Revolut

Revolut is a licensed bank in the EEA and an e-money institution elsewhere, offering multi-currency accounts with local details in several currencies. For a trader it functions two ways: as a card issuer, and as a bank sending a normal transfer with an IBAN in your own name.

Card versus transfer

The transfer route is the reliable one. A Revolut account with local details sends money under your own name, which passes broker compliance the same way any bank transfer does. The card route is faster but inherits every card-payment limitation: brokers refund to the card only up to the deposited amount, and some issuers restrict brokerage merchant codes.

Revolut's own controls matter too. The app blocks certain merchant categories by default on some plans, and a declined deposit is often a Revolut security setting rather than a broker rejection — check the app's card controls before assuming the broker refused it.

Currency conversion

The main advantage is converting inside the app at interbank rates on weekdays, then funding the broker in the account's own currency. Converting to USD in Revolut and sending USD to a USD trading account avoids paying the broker's conversion margin on every deposit. Weekend conversions carry a surcharge, and free monthly exchange allowances are capped by plan.

Withdrawals

Most brokers that accept Revolut deposits by transfer will also pay withdrawals to Revolut local details, provided the account name matches. Where the broker's bank only supports SWIFT, a Revolut IBAN still works but arrives more slowly and may carry intermediary charges.

What to check first

Confirm the broker accepts payments from an electronic money institution — a minority of brokers require a traditional bank. Confirm the name on your Revolut account matches your broker profile exactly. ProForexBrokers.com treats a mismatch between the two as the most common single cause of a delayed first withdrawal.