Fineco Bank offers traders one multicurrency trading account type. Each currency type has its own set of conditions. Fineco Bank has no minimum deposit requirement when opening an account.
Fineco Bank at a glance
| 🔍 Broker's Name | Fineco Bank |
| 🏛 Headquartered | Reggio Emilia, Italy |
| 📅 Year Founded | 1999 |
| 🏛 Regulating Authorities | Financial Conduct Authority (FCA), Commissione Nazionale per le Società e la Borsa (CONSOB) Prudential Regulation Authority |
| 🌐 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 |
| 💳 Minimum Deposit | No Minimum Deposit |
| 💳 Deposit Options | Fineco Pay, Apple Pay, Google Pay, Credit & Debit card, Fitbit Pay, Garman Pay, Maxi withdrawals, CORE Series, smart withdrawal, FAM Series Funds. |
| 💻Platform Types | PowerDesk |
| 📲 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📊 Tradable Assets | Forex, indices, commodities, shares, ETFs |
| 🌐 Languages supported on Website | English and Italian |
| ☎ Customer Service Hours | 24/5 |
Min Deposit
USD 0
Regulators
FCA, CONSOB
Trading Platform
PowerDesk
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Fineco Bank Account Types below.
Fineco Bank Account Types Revealed – A Key 11 Point Quick Overview
- ✅Fineco Bank at a glance
- ✅Fineco Bank Overview
- ✅Fineco Bank Account Types
- Fineco Bank Account Features
- How to set up an Fineco Bank Trading Account – Step by Step
- Fineco Bank Demo Account
- Fineco Bank Islamic Account
- Fineco Bank Pros and Cons
- Fineco Bank Customer Reviews
- Conclusion
- Frequently Asked Questions
Fineco Bank has over 20 years of experience in the brokerage market, with more than 30 million orders processed every year, over 1.3 million clients in Italy and £82.4 billion in total financial assets.
Fineco Bank Overview
Fineco Bank is an Italian forex broker and bank that offers award-winning services to a variety of different traders and investment types. Fineco Bank is one of Europe’s largest banks, listed and part of Euro Stoxx 600 that is authorised by the Bank of Italy, and fully regulated by the Financial Conduct Authority FCA and PRA. A well-established industry player, Fineco Bank has over 20 years of experience in the brokerage market, with more than 30 million orders processed every year, over 1.3 million clients in Italy and £82.4 billion in total financial assets.
Enormous trade volume allows Fineco Bank to contain costs and apply low fees. Fineco Bank offers trading through a single account type that offers various features and access to a broad asset portfolio. As such, clients can trade shares, futures, indices, and Forex CFDs at varied and competitive pricing levels. Clients can trade on thousands of securities from the major world markets with transparent pricing and some of the lowest commissions and spreads in the UK.
Furthermore, traders can also explore options on the CBOE market, allows clients to trade the Volatility Index (VIX) and options on S&P, Dow Jones, Nasdaq and Russell Indices and US Stocks. Fineco Banks’ platforms are designed and built in-house and are currently handling 75.000 executed orders daily – this equates to over 27 million orders every year, as already noted.
Fineco Bank’s educational offerings on the website provides a rich variety of regularly updated news articles, as well as insightful pieces on the psychology of Forex trading and investment. Being a well-regulated Forex broker means that traders can enjoy excellent security of investments in the already volatile Forex market. Fineco Bank is strictly regulated by both the CONSOB of Italy and the Financial Conduct Authority (FCA) of the UK.
As per this regulation, your deposit is covered by a statutory Deposit Guarantee Scheme. In addition, your credit institution is part of an Institutional Protection Scheme in which all members mutually support each other to avoid insolvency. If insolvency should occur, your deposits would be repaid up to EUR 100 000 by the Deposit Guarantee Scheme.
Fineco Bank Account Types
Fineco Bank offers one type of standard trading account or all traders. Fineco Bank also offers a free demo account which will allow beginner traders to test out the broker’s features before signing up for a real account. Unfortunately, Fineco Bank does not offer a swap-free, or Islamic account, to traders of the Muslim faith.
| 🌐 Fineco Bank Account | Multicurrency Account |
| 💰 No Min Deposit | |
| 🆓 Demo Sessions | |
| ❌ No Islamic Account on Offer |
Fineco Bank Account Features
The single standard account from Fineco Bank has the following benefits:
| 💳 Account Features: | £0.00 fees on Shares CFDs and no additional spread |
| Fixed commissions on Shares and ETFs, low spreads on Indices and FX and much more | |
| Access 26 global markets | |
| trade over 20,000 financial instruments Worldwide | |
| Invest and trade directly in GBP, EUR, USD, Swiss Franc, and 20+ currencies. Get realtime currency exchange rate and no currency conversion fees |
The account from Fineco Bank will allow traders to use the customizable proprietary trading software of the PowerDesk platform. You can also trade all products anywhere with our top rate Fineco App: mobile streaming quotes and news, live P&L updates, and customizable interactive charts
How to set up an Fineco Bank Trading Account – Step by Step
The following steps can be followed to register and set up a live account with Fineco Bank:
- Step 1 – Navigate to the Fineco Bank website and click “Open Account”
Navigate to the open account area on the Fineco Bank website. This can be accessed by clicking on the open account button at the top of the landing page
- Step 2 – Fill out the Fineco Bank account registration form
Fill out the online registration form. You will need to select the option of a private customer or opening an account as a small business. Traders must provide: First name, Last name, email address and contact number, area of interest and chosen method of opening a Fineco Bank account
- Step 3 – Select choice of privacy information and means of processing personal data
- Step 4 – Fill out the KYC Process in full autonomy for account approval.
Fill in the account opening contract in total autonomy. Keep at hand, for each holder:
1. Valid identity document (driving license, identity card or passport)
2. Tax code
Fineco Bank Demo Account
The demo account from Fineco Bank is unique in that it consists of a free coaching session with the broker’s team. This will give users a quick overview of the key features of the account, as well as a live demonstration of the trading platform, asset classes and trading tools.
| 🌐 Fineco Bank Demo Account features: | Risk - Free |
| Educational Demo Sessions | |
| Live demonstration of trading |
You will also be able to ask any additional questions you might have about the Fineco Bank products and services.
Fineco Bank Islamic Account
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law. With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
| Islamic account | ❌ not offered |
Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Fineco Bank Pros and Cons
| ✔️ Pros | ❌ Cons |
| Advance trading software | No access to high leverage |
| Competitive commissions and tight spreads | No Islamic Account available |
| No minimum deposit | Some additional non-trading fees |
| Well-regulated broker with high deposit security |
Fineco Bank Customer Reviews
Great support
Fineco Bank gives the best support service so I will trade easily . thank you Fineco Bank . I feel very fortunate to be part of the broker – Mary
i am very happy with Fineco Bank…
i am very happy with Fineco Bank service, it provides good return in PMS.. – Dan
No Sign up bonus or Affiliate program on website
I enjoy the perks of sign up bonuses offered by forex brokers, hopefully this can be considered for future offerings – Ed
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Min Deposit
USD 0
Regulators
FCA, CONSOB
Trading Platform
PowerDesk
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Overall, Fineco Bank is an excellent all-round broker for beginner and experienced traders, offering regulatory security, a wide variety of assets and instruments, advanced proprietary trading software, and excellent pricing.
Frequently Asked Questions
Can traders from South Africa open a Fineco Bank trading account?
Finenco Bank is accessible to South African traders.
Does Fineco Bank have ZAR accounts?
Finenco Bank does not offer traders ZAR accounts.
How many instruments can I trade with Fineco Bank?
Fineco Bank offers traders a wide range of asset classes and instruments. This includes over 50 currency pairs, thousands of different stocks from major exchanges across the world, ETFs, bonds, mutual funds, and trading CFDs and other derivatives like futures and options.
Does Fineco Bank offer leverage?
Yes. Traders with Fineco Bank can expect a maximum leverage of 1:100
What currencies can I use when trading with Fineco Bank?
With Fineco Bank you can trade anywhere and hold GBP, EUR, USD and 20+ currencies.
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