Overview of Fineco Bank fees and charges

It's safe to say that Fineco Bank's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Fineco Bank even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of Fineco Bank's fees

Fineco Bank Fees snapshot
Assets Fee level Fee terms
US stock fee Low $3.95 per trade for UK customers, while $3.95-$12.95 per trade for Italian customers depending on the number of monthly trades
EURUSD fee Average The fees are built into the spread, 0.8 pips is the average spread cost during peak trading hours.
US tech fund fee Low For UK customers: £0 - £250k 0.25% of trade value per year, £250k - £1m 0.15% of trade value per year, £1m - £2m 0.05% of trade value per year, £2m+ it's free. For Italian customers: €/$9 per trade, but there are~700 free funds.
Inactivity fee Low No Inactivity fee

Fineco Bank fees
Fineco Bank fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Fineco Bank fees with its closest competitors, Saxo Bank and DEGIRO.

Fineco Bank fees
Fineco Bank trading fees

Fineco Bank's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at Fineco Bank.

Trading fees

Fineco Bank's trading fees are low.

Stock fees and ETF fees

Fineco Bank has low stock trading fees.

Stock fees of a $2,000 trade
Fineco Bank Saxo Bank DEGIRO
US stock $4.0 $10.0 $0.6
UK stock $3.5 $9.6 $2.4
German stock $4.3 $11.0 $5.4

Forex fees

Fineco Bank's forex fees are high.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
Fineco Bank Saxo Bank DEGIRO
EURUSD benchmark fee $17.9 $15.8 -
EURGBP benchmark fee $21.3 $10.4 -

Fund fees

Fineco Bank fund fees are low.

A $2,000 fund buy fees
Fineco Bank Saxo Bank DEGIRO
Mutual fund $0.0 $0.0 $10.3
EU mutual fund - - $10.3

Bond fees

Fineco Bank has low bond fees.

Bond fees of a $10,000 trade
Fineco Bank Saxo Bank DEGIRO
US Treasury bond - $88.0 -
EU government bond $8.3 $88.0 $10.5

Options fees

Fineco Bank's options fees are high.

Stock index options fees of 10 contracts
Fineco Bank Saxo Bank DEGIRO
US stock index options $69.5 $40.0 $5.0
UK stock index options - $36.0 -
German stock index options - $44.0 $9.9

Futures fees

Fineco Bank's futures fees are low.

Stock index futures fee of 10 contracts
Fineco Bank Saxo Bank DEGIRO
US micro e-mini stock index futures $7.0 $40.0 $5.0
UK stock index futures - $36.0 $0.0
German e-mini stock index futures $8.3 $44.0 $8.3

CFD fees

Fineco Bank has low CFD trading fees.

CFD fees, commission of a $2,000 trade
Fineco Bank Saxo Bank DEGIRO
Apple CFD $0.1 $10.1 -
Vodafone CFD $0.3 $9.9 -
Germany - $11.4 $5.7

Financing rates

Fineco Bank financing rates are high.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Fineco Bank yearly financing rates
Fineco Bank Saxo Bank DEGIRO
Apple CFD financing rate 2.0% 5.4% -
Vodafone CFD financing rate 2.0% 4.2% -
EURUSD financing rate 4.3% 3.7% -
EURGBP financing rate 5.0% 1.9% -

Fineco Bank fees
Fineco Bank non-trading fees

When it comes to looking at all the non-trading fees Fineco Bank is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Fineco Bank that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Fineco Bank stacks up in non-trading fees
Fineco Bank Saxo Bank DEGIRO
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No No No

Fineco Bank fees
Fineco Bank deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Fineco Bank is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Fineco Bank offers.

Fineco Bank deposit methods
Fineco Bank Saxo Bank DEGIRO
Bank transfer Yes Yes Yes
Credit/Debit card No Yes No
Electronic wallets No No Yes
Deposit fee $0 $0 $0

Fineco Bank fees
Fineco Bank withdrawal fee

Unlike the majority of the online brokers we have reviewed Fineco Bank does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Fineco Bank withdrawal fees and options compared
Fineco Bank Saxo Bank DEGIRO
Bank transfer Yes Yes Yes
Credit/Debit card No Yes No
Electronic wallets No No Yes
Withdrawal fee with bank transfer $0 $0 $0

Fineco Bank fees
Fineco Bank inactivity fee

Fineco Bank does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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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