds reported lost in any [source 5][source 8][source 10].
Questions

Questions about Revolut (stock trading)

Is Revolut (stock trading) safe?

We do not give a yes or no. We record its regulation (Bank of Lithuania, FCA), whether an investor compensation scheme applies, and what we found about incidents and regulator actions. Read the sections above, and check which entity holds your account.

Does Revolut (stock trading) charge commission on US stocks?

Schedules differ by country/entity; Revolut help page says fees depend on the entity serving the client. EEA figures from the en-BG help article (Revolut Securities Europe UAB); UK figures from Revolut Trading Ltd Ex-ante Costs and Charges Disclosure (undated PDF)

Sources

Where this comes from

Not verified: Three incident and three legal searches run (full); no regulator action beyond AGCM (2026) and Bank of Lithuania (2025) found; no FCA/FINRA/SEC enforcement located (US entity Revolut Securities Inc not checked). FCA Firm Checker page for Revolut Trading Ltd, MAS and ASIC registers not opened (Revolut's own pages used). FX conversion fee percentages not stated on any fee page read. cost_1000usd_pct (0.1) is the EEA Standard-plan EUR 1 flat commission expressed against 1000 USD without exchange-rate conversion; UK/other entities differ. EEA inactivity fee not stated on page read. Annual report issuing entity and absolute revenue/profit not shown on the summary page (PDF not opened). All incidents are sourced to press or Revolut's own pages, not to a regulator; the Sept 2026 impersonation leak figure of 680 customers is attributed by press to the Financial Times. Wikipedia used for founding/markets (secondary).

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