Written by ForexBrokers.com
In this head to head comparison of AvaTrade 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.
Founded in 2006, AvaTrade is a private online broker that has gained significant trust within the trading community. Despite not being publicly traded, AvaTrade holds a commendable ForexBrokers.com Trust Score of 94 out of 99, placing it in the highly trusted category. With four Tier-1 licenses and three Tier-2 licenses, AvaTrade demonstrates a strong commitment to regulatory compliance, providing traders with a sense of security and dependability.
FinecoBank, established in 1999, differentiates itself as a publicly traded bank and online broker, also achieving a notable Trust Score of 94 from ForexBrokers.com. As a bank, FinecoBank holds two Tier-1 licenses, reinforcing its reputable status in the financial sector. Although it does not possess any Tier-2 licenses, FinecoBank’s position as a publicly listed company and its banking operations contribute to its trusted standing in the market.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Year Founded | 2006 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing AvaTrade and FinecoBank, AvaTrade has established itself with spreads that align closely with industry averages. As of June 2024, AvaTrade offers spreads just under one pip at 0.9 pips, which is slightly higher than the entry-level accounts at CMC Markets and Tickmill. However, for those who qualify as professional traders, AvaTrade delivers competitive spreads of 0.6 pips, putting them on par with FP Markets. AvaTrade earns a commendable rating of 4.5 out of 5 stars in the commissions and fees category, ranking #12 out of 62 brokers on ForexBrokers.com.
In contrast, FinecoBank does not provide clear average spread data for forex and CFD trading, complicating the assessment of its trading costs. While FinecoBank lists a spread of 1 pip for EUR/USD, this is higher than the typical spread offered by other forex brokers. Additionally, FinecoBank lists a spread of 0.8 pips but does not supply an average value or date range, further blurring cost transparency. Despite potentially offering lower spreads on index CFDs, FinecoBank receives a lower rating of 3.5 out of 5 stars for commissions and fees and stands at #50 out of 62 brokers on ForexBrokers.com.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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.
When comparing AvaTrade and FinecoBank for their range of investment options, both platforms offer forex trading as CFDs or spot contracts. AvaTrade provides access to 1,260 tradeable symbols, including 53 forex pairs, while FinecoBank boasts a larger offering of 9,770 tradeable symbols with 54 forex pairs. This makes FinecoBank a more extensive choice for those who are looking to trade a variety of instruments. AvaTrade distinguishes itself with copy trading capabilities, allowing users to mimic the strategies of successful traders, a feature FinecoBank does not offer.
FinecoBank stands out by providing customers with the opportunity to invest directly in exchange-traded securities on both U.S. and international exchanges, unlike AvaTrade, which does not. However, AvaTrade offers options in cryptocurrency derivatives, while neither platform allows the purchase of actual cryptocurrency. FinecoBank's broader range of assets gives it a slight edge, reflected in its higher rating of 4.5 stars and a ranking of #16 by ForexBrokers.com for their range of investments, compared to AvaTrade's 4 stars and #32 ranking.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 9770 |
| Forex Pairs (Total) | 53 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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 AvaTrade and FinecoBank, both brokers offer unique features through their trading platforms. AvaTrade stands out by offering a complimentary virtual demo account for simulated trading, which FinecoBank does not provide. Both brokers have developed their proprietary platforms and offer Windows-based desktop and web-based platforms. However, AvaTrade goes further by including popular platforms like MetaTrader 4 and MetaTrader 5, alongside social trading features such as copy trading via DupliTrade and ZuluTrade—options not available with FinecoBank. Additionally, AvaTrade boasts the advantage of trading directly from stock charts.
In terms of technical tools, AvaTrade provides 13 drawing tools while FinecoBank offers 7, adding more versatility to chart analysis. AvaTrade also allows users to set up comprehensive watch lists with 7 configurable fields, whereas FinecoBank lacks this feature. Although both brokers are highly rated, AvaTrade edges out with a 4.5-star rating compared to FinecoBank’s 4-star rating. In industry rankings by ForexBrokers.com, AvaTrade is ranked 13th among 62 brokers for their trading platforms and tools, while FinecoBank holds the 17th position. These differences highlight AvaTrade’s broader platform capabilities and tool offerings in the competitive online trading space.
| Feature |
AvaTrade
|
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 | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 37 |
| Charting - Drawing Tools (Total) | 13 | 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, both AvaTrade and FinecoBank offer apps for iPhone and Android users, catering to traders who prefer to manage their investments on the go. AvaTrade stands out with features like stock and forex price alerts and watchlist symbol syncing, ensuring that any changes made to watchlists are reflected across mobile and online platforms. In contrast, FinecoBank offers similar alerts but lacks the syncing feature, which could be a deciding factor for investors who wish for seamless integration. Chart enthusiasts might prefer AvaTrade for its extensive offering of 73 technical studies, compared to FinecoBank's six, along with the ability to draw trendlines, albeit without the option to auto-save. Both platforms allow viewing of different time frames on charts, enhancing the analytical capabilities for traders.
For those who value real-time quotes on their watchlists, AvaTrade offers this feature, providing a live snapshot of market movements, whereas FinecoBank does not. In terms of overall user satisfaction, AvaTrade scores slightly higher with a 4.5-star rating compared to FinecoBank's 4-star rating. In the competitive landscape of mobile trading apps, AvaTrade is ranked 13th out of 62 brokers by ForexBrokers.com, showcasing its strong position. FinecoBank, on the other hand, ranks 42nd, which may influence the decision for traders comparing these two platforms for mobile trading solutions.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research features, both AvaTrade and FinecoBank share some common strengths and weaknesses. Neither platform provides daily market commentary, but they both offer forex news from reputable sources like Bloomberg and Reuters. While FinecoBank does not include tools from Trading Central, AvaTrade excels by offering one or more technical analysis or fundamental research tools from this company. On the other hand, neither broker provides tools from Autochartist or Acuity Trading, and both platforms lack market research from TipRanks.
AvaTrade stands out by offering a sentiment-based trading tool, which reveals the ratio of long to short positions across various instruments, a feature not available through FinecoBank. Both brokers provide an economic calendar for tracking global news events, supporting informed trading decisions. Ultimately, their research capabilities are reflected in their ratings, as both AvaTrade and FinecoBank earn four out of five stars for research. However, in a comparative ranking, FinecoBank takes a slight edge, coming in at #33, just ahead of AvaTrade which is ranked at #34 out of 62 brokers by ForexBrokers.com.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, AvaTrade clearly stands out compared to FinecoBank. AvaTrade offers an extensive range of materials for new traders, including over ten educational pieces focused exclusively on forex and CFDs. They also host regular monthly webinars and maintain a searchable archive of past sessions for learners to revisit. Beginners can benefit from over ten videos tailored specifically to enhance their understanding of trading, along with a 50-term investor dictionary for foundational knowledge. FinecoBank, in contrast, does not match AvaTrade’s quantity of introductory resources but does provide webinars and beginner-level videos to aid novice traders.
Both AvaTrade and FinecoBank offer monthly webinars, but AvaTrade elevates its educational offerings with content accessible to both beginners and seasoned traders, featuring over ten advanced videos not matched by FinecoBank. While FinecoBank supports newfound traders with an investor dictionary similar to AvaTrade's, its library lacks depth in advanced content. With an impressive #2 ranking for education by ForexBrokers.com, AvaTrade stands tall over FinecoBank's lower position at #49. The comprehensive learning experience at AvaTrade earns it a solid four-star rating, reflecting its commitment to nurturing informed traders.
| Feature |
AvaTrade
|
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 AvaTrade is better than FinecoBank. AvaTrade finished with an overall rank of #13, while FinecoBank finished with an overall rank of #25.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
|
FinecoBank
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|---|---|---|
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| Trust Score | 94 | 94 |
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While both AvaTrade and FinecoBank do not provide options to purchase actual cryptocurrencies, AvaTrade distinguishes itself by offering cryptocurrency derivatives, unlike FinecoBank which does not provide this service.
Comparing AvaTrade and FinecoBank reveals that AvaTrade supports deposits and withdrawals via PayPal, Skrill, Visa/Mastercard, and bank wires but not ACH or SEPA transfers, while FinecoBank offers ACH and SEPA transfers and bank wires but lacks support for PayPal, Skrill, and Visa/Mastercard transactions.
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 | AvaTrade | FinecoBank | |
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| Trust Score | 94 | 94 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | FinecoBank Review |
| Broker Screenshots | AvaTrade | FinecoBank | |
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| Regulation | AvaTrade | FinecoBank | |
|---|---|---|---|
| Trust Score | 94 | 94 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | AvaTrade | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 9770 | |
| Forex Pairs (Total) | 53 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | AvaTrade | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | AvaTrade | 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 | No | Yes |
| Trading Platforms | AvaTrade | 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 | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 80 | 37 | |
| Charting - Drawing Tools (Total) | 13 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | 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 | AvaTrade | 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 | AvaTrade Review | FinecoBank Review |
| Overall | AvaTrade | FinecoBank | |
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| Trust Score | 94 | 94 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | FinecoBank Review |
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