Does Fineco bank charge currency conversion fees?

Fineco Bank will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 1% mark-up. When it comes to looking at all the non-trading fees Fineco Bank is a cheap broker.

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.

Does Fineco Bank have a mobile trading app?

Fineco Bank's mobile trading app is well-designed and easy to use, and search is a breeze. Like on the web platform, though, alert functions are limited and there's no two-step login. Fineco Bank offers the PowerDesk platform for professional users. The platform is highly customizable, but it's not very user-friendly.

What is the maximum leverage allowed by Fineco bank?

Being a European Bank and broker, Fineco Bank falls under the ESMA regulatory requirements and regulations which recently restricted maximum allowed leverage. Therefore, retails traders may use maximum leverage of 1:30 for Forex instruments, 1:20 for minor currencies and even 1:110 for commodities.