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Fineco accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are Fineco's accounts with that in mind.
Regulation: Bank of Italy; CONSOB; ECB/European banking supervision. How Fineco is regulated
Facts last checked . Read the full Fineco review.
Accounts
- Minimum deposit
- $0
- Account types
- Fineco Account, Trading Account, Professional Client
- Account currencies
- EUR, multicurrency supports USD, GBP, CHF
- Islamic account
- No
- Demo account
- Limited/no conventional standalone forex demo
- Professional account
- Yes
- Minimum trade size
- Instrument-dependent
- Time to open
- Online application; verification-dependent
What this means
A short account range, which usually means less to get wrong - the pricing you are shown is close to the pricing you get.
Base currencies: EUR, multicurrency supports USD, GBP, CHF. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is Instrument-dependent. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
Questions about Fineco accounts
Which base currencies does Fineco support?
Fineco accounts can be held in EUR, multicurrency supports USD, GBP, CHF. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at Fineco?
The minimum deposit at Fineco is $0. It can differ by account type and by the entity you register with.
What account types does Fineco offer?
Fineco offers 3 account types: Fineco Account, Trading Account, Professional Client.