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Fineco

Regulated
Italy
,
Since 1999
Last Updated:
49/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
1
Account Types
RegularRegularSpread only+4 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

5 methods

Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
€1

Credit/Debit Card

credit card
Instant
Fee:
Free
Fee:
Free

E-wallets

e wallet
hours
Fee:
Free
Fee:
Free

Cryptocurrency

crypto
hours
Fee:
Free
Fee:
Free

Debit Card

debit card
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 50%, 2: License 70%, 3: Software 0%, 4: Spread 0%, 5: Account Type 27%, 6: Symbol 0%
Regulation
50%Fair
License
70%Good
Software
0%Poor
Spread
0%Poor
Account Type
27%Poor
Symbol
0%Poor

Company Information

Full Name:FinecoBank S.p.A.
Founded:1999
Headquarters:Italy
Enterprise Offices:N/A

Customer Support

Phone:
+44 20 7065 7557
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

FINECO: THE TRADING BROKER OF THE FUTURE

FINECO (formerly ELITE Bank) is based on its ability to combine traditional banking services with a trading platform designed to meet the wide range of needs of today's investors and traders.

This article outlines the background and key features of FINECO and provides insight into its regulatory compliance; trading conditions; fees; AND USER EXPERIENCE.

FINECO BACKGROUND HISTORY

FINECO started in 2002 in Italy and has numerous trading products including CFDs, ETF, ETC, ETNs, bonds, futures, and options on its proprietary platform FINECOX. While much of the historical information is not well-established, FINECO's market reputation is based on innovation and a focus on customer service. FINECO provides clients with the ability to trade, manage portfolios, AND conduct banking activities on its easy-to-use trading platform.

FINECO KEY FEATURES AND PRODUCTS

FINECO provides a versatile trading platform that integrates banking services with trading/investment products to provide a complete and comprehensive customer experience in one location. Customers can perform trades, manage portfolios, AND conduct banking functions all in one easy-to-use platform.Fineco offers very little detailed information regarding both their trading instruments (commodity) and available trading platforms. However, most brokers of this type typically provide clients access to the major global markets as well as other types of investment products.

Based on the information available, we can make some generalizations about Fineco's trading platform in terms of technology and user friendliness.

The Fineco Trading Platform is said to be designed to be user-friendly and to give traders the ability to use it on a web-based and mobile platform to make trades, as well as to view their accounts and investments live. Its technology allows traders to utilize efficient order execution and to manage their portfolios.

Regulatory Compliance and Licensing

The way in which a financial services provider is regulated is an important aspect to consider. It establishes the level of protection a client has, as well as a broker's compliance with financial regulations. However, there is little detailed information available regarding Fineco's licensing or regulatory compliance.

Included below is a summary of the limited information available regarding the regulatory compliance of Fineco:

Regulator

License Number

Status

Limited information available

Trading Conditions & Platform Technology

One of the most critical factors to determining whether a broker is suitable is understanding the different trading conditions it provides. Unfortunately, there is little detailed information on the spreads, leverage, and minimum deposit requirements ofIn general, many brokers mentioned in this category have competitive trading conditions based on their potential customers' profiles.

The Platform Technology of Fineco is reputed to provide Multiple Order Types, Real-Time Market Data, and advanced charting, but Exacts Feature are Unknown.

The following table is a summary of the Limited Available Information of Fineco's Trading Conditions:

Trading Condition

Information about details

Spreads

Little information about

Leverage

Little information about

Minimum Deposit

Little information about

Platform Type

Web-Based and Mobile (assumed)

Fee Structure

Fees and commissions are critical factors that affect traders' choices when selecting brokers - However, the research performed so far has not generated results covering Fineco's fee structure or details associated with Deposits, Withdrawals, Commissions, etc.

In most cases, brokers like Fineco continue to create fee schedules that are transparent and Competitive in order to attract and maintain their clientele; without specific Fee Schedule Information on Fineco, it is recommended that potential users consult Fineco directly for Up-to- Date Fee Information.

Fee Types

Information about details

Deposit Fees

Little information about

Withdrawal Fees

Little information about

Commission

Little information about

User Experience & Market Reputation

Fineco is regarded as a broker that combines Banking with Trading Services to provide users with a simple Interface that is convenient for them, making it easier for them to manage their overall financial activity in one location; therefore, users who appreciate ease of use and Convenience in this area have expressed interest in Fineco's Interface.

The availability of Detailed User Reviews and Market Reputation Information is limited at this time, but the company's history within the Financial Services Industry indicates a High Level of Trust and Reliability by Users; those considering Fineco should seek direct Feedback from Current Users and/or Financial Advisors regarding their Experiences.

Conclusion

Clearly, Fineco represents a Financial Services Company that integrates Banking with Trading Services into one Conveniently functional Platform, while serving Diverse Clientele; the limited availability in public records regarding Fineco's Specialty Trading Conditions, Fees, and Regulatory Facts warrants further Due Diligence by interested parties. Interested users should contact Fineco directly for more Detailed Information related to their Trading/Investing needs.

Regulatory Licenses

Compliance & oversight

2 licenses
Italy
ASICTier 1
Italy#3015
License Details
Type:Financial Service
License #:3015
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Italy
CONSOBTier 2
Italy#12962340159
License Details
Type:Dealing in securities
License #:12962340159
Status:Regulated
Validity
Effective:N/A
Expires:N/A
1
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

7 types
Regular
Standard
Min Deposit EUR 1 • Leverage 1:1 • Commission Varies by instrument and market
Min DepositEUR 1
Leverage1:1
CommissionVaries by instrument and market
Regular
Standard
Min Deposit EUR 1 • Leverage 1:1 • Commission Not specified
Min DepositEUR 1
Leverage1:1
CommissionNot specified
Spread only
Standard
Min Deposit EUR 1 • Leverage 1:28 • Commission Zero commissions, spreads apply
Min DepositEUR 1
Leverage1:28
CommissionZero commissions, spreads apply
ETF
Invest
Min Deposit EUR 1 • Leverage 1:1 • Commission Zero commissions on 800+ ETFs
Min DepositEUR 1
Leverage1:1
CommissionZero commissions on 800+ ETFs
Micro
Cent
Min Deposit EUR 1 • Leverage 1:1 • Commission Varies by instrument, e.g. €0.85 per lot
Min DepositEUR 1
Leverage1:1
CommissionVaries by instrument, e.g. €0.85 per lot
Regular
Standard
Min Deposit EUR 1 • Leverage 1:1 • Commission Zero commissions
Min DepositEUR 1
Leverage1:1
CommissionZero commissions
Regular
Standard
Min Deposit EUR 1 • Leverage 1:1 • Commission €2.95 per Italian stock order
Min DepositEUR 1
Leverage1:1
Commission€2.95 per Italian stock order
7
Total Types
3
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

5 methods
Bank Transfer
Bank Transfer3 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:EUR 1.45
Min:N/A
Max:EUR 50,000
International bank transfers may incur additional intermediary bank fees. Available to clients in the EU and other supported regions.
Credit/Debit Card
Credit CardInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Not all card types accepted; availability limited to specific banks. Available only in Italy and the UK.
E-wallets
E-Wallethours
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Not applicable.
Cryptocurrency
Cryptocurrencyhours
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Not applicable.
5
Free Deposit
5
Instant
1
Crypto

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with Fineco: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark Fineco at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for Fineco

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

3 sites
🌐
https://about.finecobank.com/it/
Unknown
Active
SSL
🌐
https://help.finecobank.com/it/cookies/cookies.html
Unknown
Active
SSL
🌐
https://devportal.finecobank.com
Unknown
Active
SSL
3
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

3 platform

Comments

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