Webank’s Italian online brokerage combines exchange-traded shares, bonds, ETFs and derivatives, including CME currency futures, under Banco BPM’s account and commission structure.[1][2][3]
Broker essentials01
Webank Trading — essential scope
| Measure | Value | Context |
|---|---|---|
| Primary service | Securities / multi-asset brokerage | Source 1 |
| Institution or operator | Banco BPM S.p.A. | Source 1 |
| Home jurisdiction | Italy | Source 1 |
| Official research source | https://www.webank.it/webankpub/wbresp/trading.do | Source 1 |
| Source review | 2026-10-26 | Source 1 |
| Direct leveraged retail FX CFDs | Not established by sources for this particular service | Source 1 |
Accounts and onboarding
Sections ↑Webank is the Italian online-trading and banking service associated with Banco BPM. The fee choice is a fixed versus variable commission profile; both are separate from the product margin needed to carry futures positions.[1][4]
Account comparison02
Account and service perimeter
| Item / condition | Verified detail and interpretation |
|---|---|
| Underlying financial institution | Banco BPM S.p.A.; Webank is a distribution/service brand rather than a separately represented foreign CFD dealer.Source 1 |
| Trading setup | Webank investment/securities services linked to a bank account.Source 1 |
| Commission selection | Fixed or percentage-based tariff profile; contract and venue determine applicable charge.Source 1 |
| T3 platforms | T3 and T3 Open trading facilities.Source 1 |
| Geography | Italian market service and local banking eligibility; not marketed as globally open forex margin accounts.Source 1 |
Account comparison03
Access and software
| Item / condition | Verified detail and interpretation |
|---|---|
| Web/browser | Core order placement and portfolio servicing.Source 1 |
| T3 | Dedicated trading screen and configurable market monitoring.Source 1 |
| T3 Open | Interface presented as compatible with trading-system integrations; no universal order API rights inferred.Source 1 |
| Mobile | iOS/Android market monitoring, charts, orders and notifications.Source 4 |
Products and market access
Sections ↑Webank lists actual CME currency futures in its tariff table—an FX market connection much more specific than calling the entire account a “forex broker”. They are cleared exchange contracts, not a bilateral spot-margin quote.[2][3][1]
At a glance04
Tradeable categories
| Item / condition | Verified detail and interpretation |
|---|---|
| Equities | Italian, other European, US and London markets under different fee ladders.Source 2Source 3 |
| ETFs and bonds | Italian/European ETF and fixed-income venues.Source 3 |
| Listed stock derivatives | IDEM equity options, futures and stock futures.Source 2 |
| Eurex | Index and rate derivatives including DAX and Bund-group contracts.Source 2 |
| CME FX futures | Euro/USD, GBP, CAD, AUD, CHF contracts, and E-Micro EUR/USD, AUD/USD and GBP/USD listed.Source 2 |
| Commodities and indexes | CME energy/metals, ES/NQ and other eligible futures listed in rate card.Source 2 |
At a glance05
Derivative economic structure
| Item / condition | Verified detail and interpretation |
|---|---|
| Margin | Performance bond/security margin depends on contract and clearing risk.Source 1 |
| Contract size | Standard versus micro FX futures have different notionals; a fee per executed contract is not a pip spread.Source 1 |
| Expiration | Futures carry expiries and roll decisions; rolling exposure may involve additional commissions.Source 1 |
| FX conversion | A currency-futures payoff does not by itself establish a no-cost multi-currency cash settlement facility.Source 1 |
Fees, charges and economic examples
Sections ↑The effective commission level for the fixed/variable structure follows the previous calendar month’s commissions generated. A low fee on the highest tier is not the default available to an inactive new customer.[2][5]
Pricing & charges06
Fixed profile — euro shares, bonds and ETFs
Pricing & charges07
Fixed profile — selected micro FX futures
| Item / condition | Verified detail and interpretation |
|---|---|
| CME E-Micro EUR/USD, AUD/USD, GBP/USD | Derivative C category.Source 2 |
| Initial commission level | €3.90 per executed lot at lowest activity tier.Source 2 |
| Higher activity tiers | €1.90 per executed lot on the published schedule.Source 2 |
| Standard FX futures | Can belong to a different derivative B category with fees from €5.90 to €3 per lot.Source 2 |
| Expired promotion | Website still includes micro-future €1.75 promotion ending 31 March 2022; do not describe it as current.Source 2 |
Pricing & charges08
Additional venue charges and contract scope
| Item | Terms and practical effect |
|---|---|
| European equity supplement | €9 per executed order on the European markets marked with an asterisk in the tariff. Italian instruments are listed separately.Source 2 |
| Agricultural futures | Minimum €5.90 per executed lot, even where the general derivative tier is lower.Source 2 |
| Custody and FX | The commission page refers to the contract summary and information sheets; dealing commission is not the entire account tariff.Source 2 |
Pricing & charges09
Commission tier mechanics
| Item / condition | Verified detail and interpretation |
|---|---|
| Measurement | Commission generated in previous solar/calendar month across relevant markets.Source 2 |
| Higher volume | A customer can rise to favourable level from the next month based on prior-month spend.Source 2 |
| Lower activity | Firm says tier descends at most one level in a month when volume decreases.Source 2 |
| Illustration | Four executed micro-FX futures lots at €3.90 would incur €15.60 published dealing commission, before clearing/platform charges and any product taxes.Source 2 |
Pricing & charges10
Variable profile: Italian and listed European instruments
| Previous-month commissions: published band | Order commission |
|---|---|
| €0–500 | 0.19%; €2.75 minimum; €18.90 maximumSource 2 |
| €500–1,000 | 0.17%; €2.75 minimum; €12.90 maximumSource 2 |
| €1,000–1,500 | 0.15%; €2.75 minimum; €9.90 maximumSource 2 |
| €1,500–2,000 | 0.13%; €2.75 minimum; €6.90 maximumSource 2 |
| Above €2,000 | Flat €2.75Source 2 |
Pricing & charges11
US and London equity commissions across activity tiers
Pricing & charges12
Derivative fee groups: contract category matters
| Published fee group | Five activity levels, lowest to highest | Examples |
|---|---|---|
| A | €9 / €5.90 / €5.90 / €3 / €3 | Includes FTSE MIB, DAX, government-bond and selected commodity futures.Source 2 |
| B | €5.90 / €3.90 / €3.90 / €3 / €3 | Includes standard CME currency futures and specified options.Source 2 |
| C | €3.90 / €1.90 / €1.90 / €1.90 / €1.90 | Includes E-Micro EUR/USD, AUD/USD and GBP/USD.Source 2 |
Execution, orders and trading platforms
Sections ↑This is a technology-rich securities/futures brokerage but not a proof of tested latency or uninterrupted automated execution.[1][4][3]
At a glance13
Platform capabilities
| Item / condition | Verified detail and interpretation |
|---|---|
| T3 trading interface | Advanced trading workspace for market data and orders.Source 1 |
| T3 Open | Integration-friendly workstation; explicit API order permission requires separate account/service terms.Source 1 |
| Mobile app | Order activity, market depth up to 5 levels, charts and live alerts.Source 4 |
| Risk/margin calculator | Pre-trade derivative margin calculator described in Webank trading markets material.Source 3 |
| Derivative sessions | Contract-specific exchange calendar/clearing windows rather than 24/7 forex dealing.Source 1 |
At a glance14
Futures execution risk
| Item / condition | Verified detail and interpretation |
|---|---|
| Exchange venue | CME/IDEM/Eurex contract trades at exchange prices through broker route.Source 1 |
| Intraday concessions | Published reduced intraday margins are conditional and may not apply overnight.Source 3 |
| Variation margin | Clearing firms may call funds or liquidate if account equity falls short.Source 1 |
| System interruption | Current product pages do not prove an outage telephone-execution facility or guaranteed rescue fills.Source 1 |
At a glance15
Login and device authentication
Funding, settlement and withdrawals
Sections ↑The Webank service is connected to a real bank account and the derivative clearing chain. The reviewed online trading price pages are not a full cash-transfer contract.[1][5][3]
At a glance16
Funding and settlement map
| Item / condition | Verified detail and interpretation |
|---|---|
| Bank relationship | Webank/Banco BPM cash account supplies securities trading settlement.Source 1 |
| Listed-security purchase | Funds must be available on settlement; security transaction and account cash ledger should reconcile.Source 1 |
| Futures margin | Initial margin, daily variation and overnight positions can change funds available for withdrawal.Source 1 |
| Transfers in/out | Review Banco BPM/Webank account sheet, beneficiary checks and currency charges rather than assume zero from trading advertisement.Source 5 |
| Collateral valuation | Margin-calculator or displayed margin is not equivalent to a guarantee of a fixed lifetime margin.Source 3 |
Regulation, custody and protection
Sections ↑Webank’s operational parent matters. A bank deposit guarantee, held share custody and exchange-futures margin each involve distinct legal and customer-protection questions.[1][6][5]
Entities & regulation17
Regulatory architecture
| Item / condition | Verified detail and interpretation |
|---|---|
| Bank | Banco BPM S.p.A., an Italian bank; Webank is its service/brand.Source 1 |
| Independent central-bank corroboration | Banca d’Italia’s 23 October 2026 announcement identifies the Banco BPM banking group as an O-SII authorised to operate in Italy. That does not separately verify every Webank trading-product permission.Source 6 |
| EU markets | Italian/EU investment-services and applicable MiFID rules govern relevant securities dealing.Source 1 |
| Client securities | Custody contract and segregation rights require current entity-specific disclosure.Source 5 |
| Leveraged futures | Possible losses and margin calls; no blanket negative-balance guarantee inferred.Source 1 |
| Deposit protection | Any Italian depositor scheme limits apply to eligible bank deposits, not to trading losses; exact scope is outside price-page evidence.Source 1 |
Customer support, disputes and records
Sections ↑Trading software assistance and authorised order acceptance are separate services. The quoted bank contact line must not be called a round-the-clock futures order desk without evidence.[1][5]
At a glance18
Help and risk documents
| Item / condition | Verified detail and interpretation |
|---|---|
| Online banking support | Webank client service/help environment.Source 1 |
| T3 software | Dedicated platform user resources and trading materials.Source 1 |
| Contract disclosure | Documenti Trading area hosts relevant terms and precontractual information.Source 5 |
| Trading interruption | Escalation route and possible telephone order authority must be confirmed in the signed service agreement.Source 1 |
| Complaint channel | Formal complaint escalation belongs to Banco BPM legal entity; generic market help pages do not set exact deadlines.Source 1 |
Additional services and technology
Sections ↑Webank combines multi-market access with a workstation product. The more valuable research detail is which feature is supplied with what margin, venue and data terms.[3][1][4]
At a glance19
Research and technical features
| Item / condition | Verified detail and interpretation |
|---|---|
| Cross-market coverage | More than 20 markets and thousands of eligible investment instruments described.Source 3 |
| T3 Open | Configurable and tool-compatible workstation.Source 1 |
| Mobile depth | Five-level quote depth in supported mobile trading view.Source 4 |
| Position control | Order monitoring and intraday risk/margin controls.Source 3 |
| Paid external data | Market-by-market live quote licence fees need disclosure schedule; generic site is not sufficient.Source 1 |
Company, ownership and regulatory identity
Sections ↑The Italian banking brand is a better legal referent than an assumed separate Webank securities corporate entity.[1][2]
At a glance20
Group and service scope
| Item / condition | Verified detail and interpretation |
|---|---|
| Trading brand | Webank.Source 1 |
| Bank/operator | Banco BPM S.p.A.Source 1 |
| Relevant market | Italian online securities and exchange-traded derivatives.Source 1 |
| FX relevance | CME-listed forex futures including micro FX contracts; not direct OTC spot forex.Source 1 |
| Source version conflict | The same live commission webpage retains a promotion expired in 2022; exclude it from 2026 costs.Source 2 |
- Headquarters
- Milan, Italy
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Banco BPM S.p.A.
ItalySource 1
No separate licence entry is recorded in this panel.
Additional information and practical questions
Sections ↑High-volume tier tables have to be read together with the actual product bucket; a €1.90 E-Micro fee says nothing about a standard Euro FX futures lot or share dealing commission.[1]
At a glance21
Checklist for an actual futures order
| Item / condition | Verified detail and interpretation |
|---|---|
| Venue and ticker | Confirm CME futures contract family and expiration month.Source 1 |
| Bucket | Verify B versus C derivative category.Source 1 |
| Tier | Read last month’s turnover/commission tier.Source 1 |
| Margin | Check initial/intraday/overnight margin with the current contract sheet.Source 1 |
| Data | Confirm market subscription and T3 route.Source 1 |
| Settlement | Assess variation margin, cash denomination and exit/roll costs.Source 1 |
The current Webank tariff page explicitly retains “FINO al 31.03.2022” promotions next to otherwise live fee tables. Those expired offers are excluded from 2026 pricing despite the still-accessible webpage.[1][2]
Sources & further reading
- Webank online trading service and platform Webank / Banco BPM · Accessed 26 Oct 2026
- Published fixed/variable trading commissions Webank / Banco BPM · Accessed 26 Oct 2026
- Trading markets and derivative products Webank / Banco BPM · Accessed 26 Oct 2026
- Webank mobile trading platforms Webank / Banco BPM · Accessed 26 Oct 2026
- Webank precontractual trading documents Webank / Banco BPM · Accessed 26 Oct 2026
- Banca d’Italia identification of Banco BPM among systemically important authorised Italian banking groups — 23 October 2026 Banca d’Italia · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.