FinecoBank Review – 5 Things that You Should Know Before Joining

Online trading is a very popular way for beginners and casual traders to participate in the stock market. While the wealthy have been using the global stock markets to make large amounts of money for hundreds of years. However, thanks to technology and the Internet, more and more beginners are starting to get in on the action.

Using online brokerage firms such as FinecoBank, people are now able to set up an account and get started. The account gives members access to many different investment options around the world. FinecoBank is a long-time established bank in Italy and offers online investing services to its members.

5 Things that You Should Know about FinecoBank Before Becoming a Member

  1. FinecoBank is a European-based bank – FinecoBank was founded in Italy in 1999 and provides a wide range of online brokerage services. They have access to global markets which include stocks, mutual funds, and Forex as well. As of now, FinecoBank only allows accounts from people living in Italy and United Kingdom. However, it does give its members access to global markets and other trading options.
  2. They offer multiple trading platforms – FinecoBank offers all of its member’s several ways to use their online trading services. They have a powerful downloadable desktop application called PowerDesk is a powerful trading platform that is Windows and Mac compatible. Its puts all of the tools and data at your fingertips. They have a user-friendly mobile trading app that works with Android and Apple’s iOS. The powerful mobile trading app gives you full access to all of your banking and trading needs and it is fully customizable. They and a user-friendly web-based portal. All give users full account access and access to a powerful dashboard for trading purposes.
  3. Charges fees and commissions – FinecoBank does charge its customers fees and commissions on certain types of transactions and services. Fortunately, they are fairly low and are only on certain types of trades. They don’t charge any fees for withdrawals or deposits and they also don’t charge an inactivity fee. Also, setting up the initial account does not cost you any money to get started and no minimum deposit is required.
  4. Signing up is simple and online – FinecoBank made its signup process very quick and easy for all new members, it is fully digital and online only. Once you are signed up you become a member of FincoBank with full bank account privileges. That means you can handle all transactions through a single account. You must live in Italy or the United Kingdom to open a bank account with the FinecoBank.
  5. Does not allow US-based members – While FinecoBank is a global online trading brokerage firm, they do not currently allow people who reside in the US to set up a trading account. You must provide quite a bit of personal information to establish an account and that includes proof of residence and tax information.

Pros and Cons

Pros for investing with FinecoBank

  • They don’t charge members any fees on withdrawals or deposits
  • Offers multiple user-friendly trading platforms
  • Offers a wide range of trading options including stocks, funds, and Forex

Cons for investing with FinecoBank

  • You can only make deposits to your FinecoBank account using bank transfer
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Freetrade Invest Review – 5 Things that You Should Know Before Joining

Online investing is a relatively new industry and it came about as an investment vehicle for a new generation of investors. These new investors were looking for a way to get involved in the stock market and other forms of investments that the wealthy have been using for many years to grow their wealth.

By taking advantage of the latest technology and the Internet, investment brokers like Freetrade Invest offer its members access to a wide range of investment products such as stocks, funds, and many other products, We put together some valuable information about Freetrade Invest and what they offer.

5 things that You Should Know about Freetrade Invest Before Becoming a Member

  1. Freetrade is a UK-based brokerage firm – Freetrade Invest is a startup brokerage firm located in the UK. It was started to offer online trading to the people in the UK. Making it easier for beginners and casual investors to access investment products from markets throughout the UK and the two primary markets in the US. They have also begun offering other places in Europe access to their services, adding Ireland and the Netherlands recently.
  2. Freetrade Invest is a mobile-only brokerage firm – Freetrade Invest only offers a mobile trading platform for all of its members. The Freetrade App is a powerful trading platform that gives all its members full access to multiple global stock markets. These include the two largest US-based markets, NASDAQ and NYSE (New York Stock Exchange). It puts all of your account information in the palm of your hand and that will make it easier to keep track of your trades.
  3. Offers four different account levels – Since not all investors are the same and have different needs, Freereade developed four different account levels. Each level is designed to offer members premium services that will fill their needs. Whether you choose a free account, Freetrade ISA, Freetrade Plus, or Freetrade SIPP, you can be assured that all of your needs are addressed. Beyond the free account, the three additional account levels will have a monthly charge of £3, £9.99, and £9.99.
  4. No commissions or fees – Freetrade Invest does not charge its members for buying or selling shares through the mobile app. You also do not need to worry about having to pay fees when you are depositing or withdrawing money from your account. However, there is a fee accessed when trading US stocks, known as an FX.
  5. Does not offer any financial advice – Freetrade Invest states that it does not offer its members any type of financial guidance or advice on financial decisions. If you are looking for help with that you are encouraged to seek advice outside of your account.

Pros and Cons

Pros of investing with Freetrade Invest

  • No commissions on most trades, buying or selling
  • Fractional trading is allowed with Freetrade Invest
  • Five different types of accounts available for new members

Cons of investing with Freetrade Invest

  • Cannot use credit cards, bank debit cards, or electronic wallets
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Saxo Bank Review – 5 Things that You Should Know Before Joining

Stocks, securities, mutual funds, and other investments products have been used by wealthy investors for more than 100 years. Today, thanks to modern technology, these global markets, mutual funds, and securities are open to a whole new generation of investors.

The Internet and advanced smartphone technologies make it easier for beginners and casual investors to get started with investing like the big boys. Thanks to online brokerage firms like Saxo Bank, investors can get started with a relatively small amount of money and turn it into a nice pile of cash.

For this article, we came up with some very important information about Saxo Bank that we think you should know before you lay down your hard-earned money. We hope that we gave enough information to make an informed decision.

5 Things that You Should Know About Saxo Bank Before Becoming a Member

  1. Saxo Bank is an investment that specializes in online trading – In 1992, Saxo Bank was founded as a Danish brokerage company, it later became a full-fledged banking institution in 2001. The new company offers its members and customers both banking and investing services. Its headquarters are located in Copenhagen and it also has several subsidiary banks under its umbrella that allows it to be a global provider of investment services.
  2. Accounts are available most everywhere – Saxo Bank has made it easy for new members to get started. Everything is digital and only takes a few minutes to get started. Unfortunately, not all countries are allowed to become a member. They do not allow people residing in the US to open an account. Since they require several forms of verification, you will not be able to sign up if you have a tax id and legal address inside the US.
  3. Saxo Bank offers three powerful trading platforms – To better serve the needs of all of its account holders, Saxo Bank has several powerful trading platforms including, a desktop, mobile app, and web-based portal. Each one gives you a powerful and easy-to-use dashboard. This puts all of your account data at your fingertips, no matter where you are, and have Internet access. Saxo Bank developed its proprietary Saxo TraderGo (web-based portal) and Saxo TraderPor is its desktop trading application.
  4. Saxo Bank gives its members access to a wide range of trading products – Unlike many of the other European-based online brokerage firms that limit what types of investment products they offer. Saxo Bank offers its members full access to most, if not all of the most popular forms of investing. You can choose from any of the following; stocks, ETFs, Forex, funds, bonds, options, futures, CFDs, and cryptocurrencies.
  5. Saxo Bank Rewards Program – Saxo Bank created a proprietary rewards program for its, high-end members. They offer points for certain types and amounts of trades that are made. Depending on how many points you accumulate you can qualify for account upgrades.

Pros and Cons

Pros of using Saxo Bank for investing

  • Setting up an account is very easy, as it is done digitally
  • Developed its powerful research tools
  • The mobile trading app is available for both Apple iOS devices and Android-enabled devices

Cons of using Saxo Bank for investing

  • Does not offer commission-free trading
  • Not open to US residence
  • Does not accept electronic wallets for deposits or withdrawals
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