This advertising message is for promotional purposes only. To view all the terms and conditions for the advertised services, please refer to the fact sheets and documentation required under current regulations. All services require the client to open a Fineco current account.
1 CFD are excluded from the offer of 100 commission-free trades.
Contracts For Difference (CFD) trading is available to clients following the assessment of their knowledge of derivative instruments and the subscription of the Derivative Trading Contract.
CFDs (Contracts for Differences): a CFD is a financial derivative, which you can buy or sell with FinecoBank as your direct counterparty. Its value is directly related to that of an underlying asset (securities, indices, currencies, futures on bonds, futures on volatility indicators and futures on commodities) and consequently follows the price movement in the underlying asset. In particular, in CFD trading your profit/loss is given by the difference in value between the opening price and the subsequent closing price of the contract. The opening price and the closing price are determined by the Bank applying, if appropriate, a mark-up or a spread on the underlying price to the extent indicated by the economic conditions at the time. CFDs are characterized by a strong leverage effect. This means that a relatively small price movement in the underlying market will have a proportionally higher impact on the value of your margined position and an unfavourable price movement may result in losses exceeding your initial margin deposit (increasing underlying price for short positions, decreasing for long positions). CFD Positions open for more than a working day (overnight) are subject to a multi-day position fee.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78,7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2 No annual fees for the first card for each account holder; £9.95 annual fee for the second card; £2.95 card shipping cost. The ATM provider may charge additional withdrawal fees. Fineco will not charge any fees for transactions or withdrawals made in the currency of your card. With Fineco's EUR Visa Debit Card, your EUR purchases and withdrawals are debited directly on your EUR account, so you have no exchange rate commissions.
4 You only pay the spread.
5 Amount of trading commissions accrued in a month: Up to £499: UK shares and ETFs, Bonds (MOT/EuroMOT - EuroTLX e HI-MTF, Euronext), Fixed fee: £6.95; Europe shares and ETFs (EquiductGermany, Xetra, Equiduct France, Netherlands, Portugal, Euronext, Italy) Fixed fee: €6.95; USA shares and and ETFs (Nyse, Amex, Nasdaq) Fixed fee: $6.95. Over £500: UK shares and ETFs, Bonds (MOT/EuroMOT - EuroTLX e HI-MTF, Euronext), Fixed fee: £3.95; Europe shares and ETFs (Equiduct Germany, Xetra, Equiduct France, Netherlands, Portugal, Euronext, Italy) Fixed fee: €3.95; USA and ETFs (Nyse, Amex, Nasdaq) Fixed fee: $3.95. The fees applied on the bond markets are expressed in GBP but charged on the Multicurrency Sub-Account of the settlement currency. For transactions executed on specific markets, you may incur additional taxes or fixed fees related to the single market. See the fact sheets for further details.
3 No. 1 Bank in Europe for online trading (for Executed orders) / The most used platform in Europe – Source: Main European brokers balance sheets 2016 (Comdirect, ConsorsBank).
* Best Digital Bank in Italy – Source: Global Finance Award, financial magazine – 2016.
* World Finance 100 Award – Source: The international magazine World Finance 100 positioned Fineco amongst the top 100 corporations of 2015, from a selection of 17 banks at a global level.
* The most recommended bank – Source: The Boston consulting Group "What really shapes the Customer Experience" Research 2015
* One of the most solid bank on the market - Source: 22.9% CET1 transitional, FinecoBank Financial results as of December 31, 2016
* 96% satisfied clients. Source: 2017 TNS Infratest research – Italy
Annual report 2016 – CET1:
- FinecoBank: 22.9%
- Barclays plc: 12.4%
- Lloyds Banking Group plc: 13.8%
- HSBC holding: 13.6%
- Standard Chartered Bank: 13.6%