Investing with Revolut | Users on ETF Pros and Cons
A rising number of people debate the merits of using Revolut for ETF investments. Insights shared on various forums highlight mixed feelings about trading fees, user experience, and investment strategies, pointing out notable advantages and drawbacks.
User Trust: Is Revolut Productive for Investing?
Many users find Revolut fitting for daily expenses. "For daily life expenses, Revolut has been great for me," one person remarked. However, sentiments shift when discussing investing in crypto and ETFs.
Key Themes from Recent Comments
High Fees
Concerns over fees dominate discussions. A user noted, "0.12 in, 0.12 out" and added that it severely impacts profits, underscoring that while a 3% profit sounds good, such fees shrink it down substantially.
Premium Plan Appeal
Some praise the premium plan, citing commission-free transactions as a major plus. A long-time user reported success with that setup, saying, "I can set up fixed monthly investment without commission. It's great and simple."
Investment Strategy Variations
Investment approaches vary, with some favoring dollar-cost averaging (DCA) as a strategy. One comment stated it's manageable and effective: "Great for DCA! No crypto no problems so far." Several users also expressed a desire to switch to platforms like IBKR once investment goals are met, aiming to avoid keeping all their funds in one place.
"Don't put all your eggs in one basket," advised a cautious investor who noted complaints about blocked accounts on Revolut.
Sentiment Patterns
Most feedback on the platform displays a mix of concern over fees and appreciation for the software's usability. Users appear divided on whether Revolut meets the comprehensive investing needs of dedicated traders.
Key Insights
🚫 High fees for transactions on Revolut are a primary concern among users.
👌 The premium plan allows for some commission-free trades, helpful for newcomers.
💬 Opinions differ widely based on individual investment goals and experiences.