Fineco review

Regulated by

Bank of Italy; CONSOB; ECB/European banking supervision

Regulator tier

Tier 1

Register entry

Bank of Italy / CONSOB registers

Client money segregated

Yes, subject to Italian/EU banking and investment-services rules

Held at

FinecoBank itself is a licensed bank

Negative balance protection

Yes for eligible retail CFD clients under EU rules

Compensation scheme

Italian deposit guarantee protection up to €100,000 for eligible bank deposits; investor-protection arrangements apply separately

Audited by

Independent statutory auditor

Not available to

Primarily Italy; services and product availability depend on residency

Check the licence on the regulator's own site, not on a link somebody sent you.

Fineco lists its regulation as Bank of Italy; CONSOB; ECB/European banking supervision.

Legal entity

FinecoBank S.p.A.

Company number

Italian Banking Register No. 3015

Headquarters

Reggio Emilia, Italy

Founded

1999

Publicly listed

Yes, Borsa Italiana: FBK

Parent company

Independent public company

Employees

1,000+

Also trades as

FinecoBank; Fineco

Deposit methods

Bank transfer and Fineco banking-account funding

Withdrawal methods

Bank transfer through Fineco banking infrastructure

Deposit time

Bank-transfer dependent

Withdrawal time

Standard banking transfer times

Minimum withdrawal

No conventional broker-specific minimum

Local payment methods

Italian/EU banking infrastructure

Spread from

1.0 pip

EUR/USD spread

From 1.0 pip

GBP/USD spread

Instrument/market dependent

Commission

$0 on CFD Forex

All-in cost, EUR/USD

From 1.0 pip

Spread type

Variable

Overnight swap

Overnight financing applies to multiday CFD positions

Deposit fee

None for standard account funding

Withdrawal fee

Banking/account conditions apply

Currency conversion

Spread incorporated into applicable FX conversion

An offer that beats the market by a wide margin is the most reliable warning sign there is.

Spreads from 1.0 pip suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Fineco lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, ETFs, Bonds, CFDs, Indices, Commodities, Futures, Options, Certificates, Crypto-linked CFDs

Currency pairs

Multiple

Total instruments

Thousands

Crypto CFDs

Yes, Bitcoin and Ethereum futures-linked CFDs

Maximum leverage

1:30

Execution model

Market maker/principal for CFDs

Execution speed

Not publicly disclosed

Order types

Market, limit, stop and advanced platform-specific orders

Servers

European banking/trading infrastructure

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

Fineco covers forex, shares, etfs, bonds, cfds, indices, commodities, futures, options, certificates, crypto-linked cfds. A wider range matters less than depth in the instruments you actually trade.

Funding options: bank transfer and fineco banking-account funding. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

Fineco Web, Fineco App, PowerDesk

Own platform

Yes

Mobile app

Proprietary

Browser trading

Yes

Automated trading

No MetaTrader EA support

Copy trading

No

Indicators

Advanced technical-analysis indicators and charting

Third-party tools

Market data and professional trading tools integrated into Fineco

API access

Limited/not a conventional retail trading API offering

Fineco offers Fineco Web, Fineco App, PowerDesk. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Minimum deposit

$0

Account types

Fineco Account, Trading Account, Professional Client

Account currencies

EUR, multicurrency supports USD, GBP, CHF

Islamic account

No

Demo account

Limited/no conventional standalone forex demo

Professional account

Yes

Minimum trade size

Instrument-dependent

Time to open

Online application; verification-dependent

Support hours

Business/extended market hours

Contact channels

Phone, online support, secure client area

Languages

Italian primarily

Telephone

N/A

Email

N/A

Live chat response

Online support available

Education

Extensive: webinars, trading education, platform guides, investment education and events

Research

Market news, real-time data, analysis, technical tools and investment research