What is Fineco bank?

Fineco offers bank accounts & a trading platform for stocks & shares, CFDs, ETFs, Forex, Futures and More - Available now in the UK. Fineco Bank is an Italian financial institution that offers a variety of services to both retail and professional clients which has now opened it’s doors to people in the UK.

Is Fineco bank covered by FSCS?

In terms of protection, eligible Fineco Bank customers are also covered by the FSCS up to £85,000 per claim. Who owns Fineco Bank? Fineco Bank is a well-established bank in Italy which began life as a subsidiary of Banca Popolare di Brescia before becoming a limited company in 2014.

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.

Is the Fineco bank Isa a good investment?

The Fineco Bank ISA offers access to their wide range of investment options and for the 2022/23 tax year you won’t pay any tax on up to £20,000 of money you deposit into the ISA. The annual platform is at the low rate of 0.25%. Whilst this may not be the cheapest option on the market, it is highly competitive.