Written by ForexBrokers.com
In this head to head comparison of Admirals vs FinecoBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Admirals, founded in 2001, and FinecoBank, established in 1999, are two notable names in the online brokerage world. While FinecoBank is publicly traded and operates as a bank, Admirals is privately held and does not carry the designation of a bank. Both companies maintain a high level of trust according to ForexBrokers.com Trust Score, with Admirals scoring 93 and FinecoBank slightly edging it at 94.
When it comes to regulatory approvals, Admirals holds four Tier-1 licenses, which are highly trusted, and three Tier-2 licenses, considered trusted. In contrast, FinecoBank has two highly trusted Tier-1 licenses and no Tier-2 licenses. This regulatory outline assures users that both platforms are credible, with Admirals offering a marginally broader range of regulatory coverage.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Year Founded | 2001 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing Admirals and FinecoBank in terms of commissions and fees, Admirals stands out with competitive pricing and a typical spread of 0.8 on their Trade account, along with similar pricing on their Zero account type. This transparent and straightforward approach provides traders with clear expectations for trading costs. Admirals is well-regarded in the industry and is rated 4.5 stars for their commissions and fees. In terms of ranking, Admirals ranks at #17 out of 62 brokers according to ForexBrokers.com.
In contrast, FinecoBank does not provide average spread data for forex and CFD trading, which makes it challenging to determine the actual trading costs. FinecoBank lists a spread of 1 pip for the EUR/USD, which is typically higher than what many forex brokers offer. Although they also list a spread of 0.8 pips, neither of these figures are confirmed as average values or tied to a specific date range. However, FinecoBank appears to offer more competitive spreads on its index CFDs, which may appeal to some traders.
Overall, FinecoBank is rated 3.5 stars for its commissions and fees, reflecting its less transparent pricing model. On the ForexBrokers.com ranking, FinecoBank holds the #50 position out of 62 brokers, indicating room for improvement in providing more detailed and competitive pricing information to its clients.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Admirals and FinecoBank both offer forex trading as CFDs or spot contracts, meeting the needs of forex enthusiasts. While Admirals boasts an impressive 8,702 tradeable symbols, FinecoBank slightly surpasses with 9,770 available options. However, Admirals offers 82 tradeable forex pairs, giving it an edge over FinecoBank's 54 pairs. Both brokers provide access to U.S. and international exchange-traded securities, meaning investors can purchase well-known stocks like Apple on the NASDAQ and Vodafone on the London Stock Exchange.
Despite not offering the purchase of actual cryptocurrencies, Admirals allows trading in cryptocurrency derivatives, contrary to FinecoBank's limitations in this area. Admirals also offers copy trading for investors keen on emulating successful strategies, a feature not available with FinecoBank. Both brokers are rated 4.5 stars for their range of investments, indicating strong offerings. However, FinecoBank ranks slightly higher, placing 16th in this category according to ForexBrokers.com, compared to Admirals' ranking of 19th.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 9770 |
| Forex Pairs (Total) | 82 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Admirals and FinecoBank for their trading platforms and tools, both brokers present distinct features suitable for traders with varying preferences. Admirals stands out with its offering of a free virtual demo account, which is ideal for beginners looking to practice without real-world risk. The broker also provides popular third-party platforms, MetaTrader 4 and 5, allowing traders access to a wide range of tools and functionalities. On top of that, Admirals supports copy trading, enabling users to mimic the trades of experienced investors. Admirals impresses with 106 drawing tools available for charting and the feature to trade directly from stock charts, enhancing the trading experience significantly.
FinecoBank, on the other hand, offers its proprietary platform, which caters to traders seeking a more exclusive experience tailored by the broker itself. While FinecoBank does not provide paper trading or support for MT4 and MT5, users can still enjoy a user-friendly web-based and downloadable Windows-based platform. Despite offering fewer drawing tools compared to Admirals, FinecoBank maintains a high-quality interface, which earned it a slightly higher ranking on ForexBrokers.com. Both brokers are rated four stars for their trading platforms and tools, indicating a reliable performance in this category.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 106 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Admirals and FinecoBank offer compatibility for iPhone and Android devices, along with alerts for stock or forex prices. Admirals, however, shines with its range of charting tools, providing 30 technical studies compared to FinecoBank's 6. Admirals also allows users to draw trendlines and view multiple time frames, with the added benefit of auto-saving chart drawings. FinecoBank users won't find drawing tools or auto-save features, but they can still view different time frames.
In terms of creating watchlists, Admirals supports real-time quotes, whereas FinecoBank lacks this feature. Neither platform offers watchlist syncing between devices and online accounts. With Admirals receiving a 4-star rating for its app, the same as FinecoBank, it stands out as the 28th ranked broker compared to FinecoBank's 42nd position according to ForexBrokers.com. Both platforms offer solid options for mobile trading, but Admirals appears to offer more features for those interested in detailed charting and live data.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When considering market research capabilities, Admirals stands out with its comprehensive offerings compared to FinecoBank. Admirals delivers daily market commentary, which can be pivotal for traders looking for timely insights. In contrast, FinecoBank does not provide this service. Both brokers offer forex news from reputable sources such as Bloomberg, Reuters, and Dow Jones. However, Admirals leverages additional resources like Trading Central for technical analysis, a sentiment-based trading tool, and market research through TipRanks. These tools can provide traders with valuable perspectives and inform their trading strategies. FinecoBank, on the other hand, does not feature these specific resources. Both Admirals and FinecoBank include an economic calendar in their platforms, helping traders stay informed about global economic events.
In terms of overall research ratings, both Admirals and FinecoBank are awarded four out of five stars, suggesting strong research capabilities. Nonetheless, Admirals holds a higher rank, coming in at 15th out of 62 brokers on ForexBrokers.com, indicating a broader recognition of its market research offerings. FinecoBank is ranked at 33rd, which may reflect its more limited range of research tools. These differences highlight Admirals as a more resource-rich option for traders seeking in-depth market analysis and tools to support their trading decisions.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Admirals and FinecoBank both offer educational resources for traders, but they differ in the variety and depth of these materials. Admirals stands out by providing a comprehensive range of forex and CFDs education, including more than ten educational articles and videos on these topics. Admirals also offers monthly online webinars and maintains a searchable archive of past webinars, making it convenient for traders to access previous sessions. FinecoBank, on the other hand, does not provide the same extensive level of forex and CFDs education, nor do they offer a searchable archive of webinars. However, both brokers provide a selection of beginner educational videos, ensuring new traders have access to foundational trading knowledge.
Admirals continues to cater to experienced traders by offering over ten advanced educational videos, while FinecoBank lacks in this area. Both brokers provide an investor dictionary, consisting of definitions for at least 50 investing terms, supporting users in understanding financial jargon. Admirals receives a rating of 4 stars for its educational offerings and ranks #12 out of 62 brokers according to ForexBrokers.com. FinecoBank also holds a 4-star rating but is ranked lower at #49 in the same category. For traders seeking a wide array of educational tools, Admirals appears to be the more resourceful option.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Admirals is better than FinecoBank. Admirals finished with an overall rank of #18, while FinecoBank finished with an overall rank of #25.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
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FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
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When comparing online brokers Admirals and FinecoBank regarding cryptocurrency offerings, Admirals allows the purchase of cryptocurrency derivatives but not actual cryptocurrencies, while FinecoBank does not provide either option.
Both Admirals and FinecoBank provide ACH or SEPA transfers and bank wires for depositing or withdrawing funds, but Admirals additionally supports PayPal, Skrill, and Visa or Mastercard transactions, which FinecoBank does not.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Admirals | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | Admirals Review | FinecoBank Review |
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| Regulation | Admirals | FinecoBank | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 2001 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Admirals | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Admirals | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 9770 | |
| Forex Pairs (Total) | 82 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Admirals | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Admirals | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Admirals | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Admirals | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 106 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Admirals | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Admirals | FinecoBank | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Admirals Review | FinecoBank Review |
| Overall | Admirals | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | Admirals Review | FinecoBank Review |
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