Is Fineco regulated by the CONSOB?

What the CONSOB licence means

According to our records, Fineco holds a licence from the Commissione Nazionale per le Società e la Borsa (CONSOB), the financial regulator for Italy. We classify the CONSOB as tier 2 — strong regulation. Credible regulators with real rulebooks, but fewer safeguards than tier 1 (e.g. no compensation scheme or looser leverage rules).

For Fineco clients whose account is held by its CONSOB-regulated entity, the key protections are: compensation — Fondo Nazionale di Garanzia — up to €20,000; retail leverage — 30:1 on major FX pairs (ESMA rules); negative balance protection — mandatory for retail clients; client money — MiFID II client asset rules. Disputes can be taken to Arbitro per le Controversie Finanziarie (ACF).

Protection at a glance

Regulator tier

Tier 2 — Strong regulation

Compensation scheme

Fondo Nazionale di Garanzia — up to €20,000

Retail leverage

30:1 on major FX pairs (ESMA rules)

Negative balance protection

Required for retail clients

Client money

MiFID II client asset rules

Complaints

Arbitro per le Controversie Finanziarie (ACF)

How to verify this licence

1. Open Fineco's client agreement or website footer and note the exact company name and CONSOB licence number.
2. Search that name or number on the official CONSOB register. Check the status is current, not cancelled or suspended.
3. Confirm the website domain you're using (finecobank.com) is the one listed on the register — clone firms copy genuine licence numbers.
4. Search the CONSOB warnings page and IOSCO I-SCAN for the brand name.