Fineco Bank
Manage your Fineco Bank ETF and fund portfolio in Index Balance. TWRR performance, automatic rebalancing and investment projections. Free.
Fineco Bank is the most popular banking and investment platform among active and index investors in Italy. Listed on the Milan Stock Exchange and regulated by Banca d'Italia and Consob, it manages more than €66.3 billion for over 1.7 million clients (end of 2024), making it one of the most solid and respected financial institutions in the Italian market. Unlike neobrokers, Fineco combines a full current account, card, mortgages and investment services in a single platform. For Italian passive investors, Fineco is particularly attractive for its access to index ETFs with no custody fees, a competitive per-order commission and its advanced PowerDesk analysis platform. The most popular ETFs among its index investors are the iShares Core MSCI World UCITS ETF, the Vanguard FTSE All-World UCITS ETF (VWCE), the Amundi MSCI World UCITS ETF and the iShares Core S&P 500 UCITS ETF. Italy applies a 26% withholding tax on capital gains and interest — a rate specific to Italy — and Fineco automatically handles this tax withholding on behalf of the investor, simplifying the annual tax return. To analyse your Fineco portfolio in Index Balance, enter each ETF with its ISIN and the history of your contributions. Index Balance will calculate your real TWRR return, how your portfolio has evolved versus the MSCI World and the optimal rebalancing plan. Automatic import from Fineco Bank is under development.
Frequently asked questions
Why is Fineco Bank the most popular platform for investing in Italy?
Fineco is the preferred choice for Italian investors due to its unique combination of full banking and investment services on the same platform, no ETF custody fees, automatic tax handling (Fineco directly withholds the Italian 26% tax on capital gains, which is specific to Italy) and the powerful PowerDesk platform for technical analysis and portfolio tracking.
Which index ETFs can I buy on Fineco Bank?
Fineco provides access to all major UCITS ETFs listed on Borsa Italiana and Euronext. The most used by Italian passive investors are: iShares Core MSCI World UCITS ETF (IWDA), Vanguard FTSE All-World (VWCE), Amundi MSCI World, iShares Core S&P 500 (CSPX) and iShares Core MSCI Emerging Markets (EIMI).
How does ETF taxation work in Italy with Fineco?
Italy applies a 26% substitute tax (imposta sostitutiva) on capital gains — a rate specific to the Italian tax system. Fineco acts as a tax substitute (sostituto d'imposta) and automatically withholds and settles the tax on each sale, greatly simplifying the investor's annual tax return.
How can I analyse my Fineco portfolio in Index Balance?
Enter each ETF with its ISIN, the number of units purchased and the acquisition date and price. Index Balance will calculate your TWRR return, maximum drawdown, comparison with the MSCI World and the rebalancing plan to restore your target weights. Automatic import is under development.