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Fineco Bank Fees, Spreads and Commissions Reviewed ☑️ (Updated 2022)


Fineco Bank Fees Spreads
 

Fineco Bank Fees Spreads and Commission varies according to the account type which the trader is using. Fineco Bank spread list starts from 0.8 pips.

Choose your quick section of our Fineco Bank Fees Spreads and Commission below.

Fineco Bank Fees Spreads and Commission Revealed:

Here is our overview of the Fineco Bank Fees Spreads and Commission as well as the features that are offered, which could effect your trading.

 

Fees and Spreads

Traders with Fineco Bank can expect the following spread list:

Spreads with Fineco Bank begin as low as 0.8 pips on major currency pairs like the EUR/USD.

Commissions are also charged at variable rates depending on the instrument and the volume traded. These include $3.95 for stock trades on US markets, while those trading from Italy will have a price range of between $3.95 and $12.95 depending on the asset and exchange you are trading on.

ETF trading fees have a high point of €19 per trade though this can drop to as low as $2.95 depending on your trading volume.

 

Additional Trading Fees

Fineco Bank charges a holding fee on mutual funds at 0.25% annually. The broker does not charge an inactivity fee on dormant accounts, or deposit fees, although a withdrawal fee of 0.2% is charged on international bank transfers.

Fineco Bank does charge swap fees, also referred to as overnight fees.

A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.

A swap-free account is not available for traders of the Muslim faith, for whom such interest is strictly prohibited by Sharia law.

 

Broker Fees

Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.

As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.

As Fineco Bank is not a spread betting broker, and so spread betting fees will not apply.

 

Pros and Cons

✔️ Pros ❌ Cons
No deposit fees Holding fee on mutual funds
No inactivity fees Withdrawal fee on international bank transfers
No minimum deposit

 

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Frequently Asked Questions

 

 

How many instruments can I trade with Fineco Bank?

 

Fineco Bank offers traders a wide range of asset classes and instruments. This includes over 50 currency pairs, thousands of different stocks from major exchanges across the world, ETFs, bonds, mutual funds, and trading CFDs and other derivatives like futures and options.

 

Does Fineco Bank offer leverage?

 

Yes, expect a maximum leverage of 1:30 in line with ESMA regulations regarding maximum leverage.

 

What spreads can I expect with Fineco Bank?

 

Spreads with Fineco Bank begin as low as 0.8 pips on major currency pairs like the EUR/USD.

 

Does Fineco Bank charge commission?

 

Yes. Commissions are charged at variable rates depending on the instrument and the volume traded. These include $3.95 for stock trades on US markets, while those trading from Italy will have a price range of between $3.95 and $12.95 depending on the asset and exchange you are trading on.

ETF trading fees have a high point of €19 per trade though this can drop to as low as $2.95 depending on your trading volume.

 

Is Fineco Bank regulated?

 

Yes. Fineco Bank is strictly regulated by both the CONSOB of Italy and the Financial Conduct Authority (FCA) of the UK.

 





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