Use of ForEx

[capital]

@tj_hudson

Are there more exchange options in the Premium option?

Unlimited FX volume (but the same limitations in terms of number of exchanges per day.).

@capital

@arnaud

Great thread. I actually always wondered if it is against Terms & Conditions to speculate currencies. Revolut is not saying anything about that.

It’s not in the FAQ/help section but in the Terms & Conditions.

https://www.revolut.com/terms

I assume that the terms & conditions is intentionally expansive, and is only for edge case scenarios (e.g. Depositing £1,000,000 into Revolut and then using Revolut Premium for FX trading, rather than using an investment platform like IB or the private banking arm of an investment bank.).

Normal currency exchanges with reasonable amounts, but I assume that maxing out the £6,000 monthly limit will be fine.

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@arnaud

I agree it is the number one strengh/benefit of Revolut which actually makes me a bit frustrated when I see them focusing on other stuff but this, but oh well, I understand.

@arnaud

I actually wish I could get another revolut offer, half Premium price for instance, with unlimited fx xchange each month. No other service. No insurance, no special offer, no lounge access, no extra withdrawal, just unlimited fx xchange… basically, an offer dedicated to revolut’s core benefit, without all the side services.

Need to remember that currency exchange, whilst still the flagship feature of Revolut, is but one part of an expansive retail offering. A lot of other products–debit card linked to currency accounts (26 and counting!), integrations with other providers (Revolut Credit, Revolut Insurance, Revolut Wealth, …), cryptocurrencies support, …–are now under the umbrella of Revolut.