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Fineco

Regulated
Italy
,
Since 1999
Last Updated:

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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Editorial review
Updated

Broker Summary

What Wikilix has recorded about Fineco: its history, the licences it holds, its trading conditions and its fees.

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.

Regulation check

Regulatory Licenses

Fineco is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 2 checked
Licences on record
2
Confirmed on register
0
Tier 1 or 2
2
Offshore
0

WIKILIX

Licence intelligence

The strongest of 2 licences on file

Licence Verification Record

Australia Securities & Investment Commission 3015

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
Italy
Authority strength
Tier 1
Licence type
Financial Service
Not yet checked on the register

Client protection under this licence

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Negative balance protection
  • Complaints routeAFCA
  • Maximum leverage1:28

These are the rules ASIC sets for the firms it licenses. They are not a statement about how Fineco applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

7 account types on record. Minimum deposit from EUR 1. Leverage up to 1:28.

7 account types
AccountMin DepositLeverageCommission
RegularStandardEUR 11:1Varies by instrument and market
RegularStandardEUR 11:1Not specified
Spread onlyStandardEUR 11:28Zero commissions, spreads apply
ETFInvestEUR 11:1Zero commissions on 800+ ETFs
MicroCentEUR 11:1Varies by instrument, e.g. €0.85 per lot
RegularStandardEUR 11:1Zero commissions
RegularStandardEUR 11:1€2.95 per Italian stock order
Account names and conditions as published by Fineco, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

5 ways to fund an account. 2 with no deposit fee. 2 credit instantly.

5 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer
International bank transfers may incur additional intermediary bank fees. Available to clients in the EU and other supported regions.
FreeEUR 1.45Not recordedNot recordedEUR 50,0003 days
Credit/Debit CardCredit Card
Not all card types accepted; availability limited to specific banks. Available only in Italy and the UK.
FreeNot recordedNot recordedNot recordedNot recordedInstant
E-walletsE-Wallet1Not recordedNot recordedNot recordedNot recordedNot recordedhour
CryptocurrencyCryptocurrency1Not recordedNot recordedNot recordedNot recordedNot recordedhour
Debit CardDebit Card
Withdrawals via mobile app are free but limited to €3,000. Available in Italy and the UK.
Not recordedNot recordedNot recordedNot recordedEUR 50,000Instant

Broker's notes on these methods

  1. Not applicable. · applies to 2 methods
Fees, limits and processing times as published by Fineco, recorded by Wikilix.
Websites

Global Domains

3 domains on record. All active and served over HTTPS.

3 domains
  • about.finecobank.com/itActiveHTTPS
  • help.finecobank.com/it/cookies/cookies.htmlActiveHTTPS
  • devportal.finecobank.comActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

3 official channels on record.

3 channels
Channels as published by the broker, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about Fineco

Most Popular Questions
FinecoBank provides customer support via phone, live chat during business hours, and email. Support is available in English, with contact options including a UK freephone number and social media channels such as Facebook and LinkedIn.
FinecoBank offers a maximum leverage of 1:1 for trading. This low leverage level reflects regulatory compliance and risk management policies under CONSOB supervision.
FinecoBank supports deposits via bank transfer, credit/debit cards for clients in Italy and the UK, and debit card withdrawals with some free limits via mobile app. Cryptocurrency and e-wallet transactions are not supported. Bank transfers typically take 1-3 business days with a withdrawal fee of €1.45.
FinecoBank S.p.A. is regulated by CONSOB in Italy, an onshore regulator with high transparency and client fund insurance up to €20,000. It holds licenses for dealing in securities and financial services, ensuring compliance with EU regulations and investor protection standards.
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