Written by StockBrokers.com
Is Fineco Bank better than DEGIRO? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than DEGIRO. 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.
| Overall Rating | Fineco Bank | DEGIRO | |
|---|---|---|---|
| Overall Rating |
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| Commissions & Fees |
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| Offering of Investments |
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| Mobile Trading |
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| Platforms & Tools |
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| Research |
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| Ease of Use |
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| Education |
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| Review | Fineco Bank Review | DEGIRO Review | |
| Winner | check_circle |
| Investments | Fineco Bank | DEGIRO | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | No | No | |
| 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 | No |
| Trading Fees | Fineco Bank | DEGIRO | |
|---|---|---|---|
| Minimum Deposit | £0.0 | £0.0 | |
| Share Trading: 0-9 Deals/ Month | £2.95 | £1.75 + £1 handling fee | |
| Share Trading: 10-19 Deals/ Month | £2.95 | £1.75 + £1 handling fee | |
| Share Trading: 20+ Deals/ Month | £2.95 | £1.75 + £1 handling fee | |
| 5 trades per year (£30k portfolio) | £75 | £13.75 | |
| 12 trades per year (£30k portfolio) | £35.4 | £33 | |
| 36 trades per year (£30k portfolio) | £106.2 | £99 | |
| 120 trades per year (£30k portfolio) | £354 | £330 | |
| 3 fund trades per year (£30k portfolio) | £14.75 | £67.5 | |
| Annual Custody Fee: £0 - £250,000 | 0.25% | 0.20% | |
| Annual Custody Fee: £250K-£500K | 0.15% | 0.20% | |
| Annual Custody Fee: £500,000 - £1m | 0.15% | 0.20% | |
| Annual Custody Fee: £1m and over | 0.05% | 0.20% | |
| Bonds - Corporate - Fee | £6.95 | € 2.00 + €1 handling fee | |
| Bonds - Government (Gilts) - Fee | £6.95 | € 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany) | |
| ETFs - Fee | £2.95 | €2 + 0.03% | |
| Investment Trusts - Fee | N/A | € 2.00 + €1 handling fee | |
| Telephone Dealing Fee | N/A | £8.50 surcharge £1.75 + £1 handling fee |
| Platforms & Tools | Fineco Bank | DEGIRO | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | No | |
| Charting - Indicators / Studies | 22 | 13 | |
| Charting - Drawing Tools | 3 | 9 | |
| Charting - Notes | No | Yes | |
| Charting - Display Corporate Events | Yes | Yes | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes | Yes |
| Research | Fineco Bank | DEGIRO | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | No | No | |
| Research - ETFs | Yes | No | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Fineco Bank | DEGIRO | |
|---|---|---|---|
| Has Education - Share Trading | No | Yes | |
| Has Education - Funds | No | No | |
| Has Education - Retirement | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Fineco Bank | DEGIRO | |
|---|---|---|---|
| Overall Rating |
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| |
| Commissions & Fees |
|
| |
| Offering of Investments |
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| |
| Mobile Trading |
|
| |
| Platforms & Tools |
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| |
| Research |
|
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| Ease of Use |
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| |
| Education |
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| Review | Fineco Bank Review | DEGIRO Review | |
| Winner | check_circle |
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Fineco Bank vs DEGIRO.
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, DEGIRO offers better pricing than Fineco Bank 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 DEGIRO would cost £13.75 per year.
12 trades per year - Fineco Bank would cost £35.4 per year, while DEGIRO would cost £33 per year.
36 trades per year - Fineco Bank would cost £106.2 per year, while DEGIRO would cost £99 per year.
120 trades per year - Fineco Bank would cost £354 per year, while DEGIRO would cost £330 per year.
3 fund trades per year - Fineco Bank would cost £14.75 per year, while DEGIRO would cost £67.5 per year.
Fineco Bank offers investors access to ISA, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate and Bonds - Government (Gilts), while DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) 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.
Our testing concluded that Fineco Bank is better for research than DEGIRO. Fineco Bank offers more research options, including research reports, articles, and analyst ratings.
To compare the trading platforms of both Fineco Bank and DEGIRO, 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
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