Fineco review

Spread from

1.0 pip

EUR/USD spread

From 1.0 pip

GBP/USD spread

Instrument/market dependent

Commission

$0 on CFD Forex

All-in cost, EUR/USD

From 1.0 pip

Spread type

Variable

Overnight swap

Overnight financing applies to multiday CFD positions

Deposit fee

None for standard account funding

Withdrawal fee

Banking/account conditions apply

Currency conversion

Spread incorporated into applicable FX conversion

Cost is where brokers in the same regulatory bracket actually differ.

Spreads from 1.0 pip suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Fineco lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, ETFs, Bonds, CFDs, Indices, Commodities, Futures, Options, Certificates, Crypto-linked CFDs

Currency pairs

Multiple

Total instruments

Thousands

Crypto CFDs

Yes, Bitcoin and Ethereum futures-linked CFDs

Maximum leverage

1:30

Execution model

Market maker/principal for CFDs

Execution speed

Not publicly disclosed

Order types

Market, limit, stop and advanced platform-specific orders

Servers

European banking/trading infrastructure

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

Fineco covers forex, shares, etfs, bonds, cfds, indices, commodities, futures, options, certificates, crypto-linked cfds. A wider range matters less than depth in the instruments you actually trade.

Funding options: bank transfer and fineco banking-account funding. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

Fineco Web, Fineco App, PowerDesk

Own platform

Yes

Mobile app

Proprietary

Browser trading

Yes

Automated trading

No MetaTrader EA support

Copy trading

No

Indicators

Advanced technical-analysis indicators and charting

Third-party tools

Market data and professional trading tools integrated into Fineco

API access

Limited/not a conventional retail trading API offering

Fineco offers Fineco Web, Fineco App, PowerDesk. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Regulated by

Bank of Italy; CONSOB; ECB/European banking supervision

Regulator tier

Tier 1

Register entry

Bank of Italy / CONSOB registers

Client money segregated

Yes, subject to Italian/EU banking and investment-services rules

Held at

FinecoBank itself is a licensed bank

Negative balance protection

Yes for eligible retail CFD clients under EU rules

Compensation scheme

Italian deposit guarantee protection up to €100,000 for eligible bank deposits; investor-protection arrangements apply separately

Audited by

Independent statutory auditor

Not available to

Primarily Italy; services and product availability depend on residency

Across a hundred brokers, the licence is what separates the field fastest.

Fineco lists its regulation as Bank of Italy; CONSOB; ECB/European banking supervision.

Client money is held separately from the firm's own money, at FinecoBank itself is a licensed bank. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Italian deposit guarantee protection up to €100,000 for eligible bank deposits; investor-protection arrangements apply separately, which pays eligible clients up to its limit if the firm fails owing client money.

Minimum deposit

$0

Account types

Fineco Account, Trading Account, Professional Client

Account currencies

EUR, multicurrency supports USD, GBP, CHF

Islamic account

No

Demo account

Limited/no conventional standalone forex demo

Professional account

Yes

Minimum trade size

Instrument-dependent

Time to open

Online application; verification-dependent

A short account range, which usually means less to get wrong - the pricing you are shown is close to the pricing you get.

Base currencies: EUR, multicurrency supports USD, GBP, CHF. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is Instrument-dependent. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

Deposit methods

Bank transfer and Fineco banking-account funding

Withdrawal methods

Bank transfer through Fineco banking infrastructure

Deposit time

Bank-transfer dependent

Withdrawal time

Standard banking transfer times

Minimum withdrawal

No conventional broker-specific minimum

Local payment methods

Italian/EU banking infrastructure

Withdrawals are stated at Standard banking transfer times, against Bank-transfer dependent for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer through fineco banking infrastructure. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is No conventional broker-specific minimum - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

Business/extended market hours

Contact channels

Phone, online support, secure client area

Languages

Italian primarily

Telephone

N/A

Email

N/A

Live chat response

Online support available

Education

Extensive: webinars, trading education, platform guides, investment education and events

Research

Market news, real-time data, analysis, technical tools and investment research

Support hours are Business/extended market hours. Check they overlap the sessions you actually trade - cover that ends with the local business day is no use during an overnight move.

Reachable by phone, online support, secure client area. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Italian primarily. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: webinars, trading education, platform guides, investment education and events. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

FinecoBank S.p.A.

Company number

Italian Banking Register No. 3015

Headquarters

Reggio Emilia, Italy

Founded

1999

Publicly listed

Yes, Borsa Italiana: FBK

Parent company

Independent public company

Employees

1,000+

Also trades as

FinecoBank; Fineco

Fineco has been trading for around 27 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

It is publicly listed, which brings audited accounts and disclosure duties a private broker does not carry. That is real transparency about the company - though it says nothing about the trading conditions.

The contracting entity is FinecoBank S.p.A.. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Independent public company. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.