Fineco Bank UK review

Find out what we think of Fineco Bank, how much it costs and what you can invest in with its platform.

Fineco
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fineco Bank (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. We named Fineco as one of the best trading apps for its mobile app, which has more features than any others on the market. Find out some key features of Fineco, how much it costs and some of its pros and cons.

Fineco

Get your first 100 trades commission free with Fineco

Fees apply. Your capital is at risk.

  • Market leading platform
  • No minimum deposit, no conversion fee, no monthly fee
  • Your first 100 trades are free with Fineco, T&Cs apply.
Promoted

What is FinecoBank?

FinecoBank is one of Europe’s largest banks but is pretty new to the UK. It’s been around since 1999 and specialises in brokerage, aiming to allow you to trade contracts for difference (CFDs), futures, stocks, currencies, bonds, exchange-traded funds (ETFs), options and funds.

What accounts are available with Fineco?

There are two available accounts available with Fineco:

  • General investment account. This is the standard investment account. There aren’t any tax benefits to this account. Most people choose this account once they’ve used up their ISA allowance for the year.
  • Stocks and shares ISA. A stocks and shares ISA lets you invest up to an annual allowance without paying any tax on your profits. The tax-free allowance for the 2021/2022 tax year is £20,000.

Fineco trading

Fineco handles more than 200,000 executed orders per day. It prides itself on its advanced trading platform and low prices.
Features include:

  • Flat trading fee
  • Advanced platform with live prices, personalised dashboards and push notifications
  • Mobile trading platform
  • Access world markets in the local currency without paying conversion fees

Shares CFDs

You can trade contracts for difference on shares. These let you go long or short without any commission.

Foreign exchange and indices CFDs and futures on commodities

You can trade contracts for difference on foreign currency and indices. You can also trade futures on commodities, such as cocoa, coffee and sugar.

Options

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

Futures

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 investing

Fineco also allows you to invest in funds, with a platform fee determined by the amount you invest.
Features include:

  • Access funds from premium asset managers worldwide
  • Access pre-packaged funds and choose funds that suit your needs
  • Geographically diversified funds (as in, funds in lots of countries)
  • Choose funds based on your risk level

Regular investment plan

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.

Fees and charges

The fees you are charged depends on what you invest, and sometimes how much money you invest.

Shares

There’s a fixed local currency price for shares.

Share typeCost (per order)
UK shares£2.95
US shares$3.95
Canada TSXCAD$10
European shares€3.95

Bonds

Bonds have a flat fee of £6.95 per order.

Funds

You are charged for funds based on the value that you invest.

Value of fundsAnnual fee (charged monthly)
On the first £250,0000.25%
On the value between £250,000 and £1m0.15%
On the value between £1m and £2m0.05%
On the value over £2mFree

What can I invest in with Fineco?

With Fineco you get access to 26 global markets and can trade in:

Investment typeAvailable with Fineco?
US Stocks
UK Stocks
ETFs
Forex
Funds
Bonds
Options
Futures
CFDs
Commodities

Fineco features

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:

  • Advanced charting. You can change timeframes, view multiple charts, modify orders from the charts, and personalise the charts with over 90 different technical analysis indicators available.
  • Daily news reports. Keep up to date with market trends in major indices.
  • Watchlist. Keep a list of instruments that you’re interested in.
  • Calendar. Keep up to date on the economic calendar.
  • Live notifications. Get push notifications about market changes.

Is Fineco safe?

Fineco Bank authorised by the Bank of Italy and subject to limited regulation by the Financial Conduct Authority (FCA) and Prudential Regulation Authority. Fineco Bank is a member of Italy’s National Interbank Deposit Guarantee Fund and National Guarantee Fund.

Fineco customer reviews

Finder surveyed Fineco customers in December 2020. It’s customers said that it’s got excellent pricing and that it’s a good platform.

Some expressed that they weren’t impressed with the customer care service.

Pros and cons of Fineco

Pros

  • Flat fees on UK, EU and US stocks and shares
  • Great charting tools
  • Has a stocks and shares ISA

Cons

  • Can be quite complex and daunting for beginners
  • There isn’t a demo account available

Our verdict

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.

Compare similar platforms to Fineco

Table: sorted by promoted deals first
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
N/A
£0
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $200.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Compare up to 4 providers

Name Product Minimum deposit Maximum annual fee Price per trade Brand description
InvestEngine stocks and shares ISA
£100
0.25%
£0
Offer - £50 welcome bonus for new customers. Subject to minimum investment. T&Cs apply. Capital at risk.
Moneybox stocks and shares ISA
£1
0.45% and £1 monthly subscription fee (free for first 3 months)
£0
Moneybox offers a smart and simple way to invest. Sign up in minutes and start investing with £1 via their award-winning app. Capital at risk.
interactive investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
N/A
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
AJ Bell Stocks and Shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
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Compare up to 4 providers

Name Product Minimum investment Choose from Fee for a £50,000 pension pot Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
Annual fee: £239.88, fund fees: £50-500
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
Annual fee: £125, includes fund fees
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
9 funds
Annual fee: £250-475, includes fund fees
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
Annual fee: £225 (£200 cap if holding shares), fund fees included
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
Annual fee: £375-455, fund fees included
Moneybox Pension
£1
3 funds
Annual fee: £225, fund fee: £60
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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Compare up to 4 providers

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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