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Fineco regulation and how it scores
Regulation carries the heaviest weight in the score, which is why it is scored first. Here is Fineco's licensing and the protections behind it.
Facts last checked . Read the full Fineco review.
Regulation and safety
- Regulated by
- Bank of Italy; CONSOB; ECB/European banking supervision
- Regulator tier
- Tier 1
- Register entry
- Bank of Italy / CONSOB registers
- Client money segregated
- Yes, subject to Italian/EU banking and investment-services rules
- Held at
- FinecoBank itself is a licensed bank
- Negative balance protection
- Yes for eligible retail CFD clients under EU rules
- Compensation scheme
- Italian deposit guarantee protection up to €100,000 for eligible bank deposits; investor-protection arrangements apply separately
- Audited by
- Independent statutory auditor
- Not available to
- Primarily Italy; services and product availability depend on residency
What this means
Regulation carries the heaviest weight in the score, which is why it is scored first.
Fineco lists its regulation as Bank of Italy; CONSOB; ECB/European banking supervision.
Client money is held separately from the firm's own money, at FinecoBank itself is a licensed bank. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.
Covered by Italian deposit guarantee protection up to €100,000 for eligible bank deposits; investor-protection arrangements apply separately, which pays eligible clients up to its limit if the firm fails owing client money.
Questions about Fineco regulation
Is Fineco tier-one regulated?
Fineco's strongest licence is recorded as Tier 1.
Who regulates Fineco?
Fineco is regulated by Bank of Italy; CONSOB; ECB/European banking supervision.
Does Fineco offer negative balance protection?
Yes. Fineco offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.