Fineco Bank Alternatives

The best alternatives to Fineco Bank are

1. Saxo Bank - Danish investment bank
2. Interactive Brokers - US discount broker
3. Hargreaves Lansdown - UK-based stockbroker
4. Interactive Investor - UK stockbroker

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

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
• Interactive Brokers is recommended for traders looking for low fees and a professional trading environment
• Hargreaves Lansdown is recommended for beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms
• Interactive Investor is recommended for beginners and investors focusing on the uk market

Important factors of finding Fineco Bank alternatives

So far BrokerChooser has reviewed 85 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!

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

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Fees

3.1

Saxo Bank has average trading and non-trading fees overall. Trading fees vary greatly between different asset classes.

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.

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.

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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.

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.

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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.

Below you can find links to all aspects of Saxo Bank in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Saxo Bank fees article.

What about the minimum deposit?

Our ultimate guide to the Saxo Bank minimum deposit is updated regularly.

How to start your Saxo Bank account?

Look no further than our evaluation of the Saxo Bank account opening.

How's their trading app?

Here's our expert view after checking the Saxo Bank trading app.

Is the quality of customer service satisfactory?

All you need to know about the Saxo Bank customer service.

Legit or scam?

Is Saxo Bank legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Saxo Bank is really free.

Is this broker good for beginners?

We checked it in Is Saxo Bank good for beginners.

Should you buy your silver bullets on Saxo Bank?

Research for silver bugs in the Silver buy on Saxo Bank guide

I want to trade options, are they available at Saxo Bank?

We explored the topic in Can you trade options on Saxo Bank?

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Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

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Fees

4.2

Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.

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

3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.

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

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Deposit and withdrawal

3.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.

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Web trading platform

4.5

Interactive Brokers's web platform is simple and easy to use, even for beginners.

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

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Markets and products

5.0

Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.

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Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.

On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools. 

There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Below you can find links to all aspects of Interactive Brokers in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Interactive Brokers fees article.

What about the minimum deposit?

Our ultimate guide to the Interactive Brokers minimum deposit is updated regularly.

How to start your Interactive Brokers account?

Look no further than our evaluation of the Interactive Brokers account opening.

How's their trading app?

Here's our expert view after checking the Interactive Brokers trading app.

Is the quality of customer service satisfactory?

All you need to know about the Interactive Brokers customer service.

Legit or scam?

Is Interactive Brokers legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Interactive Brokers is really free.

Is this broker good for beginners?

We checked it in Is Interactive Brokers good for beginners.

Should you buy your silver bullets on Interactive Brokers?

Research for silver bugs in the Silver buy on Interactive Brokers guide

I want to trade options, are they available at Interactive Brokers?

We explored the topic in Can you trade options on Interactive Brokers?

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Hargreaves Lansdown is one of the biggest UK-based stockbrokers. It was founded in 1981 and is regulated by the top-tier Financial Conduct Authority (FCA). In addition, it is a listed company and a constituent of the FTSE 100, a stock index of the biggest listed companies in the UK.

Hargreaves Lansdown is considered safe because it has a long track record, is regulated by a top-tier authority, and is listed on a stock exchange.

Recommended for beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms

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Fees

2.7

Hargreaves Lansdown has low fund and bond trading fees and there is no inactivity fee. However, the stock and ETF fees are high.

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

4.4

Hargreaves Lansdown's account opening process is quick and easy as long as you're in the UK and they manage to electronically verify you. If verification fails or you live outside the UK, you have to send the photocopied documents by post.

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

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Deposit and withdrawal

3.8

Depositing and withdrawing money is easy and free with a debit card or fast bank transfers at Hargreaves Lansdown. Unfortunately, accounts are available only in GBP.

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Web trading platform

3.7

Hargreaves Lansdown's web platform is great. It is user-friendly and easy to use. However, it lacks a two-step login, customizability, and advanced charting is very slow.

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

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Markets and products

3.0

Hargreaves Lansdown offers a lot of funds, and you can access an average number of stock markets. You can trade with forex, CFDs and cryptos via IG, another broker. There are no options or futures.

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Verdict

Hargreaves Lansdown is one of the biggest UK brokers and is regulated by a top-tier authority.

Its customer service is great, providing you with relevant answers within a short time. The web and mobile trading platforms are user-friendly and the educational tools are high-quality.

It has some drawbacks though: it has high fees for stocks and ETFs, account opening for clients outside the UK is not fully digital, and there is only one base currency (GBP).

As there is no minimum deposit and no inactivity fee, Hargreaves Lansdown is a good choice for opening a trading account.

Below you can find links to all aspects of Hargreaves Lansdown in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Hargreaves Lansdown fees article.

What about the minimum deposit?

Our ultimate guide to the Hargreaves Lansdown minimum deposit is updated regularly.

How to start your Hargreaves Lansdown account?

Look no further than our evaluation of the Hargreaves Lansdown account opening.

How's their trading app?

Here's our expert view after checking the Hargreaves Lansdown trading app.

Is the quality of customer service satisfactory?

All you need to know about the Hargreaves Lansdown customer service.

Legit or scam?

Is Hargreaves Lansdown legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Hargreaves Lansdown is really free.

Is this broker good for beginners?

We checked it in Is Hargreaves Lansdown good for beginners.

Should you buy your silver bullets on Hargreaves Lansdown?

Research for silver bugs in the Silver buy on Hargreaves Lansdown guide

I want to trade options, are they available at Hargreaves Lansdown?

We explored the topic in Can you trade options on Hargreaves Lansdown?

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Interactive Investor (ii) is the second biggest UK stockbroker, regulated by the Financial Conduct Authority (FCA). It was founded in 1995 and incorporated in its current form in 2003.

UK investors can open ISA and SIPP accounts.

Interactive Investor is considered safe because it has a long track record and is overseen by a top-tier regulator.

Recommended for beginners and investors focusing on the uk market

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Fees

3.3

Interactive Investor has average trading fees, including low fund fees; while regular investments are free. On the other hand, there is a monthly account fee.

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

Opening an account with Interactive Investor is fast, fully digital, and involves no minimum deposit, but only UK addresses are accepted.

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

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Deposit and withdrawal

3.8

Deposit and withdrawal are easy, quick and mostly free. On the negative side, electronic wallets and credit/debit cards are not accpeted for withdrawal.

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Web trading platform

3.8

Interactive Investor's web trading platform is easy to use, but there is no two-step login option, and the platform cannot be customized.

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

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Markets and products

3.0

Interactive Investor offers stocks, ETFs, funds, and bonds, but funds and bonds cover only the UK market.

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Verdict

Interactive Investor is one of the biggest UK brokers, and is regulated by the top-tier FCA.

It has a user-friendly and well-designed web trading platform. UK investors can open ISA and SIPP accounts. Deposit and withdrawal are easy and fast. Its customer service is great, giving you quick and useful answers.

Interactive Investor has some drawbacks though. Its product offer covers only traditional products, like UK funds and a rather average selection of stocks. Technical research tools are limited, and there is a monthly account fee.

As there is no minimum deposit and you can use great trading platforms, feel free to try Interactive Investor.

Below you can find links to all aspects of Interactive Investor in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Interactive Investor fees article.

What about the minimum deposit?

Our ultimate guide to the Interactive Investor minimum deposit is updated regularly.

How to start your Interactive Investor account?

Look no further than our evaluation of the Interactive Investor account opening.

How's their trading app?

Here's our expert view after checking the Interactive Investor trading app.

Is the quality of customer service satisfactory?

All you need to know about the Interactive Investor customer service.

Legit or scam?

Is Interactive Investor legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Interactive Investor is really free.

Is this broker good for beginners?

We checked it in Is Interactive Investor good for beginners.

Should you buy your silver bullets on Interactive Investor?

Research for silver bugs in the Silver buy on Interactive Investor guide

I want to trade options, are they available at Interactive Investor?

We explored the topic in Can you trade options on Interactive Investor?

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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

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.

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

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.

Learn more about Fineco Bank minimum deposit here.

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.

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.

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

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.

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.

Below you can find links to all aspects of Fineco Bank in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Fineco Bank fees article.

What about the minimum deposit?

Our ultimate guide to the Fineco Bank minimum deposit is updated regularly.

How to start your Fineco Bank account?

Look no further than our evaluation of the Fineco Bank account opening.

How's their trading app?

Here's our expert view after checking the Fineco Bank trading app.

Is the quality of customer service satisfactory?

All you need to know about the Fineco Bank customer service.

Legit or scam?

Is Fineco Bank legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Fineco Bank is really free.

Is this broker good for beginners?

We checked it in Is Fineco Bank good for beginners.

Should you buy your silver bullets on Fineco Bank?

Research for silver bugs in the Silver buy on Fineco Bank guide

I want to trade options, are they available at Fineco Bank?

We explored the topic in Can you trade options on Fineco Bank?

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.

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