The Complete Guide to Revolut Trading Fees

Opening

You are an individual investor or app user who trades stocks, ETFs, or fractional shares on Revolut and want a clear, actionable breakdown of what you pay. This guide explains every fee type you may encounter on Revolut: commissions, regulatory pass-throughs, FX conversion, custody and ADR charges. It shows how plan tiers change costs and gives concrete examples so you can forecast real trade expenses. Use this to choose the right plan, set order sizes, and avoid surprise charges.

Quick Answer / TL;DR

• Commission model — You usually get a small number of commission-free trades. Example: 1–10 free trades depending on plan. After that, commissions are either a flat fee (for example US$0.99 per order in some regions) or a percentage (for example 0.25% with a minimum A$1.99 in other regions).
• Regulatory & pass-throughs — Expect ADR pass-throughs of about US$0.01–US$0.05 per share. Regulatory sell-order fees (SEC/FINRA) were previously around US$0.278 per US$10,000 of sale proceeds but can be reported as US$0.00 now in some markets.
• FX costs — Currency conversion adds 0%–0.5% on trades outside your account currency. FX can add more than the commission on small trades.
• How to save fast — Use your plan’s free-trade allowance, batch trades to exceed minimums, or upgrade only if you make more than the break-even number of trades per month (see examples later).

Revolut Trading Fees — 6 components to know

List the six fee components so you can spot charges fast: commission, custody, settlement, regulatory (SEC/FINRA), ADR pass-through, and FX conversion. Two concrete numbers to remember: ADR pass-through is typically US$0.01–US$0.05 per share. Commission formats commonly appear as 0.25% (with minimum A$1.99) or US$0.99 per order.

Define each component in one line.
– Commission — fee charged per trade by the broker (percent or flat).
– Custody — monthly asset holding charge (custody = monthly asset holding charge).
– Settlement — one-off trade settlement cost (settlement = one-off trade settlement cost).
– Regulatory — fees imposed by market regulators and passed to you (SEC/FINRA).
– ADR pass-through — depositary bank charge for ADRs, billed to you annually.
– FX conversion — currency conversion markup on cross-currency trades.

Explain who pays what. Regulatory fees are charged to the broker and passed to you on sell orders. ADR pass-throughs are charged annually per ADR share and billed to your account.

Quick facts with numbers:
– ADR pass-through: US$0.01–US$0.05 per share.
– Commission examples: 0.25% (minimum A$1.99) or US$0.99 per order.
– SEC fee example: previous level ~US$0.278 per US$10,000 sale proceeds.
Watch out for regional variation — fees and formats differ by country, currency, and local rules.

Fee Breakdown — 5 common charges with numbers

Commission structures vary by region. Two common formats are percent-based and flat-fee per order. Example: 0.25% of trade value with a minimum fee of A$1.99 appears in some markets. Another format is US$0.99 per order in other markets. Check which format applies where you live.

Custody and settlement charges are often zero. Many regions show custody fee of US$0.0 per month and settlement fee of US$0.0 per trade. Some markets may still charge a small custody fee; always check your fee disclosure.

Regulatory fees apply on sell orders in many jurisdictions. Previously, the SEC fee was around US$0.278 per US$10,000 of sale proceeds, prorated, with a minimum of US$0.01. Some regions now report a SEC fee of US$0.00 for sell orders. Expect a small per-sale prorated charge when active.

ADR pass-throughs are billed annually. Typical range is US$0.01–US$0.05 per ADR share, charged once per year by the depositary bank. Example: holding 100 ADR shares at US$0.02 per share yields a yearly ADR fee of US$2.00.

Quick figures and their application:
– Commission: 0.25% (minimum A$1.99) or US$0.99 per order.
– ADR: US$0.01–US$0.05 per share, annual.
– SEC (sell): ~US$0.278 per US$10,000 previously; may be US$0.00 now.
– FX conversion: 0%–0.5% typical (see FX section).
Watch out for: Minimum fees and flat per-order costs can dominate small trades.

Plan Tiers and Allowances — 4 plan differences

Revolut commonly offers several plan tiers with different allowances. Typical lineup: Standard (Free), Plus, Premium, Metal, Ultra. Free-trade counts often look like this: Standard 1 free trade, Plus 3 free trades, Premium 5 free trades, Metal 10 free trades, Ultra 10 free trades. Use that allowance first.

Show monthly cost examples using a single-region example. Example (UK pricing): Standard £0/month, Plus £3.99/month, Premium £7.99/month, Metal £14.99/month, Ultra £55/month. US pricing differs; examples there include Premium US$9.99/month and Metal US$16.99/month in some offers.

Explain commission after allowance. After free trades, many regions apply 0.25% with a minimum (for example EUR1 or A$1.99). Some regions use a flat US$0.99 per order. Higher tiers can reduce commission. Example: Ultra may charge 0.12% after allowance in some markets, often with no minimum.

Key plan math:
– Free trades per month: 1 / 3 / 5 / 10 / 10 (Standard / Plus / Premium / Metal / Ultra).
– Typical monthly fees: £0 / £3.99 / £7.99 / £14.99 / £55 (example).
– Post-allowance commission: 0.25% (min EUR1 or A$1.99) or US$0.99 per order.
Watch out for: Trades are counted at order submission in some policies, not at execution. Cancelled orders may still reduce your allowance.

Example Calculations — 3 sample trades to show real costs

Convert fee rules into concrete examples. These let you estimate real trade costs and break-even points.

Example 1 — Small trade
– Action: Buy US$10 worth of stock while your account currency differs.
– Commission: 0.25% of US$10 = US$0.025 (below minimum).
– Minimum commission: A$1.99 applies, which converts to roughly US$1.30 depending on FX.
– FX cost: 0.5% of US$10 = US$0.05.
– Total fees: minimum commission US$1.30 + FX US$0.05 = US$1.35.
– Effective fee: ~13.5% of the US$10 trade. Small trades suffer massively.

Example 2 — Mid-sized trade
– Action: Buy US$1,000 in one order on Standard plan after free trade used.
– Commission: 0.25% of US$1,000 = US$2.50.
– FX: 0.25% = US$2.50 if conversion needed.
– Regulatory sell fee: prorated SEC example on a later sale might be US$0.0278 on US$1,000 (negligible).
– Total fees on buy: US$5.00; on eventual sale add small regulatory rate.
– Effective combined cost: ~0.5% of trade value before regulatory adjustments.

Example 3 — Batching to save
– Scenario: Buy US$5,000 in one order vs five separate US$1,000 orders.
– One order commission: 0.25% of US$5,000 = US$12.50.
– Five orders commission: 5 × 0.25% of US$1,000 = 5 × US$2.50 = US$12.50 (same percent), but fixed minimums or US$0.99 fees change the math.
– If per-order flat fee is US$0.99, five orders cost 5 × US$0.99 = US$4.95; one order costs US$0.99. Save US$3.96.
– If minimums apply and some orders hit minimum A$1.99, batching saves more. Batching reduces per-order overhead.

Quick takeaways:
– Small trades suffer from minimums and FX; avoid sub-US$100 trades unless necessary.
– Batch orders to reduce per-order fixed commission impact.
Watch out for: ADR or custody yearly fees that reduce long-term returns on small holdings.

Cross-border FX and Conversion Fees — 2 key rates that add up

Explain conversion mechanics. When you buy an asset listed in another currency, Revolut either uses the currency you hold or converts at trade time. FX markup ranges from 0% to 0.5% on core weekday rates. Weekend or off-market hours can add an extra 0.5%–1.0% on top.

Give concrete examples.
– Convert US$1,000 with 0.25% FX markup: cost = US$2.50.
– Convert US$50 with 0.25% FX markup: cost = US$0.125.
– Weekend markup example: extra 0.5% on US$1,000 = US$5.00 added.

Show combined-impact example. For a US$100 trade with 0.25% commission and 0.25% FX you pay 0.5% total = US$0.50, before minimums. But a minimum commission of A$1.99 (≈US$1.30) will dominate.

Practical rules:
– If trade size < US$200, FX and minimum commission usually matter most.
– Hold the trade currency in your Revolut balance to avoid conversion at order time.
– Check whether your trade will be executed during market hours to avoid weekend markups.

Watch out for: Hidden FX surcharges on weekends or for low-liquidity currency pairs. These can add 0.5%–1.0% per trade.

Hidden Costs and Limitations — 4 pitfalls to avoid

List common hidden costs. These include minimum commission, per-order flat fees, ADR charges, regulatory sell-order pass-throughs, withheld dividends on ADRs, and any inactivity rules.

Give numbers for each pitfall.
– Minimum commission examples: A$1.99 or EUR1 minimum per trade.
– ADR: US$0.01–US$0.05 per share annually.
– Regulatory sell fee: previously ~US$0.278 per US$10,000 of sale proceeds.
– Per-order flat fee: US$0.99 in some regions.

Explain how costs add up. Example: 12 small trades with A$1.99 minimum each equal A$23.88 per year. Add ADR fees: holding 100 ADRs at US$0.02/share = US$2.00 yearly. Combine custody or other small fees and yearly impact grows.

Red flags when to reconsider Revolut for trading:
– You place more than 30 small trades per month.
– You trade outside your account currency frequently and incur FX each time.
– You hold many ADRs with annual pass-through charges.
– You need advanced order types or deep market access.

Watch out for: Commission-free allowances counted at order submission; canceled orders may still count against your allowance.

How to Minimize Fees — 5 practical strategies (imperative)

Use your free-trade allowance. Check how many free trades you have left. Standard often gives 1 free trade, Plus 3, Premium 5, Metal 10, Ultra 10. Time your orders early in your billing cycle.

Batch orders and use larger order sizes. Combine five US$1,000 orders into one US$5,000 order. Save per-order fixed costs and reduce the impact of minimums. Example: one US$5,000 order at 0.25% costs US$12.50. Five US$1,000 orders might trigger five minimums or five flat fees.

Hold trade currency in Revolut to avoid FX on each trade. Keep US$ balances if you trade US stocks often. Saving example: avoid 0.25% FX on US$1,000 equals US$2.50 per trade.

Avoid ADR-heavy portfolios if you can. ADRs carry US$0.01–US$0.05 per share annually. Prefer local listings or ETFs when possible to dodge recurring ADR bite. Example: 200 ADR shares at US$0.02/share = US$4.00 per year.

Pick a plan only if volume justifies it. Run break-even math. Example: Premium at £7.99/month costs £95.88 yearly. If it saves you £2.00 per trade, you need 48 trades to break even. Calculate for your trading pattern.

Quick checklist before each trade:
– Check free trades left.
– Check currency balance.
– Estimate commission + FX + pass-through.
– Consider batching.
– Confirm trade counts toward allowance at submission.

Watch out for: Upgrading for perks only pays off if you trade frequently. Run the numbers before you subscribe.

Comparison table section (≈120 words + table)

Compare plan tiers side-by-side. Use one-region example for clarity. The table below shows typical free trades, monthly fee, and common post-allowance commission. Numbers reflect common published allowances and sample pricing in one region.

Use the table to test scenarios. Example: If you pay £14.99 monthly and trade 20 times, per-trade subscription cost equals £0.75 before commissions. Compare that to paying five times a minimum fee of A$1.99 and decide.

Closing

Apply the rules above to your trading plan. Check the fee disclosure for your country before you trade. Track at least these numbers each month: free trades left, commission rate, FX rate, ADR counts, and any regulatory pass-throughs. Run simple math: commission + FX + ADR + regulatory = your true cost per trade. Adjust order size, currency holdings, or plan tier to lower that cost.