CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.02% of retail investor accounts lose money due to CFD trading with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FINECOBANK EXITS UK MARKET. Due to regulatory changes following Brexit, FinecoBank will close its UK business. Starting September 19, 2023 we will no longer open new accounts in the UK, while existing customer accounts will remain fully functional. For more information, please read the Press Release and the Q&A.
Advanced trading platforms for desktop and mobile.
Competitive fees, low spreads, no hidden charges.
Over 45 mln trading orders processed in 2021.
Brokerage, banking and investment services.
We are globally awarded as one the World's Best Banks by Forbes, Best Broker and Live Trading Event, proud to be included in the Euronext Tech Leaders with high growth rate.
Introducing premium trading without premium prices.
In a nutshell: economies of scale. Proprietary technologies and several million orders processed yearly help dilute costs and reduce trading fees.
Access free webinars and short online courses hosted by professionals to build and develop trading knowledge and strategies.
Discover moreConvert your GBP to foreign currencies and trade without paying conversion fees on every order.
Fineco CFD prices are identical to those on the exchanges. (Overnight position charges apply based on value and duration. 0,06% markup per side on FTSE250 share CFDs). Some brokers do not charge commissions, but they might include dealing charges as a mark-up on the price.
Boost your opportunities with Fineco's open funds platform and ISA.
Manage all your finance online with a single UK current account and our handy combination of brokerage, banking and investment services.
This advertising message is for promotional purposes only. To view all the terms and conditions for the advertised services, please refer to the fact sheets and documentation required under current regulations. All services require the client to open a Fineco current account. All products and services offered are dedicated to Fineco account.
Derivatives trading is available to clients following the assessment of their knowledge and experience of derivative instruments and the subscription of the Derivative Trading Contract.
Before trading CFDs, or other derivatives instruments please read carefully the Key Information Documents (KIDs) available on the website finecobank.co.uk
Fineco ISA platform fee is annually maximum of 0.25% of the value of investments in the ISA account, with a £ 2.95/month cap for Shares, ETFs and Bonds. The amount paid annually is the sum of the amounts calculated monthly (for 12 months). The monthly fee is calculated based on the value of your portfolio in Funds on the last day of each month. Trading fees are charged for the purchase and sale of Stocks, ETFs and Bonds in the amounts specified in the fact sheets. For funds there are no dealing charges. Please note that apart from Fineco platform fees, investing may incur other charges (e.g. by the fund manager). To read about our account charges download our fact sheets and documentation.
When transferring to Fineco ISA, please note that we only accept GBP instruments, available in our platform, for direct ISA transfer. In case of instruments denominated in different currencies, please consider to transferring them in cash.
You can take your money out of an Individual Savings Account (ISA) at any time without losing any tax benefits. The ISA allowance for the current tax year is £20,000. Annual allowances are subject to revision and the government’s favourable treatment of ISAs may change. 'Tax-free' indicates that interest is exempt from UK income tax provided that all ISA conditions are met. The tax level and basis can change and the value of tax relief depends on your personal circumstances.
For more information please read our Isa T&Cs.
US and EU Shares and ETFs: Costs are displayed in GBP but are changed to the multicurrency subaccount in the same currency.
Different costs are applied to OTC transactions placed through customer care.
For US OTC Shares and ETFs different commissions could be applied.
For EU Shares, in case of Euronext, a fixed fee of 9 euros will be applied.
Funds: The value of the financial instruments will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
Funds platform fees will be calculated and paid monthly. The monthly fee is calculated based on the value of your portfolio in Funds on the last day of each month. To learn about all risks, costs and funds nature, please read the KIIDS and the offer prospectus available on finecobank.com as well as on the website of the company offering the UCITS units/shares before proceeding. Past performance is not indicative of future returns. The performance of funds and benchmarks, where present, is gross of tax.
Amount of trading commissions accrued in a month: Up to £499: UK shares and ETFs, Bonds (MOT/EuroMOT - EuroTLX e HI-MTF, Euronext), Fixed fee: £6.95; Europe shares and ETFs (EquiductGermany, Xetra, Equiduct France, Netherlands, Portugal, Euronext, Italy) Fixed fee: €6.95; USA shares and ETFs (Nyse, Amex, Nasdaq) Fixed fee: $6.95. Over £500: UK shares and ETFs, Bonds (MOT/EuroMOT - EuroTLX e HI-MTF, Euronext), Fixed fee: £3.95; Europe shares and ETFs (Equiduct Germany, Xetra, Equiduct France, Netherlands, Portugal, Euronext, Italy) Fixed fee: €3.95; USA and ETFs (Nyse, Amex, Nasdaq) Fixed fee: $3.95. The fees applied on the bond markets are expressed in GBP but charged to the Multicurrency Sub-Account of the settlement currency. For transactions executed on specific markets you may incur additional taxes or fixed fees related to the single market. See the fact sheets for further details.
Replay: ETFs Investment Plan; see the fact sheets for further details.
To learn about all risks, costs and the nature of the funds please read the KIIDS and the offer prospectus available on finecobank.co.uk as well as on the website of the company offering the UCITS units/shares before proceeding. Past performance is not indicative of future returns. Past performance is not indicative of future returns. The performance of funds and benchmarks, where present, is gross of tax. Platform fees are paid monthly.
Bonds: Commission is displayed GBP but is charged to the multicurrency subaccount in the same currency.
Free live quotes and real-time news: specifically US, UK and Italian live quotes and real-time news.
*With Fineco, you can trade FX CFDs from 22:15 on Sundays to 22:00 on Fridays (with the exception of the interval from 22:00 to 22:15).: you can buy and sell currencies with a quick order when the quotes are most favourable, day or night.
Trade without converting currency everytime: Multi-currency is a service that enables other currencies in your bank account, necessary for some online trading services involving financial products in currencies other than the euro. The exchange rate between two currencies is subject to continuous trading in the interbank market.
A spread is applied to the exchange rate (Currency Exchange) to the extent indicated in the fact sheets. Please note that to trade on foreign markets it is necessary to apply online to enable individual markets in your personal area of the Fineco website: Home page › Account Management › Managing Services › Trading and Investments › Multicurrency. Exchange rate and its spread are shown in a table available in the reserved area of Fineco's website. The table is constantly kept updated.
First GBP or EUR Debit Card with no annual fees: No annual fees for the first card for each account holder; £9.95 annual fee for the second card; £2.95 card shipping cost.
Free withdrawals in the UK with GBP debit card and in the Eurozone with EUR debit card: The ATM provider may charge additional withdrawal fees. Fineco will not charge any fees for transactions or withdrawals made in the currency of your card.
With Fineco's EUR Visa Debit Card, your EUR purchases and withdrawals are debited directly from your EUR account, so you have no exchange rate commissions.
A CFD is a financial derivative, that you can buy or sell with FinecoBank as your direct counterparty. Its value is directly related to that of an underlying asset (securities, indices, currencies, futures on bonds, futures on volatility indicators and futures on commodities) and consequently follows the price movement of the underlying asset. In particular, when CFDs trading your profit/loss is given by the difference in value between the opening price and the subsequent closing price of the contract. The opening price and the closing price are determined by the Bank applying, if appropriate, a mark-up or a spread on the underlying price to the extent indicated by the economic conditions at the time. CFDs are characterised by a strong leverage effect. This means that a relatively small price movement in the underlying market will have a proportionally higher impact on the value of your margined position and an unfavourable price movement may result in losses exceeding your initial margin deposit (increasing underlying price for short positions, decreasing for long positions). CFD Positions open for more than one business day (overnight) are subject to a multi-day position fee.
The spreads applied to CFDs may be changed at any time within the contractually agreed limits.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before trading CFDs, please read carefully the Key Information Documents (KIDs) available on the website finecobank.co.uk
SOURCES
1.3 million clients: Internal data, figures as of December 31st, 2020 including Italian and UK customers.
2022 Best broker for Global Trading and Best Live Trading Event: ADVFN International Financial Awards
94% customer service satisfaction rate: Source of data: KANTAR Italia - May 2023
Recognised and awarded for best platform and provider of the year – Source: ADVFN International Financial Awards
FORBES WORLD'S BEST BANK 2022: In the Forbes Oscars of the banking world, we came out on top: Best Italian Bank 2022 - https://www.forbes.com/lists/worlds-best-banks
Where not expressly indicated, sources are taken from internal FinecoBank processing.
A spread is applied to the exchange rate (Currency Exchange) to the extent indicated in the fact sheets. Please note that to trade on foreign markets it is necessary to apply online to enable individual markets in your personal area of the Fineco website: Home page › Account Management › Managing Services › Trading and Investments › Multicurrency.
Exchange rate and its spread are shown in a table available in the reserved area of Fineco's website. The table is constantly kept updated.
Euronext Tech Leaders initiative - euronext.com/en/raise-capital/euronext-tech-leaders
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