Fineco
4.4/5

Fineco

✔ Zero commission for CFD trading ✔ No transaction nor inactivity charges
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Home » Fineco

Fineco is an Italian-based broker with a wide range of trading assets, including forex, stocks, ETFs, futures, CFDs, and more. It is also a banking institution and listed on the Italian stock exchange (Borsa Italiana).

Pros
  • Multi-currency trading accounts offered
  • Zero commission for CFD trading
  • Excellent selection of assets to choose from
  • No transaction nor inactivity charges
  • A banking background, proving its credibility even more
Cons
  • Spreads are higher than the market average
  • No commodity and cryptocurrency trading
  • Customer service operates during weekdays only

In addition, various world-renowned authorities are monitoring its services, including the Bank of Italy (Banca d’Italia), The Financial Conduct Authority (FCA), the Commodities Futures Trading Commission (CFTC), and more. So, read along to know if it’s the right one for you.

Fineco official site
Fineco broker
Fineco
Fineco mobile
Fineco official site
Fineco broker
Fineco
Fineco mobile

Fineco – Who Are They?

Fineco is an Italian brokerage firm with a banking background. This means that you can apply for the broker’s debit card and use it to transact on your trading account. Established in 1999, the broker has grown to gain global recognition, thereby attracting millions of investors and banking customers. Moreover, Fineco is a member of the European Union, meaning it also adheres to ESMA regulations. Undoubtedly, this broker is safe for your investments.

Fineco review

Fineco is dedicated to offering the best experience to traders globally. This has led it to win multiple awards over the years. It also hosts user-friendly web and Powerdesk platforms, which have mobile versions to keep you on top of your activities wherever you may be. Unfortunately, there are no advanced third-party platforms like MT4 and MT5

This broker has low trading charges, more so when trading CFDs. In addition, there is no minimum deposit requirement nor transaction charges and inactivity fees. When it comes to Fineco’s customer service, they operate only during weekdays. However, they are very responsive via email, phone, and live chat and provide relevant solutions to keep you engaged for a long time. 

Compare Fineco With Other Brokers

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Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
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Fee on ETFs
Fee on Gold
Software
License
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
Cryptocurrency Assets
Fineco logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$0
Bank Wire Transfer, Credit card, PayPal
Free
1.0 pip
$3.8 – $4.7
3%
Fineco Mobile App, Powerdesk, Web Trading and Investing, Stock Screeners
FCA, CFTC
No
Yes, up to €100,000
1200+
50+
4
5,500
eToro logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$200
Credit card, PayPal, Bank transfer, Neteller, Skrill, WebMoney
0.1%
0.1%
From 1.5%
0.1%
From 2 pips
eToro Proprietary Platform
ASIC, CySec, FCA, FSAS, FSCS
Yes
Yes (up to $115,793)
2044
47
13
145
15
Plus500 logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$100
Bank Wire Transfer, Credit cards, Paypal, Skrill
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Plus500 Webtrader
ASIC, FCA, FSCA
Yes
2000+ (CFDs only)
70+ (CFDs only)
4 (CFDs only)
96 (CFDs only)
9 (CFDs only)
CMC Markets logo
Visit site
Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
No
Credit cards, Paypal
0.08%
0.11%
From 0.7 pips
0.08%
From 0.3 pips
MetaTrader 4
FCA, BaFin
Yes
Yes (up to $115,793)
8,000
338
136
1,000
13

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Our Opinion About Fineco

Although Fineco has plenty of trading assets, we still feel like more can be done to improve its performance. For instance, the lack of the MetaTrader platforms may keep away the professional traders. It is also challenging to navigate through its menu structure. 

We really like that this broker also offers banking services. As a result, traders can easily transact and manage their accounts using their debit cards at no cost. Also, its lack of a minimum deposit requirement is impressive, allowing even the low budget traders to explore various markets offered.

Fineco is safe to trade with, and this is shown from its banking background, ability to adhere to financial authorities regulations, and being listed in the Italian stock exchange. Its user-friendly platform and adequate educational tools are best for newbies trying to familiarise themselves with various assets. So, start today by opening a demo account to maximise your potential. 

Adam Jarfjord
Adam Jarfjord

Head of the content of OnlineTrading. Adam creates, distributes, controls the content department, and also writes original guides, having many years of experience in trading. He checks each broker, trading platform, and app in detail so that you can quickly make your choice and be confident in it with his guides.

The opinion of our readers is critical to him, so Adam replies to every comment and tries to take into account the wishes of all readers in order to provide the most helpful information.

Fineco Details

Licences
OnlineTrading.Reviews Rating:
✔ Zero commission for CFD trading
✔ No transaction nor inactivity charges
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
4.0
Customer support
3.0
Commissions & Fees
4.0
Platform & Tools
4.0
Research
3.8 Overall Rating

One Reply to “Fineco”

  • Bill Cage says:

    I used Fineco on the Fineco Mobile App. It’s pretty good. It allows multiple ways to analyze past data and has automated trailing stops and stop levels. Not totally out of the ordinary, but it surely has an advanced interface.

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