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Personal Finance · head to head

Revolut vs Robinhood

Revolut logo

Revolut

Personal Finance

Multi-currency financial app operating as a licensed bank in parts of the EU and as an e-money institution elsewhere

From
Free
Rated
-
Full reviewWebsite
Robinhood logo

Robinhood

Personal Finance

Investing for everyone

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Revolut uK customer balances have historically been held under an e-money institution licence, meaning they are not covered by the Financial Services Compensation Scheme the way a traditional UK bank deposit is, even though Revolut was granted a restricted UK banking licence in 2024.; Robinhood robinhood Gold costs 5 USD a month after a 30 day free trial
  • They diverge on capability: Revolut covers Multi-currency accounts, Robinhood covers Commission-free trading.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Revolut and Robinhood actually diverge.

Attributes where Revolut and Robinhood differ
AttributeRevolutRobinhood
Pricing modelFree standard tier; paid plans add higher limits, insurance and perksfreemium
PlatformsiOS, Android, WebWeb, IOS, Android
FoundedUnknown2013

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Revolut

  • Multi-currency accounts
  • Revolut Bank EEA deposits
  • Stock, crypto and commodity trading
  • Budgeting and spending analytics
  • Virtual and disposable cards
  • Business accounts (Revolut Business)

Only in Robinhood

  • Commission-free trading
  • Options trading
  • Crypto trading
  • Fractional shares
  • Bank accounts
  • Crypto wallets
  • Web support
  • IOS support

What people use each for

The jobs each tool is most often brought in to do.

Revolut

  • Someone travelling or living across multiple currencies who wants low-cost exchange and spending in one accountnot Robinhood
  • A user in the EEA who wants their balance held with a licensed bank covered by a deposit guarantee schemenot Robinhood
  • A UK-based user who understands their balance sits under e-money safeguarding rather than FSCS bank protection, and is comfortable with thatnot Robinhood
  • An investor wanting stock or crypto trading integrated with everyday spending in a single appnot Robinhood

Robinhood

  • Commission free trading of US stocks and ETFs from a phonenot Revolut
  • Options and futures trading for retail investorsnot Revolut
  • Holding an IRA with a contribution matchnot Revolut

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Revolut

  • UK customer balances have historically been held under an e-money institution licence, meaning they are not covered by the Financial Services Compensation Scheme the way a traditional UK bank deposit is, even though Revolut was granted a restricted UK banking licence in 2024.
  • Regulatory status differs by country of use, EEA versus UK versus other markets, so the actual protection on a given balance depends on where the account is domiciled, not on the brand alone.
  • Customer service has been a recurring complaint, with account freezes for fraud checks sometimes leaving customers unable to access funds for extended periods with limited direct human contact.
  • The free tier caps fee-free currency exchange at a monthly allowance, after which a fair usage fee applies, so heavy multi-currency users may need a paid plan to avoid extra charges.
  • The breadth of features, banking, trading, crypto and business accounts, spans multiple regulatory regimes and legal entities, which makes the overall structure harder for a typical customer to fully understand than a single-licence traditional bank.

Robinhood

  • Robinhood Gold costs 5 USD a month after a 30 day free trial
  • The 3.35 percent APY on brokerage cash is available only to Gold subscribers
  • The 3 percent IRA contribution match requires keeping the Gold subscription for one year and leaving the assets in the IRA for five years, and is capped at 225 USD against 2026 contribution maximums
  • Reduced contract fees of 0.50 USD per futures contract and 0.35 USD per index option apply only to Gold subscribers
  • Management fees are waived only above 100K USD in expert managed portfolios

Pricing, plan by plan

Revolut

Free
  • StandardFree
    • Free multi-currency spending up to a monthly exchange allowance
    • Basic budgeting tools
    • UK balances held under e-money safeguarding, not FSCS-protected as a standard bank deposit
  • Premium$7.99/month
    • Higher free exchange allowance
    • Travel insurance and card delivery perks
    • Priority customer support
  • Metal$14.99/month
    • Cashback on card spending
    • Higher limits across features
    • Metal card and additional insurance cover

Robinhood

Free
  • FreeFree
    • Commission-free trading
    • Real-time data
    • Mobile app
  • Gold$4.99/month
    • All Free features
    • Extended hours trading
    • Premium research

Which should you pick?

Choose Revolut if

  • You need multi-currency accounts.
  • You want to start without paying.
  • You work on iOS, Android, Web.
  • You also want revolut bank eea deposits.
Revolut review

Choose Robinhood if

  • You need commission-free trading.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want options trading.
Robinhood review

Questions people ask

Is Revolut or Robinhood better?
Neither clearly leads. Revolut starts at Free and Robinhood at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Revolut or Robinhood?
Revolut starts at Free and Robinhood at Free.
Does Revolut or Robinhood run on more platforms?
Revolut runs on iOS, Android, Web. Robinhood runs on Web, IOS, Android.
Can I use Revolut for free?
Both have a free tier, so you can try either at no cost before committing.
What is Revolut best used for?
Revolut is most often used for someone travelling or living across multiple currencies who wants low-cost exchange and spending in one account, a user in the eea who wants their balance held with a licensed bank covered by a deposit guarantee scheme, a uk-based user who understands their balance sits under e-money safeguarding rather than fscs bank protection, and is comfortable with that, an investor wanting stock or crypto trading integrated with everyday spending in a single app. Of those, someone travelling or living across multiple currencies who wants low-cost exchange and spending in one account and a user in the eea who wants their balance held with a licensed bank covered by a deposit guarantee scheme are not what Robinhood is typically brought in for.
What can Revolut do that Robinhood cannot?
Revolut covers Multi-currency accounts, Revolut Bank EEA deposits, Stock, crypto and commodity trading, Budgeting and spending analytics. Robinhood covers Commission-free trading, Options trading, Crypto trading, Fractional shares.

Answered from the vendors’ own pages

Revolut: Is my money safe with Revolut?

It depends on your country. EEA balances are held with a Lithuanian-licensed bank and generally covered by deposit guarantee up to 100,000 euro; UK balances have historically sat under e-money safeguarding rather than FSCS bank protection, though Revolut has been working toward full UK banking status since gaining a restricted licence in 2024.

Robinhood: What is the minimum amount needed to open a Robinhood account?

You can get started with as little as $1.

Source
Revolut: Is Revolut a bank?

In the EEA, yes, through Revolut Bank UAB, licensed in Lithuania. In the UK, it has historically operated as an e-money institution and was granted a restricted banking licence in 2024, with full UK banking status pending completion of a mobilisation period.

Robinhood: What does Robinhood Gold cost and what does it include?

Robinhood Gold is $5 per month and includes zero management fees on portfolios exceeding $100,000 through Robinhood Strategies.

Source
Revolut: Does Revolut charge for currency exchange?

Exchange is free up to a monthly allowance on the standard tier, after which a fair usage fee applies; paid plans raise or remove that allowance.

Robinhood: Are there trading commissions on Robinhood?

Robinhood offers 24/5 commission-free stock and ETF trading. Other fees may apply to your brokerage account as detailed in the RHF Fee Schedule.

Source
Robinhood: What cash back rate does Robinhood's credit card offer?

The Robinhood Agentic Credit Card offers 3% cash back on purchases.

Source
Robinhood: How much FDIC insurance coverage do Robinhood Cash Card accounts have?

Cash Card accounts are covered up to $250,000 through FDIC insurance via Sutton Bank.

Source
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