FinecoBank Review

Italian investors wanting bank and brokerage combined

Bank of Italy CONSOB ECB

Founded 1999 · Italy

Why investors choose this broker

Stocks and ETFs from 0.19% with EUR 2.95 minimum
800+ ETFs available with zero commission
No inactivity, deposit, domestic withdrawal or custody fees
Access to 26 global markets and 20,000+ instruments

Review summary

FinecoBank is an Italian bank and multi-asset brokerage offering stocks, ETFs, bonds, CFDs, forex, futures, options, crypto ETPs, and integrated banking in a single account.

Pros

Stocks and ETFs from 0.19% with EUR 2.95 minimum
800+ ETFs available with zero commission
No inactivity, deposit, domestic withdrawal or custody fees
Access to 26 global markets and 20,000+ instruments
Integrated banking with multi-currency account
Bank-grade security with ECB direct supervision
Investor compensation up to EUR 20,000 and deposit guarantee up to EUR 100,000
Tax administration handled in administered regime for Italian clients

Cons

No demo account available
No fractional shares
Forex and CFD overnight fees are comparatively high
No MetaTrader 4 or MetaTrader 5 support
Primarily serves Italian market; UK operations wound down in 2024
Account monthly fee applies after 12 months (though waivable)
Crypto limited to CFDs and ETPs, not direct ownership

Company background

FinecoBank S.p.A. launched its Fineco Online retail brokerage in 1999, making it one of Italy's earliest online brokers. Formerly a UniCredit subsidiary, it completed an IPO on Borsa Italiana in 2014 and became fully independent in 2019 when UniCredit divested its remaining stake. Since 2021, FinecoBank has been directly supervised by the European Central Bank as a significant institution and is a component of the FTSE MIB index. It is consistently reported as the number one trading platform in Italy by total volume traded, combining a retail bank account and brokerage in a single account across 26 global markets with more than 20,000 instruments.

Fees and pricing

FinecoBank charges 0.19% on stock and ETF orders, with a minimum of EUR 2.95 and a maximum of EUR 19. US market trades range from USD 3.95 to USD 12.95 depending on account type. More than 800 ETFs from BlackRock, Amundi, Xtrackers, and Fineco Asset Management are available at zero commission. Futures cost EUR 0.85 per lot for the first three months (introductory rate), after which standard tiered rates from EUR 0.95 to EUR 6.95 per lot apply depending on monthly volume. Options cost USD 3.95 per contract at standard rates, with volume-based reductions to USD 2.95 and USD 1.95. CFDs carry no commission; costs are spreads plus overnight financing. Forex major pairs start from 0.8 pips with overnight rates at 2.95% plus TOM Next. There is no inactivity, deposit, domestic withdrawal, or custody fee; international SWIFT transfers may incur a fee. The standard account is free for the first 12 months; after that a EUR 3.95 monthly fee applies and can be waived. PowerDesk costs EUR 19.95 per month, also waivable with sufficient trading activity.

Regulation and safety

FinecoBank is authorised as a bank by the Bank of Italy and supervised for investment activities by CONSOB. Since 2021 it is also under direct ECB supervision. Client deposits are covered up to EUR 100,000 under the FITD deposit guarantee scheme, and securities in custody are covered up to EUR 20,000 under the Italian investor compensation scheme. FinecoBank does not practice payment for order flow.

Platform experience

FinecoX is a browser-based web platform requiring no download, giving access to all asset classes including equities, ETFs, bonds, CFDs, forex, futures, and options with customisable layouts. PowerDesk is the professional browser-based platform and includes PowerChart technical analysis, watchlists, real-time alerts, and Reuters news feeds. A mobile app is available for iOS and Android. No demo account is offered; users must open a live account to access the platforms. MetaTrader 4 and MetaTrader 5 are not supported.

Pros and cons

FinecoBank's main advantages are its 0.19% equity and ETF commission rate, the zero-commission ETF catalogue of 800+ funds, no inactivity, deposit, domestic withdrawal, or custody fees, broad market access across 26 exchanges, bank-grade deposit and securities protection, and the integrated current account model. The main drawbacks are the absence of a demo account, no fractional shares, no MetaTrader support, high CFD overnight financing costs, crypto limited to CFDs and ETPs, and an account fee after the first year. The platform primarily serves Italian residents following the 2024 UK wind-down.

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Trading fees & commissions

Stock and ETF trades cost 0.19% of order value (minimum EUR 2.95); over 800 ETFs are available with zero commission. There are no inactivity, deposit, domestic withdrawal, or custody fees; the standard Fineco account has no monthly fee for the first 12 months, after which a EUR 3.95 monthly charge applies and can be waived.

Fees

Item	Fee
Cfds	No commission on CFD trades; spread and overnight (multiday) fees apply
Bonds	EUR 2.95 minimum per trade, up to EUR 19 depending on order value
Margin	Variable overnight financing cost on leveraged CFD positions
Account	Free for first 12 months; EUR 3.95/month thereafter (waivable under certain conditions)
Custody	Free
Deposit	Free
Futures	EUR 0.85 per lot introductory rate for the first 3 months; standard tiered rates from EUR 0.95 to EUR 6.95 per lot thereafter depending on monthly volume
Options	USD 3.95 per contract standard; reduced to USD 2.95 (above USD 500/month) or USD 1.95 (above USD 10,000/month) by monthly volume
Powerdesk	EUR 19.95/month for PowerDesk professional platform (waivable with sufficient trading activity)
Inactivity	Free
Withdrawal	Free for domestic bank transfers; fee applies for international SWIFT transfers

Trading platform & features

Platforms

FinecoX
PowerDesk
Web Trading
iOS app
Android app

Regulation and investor protection

FinecoBank S.p.A. is authorised as a bank by the Bank of Italy and supervised for securities activities by CONSOB; it is also directly supervised by the European Central Bank as a significant institution. Client funds held in custody are covered up to EUR 20,000 under the Italian investor compensation scheme, and deposits up to EUR 100,000 under the FITD deposit guarantee scheme.

Broker FAQs

Is FinecoBank safe?

FinecoBank S.p.A. is authorised by the Bank of Italy and supervised by CONSOB and the European Central Bank. Client deposits are covered up to EUR 100,000 under the FITD deposit guarantee scheme, and securities in custody are covered up to EUR 20,000 under the Italian investor compensation scheme.

Is FinecoBank a scam?

No. FinecoBank is a publicly listed Italian bank regulated by the Bank of Italy, CONSOB, and directly supervised by the European Central Bank. It has been operating since 1999 and is listed on Borsa Italiana.

Is FinecoBank regulated and by whom?

Yes. FinecoBank is authorised as a bank by the Bank of Italy and supervised for investment activities by CONSOB. Since 2021 it is also under direct ECB supervision as a significant institution under European Banking Supervision.

Does FinecoBank keep client funds in segregated accounts?

Client securities held in custody are kept separately from FinecoBank's own assets, and are covered up to EUR 20,000 under the Italian investor compensation scheme. Cash deposits are covered up to EUR 100,000 by the FITD deposit guarantee scheme.

What happens to my money if FinecoBank goes bankrupt?

Cash deposits are protected up to EUR 100,000 per account under the FITD deposit guarantee scheme. Securities held in custody are covered up to EUR 20,000 under the Italian investor compensation scheme.

What products does FinecoBank offer?

FinecoBank offers stocks, ETFs, bonds, funds, CFDs, forex, futures, options, crypto ETPs and certificates across 26 global markets with more than 20,000 instruments. It also provides integrated banking services including current accounts and multi-currency accounts.

Does FinecoBank offer ETFs?

Yes. FinecoBank offers more than 5,500 ETFs. Over 800 ETFs from providers including BlackRock, Amundi, Xtrackers, and Fineco Asset Management are available with zero commission.

Does FinecoBank offer crypto?

FinecoBank offers exposure to Bitcoin and Ethereum through crypto CFDs and exchange-traded products (ETPs) on regulated markets. Direct ownership of cryptocurrency is not available.

Does FinecoBank offer futures and options?

Yes. FinecoBank provides access to futures and options on IDEM and EUREX, as well as CME futures. Futures cost EUR 0.85 per lot for the first three months (introductory rate), with standard tiered rates from EUR 0.95 to EUR 6.95 per lot thereafter. Options cost USD 3.95 per contract at standard rates, with volume-based reductions.

What does FinecoBank charge for stock trades?

Stock trades cost 0.19% of the order value with a minimum of EUR 2.95 and a maximum of EUR 19. US market commissions on the Fineco account range from USD 3.95 to USD 12.95 depending on account type.

What does FinecoBank charge for ETF trades?

Standard ETF trades cost 0.19% with a EUR 2.95 minimum. More than 800 ETFs are available at zero commission. Capital accumulation plan commissions for under-30 clients can also be zero on qualifying ETFs.

Is there a withdrawal fee at FinecoBank?

No fee is charged for domestic bank transfers. International SWIFT transfers may incur a fee to cover operational costs.

Does FinecoBank charge an inactivity fee?

No. FinecoBank does not charge an inactivity fee.

Does FinecoBank have a demo account?

No. FinecoBank does not offer a demo account. Users must open a live account to access the platforms.

Does FinecoBank have a mobile app?

Yes. The Fineco mobile app is available for iOS and Android devices.

Is FinecoBank good for beginners?

FinecoBank provides educational resources, webinars, and a broad product range, but there is no demo account and the platforms can be complex for new users. The absence of fractional shares and the account fee after the first year are additional considerations for beginners.

Is FinecoBank good for long-term investing?

FinecoBank offers stocks, ETFs, bonds, and funds, with zero-commission ETFs and investment plan options. The administered tax regime for Italian clients and the absence of custody and inactivity fees also support a long-term buy-and-hold approach.

Bottom line

Fineco suits users who want an integrated Italian bank and brokerage with broad market access, competitive equity commissions, a large zero-commission ETF catalogue, and no custody or inactivity fees. It may not suit users who require a demo account, fractional shares, MetaTrader support, or direct cryptocurrency ownership.

FinecoBank

Italian investors wanting bank and brokerage combined

Open Account

Your capital is at risk. Other fees apply.