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Fineco Bank vs DEGIRO 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

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.

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Overall RatingFineco BankDEGIRO
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 3.5/5 Stars 3/5 Stars
Research 3.5/5 Stars 2.5/5 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
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InvestmentsFineco BankDEGIRO
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 FeesFineco BankDEGIRO
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 & ToolsFineco BankDEGIRO
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
ResearchFineco BankDEGIRO
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
EducationFineco BankDEGIRO
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 SummaryFineco BankDEGIRO
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 3.5/5 Stars 3/5 Stars
Research 3.5/5 Stars 2.5/5 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
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Fineco Bank vs DEGIRO Comparison

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

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, 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.

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.

Which broker offers better research?

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.

Which trading platform is better?

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

Read Next: Best UK Trading Platforms 2022


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