FinecoBank Review

FinecoBank Logo

Established in 1999 in Milan, FinecoBank is an Italian bank that offers online trading services, asset management, and banking services to clients across the globe. They offer online trading in multiple asset classes, including forex, indices, stocks, commodities, bonds, futures, options, and ETFs.

The broker offers very competitive trading conditions, no minimum deposit requirement, and no custody or admin fees. They have won several industry awards, including the Best Forex Provider of the Year 2018 and 2020 at the London Forex Show Award 2018.

FinecoBank Review - Brokerage Features
FinecoBank Review – Brokerage Features

FinecoBank Platforms & Tools

Fineco Bank provides their clients with the advanced and sophisticated PowerDesk trading platform that is designed and built in-house to satisfy the special needs of both retail and institutional traders alike.  It is a powerful, fast, and customizable work station that is easy to use for traders of all experience levels.

FinecoBank Review - PowerDesk Trading Platform
FinecoBank Review – PowerDesk Trading Platform

The PowerDesk trading platform is available as a web platform that runs directly on any modern web browser, such as Google Chrome, Firefox, Edge, and Safari, making it accessible at any time without the need to download or install any additional software. Some of the basic features of the PowerDesk platform includes:

  • Live prices
  • Intuitive chart trading
  • Over 6000 real-time news per day
  • Push notifications
  • Automatic orders
  • Personalized dashboards
  • Technical analyses and historical reports
  • Personalized listings
  • Multiple charts
  • Economic Calendar

The broker also provides clients with the Fineco app; it is compatible with Android and iOs devices and can be downloaded from the respective app stores. It features mobile streaming quotes and news, Live P&L updates, and customizable interactive charts. The mobile app allows traders to trade all products on the go from anywhere in the world, provided there is an internet connection.

FinecoBank Review - Mobile Trading App
FinecoBank Review – Mobile Trading App

FinecoBank Research & Education

FinecoBank provides traders with a good number of educational and research materials to help them improve their knowledge of the financial markets and their overall trading skills. The educational resources include video tutorials, online trading courses, and weekly live webinars.

FinecoBank Trading Accounts

Fineco offers banking, asset management, and online trading services respectively. You need a trading account for the online trading service. The trading account charges no minimum deposits, no connectivity costs, no inactivity charges, no portfolio transfer costs, and no conversion fees. The spreads and commissions vary with the instruments being traded. Depending on the market, you can use up to 1:20 or more leverage.

If you are interested in their asset management services, you will have to open an investing account, which requires a €100 minimum deposit. The annual management fees depend on your portfolio size — the larger your portfolio, the less the fees.

FinecoBank Account Funding

FinecoBank offers a limited choice of account funding and withdrawal methods. To fund your trading account, you can do a wire transfer to your FinecoBank account. Visa debit cards are issued for withdrawals. Transaction fees and card maintenance fees may be charged.

FinecoBank Customer Service

The broker provides clients with a knowledgeable customer support team that responds promptly to general, technical, and account-related questions. They are available from Monday to Friday (8:00 am to 9:00 pm CET). They can be reached via email, telephone, and online chat. They are also available on social media handles: Facebook, LinkedIn, and Twitter.

FinecoBank Regulation

FinacoBank is a trademark licensed for use by the FinecoBank S.p.A, which is authorized by the Bank of Italy and subject to limited regulation by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). The asset management arm of the D.A.C is regulated by the Central bank of Ireland.

FinecoBank Review Summary

Overall, FinecoBank is an all-in-one financial servicing firm offering banking services, online brokerage services, and asset management services. They provide clients with an advanced web trading platform and mobile app, offering competitive spreads and commissions. However, they have limited account funding options, and the popular MetaTrader platform is absent.














  • Advanced proprietary trading platform
  • A selection of educational resources
  • Multiple trading instruments across different asset classes