What is the Fineco Regular Investment Plan?
With the Fineco Regular investment Plan you and invest Funds & ETFs with as little as £/€/$ 50 each month. We’ve covered the pros and cons of regular and lump-sum investing in our guide, which is well worth a read if you are considering drip-feeding investments into the markets.
The Regular Investment Plan automates the investments which are made on the same day every month, so you don’t have to do anything except stay in line with your plan.
Key benefits of the Fineco Regular Investment Plan
- Invest in funds from £50/month – You can grow your investments in your choice of funds with as little as £/€/$ 50 each month.
- Low, flat fee per month for ETFs – Pay one low, flat monthly fee starting from £2.95 when you set up your regular investment plan in ETFs
- No hidden fees or dealing charges for funds – there are no dealing charges for buying or selling funds, only platform fees.
- No lump sum – already have money in your Fineco account, you don’t need to worry about direct debits or card payments.
Key Risks of the Fineco Regular Investment Plan
- Making small investments mean that you will take a long time to grow a large investment portfolio
- You can miss out on big moves by limiting the amount drip-feeding money into the market
- All investment comes with risk and you could lose money investing versus saving accounts
- No stocks and shares ISA account option – if you only have small amounts to invest you should do so first in a tax-efficient account
For more information on Fineco Bank, you can read Fineco reviews, or read our interview with Paulo Di Grazia, Fineco General Manager.
Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.