Fineco Investments has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After seeing ads for Fineco Investments online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
The so-called education at Fineco Investments is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since early this year thinking they would help me learn.
Pros: Personal attention|Good analytical tools|Fast deposits|Detailed reporting
Cons: No phone support on weekends|Website design could be more modern
I was contacted by Fineco Investments through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I wanted to transfer my portfolio from another broker to Fineco Investments. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Demo account available|Intuitive for beginners|Dividend tracking
Cons: Slow to add new assets
The only good thing about Fineco Investments is that they remind you why regulation matters. I found them through word of mouth in my investment club. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Clear documentation|Customizable dashboard
Cons: Limited ETF selection
The mobile app from Fineco Investments is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Transparent fees|Helpful community forum|Instant funding|Educational resources
Cons: Could offer more webinars
My card was charged twice by Fineco Investments on the same day. I had to dispute it with my bank. Fineco Investments then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Fast execution|Responsive team|Great customer service|Multi-device support
Cons: None so far|Wish they had more educational resources
I trusted Fineco Investments with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Tax reports included|Fast execution|Economic calendar|Multi-device support
Cons: Onboarding videos are outdated
I experienced a security concern with my Fineco Investments account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Smooth onboarding|Quick verification|Helpful community forum|Portfolio tracking tools
Cons: Spreads widen during volatile periods|Inactivity fee applies after 12 months