Tradeable Symbols (Total): 126

Year Founded:

Publicly Traded (Listed):


OPEN AN ACCOUNT AND GET “£500 TRADING COMMISSIONS”. Commissions are valid on Stock Markets (UK FTSE, US markets – NYSE, NASDAQ, AMEX- , Equiduct, Xetra, Euronext, Borsa Italiana) and Bond Markets (Mot, Euromot, Etlx) only. Other markets and CFDs are excluded.

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Pros 👍🏻

  • Regulated as a bank and publicly traded on the Italian stock market (BIT: FTK).
  • Member of the National Compensation Fund and the National Interbank Deposit Guarantee Fund in Italy.
  • Knock-out options are available, along with guaranteed stop-loss orders (GSLOs).
  • Competitive pricing on index CFDs.
  • Offers a good selection of funds as an investment option.
  • Holds EUR 101.4 billion in assets as of June 30, 2021.

Cons 👎🏻

  • English speakers will find a shortage of research and education content.
  • Educational content and research material are unorganized.
  • Offers a very narrow range of CFDs – only 126 are currently available.
  • Max position limited to 99 standard lots on EUR/USD.
  • Demo/virtual accounts are not available.
  • Must be a resident of Italy or the U.K. to open an account online.
  • EU residents must be present at a physical branch to open an account.


Trust score
Offering of Investments
Commissions & Fees
Platform & Tools
Mobile Trading

Offering of investments

FinecoBank offers 54 forex pairs and 126 CFDs across indices, bonds, commodities, and popular shares, along with access to non-CFD share trading on international and US exchanges.

Cryptocurrency: Cryptocurrency trading is not available at any FinecoBank entity.

Investors in the U.K. can find further detail about Fineco’s U.K. offerings in the FinecoBank review on our sister site, U.K.


Feature Fineco Bank logo
Forex Trading (Spot or CFDs) Yes
Tradeable Symbols (Total) 126
Forex Pairs (Total) 54
U.S. Stock Trading (Non CFD) Yes
Int’l Stock Trading (Non CFD) Yes
Social Trading / Copy Trading No
Cryptocurrency (Physical) No

Commissions and fees

Fineco does not publish average spread data for forex and CFD trading – making it difficult to assess its true trading costs.

It lists a spread of 1 pip for the EUR/USD, which – even if an average value – is higher than the typical spread offered by forex brokers. Fineco Trade also lists a spread of 0.8 pips, but neither of these spreads are listed as an average value, and no corresponding date range has been provided. That said, it’s worth noting that Fineco appears to offer lower spreads on its index CFDs.


Feature Fineco Bank logo
Minimum Initial Deposit $0
Average Spread EUR/USD – Standard N/A
All-in Cost EUR/USD – Active N/A
Active Trader or VIP Discounts No
Execution: Agency Broker No
Execution: Market Maker No

Mobile trading apps

FinecoBank offers a proprietary mobile app for Android and iOS devices. The online account application is only available to residents of the U.K. and Italy, however, so I was unable to run any tests on Fineco’s mobile app – and a functioning demo account is not available. To learn more about the brokers with the best mobile trading apps, read our mobile trading guide.


Feature Fineco Bank logo
Android App Yes
Apple iOS App Yes
Mobile Alerts – Basic Fields No
Watchlists – Total Fields
Watchlist Syncing No
Charting – Indicators / Studies (Total) 90
Charting – Drawing Tools (Total) N/A

Other trading platforms

Fineco offers a trading platform for web and desktop called PowerDesk. The geolocational restrictions (and lack of demo account availability) at Fineco meant that it was impossible for me to install the PowerDesk trading platform, but I was granted access to the web platform. While the Fineco web platform has a rich variety of features, its functionality reminded me of legacy platforms – and would benefit from a modern upgrade to improve its ease of use.

Platforms overview: Fineco delivers a wide range of markets through its web platform. By bringing banking and investing together under one roof, Fineco has made it easy for traders to access everything they need – including forex, CFDs, and funds.

Check out our walkthrough of FinecoBank’s web platform:



Feature Fineco Bank logo
Virtual Trading (Demo) No
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy Trading No
MetaTrader 4 (MT4) No
MetaTrader 5 (MT5) No


Given the caveat that I was unable to test much of FinecoBank’s trading platform features, I nevertheless felt that the research features were underwhelming. FinecoBank’s newsroom section does host an assortment of articles that I found to be decent, including its Market Theme series.

Research overview: Research consists of articles, videos, and other content found in FinecoBank’s platform suite.

Market news and analysis: Fineco’s Market Theme series of articles is a reasonably helpful blend of investor education and time-sensitive market information. However, the time-sensitive quality of some of the content means it can quickly become outdated. Daily market commentary was absent from Fineco’s platform offering data-nameogether.


Feature Fineco Bank logo
Daily Market Commentary No
Forex News (Top-Tier Sources) Yes
Autochartist No
Trading Central (Recognia) No
Social Sentiment – Currency Pairs No


FinecoBank’s webinars, videos and articles are a good foundation for future improvement, but its run-of-the-mill educational content can’t compete with the best brokers in the industry.

Learning center: FinecoBank provides a video library for both its English (U.K.) and Italian (IT and EN) websites, where there are dozens of videos grouped by theme. I found some of the English content to be good quality, including some archived webinars on FinecoBank’s YouTube channel.

Fineco’s daily webinars cover investing and trading themes, and also include live trading events. The website hosts a mix of research and educational articles in its newsroom section. Overall, FinecoBank’s educational offering left me wanting more.

Room for improvement: Adding the ability to filter material by experience level would enhance the platform’s educational content. I’d also like to see a general expansion of the topics and themes covered in this section. Some of the best brokers offer lesson programs, complete with quizzes and progress tracking – features that are currently absent at FinecoBank.


Feature Fineco Bank logo
Has Education – Forex or CFDs Yes
Client Webinars Yes
Client Webinars (Archived) Yes
Videos – Beginner Trading Videos Yes
Videos – Advanced Trading Videos Yes
Investor Dictionary (Glossary) Yes

Final thoughts

If you reside in Italy, FinecoBank is an excellent choice for all things banking and brokerage, with forex and CFDs offered alongside popular global stock markets.

Likewise, if you are a U.K. resident, FinecoBank’s offering of investments competes fairly well with the best U.K. brokers. Though you can trade a wide variety of securities at FinecoBank, its range of CFDs is narrow, and its research and educational content doesn’t match up with industry leaders.

For those traders residing outside the U.K. or Italy, please note that you won’t be able to open a live account with Fineco.

About FinecoBank

FinecoBank holds 101.4 billion in total assets and services 1.4 million clients as of June 30, 2021, and is publicly traded on the Italian stock exchange Borsa Italiana (BIT) under the ticker symbol FBK. Launched in 1999, FinecoBank was part of the UniCredit banking group until 2019 when it became a fully independent company and member of the FTSE MIB (Milano Indice di Borsa), representing the 40 most-traded stock classes in Italy.

2022 Review Methodology

For our 2022 Seven Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.


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