What is Fineco bank?

FinecoBank S.p.A., known as FinecoBank or just Fineco is an Italian bank that specializes in online brokerage. Launched in 1999 with its Fineco Online service for retail traders, Fineco became a listed company in 2014 and has been independent from UniCredit banking group since 2019.

Is Fineco a scam?

No, Fineco is a not a scam it is a reliable brker with Banking license and low risk Forex trading. Is Fineco bank legit? FinecoBank S.p.A. is a part of the UniCredit Banking Group enrolled in the Register of Banking Groups, with headquarters in Milan, Italy.

What happened to FinecoBank?

As UniCredit owned 18% shares of FinecoBank after the transaction, FinecoBank is no longer an associate company of UniCredit. In 2020, Fineco decided to spend 7 million euros on a marketing campaign to grow its services in UK, whose launch was authorised earlier in the same year.

What are the spreads at Fineco bank?

First and foremost, spreads are very reasonable at Fineco Bank. If you are looking to trade currencies, major pairs like EUR/USD start at just 0.8 pips. Although there are certainly tighter spreads out there in the forex arena, it is important to note that you will not need to pay any trading commissions.