Trading 212 vs Fineco - Fees Review included
Which broker is better Trading 212 or Fineco? Our expert assessment conducted according to TU’s own methodology showed that Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 6.46 out of 10. Fineco is one of the top brokers in the financial market with the TU Overall Score of 5.38 out of 10. Find out more about TU Overall Score.
| Feature | Trading 212 | Fineco |
|---|---|---|
Overall |
3.9 |
3.7 |
4.5 |
3.9 |
|
3.5 |
4.5 |
|
4.7 |
4.3 |
|
Investment Instruments |
1 |
3.2 |
Platforms and Charting Tools |
2.8 |
3.8 |
Deposit and Withdrawal |
4.1 |
3.9 |
Research |
3.7 |
1 |
Education |
3.8 |
4.0 |
Support |
3.9 |
4.0 |
Bonuses |
1 |
3.8 |
Trading 212 vs Fineco: Pros and Cons
The Trading 212 brokerage company (trading212.com) is registered to do business in London in 2006. Its specialization is the provision of services for investment and active trading in the foreign exchange and stock markets. The company is regulated and licensed by the UK Financial Conduct Authority (FCA) and by CySEC in Europe. The broker does not provide data on awards received during the work.
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.
| Trading 212 | Fineco | |
|---|---|---|
| Overall Pros | low level of the minimum deposit | No requirements for the size of the minimum deposit |
| a large selection of trading assets | Availability of a PowerDesk professional trading platform that is available on any device | |
| Big choice of Stocks and ETFs | A vast array of assets in the stock and foreign exchange markets | |
| UK and EU regulated broker | Fixed stock brokerage fee | |
| Stock screener for all markets | ||
| Access to trade on weekends | ||
| Availability of full-time and online training courses in trading | ||
| Overall Cons | lack of investment programs | A fee is charged for using the trading terminal |
| a small number of ways to contact support | No demo account or risk-free trial trading | |
| the company does not hold contests for traders | A monthly account maintenance fee is charged |
Trading 212 vs Fineco: Safety and Regulation
| Trading 212 | Fineco | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 £85,000 |
€100,000 (IT) |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
Trading 212 vs Fineco: Trading Conditions
| Trading Conditions | Trading 212 | Fineco |
|---|---|---|
Minimum Deposit |
£1, €1 |
1 |
Trading Platforms |
Web platform, a mobile app for iOS and Android |
PowerDesk, Web PowerDesk, Fineco Mobile |
Max Leverage (Futures) |
1:30 (retail clients), 1:500 (Pro clients) |
1-50 |
Supported Markets |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Stocks, options, bonds, futures, certificates of deposit, CFDs on currencies, stocks, commodities, ETFs, ETCs, and CWs |
Trading assets |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
20000+ |
Trading Accounts |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
PowerDesk |
Base Account Currencies |
GBP, EUR |
Euro |
Trading 212 vs Fineco: Fees
| Trading 212 | Fineco | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,2 |
0,5 |
Standard acc. spread EUR/USD, max pips |
0,5 |
1,0 |
ECN Commission |
1,5 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Trading 212 vs Fineco: Trading Assets
| Asset Name | Trading 212 | Fineco |
|---|---|---|
Overall |
over 12000+ |
20000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
No |
Binary Options |
No |
No |
Trading 212 or Fineco: Investment Programs
| Asset Name | Trading 212 | Fineco |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
ISA |
Trading Platforms: Fineco or Trading 212
| Trading 212 | Fineco | |
|---|---|---|
MT4 |
No |
No |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
Trading 212 |
PowerDesk |
Others |
No |
No |
Trading 212 vs Fineco: Deposit and Withdrawal Methods
| Trading 212 | Fineco | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
No |
No |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
Trading 212 vs Fineco: Research
| Research Type | Trading 212 | Fineco |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
Trading 212 vs Fineco: Education
| Education Type | Trading 212 | Fineco |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Webinars |
No |
Yes |
Articles |
No |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Fineco vs Trading 212: Support
| Support Features | Trading 212 | Fineco |
|---|---|---|
Working Days |
24/7 |
13/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
No |
Trading 212 vs Fineco: Forex Bonuses and Promo
| Promo | Trading 212 | Fineco |
|---|---|---|
Forex Bonus |
No |
For the first 3 months after registration, FinecoBank provides new clients with a reduced fixed rate for a contract on futures and options trading. |
Affiliate Program |
Promo offer. It works according to the principle of a standard referral program. A client of the company becomes a partner of a broker, receives an individual referral link and attracts new users to the company. The referrer gets a bonus for each new active trader. Trading 212 provides a tiered referral program that rewards every client and friend they refer with a free share (or a share of the whole share) up to €100/GBP. |
No |
Other Promos |
||
Top 5 Reviews on Fineco
-
Comment
Registered an account with Fineco Bank as it offers online trading training courses. I'm still a complete zero in trading, so you can't do without basic knowledge. For those who have the opportunity to visit the office, the broker offers full-time training. A serious disadvantage for me was the lack of a demo account. The broker offers an author's terminal, so competitors will not be able to practice on third-party software. I had to immediately open the real. On the other hand, perhaps this is for the best: when, in the absence of experience, you begin to lose not candy wrappers, but real money, you become more organized and stop making spontaneous transactions. I've only been trading for 3 months, until everything fits.
-
Comment
First of all, FinecoBank attracted me with a wide range of trading instruments such as stocks, ETFs, funds, bonds, futures, options, and Forex. Most all popular assets are here. I am not involved in crypto trading, so I did not notice the absence of crypto coins from the list of available assets. FinecoBank's trading fees are significantly lower than those of its competitors. I would pay my former broker $10 for a $2,000 US stock deal, and FinecoBank only holds back $4. What I would like to point out as a disadvantage of the broker is the high margin rates. Paying 8.1% per year is, in my opinion, a bit too much. Therefore, I trade at FinecoBank only using my own capital.
-
Comment
For 7 years of investing in securities, I managed to cooperate with several dozen stockbrokers, but each of them had some significant drawbacks that made me look for another company. I opened an account with FinecoBank 3 years ago and, as always, was skeptical. However, it was this broker who offered me exactly what I was looking for: low fund commissions, a convenient mobile terminal, and a clear fulfillment of their obligations. Now I mainly trade through FinecoBank. Here, the choice of assets is huge, and the conditions are favorable. It is a pity that it is not yet possible to work with cryptocurrencies here. But I think the company does not want to lag behind its competitors, so it will add cryptocurrencies to the list of available financial instruments soon.
-
Comment
I have been cooperating with FinecoBank for years. I use its banking services, and not so long ago I started investing in securities here. For this purpose, I use a mobile application, as it makes it easy to manage bank and investment accounts, as well as place market and limit orders. There are no complaints at all about the level of service quality: either by phone or in an online chat; and company representatives always answer not only quickly, but also competently. I can recommend trading stocks, ETFs, and futures at FinecoBank, but only with your own funds. The margin rates are high here.
-
Comment
FinecoBank offers different types of trading platforms, but for beginners, I would not recommend using the PowerDesk desktop terminal. It is too complicated, and there are no reports on fees at all. The interfaces of the mobile application and web platform are much simpler and intuitive, although less customizable. The search function works well on both terminals. Price alerts can be set. I invest in mutual funds with FinecoBank and its trading fees are fine with me.
Top 5 Reviews on Trading 212
-
Comment
The multilingual interface of Pacific Union's website indicates that the company is oriented towards clients from all over the world, which is a big plus for the international audience. However, one nuance can be noted: currently the company does not hold contests for traders, which could be an additional incentive for active participation of users. This is, of course, a minor drawback that does not reduce the overall attractiveness of the broker.
-
Comment
Trading 212 offers a really wide range of trading assets, so everyone can choose something to his taste or even try everything at once. The trading conditions are also fine, trades are executed as they should be. The only disadvantage is the limited ways of communication with support. Sometimes you really need advice, and the options for communication are not always convenient or fast. It would be great if they added more communication channels for prompt help.
-
Comment
Trading 212 provides a convenient and intuitive trading platform, which makes it accessible for both beginners and experienced traders. A pleasant bonus is the absence of commissions for trading stocks and ETFs, which allows you to maximize the use of your investments. However, it's worth noting that the asset selection for trading cryptocurrencies and other more specific instruments can be limited. Overall, Trading 212 is a good choice for those looking for a simple and affordable trading platform, but those looking to trade more specialized assets may need to consider other options.
-
Comment
I work with Trading 212 and I have a neutral impression. I like the fact that the company has a low minimum deposit. This makes trading accessible for many people and allows you to start with small investments. However, there is a disadvantage - the lack of investment programs. For those looking for passive income opportunities, this can be inconvenient. Overall, Trading 212 offers good conditions for active traders, but I would like to see more investment options.
-
Comment
Trading 212 is a good broker! Withdrawals are fine here, as well as the execution speed. I felt the quality immediately once I started trading here. I believe that Trading 212 is a high-quality broker that can provide fast order execution speed.
- Quotex vs Trading 212
- eToro vs Trading 212
- Trading 212 vs Trade Nation
- Trading 212 vs Eightcap
- Trading 212 vs NinjaTrader
- Trading 212 vs Vantage
- Trading 212 vs Tradeview
- Trading 212 vs NAGA
- Trading 212 vs Swissquote
- Trading 212 vs IG
- Trading 212 vs Saxo Bank
- Trading 212 vs CMC Markets
- Trading 212 vs FP Markets
- Trading 212 vs OctaFX
- Trading 212 vs TD Ameritrade
- Trading 212 vs FBS
- Trading 212 vs Fusion Markets
- Trading 212 vs XTB
- Trading 212 vs Interactive Brokers
- Trading 212 vs Libertex
- Trading 212 vs Admiral Markets
- Trading 212 vs RoboForex
- Pepperstone vs Trading 212
- Capital.com vs Trading 212
- AvaTrade vs Trading 212
- XM vs Trading 212
- IC Markets vs Trading 212
- FXTM vs Trading 212
- Oanda vs Trading 212
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.