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Revolut Overview for Singapore
Revolut is a UK-founded fintech (2015) headquartered in London, with offices worldwide and over 45 million retail customers. In Singapore, Revolut has emerged as a popular multi-currency wallet, allowing SGD users to hold and exchange 30+ currencies at interbank rates. For traders, Revolut offers in-app currency conversion, precious metals and crypto trading, but notably lacks CFD/forex in the traditional sense for Singapore clients. The app launched in Singapore in 2020 and is now regulated by MAS, which makes it a legitimate onboarding option for people who want an all-in-one money app. However, sophisticated traders will quickly hit limits: no MT4/MT5, no dedicated web terminal, no ECN raw spreads and a maximum leverage of 20:1 for those who qualify. It is best viewed as a secondary tool for quick forex conversions or a cost-effective way to hedge currency exposure, not as a primary broker for regular day trading. This review looks at how Revolut fits Singaporean traders.
| Detail | Information |
|---|
| Founded | 2015 |
| Headquarters | UK |
| Regulated by | FCA,CBI,ACPR |
| Min Deposit | $0 |
| Max Leverage | 20 |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is Revolut Safe for Singapore?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore traders
Always verify Revolut's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
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Account Types for Singapore Traders
Standard Account
No Commission
Min Deposit$0
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$0
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | No |
| Scalping Allowed | No |
| Hedging Allowed | No |
| Expert Advisors (EA) | No |
| Copy Trading | No |
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Deposits & Withdrawals — Singapore Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Singapore deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Singapore Muslim Traders
Revolut does not offer Islamic or swap-free accounts. Because it operates as a money app rather than a traditional CFD broker, there is no overnight financing on currency positions — but there are also no Sharia-compliant structures such as goodwill compensation or broker waivers. Once you buy or sell FX, interest is not charged or credited. For Singapore Muslim traders who require a genuine swap-free environment, dedicated Islamic broker accounts remain necessary. Applying for an Islamic account in dedicated brokers usually requires certification; Revolut has no such process. Therefore, the answer is simple: Revolut is not suitable as a Sharia-compliant trading broker for Singapore Muslims.
| Feature | Details |
|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
No Islamic account
This broker does not offer an Islamic account. Muslim traders should consider Pepperstone, Exness, or XM Group which offer genuine swap-free accounts.
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Instruments & Markets in Singapore
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Singapore Review
Support verdict for Singapore
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Singapore Traders Make with Revolut
- Mistake: Not realising that Revolut is not a CFD broker — cannot short indices or trade FX with leverage in Singapore.
- Assuming 0.2% exchange spread is the same as a spread in pips — cost per trade is much higher than ECN brokers.
- Using a credit card top-up to deposit and then paying net 1.5% card top-up fee.
- Believing funds are protected under SDIC — Revolut is not a bank in Singapore, so no SDIC coverage.
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Revolut vs Competitors in Singapore
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| Revolut (current) | $0 | Check broker | No | No | 3.7 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — Revolut
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Singapore traders
Revolut segregates all client funds and is regulated by top-tier authorities.
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Revolut User Reviews & Ratings
CompareBroker Expert Rating
3.7
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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Revolut Latest News & Updates 2026
Revolut expands TradingView integration
Revolut has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Revolut maintains top-tier regulatory status
Revolut continues to hold its regulatory licenses, ensuring client fund protection for Singapore traders.
New instruments added for Singapore traders
Revolut has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Revolut Worth It for Singapore Traders?
3.7/5
★★★★★
Revolut is not a traditional forex broker, and that is the first Singapore traders need to understand. It is a fintech app that lets you hold, exchange, invest and pay globally — but with a 20:1 leverage cap and no support for MetaTrader, it is unsuitable for active intraday trading or scalping. For the average Singapore user, Revolut is a helpful secondary tool: you can convert SGD to USD, buy a few tech stocks, transfer money with PayNow instantly, and avoid the expensive FX spreads of local banks. However, sophisticated traders who want CFD markets such as Gold, Oil or SPX500, should use a dedicated MAS-regulated broker like IG, CMC Markets or OANDA to get full platform capabilities, tighter spreads and better trade execution. If you fit the fintech lifestyle and are happy with simplified investing, Revolut works well; if you are a dedicated trader seeking professional-grade conditions, steer clear.
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FAQ — Revolut for Singapore Traders
Is Revolut safe for Singapore traders?+
How can I deposit money in Revolut from Singapore?+
Does Revolut have Islamic account?+
What is the minimum deposit for Revolut in Singapore?+
What trading platforms does Revolut offer?+
Is Revolut regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
