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Fineco

Italy|5-10 years|
Suspicious Regulatory License|Global Business|High potential risk|

https://finecobank.com

Website

Rating Index

Influence

Influence

AAA

Influence index NO.1

Italy 9.75

Surpassed 97.30% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

complaints@finecobank.com
https://finecobank.com
https://www.facebook.com/fineco
https://twitter.com/FinecoLive

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FinecoBank S.p.A.

Company Abbreviation

Fineco

Platform registered country and region

Italy

Company website
Twitter
Facebook
YouTube
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Fineco · Company Summary

General Information & Regulation of Fineco Bank

Fineco Bank was founded in Milan in 1999 and is now headquartered in London, UK, providing online trading services, asset management, and banking services to investors worldwide. Fineco Bank has 1.3 million clients in Italy alone and manages $70 billion in financial assets. No regulatory information is available on the Fineco Bank website.

Safety Analysis of Fineco Bank

Fineco Bank does not display any valid regulatory information on its website, which means that the safety of investors' funds and trading activities on the Fineco Bank platform are not effectively protected. Investors should choose brokers strictly regulated, such as the FCA in the UK and CySEC in Cyprus.

Market Instruments

Fineco Bank offers its clients worldwide a wide range of financial instruments, including Forex, indices, stocks, commodities, bonds, futures, options, and ETFs.

Trading Accounts of Fineco Bank

Fineco Bank offers three main services: banking, asset management, and online trading. The type of account opened may depend on the service to be used. For online trading services, an investor can open a trading account and have access to all the instruments offered by Fineco Bank and allow access to the dealer's advanced trading platform. The accounts on the Fineco Bank platform have no minimum deposit requirements, no market connection costs, and no transaction fees. Depending on the market, investors can use the leverage of 1:20 or higher.

Spreads & Commissions of Fineco Bank

Spreads and commissions on the Fineco Bank platform vary depending on the trading instrument. There are no commissions on stock CFDs. Commissions are as low as $0.7 for Futures, 0.4 pips for Index CFDs, 0.8 pips for Eurodollar, £2.95 for UK stocks and ETFs, €3.95 for US and European stocks and ETFs, and $2.50 for Options.

Trading Platforms Available of Fineco Bank

Fineco Bank offers investors a choice of three trading platforms: the PowerDesk trading platform, the web trading platform, and the mobile app trading platform. The PowerDesk trading platform can be used as a web platform running directly on any modern web browser (e.g., Google Chrome, Firefox, Edge, and Safari) and can be accessed at any time without downloading any additional software. The main features of the PowerDesk platform are real-time prices, intuitive chart trading, automatic order placement, technical analysis, and historical reports.

Deposit and withdrawal

Fineco Bank may charge transaction fees and card maintenance fees.

Pros & Cons of Fineco Bank

The main advantages of Fineco Bank are:

1. Competitive trading conditions and fees

2. Free educational resources

The main disadvantages of Fineco Bank are:

1. Not being regulated

2. Limited account types

3. Non-MT4/MT5 trading platforms

4. High platform fees

5. No cryptocurrency trading

6. Limited deposit & withdrawal options


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广东人
more than one year
Great! I met some problems when opening my account, their customer support staff helped me patiently. A comfortable financial company, really. I would recommend my friends here.
2023-02-23 10:10
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