European Security and Markets Authority (ESMA)<\/strong>Customer Support at Fineco Bank<\/h2>\n Fineco Bank offers customer support via phone from 8am to 9pm Central European Time, Monday to Friday. There\u2019s a dedicated number for calling within the UK as well as an international number for all other account holders.<\/p>\n
If you need help opening a new account, the bank also offers support via live chat on its website. There is also a 24\/7 emergency phone number, which you can use to report a lost or stolen debit card.<\/p>\n
For questions about Fineco Bank\u2019s trading platform and tools, the company offers weekly video webinars that are archived on the site. However, documentation of Powerdesk is lacking, your only option for help with the charting software is to dig through the 142-page user manual.<\/p>\n
Getting Started with Fineco Bank<\/h2>\n Fineco Bank makes it easy to open a new account and doesn\u2019t require any minimum balance. However, there are a few steps required during the setup process to verify your identity. Here, we\u2019ll walk you through the steps needed to create a Fineco Bank trading account.<\/p>\n
Step 1: Open an Account<\/h3>\n To open a brokerage account with Fineco Bank, simply navigate to the brokerage website and click \u2018Open an Account\u2019. You\u2019ll then be prompted to enter your personal information, including your name, address, birth date, and contact information. You\u2019ll also be asked about why you are opening an account so that Fineco Bank can better tailor the platform to meet your needs.<\/p>\n
Note that while Fineco Bank makes it simple to open an account online, you also have the option to create your new account by phone or in person at a Fineco Bank branch.<\/p>\n
Step 2: Upload Verification Documents<\/h3>\n The financial regulators that govern Fineco Bank require that you verify your identity when creating a new account. To do this, you\u2019ll need to upload a proof of identity in the form of a passport, driver\u2019s licence, or national ID card. Second, you\u2019ll need to upload a tax document or another financial statement from within the past three months in order to verify your listed address.<\/p>\n
Step 3: Fund Your Account<\/h3>\n Fineco Bank doesn\u2019t require any minimum deposit, so you don\u2019t necessarily need to fund your account right away. That said, you will need to make a deposit before you can start trading.<\/p>\n
The easiest way to do this is to transfer money electronically from another bank account to your Fineco Bank brokerage account. Alternatively, you can wait for the debit card to arrive at your home and then deposit money using any Fineco Bank or UniCredit ATM. Fineco Bank also accepts wire transfers.<\/p>\n
Once your account is funded, you\u2019re ready to start trading!<\/p>\n
Conclusion<\/h2>\n Italy-based Fineco Bank is one of the most popular brokers in Europe, in large part because it brings together banking and trading in a way that\u2019s largely seamless. The ability to use a debit card to make ATM deposits and withdrawals from your brokerage account is very unique and makes it easier to actively manage your account balance. The lack of platform fees at Fineco Bank is also a major draw.<\/p>\n
While Fineco Bank hasn\u2019t gone completely commission-free yet like some other online brokers, the fees it charges are largely competitive. The bigger issue that traders may face with this platform is its margin requirements for leveraged trading. Fineco Bank is very conservative in this respect, which can make it more difficult for traders with small balances to establish large or diverse portfolios.<\/p>\n
Still, this caution may appeal to some traders. The brokerage is extremely trustworthy since it\u2019s also a major retail and commercial bank. Fineco Bank is regulated by several highly respected agencies, including the central bank of Italy, the FCA, and ESMA.<\/p>\n
The lack of leverage is also less concerning when you consider the variety of assets for which Fineco Bank enables trading. Few competitors allow ETF, fund, and bond trading to the same degree. For many traders, access to these investments may push Fineco Bank over the top.<\/p>\n
FAQs<\/h2>\n <\/time><\/time>