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Fineco Bank vs CMC Invest 2023

StockBrokers.com

Written by StockBrokers.com

April 19, 2023

Is Fineco Bank better than CMC Invest? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Fineco Bank is better than CMC Invest. 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.

Select Brokers

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  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCMC Invest
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212

Compare

0 of 5
Overall Rating Fineco Bank CMC Invest
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 2.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 3.5/5 Stars 0.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Ease of Use 3.5/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Fineco Bank Review CMC Invest Review
Winner check_circle
Investments Fineco Bank CMC Invest
ISA info Yes Yes
SIPP info No No
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info No Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Fineco Bank CMC Invest
Minimum Deposit info £0.0 £0.0
Share Trading: 0-9 Deals/ Month info £2.95 0
Share Trading: 10-19 Deals/ Month info £2.95 0
Share Trading: 20+ Deals/ Month info £2.95 0
5 trades per year (£30k portfolio) info £75 £0
12 trades per year (£30k portfolio) info £35.4 £0
36 trades per year (£30k portfolio) info £106.2 £0
120 trades per year (£30k portfolio) info £354 £0
3 fund trades per year (£30k portfolio) info £14.75 £0
Annual Custody Fee: £0 - £250,000 info 0.25% 0 info
Annual Custody Fee: £250K-£500K info 0.15% 0 info
Annual Custody Fee: £500,000 - £1m info 0.15% 0 info
Annual Custody Fee: £1m and over info 0.05% 0 info
Bonds - Corporate - Fee info £6.95 N/A
Bonds - Government (Gilts) - Fee info £6.95 N/A
ETFs - Fee info £2.95 0
Investment Trusts - Fee info N/A 0
Telephone Dealing Fee info N/A 50
Platforms & Tools Fineco Bank CMC Invest
Web Platform info Yes No
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 22 0
Charting - Drawing Tools info 3 0
Charting - Notes info No No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Fineco Bank CMC Invest
Research - Shares info Yes No
Research - CFDs info No No
Research - Funds info Yes No
Fund Research - Research Reports info No No
Research - ETFs info Yes No
Research - Bonds info Yes No
Portfolio Allocation Breakdown info Yes No
Education Fineco Bank CMC Invest
Education (Share Trading) info No Yes
Education (Funds) info No No
Education (Retirement) info No No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary Fineco Bank CMC Invest
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 2.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 3.5/5 Stars 0.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Ease of Use 3.5/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Fineco Bank Review CMC Invest Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2022 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare Fineco Bank and CMC Invest.

Fineco Bank vs CMC Invest Comparison

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

Is Fineco Bank a good broker?

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.

Is CMC Invest a good broker?

CMC Invest offers commission-free trading of U.K.-listed shares and U.S. equities via a mobile app only. Though a newer entrant to the U.K. share dealing market and currently somewhat limited, it’s powered by global contender CMC Markets, making it likely that its offerings will expand.

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 CMC Invest 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 CMC Invest would cost £0 per year.

12 trades per year - Fineco Bank would cost £35.4 per year, while CMC Invest would cost £0 per year.

36 trades per year - Fineco Bank would cost £106.2 per year, while CMC Invest would cost £0 per year.

120 trades per year - Fineco Bank would cost £354 per year, while CMC Invest would cost £0 per year.

3 fund trades per year - Fineco Bank would cost £0.0 per year, while CMC Invest would cost £0.0 per year.

How do Fineco Bank and CMC Invest compare in terms of minimum deposits required?

Fineco Bank requires a minimum deposit of £0.0, while CMC Invest requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Fineco Bank charges annual custody fees of 0.25%, while CMC Invest charges annual custody fees of 0.

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 CMC Invest offers investors access to ISA, Share Trading, Funds, ETFs and Investment Trusts. Neither have SIPP, Spread Betting, Crypto Trading and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Fineco Bank and CMC Invest offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Fineco Bank and CMC Invest offer ISA accounts. Neither have SIPP.

Do Fineco Bank and CMC Invest offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Fineco Bank and CMC Invest offer crypto investing.

Which broker offers better research?

Our testing concluded that Fineco Bank is better for research than CMC Invest. 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 CMC Invest, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that Fineco Bank offers a better share dealing platform and Fineco Bank offers a better stock app for mobile trading.

Do Fineco Bank and CMC Invest offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Fineco Bank offers traders access to Client Webinars and Client Webinars (Archived), while CMC Invest offers access to Education (Share Trading). Neither have Education (Funds) and Education (Retirement).

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2022


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