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 and Exness regarding their commissions and fees, it becomes clear that FinecoBank's offerings can be somewhat ambiguous. FinecoBank does not disclose average spread data for forex and CFD trading, making it difficult for traders to gauge their actual trading costs. The broker lists a spread of 1 pip for EUR/USD, which, even as a non-average value, is higher than typically offered by other brokers. Additionally, FinecoBank mentions a spread of 0.8 pips but fails to specify if these are average values or provide a corresponding date range. On the other hand, FinecoBank does appear to offer more competitive spreads on its index CFDs. Despite its opacity in certain areas, FinecoBank has been given a rating of 3.5 stars and is ranked #50 out of 62 brokers for commissions and fees by ForexBrokers.com.
Exness, in contrast, provides a more transparent and varied selection of account types tailored to different trading needs, resulting in potential cost savings depending on the chosen account. The broker offers five primary account types: two standard accounts and three professional accounts, each with differing trading costs based on their features. For instance, the Standard Cent and Standard accounts come with higher spreads but no commission fees, while the Pro account offers the flexibility of both instant and market execution with lower spreads. Exness also offers the Zero Spread account, which includes a commission of $0.05 per trade and the Raw account which charges up to $7 per round turn lot, both providing market execution and no restrictions on leverage or stop-out levels. Exness has garnered a 4-star rating and is ranked #38 among 62 brokers for commissions and fees by ForexBrokers.com.
In summary, Exness tends to provide a more detailed and structured approach to commissions and fees, appealing to traders seeking transparency and customizable trading conditions. FinecoBank, while offering potentially attractive spreads on index CFDs, falls short in providing clear cost metrics for forex and CFD trading. Both brokers have their unique strengths tailored to different trader preferences, with Exness slightly edging over FinecoBank in overall ratings and rankings 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 are both reputable online brokers offering forex trading through CFDs or spot contracts. FinecoBank stands out with a wide selection of 9,770 tradeable symbols and provides 54 forex pairs. In comparison, Exness offers a more focused choice with 227 tradeable symbols, but it beats FinecoBank in forex pairs with 96 available. For those interested in direct investments in U.S. or international exchange-traded securities, FinecoBank offers this option, allowing clients to purchase shares like Apple on the NASDAQ or Vodafone on the London Stock Exchange. Exness, on the other hand, does not provide direct access to such exchange-traded securities.
When it comes to cryptocurrency offerings, neither broker provides the ability to purchase actual cryptocurrencies; however, Exness does offer crypto derivatives for those keen on venturing into digital assets. Additionally, Exness offers copy trading, enabling users to mimic the trades of successful investors, whereas FinecoBank does not. Based on ForexBrokers.com ratings, FinecoBank earns 4.5 stars for its range of investments, ranking 16th out of 62 brokers, while Exness receives 3.5 stars, standing in 56th place. This comparison highlights FinecoBank's extensive range of options for diversifying investments, while Exness provides unique features like copy trading and crypto derivatives for specific trading strategies.
| 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 to Exness for trading platforms and tools, both offer unique strengths tailored to different types of traders. FinecoBank provides a proprietary platform for Windows desktops and web browsers but does not offer a simulated trading environment like a free virtual demo account. In contrast, Exness not only provides a proprietary platform but also extends features such as copy trading and compatibility with popular platforms like MetaTrader 4 and MetaTrader 5. These additions make Exness more flexible for traders who enjoy using these tools, alongside a simulated trading environment to practice strategies without financial risk.
Exness excels in offering a wide range of technical trading tools with 87 drawing tools available for charting and the ability to execute trades directly from stock charts. Additionally, their watch lists offer 7 columns for personalized data tracking. FinecoBank, on the other hand, provides fewer drawing tools and lacks direct stock chart trading capabilities and the ability to create custom watch lists. Despite these differences, both platforms are rated 4 out of 5 stars for their trading platforms and tools, with FinecoBank holding a higher ranking in the Trading Platforms and Tools category by ForexBrokers.com, coming in at #18, compared to Exness at #31.
| 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.
Both FinecoBank and Exness offer mobile trading apps compatible with iPhone and Android devices, providing users with the flexibility to engage in trading on the go. Each app supports stock or forex price alerts, helping traders stay informed of market changes. However, neither platform offers watchlist symbol syncing, which might affect users who switch frequently between mobile and desktop platforms. When it comes to charting tools, Exness stands out with its offering of 35 technical studies, whereas FinecoBank provides only six. Additionally, Exness allows users to draw trendlines on charts, a feature absent in the FinecoBank app. Both apps support viewing multiple time frames on charts, catering to traders’ diverse analysis needs.
Exness excels in offering real-time quotes with watchlists, which is not a feature of the FinecoBank app. Despite these differences, both applications have secured a solid four-star rating for Mobile Trading Apps. In terms of rankings, Exness holds a higher position, ranking #32 out of 62 brokers according to ForexBrokers.com, while FinecoBank ranks at #42. Whether you prioritize technical analysis features or real-time data, understanding how these apps differ can help you make the right choice for your trading strategy.
| 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 #41.
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
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|---|---|---|
| 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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