FINECO

According to WikiFX's comprehensive assessment, FINECO exhibits a very high-risk profile. Its overall WikiFX score is 1.17 out of a possible 10, reflecting critical deficiencies across key metrics. The broker operates without any valid forex trading licenses, resulting in a regulatory index score of zero, which indicates no formal financial oversight is in place. While registered in Italy, its unregulated status presents significant inherent risks to client funds.

No, FINECO is not regulated. According to WikiFX data, the entity holds no valid, authoritative forex trading licenses from recognized financial authorities such as the UK's Financial Conduct Authority (FCA), Cyprus's CySEC, or Italy's own CONSOB. Its regulatory status is officially listed as 'No Regulation,' and the corresponding license index on its scorecard is zero.

FINECO offers a tiered account structure with varying minimum deposit requirements. The entry-level Basic account requires a minimum deposit of $50. Other account tiers have significantly higher entry requirements: the Moderate account requires $5,000, the Golden account requires $20,000, and the top-tier Premium account requires a minimum deposit of $60,000.

WikiFX assessment indicates that FINECO's software index is rated at 4.0, which suggests the broker provides trading software. However, specific details on whether this includes MetaTrader 4 (MT4) or MetaTrader 5 (MT5) are not explicitly listed. The account data shows support for Expert Advisors (EAs), which are commonly used on the MetaTrader platforms, but the exact platform name is not confirmed.