Fineco Information
Fineco was founded in 2002 and is registered in Italy. It offers a wide range of trading products, including CFDs, ETF, ETC & ETNs, Bonds, Futures, and Options through its own FinecoX platform.
Pros and Cons
Is Fineco Legit?
Fineco is not regulated currently, so traders need to exercise caution when trading.
What Can I Trade on Fineco?
Fineco offers a wide range of tradable products, including CFDs, ETF, ETC & ETNs, Bonds, Futures, and Options.
Account Type
Fineco offers two types of accounts: Trading Account and Fineco Account. The differences between the two accounts are as follows:
Fees
Spread: CFDs are offered with zero commission, with only spread fees applied. Spreads vary by asset; for example, EUR/USD spreads start at 1 pip, and Super SP500 index spreads also start at 1 pip.
Commission: No commission on CFD trading.
Management Commission: Orders executed in the US and European markets are subject to a fixed fee of 9 euros in addition to the transaction commission.
Trading Platform
Fineco supports traders in conducting transactions through its proprietary FinecoX platform.
Deposit and Withdrawal
Fineco's different accounts vary in terms of payment methods and financial services. The following is a comparison of the deposit and withdrawal functions of the two account types:
2023-02-23 10:10
