CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.07% of retail investor accounts lose money due to CFD trading with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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At home, at work, on the go and everywhere in between — your bank is with you always with simple, smart, online and mobile banking solutions.
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Our vision is to be a top-performing bank distinguished by its customer-centric culture, mindset of continuous improvement and excellent capabilities.
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Trading
Platform
CFDs
Multicurrency
Our Features
The premium bank.
Stop paying conversion fees on each trade
Efficient client care
01.
PREMIUM TRADING
Advanced desktop and mobile trading platforms.
02.
FAIR PRICING
Competitive fees, low spreads, no hidden charges.
03.
BROKERAGE
Over 33.4 mln trading orders processed in 2020.
04.
ONE-STOP SOLUTION
Brokerage, banking and investment services.
Customers Testimonial
What Our Clients Say
Business Woman
“From the moment I got my Provincial Capital Bank card, doors opened for me in London. This card and account allow me to make payments in this country, transfer money to my home country and even gave me the chance to work”.
IT Programmer
“I opened my Provincial Capital Bank account from the comfort of my home — wearing pyjamas! I was mesmerised by how easy it was. I didn’t have to pay anything to open an account.”
Clothes Designer
“ Provincial Capital Bank helped make my move between countries easier.I needed a way to pay rent, receive money and take out cash in the UK without the hassle of opening a traditional bank account.”
College Student
My experience with this bank has been exceptionally good. Everything is always done in a timely manner, and the employees are a joy to work with. I would highly recommend this bank to anyone and everyone. Great people.
Business Woman
Through the good years and the bad, this bank has always been there for me ready to help. It is special to walk in and be greeted by name. Even more special to be treated with respect and gratitude.
This advertising message is for promotional purposes only. To view all the terms and conditions for the advertised services, please refer to the fact sheets and documentation required under current regulations. All services require the client to open a Provincial Capital Bank current account. All products and services offered are dedicated to Provincial Capital Bank account.
Derivatives trading is available to clients following the assessment of their knowledge of derivative instruments and the subscription of the Derivative Trading Contract. Before trading CFDs, or other derivatives instruments please read carefully the Key Information Documents (KIDs) available on the website finecobank.co.uk
£500 TRADING COMMISSIONS: This initiative, valid from 22/09/2021 to 29/07/2022, offers those who open a new UK account the possibility to trade with zero trading commission up to a commission (maximum) amount of £500, to be used within 3 months from account opening date, on those markets that are subject to the terms and conditions set out in the Details.
FinecoBank S.p.A. - Registered Office Piazza Durante 11, Milan 20131 - Headquarters Via Rivoluzione d'Ottobre 16, Reggio Emilia 42123 - Share capital €201,339,553.80 subscribed and paid-in - Bank enrolled in the Register of Banks and Parent Company of the FinecoBank Banking Group – enrolled in the Register of Banking Groups at No. 3015 - VAT No. 12962340159 - Tax ID No. and Milan-Monza-Brianza-Lodi Companies Register No. 01392970404 - Economic and Administrative Index (REA) No. 1598155 - Member of the National Compensation Fund and the National Interbank Deposit Guaranteee Fund. Provincial Capital Bank is a trademark licensed for use by FinecoBank S.p.A., authorised and regulated by the Bank of Italy and Consob (Italian Market Regulator). Deemed authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority's
Stocks & Shares ISA Promo: Provincial Capital Bank ISA with Zero Platform Fees until 5 April 2023: initiative valid from 01/01/2022 to 30/04/2022 and subject to terms and conditions outlined in Details. Trading fees for the purchase and sale of Stocks, ETFs and Bonds will also be applied during the promotional campaign, in the amounts specified in the information sheets. There's no dealing charge for buying or selling funds. Please note that apart from Provincial Capital Bank platform fees, investing may incur other charges (e.g. by the fund manager). To read more about our account charges download our fact sheets and documentation. 0.25% max when promo ends.
Provincial Capital Bank ISA platform fee is annually maximum of 0.25% of the value of investments in the ISA account, with a £ 2.95/month cap for Shares, ETFs and Bonds. The amount paid annually is the sum of the amounts calculated monthly (for 12 months). The monthly fee is calculated based on the value of your portfolio in Funds on the last day of each month. Trading fees are charged for the purchase and sale of Stocks, ETFs and Bonds in the amounts specified in the fact sheets. For funds there are no dealing charges. Please note that apart from Provincial Capital Bank platform fees, investing may incur other charges (e.g. by the fund manager). To read about our account charges download our fact sheets and documentation.
When transferring to Provincial Capital Bank ISA, please note that we only accept GBP instruments, available in our platform, for direct ISA transfer. In case of instruments denominated in different currencies, please consider to transfer them in cash.
You can take your money out of an Individual Savings Account (ISA) at any time without losing any tax benefits. The ISA allowance for the current tax year is £20,000. Annual allowances are subject to revision and the government’s favourable treatment of ISAs may change. 'Tax-free' indicates that interest is exempt from UK income tax provided that all ISA conditions are met. The tax level and basis can change and the value of tax relief depends on your personal circumstances.
US and EU Shares and ETFs: Costs are displayed in GBP but are changed to the multicurrency subaccount in the same currency.
Different costs are applied to OTC transactions placed through customer care.
For US OTC Shares and ETFs different commissions could be applied.
For EU Shares, in case of Euronext, a fixed fee of 9 euros will be applied.
Funds: The value of the financial instruments will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
Funds platform fee will be calculated and paid monthly. The monthly fee is calculated based on the value of your portfolio in Funds on the last day of each month. To learn about all risks, costs and funds nature, please read the KIIDS and the offer prospectus available on finecobank.com as well as on the website of the company offering the UCITS units/shares before proceeding. Past performance is not indicative of future returns. The performance of funds and benchmarks, where present, is gross of tax.
Amount of trading commissions accrued in a month: Up to £499: UK shares and ETFs, Bonds (MOT/EuroMOT - EuroTLX e HI-MTF, Euronext), Fixed fee: £6.95; Europe shares and ETFs (EquiductGermany, Xetra, Equiduct France, Netherlands, Portugal, Euronext, Italy) Fixed fee: €6.95; USA shares and ETFs (Nyse, Amex, Nasdaq) Fixed fee: $6.95. Over £500: UK shares and ETFs, Bonds (MOT/EuroMOT - EuroTLX e HI-MTF, Euronext), Fixed fee: £3.95; Europe shares and ETFs (Equiduct Germany, Xetra, Equiduct France, Netherlands, Portugal, Euronext, Italy) Fixed fee: €3.95; USA and ETFs (Nyse, Amex, Nasdaq) Fixed fee: $3.95. The fees applied on the bond markets are expressed in GBP but charged to the Multicurrency Sub-Account of the settlement currency. For transactions executed on specific markets you may incur additional taxes or fixed fees related to the single market. See the fact sheets for further details.
Replay: ETFs Investment Plan; see the fact sheets for further details.
To learn about all risks, costs and the nature of the funds please read the KIIDS and the offer prospectus available on finecobank.co.uk as well as on the website of the company offering the UCITS units/shares before proceeding. Past performance is not indicative of future returns. Past performance is not indicative of future returns. The performance of funds and benchmarks, where present, is gross of tax. Platform fees are paid monthly.
Bonds: Commission is displayed GBP but is charged to the multicurrency subaccount in the same currency.
Free live quotes and real-time news: specifically US, UK and Italian live quotes and real-time news.
*With Provincial Capital Bank, you can trade FX CFDs from 22:15 on Sundays to 22:00 on Fridays (with the exception of the interval from 22:00 to 22:15).: you can buy and sell currencies with a quick order when the quotes are most favorable, day or night.
Trade without converting currency everytime: Multi-currency is a service that enables other currencies in your bank account, necessary for some online trading services involving financial products in currencies other than the euro. The exchange rate between two currencies is subject to continuous trading in the interbank market.
A spread is applied to the exchange rate (Currency Exchange) to the extent indicated in the fact sheets. Please note that to trade on foreign markets it is necessary to apply online to enable individual markets in your personal area of the Provincial Capital Bank website: Home page › Account Management › Managing Services › Trading and Investments › Multicurrency. Exchange rate and its spread are shown in a table available in the reserved area of Fineco’s website. The table is constantly kept updated.
First GBP or EUR Debit Card with no annual fees: No annual fees for the first card for each account holder; £9.95 annual fee for the second card; £2.95 card shipping cost.
Free withdrawals in the UK with GBP debit card and in the Euro zone with EUR debit card: The ATM provider may charge additional withdrawal fees. Provincial Capital Bank will not charge any fees for transactions or withdrawals made in the currency of your card.
With Provincial Capital Bank EUR Visa Debit Card, your EUR purchases and withdrawals are debited directly from your EUR account, so you have no exchange rate commissions.
A CFD is a financial derivative, that you can buy or sell with FinecoBank as your direct counterparty. Its value is directly related to that of an underlying asset (securities, indices, currencies, futures on bonds, futures on volatility indicators and futures on commodities) and consequently follows the price movement of the underlying asset. In particular, when CFDs trading your profit/loss is given by the difference in value between the opening price and the subsequent closing price of the contract. The opening price and the closing price are determined by the Bank applying, if appropriate, a mark-up or a spread on the underlying price to the extent indicated by the economic conditions at the time. CFDs are characterised by a strong leverage effect. This means that a relatively small price movement in the underlying market will have a proportionally higher impact on the value of your margined position and an unfavourable price movement may result in losses exceeding your initial margin deposit (increasing underlying price for short positions, decreasing for long positions). CFD Positions open for more than one business day (overnight) are subject to a multi-day position fee.
The spreads applied to CFDs may be changed at any time within the contractually agreed limits.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
SOURCES
1.3 million clients: Internal data, figures as at December 31st, 2020 including Italian and UK customers.
2021 Best broker for Global Trading and Best Live Trading Event: ADVFN International Financial Awards 95% customer service satisfaction rate: Source of data: KANTAR TNS - December 2021
Recognised and awarded for best platform and provider of the year – Source: ADVFN International Financial Awards
A spread is applied to the exchange rate (Currency Exchange) to the extent indicated in the fact sheets. Please note that to trade on foreign markets it is necessary to apply online to enable individual markets in your personal area of the Provincial Capital Bank website: Home page › Account Management › Managing Services › Trading and Investments › Multicurrency.
Exchange rate and its spread are shown in a table available in the reserved area of Fineco’s website. The table is constantly kept updated.
Derivatives trading is available to clients following the assessment of their knowledge of derivative instruments and the subscription of the Derivative Trading Contract. Before trading CFDs, or other derivatives instruments please read carefully the Key Information Documents (KIDs) available on the website finecobank.co.uk
£500 TRADING COMMISSIONS: This initiative, valid from 22/09/2021 to 29/07/2022, offers those who open a new UK account the possibility to trade with zero trading commission up to a commission (maximum) amount of £500, to be used within 3 months from account opening date, on those markets that are subject to the terms and conditions set out in the Details.
FinecoBank S.p.A. - Registered Office Piazza Durante 11, Milan 20131 - Headquarters Via Rivoluzione d'Ottobre 16, Reggio Emilia 42123 - Share capital €201,339,553.80 subscribed and paid-in - Bank enrolled in the Register of Banks and Parent Company of the FinecoBank Banking Group – enrolled in the Register of Banking Groups at No. 3015 - VAT No. 12962340159 - Tax ID No. and Milan-Monza-Brianza-Lodi Companies Register No. 01392970404 - Economic and Administrative Index (REA) No. 1598155 - Member of the National Compensation Fund and the National Interbank Deposit Guaranteee Fund. Provincial Capital Bank is a trademark licensed for use by FinecoBank S.p.A., authorised and regulated by the Bank of Italy and Consob (Italian Market Regulator). Deemed authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority's
Stocks & Shares ISA Promo: Provincial Capital Bank ISA with Zero Platform Fees until 5 April 2023: initiative valid from 01/01/2022 to 30/04/2022 and subject to terms and conditions outlined in Details. Trading fees for the purchase and sale of Stocks, ETFs and Bonds will also be applied during the promotional campaign, in the amounts specified in the information sheets. There's no dealing charge for buying or selling funds. Please note that apart from Provincial Capital Bank platform fees, investing may incur other charges (e.g. by the fund manager). To read more about our account charges download our fact sheets and documentation. 0.25% max when promo ends.
Provincial Capital Bank ISA platform fee is annually maximum of 0.25% of the value of investments in the ISA account, with a £ 2.95/month cap for Shares, ETFs and Bonds. The amount paid annually is the sum of the amounts calculated monthly (for 12 months). The monthly fee is calculated based on the value of your portfolio in Funds on the last day of each month. Trading fees are charged for the purchase and sale of Stocks, ETFs and Bonds in the amounts specified in the fact sheets. For funds there are no dealing charges. Please note that apart from Provincial Capital Bank platform fees, investing may incur other charges (e.g. by the fund manager). To read about our account charges download our fact sheets and documentation.
When transferring to Provincial Capital Bank ISA, please note that we only accept GBP instruments, available in our platform, for direct ISA transfer. In case of instruments denominated in different currencies, please consider to transfer them in cash.
You can take your money out of an Individual Savings Account (ISA) at any time without losing any tax benefits. The ISA allowance for the current tax year is £20,000. Annual allowances are subject to revision and the government’s favourable treatment of ISAs may change. 'Tax-free' indicates that interest is exempt from UK income tax provided that all ISA conditions are met. The tax level and basis can change and the value of tax relief depends on your personal circumstances.
US and EU Shares and ETFs: Costs are displayed in GBP but are changed to the multicurrency subaccount in the same currency.
Different costs are applied to OTC transactions placed through customer care.
For US OTC Shares and ETFs different commissions could be applied.
For EU Shares, in case of Euronext, a fixed fee of 9 euros will be applied.
Funds: The value of the financial instruments will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
Funds platform fee will be calculated and paid monthly. The monthly fee is calculated based on the value of your portfolio in Funds on the last day of each month. To learn about all risks, costs and funds nature, please read the KIIDS and the offer prospectus available on finecobank.com as well as on the website of the company offering the UCITS units/shares before proceeding. Past performance is not indicative of future returns. The performance of funds and benchmarks, where present, is gross of tax.
Amount of trading commissions accrued in a month: Up to £499: UK shares and ETFs, Bonds (MOT/EuroMOT - EuroTLX e HI-MTF, Euronext), Fixed fee: £6.95; Europe shares and ETFs (EquiductGermany, Xetra, Equiduct France, Netherlands, Portugal, Euronext, Italy) Fixed fee: €6.95; USA shares and ETFs (Nyse, Amex, Nasdaq) Fixed fee: $6.95. Over £500: UK shares and ETFs, Bonds (MOT/EuroMOT - EuroTLX e HI-MTF, Euronext), Fixed fee: £3.95; Europe shares and ETFs (Equiduct Germany, Xetra, Equiduct France, Netherlands, Portugal, Euronext, Italy) Fixed fee: €3.95; USA and ETFs (Nyse, Amex, Nasdaq) Fixed fee: $3.95. The fees applied on the bond markets are expressed in GBP but charged to the Multicurrency Sub-Account of the settlement currency. For transactions executed on specific markets you may incur additional taxes or fixed fees related to the single market. See the fact sheets for further details.
Replay: ETFs Investment Plan; see the fact sheets for further details.
To learn about all risks, costs and the nature of the funds please read the KIIDS and the offer prospectus available on finecobank.co.uk as well as on the website of the company offering the UCITS units/shares before proceeding. Past performance is not indicative of future returns. Past performance is not indicative of future returns. The performance of funds and benchmarks, where present, is gross of tax. Platform fees are paid monthly.
Bonds: Commission is displayed GBP but is charged to the multicurrency subaccount in the same currency.
Free live quotes and real-time news: specifically US, UK and Italian live quotes and real-time news.
*With Provincial Capital Bank, you can trade FX CFDs from 22:15 on Sundays to 22:00 on Fridays (with the exception of the interval from 22:00 to 22:15).: you can buy and sell currencies with a quick order when the quotes are most favorable, day or night.
Trade without converting currency everytime: Multi-currency is a service that enables other currencies in your bank account, necessary for some online trading services involving financial products in currencies other than the euro. The exchange rate between two currencies is subject to continuous trading in the interbank market.
A spread is applied to the exchange rate (Currency Exchange) to the extent indicated in the fact sheets. Please note that to trade on foreign markets it is necessary to apply online to enable individual markets in your personal area of the Provincial Capital Bank website: Home page › Account Management › Managing Services › Trading and Investments › Multicurrency. Exchange rate and its spread are shown in a table available in the reserved area of Fineco’s website. The table is constantly kept updated.
First GBP or EUR Debit Card with no annual fees: No annual fees for the first card for each account holder; £9.95 annual fee for the second card; £2.95 card shipping cost.
Free withdrawals in the UK with GBP debit card and in the Euro zone with EUR debit card: The ATM provider may charge additional withdrawal fees. Provincial Capital Bank will not charge any fees for transactions or withdrawals made in the currency of your card.
With Provincial Capital Bank EUR Visa Debit Card, your EUR purchases and withdrawals are debited directly from your EUR account, so you have no exchange rate commissions.
A CFD is a financial derivative, that you can buy or sell with FinecoBank as your direct counterparty. Its value is directly related to that of an underlying asset (securities, indices, currencies, futures on bonds, futures on volatility indicators and futures on commodities) and consequently follows the price movement of the underlying asset. In particular, when CFDs trading your profit/loss is given by the difference in value between the opening price and the subsequent closing price of the contract. The opening price and the closing price are determined by the Bank applying, if appropriate, a mark-up or a spread on the underlying price to the extent indicated by the economic conditions at the time. CFDs are characterised by a strong leverage effect. This means that a relatively small price movement in the underlying market will have a proportionally higher impact on the value of your margined position and an unfavourable price movement may result in losses exceeding your initial margin deposit (increasing underlying price for short positions, decreasing for long positions). CFD Positions open for more than one business day (overnight) are subject to a multi-day position fee.
The spreads applied to CFDs may be changed at any time within the contractually agreed limits.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
SOURCES
1.3 million clients: Internal data, figures as at December 31st, 2020 including Italian and UK customers.
2021 Best broker for Global Trading and Best Live Trading Event: ADVFN International Financial Awards 95% customer service satisfaction rate: Source of data: KANTAR TNS - December 2021
Recognised and awarded for best platform and provider of the year – Source: ADVFN International Financial Awards
A spread is applied to the exchange rate (Currency Exchange) to the extent indicated in the fact sheets. Please note that to trade on foreign markets it is necessary to apply online to enable individual markets in your personal area of the Provincial Capital Bank website: Home page › Account Management › Managing Services › Trading and Investments › Multicurrency.
Exchange rate and its spread are shown in a table available in the reserved area of Fineco’s website. The table is constantly kept updated.
Fred RodriquezLecturer