Fees apply. Your capital is at risk.
There are two accounts available with Fineco:
Fineco handles more than 200,000 executed orders per day. It prides itself on its advanced trading platform and low prices.
Features include:
You can trade CFDs on shares. These let you go long or short without any commission.
You can trade CFDs on foreign currency and indices. You can also trade futures on commodities, such as cocoa, coffee and sugar.
You can trade options contracts, which give you the option to buy at a certain price. You can trade the volatility index (VIX) and options on S&P, Dow Jones, NASDAQ and Russell, as well as US stocks.
You can trade futures contracts, which let you speculate on price movements and lock in a price for a future purchase. We have a whole guide on futures contracts if you want to find out how they work.
Fineco also allows you to invest in funds, with a platform fee determined by the amount you invest.
Features include:
Fineco has a regular investment plan that lets you invest £50 per month or more into funds. It works automatically and has a flat fee of £2.95 per month.
This plan lets you take advantage of pound cost averaging, which works with the theory that if you invest regularly then you don’t have to try to time the market.
This plan is suited to investors who don’t want to choose individual stocks and shares and want to invest regularly.
The fees you are charged depends on what you invest and sometimes how much money you invest.
There’s a fixed local currency price for shares.
| Share type | Cost (per order) |
|---|---|
| UK shares | £2.95 |
| US shares | $3.95 |
| Canada TSX | CAD$10 |
| European shares | €3.95 |
Bonds have a flat fee of £6.95 per order.
You are charged for funds based on the value that you invest.
| Investment type | Available with Fineco? |
|---|---|
| US Stocks | |
| UK Stocks | |
| ETFs | |
| Forex | |
| Funds | |
| Bonds | |
| Options | |
| Futures | |
| CFDs | |
| Commodities |
Fineco’s platform is really advanced, which is great if you’re experienced in investing and understand all the charts. If you’re not, it caters for you too, with its free webinars, live events and collection of videos to teach you all about share trading.
Features of the platform include:
FinecoBank is authorised by the Bank of Italy and subject to limited regulation by the Financial Conduct Authority (FCA) and Prudential Regulation Authority. FinecoBank is a member of Italy’s National Interbank Deposit Guarantee Fund and National Guarantee Fund.
Finder surveyed Fineco customers in December 2020. Its customers said that it has excellent pricing and that it’s a good platform.
Some said they weren’t impressed with the customer care service.
Pros
Cons
Fineco is pretty new to the UK, so it’s still relatively unknown, but it’s pretty popular around Europe. Its low-cost share trading is one of its biggest strengths, putting it as one of the cheapest we’ve reviewed.
It doesn’t have the easiest-to-use platform on offer. This is mainly because it’s so advanced, aiming itself towards experienced investors more than beginners. It makes up for this with its learning resources and research tools.
Get started by visiting FinecoBank and opening an account. Still not sure? Compare other share trading platforms with our comparison table.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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