Fineco<\/a> offers also to advanced traders competitive PIP rates with no commission, a series of advanced tools to help you trade with and a 24 hour customer service.<\/p>\nBut is it the right fit for you, and why should you choose them instead of one of the many brokers present today on the market?<\/p>\n
Who Is Fineco?<\/h2>\n Fineco was founded in 1999<\/strong> as FinecoBank S.p.A. in Milan, Italy. Specialised since its start in online brokerage and online retail trading, Fineco became a listed company in 2014 and is a constituent of FTSE MIB, the Borsa Italiana<\/em> blue chip index.<\/p>\nAs of today, their main customers are in the United Kingdom and Italy.<\/p>\n
Fineco: Compliance & Regulation<\/h2>\n While searching for a broker you must limit your research to regulated brokers only<\/strong>, and FinecoBank is one of them. Otherwise, you will be extremely exposed to scams on any sorts, pyramid schemes or even legal problems.<\/p>\nAs of today, Fineco is regulated by:<\/p>\n
\nThe Italian Companies and Exchange Commission (CONSOB)<\/strong>: it is the government authority of Italy responsible for watching upon and regulating the Italian securities market, including the Italian Stock Exchange (Borsa Italiana<\/em>)<\/li>\nThe Financial Conduct Authority (FCA)<\/strong>: it is a financial regulatory body present in the United Kingdom, but it operates independently from the British Government.<\/li>\n<\/ul>\nAdditionally, the Fondo Interbancario di Tutela dei Depositi<\/em> (FITD), an Italian deposit guarantee fund founded in 1987, insures specific Fineco accounts up to a predetermined amount of money.<\/p>\nFineco Main Features<\/h2>\n Once you open a trading account with Fineco you can trade with three trading platforms: desktop, web and mobile.<\/p>\n
PowerDesk<\/strong> is a professional, pluri-awarded, fast and totally customisable desktop trading platform with thousands of investments, including:<\/p>\n\n26 global markets<\/li>\n CFDs with underlying Stocks, Shares, Commodities and Indices<\/li>\n 7,000+ bonds<\/li>\n 50+ currencies<\/li>\n<\/ul>\nThanks to its powerful trading tools, you will also be able to use leverage while performing margin trading on more than 1,000 securities. To enhance and protect your positions you will also be able to use \u201cStop Loss\u201d and other forms of conditional orders.<\/p>\n
Regarding their customers, Fineco offers a one-stop solution <\/strong>to manage a multi-currency account able to hold liquidity in more than twenty currencies while consuming a variety of brokerage products (like the ones mentioned earlier).<\/p>\nFurthermore, if you are a UK based trader you can open an Individual Savings Account (ISA) with Fineco<\/strong> in order to trade stocks and shares in the most profitable way. In fact, FinecoBank will enhance your ISA with fund managers delegated to help you meet your financial goals. In order to do that, you will have to do a minimum deposit of \u00a3100 and cover an 0.25% annual platform fee.<\/p>\nLikewise, it is important to stress the fact that FinecoBank has a straightforward and transparent attitude regarding its pricing<\/strong>. All prices of their financial products are available on the firm\u2019s website and they are available to everyone to be checked, not only to their customers.<\/p>\nAmong the most convenient pricing we remember:<\/p>\n
\nAccount monthly fee<\/strong>: no minimum deposit needed (free<\/strong>)<\/li>\nUK Shares<\/strong>: tradable with a fixed commission of \u00a395<\/li>\nUS Shares<\/strong>: tradable with a fixed commission of $95<\/li>\nShares CFDs<\/strong>: tradable with a fixed commission of \u00a300 (free<\/strong>)<\/li>\n<\/ul>\nFinally, the only cons we discovered about their services are related to their limited educational tools, which may be a problem if you are a new trader, and the fact that Fineco accepts bank wire transfer only.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fineco is one of the best European brokerage services and its web trading platform, PowerDesk, is by far the most popular trading platform in Italy. As of today, their fame reached the United Kingdom and it became a very popular choice among British traders. With more than 26 global markets, 20+ thousands financial instruments to trade worldwide and millions of trades each year, there are many traders\u2019 wannabe interested to open an account with them. Moreover, Fineco offers also to advanced traders competitive PIP rates with no commission, a series of advanced tools to help you trade with and a […]<\/p>\n","protected":false},"author":1,"featured_media":2660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n
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