Website: www.finecobank.com
Minimum Deposit: $0
Leverage: Up to 1:30 (retail) | Up to 1:100 (certain instruments)
Trading Platforms: PowerDesk, Stock Screener, Fineco App
Regulation: Bank of Italy, CONSOB, European Central Bank (ECB)
Headquarters: Italy
Founded: 1999

Overview: What Is FinecoBank?

FinecoBank is a leading fintech and multi-asset bank offering a broad spectrum of trading and investment solutions. Established in 1999 and headquartered in Italy, FinecoBank combines traditional banking services with cutting-edge trading technology. It operates under a European banking license and is authorized by the ECB, CONSOB, and the Bank of Italy. With its robust regulation and transparent business model, FinecoBank is highly trusted across Europe.

Pros and Cons

Pros:

• Regulated by top-tier European authorities
• Bank-level financial protection and transparency
• Vast range of tradable instruments including stocks, forex, ETFs, and crypto CFDs
• Competitive commission and spread structure
• No minimum deposit required
• Strong educational offerings and market tools

Cons:

• No MT4 or MT5 platform support
• Limited support for non-European residents
• Monthly platform fee for PowerDesk (if trading volume is low)

Is FinecoBank Safe?

Absolutely. FinecoBank is one of the few brokers that also holds a full European banking license, ensuring a high degree of client fund protection. It adheres to EU MiFID II standards and is supervised by CONSOB and the ECB. Clients’ deposits are covered by the Esisuisse protection scheme up to CHF 100,000, providing an additional layer of safety.

FinecoBank Review Summary

• Regulation: ECB, CONSOB, Bank of Italy
• Minimum Deposit: $0
• Spread (EUR/USD): Starting at 0.8 pips (UK) or ~1 pip (EU)
• Account Base Currencies: USD, EUR, GBP, and others
• Demo Account: Yes
• Instruments: Forex, CFDs, Stocks, ETFs, Options, Cryptos, Bonds, Futures
• Leverage: 1:30 (retail), up to 1:100 (commodities)
• Customer Support: 24/5 Live Chat, Phone, Email
• Platforms: PowerDesk, Stock Screener, Fineco App

Margin and Account Types

Retail traders get access to leverage up to 1:30. Commodities can reach up to 1:100. Professional traders with sufficient experience may apply for higher limits.

FinecoBank offers a single multi-currency account that combines banking, investing, and trading. High-net-worth clients with portfolios over 500,000 EUR receive “Private” status with tailored services.

Trading Instruments and Products

FinecoBank provides access to over 10,000 financial instruments:

• Forex & Forex CFDs
• Stocks & ETFs from global exchanges
• Indices & Futures
• Cryptocurrencies (via CFDs)
• Bonds & Options

Rating for asset diversity: 9.2/10

Fees and Commissions

• Stock commission: From $2.95 (volume-based)
• Options/Futures: €1.95 per batch
• CFDs: Commission-free with only spreads
• UK shares: £0 commission (only market spread)

Rating: 8.5/10 for overall cost efficiency

Deposit & Withdrawal Options

• No deposit fees
• Free withdrawals via Smart Withdrawal (Fineco ATMs)
• Cardless withdrawal via mobile app
• Supported methods: UniCredit ATMs, Apple/Google Pay, Fitbit/Garmin Pay

Rating: 4.3/5 for ease and convenience

Trading Platforms

PowerDesk: Custom-built trading software for desktop users, packed with advanced charting tools, real-time analytics, and fast execution.

Stock Screener: Helps users identify promising equities through filters and data tools.

Fineco App: Mobile platform for trading and account management on the go.

Platform Rating: 4.3/5

Customer Support

FinecoBank has over 2,600 personal financial advisors and a large support team operating 24/5 via live chat, email, and phone.

Rating: 4.4/5

Education

The bank offers webinars, live seminars, video libraries, and in-depth analysis tools, helping traders and investors sharpen their skills.

Education Rating: 4.4/5

Conclusion

FinecoBank is a premier European broker and bank hybrid, ideal for both retail and advanced traders. It offers top-tier protection, strong trading technology, and competitive pricing without compromising on reliability. While it lacks MT4 support, its own platforms make up for it with functionality and innovation.

Recommended For:

• Experienced traders and investors
• European-based clients
• Forex and stock traders
• Users seeking integrated banking + trading
• Traders needing low-commission structures with tight spreads