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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

76% of retail investor accounts lose money when trading CFDs with this provider.

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Trade [[data.name]]

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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High: [[ data.high ]]

About

History

Competitors

About

History

Competitors

FinecoBank Banca is an Italian online bank that was founded in 1999 and is specialized in providing banking services via its website and mobile app to individual customers, companies, professionals and institutional investors.

The bank offers a wide range of services such as current accounts, debit cards, credits cards, savings accounts, investments and insurance products. Fineco's services are designed to be simple and user-friendly so that customers can easily manage their finances with minimum effort.

The bank has operations across Italy and claims to have more than 1.5 million customers. It also has offices in some other European countries including the UK, France and Germany. In addition to this, it offers foreign exchange services which allow customers to make payments and transfers in multiple currencies.

Over the past 20 years, the company’s share price has experienced a number of highs and lows as it adjusted to changing market conditions.

The bank’s shares began trading on the Milan Stock Exchange in February 2000 and reached an all-time high of €13.94 in October 2007. The following year, however, the banking sector suffered due to the global financial crisis causing Fineco’s shares to fall significantly before recovering later in 2009.

Since then, the share price had steadily grown until April 2020 when it reached its all-time high of €20.63 due to strong investor confidence in the company's potential for future growth. As of March 2020, FinecoBank Banca share is trading around 15 EUR.

FinecoBank Banca has a number of competitors in the Italian online banking sector. These include, but are not limited to, UniCredit Bank Italia, Intesa Sanpaolo and UBI Banca. Other players in the space include Saxo Bank, Deutsche Bank and Barclays Bank.

Each of these companies offer similar services such as current accounts, debit cards, credits cards and savings accounts as well as additional products such as investments and insurance. They also have different levels of availability across Italy. For example, while some may have branches in all major cities, others may only have branches in certain areas.

The competition in this sector is intense due to the variety of offerings available from each company. As such, FinecoBank Banca must continually strive to maintain its competitive edge by providing customers with the best service possible in order to remain at the top of their game.

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Swap short [[ data.swapShort ]] points
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Spread avg [[ data.stats.avgSpread ]]
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Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset

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No commissions
Just low spreads

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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