Fineco
abstrak：Fineco was founded in 2002 and is registered in Italy. It offers a wide range of trading products, including CFDs, ETF, ETC & ETNs, Bonds, Futures, and Options through its own FinecoX platform.
| Fineco Review Summary | |
| Founded | 2002 |
| Registered Country/Region | Italy |
| Regulation | No Regulation |
| Trading Products | CFDs, ETF, ETC & ETNs, Bonds, Futures, Options |
| EUR/USD Spread | From 1 pip |
| Trading Platform | FinecoX |
| Minimum Deposit | / |
| Customer Support | Social Media: Facebook, Twitter, LinkedIn, Instagram, Spotify, Reddit |
| Address: 20131 Milan - P.zza Durante, 11 | |
Fineco Information
Fineco was founded in 2002 and is registered in Italy. It offers a wide range of trading products, including CFDs, ETF, ETC & ETNs, Bonds, Futures, and Options through its own FinecoX platform.
Pros and Cons
| Pros | Cons |
| Various trading products | No regulation |
| No commissions on CFD trading | Limited payment methods |
| No direct contact channel |
Is Fineco Legit?
Fineco is not regulated currently, so traders need to exercise caution when trading.
What Can I Trade on Fineco?
Fineco offers a wide range of tradable products, including CFDs, ETF, ETC & ETNs, Bonds, Futures, and Options.
| Trading Products | Available |
| CFD Stocks | ✔ |
| CFD Indices | ✔ |
| CFD Commodities | ✔ |
| Forex CFDs | ✔ |
| Crypto CFDs | ✔ |
| ETF, ETC & ETN | ✔ |
| Bonds | ✔ |
| Futures | ✔ |
| Options | ✔ |
Account Type
Fineco offers two types of accounts: Trading Account and Fineco Account. The differences between the two accounts are as follows:
| Account Type | Monthly Fee | Commission | Multicurrency Service | Customer Support |
| Trading Account | €0 | 0.19% of the order value (Min. €2.95 - Max. €19) | No | Mail only |
| Fineco Account | €3.95/month | Fixed from €19 to €2.95 per operation or asset (resettable after two months) | Yes | By email and phone |
Fees
Spread: CFDs are offered with zero commission, with only spread fees applied. Spreads vary by asset; for example, EUR/USD spreads start at 1 pip, and Super SP500 index spreads also start at 1 pip.
Commission: No commission on CFD trading.
Management Commission: Orders executed in the US and European markets are subject to a fixed fee of 9 euros in addition to the transaction commission.
Trading Platform
Fineco supports traders in conducting transactions through its proprietary FinecoX platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| FinecoX | ✔ | Desktop, Mobile, Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Fineco's different accounts vary in terms of payment methods and financial services. The following is a comparison of the deposit and withdrawal functions of the two account types:
| Account Type | Payment Card | Bills, Utilities, Checks | Overdrafts, Mortgages, and Loans | Transfers in Italy and Abroad |
| Trading Account | ✗ | ✗ | ✗ | ✓ |
| Fineco Account | ✓ | ✓ | ✓ | ✓ |
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