FinecoBank

4.3(1.600 reviews)

Italian multi-asset bank with low fees and broad offering

CONSOB/FCA RegulatedSince 1999

Trust Score

Very Good

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

0 €

Min. Deposit

Instruments

CONSOB/FCA

Regulation

Platforms

Key Features

Stocks

Stocks trading available

ETFs

ETFs trading available

Bonds

Bonds trading available

Funds

Funds trading available

Options

Options trading available

Futures

Futures trading available

CFDs

CFDs trading available

Forex

Forex trading available

FinecoBank Web

Trading Platform

FinecoBank App

Trading Platform

PowerDesk

Trading Platform

Advantages

No custody fees and low order costs
Broad product range from stocks to derivatives
Professional PowerDesk trading platform
CONSOB and FCA-regulated

Disadvantages

Account opening can be time-consuming
Customer service partly in Italian
Fee structure confusing for beginners

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About FinecoBank

FinecoBank was founded in 1999 in Milan and is one of Europe's leading multi-asset banks. Regulated by CONSOB in Italy and the FCA in the UK, it combines banking with a comprehensive brokerage offering. FinecoBank stands out for particularly low trading fees and a broad product range. The offering includes stocks, ETFs, bonds, funds, options, futures, CFDs, and Forex – one of the broadest product portfolios among European brokers. EU stocks are tradable from 2.95 euros and US stocks from 3.95 dollars, with no custody fees. The professional PowerDesk platform provides advanced trading features. FinecoBank is particularly suitable for experienced investors who want to trade a broad product range at low costs. The combination of banking and multi-asset trading under one roof makes it unique in the European market. Customer service is partly in Italian, which can be a challenge for non-Italian-speaking customers.

FinecoBank FAQ

Are there custody fees at FinecoBank?

No, FinecoBank does not charge custody fees. You only pay order fees when executing trades.

What trading platforms does FinecoBank offer?

FinecoBank offers three platforms: the web platform, the mobile app, and the professional PowerDesk platform for advanced traders with enhanced charting and analysis tools.

Can I trade options at FinecoBank?

Yes, FinecoBank offers options on European markets. Additionally, you can trade futures, CFDs, and Forex.

How high are the order fees at FinecoBank?

EU stocks are tradable from 2.95 euros per order, US stocks from 3.95 dollars. There are no custody fees, keeping overall costs low.