Fineco Bank vs eToro Comparison
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Fineco Bank vs eToro.
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 IG 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 eToro would cost £154 per year.
12 trades per year - Fineco Bank would cost £35.4 per year, while eToro would cost £154 per year.
36 trades per year - Fineco Bank would cost £106.2 per year, while eToro would cost £154 per year.
120 trades per year - Fineco Bank would cost £354 per year, while eToro would cost £154 per year.
3 fund trades per year - Fineco Bank would cost £14.75 per year, while eToro would cost N/A 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 eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading, neither have SIPP, Investment Trusts, Spread Betting 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 IG is better for research than Fineco Bank. IG 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 eToro, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, IG offers a better share dealing platform and IG offers a better stock app for mobile trading.
Overall winner: IG
Read Next: Best UK Trading Platforms 2022
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