The best alternatives to Fineco Bank are
Let's see in a bit more detail how the Fineco Bank alternatives compare to Fineco Bank and each other:
| 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 |
| Open account | Open account | Open account | Open account |
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 |
Fees
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 | 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
Account opening
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 | 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.
Deposit and withdrawal
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 | 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 |
Web trading platform
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 | 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.
Markets and products
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 | 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 |
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 |
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 |
Fees
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 |
| 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
Account opening
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 |
| 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.
Deposit and withdrawal
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 |
| Saxo Bank | Fineco Bank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
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 |
| 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.
Markets and products
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.
| 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 |
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 |
Fees
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 |
| 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
Account opening
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 |
| 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.
Deposit and withdrawal
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 |
| DEGIRO | Fineco Bank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
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 |
| 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.
Markets and products
At DEGIRO, you can access many markets and trade a lot of different products. CFD and forex are not available, though.
| 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 |
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 |
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 |
Fees
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 |
| 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
Account opening
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 |
| 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.
Deposit and withdrawal
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 |
| Swissquote | Fineco Bank | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| Electronic wallets | No | No |
| Withdrawal fee | $10 | $0 |
Web trading platform
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 |
| 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.
Markets and products
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.
| 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 |
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 |
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.
| 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 |
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