Revolut is a UK-based fintech company founded in 2015 and now operating with over 50 million customers worldwide. While it started as a prepaid card and currency exchange app, it has expanded into commission-free stock trading, cryptocurrency, and forex CFDs. For Ukraine traders, Revolut is appealing because of its $0 minimum deposit, multi-currency wallet, and support for locally popular payment methods like Skrill, USDT, and bank transfers.
However, Revolut is not a typical forex broker. It does not offer MetaTrader platforms, advanced charting, or institutional-grade execution. The maximum leverage is limited to 20:1, which is far lower than brokers commonly used in Ukraine (many offer 1:100 or more). This makes Revolut more suitable for small positions and casual trading rather than active professional forex trading.
Given the volatile economy of Ukraine and the popularity of crypto and gold trading, Revolut's integrated app can be a simple entry point. Yet traders should understand its limitations, especially regarding regulation and local support, before choosing it as their primary broker.
| 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 |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| 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 |
Revolut does not offer Islamic (swap-free) accounts. This applies to all clients, including Muslim traders in Ukraine. Holding positions overnight, even on a small forex CFD trade, incurs a swap/rollover fee. This is in direct conflict with Sharia principles, which prohibit earning or paying interest.
For Ukrainian Muslims looking for halal trading options, this is a major downside. Several international brokers that operate in Ukraine, such as IC Markets or Exness, offer dedicated swap-free accounts. Revolut has not announced any plans to introduce them. Therefore, Islamic traders should either avoid holding positions overnight or search for an alternative broker that specifically supports swap-free trading.
| 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 |
| 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% |
| 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 |
Revolut is an honest, transparent fintech app that works well for Ukrainian beginners who need a simple way to trade forex, gold, or cryptocurrency with low initial costs. The $0 minimum deposit, support for Skrill and USDT, and a polished mobile app make it very attractive for quick trades, money transfers, and currency conversions.
However, if you are a serious forex trader in Ukraine — whether you scalp, swing trade, or use Expert Advisors — Revolut's limited platform, 20:1 leverage, and lack of Islamic accounts will quickly become a problem. The absence of local regulatory oversight and the absence of MT4/MT5 are deal-breakers for most experienced traders.
We recommend Revolut only for casual users who want to trade small amounts on their phone. For active trading, look for a regulated broker that offers MT4/MT5, higher leverage, and a local Ukrainian presence.