Fineco Bank commission and other fees

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Overview of Fineco Bank fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates Fineco Bank charges.

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Fineco Bank commission and other trading fees

Fineco Bank has average trading fees in general. We ranked Fineco Bank fee levels as low, average or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Fineco Bank commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Fineco Bank commission and other trading fees
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
Stock and ETF	Low	Low	Low
Forex	High	Low	Average
Fund	Low	Low	Average
Bond	Low	Low	Low
Options	High	High	Low
Futures	Low	High	Low
CFD	Low	Average	Average
Financing rate	High	Low	Low

Now let's go over the trading fees for each asset class one by one.

Fineco Bank stock and ETF commissions, spreads

Fineco Bank stock and ETF commissions are low. Fineco Bank stock and ETF commissions are charged as per the table below.

Fineco Bank stock and ETF commission
	Fineco Bank Fineco Bank
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$3.95 per trade for UK customers; $3.95-$12.95 per trade for Italian customers, depending on the number of monthly trades
UK stock Estimated commission of a $2,000 trade, assuming a $50 stock price	£2.95 per trade for UK customers; $3.95-$12.95 per trade for Italian customers depending on the number of monthly trades
German stock Estimated commission of a $2,000 trade	€3.95 per trade for UK customers; €2.95-€19 per trade for Italian customers, depending on the number of monthly trades
Indian stock	Not available

You can compare Fineco Bank stock and ETF fees with the two closest competitors.

Fineco Bank stock and ETF commission, spreads vs competitors
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$4.0 $3.95 per trade for UK customers; $3.95-$12.95 per trade for Italian customers, depending on the number of monthly trades	$1.6 0.08% of trade value with $1 min, but using VIP pricing the commission can be as low as 0.03% of trade value with $1 min	$1.0 Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
UK stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$3.7 £2.95 per trade for UK customers; $3.95-$12.95 per trade for Italian customers depending on the number of monthly trades	$3.8 0.08% of trade value with £3 min, but using VIP pricing the commission can be as low as 0.03% of trade value with £3 min	$3.8 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000
German stock Estimated commission of a $2,000 trade	$4.3 €3.95 per trade for UK customers; €2.95-€19 per trade for Italian customers, depending on the number of monthly trades	$3.2 0.08% of trade value with €3 min, but using VIP pricing the commission can be as low as 0.03% of trade value with €3 min	$3.2 Fixed €3 for trade value less than €6,000, 0.05% of trade value for more than €6,000
Indian stock	- Not available	- Not available	$0.20 0.01% of the trade value and min INR 6, max INR 20

Stock and ETF commissions are calculated for a $2,000 trade

Fineco Bank forex commissions and spreads

Fineco Bank forex fees are high. Fineco Bank forex commissions and spreads for individual currency pairs are charged as per the table below.

Fineco Bank forex commissions and spreads
	Fineco Bank Fineco Bank
EURUSD fee description	The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.
GBPUSD fee description	The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.

Check out how Fineco Bank forex fees compare to its two closest competitors.

Fineco Bank forex fees vs competitors
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
EURUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$18.4	$10.7	$13.3
GBPUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$17.4	$7.0	$8.8
AUDUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$28.9	$11.8	$27.3
EURCHF benchmark fee	$23.5	$0.0	$0.3
EURGBP benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$20.2	$10.5	$13.3

Forex fees are calculated for a $20,000 trade using 30:1 leverage

Fineco Bank fund commissions

Fineco Bank fund commissions are low. The table below shows how Fineco Bank fund commissions are calculated.

Fineco Bank fund commissions
	Fineco Bank Fineco Bank
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	For UK customers: tiered fee of 0.25% of trade value per year (£0 - £250k), 0.15% of trade value per year (£250k - £1m), 0.05% of trade value per year (£1m - £2m), or 0% (£2m+). For Italian customers: €/$9 per trade, but there are ca. 700 free funds.

Check out how Fineco Bank fund fees compare with the competition.

Fineco Bank fund commissions
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$0.0 For UK customers: tiered fee of 0.25% of trade value per year (£0 - £250k), 0.15% of trade value per year (£250k - £1m), 0.05% of trade value per year (£1m - £2m), or 0% (£2m+). For Italian customers: €/$9 per trade, but there are ca. 700 free funds.	$0.0 Mutual funds are available only in certain countries. The broker doesn't charge any fee for mutual fund trading.	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 19,000 funds with no transaction fee

Fund commissions are calculated for a $2,000 trade

Fineco Bank bond commissions

Fineco Bank bond commissions are low. The table below contains the description of Fineco Bank bond commissions.

Fineco Bank bond commissions
	Fineco Bank Fineco Bank
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	Not available
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	£6.95 per trade for UK customers, while 0.19% of trade value with a min of €5.95 and max of €19 for Italian customers

See how Fineco Bank bond fees stack up against the competition.

Fineco Bank bond commissions vs competitors
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	- Not available	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min. Free with IBKR Lite that is available for US and Indian clients.
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$8.7 £6.95 per trade for UK customers, while 0.19% of trade value with a min of €5.95 and max of €19 for Italian customers	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min

Bond commissions are calculated for a $10,000 trade

Fineco Bank options commissions

You can see below the description of Fineco Bank options commissions. Fineco Bank options fees are high.

Fineco Bank options commissions
	Fineco Bank Fineco Bank
US stock index options Estimated commission for 10 contracts	$3.95 to $1.95 per contract depending on the monthly traded volume
US stock options Estimated commission for opening 10 contracts	$3.95 to $1.95 per contract depending on the monthly traded volume
UK stock index options Estimated commission for 10 contracts	Not available
German stock index options Estimated commission for 10 contracts	Not available

Compare options commissions charged by Fineco Bank with those of Saxo Bank and Interactive Brokers.

Fineco Bank options commissions vs competitors
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
US stock index options Estimated commission for 10 contracts	$39.5 $3.95 to $1.95 per contract depending on the monthly traded volume	$20.0 $2 per contract, but using VIP pricing it can be $0.75 per contract	$6.5 Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min
US stock options Estimated commission for opening 10 contracts	$39.5 $3.95 to $1.95 per contract depending on the monthly traded volume	$20.0 $2 per contract, but using VIP pricing it can be $0.75 per contract	$6.5 Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min
UK stock index options Estimated commission for 10 contracts	- Not available	$37.5 £3 per contract, but using VIP pricing it can be £1 per contract	$21.3 £1.7 per contract with £1.7 min
German stock index options Estimated commission for 10 contracts	- Not available	$21.6 €2 per contract, but using VIP pricing it can be €0.75 per contract	$18.4 €1.7 per contract with €1.7 min

Options commissions are calculated for 10 contracts

Fineco Bank futures commissions

You can see below how Fineco Bank futures commissions are charged. Fineco Bank futures fees are low.

Fineco Bank futures commissions
	Fineco Bank Fineco Bank
US micro e-mini stock index futures Estimated commission for 10 contracts	$0.70 per contract for UK customers, while $1.25-$1.00 per contract for Italian customers depending on the number of monthly trades
UK stock index futures Estimated commission for 10 contracts	Not available
German e-mini stock index futures Estimated commission for 10 contracts	€0.75 per contract for UK customers, while €3.95-€0.95 per contract for Italian customers depending on the number of monthly trades

Compare how the futures commissions of Fineco Bank stack up against those of Saxo Bank and Interactive Brokers.

Fineco Bank futures commissions vs competitors
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
US micro e-mini stock index futures Estimated commission for 10 contracts	$7.0 $0.70 per contract for UK customers, while $1.25-$1.00 per contract for Italian customers depending on the number of monthly trades	$30.0 $3 per contract, but using VIP pricing it can be as low as $1 per contract	$2.5 $0.25 per contract
UK stock index futures Estimated commission for 10 contracts	- Not available	$37.5 £3 per contract, but using VIP pricing it can be as low as £1 per contract	$21.3 £1.7 per contract with £1.7 min
German e-mini stock index futures Estimated commission for 10 contracts	$8.1 €0.75 per contract for UK customers, while €3.95-€0.95 per contract for Italian customers depending on the number of monthly trades	$43.2 €3 per contract, but using VIP pricing it can be as low as €1 per contract	$8.6 €0.80 per contract with €0.80 min

Futures commissions are calculated for 10 contracts

Fineco Bank CFD commissions and spreads

Fineco Bank CFD fees are low. Fineco Bank CFD commissions and spreads for different assets are charged as per the table below.

Fineco Bank CFD commissions and spreads
	Fineco Bank Fineco Bank
S&P 500 CFD fee	The fees are built into the spread, 0.6 points is the average spread cost during peak trading hours.
Europe 50 CFD fee	The fees are built into the spread, 1.4 points is the average spread cost during peak trading hours.
Apple CFD Commission for a $2,000 stock CFD trade	No commission or added spread
Vodafone CFD Commission for a $2,000 stock CFD trade	No commission or added spread

Below you can see how Fineco Bank CFD fees compare with those of Saxo Bank and Interactive Brokers.

Fineco Bank CFD fees vs competitors
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
S&P 500 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$2.7	$3.6	$4.8
Euro Stoxx 50 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$3.1	$3.7	$4.4
Apple CFD Commission for a $2,000 stock CFD trade	$0.1 No commission or added spread	$4.1 $0.02/share; min $4, but using VIP pricing the minimum can be as low as $1	$1.1 Below $300,000 monthly volume: $0.005 per share with $1 min
Vodafone CFD Commission for a $2,000 stock CFD trade	$0.6 No commission or added spread	$10.6 0.1% of trade value; min £8, but using VIP pricing it can be as low as 0.05% of trade value with £5 minimum	$4.3 Below £8,900 monthly value: 0.05% of trade value with £3 min

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Fineco Bank financing rates

Fineco Bank financing rates are high. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how Fineco Bank financing rates compare with those of Saxo Bank and Interactive Brokers.

Fineco Bank financing rates vs competitors
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
EURUSD financing rate Yearly financing rate	4.3% Fixed interest rate: 2.95% of trade value in EUR; Floating interest rate: average of bid-ask spread between 22:00 and 22:30	2.4% Calculated as swap points	2.3% Calculated as yearly percentages
GBPUSD financing rate	4.1% Fixed interest rate: 2.95% of trade value in EUR; Floating interest rate: average of bid-ask spread between 22:00 and 22:30	1.3% Calculated as swap points	1.1% Calculated as yearly percentages
S&P 500 CFD financing rate	6.4% Euribor 1 month + 2.50% for UK customers, while Euribor 1 month + 2.95% for Italian customers	8.9% SOFR and mark-up	6.8% Calculated as yearly percentages
Euro Stoxx 50 CFD financing rate	6.4% Euribor 1 month + 2.50% for UK customers, while Euribor 1 month + 2.95% for Italian customers	7.4% €STR and mark-up	5.5% Calculated as yearly percentages
Apple CFD financing rate Yearly financing rate	6.4% Euribor 1 month + 2.50% for UK customers, while Euribor 1 month + 2.95% for Italian customers	8.9% SOFR and mark-up	6.8% Calculated as yearly percentages
Vodafone CFD financing rate Yearly financing rate	6.4% Euribor 1 month + 2.50% for UK customers, while Euribor 1 month + 2.95% for Italian customers	8.7% SONIA and mark-up	6.7% Calculated as yearly percentages

Fineco Bank non-trading fees

In addition to trading fees, it's important to see if Fineco Bank charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Fineco Bank with its two closest competitors.

Fineco Bank non-trading fees vs competitors
	Fineco Bank Fineco Bank	Saxo Bank Saxo Bank	Interactive Brokers Interactive Brokers
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal for domestic non-instant bank transfer and debit cards, while a fee charged domestic instant bank transfers and internationals withdrawal	$0 Free withdrawal	$0 One free per month, after that $10
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	No No inactivity fee	No No inactivity fee

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Fineco Bank and its closest competitors. To learn more about Fineco Bank, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

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