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Fineco Bank vs eToro 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Fineco Bank better than eToro? After scoring the best share dealing accounts across 46 different variables, IG is better than Fineco Bank. IG stands out as a top U.K. broker, thanks largely to its excellent online trading platform. Strong functionality comes with industry-standard commission rates and fees, a huge variety of trading tools, and user-friendly mobile apps.

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Overall RatingFineco BankeToroIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees5 Stars4 Stars4.5 Stars
Offering of Investments4 Stars3.5 Stars4.5 Stars
Mobile Trading4 Stars3.5 Stars4.5 Stars
Platforms & Tools3.5 Stars3.5 Stars4.5 Stars
Research3.5 Stars3 Stars4 Stars
Ease of Use3.5 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
ReviewFineco Bank RevieweToro ReviewIG Review
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InvestmentsFineco BankeToroIG
ISAYesNoYes
SIPPNoNoYes
Share TradingYesYesYes
CFD TradingYesYesYes
FundsYesNoNo
ETFsYesYesYes
Bonds - CorporateYesNoNo
Bonds - Government (Gilts)YesNoNo
Investment TrustsNoNoYes
Spread BettingNoNoYes
Crypto TradingNoYesNo
Advisor ServicesNoNoNo
Trading FeesFineco BankeToroIG
Minimum Deposit£0.0£10.0£0.0
Share Trading: 0-9 Deals/ Month£2.95£0 (Other Fees Apply)£3 to £8
Share Trading: 10-19 Deals/ Month£2.95£0 (Other Fees Apply)£3
Share Trading: 20+ Deals/ Month£2.95£0 (Other Fees Apply)£3
5 trades per year (£30k portfolio)£75£154£30-£40
12 trades per year (£30k portfolio)£35.4£154£96
36 trades per year (£30k portfolio)£106.2£154£108
120 trades per year (£30k portfolio)£354£154£360
3 fund trades per year (£30k portfolio)£14.75N/A£24
Annual Custody Fee: £0 - £250,0000.25%£0 (Other Fees Apply)£96 (can reduce by trading)
Annual Custody Fee: £250K-£500K0.15%£0 (Other Fees Apply)£96
Annual Custody Fee: £500,000 - £1m0.15%£0 (Other Fees Apply)£96
Annual Custody Fee: £1m and over0.05%£0 (Other Fees Apply)£96
Bonds - Corporate - Fee£6.95N/AN/A
Bonds - Government (Gilts) - Fee£6.95N/AN/A
ETFs - Fee£2.95£0 (Other Fees Apply)£8
Investment Trusts - FeeN/AN/A£8
Telephone Dealing FeeN/AN/A£40-£50
Platforms & ToolsFineco BankeToroIG
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies226633
Charting - Drawing Tools31319
Charting - NotesNoNoYes
Charting - Display Corporate EventsYesNoYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchFineco BankeToroIG
Research - SharesYesYesYes
Research - CFDsNoNoYes
Research - FundsYesNoYes
Fund Research - Research ReportsNoNoNo
Research - ETFsYesYesYes
Research - BondsYesNoNo
Portfolio Allocation BreakdownYesYesNo
EducationFineco BankeToroIG
Has Education - Share TradingNoYesYes
Has Education - FundsNoNoYes
Has Education - RetirementNoNoYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Overall SummaryFineco BankeToroIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees5 Stars4 Stars4.5 Stars
Offering of Investments4 Stars3.5 Stars4.5 Stars
Mobile Trading4 Stars3.5 Stars4.5 Stars
Platforms & Tools3.5 Stars3.5 Stars4.5 Stars
Research3.5 Stars3 Stars4 Stars
Ease of Use3.5 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
ReviewFineco Bank RevieweToro ReviewIG Review
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  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
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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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