Fineco Bank Logo
Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • equity trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
512 people chose this broker in the last 6 months
BrokerChooser Score
4.7/5

Fineco Bank review summary

Fineco Bank is an Italian stockbroker and bank, regulated by the Bank of Italy, Consob, and subject to limited regulation by the top-tier FCA and PRA. Fineco Bank has low non-trading fees, including no fees for inactivity, deposit or withdrawal. Its mobile trading platform is well-designed and user-friendly. As a listed broker with a banking background, Fineco Bank scores high on safety. On the down side, you can use only bank transfer for deposit. Educational materials consist of only a few videos, webinars and some 'Help' articles. Lastly, charting tools are not very user-friendly. BrokerChooser gave Fineco Bank a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.

You can't open an account at Fineco Bank if you live in United States. See the best alternative available in your country.

Fineco Bank pros and cons

Pros Cons
Low non-trading fees Only bank transfer for deposit
Great mobile trading platform Limited educational tools
Rock-solid background Poor charting tools

Fineco Bank main highlights

🗺️ Country of regulation Italy, UK
💰 Trading fees class Average
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1-3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 21
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD
To read much more details about the broker's services and features, expand on the sections below.

Fineco Bank review
Fees

3.4
Fineco Bank has low stock and ETF fees, and no inactivity or withdrawal fees. However, forex fees are high, and holding positions overnight (i.e. financing rates) are also expensive.
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Fineco Bank review
Account opening

4.2
Fineco Bank's account opening is fully digital, and no minimum deposit is required. Account verification can be on the slow side, taking as much as 2 business days.
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Fineco Bank review
Deposit and withdrawal

4.6
Fineco Bank offers a great variety of account base currencies, and deposits are free. On the negative side, you can't use credit/debit cards or electronic wallets for deposit.
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Fineco Bank review
Web trading platform

4.0
Fineco Bank has a great web trading platform. It's well-designed and offers many features, including a convenient search function. However, the platform is not customizable.
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Fineco Bank review
Mobile trading platform

4.4
Fineco Bank's mobile trading app is well-designed and easy to use, and search is a breeze. Like on the web platform, though, alert functions are limited and there's no two-step login.
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Fineco Bank review
Desktop trading platform

2.4
Fineco Bank offers the PowerDesk platform for professional users. The platform is highly customizable, but it's not very user-friendly.
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Fineco Bank review
Markets and products

4.0
Fineco Bank has a wide product portfolio; from real stocks to CFDs, you can trade many asset classes. However, its selection of mutual funds and certain derivatives is limited.
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Fineco Bank review
Research

3.8
Fineco Bank has great research. From trading ideas to screeners, you can use many tools. On the negative side, its charting functions could use some improvement.
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Fineco Bank review
Customer service

4.5
Fineco Bank has great phone and email support. There's also live chat, though it can be a bit slow. The only thing we missed was 24/7 support.
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Fineco Bank review
Education

3.0
Fineco Bank's educational tools include webinars, 'Help' articles and a few videos. On the negative side, there is no demo account.
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Fineco Bank review
Safety

Fineco Bank is considered safe on many levels: it's regulated by top-tier authorities, is listed on an exchange, and has a banking background. Investor protection amounts are also high.
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Fineco Bank review
Bottom line

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Fineco Bank review
FAQ

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Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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