General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
DEGIRO vs Fineco: A Comparison of Two Brokers
Choosing a broker is a critical decision when it comes to investing in the stock market. Investors must weigh various factors such as security, fees, available markets, and customer service before selecting a broker. This comparison between DEGIRO and Fineco will provide insights into the pros and cons of each broker to help investors make informed decisions.
DEGIRO only holds the BaFin regulation, limiting its availability to the European Union. On the other hand, Fineco is regulated by both the Bank of Italy and FCA, providing greater credibility and safety. Fineco has a higher security rating of 96, while DEGIRO rating is 93.
Neither DEGIRO nor Fineco offers a demo account, which could be a disadvantage for beginner investors who want to practise their trading strategies before investing real money.
DEGIRO has a lower minimum deposit of €0.01 compared to Fineco, which does not have a minimum deposit requirement. Fineco offers more account currency options, which could be beneficial for investors depositing in currencies different from EUR. Both brokers offer various account types for different types of investors.
Neither DEGIRO nor Fineco offers copy-social trading, a feature that allows investors to copy the trading strategies of successful traders.
DEGIRO offers a broad range of stocks, ETFs, futures, and options but does not offer CFDs, making it more suitable for long-term investing. Fineco provides both CFDs and real assets, making it an excellent choice for both short-term and long-term investments. Fineco also offers a more extensive range of markets, including forex, commodities, indices, bonds, stocks, ETFs, options, futures, turbo certificates, and crypto assets.
DEGIRO offers very low commissions of $1 per order and does not charge fees for some ETFs, called Core Selection. Fineco, on the other hand, offers fixed spreads starting from 1 pip on forex, which is above the market average, and commission-based fees starting from €3.95 per trade for Italian stocks, £2.95 per trade for UK stocks, and $3.95 per trade for US stocks.
DEGIRO offers a proprietary platform that is available via web and mobile devices. However, the platform can be challenging to use and may take time to learn how to navigate it. Fineco only offers proprietary platforms, which are available via web and/or mobile.
Both brokers offer quality education materials, including tutorials on stock investing and the stock market. Fineco also provides a video library, educational webinars, FAQs, and live events. DEGIRO has customer care available via email and phone, while Fineco offers customer care via phone, live chat, and email.
In summary, Fineco seems to be the better option for investors who value security, a wider range of markets, and excellent customer service. Fineco provides both CFDs and real assets, making it more versatile than DEGIRO , which only offers real assets. However, for investors looking for very low trading fees and a broader selection of ETFs, Degiro may be a suitable choice. Ultimately, investors should choose a broker that aligns with their investment goals and needs.