1 Professional Customer
2 Market leader since 2004: Source: ASSOSIM - "Annual periodic reports from 2004 to date on the trading data of Assosim associates on markets managed by Borsa Italiana SpA, markets managed by Euro TLX SIM SpA" - Third-party operating data.
Advertising message for promotional purposes. For all the conditions relating to the products and services advertised, reference should be made to information sheets and advertising information forms and to the information documentation required by current legislation, available on this website. All products and services offered are dedicated to Fineco account holders.
A Professional Customer is defined as a customer who possesses the experience, knowledge and competence necessary to make informed decisions about investments and to correctly assess the risks they assume (see Consob Regulation no. 16190 of 29 October 2007, Art. 26 and Annex 3). Art. 37 ("Contracts"), paragraph 3, Art. 38 ("Contracts relating to portfolio management"), Art. 42 ("Appropriateness"), paragraph 4 which refers to Art. 56, paragraph 1 of Del. Reg. 565/2017, Art. 44 ("Combined sales practices"), paragraph 2, Art. 47 ("Obligation to execute orders at the most favourable conditions for the customer"), paragraph 3 and Art. 60 ("Statements to customers"), paragraph 2, of the Consob Regulation on Intermediaries (adopted with Resolution no. 20307/2018) do not apply to professional customers. It is possible to request an upgrade to 3 different types of Professional Customer: 1) Professional Customer for derivative and leveraged instruments, 2) Professional Customer for asset management instruments, 3) Professional Customer in general. A Fineco Professional Customer, aware of the lower level of protection provided, can operate with this qualification only on accounts with a single holder and on joint accounts, only if the other joint holders have a similar classification. It is possible to operate offline on managed assets even if the joint account holders do not have the same qualification only if the user is qualified as a Professional Customer on asset management instruments or on a general basis.
CFD (Contract For Difference): derivative financial instruments tradeable directly with FinecoBank whose value is directly linked to that of the underlying asset (securities, indices, currencies, futures on bonds, futures on volatility indices and futures on commodities) and therefore follows its performance. In particular, CFDs envisage payment of the price differential recorded between the opening and closing of the contract. The opening price and the closing price are determined by the bank by applying, as appropriate, a mark-up or a spread on the price of the underlying asset to the extent specified in the economic conditions governing the service. CFDs are characterised by a significant leverage effect: this means that a relatively small movement in the market prices of the underlying asset will have a proportionately higher impact on the margin which, in the event of an unfavourable movement with respect to the customer's position (underlying price increase for short positions, decrease for long positions) may be entirely lost. Overnight operations involve the application of interest to the extent specified in the economic conditions governing the service. Before trading in CFDs, please carefully read the key information documents (KIDs) available on the website finecobank.com. CFDs are complex instruments with a significant risk of losing money quickly due to the financial leverage. 73.5% of retail investor accounts lose money due to CFD trading with FinecoBank. Assess whether you understand how CFDs work and can afford to take this high risk of losing your money.
The leverages offered are differentiated according to the type of underlying asset and customer classification: up to 28.57 times for retail customers and up to 100 times for professional customers.
Daily Options: derivative financial instruments – with underlying CFDs on indices, commodity futures or on a currency exchange, issued by the Bank – tradeable directly with FinecoBank. A Daily Option gives the buyer the right – but not the obligation – to buy (call) or sell (put) a certain amount of the underlying instrument at a set price ("strike") at the end of the day in which it was bought. In order to acquire this right, the buyer pays a sum ("premium"). If the Customer does not conclude the sale on the same day of purchase, for each Daily Option "in the money" held at the end of the day the right will be automatically exercised. If at the end of the day the Option is "Out of the money" or "At the money", the position will be closed automatically. The purchase price of the Option is determined by the Bank taking into consideration the price of the underlying CFD, the strike price, the maturity and the daily volatility of the underlying asset, applying a Spread case by case set by the Bank and different for each underlying asset. Daily Options are complex instruments and involve a high degree of risk due to the leverage effect. Customer losses cannot exceed the premiums paid. Before trading in Daily Options, please carefully read the key information documents (KIDs) available on the website https://finecobank.com/uk/online/