Written by ForexBrokers.com
In this head to head comparison of eToro 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 2007, eToro operates as an online broker and offers traders a broad range of investment options. Though it is not publicly traded and doesn't function as a bank, eToro holds three Tier-1 licenses and one Tier-2 license, underscoring its strong regulatory compliance. With a ForexBrokers.com Trust Score of 93 out of 99, eToro is highly trusted by industry standards, appealing to investors looking for a reliable trading partner.
FinecoBank, established in 1999, stands out as a bank that also offers brokerage services. Unlike eToro, FinecoBank is publicly traded, which adds a layer of transparency. It holds two Tier-1 licenses but does not have Tier-2 licenses. Earning a slightly higher Trust Score of 94 out of 99 from ForexBrokers.com, FinecoBank is also highly trusted, providing a secure and stable choice for both banking and trading needs.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
eToro and FinecoBank offer distinct pricing structures for their trading services. eToro, a market-maker broker, provides a typical variable spread of 1 pip on the EUR/USD, which is slightly higher than the industry standard. Despite this, the platform attracts retail traders due to its social copy trading features rather than competitive spreads. With a 4.5-star rating and ranked #22 out of 62 brokers by ForexBrokers.com for commissions and fees, eToro is recognized for its dynamic features, including its VIP club offering five membership tiers, which grant various perks like Trading Central access, reduced fees, and dedicated support based on the account balance.
On the other hand, FinecoBank does not openly share average spread data for forex and CFD trading, making it challenging to evaluate its trading costs accurately. The broker lists a spread of 1 pip on the EUR/USD, which is on the higher end compared to many other forex brokers. Additionally, a spread of 0.8 pips is also mentioned, but not as an average value, lacking specific timeframe information. However, FinecoBank seems to offer more competitive spreads on index CFDs. Despite these offerings, FinecoBank holds a 3.5-star rating and ranks #50 out of 62 brokers according to ForexBrokers.com for its commissions and fees category.
For traders focusing on cost-efficiency, eToro's higher-ranking position and additional benefits through various membership tiers could present a more valuable proposition, especially if social trading is of interest. In contrast, FinecoBank's unclear spread information might warrant a closer look by those prioritizing transparency in trading fees. Both platforms exhibit unique advantages, which should be weighed based on individual trading needs and preferences.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | 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.
eToro and FinecoBank both offer a wide range of investment options for traders, but they cater to different preferences. eToro provides access to 5,461 tradeable symbols, including 55 forex pairs, with the flexibility to trade forex as a CFD or spot contract. It is noteworthy that eToro allows users to buy exchange-traded securities on both U.S. and international exchanges, and offers unique features such as copy trading and the ability to buy actual cryptocurrencies as well as cryptocurrency derivatives. This robust array of options has earned eToro a 5-star rating for its range of investments and a commendable 10th place ranking out of 62 brokers according to ForexBrokers.com.
FinecoBank, on the other hand, stands out with an impressive 9,770 tradeable symbols, though it offers slightly fewer forex pairs at 54. Like eToro, FinecoBank supports forex trading through CFDs or spot contracts and allows for the purchase of exchange-traded securities on both U.S. and international exchanges. However, FinecoBank does not provide copy trading or the ability to buy actual cryptocurrencies or cryptocurrency derivatives. Despite these limitations, FinecoBank still maintains a strong 4.5-star rating for its investment range and holds the 16th spot in ForexBrokers.com's rankings.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 9770 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 it comes to trading platforms and tools, eToro and FinecoBank offer distinct features catered to different trading needs. eToro stands out by offering a free virtual demo account that allows users to practice simulated trading, a valuable feature for beginners. While both brokers provide their own proprietary platforms, eToro's platform is entirely web-based, offering flexibility and accessibility without requiring a software download. In contrast, FinecoBank offers the option of a Windows-based desktop platform, which may appeal to traders looking for a more traditional setup. Notably, eToro supports copy trading, enabling users to mirror other successful traders' strategies, whereas FinecoBank does not offer this feature.
Both eToro and FinecoBank offer web-based trading platforms but lack support for third-party platforms like MetaTrader 4 and MetaTrader 5. Regarding charting tools, eToro provides an impressive 161 drawing tools for enhanced analysis, compared to just 7 offered by FinecoBank. Despite this, neither broker allows trades to be executed directly from stock charts. For managing investments, eToro features customizable watch lists with six fields. Ranked #8 out of 62 brokers for its tools, eToro receives a higher rating of 4.5 stars compared to FinecoBank’s 4 stars, reflecting its more comprehensive suite of trading tools and features.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 37 |
| Charting - Drawing Tools (Total) | 161 | 7 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and FinecoBank both offer mobile trading apps compatible with iPhone and Android devices, providing essential tools for traders on the go. While both platforms send stock or forex price alerts and display different time frames, eToro stands out by allowing users to create watchlists with real-time quotes, a feature FinecoBank lacks. Additionally, eToro supports syncing watchlist symbols between mobile and online platforms, enhancing user convenience, unlike FinecoBank, which does not offer this feature.
When it comes to technical analysis, eToro leads significantly with 104 technical studies, compared to FinecoBank's mere six. However, neither platform allows users to draw trendlines or auto-save chart drawings. With a rating of 4.5 out of five stars for its mobile trading app, eToro surpasses FinecoBank's slightly lower four-star rating. This difference is reflected in their rankings, with eToro placed at 11th out of 62 brokers, while FinecoBank occupies the 42nd spot according to ForexBrokers.com.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 6 |
| Mobile Charting - Draw Trendlines | No | 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 comparing eToro and FinecoBank for market research, eToro stands out with its offerings and higher ratings. eToro provides daily market commentary, which can be incredibly beneficial for traders looking to stay informed about market trends. It also offers research tools such as Technical Analytics from Trading Central and market insights from TipRanks, providing a comprehensive toolkit for undertaking technical and fundamental analysis. Additionally, eToro includes a sentiment-based trading tool, giving users a valuable perspective on market positions. The presence of an economic calendar keeps traders updated on global news events, further enhancing their trading decisions. With such a diverse array of research tools, eToro earns its 4.5-star rating and is ranked 13th out of 62 in the research category on ForexBrokers.com.
FinecoBank, on the other hand, offers solid market research tools but lacks some of the additional resources found in eToro's offerings. While it does provide forex news from top-tier sources like Bloomberg and Reuters, and also includes an economic calendar for global news, it falls short by not offering daily market commentary, sentiment-based trading tools, or resources from companies like Trading Central and TipRanks. FinecoBank holds a respectable 4-star rating but ranks lower at 33rd place for research on ForexBrokers.com. For traders who prioritize a variety of research tools and commentary, eToro provides a more robust option, whereas FinecoBank may appeal to those who value high-quality forex news sources.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between eToro and FinecoBank, there are several noteworthy distinctions. eToro provides a comprehensive array of forex and CFD education, offering more than 10 pieces which include articles, videos, and webinars. In contrast, FinecoBank does not meet this threshold. Both brokers present monthly webinars for ongoing client learning, but eToro outshines FinecoBank by offering a searchable archive of past webinars, giving users the flexibility to access educational content at their convenience.
In terms of video resources, eToro and FinecoBank both cater to beginners with at least 10 educational videos each. However, eToro additionally offers advanced video content for seasoned traders, which FinecoBank lacks. Both platforms include an investor dictionary with over 50 investing terms to support user understanding. eToro's educational offerings have earned it a high rating of 4.5 stars and a top-tier rank of 5th out of 62 brokers according to ForexBrokers.com. This is a notable lead over FinecoBank’s 4-star rating and 49th place ranking, highlighting eToro's stronger commitment to investor education.
| Feature |
eToro
|
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 eToro is better than FinecoBank. eToro finished with an overall rank of #9, while FinecoBank finished with an overall rank of #25.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
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eToro allows users to buy both actual delivered cryptocurrency and cryptocurrency derivatives, while FinecoBank does not offer the purchase of actual cryptocurrency or its derivatives.
eToro and FinecoBank both support ACH and SEPA transfers as well as bank wires for depositing and withdrawing funds; however, eToro additionally offers options like PayPal, Skrill, and Visa/Mastercard, which FinecoBank does not provide.
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 | eToro | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | FinecoBank Review |
| Broker Screenshots | eToro | FinecoBank | |
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| Regulation | eToro | FinecoBank | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 2007 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | 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) | eToro | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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) | No | No |
| Investments | eToro | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 9770 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | eToro | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | eToro | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 104 | 37 | |
| Charting - Drawing Tools (Total) | 161 | 7 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 6 | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | eToro | 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 | eToro Review | FinecoBank Review |
| Overall | eToro | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | FinecoBank Review |
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