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FinecoBank Review 2024

Written by
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

May 17, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.11% of retail CFD accounts lose money You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

We found FinecoBank (or simply Fineco) to be an excellent choice for forex and CFD trading, particularly for those valuing a secure and robust trading platform. Our team's analysis suggests that Fineco's offerings and regulatory compliance make it a compelling option for discerning traders. Note that the broker is currently only available to Italian residents online, or EU citizens who visit a physical branch in Italy.

Overall Rating

8.0 / 10

Minimum Deposit


Trust Score info

Highly Trusted

Pros and Cons

thumb_up_off_alt Pros

  • Wide Range of Tradeable Symbols: FinecoBank offers a large variety of tradeable symbols, greatly surpassing the industry average, which provides ample opportunities for diversified trading.
  • Strong Regulatory Oversight: The broker is regulated as a bank and by top financial authorities including ASIC and MiFID, ensuring a high level of trust and security.
  • Proprietary Platform: It provides a unique trading experience through its own proprietary platform.

thumb_down_off_alt Cons

  • Limited Education Resources: FinecoBank does not offer advanced educational videos, which might be a setback for traders looking for deep learning resources.
  • Lack of Popular Trading Platforms: It does not support MetaTrader 4 or MetaTrader 5, which could be a disadvantage for users familiar with these platforms.
  • Average Commissions & Fees: Its commissions and fees are considered average, which might not appeal to cost-sensitive traders.

Ratings Summary

  • Investment Types - 9.0/10
  • Commissions & Fees - 7.0/10
  • Trading platforms - 8.0/10
  • Research - 7.5/10
  • Mobile Apps - 7.5/10
  • Education - 6.5/10
  • Overall - 8.0/10

Can I trust FinecoBank?

Our review confirms that FinecoBank is highly trustworthy, regulated by multiple top-tier authorities, including the ASIC and MiFID. It is also a bank and publicy traded on the Italian stock market (BIT: FTK). rates it as "Highly Trusted" with a trust score of 94, reflecting its robust regulatory framework and dependable operations.

FinecoBank is currently licensed and/or authorised by the following regulatory bodies:

  • Tier-1 Regulators - Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system
  • Tier-2 Regulators - None
  • Tier-3 Regulators - None
  • Tier-4 Regulators - None

Is FinecoBank good for beginners?

While FinecoBank provides beginner education videos, the overall educational offerings are somewhat limited, making it less ideal for those seeking comprehensive beginner-friendly resources.

Feature FinecoBank logoFinecoBank
Education (Forex or CFDs) info No
Client Webinars info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info No
Investor Dictionary (Glossary) info Yes

FinecoBank commissions and fees summary

Considering its commissions and fees, Fineco's services are reasonably priced, though not the cheapest in the market.

Feature FinecoBank logoFinecoBank
Minimum Deposit info $0
Average Spread EUR/USD - Mini info N/A info
Average Spread EUR/USD - Standard info N/A info
All-in Cost EUR/USD - Active info N/A info
Active Trader or VIP Discounts info No

FinecoBank trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

Fineco's proprietary trading platform provides a reliable trading experience. However, it does not offer the widely-used MetaTrader platforms, which might be a drawback for some traders.

Trading platforms offered: Fineco uses its proprietary platform, tailored to its clients' needs.

Trading tools: The broker offers a basic set of trading tools suitable for typical trading activities.

Metatrader: Fineco does not support MetaTrader 4 or MetaTrader 5.

Copy trading: Fineco does not offer copy trading services.

Feature FinecoBank logoFinecoBank
Virtual Trading (Demo) info No
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes
Web Platform info Yes
MetaTrader 4 (MT4) info No
MetaTrader 5 (MT5) info No
DupliTrade info No

FinecoBank trading platform screenshots

Mobile trading apps at FinecoBank

Our analysis indicates that FinecoBank offers competent mobile trading apps, aligning well with the needs of traders who prefer managing their investments on the go.

Feature FinecoBank logoFinecoBank
Android App info Yes
Apple iOS App info Yes
Mobile Economic Calendar info Yes
Mobile Alerts - Basic Fields info Yes
Mobile Charting - Draw Trendlines info No
Mobile Watchlist info No

How do I open an account with FinecoBank?

  1. Visit the FinecoBank website.
  2. Navigate to the trading account registration page.
  3. Complete the online application form with personal and financial details.
  4. Verify identity and Italian residence as per regulatory requirements.
  5. Once approved, fund your account to begin trading.

What can I trade at FinecoBank?

At FinecoBank, traders have access to 54 forex pairs and a significantly high number of 9,770 tradeable symbols, well above the industry average of 3,623.

Feature FinecoBank logoFinecoBank
Tradeable Symbols (Total) info 9770
Forex Pairs (Total) info 54
Social Trading / Copy Trading info No
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info No
Spread Betting info No

FinecoBank research screenshots

Account funding at FinecoBank

FinecoBank supports account funding through bank wires, but does not support other common electronic wallets like PayPal, Neteller, or Skrill. Credit card funding is also unavailable.

Feature FinecoBank logoFinecoBank
Visa/Mastercard (Credit/Debit) info No
Bank Wire (Deposit/Withdraw) info Yes
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info No
Neteller (Deposit/Withdraw) info No

About FinecoBank

FinecoBank (BIT: FTK), established in 1999, has grown to become a noteworthy player in Italy for the financial services industry. It is particularly recognized for its robust trading platform and comprehensive regulatory compliance, assuring a high level of security for its clients' investments.

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At, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for and Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for and He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg
Jeff Anberg

Jeff Anberg is a Staff Editor at and Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.