Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs ATFX, 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.
When comparing FinecoBank and ATFX, both brokerages offer distinct features that cater to different types of investors. Founded in 1999, FinecoBank stands out as both a bank and a publicly traded company, providing a sense of stability and trust to its clients. With a high Trust Score of 94 from ForexBrokers.com, FinecoBank is well regarded for its reliability. It holds two highly trusted Tier-1 licenses, underscoring its commitment to regulatory compliance and customer confidence.
In contrast, ATFX, established in 2017, is not a bank and isn’t publicly traded, but it still garners a respectable Trust Score of 85 from ForexBrokers.com. Despite being newer to the scene, ATFX boasts an impressive regulatory standing with four Tier-1 licenses and two Tier-2 licenses, indicating its trusted position in the market. These licenses reflect its focus on providing secure and reliable trading experiences, appealing to investors seeking a reputable broker with strong regulatory backing.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Year Founded | 1999 | 2017 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FinecoBank and ATFX for commissions and fees, both brokers exhibit limitations due to the lack of available data on average spreads. FinecoBank, however, does provide some information, listing spreads of 1 pip and 0.8 pips for the EUR/USD pair. Unfortunately, these figures do not have a corresponding date range or average value, making it challenging to determine their true costs. Despite this, FinecoBank is noted for offering potentially lower spreads on its index CFDs.
ATFX also does not make average spread data readily available, creating a similar challenge in assessing the broker's overall trading costs. While specifics are scarce, these brokers both provide necessary financial services but remain less competitive than some peers when it comes to transparency in their commission and fee structures.
In terms of ratings and rankings for their commissions and fees, FinecoBank receives a rating of 3.5 stars, placing it at number 50 out of 62 brokers according to ForexBrokers.com. ATFX, on the other hand, holds a slightly lower rating of 3 stars and ranks at number 59. Both brokers show room for improvement in offering more clarity and competitive pricing in their fee structures.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering the range of investments, FinecoBank provides a much wider selection than ATFX. FinecoBank offers a staggering 9,770 tradeable symbols, which significantly surpasses the 150 symbols available at ATFX. In terms of forex pairs, FinecoBank has a slight edge with 54 pairs compared to ATFX’s 44. Moreover, FinecoBank allows access to exchange-traded securities on both U.S. and international exchanges, providing the opportunity to buy real shares such as Apple and Vodafone. On the other hand, ATFX does not offer exchange-traded securities on either U.S. or international platforms, limiting investors to other types of financial instruments.
While FinecoBank does not support copy trading, it rates higher for its range of investments with a rating of 4.5 stars, compared to ATFX’s 3.5 stars. In addition, FinecoBank ranks 16th out of 62 brokers in the Range of Investments category according to ForexBrokers.com, far ahead of ATFX, which stands at 57th place. Although ATFX offers the option to purchase cryptocurrency derivatives, both brokers do not facilitate the buying of actual cryptocurrency. If you seek a platform with a broad spectrum of investment options and the ability to trade real shares, FinecoBank may present a more suitable choice over ATFX.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 150 |
| Forex Pairs (Total) | 54 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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 FinecoBank and ATFX for trading platforms and tools, several key differences emerge. FinecoBank stands out with a proprietary trading platform developed in-house, providing a tailored experience for its users. Both FinecoBank and ATFX offer Windows-based desktop and web-based trading platforms, ensuring accessibility for desktop users. However, only ATFX provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), highly popular platforms known for their comprehensive trading tools. ATFX also supports features like copy trading and trading directly from stock charts, making it more appealing to those who value a range of trading strategies and techniques. Additionally, ATFX offers a free virtual demo account, enabling traders to practice risk-free.
In terms of trading tools, FinecoBank provides seven drawing tools for charting, while ATFX offers a more extensive set of 15. ATFX also includes seven columns for watch lists, enhancing the monitoring experience for active traders. While FinecoBank is rated higher with 4 stars in the Trading Platforms and Tools category, compared to ATFX's 3.5 stars, the platform differentials reflect varying priorities for traders. With FinecoBank ranking 18th and ATFX 61st by ForexBrokers.com, FinecoBank seems to offer a more streamlined and highly rated platform experience, whereas ATFX presents more traditional features like MT4 and MT5, catering to a broader audience seeking robust trading functionalities.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and ATFX both provide iPhone and Android apps, making it convenient for traders to access their platforms from any mobile device. Both brokers offer stock and forex price alerts, allowing users to stay updated with the latest market changes. However, neither provides watchlist symbol syncing, which could be a drawback for those who want seamless tracking across devices. When it comes to charting features in their mobile apps, FinecoBank offers six technical studies while ATFX provides seven. Despite this slight edge, FinecoBank lacks the ability to draw trendlines, a feature ATFX covers. Both brokers do allow users to view charts in multiple time frames, which is beneficial for analyzing market trends from different perspectives.
Further examining their offerings, ATFX's mobile app saves chart drawings automatically and supports creating watchlists with real-time quotes, whereas FinecoBank does not offer these options. These features could contribute to ATFX's practicality for traders needing quick access to updated market information. In terms of user ratings, FinecoBank scores slightly higher with 4 stars compared to ATFX’s 3.5-star rating. Additionally, FinecoBank is ranked 42nd out of 62 brokers for mobile trading apps, significantly ahead of ATFX, which is positioned at 62nd. These differences highlight various aspects traders may want to consider when selecting the most suitable mobile trading app for their needs.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 7 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, FinecoBank and ATFX each have their own strengths. FinecoBank delivers high-quality forex news from prestigious sources like Bloomberg, Reuters, and Dow Jones. On the other hand, ATFX excels in providing daily market commentaries and boasts technical and fundamental analysis tools from well-regarded providers like Autochartist and Trading Central. Both brokers provide economic calendars for tracking global financial events, helping traders keep pace with market movements. However, neither FinecoBank nor ATFX offer sentiment-based trading tools, or research options from TipRanks and Acuity Trading.
In terms of research quality, FinecoBank holds a four-star rating and ranks 33rd among 62 brokers, according to ForexBrokers.com. This positions FinecoBank considerably higher than ATFX, which earns a three-star rating and ranks 54th. Whether you prioritize high-quality news sources or diverse analysis tools could influence your choice between these brokers, each catering to different trading needs.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When looking at educational resources provided to beginners by FinecoBank and ATFX, it's clear that each online broker has its strengths. ATFX excels with a comprehensive suite of educational content focused on forex and CFDs, offering over 10 pieces which include articles, videos, and archived webinars. Conversely, FinecoBank does not provide this level of extensive content specifically for forex and CFDs. Although ATFX lacks monthly online webinars, it compensates with a searchable archive of past webinars, allowing users to catch up on sessions they may have missed.
Both brokers provide solid educational support for beginners, with over ten video tutorials aimed at newcomers to trading. Moreover, they each offer an investor dictionary that explains over 50 investing terms, making complex investment jargon much more accessible. FinecoBank, however, stands out for hosting monthly educational webinars. On the downside, neither FinecoBank nor ATFX offers a collection of advanced videos for more experienced traders. In terms of overall educational ratings, FinecoBank receives four stars whereas ATFX garners three, hinting at FinecoBank’s slightly better offerings in educational activities, despite ATFX’s higher ranking by ForexBrokers.com at number 28 versus FinecoBank’s position at 49 among 62 brokers.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 FinecoBank is better than ATFX. FinecoBank finished with an overall rank of #25, while ATFX finished with an overall rank of #51.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 85 |
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While both FinecoBank and ATFX do not offer the purchase of actual delivered cryptocurrency, only ATFX provides the option to trade cryptocurrency derivatives.
FinecoBank supports ACH and SEPA transfers and bank wires, but not PayPal, Skrill, Visa, or Mastercard for account fund transactions, whereas ATFX provides options for Skrill, Visa, Mastercard, and bank wires, but not ACH, SEPA transfers, or PayPal.
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 | FinecoBank | ATFX | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | ATFX | |
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| Regulation | FinecoBank | ATFX | |
|---|---|---|---|
| Trust Score | 94 | 85 | |
| Year Founded | 1999 | 2017 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| 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) | FinecoBank | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 150 | |
| Forex Pairs (Total) | 54 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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 | FinecoBank | ATFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | ATFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | ATFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | ATFX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | ATFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 7 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | ATFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | ATFX | |
|---|---|---|---|
| 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 | FinecoBank Review |
| Overall | FinecoBank | ATFX | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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