Can you trade stock options at Fineco Bank?
Thinking about trading stock options at Fineco Bank? Let's see if it is available, the fees you will face, and whether the broker is a good place for you to trade options.
Yes, you can trade stock options at Fineco Bank, but its fees are on the higher end, and combined with our overall assessment, it’s probably not the best fit for you to trade options. Select instead from some great choices on our best options trading brokers list.
I've reviewed dozens of options brokers and made hundreds of options trades to size up whether they're the optimal platform for trading stock options. My overall verdict is that Fineco Bank is not your best choice:
- You can trade stock options at Fineco Bank.
- Fineco Bank charges high fees for trading stock options.
- Its unimpressive options-related services also lag behind the competition.
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See the top brokers for options trading for better alternatives.
Before we begin, let's see if Fineco Bank is available in your country
You can trade stock options at Fineco Bank
Options trading is increasingly popular, but it's still something of a niche product aimed at more experienced traders, so not all brokers offer it and trading conditions can differ widely.
Options trading is all about buying and selling contracts that give you the right, but not the obligation, to buy or sell an asset at a specific price before a certain date. The asset can be a stock, a stock index, a foreign currency, or even a commodity like oil.
In this article, we concentrate on stock options – which are available at Fineco Bank, on a total of 4 options markets.
Think of stock options like placing a bet on a future outcome. Let's say you think Apple's stock will shoot up, so you buy an option that gives you the right to buy Apple shares at today's price, even if they get more expensive later. If you're right, you cash in big; if not, you lose only what you paid for the option. It's like reserving an awesome concert ticket in advance, hoping it'll sell out and you can sell it for a profit!
You can trade options and futures listed on the IDEM, EUREX, CBOE or CME markets.
At Fineco Bank you can also trade stock index options, including on the following markets:
- US stock index options
Fineco Bank offers you high stock options fees
Trading stock options means either buying or selling. When you buy a stock option, you're essentially paying for a chance to make a move on a stock, without committing to it right away. When you sell a stock option, you're giving someone else that chance and pocketing the premium they pay.
Now, let’s talk fees. Every options trade comes with its own set of costs. Typically, you’re looking at a base, or minimum fee per trade, plus a fee per contract. Some brokers may also cap the amount you have to pay at a certain maximum. For example, you might pay a $5 base fee for each trade, plus a $0.65 per contract fee.
Overall, Fineco Bank has high fees for trading US stock options. These are the conditions:
$1.95 to $3.95 per contract, depending on the monthly traded volume.
So what's all the fuss about fees? They may seem like a tiny fraction of a trade's value, but the differences among brokers can be significant. Among the 100+ brokers we cover, fees range from $0 to $40 for trading 10 US stock options contracts. Even for casual traders, these differences can add up to hundreds of dollars a year. Just think of what else you could buy with that money!
Compare Fineco Bank with its competitors
To compare fees at various brokers, we calculated a benchmark fee for trading different options products. Note that some brokers don't charge a separate fee for closing an options trade - in these cases, we calculated with just half of the opening fee, as most other brokers charge for both opening and closing transactions.
You can also see an overall options fee score, which shows (on a scale of 0 to 5), how favorable the broker's fees are, with 5 being the maximum score (lowest fees).
Check in the chart below how Fineco Bank compares to similar brokers in terms of its options trading fees!
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.
| Monthly generated commission: | Below $500 | $500-$9,999 | $10,000+ |
|---|---|---|---|
| Commission per contract | $6.95 | $3.95 | $2.50 |
Fineco Bank is not your best choice for trading options
To assess whether Fineco Bank is a great place to trade options, we took into account several factors beyond merely what you have to pay in trading fees, as that is only part of the story when it comes to options trading. Here's what we checked:
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the number of options markets you can access
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the quality of the broker's trading platform (including charting and other research tools)
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the withdrawal fees you pay when you want to access the profits of your trading activity
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your available options for withdrawal methods
In the chart and table below, you can check how Fineco Bank compares to some close competitors along these lines, and why we say that it is not an ideal broker for trading options. Scores are on a scale of 0 (worst) to 5 (best).
| Broker | Charting quality |
|---|---|
| Fineco Bank | Poor |
| Saxo | Great |
| Interactive Brokers | Great |
See the top brokers for trading options
Looking for the best of the best? Check out our toplist of the best brokers for trading options.
We've rounded up the cream of the crop to help you find a broker that suits your needs perfectly. Whether you're looking for the best overall options brokers, the best options platforms in the US, or brokers tailored for beginners, we've got you covered.
Still missing something? Our knowledgeable AI assistant Nuri is here to answer all your options-related needs.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Options trading conditions at Fineco Bank explained
- Options fees at Fineco Bank
- Stock index options trading conditions at Fineco Bank
- ETF options trading conditions at Fineco Bank
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.
