Fineco Bank (FinecoBank) Review 2026
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- PowerDesk
- Web PowerDesk
- Fineco Mobile
- Up to 1:50 for CFDs
- To use the terminal free of charge, you need to make at least 5 transactions per month or have a deposit of €250,000 or more
Our Evaluation of Fineco Bank
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Fineco Bank is a broker with higher-than-average risk and the TU Overall Score of 4.54 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Fineco Bank clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The broker provides equal trading opportunities for all traders, regardless of their expertise and level of professional training.
How we tested Fineco Bank
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Fineco Bank
FinecoBank is an Italian FinTech company that started its activities in 1999 and merged with UniCredit Xelion Banca in 2008. In 2018, after leaving UniCredit Group, FinecoBank became an independent bank, which also provides online trading services in the stock market. FinecoBank is regulated by the securities market supervisor Consob (Commissione Nazionale per le Società e la Borsa) and is a member of the Single Resolution Fund. The company is headquartered in Milan, Italy. FinecoBank received the Best Broker ICA award at the Italian Certificate Awards 2020 for its easy-to-use trading platform.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- No requirements for the size of the minimum deposit.
- Availability of a PowerDesk professional trading platform that is available on any device.
- A vast array of assets in the stock and foreign exchange markets.
- Fixed stock brokerage fee.
- Stock screener for all markets.
- Access to trade on weekends.
- Availability of full-time and online training courses in trading.
- A fee is charged for using the trading terminal.
- No demo account or risk-free trial trading.
- A monthly account maintenance fee is charged.
TU Expert Verdict
Chief Analytics Officer
Fineco Bank offers a single real account for trading a broad selection of assets, including stocks, stock CFDs, bonds, futures, options, ETFs, commodities, and currencies, without a minimum deposit requirement. Clients access over 10,000 instruments from 26 U.S. and European exchanges using the proprietary PowerDesk platform, available in desktop, web, and mobile formats. Leverage is up to 1:50 for CFDs, and margin trading on stocks is permitted, with fixed brokerage fees for equities and no commission on CFDs. The platform includes over 50 technical analysis indicators, pending order types, and customizable interfaces.
Drawbacks include monthly account and platform fees, the absence of a demo account, limited payment systems, and a platform interface available only in Italian. CFD trading is not monitored by supervisors, and users risk negative balances when closing losing positions. Fineco Bank may suit experienced investors who prioritize access to European and U.S. exchanges and value a large selection of tradable assets, but it may not be suitable for traders who require low fees, risk-free practice accounts, or English-language support.
Fineco Bank Summary
Your capital is at risk.
| 💻 Trading platform: | PowerDesk, Web PowerDesk, Fineco Mobile |
|---|---|
| 📊 Accounts: | Real Account |
| 💰 Account currency: | Euro |
| 💵 Deposit / Withdrawal: | Bank transfer, Visa bank cards, FinecoBank cards, mobile application |
| 🚀 Minimum deposit: | From €1 |
| ⚖️ Leverage: | Up to 1:50 for CFDs |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | Not indicated |
| 💱 EUR/USD spread: | From 1 pip for CFDs |
| 🔧 Instruments: | Stocks, options, bonds, futures, certificates of deposit, CFDs on currencies, stocks, commodities, ETFs, ETCs, and CWs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Not indicated |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | No |
| ⭐ Trading features: | To use the terminal free of charge, you need to make at least 5 transactions per month or have a deposit of €250,000 or more |
| 🎁 Contests and bonuses: | Yes |
The FinecoBank broker allows clients to work on the 26 largest exchanges in the US and Europe with a fixed fee from €2.95 per share transaction and from €0.95 per contract on futures and options. The size of the margin depends on the type of transaction and can be up to 50%. There is no brokerage fee for CFD trading and leverage up to 1:50 is provided. There are no minimum deposit requirements.
Fineco Bank Key Parameters Evaluation
Trading Account Opening
To start cooperation with FinecoBank:
Go to the broker's website and click Apri il conto on any page. The button is located in the upper right corner of the screen.
After going to the registration page, fill out a form in which you indicate your personal data, ID card number, and tax return. Registration can also be done by phone or with the help of a financial advisor, after submitting a request.
After entering the data requested by the broker, an email is sent to the email address specified during registration with instructions on how to activate the account. After that, access to the personal account opens.
The personal account contains these sections:
In the Account Management> Conditions section of your personal account, you can see:
-
conditions of the current account;
-
provided discounts and bonuses.
Is Fineco Bank Safe?
FinecoBank is licensed to provide brokerage services and is controlled by the securities market supervisor Consob (Commissione Nazionale per le Società e la Borsa). The company is also a member of the Single Resolution Fund, a national guarantee fund.
On June 20, 2020, FinecoBank was awarded the highest EE + stability rating in the stock market according to Standard Ethics criteria. In case of a crisis, it is envisaged to create a Unified Insolvency Fund, which is financed by intermediaries from the Eurozone countries without attracting public funds. Trading CFDs is a foreign exchange transaction and is not regulated.
Advantages
- In controversial situations, you can reach out to the supervisory authority
- Resolution of the insolvency directive is in force
- The company has its proprietary service for monitoring the safety of personal data of customers
- Membership in the National Guarantee Fund
Disadvantages
- CFD trading is not monitored by supervisors
- The choice of payment systems at the request of regulators is limited
- Verification of personal and payment data is a mandatory procedure
Commissions and Fees
The experts at Traders Union analyzed the trading conditions of FinecoBank, and based on the results, it was determined what commission charges the company collects from clients. When trading CFDs, there is no brokerage fee, but the size of the fee is 1-2 pips, depending on the market volatility. For shares, the amount of fees is €2.95-9.95, depending on the number of transactions carried out. A fee for one contract for options and futures starts at €6.95 but can be reduced to €0.95 if trading volumes increase. Bank transfers without fees are possible only to the accounts of branches that are part of the UniCredit group. Otherwise, a withdrawal fee of €1.45 per payment will be charged. Withdrawals via the mobile app are free, but the amount is limited to €3,000.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Real Account | From $0.95 | Yes |
The monthly fee for using the trading platform is €19.95. The experts at Traders Union also compared the size of brokerage fees for trading in FinecoBank with those of its competitors. Below is a comparative table of the results obtained.
| Broker | Average commission | Level |
|---|---|---|
|
$0.95 | |
|
$4 | |
|
$ |
Account Types
For independent traders, FinecoBank offers a single account, the trading conditions on which may change depending on the size of the deposit and the client's activity.
Account types:
FinecoBank does not have a demo account, but half-baked traders can get help from a personal financial advisor if necessary.
FinecoBank provides trading conditions suitable for large investors.
Deposit and Withdrawal
-
Withdrawals are made through a mobile application, by bank transfer, to a FinecoBank card or another bank.
-
You can withdraw no more than €50,000 to a bank account per day. The minimum withdrawal amount via the mobile application is €3,000.
-
Bank transfers to UniCredit Group accounts and withdrawals via the application are free of charge. However, an additional fee may be charged by the intermediary bank or the payee.
-
For foreign clients, withdrawal to a Visa card through branches that are part of the UniCredit group is free of charge. Transferring funds to cards of other banks costs €1.45.
-
Withdrawal via a mobile application or to a card takes 48 hours, but a bank transfer is carried out within 5 working days.
Investment Options
FinecoBank provides over 3,000 stocks, 5,000 funds, and 7,000 bonds for trading on 26 Italian and world exchanges.
Fam Target Fund: An exclusive offer from Fineco Bank
Fam Target is a ground-breaking solution that allows you to optimize the time to market at the most favorable moment and to minimize financial risks using a systematic approach. Features of investing through Fam Target:
-
The minimum investment amount is €1,000.
-
The initial portfolio is formed from CFDs that are less sensitive to market fluctuations.
-
The automatic transfer of the portfolio to the target composition of the fund (Fam Sustainable) is carried out gradually.
With the help of a financial consultant, the company is diversifying into a core portfolio of shares with an ESG (Environmental, Social, Governance) profile. The use of such a scheme significantly reduces risks and increases the return on investment.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
FinecoBank’s affiliate program
Currently, there are no partner programs on the FinecoBank website, but the broker offers professional investors cooperation as online financial consultants with training opportunities.
Customer Support
For all questions, you can contact the technical support service by phone 24/7.
Advantages
- Online chat
- Contact support at any time of the day
- Possibility to contact any of the physical offices
- Availability of accounts in social networks
- The site has a FAQs section with answers to frequently asked questions
Disadvantages
- You can reach out to support only in Italian
- On weekends, you can only contact Support by phone
This broker provides the following communication channels:
-
phone call to the numbers indicated on the website;
-
send a request by email as indicated on the website;
-
ask a question in the online chat;
-
contact via Instagram, Facebook, or Twitter;
-
send SMS;
-
use the automatic telephone assistant Voice Portal;
-
visit the office in person.
To ask the support team a question, it is not necessary to have an account on the broker's website. This can be done even without registration.
Contacts
| Foundation date | 1999 |
|---|---|
| Registration address | Piazza Francesco Durante, 1120131 Milan, Italy |
| Official site | https://finecobank.com/ |
| Contacts |
800.92.92.92
|
Education
The Formazione section of the web portal contains training materials in video format. In it, beginners and experienced traders will find useful information on trading and exchanging assets.
At finecobank.com, you can sign up for free face-to-face courses and online trading basics. They are practical exercises and masterclasses from the leading specialists of the company.
Detailed Review of Fineco Bank (FinecoBank)
FinecoBank is a company that provides conditions for trading stocks, options, CFDs, and futures on European and American stock exchanges. As many as 5,500 funds and over 3,000 Italian and foreign stocks are available for investment. The improved screening system offered by FinecoBank makes it much easier for an investor to search for liquid assets by technical, fundamental, production, and industry parameters.
Achievements of FinecoBank in numbers:
-
More than 20 years of experience in financial markets.
-
Nearly 1.4 million customers worldwide.
-
Over 40 international banking and brokerage awards.
-
The bank's financial assets amount to €97.1 billion.
-
There are 1,266 employees that work in 410 physical offices.
-
As of March 2021, the company's net profit was €3.3 billion.
-
FinecoBank is a broker for experienced traders who use professional analytical tools during trading.
FinecoBank — Best Broker for Stock Trading
The FinecoBank broker offers to trade in shares using a guaranteed margin of 5-50%, which allows transactions with a minimum deposit. However, margin trading is not provided for other financial instruments. There is an opportunity to work on weekends and holidays, as well as to conduct short sales of shares not included in the client's portfolio when the market falls. To protect positions, automatic closing of orders by stop loss, take profit, and Trailing Stop is used.
The popular PowerDesk web platform makes it possible to work on the broker's website online. You can also trade in a convenient mobile application or through a desktop terminal. If there is €250,000 in the deposit after the closing of five transactions per month, the payment for using the terminal is not charged. Customers under the age of 28 are entitled to free-of-charge account maintenance.
Useful services of FinecoBank:
-
Fineco Book is a service that allows you to view quotes and charts, track orders, and set alerts.
-
A stock screener with a filter is divided into five macro categories.
-
FAM — automatic selection of assets for compiling an investment portfolio.
-
The economic calendar displays the nearest significant events in the stock markets.
-
Volume indicators: Bill Williams, trend, custom, and oscillators.
Advantages:
The ability to monitor the market and control open positions without using a trading terminal using the Fineco Book, which is posted on the broker's website.
Execution of orders for all instruments is available directly from the charts, without the need to change the interface.
With extended trading hours, traders can take advantage of market opportunities from 2:00 am to 11:00 pm ET every day, including weekends and holidays.
More than 1,200 shares are available for hedging.
With active trading, the software is provided free of charge.
If the conditions for the size of the trading volume are met, the FinecoBank broker reduces its fee to 50%.
Articles that may help you
Check out our reviews of other companies as well
