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As a financial journalist at Bloomberg and similar news services, I have covered financial markets for more than two decades. In the process, I developed a thorough understanding of the regulatory landscape, the risks that traders face in the form of scam brokers, and the ways to avoid these risks.
I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.
As a financial journalist at Bloomberg and similar news services, I have covered financial markets for more than two decades. In the process, I developed a thorough understanding of the regulatory landscape, the risks that traders face in the form of scam brokers, and the ways to avoid these risks.
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Last updated on Sep 23, 2024
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Overview of Fineco Bank fees and charges
When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, Fineco Bank is an OK choice, as it has average fees in general. Check our toplist for cheaper brokers.
I found Fineco Bank's trading fees fairly average
I found [Broker name]'s trading fees fairly (Trading fee class - 238/cl)
I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Fineco Bank fared:
Fineco Bank charges low fees for trading stocks and ETFs.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $0, but some transactions may cost more.
$3.95 per trade for UK customers; $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, 1 pip is the average spread cost during peak trading hours.
US tech fund fee
Low
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.
Fineco Bank trading fees are mixed, with low fees for stocks, ETFs, futures, funds, bonds and most CFDs, but high fees for forex and options. On a positive note, we were impressed by the transparent fee structure. The fee structure is different for UK and Italian customers. In this review, we calculate UK fees but highlight fees for Italian customers as well.
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
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 minimum, but using VIP pricing the commission can be as low as 0.03% of trade value with $1 minimum
$1.0
Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
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
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For UK customers, the commissionis a flat fee and its value is fixed:
Fineco Bank stock and ETF fees for UK customers
Market
Commission
USA
$3.95 per trade
UK
£2.95 per trade
Germany, France, Netherlands, Portugal, Italy
€3.95 per trade
Canada
CAD 10 per trade
Finland
0.19%, min €2.95, max €19
Spain
0.19%, min €14.95
Switzerland
0.19%, min CHF 24
For Italian customers, the commission is likewise flat, but its value depends on your commissions generated in a month, the value of your total assets, or your total savings with Fineco Bank. It means that if you trade more, or have more invested assets or bank savings with Fineco, your commissions will be lower (you need to meet only one of the three criteria to move up to the next tier).
Fineco Bank stock and ETF fees for Italian customers
Tiers
Commission
Commissions generated in a month
Value of total assets
Total savings
Italy and other European markets
1
€19
less than €100
less than €500k
less than €250k
2
€9.95
€100
€500k
€250k
3
€6.95
€1,500
€1 million
€500k
4
€2.95
€2,500
€2 million
€1 million
US
1
$12.95
less than €100
less than €500k
less than €250k
2
$9.95
€100
€500k
€250k
3
$8.95
€1,500
€1 million
€500k
4
$3.95
€2,500
€2 million
€1 million
Canadian markets
1
CAD 25
less than €100
less than €500k
less than €250k
2
CAD 20
€100
€500k
€250k
3
CAD 15
€1,500
€1 million
€500k
4
CAD 10
€2,500
€2 million
€1 million
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New
Stock Fee Calculator
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at Fineco Bank. To check and compare fees at other brokers, go to our main Fee calculator page.
The only costs Fineco charges are spread costs and multiday fees (the cost of holding your position overnight. Spread costs are average, but multiday fees are high.
Fineco Bank forex fees
Currency pair
Spread for UK customers
Spread for Italian customers
EURUSD
0.8 pip
1.0 pip
GBPUSD
1.0 pip
1.2 pip
AUDUSD
3.0 pip
3.0 pip
EURCHF
3.0 pip
3.0 pip
EURGBP
1.0 pip
1.2 pip
Multiday fees are the same for UK and Italian customers. This fee consists of a fixed and a floating part:
Fixed part - 2.95% annual rate of trade value/total exposure in EUR. For example, the overnight fixed fee for 10,000 positions is €0.88 (10,000 *2.95% / 360).
Floating interest rate - the average of bid-offer prices between 22:00 - 22:30 GMT.
$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
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Commission is charged per contract, and its value depends on how much commission you generate each month. This means that the more you trade, the lower your commission will be.
Fineco Bank options fees
Monthly generated commission:
Below $500
$500-$9,999
$10,000+
Commission per contract
$6.95
$3.95
$2.50
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No inactivity fee, no withdrawal fee
It doesn't charge any account, inactivity or deposit fees. There is no withdrawal fee for regular domestic bank and debit card transfers. If you use instant bank withdrawal, it will cost 0.20% (min €0.85, max €2.95). International bank transfer withdrawals cost £19.95.
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 18,000 funds with no transaction fee
For UK customers, Fineco Bank charges a fee for holding the fund. This fee is volume-based.
Fineco Bank annual fund fees
Funds holding volume
Annual fee
£0 - £250k
0.25%
£250k - £1m
0.15%
£1m - £2m
0.05%
£2m+
Free
If your holding is above the first tier, you will be charged 0.25% for the first £250k of holdings, 0.15% for your holdings above £250k but below £1 million, and so on. Holding volume is calculated at the end of each month, and the proportional part of the annual fee is charged monthly. Italian customers can invest in ca. 700 no-load funds, which means that no fees are charged. Other mutual funds have a fixed €/$9 fee per subscription (purchase) and redemption (selling).
$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
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
For UK customers, Fineco Bank charges futures fees based on the number of contracts, and the value of these commissions is fixed.
Fineco Bank futures fees for UK customers
Asset
Commission per contract
US micro e-mini stock index futures
$0.70
US e-mini stock index futures
$1.95
Mini DAX
€0.75
DAX
€0.95
For Italian customers, futures fees depend on how much commission you generate each month. This means that if you trade more, your commissions will be lower.
Fineco Bank futures fees for Italian customers
Monthly generated commission:
Below $500
$500-$9,999
$10,000+
US micro e-mini stock index futures (commission per contract)
$1.25
$1.25
$1.00
US e-mini stock index futures (commission per contract)
Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close
$2.7
$3.6
$5.0
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
$4.9
Apple CFD fee
Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close
$2.7
$11.6
$4.8
Vodafone CFD fee
Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close
$3.6
$24.5
$11.2
We calculated with 5:1 leverage for single stock CFDs and 20:1 leverage for stock index CFDs. It's great and unique that Fineco Bank doesn't charge any spread mark-up or commission for stock CFDs. You have to calculate only with multiday fees, i.e. the cost of holding positions overnight, and the market spread. Multiday fees for stock CFDs are calculated as follows:
For UK customers: one-month Euribor +/- 2.50% (long/short).
For Italian customers: one-month Euribor +/- 5.95% (long/short).
On stock index CFDs, Fineco Bank charges a spread mark-up and multiday fees, i.e. the cost of holding positions overnight. The spreads are much lower for UK customers.
Fineco Bank stock index CFD fees
Stock index CFD
Spread for UK customers
Spread for Italian customers
S&P 500 index CFD
0.6
6.0
Europe 50 index CFD
1.4
4.6
Multiday fees for stock index CFDs are calculated as follows:
For UK customers: one month Euribor +/- 2.50% (long/short).
For Italian customers: one month Euribor +/-2.95% (long/short).
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.
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
