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Fineco Bank vs MEXEM : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Fineco Bank

Fineco Bank

VS
MEXEM

MEXEM

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

NA

STP

Years of Existence / Established Year

1999

2018

Customer Base / Number of Accounts

1.4M

Info not available


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Regulation & Security

Regulations (governing bodies)

FCA, PRA Bank of Italy and Consob

Cysec AFM FSMA

Awards Won (count for the last 2 years)

Winner of EMAS Italia 2023 Best in ESG in MF investment and advisor awards 2023 Sustainability leaders 2023

No major awards listed

Security Measures

SIPC & FSCS

ICCL

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

NBP for derivatives not available for professional traders

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

6000+ financial products including ETCs

150 + trading assets Warrant

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

No

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

Yes

Futures

Yes

Yes

Bonds

Yes

Yes

Mutual Funds

Yes

Yes

Fractional Shares

Yes

Yes

Exchange Traded Notes (ETNs)

Yes

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

Yes

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

No

No

cTrader

No

No

Social Trading

No

No

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

PowerDesk Fineco App

Client Portal Desktop TWS Mobile TWS MEXEM Lite Watch TWS MEXEM APIs

Platform Compatibility (Windows, Mac, iOS, Android)

Yes (except iOS)

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Fineco Account Trading Account

Individual Accounts Instituitional Accounts

Demo Account (Yes/No)

No

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

Euro 0

$0

Leverage Available

100:1

NA

Trade Limit (maximum per trade)

CFDs Min 2% to Max 6% for intraday trading Min 7% to Max 100% for multiday trading

Varies for each product

Commission (per account type)

NA

NA

Best Suited For (e.g., beginners, experienced traders)

Beginners & experienced

Experienced only


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Deposit & Withdrawal Options

Deposit Methods

Bank transfer Credit / Debit cards

Bank Transfer

Withdrawal Methods

Bank transfer Credit / Debit cards

Bank Transfer

Other E-Wallets Supported

No

No


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Tools & Educational Resources

Economic Calendar

Yes

No

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Margination Automatic Orders Multicurrency Multiple Filters Remunerated Portfolio Video guides & online webinars

Practical tutorials on using TWS trader workstatioin Video tutorials


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Fees & Commissions

Trading-Related Fees

CFD Stocks - Euro 0 CFD Indices - Euro 0 CFD Commodities -Euro 0 CFD Forex - Euro0 CFD Crypto -Euro 0 Knock out - Euro 0 ETF promotion -Euro 0 Certificates - Euro 0 Euro 3.95 per order on investments

FX - 0.005% Warrents - 0.2% for EUR & HKD. 0.12% for AUD Metals - 0.03% in USD Bonds - 0.15% Mutual Funds - 0.1% (Max Euro 4 and Min Eur 29) Futures & Options - vary for each currency contract Stocks & ETFs - vary for each currency

Spread (typical, fixed, variable)

Variable

NA

Per Lot Fees

Up to Euro 0.85 and $1 per lot

NA

Options Contract Fees

IDEM options - Euro 1.95 EUREX Options - Euro 1.95 CBOE Options - $1.95

0.65% per contract

Futures Contract Fees

Futures IDEM - Euro 1.95 EUREX Futures - Euro 0.95 CME Futures - $1

0.85% per contract

Markup Fees on Spread

$0

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

100:1

NA


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Non-Trading Fees

Dormant Fees

Euro 0

NA

Subscription Fees (for premium features, data feeds)

0.25%

NA

Advisory Fees

$0

$0

Swap Fees (Overnight Financing)

NA

NA

Statement or Document Fee

$0

NA

Account Opening Fee

$0

$0

Account Maintenance Fee

Euro 2.95 per month

$0

Deposit Fee

$0

$0

Currency Conversion Fee

$0

0.05%

Withdrawal Fee

$0

First withdrawal (within 30 days) is free for all methods. Wire/SEPA Euro: £8 /w. Wire USD: $10 /w SEPA GBP: £7 / w


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

No

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the assets type

Monday to Thursday 8:30am to 8pm Friday 8:30 am to 5:30 pm Saturday and Sunday closed


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

Monday to Thursday: 8:30am to 8:00pm. Friday: 8:30am to 5:30pm.

Customer Support Methods (phone, email, live chat)

UK - 08006406667 Abroad - +44 (0) 20 7065 7557 Monday to Friday, from 10:00 am to 6:30 pm.Email: mailto:[email protected]

Leave a message, Live chatCyprus - +357-25030447, mailto:[email protected]

Support Languages

2

10+


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Additional Information

Headquarters Location

Rivoluzione d'Ottobre 16, Reggio Emilia, Italy 42123

Archiepiskopou Kyprianou, 1 Loucaides Building, 3036 Limassol, Cyprus

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
Fineco Bank stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, MEXEM offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.
Fineco Bank uses a digital-first onboarding approach with clear instructions and fast ID verification. MEXEM goes a step further with manual checks and optional account tiers, ideal for serious professionals.
Fineco Bank provides a modern trading experience with its proprietary or platform, ideal for technical traders. MEXEM , on the other hand, offers more research tools and is better suited for data-driven investors.
Fineco Bank strength lies in high-performance trading, while MEXEM provides a more accessible route for everyday investors.