📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses


⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Fineco Bank Review – Unbiased Pros & Cons

Finding a reputable Fineco Bank review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review regarding Fineco Bank to help you make an informed decision before opening your account or trading on their platform.


Fineco offers banking, brokerage, and investment services to retail clients from the convenience of a single multicurrency account.



Efficiency, innovation, and transparency helped Fineco become one of the highest-rated banks in Europe, with more than 1.3 million customers. Since launching in 1999, Fineco’s mission has been to enhance the experience of online banking.

The company’s business model allows it to offer a range of financial services designed to meet its clients’ banking and investment needs, which they can access from an innovative and user- friendly platform.

The pricing is competitive and includes commission-free trades on share CFDs and no additional charges on stock prices. Equally impressive is the quality of trade flow. Fineco offers free streaming quotes for UK, EU and US markets with level-5 order books.

This unique approach has helped distinguish the broker from its competitors and become one of the world’s most recommended banks.

Fineco is one of Europe’s most popular online trading platforms due to its robust order execution and constant innovation. The broker’s clients can access a wide range of asset classes including stocks, bonds, ETFs, futures, options, CFDs and structured products.

The strength of the broker’s order execution services and its ongoing product and service innovation set Fineco apart from its competitors and constitute a distinctive aspect of the broker’s product offering.



When a broker has won numerous awards and indicates such on their website, it often instils more confidence in the broker as an industry leader and provides it with a good reputation in its solutions and services provision.

Fineco Bank has won numerous awards during its operational history, which include the following:

  • Institutional Investor awarded Alessandro Foti as the best CEO in Europe in the banking category (Small & Mid-Cap) and included Fineco among the “Most Honoured Companies”.
  • Fineco won the “UK-Italy Business Awards” of the British Government assigned by the Department for International Trade, based at the British Consulate in Milan.
  • Fineco is the top-ranked Italian bank on the FTSE Mib in terms of capital ratio (CET1), updated for the first half of 2017.
  • Also, in 2020 Fineco is at the top of the KPMG research “The Excellence in Customer Experience”: among the top 5 brands in Italy and N.1 in the Financial Services sector. A result achieved by continuing to ride the digitization and simplification trends.
  • Fineco won “Best Private Banking Team” at the 2017 Fonti Awards.




A Forex account is a trading account that traders hold with a specific broker to trade financial instruments.

Brokers offer a variety of trading accounts, or they may only offer a single account, in which they provide certain trading conditions that appeal to a variety of traders according to their trading needs and objectives.

The number and the type of accounts that traders are offered will vary from one broker to the next and therefore it is imperative for traders to know what their trading needs and objectives are, and why they should choose a broker according to that, amidst other factors.

The same multi-currency trading account is available for all Fineco clients. The account supports 24 currencies, free of account fees, displays real-time Forex exchange rates for proper portfolio management across numerous global markets.

Added to this, currency conversion costs are non-existent due to the broker’s wide range of accepted deposit currencies.

The broker does not engage in the upselling of superior services for more massive deposits. All portfolios receive equal treatment, adding to the superior trading environment at Fineco Bank.

Clients will be able to trade globally, from their local account in a low-cost environment. The multi-currency account from Fineco Bank comes with the following features:

  • Live prices
  • Intuitive chart trading
  • +6,0real-timeline news per day
  • Push notifications
  • Automatic orders
  • Personalised dashboards
  • Technical analyses & historical reports
  • Personalised listings
  • Multi-charts
  • Economic calendar
  • A complete overview of every security, with live quotes, main figures, detailed reports, data sheets and analyst’s recommendations.
  • Free streaming quotes for UK, EU, and US markets with 5- levels order book.
  • Professional charting system with customisable timeframes and over 90 technical indicators and data export, free of charge.



When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.

Regulation plays a key part where client funds are concerned as funds that are kept in segregated accounts must be available for withdrawal at any given time when a request is made by the trader and subsequent owner of the trading account.

With Fineco Bank, there is no minimum deposit amount required to open a broker account. This means that the broker well-positioned for those who want to trade or invest with a smaller amount.

It also means that this broker is an excellent choice for beginner traders seeking a secure and affordable trading environment to begin their trading career, while established traders will still enjoy the broker’s advanced trading environment.



When evaluating a broker, it is imperative to look at the fees which are charged. These often depend on numerous factors including the spread, commissions, and margin requirements.

The spread is the difference between the bid and asking price, which is expressed in pips, which is the smallest increment that a price can move either up or down.

A margin requirement is the amount of capital that the trader must put down at the start of the trade, or that they must have available in their trading account, as collateral for the trade. This amount is often lowered substantially when leverage is applied.

Commissions are charged on certain instruments, often when traders are offered with variable or floating spreads, as the percentage charged counts towards tbroker’sers fee for their services. Brokers who are Market Makers, or who offer fixed spreads, often offer commission-free trading.



As an FCA regulated broker Fineco Bank offers maximum leverage of 1:30 to its retail trading clients. Professional clients can apply f maximum leverage of 1:100.

Leverage is a tool that allows the trader to open larger positions in addition to providing the trader with larger exposure to the market in which they are trading regardless of the trader’s initial deposit.

Leveraged products, such as Forex, increases the potential profits of the trader, but it also increases the risks and subsequent losses that the trader may incur.

Leverage is expressed as a ratio, for instance,1:1, 1:50, 1:100, 1:500, and even up to 1:3000. For instance, should a trader have $1,000 in their trading account any apply a leverage ratio of 1:100, they can control a position of $100,000.

Margin is the amount required at the start of every trade which is collateral for any credit risks which may arise while trading. It is expressed as a percentage of the position size and traders must ensure that they have adequate funds to cover this requirement.

For instance, should there be a 1% margin requirement on a position of $1,000,000, the trader must cover a margin requirement amount of $10,000. The margin requirement must be equal to or more than 100% for the position to be opened.



Fineco Bank does not offer any type of broker bonus scheme for clients who choose to register for a real account, such as a welcome bonus, as well as any other type of additional promotions, such as a trading bonus or a referral bonus.

This is primarily since the broker is highly regulated by the Financial Conduct Authority (FCA), which has place restrictions on the provision of bonuses.

Companies that wish to provide their clients with additional incentives are advised by the regulator to offer lower spreads.

The FCA, also known as the Financial Conduct Authority, is a financial regulatory body based in the United Kingdom. The main task of this entity is to monitor and regulate every financial services industry operating inside its authority.

They are operating independently from the government and have the right to charge fees to their members they can maintain the integrity of the financial markets within the United Kingdom.

Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to benefit from the bonus.

The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.

Hence, although no deposit bonuses are a wonderful way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.

The European Securities and Markets Authority (ESMA) has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs.

These prevent brokers to provide the retail client with a payment, monetary or excluded non-monetary benefit about the marketing, distribution, or sale of a CFD, thus ruling out the offering of such bonuses.



A trading platform is a type of software that is used through which trading can be executed. Each broker has its own preference in which platforms it supports and often brokers offer the use of their own proprietary trading platforms.

The core features of the broker’s PowerDesk trading platform are particularly strong. Charting tools, the execution interface and push notifications are all very impressive. An extra plus point the extent to which the dashboards can be personalised.

This platform provides the following features:

  • Unbeatable range of markets to trade – more than 26,000
  • Ease of access – browser-based and intuitive functionality to help beginners
  • Research and trading ideas – some of the best research tools on the market
  • Great T&Cs – low trading costs and transparent pricing policies
  • Highly customisable – set your dashboard to suit you



Most brokers offer all or some of the following market instruments for trading:


Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies and financial institutions exchange currencies for one another at floating rates.



As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.



Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is the actual stock market index measures the value of a specific section of a stock market.


Precious metals

This involves the trading of gold, silver and other precious metals as hard commodities that are contract-based tradable.



The high volatility of energy prices due to political, environmental and several other factors, is a typical feature of this product, making it a popular trading choice.



Tradable cryptocurrencies include the following:

Bitcoin (BTC) is the digital currency with the largest market capitalisation and price levels and dominates 50% of the total crypto market cap.

Litecoin (LTC) is like Bitcoin but differs in terms of scalability.

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Bitcoin Cash (BCH) was created as the latest version of the blockchain with different rules.

Fineco Bank offers an excellent choice across the global financial spectrum, exceeding 20,000 assets.

This includes over 7,850 equities and 6,000 bonds, accounting for most assets. Over 50 currency pairs, and a deep selection of indices, commodities, bonds, ETFs, and mutual funds, complete the selection.



When choosing a broker, one of the benchmarks against which to measure safety and client fund safety and security, is to establish which regulating authorities oversees the operations of the broker.

The Bank of Italy authorizes and regulated Fineco Bank. It is additionally a member of the National Compensation Fund and the National Interbank Deposit Guarantee Fund.

Since 2017, it provides services in the UK, where the Financial Conduct Authority and Prudential Regulation Authority maintain limited regulatory oversight as mandated by EEA rules.



This is a crucial point when evaluating potential brokers to trade with as the broker must ensure that their traders have a variety of ways in which to contact support should they have queries, questions, or issues.

Fineco Bank offers excellent, competent, and professional customer support, though the selection of support languages is quite limited.



Education refers to all the learning material and tools offered by brokers which is imperative for traders in their trading activities, especially beginners. It provides traders with the necessary knowledge that they will need to become successful traders.

Widespread support is provided in written and video format. These provide information on topics ranging from the basics of how to trade’ through to more complex topics. There is something for every type of trader and the pieces are well laid out and idea-generating.



To assist in their trading endeavours, brokers offer traders a variety of trading tools that can be used to refine their trading.

Each area of the site is fully loaded with high-quality trading resources. A good feature is that you can tap into brokers’ social media monitors to catch up with the latest news and trends.

The site set up also helps you when you want to scale down on your searches and focus on one item. Granular research is supported by an abundance of fundamental data on each market.



Fineco Bank offers and extremely advanced and secure trading environment, which is not too advanced for beginner traders to benefit from due to the wealth of educational resources.

The pricing structure is competitive, and the single account is structured to suit a wide variety of trading needs. It is only a pity that the broker is not available in more countries.



Fineco Bank warns potential customers that Forex and CFDs trading carries an elevated risk and may not be suitable for all investors.

Before deciding to trade with Fineco Bank, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

Fineco Bank warns that margin trading involves the potential for profit as well as the risk of loss.

Movements in the price of foreign exchange and commodities are very unpredictable, hence Fineco Bank cannot guarantee a maximum loss that a trader may suffer.



Broker’s Name Fineco Bank
Headquartered Reggio Emilia, Italy
Year Founded 1999
Regulating Authorities FCA
Countries not accepted for trade Australia, Canada, China, Germany, Hong Kong, India, Japan, Malaysia, Netherlands, Singapore, United Arab Emirates, United States
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts Yes
Managed Accounts Yes
Maximum Leverage 1:100 for professionals
Minimum Deposit No minimum deposit
Deposit Options Wire transfer, card payment
Withdrawal Options Wire transfer, card payment
Platform Types PowerDesk
OS Compatibility Windows, Mobile, Web, iPhone, iPad

PC and Mac OS, mobile for Android and IOS

Tradable Assets Forex, Indices and Commodities
Languages supported on Website English, Italian
Customer Support Languages English, Italian
Customer Service Hours 24/5











How many instruments can I trade with Fineco Bank?

Fineco Bank offers an excellent choice across the global financial spectrum, exceeding 20,000 assets.

This includes over 7,850 equities and 6,000 bonds, accounting for most assets. Over 50 currency pairs, and a deep selection of indices, commodities, bonds, ETFs, and mutual funds, complete the selection.


Which platforms are supported by Fineco Bank?



Does Fineco Bank offer leverage?

Yes, as an FCA regulated broker Fineco Bank offers maximum leverage of 1:30 to its retail trading clients. Professional clients can apply for maximum leverage of 1:100.


What spreads can I expect with Fineco Bank?

Overall, the broker provides a competitive price structure. Index CFDs carry a minimum cost of 0.4 pips.


Does Fineco Bank charge commission?

Yes, the broker does charge commissions on certain products. For example, direct share dealing, and ETF trading comes at a fixed price of just £2.95 per deal ticket in the UK and $/€3.95 for US/EU markets.

Futures trading is just as competitive, where the commission starts at $0.70, while options pricing is as low as $2.50.


Are there additional charges on the Islamic account?

Fineco Bank does not offer an Islamic Account.


Is Fineco Bank regulated?

Yes, Fineco Bank is regulated by the Financial Conduct Authority (FCA).

Is Fineco Bank a recommended forex trading broker for experts and beginners?

Yes, Fineco Bank is a good option for beginner and advanced traders due to its lack of a minimum deposit requirement coupled with advanced trading features.


What is the overall rating out of 10 for Fineco Bank?





What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.


Does Fineco Bank offer a demo account?



For how long is the demo account valid?

The demo account from Fineco Bank is available for an unlimited period. However, the account may expire after a period of inactivity, so that it is worth confirming this with the broker’s customer support team.


Does Fineco Bank offer the option of an Islamic Account?



Which live trading accounts does Fineco Bank offer?

The same multi-currency trading account is available for all clients.


What are the available deposit currencies for a live trading account?

Fineco Bank accepts most global currencies with few exceptions. These include currencies such as ZAR (Rand).




What is the minimum deposit for Fineco Bank?

Fineco Bank does not have a minimum deposit requirement. This makes the broker an affordable choice for many beginner traders.


How do I make a deposit and withdrawal with Fineco Bank?

Fineco Bank does not provide much information regarding the available deposit and withdrawal methods, though being a bank, it is obvious that wire transfers will be accepted, as well as debit and credit cards.

Fineco does also issues debit cards, which can be used to manage finances. However, apart from these more traditional funding methods, the broker does not appear to accept e-payment options.


Does Fineco Bank charge withdrawal fees?

The broker does not provide information regarding withdrawal fees.


How long does it take to make a withdrawal?

Processing times may vary depending on the payment method; details of these can be provided by the customer support team.


Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like


Overall, FINEXO is fully regulated by top-tier regulators. It has a trust score of 60 out of 100 and is considered a low-risk trading partner.