Broker Name:
Revolut Expert
Broker Type:
Forex & CFDs
Operating since year:
2019
Regulation:
Unregulated
Address:
First Floor, First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines
Phone:
+447418355123
Email:
compliance.en@revolutexpert.co
Languages:
English, Russian, Polish, German, and Spanish
Availability:
24/5
Trading platforms:
MetaTrader
Demo account:
YES
Mobile trading:
YES
Web-based trading:
YES
Bonuses:
YES
Minimum deposit ($):
$250
Maximal leverage:
1:500
Revolut Expert is a Forex broker established in 2019 in St. Vincent and the Grenadines.
Revolut expert also claims to be the #1 broker in the global markets, offering over 1250 tradable assets. Other than forex, the broker supports trading with indices, Stocks, Commodities, and shares. The broker also claims to provide the most secure, affordable trading experience.
At first glance, Revolutexpert.co website looks decent, with all the information more or less transparent. However, we still came across some negative feedbacks and decided to provide an in-depth Revolut Expert review to help customers determine the broker is worthy of trust or not.
First, let’s discuss how secure is Revolut Expert’s trading platform. The website has no information regarding its regulation, meaning it is an unregulated broker. Also, Revolut Expert is registered in St. Vincent and the Grenadines. This is an offshore region, meaning that the broker is not under the supervision of any financial regulatory agency. So, we consider working with the offshore broker a big risk.
Revolut Expert claims to offer a highly protective trading system to cover the lack of regulation. According to the broker, clients’ funds are saved in segregated accounts at the world’s leading banks. (However, which banks, or with what terms exactly, is not mentioned). The broker also promises to store the customers’ personal and financial data on secure servers in accordance with PCI security standards. Detailed data regarding this security measure is still lacking.
Now let’s discuss what digital assets you can trade with Revolut Expert. You can trade liquid, minor, and exotic currency pairs, buy securities, buy and sell CFDs on various stock indices from other countries, or invest in metals, raw materials, and energy.
The broker claims to have 410000+ active users who successfully trade with their assets.
However, cryptocurrency, the leading industry of trading, is missing. Traders can’t buy and sell Bitcoin, Ethereum, or any other crypto coin, which is a big disadvantage.
MetaTrader is available on Revolut Expert. However, it is not mentioned their platform is MT4 or MT5.
Many online brokerages offer the MetaTrader platform, so this is not exciting. However, we still appreciate that they provide it, not some in-build poor trading platform.
MetaTrader has many in-built trading tools, analytical capabilities, risk management, indicators, etc. The platform is also available on android and iOS phones, so if you prefer trading on the go, you can easily download the app.
There is not such extensive variety in trading accounts at Revolut Expert. Only three types are available: Classic, Platinum, and VIP. The accounts are pretty pricey. The minimum price to open the classic one is $1000, platinum is $10,000, and the VIP costs $50,000. Let’s discuss each account and its features in detail.
Classic Account
Platinum Account
VIP Account
Honestly, 24/5 customer support service is not that exciting. Customer support should be available for free for anyone, so including it in your service list is exaggerated.
Additionally, Revolut Expert offers leverage up to 1:500. Such high leverage is extremely risky when you work with the not fully trusted broker, as it might cost you an entire investment if the trade turns out unsuccessful.
Several account funding methods are available on Revolut Expert: Visa/Master Card, Maestro, Verified by Visa, Piastrix, crypto wallets, and Wire Transfer.
The minimum deposit amount for Credit/Debit cards starts from $250. The maximum Deposit amount is unlimited.
Withdrawals can only be made through the same bank account or credit/debit card the customer uses to deposit funds.
Withdrawal requests are generally processed within 4-7 working days according to the terms.
If the receiving bank uses an intermediary bank to send/receive funds, the trader may incur additional fees charged by the intermediary bank. These fees are usually used to transfer wire transfers to your bank.
All deposits deposited into the company by credit card or wire transfer are not affected by company fees. In short, Revolut Expert will not charge you a commission. Customers may see fees charged to them, and these fees will come from the customer’s bank.
Your trading account may be charged an inactivity fee according to work regulations. The commission will be deducted from your account balance every month until you resume your account activity or until the balance reaches zero.
However, withdrawal is what the clients found the most issues while working with Revolut Expert. According to their experience, the withdrawal procedure is complicated, takes weeks, and sometimes does not occur. Thus, we suggest you avoid the frustration and find a more reliable broker.
The website is available in 5 languages: English, Russian, Spanish, Polish, and German. This is a big plus for the broker, as usually, the investor firms offer English service, and not all the traders can fluently understand these complicated trading terms.
Clients can reach customer service via phone, email, or the message box on the website.
To conclude, Revolut Expert offers relatively decent trading services. However, it is an unregulated broker located in the offshore zone, with a shady reputation on the market. Traders start trading to profit, and withdrawal should be the most smooth and fast procedure. However, lots of clients find it impossible.
In our Revolut Expert review, we analyzed the ups and downs of the broker, and we hope you will make the right decision for yourself.
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0 Comments
Avoid them
Avoid this trading company, they will never pay your profit.
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Fraud
Avoid this broker company. They are frauds and never pay a profit.
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Worst trading platform
Worst trading platform. There are so many technical problems encountered during trading. It greatly affects my trade results.
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Unable to withdraw
I will not trade with this broker anymore. I was not able to withdraw anything.
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Beware with them
They cheat people to collect money. Beware of them.
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Never deal with this broker. They will lead you to something not real, you will not get back your money and they will ask for more.
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Do not deal
Do not deal with this broker, signals are worthless. Services aren’t good at all.
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