IW Bank products, services and reviews

About IW Bank

IW Bank is an Italian online brokerage brand that originated from IWBank S.p.A., an early internet bank acquired by UBI Banca in 2007 and merged in 2015 into IWBank Private Investments; following Intesa Sanpaolo’s acquisition of UBI in 2020, the business was integrated into Fideuram – Intesa Sanpaolo Private Banking, with the “IW” brand used for self-directed trading within the group. The offering focuses on multi-asset market access for retail and active investors, including Italian and major international equities, ETFs, government and corporate bonds, certificates and covered warrants, and exchange-traded derivatives on venues such as IDEM and Eurex; product eligibility depends on client profiling and residency, and complex instruments require appropriateness assessments under MiFID II. Accounts are typically euro-based with funding by bank transfer to a named IBAN; trading in non-euro markets involves currency conversion, and any multi-currency features depend on the specific account setup. Platforms include proprietary web and mobile applications and an advanced interface for high-frequency or derivatives trading, with optional real-time market data subscriptions and exchange connectivity; research, news, and screeners are available at varying service tiers. Pricing uses published commission schedules that differ by market and pricing plan, plus exchange and data fees where applicable; standard Italian charges apply, including stamp duty on financial assets (imposta di bollo) and transaction taxes where relevant, and clients can usually choose between the administered tax regime (the intermediary acts as withholding agent) and the declarative regime. The entity operates under Italian banking and investment supervision (Bank of Italy and CONSOB) within the Intesa Sanpaolo group; eligible cash deposits fall under the Fondo Interbancario di Tutela dei Depositi up to the statutory limit, and investment services are covered by the Fondo Nazionale di Garanzia within its scope. Onboarding is fully digital for Italian residents, commonly using SPID/CIE and electronic signatures; non-resident access is available on a case-by-case basis and may restrict some products or services. Customer support is Italy-based with trading-day availability by phone, chat, and email. Key practical considerations for prospective users include the chosen commission plan, market data costs, the impact of Italian tax and stamp duties, residency-based product limitations, and whether they prefer pure self-directed execution via IW or advisory/private banking services available elsewhere within the group.