Fineco Bank Fees Spreads and Commission varies according to the account type which the trader is using. Fineco Bank spread list starts from 0.8 pips.
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 Fees Spreads and Commission below.
Fineco Bank Fees Spreads and Commission Revealed – A Key 9 Point Quick Overview
- ✅Fineco Bank at a glance
- ✅Fineco Bank Overview
- ✅Fineco Bank Fees and Spreads
- Fineco Bank Additional Trading Fees
- Fineco Bank Broker Fees
- Fineco Bank Pros and Cons
- Fineco Bank Customer Reviews
- Conclusion
- Frequently Asked Questions
Here is our overview of the Fineco Bank Fees Spreads and Commission as well as the features that are offered, which could effect your trading.
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 Fees and Spreads
Traders with Fineco Bank can expect the following spread list: Spreads with Fineco Bank begin as low as 0.8 pips on major currency pairs like the EUR/USD.
Commissions are also charged at variable rates depending on the instrument and the volume traded. These include $3.95 for stock trades on US markets, while those trading from Italy will have a price range of between $3.95 and $12.95 depending on the asset and exchange you are trading on. ETF trading fees have a high point of €19 per trade though this can drop to as low as $2.95 depending on your trading volume.
Fineco Bank Additional Trading Fees
Fineco Bank charges a holding fee on mutual funds at 0.25% annually. The broker does not charge an inactivity fee on dormant accounts, or deposit fees, although a withdrawal fee of 0.2% is charged on international bank transfers. Fineco Bank does charge swap fees, also referred to as overnight fees.
| 💰 No Minimum Deposit | |
| Commission Fees | ☑ Variable rates |
| Inactivity Fees | $0 |
| Swap Fees | ☑ Charged |
A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, is called the rollover rate. A swap-free account is not available for traders of the Muslim faith, for whom such interest is strictly prohibited by Sharia law.
Fineco Bank Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution. As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.
| Conversion Fees | ☑ |
| Spread Betting Fees | ❌ |
As Fineco Bank is not a spread betting broker, and so spread betting fees will not apply.
Fineco Bank Pros and Cons
| ✔️ Pros | ❌ Cons |
| No deposit fees | Holding fee on mutual funds |
| No inactivity fees | Withdrawal fee on international bank transfers |
| No minimum deposit |
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
Does spread betting cost apply to Fineco Bank?
Fineco Bank does not offer spread betting, therefore no costs apply.
What type of spreads apply to Fineco Bank?
Spreads with Fineco Bank begin as low as 0.8 pips on major currency pairs like the EUR/USD.
Does Fineco Bank charge overnight fees?
Yes, Fineco Bank charges fees on positions held overnight.
Will I have to pay any deposit and withdrawal fees with Fineco Bank?
Yes, Withdrawal fees apply with Fineco Bank when traders make International withdrawals
Is Fineco Bank a good low commission forex broker?
Yes. Commissions are charged at variable rates depending on the instrument and the volume traded. These include $3.95 for stock trades on US markets, while those trading from Italy will have a price range of between $3.95 and $12.95 depending on the asset and exchange you are trading on.
ETF trading fees have a high point of €19 per trade though this can drop to as low as $2.95 depending on your trading volume.
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