In September 2023, Fineco announced that it was closing down its operations in the UK. If you’re looking for alternative trading apps, check out our guide to the UK’s best trading platforms.
Best for: Mobile app
FinecoBank (often shortened to just “Fineco”) is a popular choice for those that want to be exposed to global markets. It has a pretty detailed platform and lets you trade more than 75,000 financial instruments worldwide across 26 global markets. Find out some key features of Fineco, how much it costs and some of its pros and cons.
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 minimum investment of £100 and a platform fee determined by the amount you invest.
Features include:
Fineco has 3 regular investment plans that lets you invest £50 per month or more into funds. It works automatically and has flat fees, the 3 options are:
These plans let 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. You also get lower ETF fees the more funds you buy (if you’re on higher regular investment tiers).
The plans suit frequent fund investors who don’t want to choose individual stocks and shares and want to invest regularly.
The fees you’re charged depend on what you invest in, and 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.
Through a Fineco investment account or an investment ISA you can get access to the following:
| 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.
Customers who took part in Finder’s 2023 customer satisfaction survey were fairly positive about Fineco, with many highlighting its “reliable” customer service and competitive rates.
One customer said: “Fineco offer low fees and no commission on trades. Plus they have a good website and app!”
Fidelity scored of 3.5 out of 5 for customer satisfaction. 79% of customers would recommend the brand to a friend.
There were mixed reviews of the customer service.
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
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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