A broker or prop firm setting up its operating account almost always ends up looking at the same two names: Wise and Revolut Business. Both are multi-currency business accounts built for companies that hold and move money across borders, both issue cards, and both publish an API for firms that want to automate payments rather than log in and click. The Wise vs Revolut Business question for a trading firm is not which app looks better. It is which one matches how the firm actually moves money, and what each one's own policy says about businesses like yours.
This is a comparison of what each product publicly is, not investment or legal advice, and not a claim about whether either will approve your specific account. SGHK is a software company. We build eTrader and the Broker CRM and Prop Firm CRM; we do not process payments and we do not open bank accounts for anyone.
What Wise Business is built for
Wise Business is a multi-currency account aimed at companies that pay and get paid internationally. It holds balances in a range of currencies at once, gives the account local receiving details in several of them, and converts between currencies inside the account rather than through a separate bank transfer. A linked business debit card draws directly from those balances. For firms that want to automate rather than log in manually, Wise publishes an API that supports batch payment uploads, so a business can send a file of payouts in one call instead of one transfer at a time.
Wise also publishes an Acceptable Use Policy that lists categories of business it will not open or keep an account for. That policy is the one fact in this article we can state with certainty rather than describe generically, and it matters directly to trading firms. It is covered in its own section below.
What Revolut Business is built for
Revolut Business is a business current account and card app from Revolut. Like Wise, it offers multi-currency balances, local receiving details in several currencies, and a business card program with controls for individual employee cards. Revolut Business also publishes bulk payment tools and an API aimed at companies that want to push payouts programmatically rather than through the dashboard.
Revolut publishes its own restricted and prohibited business lists separately from Wise's. We have not found a specific statement from Revolut about forex, CFD or prop trading businesses, so we are not going to guess what that policy says. If a trading firm is considering Revolut Business, the only responsible step is to check Revolut's current acceptable-use and restricted-business policy directly before applying, because these lists change and a description written today can be wrong by the time you read it.
Wise vs Revolut Business: the account features that matter for a trading firm
Set side by side, the two products solve the same problem in a similar way. The differences that matter for a broker or prop firm are in the account type, the payout tooling and, above everything else, whether the provider's own policy names your kind of business at all.
| Feature | Wise Business | Revolut Business |
|---|---|---|
| What it is | Multi-currency business account with a linked debit card | Business current account and card app from Revolut |
| Currency balances | Holds and converts multiple currencies, with local receiving details in several | Holds and converts multiple currencies, with local receiving details in several |
| Mass payouts | API supports batch payment uploads and programmatic transfers | Bulk payment tools and an API for business customers |
| Cards | Business debit card | Business debit cards with per-employee spending controls |
| Stated FX/CFD trading policy | Acceptable Use Policy lists FX, CFD and options trading platforms among prohibited activities | Not verified; check Revolut's current policy directly |
Wise's Acceptable Use Policy and trading platforms
Wise publishes an Acceptable Use Policy that names the categories of business it does not support. That policy lists platforms allowing the trading and exchange of FX, CFDs or options as one such category, alongside money service businesses such as currency exchange and payment processing, and businesses that trade or exchange cryptocurrencies. This is stated plainly on Wise's own Acceptable Use Policy page, not inferred from a support forum or a rejected application someone posted online.
This is the single biggest reason a broker or prop firm looking at Wise Business needs to read the policy itself before applying, rather than assuming a business account works the way a personal Wise account might. Policies are also not static. Wise can add, remove or reword categories, so the responsible move is to check the current version of the page at the time you apply, not to rely on what this article or any other says it said last year. Our guide on high-risk merchant accounts for trading businesses covers why trading firms get classified this way by payment providers more broadly.
How to choose between them
If your firm's main need is a straightforward operating account for holding currency balances and running payroll or supplier payments, both Wise Business and Revolut Business are built for that job and either is worth a look, subject to each one's own onboarding decision on your specific business. If your firm's core activity is running a trading platform, a brokerage or a funded-trader program, Wise's own published policy lists that kind of platform among prohibited activities, which is worth knowing before you spend time on an application. Revolut Business may or may not have a comparable position; we have not found one, so the only honest answer is to ask Revolut directly and read whatever restricted-business page it currently publishes.
None of this decides how a firm actually gets paid by clients or pays out trader winnings, which usually runs through a separate card, crypto or PSP processor rather than the operating account itself. SGHK does not process payments or open bank accounts, but the Broker CRM and Prop Firm CRM connect to any KYC provider and any card, crypto or PSP processor by API, and SGHK introduces firms to processors in its partner network when a firm needs help finding one that will work with a trading business. For firms weighing wider options than these two accounts, see our Wise alternatives for trading firms guide and our rundown of EMI accounts for brokers.
"We tell every firm the same thing before they open an account anywhere: read the provider's own restricted-business list first. It changes, and it is the only page that actually answers the question."
— The SGHK Team
Key Takeaways
- Wise Business and Revolut Business both offer multi-currency balances, local receiving details, business cards and an API for batch payouts.
- Wise's own Acceptable Use Policy lists platforms trading FX, CFDs or options among prohibited activities. Check the current page before applying.
- We have not found a comparable statement from Revolut. Confirm directly with Revolut before assuming either way.
- Neither account is a payment processor for client deposits or trader payouts; most firms still need a separate card, crypto or PSP connection for that.
Frequently Asked Questions
Does Wise accept forex brokers or prop firms as customers?
Wise's Acceptable Use Policy lists platforms that allow the trading or exchange of FX, CFDs or options among prohibited activities. That is stated on Wise's own policy page, not assumed. Because policies change, check the current version directly on Wise's site before applying rather than relying on any secondhand summary, including this one.
Does Revolut Business accept trading firms?
We have not found a specific published statement from Revolut about forex, CFD or prop trading businesses. Revolut publishes its own restricted and prohibited business categories separately from Wise. Check Revolut's current policy directly before applying.
Can Wise or Revolut Business replace a broker's payment processor?
No. Both are business current accounts for holding balances, paying suppliers and running payroll. Client deposits and trader payouts on a trading platform usually run through a dedicated card, crypto or PSP processor connected to the firm's CRM, not through a general business current account.
What should a new broker or prop firm do before opening either account?
Read the provider's current acceptable-use or restricted-business policy in full, describe your actual business activity accurately in the application, and have your licensing and incorporation documents ready. If the account is declined or closed later, that is a business banking outcome to plan around, not a sign to misdescribe the business on a second attempt.
About SGHK
SGHK is a FinTech company that designs and builds its own software for the trading industry: the eTrader trading platform, Launch your Broker and Launch your Prop Firm. Every product is written, hosted and supported in-house and licensed to trading firms, with the CRMs branded to them, all hosted by us in the cloud, managed by each firm and built to scale across clustered servers as our clients grow. Everything is encrypted, and each firm is the only one with access to its data and its clients' data.