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.

Fineco Bank commission and other fees
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 Saxo Bank Interactive Brokers
Stock and ETF Low Average Low
Forex High Low Average
Fund Low Low Average
Bond Low High 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
US stock $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 £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 €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 Saxo Bank Interactive Brokers
US stock $4.0 $10.0 $1.0
UK stock $4.1 $11.2 $4.2
German stock $4.7 $12.0 $3.6
Indian stock - - $0.20

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
EURUSD fee The fees are built into the spread, 0.8 pips is the average spread cost during peak trading hours.
GBPUSD fee 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 Saxo Bank Interactive Brokers
EURUSD benchmark fee $17.3 $7.8 $10.7
GBPUSD benchmark fee $16.7 $5.7 $8.6
AUDUSD benchmark fee $25.8 $6.2 $8.6
EURCHF benchmark fee $21.9 $5.4 $7.8
EURGBP benchmark fee $19.8 $8.9 $10.7

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
Mutual fund 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 Saxo Bank Interactive Brokers
Mutual fund $0.0 $0.0 $15.0

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
US Treasury bond Not available
EU government bond £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 Saxo Bank Interactive Brokers
US Treasury bond - $96.0 $5.0
EU government bond $9.7 $96.0 $10.0

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
US stock index options $3.95 to $1.95 per contract depending on the monthly traded volume
US stock options $3.95 to $1.95 per contract depending on the monthly traded volume
UK stock index options Not available
German stock index options 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 Saxo Bank Interactive Brokers
US stock index options $39.5 $30.0 $6.5
US stock options $39.5 $30.0 $6.5
UK stock index options - $42.0 $23.8
German stock index options - $48.0 $13.2

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
US micro e-mini stock index futures $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 Not available
German e-mini stock index futures €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 Saxo Bank Interactive Brokers
US micro e-mini stock index futures $7.0 $40.0 $2.5
UK stock index futures - $42.0 $23.8
German e-mini stock index futures $9.0 $48.0 $9.6

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
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 No commission or added spread
Vodafone CFD 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 Saxo Bank Interactive Brokers
S&P 500 index CFD fee $1.1 $1.4 $2.8
Europe 50 index CFD fee $1.5 $2.0 $3.1
Apple CFD $0.2 $10.2 $1.2
Vodafone CFD $0.3 $11.5 $4.5

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 Saxo Bank Interactive Brokers
EURUSD financing rate 4.2% 1.7% 1.7%
GBPUSD financing rate 4.0% 1.0% 1.1%
S&P 500 CFD financing rate 1.9% 3.0% 1.6%
Europe 50 CFD financing rate 1.9% 2.3% 1.5%
Apple CFD financing rate 1.9% 3.6% 1.6%
Vodafone CFD financing rate 1.9% 3.5% 1.5%

Fineco Bank commission and other fees
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 Saxo Bank Interactive Brokers
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No Yes No

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 commission and other fees
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.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

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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