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.
Compare Fineco Features With Other Brokers
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.