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Fineco Bank vs Barclays 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Fineco Bank better than Barclays? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Barclays. For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.

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Overall RatingFineco BankBarclays
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 4/5 Stars
Research 3.5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars N/A
Education 3.5/5 Stars 4.5/5 Stars
Review Fineco Bank Review
Winner check_circle
InvestmentsFineco BankBarclays
ISA Yes Yes
SIPP No Yes
Share Trading Yes Yes
CFD Trading Yes No
Funds Yes Yes
ETFs Yes Yes
Bonds - Corporate Yes Yes
Bonds - Government (Gilts) Yes Yes
Investment Trusts No Yes
Spread Betting No No
Crypto Trading No No
Advisor Services No Yes
Trading FeesFineco BankBarclays
Minimum Deposit £0.0 £0.0
Share Trading: 0-9 Deals/ Month £2.95 £6
Share Trading: 10-19 Deals/ Month £2.95 £6
Share Trading: 20+ Deals/ Month £2.95 £6
5 trades per year (£30k portfolio) £75 £60
12 trades per year (£30k portfolio) £35.4 £102
36 trades per year (£30k portfolio) £106.2 £246
120 trades per year (£30k portfolio) £354 £750
3 fund trades per year (£30k portfolio) £14.75 £59
Annual Custody Fee: £0 - £250,000 0.25% 0.2% (minimum £48)
Annual Custody Fee: £250K-£500K 0.15% 0.2%
Annual Custody Fee: £500,000 - £1m 0.15% 0.2%
Annual Custody Fee: £1m and over 0.05% 0.2%
Bonds - Corporate - Fee £6.95 £6
Bonds - Government (Gilts) - Fee £6.95 £6
ETFs - Fee £2.95 £6
Investment Trusts - Fee N/A £3
Telephone Dealing Fee N/A £25
Platforms & ToolsFineco BankBarclays
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes Yes
Charting - Indicators / Studies 22 68
Charting - Drawing Tools 3 16
Charting - Notes No Yes
Charting - Display Corporate Events Yes No
Charting - Stock Overlays Yes No
Charting - Index Overlays Yes No
ResearchFineco BankBarclays
Research - Shares Yes Yes
Research - CFDs No No
Research - Funds Yes Yes
Fund Research - Research Reports No Yes
Research - ETFs Yes Yes
Research - Bonds Yes Yes
Portfolio Allocation Breakdown Yes Yes
EducationFineco BankBarclays
Has Education - Share Trading No Yes
Has Education - Funds No Yes
Has Education - Retirement No Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Overall SummaryFineco BankBarclays
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 4/5 Stars
Research 3.5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars N/A
Education 3.5/5 Stars 4.5/5 Stars
Review Fineco Bank Review
Winner check_circle
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  • check_box_outline_blankcheck_boxBarclays
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Fineco Bank vs Barclays Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Fineco Bank vs Barclays.

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Fineco Bank offers better pricing than Barclays for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - Fineco Bank would cost £75 per year, while Barclays would cost £60 per year.

12 trades per year - Fineco Bank would cost £35.4 per year, while Barclays would cost £102 per year.

36 trades per year - Fineco Bank would cost £106.2 per year, while Barclays would cost £246 per year.

120 trades per year - Fineco Bank would cost £354 per year, while Barclays would cost £750 per year.

3 fund trades per year - Fineco Bank would cost £14.75 per year, while Barclays would cost £59 per year.

Which broker offers a wider range of investment options?

Fineco Bank offers investors access to ISA, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate and Bonds - Government (Gilts), while Barclays offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which broker offers better research?

Our testing concluded that Fineco Bank is better for research than Barclays. Fineco Bank offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Fineco Bank and Barclays, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Fineco Bank offers a better share dealing platform and Fineco Bank offers a better stock app for mobile trading.

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2022


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