FinecoBank Review

Minimum Deposit: $1 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Finecobank is a bank that also provides trading and asset management services in 20,000+ trading instruments with a proprietary PowerDesk platform. The broker offers tight spreads and commission-free trading. There is no minimum deposit requirement, deposit or withdrawal fee, and an inactivity fee. Wire transfer is the only funding option supported by FinecoBank.

FinecoBank is an online trading broker that offers asset management and banking services. FinecoBank was established in 1999 and currently operates from Milan, Italy. In addition to its long track record, FinceBank is listed on Stoxx Europe 600. Moreover, the company falls under strict regulations from FCA and PRA, with a membership of the National Compensation Fund and the National Interbank Deposit Guarantee Fund. The bank is also regulated by the Bank of Italy and Consob. Fineco Asset Management is a subsidiary of FinecoBank and is regulated by the Central bank of Ireland.

FinecoBank provides access to 26 global markets with an impressive range of over 20,000 trading instruments from various asset classes, including forex, commodities, shares, indices, bonds, options, and funds with tight spreads and minimal commissions. In addition, FinecoBank provides access to markets with its state-of-the-art PowerDesk trading platforms on web browsers and mobile apps.

FinecoBank provides its clients with various useful trading tools that exist in the trading platform. In addition, the broker offers various educational resources, including videos, webinars and market analysis.

7.8Expert Score
FinecoBank Rating

Finecobank is a bank that also provides trading and asset management services in 20,000+ trading instruments with a proprietary PowerDesk platform. The broker offers tight spreads and commission-free trading. There is no minimum deposit requirement, deposit or withdrawal fee, and an inactivity fee. However, wire transfer is the only funding option supported by FinecoBank.

Trading Products
Commissions and Fees
Platforms and Tools
Research and Education
Deposit and Withdrawal

FinecoBank Review

Pros and Cons

FinecoBank is a regulated bank, online broker and asset management firm established in 1999 and has gained a lot of credibilities ever since. Finecobank provides trading with comparatively lower costs than the industry standard. Tight spreads and commission-free trading are available with FinecoBank. The broker provides a huge selection of over 20,000 products in its portfolio, covering various asset classes except for cryptocurrencies. In addition, FinecoBank does not require a minimum deposit which means you can get started with any amount that you feel comfortable with. PowerDesk is a proprietary trading platform provided by FinecoBank, which has an elegant design and lots of useful features. Moreover, there are multiple account base currencies to choose from so you could save on currency conversion fees. The broker offers some excellent tools in stock screeners and various educational resources, including an economic calendar, webinars, video tutorials and training. Lastly, FinecoBank provides customer support during weekdays and working hours.

On the other hand, it’s a bit hard to find the exact information regarding accounts, and the broker only accepts funds via bank transfers. There are not any other deposit methods available which is restrictive when many brokers accept card payment and e-wallets. In addition, FinecoBank does not have a lot of educational resources and trading tools compared to some other brokers such as Swissquote. There are no MetaTrader platforms, AutoChartist and Trading Central. Finecobank does not provide customer support 24/7, and there is a platform usage monthly fee. Moreover, there are high overnight fees, and the broker does not offer swap-free Islamic accounts.

  • Regulated by FCA and PRA
  • Low maintenance fees
  • Great trading platform
  • Rock-solid track record
  • Low stock and ETF fees
  • Commission-free stock trading
  • Fully digital account opening process
  • No minimum deposit
  • No deposit or withdrawal fee
  • Multiple account base currencies
  • Modern design and user-friendly proprietary platform
  • PowerDesk trading platform
  • Mobile trading
  • Trading ideas
  • Fundamental data
  • Stocks screeners
  • 24/5 client support
  • Phone support & live chat
  • Educational resources
  • Videos & webinars
  • Investor protection
  • Banking services
  • Listed on Stoxx Europe 600
  • 20,000+ trading instruments
  • Training courses
  • Liquidity provided by top banks
  • Limited payment methods available
  • Bank transfers only
  • Limited educational resources
  • High overnight fees for CFD
  • Cryptocurrencies not offered for trading or funding
  • Electronic wallets not accepted
  • Limited interactive charting on the platform
  • No 24/7 support
  • Annual platform usage fee
  • No Islamic accounts
  • Demo access is a bit difficult to get
  • Monthly account maintenance fee
  • Limited account options
  • No MetaTrader platforms
  • No dedicated research tools available

FinecoBank Review

Trading Products

FinecoBank has a huge portfolio of market offerings. The broker provides access to 26 global markets with over 20,000 trading instruments from various asset classes, including forex, CFDs, commodities, shares, indices, options, bonds and ETFs. 

Unfortunately, FinecoBank does not provide crypto spot or its derivatives to trade. Neither does it offer or accept crypto funding. If you are looking to trade cryptos then you might want to take a look at our best crypto brokers for some alternative options.

FinecoBank Instruments Summary

FinecoBank Instruments

FinecoBank Review

Commission and Fees

Commission and Spread Fees

FinecoBank offers decent spreads starting from 0.8 pips on EURUSD, 0.4 pips on CFDs index, and 0.2 pips on commodity futures. Meanwhile, FinecoBank offers commission-free stock CFDs trading. These are not the lowest spreads that I have come across for trading forex. You can get spreads from 0.0 pips via IG, who also have a great selection of more than 18,000 financial instruments.

FeeStandard Account
Commission (per standard lot per side)$0
Spreads from0.8 (Forex)
FinecoBank Fees

Deposit and Withdrawal Fees

Fortunately, FinecoBank does not charge any deposit or withdrawal fee.

Inactivity Fees

On the upside, FinecoBank does not charge any fee for inactive accounts.

FinecoBank Review

Platforms and Tools

FinecoBank offers its clients an innovative and sophisticated trading platform created in-house to meet the unique demands of retail and institutional traders. The PowerDesk platform is a robust, quick, and customised work station that is simple to use for traders of all skill levels. In addition, there is a web version of PowerDesk and a mobile trading app.

FinecoBank does not provide any dedicated trading tools. PowerDesk, on the other hand, has a plethora of built-in advanced trading tools that may assist both new and seasoned traders in getting the most out of their trading. An economic calendar, various technical indicators, a stock screener, and other essential trading tools are included in the PowerDesk platform.

On the other hand, FinecoBank lags in providing industry-standard trading tools such as Trading Central and Autochartist. In addition, the broker does not offer copy trading and social trading, which limits the options for traders. If you are a fan of market analysis and want access to some tools to assist you, have a great selection, including both Autochartist and Trading Central.

FinecoBank Platforms
FinecoBank Platforms

PowerDesk Trading Platform

FinecoBank’s online platform serves a wide range of markets. Fineco has made it simple for traders to access everything they need – including forex, CFDs, and money – by putting banking and investing together under one roof. The Fineco online platform provides a wide range of functions, but its functioning reminded me of legacy platforms – and it may require a modern overhaul to improve its usability. The PowerDesk trading platform is available as a web platform that works natively on any contemporary web browser, including Google Chrome, Firefox, Edge, and Safari, making it available at any time and without the need to download any extra software.

With this cutting-edge trading platform, you can access your account and trade the markets from anywhere in the globe, using any internet-connected device. To make trading easier, the platform provides a comprehensive range of critical functions on a single screen. The portal also provides a complete overview of each security, including live quotations, key figures, extensive reports, datasheets, and analyst recommendations. There are also free streaming quotations available for the UK, EU, and US markets, as well as a 5-level order book. It also has a stock screener, which assists you in finding the proper stock to trade by searching with your selected parameters.

PowerDesk Platform
PowerDesk Platform

Some of the platform’s primary features are as follows:

  • Live market quotes
  • Chart trading
  • Real-time news
  • Notifications
  • Multiple order types
  • 90+ technical indicators and drawing tools
  • Historical data
  • Several graph types
  • Economic calendar
  • Create a completely customised workspace by selecting the trading tools that are best suited to your needs
  • Keep track of your multicurrency account
  • With the One-Click Option, you can validate your PIN for the duration of your trading session as soon as you enter the platform, allowing you to maximise your order entry speed
  • Dynamic and automatic ranking of all financial instruments based on country, market, and instrument type, updated in real-time
  • The 10-year global government bond yields are compared in the Spread view. The spread’s value represents the difference in index points between the two bonds
  • You can use the Basket Order to prepare one or more orders, save them to a List, and sort them into three panels based on trading strategies
  • On the same day, the Monitor records all orders on the security that are entered, cancelled, or executed

Mobile Trading App

The broker also offers a mobile trading app version of their trading platform. The software is available for download from the appropriate app stores for many mobile devices, and it has received great ratings from users. With the Fineco App, you may trade any items on the move from anywhere as long as you have an internet connection. The trading app includes mobile streaming quotations and news, live P&L updates, and customised interactive charts.

Mobile Trading App
Mobile Trading App

Stock Screeners

Smart stock screeners use a simple search engine and pre-set criteria to help you locate firms that fit your trading approach across worldwide marketplaces.

Stock Screener
Stock Screener

FinecoBank Platforms Summary

MetaTrader 4 (MT4)x
MetaTrader 5 (MT5)x
Proprietary (PowerDesk)
Social Tradingx
Other x
FinecoBank Platforms

FinecoBank Review

Research and Education

FinecoBank offers a variety of instructional and research tools to its clients to assist them in enhancing their understanding of the financial markets and general trading skills. Video lessons, online trading classes, and weekly live webinars are among the instructional materials that they now offer or plan to offer in the near future.

Their experienced analyst walk traders through market trends and patterns every week to highlight possible trade setups. The analyst exposes developing trade possibilities in each webinar by cutting through the information deluge to provide real-time technical analysis and fundamental insights into the forex markets. You can filter out the most important macroeconomic events from the economic calendar and get in-depth investor and trader training on the Fineco Advanced Platform, including real trades and follow-up.

Video Library

There is a video library that has videos about the following topics:

  • Institutionals
  • ISA
  • Financial products
  • How to trade
  • Trading tips
  • Trading platforms
  • Asset managers
  • Investing tips
  • Webinars on demand


FinecoBank holds live webinars to educate its traders. During these webinars, a couple of professional and experienced traders conduct a session of 1-2 hours where they talk about market conditions, trading strategies, and their experience. There is also a Q&A session at the end of each webinar, where clients of Finecobank can ask questions. It is always good to see a broker that provides one-on-one support to users.

Live Events

FinecoBank conducts live events to provide useful education and training to its clients.


This section is updated several times per day and covers major news that shapes the markets. This can be a good way to keep informed with what is happening around the global markets and also to inspire potential trading opportunities.

FinecoBank Research and Education Summary

Market Analysisx
Trading Centralx
Economic Calendar
FinecoBank Resources

FinecoBank Review

Deposit and Withdrawal

FinecoBank lags in terms of funding methods. The broker only accepts deposits conducted with wire transfers. On the other hand, the bank offers withdrawals via wire transfers and the debit cards provided by the bank itself. Debit cards can be used to withdraw cash from an ATM or use for online banking or shopping. If you are looking to fund your account using card payments and e-wallets, you might want to consider having a look at Trading 212 as they have plenty of funding options.

FinecoBank Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Cardx
Electronic Walletsxx
FinecoBank Funding Options

FinecoBank Review

Regulation and Safety

FinecoBank is a brand name licenced for FinecoBank S.p.A., a company approved by the Bank of Italy and subject to limited regulation by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The Central Bank of Ireland regulates Fineco Asset Management D.A.C, the company’s asset management arm.

In addition, FinecoBank is listed on Stoxx Europe 600. The bank is also regulated by the Bank of Italy and Consob. Fineco Asset Management is a subsidiary of FinecoBank and is regulated by the Central bank of Ireland.

FinecoBank Regulation Summary

ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FinecoBank Regulators

FinecoBank Safety

FinecoBank is a participant in the National Compensation Fund as well as the National Interbank Deposit Guarantee Fund. The bank is a component of the Stoxx Europe 600, a large-cap European company index.

FinecoBank serves clients from Italy and the United Kingdom, as well as merchants from other European Union member countries. The broker also accepts traders from all around the world, as long as the trader’s home country authorises online trading with an international brokerage business. FinecoBank does not accept customers from the United States.

FinecoBank Review

Client Support

FinecoBank provides client support over email, phone and online chat during working hours on weekdays (24/5). I think they could improve by extending support hours to weekend in order to keep up with competitors such as Plus500.

FinecoBank Review


FinecoBank is an all-in-one financial services provider that provides banking, online brokerage, and asset management services. The broker provides you with a powerful web trading platform and mobile app for their online trading services, as well as reasonable spreads and commissions. FinecoBank, on the other hand, has restricted account financing choices, charges platform fees, and does not provide trading using the industry-standard MetaTrader platforms. In addition, FinecoBank does not support crypto trading and funding. If you can see past these limitations, I think they are an excellent broker for anyone looking to trade and invest in a huge selection of financial instruments within a regulated environment.

Everything that you find on is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

FinecoBank Review


When was FinecoBank founded?

FinecoBank was founded back in 1999.

Where is FinecoBank located?

Finecobank is located in Italy.

Is FinecoBank regulated?

FinecoBank is regulated by FCA and PRA.

What trading instruments does FinecoBank offer?

Finecobank offers 20,000+ trading instruments from forex, CFDs, commodities, stocks, indices, ETFs, options and bonds.

What is FinecoBank’s minimum deposit?

FinecoBank does not ask for a minimum deposit to open an account.

What trading platforms does FinecoBank offer?

FinecoBank offers its proprietary PowerDesk platform and mobile trading app.

What is FinecoBank’s commission fee?

FinecoBank’s commission fee starts from zero.

Does FinecoBank charge an inactivity fee?

Fortunately, FinecoBank does not charge any fee for inactive accounts.

What are FinecoBank’s spreads?

FinecoBank offers tight spreads starting from 0.8 pips on FX.

What funding options does FinecoBank offer?

FinecoBank accepts funds via wire transfers only and offers funds via wire transfers and debit cards.

Does FinecoBank offer demo trading?

FinecoBank does not offer demo trading. However, there is a demo you can book for.

Does FinecoBank offer Islamic accounts?

FinecoBank does not have swap-free Islamic accounts.

How do I contact FinecoBank customer support?

You can reach FinecoBank’s customer support 24/5 during working hours via live chat, phone and email.
FinecoBank Review
FinecoBank Review
Minimum Deposit: $1
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