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Fineco Bank vs DEGIRO 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

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

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  • check_box_outline_blankcheck_boxDEGIRO
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Compare

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Broker Screenshots Fineco Bank DEGIRO
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Overall Rating Fineco Bank DEGIRO
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3.5/5 Stars
Mobile App 4/5 Stars 3.5/5 Stars
Website 3.5/5 Stars 3/5 Stars
Ease of Use 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3/5 Stars
Review Fineco Bank Review DEGIRO Review
Winner check_circle
Investments Fineco Bank DEGIRO
ISA info Yes No
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 Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info No Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Fineco Bank DEGIRO
Minimum Deposit info £0.0 £0.0
Share Trading: 0-9 Deals/ Month info £2.95 £1.75 + £1 handling fee
Share Trading: 10-19 Deals/ Month info £2.95 £1.75 + £1 handling fee
Share Trading: 20+ Deals/ Month info £2.95 £1.75 + £1 handling fee
5 trades per year (£30k portfolio) info £75 £13.75
12 trades per year (£30k portfolio) info £35.4 £33
36 trades per year (£30k portfolio) info £106.2 £99
120 trades per year (£30k portfolio) info £354 £330
3 fund trades per year (£30k portfolio) info £14.75 £67.5
Annual Custody Fee: £0 - £250,000 info 0.25% 0.20%
Annual Custody Fee: £250K-£500K info 0.15% 0.20%
Annual Custody Fee: £500,000 - £1m info 0.15% 0.20%
Annual Custody Fee: £1m and over info 0.05% 0.20%
Bonds - Corporate - Fee info £6.95 € 2.00 + €1 handling fee
Bonds - Government (Gilts) - Fee info £6.95 € 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany)
ETFs - Fee info £2.95 €2 + 0.03%
Investment Trusts - Fee info N/A € 2.00 + €1 handling fee
Telephone Dealing Fee info N/A £8.50 surcharge £1.75 + £1 handling fee
Platforms & Tools Fineco Bank DEGIRO
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 22 13
Charting - Drawing Tools info 3 9
Charting - Notes info No Yes
Charting - Display Corporate Events info Yes Yes
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes Yes
Research Fineco Bank DEGIRO
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes Yes
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 DEGIRO
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 DEGIRO
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3.5/5 Stars
Mobile App 4/5 Stars 3.5/5 Stars
Website 3.5/5 Stars 3/5 Stars
Research [DELETED] N/A N/A
Ease of Use 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3/5 Stars
Review Fineco Bank Review DEGIRO Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2023 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 DEGIRO.

Fineco Bank vs DEGIRO Comparison

For our 2023 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Fineco Bank vs DEGIRO.

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 DEGIRO a good broker?

Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

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 DEGIRO 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 £0.0 per year, while DEGIRO would cost £0.0 per year.

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

Fineco Bank requires a minimum deposit of £0.0, while DEGIRO 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 DEGIRO charges annual custody fees of 0.20%.

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 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.

Do Fineco Bank and DEGIRO 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 Fineco Bank offers traders access to ISA accounts, while DEGIRO offers traders access to neither of these accounts. Neither have SIPP.

Do Fineco Bank and DEGIRO 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 nor DEGIRO offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Fineco Bank is better than the website of DEGIRO. Fineco Bank offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Fineco Bank and DEGIRO, we tested each broker's stock trading app. All features compared, our analysis finds that Fineco Bank offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Fineco Bank and DEGIRO 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 DEGIRO offers access to Education (Share Trading). Neither have Education (Funds) and Education (Retirement).

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2023


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