Fineco has always been a pioneer in online trading.
- Fully digital
- $0 minimum deposit
- Free withdrawal in most cases
- Good search function
- Limited educational tools
- Weak charting tools
Fineco is the first Italian financial brand to offer trading services via the Internet, the first foreign financial service provider to obtain an online licence from the Hong Kong Securities and Futures Commission and subsequently from all other main regulatory authorities worldwide.
As an initiative of the Banca Fineco Group, Fineco Trading was born to provide individual investors with a simple and secure platform to manage their personal stock exchanges online. Since then, Fineco has grown exponentially thanks to its partners’ unconditional trust and a large base of more than a million registered customers with the best financial products available on the market at the moment.
We conducted a detailed analysis and research of this trading platform in order to highlight all the advantages and disadvantages of the broker. We tested the platforms on different devices, analysed the tools’ operation, and studied many user reviews. Now, we are ready to share the results of our work below.
Fineco – Who are They
Fineco Bank is an Italian bank founded in 1999. It is regulated by the Bank of Italy, the Commissione Nazionale per le Società e la Borsa (Consob), and also subject to limited regulation by the UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).
Fineco belongs to Fineco Group, the leading retail financial group in Italy and Europe with 1,3+ million customers spread throughout the 5 continents. In addition, they indicate that about 94% of their clients are satisfied with the use of Fineco trading platforms.
The easy-to-use platform of Fineco Bank allows for a quick search for a single stock thanks to the form to enter the name and code or with an advanced search to filter by category. ETFs and bonds are in the screening process also easily. In fact, even if you are not the owner of an account, you can access a free number of useful information on the objects of your choice. The interface is available in Italian, English and German.
There are a great variety of markets for trading, including forex, indices, commodities, bonds, stocks, shares, CFDs and so on.
| Type | Fee |
|---|---|
| Minimum Deposit | $0 |
| Deposit Fee | No deposit fees |
| Withdrawal Fee | Fineco Bank charges no withdrawal fees for domestic non-instant bank transfer and debit card withdrawals. Instant bank withdrawal will cost 0.20% (min €0.85, max €2.95) |
| Inactivity Fee | No inactivity fee |
| Annual Fee | A maximum annual service fee of 0.25% on the total value of funds in your portfolio |
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Our Opinion about Fineco
FinecoBank is a multi-purpose broker that offers banking, online brokerage, and asset management services. By combining online brokerage services with banking, FinecoBank is able to help its customers finance their investments and deposit funds or withdraw money whenever they want and wherever they are.
The Fineco mobile app has fairly high ratings and many positive feedbacks. Many users praise the tooling and the quick work of the application. However, some claim that the platform is difficult for a first time user.
Of course, we appreciated Fineco’s educational materials, including informative webinars, helpful articles and videos. On the other hand, the broker does not have a demo account, which does not allow interested clients and newbies to test it.
So, we can conclude that the broker has great trading platforms, equipped with powerful tools and many instruments. But it is more suitable for advanced traders, as it has poor educational materials and the users interface is not easy to use for beginners.
FAQs
Yes. Fineco is a highly reputable online broker that offers over 20,000 CFD trading instruments, including forex, stocks, commodities, and ETFs. The broker has won multiple awards for its services, and its trading platform is considered user-friendly and efficient.
Absolutely. Fineco is regulated by the UK’s Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). This means that the broker provides its users with a certain level of protection, including securing your trading funds in a segregated account. You will also enjoy a conducive trading environment that contributes o an exciting trading experience.
No, Fineco and Interactive Investor are two separate companies offering different services. Fineco is primarily an online CFD broker that provides investment services. On the other hand, Interactive Investor is a self-directed investment platform that allows investors to manage their own portfolios.
Many banks offer investment services, including brokerage accounts and investment accounts. You can typically open an investment account with a bank by visiting a branch, contacting the bank’s customer service department, or applying online. Remember, always be familiar with the asset you plan to invest in and compare a bank’s features to ensure it fits your investment needs.
Yes. Fineco Bank UK is regulated by the Financial Conduct Authority (FCA) and is a member of the Financial Services Compensation Scheme (FSCS). This means that the company offers a secure trading environment and user protection for up to £85,000 of an individual’s funds in the event of the bank’s insolvency.
✔ Low non-trading fees
I choose reliable forex brokers like Fineco Bank, XM, and BD Swiss. Mostly, I use brokers that offer high leverage and low account minimums so, Fineco Bank and XM are the brokers that I use most frequently.
Fineco is a great share dealing option for price-conscious traders)))
Interesting broker review but I would like to know more before trading
all the trading brokers have pros and cons...Forex market is huge and the best broker depends upon your needs and style while trading. Be calm and take your time with decisions. Forex always requires attention, time, and perseverance! I wish you successful deals and a good time. Good luck!
I am highly pleased to use this wonderful and useful market app. Getting all the updates and news with price alerts from time to time.
This is a great broker, I admit their spreads are a bit high but overall they are good. I made many deposits and many accounts with Fineco, I won $1708 in trading with Fineco, I tried to withdraw $500, this morning already deposited to my bank account.
One thing to notice when it comes to trading with this company, is their support service response time. They will absolutely respond and solve your problem without any delay. That's what made me comfortable to keep on trading with this company.
Amazing bank and the best trading platform! Easy and efficient to invest with them! Super quick and easy to get support from Fineco.
Very good and easy to use broker, buying and selling shares with a couple of clicks. Great for salary and using for gaming online and trading. Highly recommend. Also works great in the UK.
Contacted the call center to clarify the issue of the card, and as always answered quickly and clearly. They have fantastic platforms and useful free education tools. Highly recommend it.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal