Is ISA available at Fineco Bank?
Yes, Fineco Bank provides stocks and shares tax-advantaged ISA accounts for UK tax residents!
Why go over Fineco Bank to check out a tax-advantaged account?
Overall:
- ISAs may be a viable alternative to fight inflation - anything else than keeping your money under the pillow might be a good alternative.
- Fineco Bank and its peers are regulated by at least one top-tier regulator, like the Financial Conduct Authority (FCA), which is a good sign.
- This means, you'll be eligible to financial compensation schemes, if the broker goes bust.
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Does Fineco Bank provide stocks and shares ISA?
What to expect at Fineco Bank?
First, let's go over the UX perspective. Here's a quick rundown on how good the mobile experience at Fineco Bank is compared to its competitors.
| Fineco Bank | Saxo Bank | Interactive Brokers | |
|---|---|---|---|
| Mobile platform score | 4.4 stars | 5.0 stars | 3.5 stars |
With an ISA, you'll be able to invest in certain trading products tax-free. Trading fees for these assets at Fineco Bank are:
- for stocks and ETFs: Low
- for mutual funds: Low
- for bonds: Low
And now let's see the exact trading costs of each asset that can be used in your stocks and shares ISA at Fineco Bank:
| Assets | Fineco Bank |
|---|---|
| UK stock & ETF fees (per $2k investment) | $3.3 |
| US stock & ETF fees (per $2k investment) | $4.0 |
| Mutual fund fees (per $2k investment) | $0.0 |
| EU government bonds (per $2k investment) | $7.9 |
| US government bonds (per $2k investment) | - |
Apart from trading-fees, let's check if there are any other fees, like inactivity fees, that are charged even if you are not trading:
- Inactivity fees? No - No inactivity fee
| Assets | Fineco Bank |
|---|---|
| Stocks and shares ISA | Yes |
| Cash ISA | No |
| Lifetime ISA | No |
| Innovative Finance ISA | No |
| SIPP (Self-Invested Personal Pension Account) | No |
If you're not sure what ISA means, head to our ISA article hub first.
If you're interested in the best stocks and shares ISA brokers, read our top list.
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