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Our top alternative brokers to Fineco Bank
Saxo Bank
4.8
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DEGIRO
4.8
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Our top alternative brokers to Fineco Bank
Saxo Bank
4.8
Open account
DEGIRO
4.8
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Fineco Bank Alternatives

The best alternatives to Fineco Bank are

  1. Saxo Bank - Danish investment bank
  2. DEGIRO - Dutch discount broker
  3. Swissquote - Swiss investment bank

Let's see in a bit more detail how the Fineco Bank alternatives compare to Fineco Bank and each other:

Fineco Bank alternatives comparison
Fineco Bank Saxo Bank DEGIRO Swissquote
Overall score 4.6 4.8 4.8 4.5
Fees score 3.4 stars 3.0 stars 4.8 stars 1.6 stars
Account opening score 4.4 stars 2.5 stars 5.0 stars 4.0 stars
Deposit and withdrawal score 3.3 stars 4.8 stars 3.3 stars 4.1 stars
Web platform score 4.3 stars 5.0 stars 3.9 stars 4.3 stars
Markets and products score 3.8 stars 5.0 stars 3.5 stars 5.0 stars
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Why are these brokers considered good alternatives to Fineco Bank? There are many areas based on which Fineco Bank can be compared with others. When we say a given online broker is a good alternative to Fineco Bank we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Fineco Bank alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Fineco Bank is recommended for traders and investors looking for a great trading platform and a broker with a solid background
  • Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
  • DEGIRO is recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
  • Swissquote is recommended for affluent investors who value safety and are ok with higher fees

Important factors of finding Fineco Bank alternatives

So far BrokerChooser has reviewed 78 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Fineco Bank or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts Fineco Bank charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than Fineco Bank.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Fineco Bank, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Fineco Bank alternative is a must.


Now let's dive into the details of how Fineco Bank and its alternatives perform in the most important areas!

Fineco Bank alternatives
Fineco Bank

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 Bank has a banking license, is listed on the Italian stock exchange (Borsa Italiana), and is a constituent of the STOXX Europe 600 stock index.

At the time of our review, Fineco Bank accepted customers from the UK and Italy only. The service is slightly different for UK and Italian customers, e.g. fees are different. In this review, we tested the company's UK services, but we'll highlight all relevant information for Italian customers as well.

Fineco Bank is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, and discloses its financials transparently.

Recommended for traders and investors looking for a great trading platform and a broker with a solid background

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

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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.
Pros Cons
Low non-trading fees High forex and options fees
Low stock and ETF fees High fees for CFD overnight positions
Low fund fees
Fineco Bank alternatives trading fees
Fineco Bank Saxo Bank DEGIRO Swissquote
US stock $4.0 $10.0 $0.7 $25.0
UK stock $3.8 $10.4 $2.6 $32.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

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Account opening
4.4

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.
Pros Cons
Fully digital Slightly slow account verification
No minimum deposit
Fineco Bank alternatives minimum deposit and account open times
Fineco Bank Saxo Bank DEGIRO Swissquote
Minimum deposit $0 $10,000 $0 $0
Time to open account 1-3 days >3 days 1 day 1 day

Learn more about Fineco Bank minimum deposit here.

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Deposit and withdrawal
3.3

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.
Pros Cons
No deposit fee Credit/Debit card deposit not possible
Several account base currencies Electronic wallets not accepted
Free withdrawal in most cases
Fineco Bank and alternatives withdrawal options and fees
Fineco Bank Saxo Bank DEGIRO Swissquote
Bank transfer Yes Yes Yes Yes
Credit/debit card Yes No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $10

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Web trading platform
4.3

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.
Pros Cons
Good search function Limited customizability (for charts, workspace)
Good variety of order types
Modern design
Fineco Bank - Web trading platform
Fineco Bank and alternatives trading platform scores
Fineco Bank Saxo Bank DEGIRO Swissquote
Web platform score 4.3 stars 5.0 stars 3.9 stars 4.3 stars
Mobile platform score 4.7 stars 5.0 stars 4.4 stars 4.7 stars
Desktop platform score 2.7 stars 5.0 stars - 3.4 stars

Learn more about Fineco Bank's web trading platform in the detailed Fineco Bank review.

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Markets and products
3.8

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.
Fineco Bank and alternatives markets and products
Fineco Bank Saxo Bank DEGIRO Swissquote
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex Yes Yes No Yes
Fund Yes Yes Yes Yes
Bond Yes Yes Yes Yes
Options Yes Yes Yes Yes
Futures Yes Yes Yes Yes
CFD Yes Yes No Yes
Crypto No Yes Yes Yes

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Verdict

Fineco Bank is a great service provider for trading and investing. It has a solid background as a bank, and its status is further strengthened by its listing on the Borsa Italiana. It is also a constituent of the Stoxx Europe 600 stock index.

Fineco Bank has low non-trading fees: there is no fee for inactivity, deposit or withdrawal. We also liked Fineco's mobile trading platform because of its user-friendliness.

However, Fineco Bank's deposit options, educational material and charting tools are limited.

As you can trade many products at a low cost and no inactivity fee is charged, feel free to give Fineco Bank's brokerage service a try.

Fineco Bank
Summary Fineco Bank is an Italian stockbroker and bank, regulated by Bank of Italy, Consob, and subject to limited regulation by the top-tier FCA and PRA. Fineco is listed on the Borsa Italiana and constituent of the STOXX Europe 600 stock index.
Fees score 3.4 stars
Recommended for Traders and investors looking for a great trading platform and a broker with a solid background

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Fineco Bank alternatives
Saxo Bank

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

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Fees
3.0

Saxo Bank has average trading and non-trading fees overall. Trading fees vary greatly between different asset classes.
Pros Cons
Low forex fees Inactivity fee
Low fund fees High bond, options and futures fees
No withdrawal fee
Fineco Bank vs. Saxo Bank: Trading fees
Saxo Bank Fineco Bank
Apple benchmark fee $20.3 $8.2
Vodafone benchmark fee $21.5 $8.3
EURUSD benchmark fee $7.9 $17.3

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
2.5

Saxo's account opening is fully digital, user-friendly and available in most countries. On the other hand, the minimum deposit is high in certain countries and account verification can take longer.
Pros Cons
Fully digital Minimum deposit is high in certain countries
User-friendly Slow account verification
Available in almost every country
Fineco Bank vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank Fineco Bank
Minimum deposit $10,000 $0
Time to open account >3 days 1-3 days

If you are interested more in Saxo Bank minimum deposit, this overview will help you.

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Deposit and withdrawal
4.8

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets not available for deposit or withdrawal
Free withdrawal
No deposit fee
Fineco Bank vs. Saxo Bank: Withdrawal options
Saxo Bank Fineco Bank
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. While it's easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Web trading platform of Saxo Bank, a Fineco Bank alternative
Fineco Bank vs. Saxo Bank: Trading platform scores
Saxo Bank Fineco Bank
Web platform score 5.0 stars 4.3 stars
Mobile platform score 5.0 stars 4.7 stars
Desktop platform score 5.0 stars 2.7 stars

Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.

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Markets and products
5.0

Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where the selection could be improved.
Fineco Bank vs. Saxo Bank: Markets and products
Saxo Bank Fineco Bank
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes Yes
Crypto Yes No

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Verdict

Saxo Bank is a great broker, providing a complex and good service.

It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 3.0 stars
Recommended for Investors and traders looking for a great trading platform and solid research

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Fineco Bank alternatives
DEGIRO

DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.

DEGIRO is regulated by top-tier financial authorities such as the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.

Disclaimer: Investing involves risk of loss.

Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Forex not available
Regulated by multiple top-tier authorities Limited research and education
Easy-to-use web and mobile platform No credit/debit card deposit

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Fees
4.8

DEGIRO has low trading fees for all asset classes, from stocks to options. Non-trading fees are also low, as there are no inactivity or withdrawal fees.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
Fineco Bank vs. DEGIRO: Trading fees
DEGIRO Fineco Bank
Apple benchmark fee $1.7 $8.2
Vodafone benchmark fee $5.8 $8.3
EURUSD benchmark fee - $17.3

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
Pros Cons
Fast None
Fully digital
No minimum deposit
Fineco Bank vs. DEGIRO: Minimum deposit, time to open an account
DEGIRO Fineco Bank
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

If you are interested more in DEGIRO minimum deposit, this overview will help you.

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Deposit and withdrawal
3.3

DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit funds using a credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
Fineco Bank vs. DEGIRO: Withdrawal options
DEGIRO Fineco Bank
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.9

DEGIRO's web platform is simple and easy to use, even for beginners. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Web trading platform of DEGIRO, a Fineco Bank alternative
Fineco Bank vs. DEGIRO: Trading platform scores
DEGIRO Fineco Bank
Web platform score 3.9 stars 4.3 stars
Mobile platform score 4.4 stars 4.7 stars
Desktop platform score - 2.7 stars

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

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Markets and products
3.5

At DEGIRO, you can access many markets and trade a lot of different products. CFD and forex are not available, though.
Fineco Bank vs. DEGIRO: Markets and products
DEGIRO Fineco Bank
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD No Yes
Crypto Yes No

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Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

Transaction costs are generally very low. DEGIRO also has one of the best trading platforms for Europeans. In addition, the account opening process is fast.

On the other hand, education and research tools are limited. We should also mention that there is no forex trading, and most clients can only deposit and withdraw by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA.
Fees score 4.8 stars
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

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Fineco Bank alternatives
Swissquote

Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options and futures, and a company in the UK for CFDs and forex.

Formally, Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country's financial regulator.

The other entity, Swissquote Ltd, is UK-based and offers CFDs and forex trading. It is regulated by the Financial Conduct Authority (FCA), the UK's financial authority.

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, discloses detailed financials regularly and has a long track record.

Here, we focus mainly on the Swiss entity, sometimes referred to as "Swissquote (CH)". Throughout our content, we will refer to the UK-based entity as "Swissquote Forex (UK)".

Recommended for affluent investors who value safety and are ok with higher fees

Pros Cons
Access to many markets and products High trading fees
No inactivity fee Confusing trading platform selection
Rock-solid background Some research tools are not free

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Fees
1.6

Swissquote charges no inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including stocks and ETFs fees, and there is a fee for withdrawing your money.
Pros Cons
Low fund fees High stock and ETF fees
No inactivity fee High forex fees
High bond fees
Fineco Bank vs. Swissquote: Trading fees
Swissquote Fineco Bank
Apple benchmark fee $50.3 $8.2
Vodafone benchmark fee $65.7 $8.3
EURUSD benchmark fee $17.6 $17.3

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
4.0

Swissquote offers a fully digital account opening process, although we encountered wait times. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
Pros Cons
Fully digital Long wait times
No minimum deposit for trading account Forex and robo-advisor accounts have high minimum
Fineco Bank vs. Swissquote: Minimum deposit, time to open an account
Swissquote Fineco Bank
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

If you are interested more in Swissquote minimum deposit, this overview will help you.

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Deposit and withdrawal
4.1

Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer, and the Swiss entity charges fees.
Pros Cons
Credit/Debit card available Swiss entity charges withdrawal and deposit fees
Several account base currencies
Fineco Bank vs. Swissquote: Withdrawal options
Swissquote Fineco Bank
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No No
Withdrawal fee $10 $0

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Web trading platform
4.3

The Swissquote (CH) eTrading platform has a lot of functions, so many that sometimes it can get complicated. Customizability is good and there is a clear overview of trading fees, but it's easy to get lost on the platform.
Pros Cons
Clear fee report Easy to get lost among functions
Two-step (safer) login
Good search function
Web trading platform of Swissquote, a Fineco Bank alternative
Fineco Bank vs. Swissquote: Trading platform scores
Swissquote Fineco Bank
Web platform score 4.3 stars 4.3 stars
Mobile platform score 4.7 stars 4.7 stars
Desktop platform score 3.4 stars 2.7 stars

Learn more about Swissquote's web trading platform in the detailed Swissquote review.

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Markets and products
5.0

At Swissquote (CH) you can access many markets and trade with a lot of different product types. At Swissquote Forex (UK) you can trade only forex and some CFDs.
Fineco Bank vs. Swissquote: Markets and products
Swissquote Fineco Bank
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes Yes
Crypto Yes No

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Verdict

Swissquote is an investment bank with a rock-solid background:

  • It is Swiss,
  • it is listed on an exchange
  • and it is a bank

It has two main entities, one in the UK and one in Switzerland. If you open an account at the London-based entity you can trade forex and CFDs, while the Swiss entity gives you access to assets ranging from stocks to options.

Swissquote offers a broad range of products across many markets. There are many stocks, mutual funds, and a lot of different other types of products, from bonds to cryptos.

However, nothing is free: Swissquote's trading fees are relatively high

All in all, Swissquote is a great stockbroker. As you can trade many products and no inactivity fee is charged, feel free to give it a try.

Swissquote
Summary Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
Fees score 1.6 stars
Recommended for Affluent investors who value safety and are OK with higher fees

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Fineco Bank alternatives
Bottom line

Based on our analysis, there are several good alternatives to Fineco Bank. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Fineco Bank alternatives
Broker Info Recommended for
Fineco Bank Italian bank Traders and investors looking for a great trading platform and a broker with a solid background
Saxo Bank Danish investment bank Investors and traders looking for a great trading platform and solid research
DEGIRO Dutch discount broker Price-sensitive buy-and-hold investors and traders looking only to carry out transactions
Swissquote Swiss investment bank Affluent investors who value safety and are OK with higher fees

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

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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