Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Exness, 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.
FinecoBank and Exness are prominent names in the online brokerage space, each offering distinct advantages for traders. FinecoBank, established in 1999, is a publicly traded bank renowned for its stability and trustworthiness, underscored by a high ForexBrokers.com Trust Score of 94 out of 99. It holds two Tier-1 licenses, reflecting high regulatory confidence. On the other hand, Exness, founded in 2008, is not publicly traded and operates solely as a brokerage. It maintains a solid Trust Score of 81, supported by its two Tier-1 licenses and three Tier-2 licenses, showcasing a comprehensive regulatory framework.
While both brokers demonstrate a strong regulatory standing, their business structures and backgrounds differ significantly. FinecoBank's status as a publicly listed bank conveys greater transparency and trust, appealing to those seeking a secure and established trading platform. Exness, though not a bank or listed on a stock exchange, still offers extensive regulatory coverage, making it a reliable choice for traders who prioritize diverse licensing and a slightly higher risk appetite. These factors collectively influence potential clients in selecting the broker that best aligns with their trading preferences and risk tolerance.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Year Founded | 1999 | 2008 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing FinecoBank to Exness in terms of commissions and fees, there are noticeable differences in transparency and cost structure. FinecoBank provides limited information regarding its average spreads for forex and CFD trading, which makes it challenging to accurately gauge its trading costs. The broker lists a spread of 1 pip for EUR/USD, which is higher than what most forex brokers typically offer, and another spread of 0.8 pips, neither of which come with detailed context or averages. Nonetheless, FinecoBank reportedly offers more competitive spreads on its index CFDs. For its commissions and fees, FinecoBank has earned a rating of 3.5 stars, placing it at #50 out of 62 brokers in the category according to ForexBrokers.com.
Exness, on the other hand, provides a wider array of account types with different pricing models to suit various trading needs. The broker offers two standard accounts and three professional accounts, each varying in terms of spreads and execution methods. The Standard Cent and Standard accounts carry higher spreads overall, while Pro, Zero Spread, and Raw accounts offer lower spreads with some featuring per-trade commissions. For example, the Zero Spread account charges a commission of $0.05 per trade, while the Raw account has commissions up to $7 per round turn lot. The flexibility and clarity in account offerings have enabled Exness to secure a 4-star rating and a #35 ranking out of 62 brokers in the commissions and fees category according to ForexBrokers.com.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| 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.
FinecoBank and Exness both offer forex trading, allowing you to trade currencies as contracts for difference (CFDs) or spot contracts. FinecoBank stands out in its variety, providing traders access to an impressive 9,770 tradeable symbols, including 54 forex pairs. In contrast, Exness offers 227 tradeable symbols, yet excels with 96 forex pairs. Additionally, FinecoBank allows clients to buy exchange-traded securities on both U.S. and international exchanges. This means you can directly purchase shares in companies like Apple and Vodafone. Conversely, Exness does not offer the option to buy exchange-traded securities but does cater to those interested in cryptocurrency derivatives.
For those interested in copy trading, Exness presents an advantage with its dedicated feature, which FinecoBank does not offer. However, it's worth noting that neither broker allows the purchase of actual or delivered cryptocurrencies. According to ForexBrokers.com, FinecoBank is highly rated for its range of investments, earning 4.5 stars and ranking 16th out of 62 brokers, whereas Exness scores a bit lower with 3.5 stars and is positioned at 55th. This breadth and depth of investment options make FinecoBank a strong competitor in the arena of investment variety.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 227 |
| Forex Pairs (Total) | 54 | 96 |
| 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 Exness in terms of their trading platforms and tools, both brokers feature proprietary platforms that cater to traders using Windows-based desktop and web-based trading platforms. Exness stands out by offering a free virtual demo account for simulated trading, which is not available with FinecoBank. Additionally, Exness supports MetaTrader 4 and MetaTrader 5, popular platforms for many traders, whereas FinecoBank does not. Copy trading is another area where Exness leads, allowing traders to replicate other traders' strategies, a feature FinecoBank lacks. Both brokers, however, fall short of offering DupliTrade and ZuluTrade integrations.
Charting features present a distinctive comparison: although FinecoBank includes seven drawing tools, Exness provides a more extensive set with 87 drawing tools. Exness also allows trading directly from a stock chart, a functionality absent in FinecoBank. Exness further differentiates its platform with seven fields for watch lists, whereas FinecoBank does not specify its offering in this area. In ratings, both brokers achieve four out of five stars, yet FinecoBank is ranked higher in the ForexBrokers.com Trading Platforms and Tools category, standing at 17th out of 62 brokers, compared to Exness at 26th. Overall, each platform offers unique strengths that may cater to different trading preferences.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 107 |
| Charting - Drawing Tools (Total) | 7 | 87 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and Exness both offer mobile trading apps for iPhone and Android users, allowing traders to stay connected on the go. Both apps provide stock or forex price alerts, supporting timely decision-making. However, neither platform syncs watchlists between the mobile app and online account, a feature some may find limiting. When it comes to technical studies for charting, FinecoBank offers six options, while Exness provides a more extensive toolkit with 35 studies. Unlike FinecoBank, Exness also allows users to draw trendlines, adding versatility for technical analysis. Both apps do let traders switch between various time frames, such as daily, weekly, or intraday charts. However, neither app auto-saves chart annotations.
For those interested in creating watchlists with real-time quotes, Exness has the advantage over FinecoBank, which lacks this feature. Ratings reveal that both apps perform well, each receiving four out of five stars for mobile trading, indicating a satisfactory user experience overall. Regarding rankings, Exness holds the 26th position among 62 brokers according to ForexBrokers.com, while FinecoBank sits at the 42nd spot, suggesting that more users might prefer Exness for mobile trading. Ultimately, the choice between FinecoBank and Exness may hinge on individual needs for technical tools and real-time features.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 35 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
FinecoBank and Exness both provide valuable market research features for traders, but they differ in certain offerings that might influence a trader's choice. FinecoBank stands out by providing forex news from trusted sources like Bloomberg and Reuters. Additionally, FinecoBank offers an economic calendar to keep traders informed about global events, securing a higher rank and a 4-star research rating from ForexBrokers.com. However, FinecoBank does not offer daily market commentary, Trading Central tools, or sentiment-based trading aids, limiting its suite of research capabilities.
In contrast, Exness delivers daily market commentary and excellent forex news sourced from top-tier providers, similar to FinecoBank. It distinguishes itself by providing Trading Central tools and sentiment-based trading tools, enabling traders to gauge market positions more effectively. Despite these offerings, Exness lacks research tools from companies like Autochartist or Acuity Trading. It maintains an economic calendar as well, but some gaps in its features result in a slightly lower 3.5-star research rating and a #41 ranking by ForexBrokers.com. Each broker offers distinct advantages, catering to diverse trading preferences and goals.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by FinecoBank and Exness for newcomers to online trading, there are distinct differences. FinecoBank provides a monthly schedule of webinars to help beginners, though it lacks a collection of past webinars for easy access. Although it doesn't supply a broad set of educational articles or videos specifically on forex or CFDs, FinecoBank does cater to beginner traders with a range of over 10 introductory videos. Additionally, the bank provides an investor dictionary with over 50 investing terms, which can be a helpful aid for new investors.
Exness, on the other hand, excels with its vast library of educational content tailored to forex and CFDs, featuring over 10 educational materials such as articles and videos. However, Exness does not host regular webinars as FinecoBank does, but it compensates for this with a searchable archive of previously recorded webinars, allowing clients to learn at their own convenience. Like FinecoBank, Exness offers over 10 beginner-friendly videos and an investor dictionary with more than 50 terms. Despite FinecoBank's slightly higher overall rating for education, traders might prefer Exness for its broader range of easily accessible learning materials.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| 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 Exness. FinecoBank finished with an overall rank of #25, while Exness finished with an overall rank of #43.
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
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Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 81 |
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While FinecoBank does not provide an option to purchase actual cryptocurrencies or their derivatives, Exness offers the ability to trade cryptocurrency derivatives but not the actual cryptocurrencies themselves.
Comparing online brokers FinecoBank and Exness, FinecoBank supports ACH or SEPA transfers and bank wires for depositing or withdrawing funds, while Exness offers bank wires, Skrill, and Visa or Mastercard, without ACH, SEPA, or PayPal options from either broker.
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 | Exness | |
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| Trust Score | 94 | 81 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Exness Review |
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| Regulation | FinecoBank | Exness | |
|---|---|---|---|
| Trust Score | 94 | 81 | |
| Year Founded | 1999 | 2008 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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) | FinecoBank | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| 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 | Yes |
| Investments | FinecoBank | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 227 | |
| Forex Pairs (Total) | 54 | 96 | |
| 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 | Exness | |
|---|---|---|---|
| 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 | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| 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 | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 107 | |
| Charting - Drawing Tools (Total) | 7 | 87 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Exness | |
|---|---|---|---|
| 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 | 35 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Exness | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Exness | |
|---|---|---|---|
| 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 | Exness | |
|---|---|---|---|
| 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 | Exness Review |
| Overall | FinecoBank | Exness | |
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| Trust Score | 94 | 81 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Exness Review |
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