Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
Both FOREX.com and FinecoBank were established in 1999 and are publicly traded entities. While FOREX.com operates exclusively as an online broker, FinecoBank also functions as a full-fledged bank. In terms of regulatory strength, FOREX.com excels with an impressive seven Tier-1 licenses, which indicates a high level of trust according to ForexBrokers.com. FinecoBank, on the other hand, holds two Tier-1 licenses. Additionally, FOREX.com has one Tier-2 license, whereas FinecoBank does not hold any.
When evaluating overall trustworthiness, FOREX.com receives a top Trust Score of 99 from ForexBrokers.com, placing it in the highest echelon of reliability. FinecoBank follows closely with a score of 94, also signifying a very trusted status. These scores reflect the brokers' commitment to maintaining high regulatory standards and offering secure trading environments for their clients.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of FOREX.com and FinecoBank, both brokers present distinct advantages and drawbacks. FOREX.com, rated 4.5 stars for commissions and fees, is ranked #13 out of 62 brokers by ForexBrokers.com. It offers multiple account types, including the Standard and RAW accounts, with transparent execution statistics. While the Standard account features higher spreads, averaging about 1.4 pips for EUR/USD in the U.S., the RAW account provides lower spreads with a per-trade commission. Active traders can benefit from volume-based rebates and competitive pricing with FOREX.com, though the costs may be comparable to the Standard account without significant trading volume.
FinecoBank, on the other hand, scores 3.5 stars for commissions and fees and is positioned at #50 in the same ranking. It's noteworthy that Fineco does not prominently publish average spread data, creating challenges in gauging its true trading costs. Nevertheless, it lists a spread of 1 pip for EUR/USD, which is higher than the average spread offered by many forex brokers. Although it suggests lower spreads for index CFDs, the lack of detailed and average spread data makes it difficult for traders to precisely estimate costs.
In summary, while FOREX.com offers more transparency and competitive options for active traders, particularly with its RAW account, FinecoBank’s lack of detailed spread information could make cost estimation tricky. Traders prioritizing transparency and competitive spreads might find FOREX.com more appealing, whereas those interested in broader trading instruments might lean towards the diverse offerings of FinecoBank.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investment options offered by FOREX.com and FinecoBank, there are some notable differences. FOREX.com provides its traders with access to 5,500 tradeable symbols, which include 91 forex pairs, and allows forex trading either as a CFD or spot contract. However, FOREX.com does not offer exchange-traded securities on U.S. or international exchanges, which means investors cannot directly buy stocks such as Apple or Vodafone through the platform. Moreover, while FOREX.com offers cryptocurrency derivatives, it lacks the option for purchasing actual cryptocurrencies. Despite these limitations, FOREX.com boasts a 5-star rating for its range of investments and is ranked 7th out of 62 brokers by ForexBrokers.com.
In contrast, FinecoBank offers a broader selection with 9,770 tradeable symbols, including 54 forex pairs, also providing forex trading as a CFD or spot contract. FinecoBank stands out by offering exchange-traded securities on both U.S. and international exchanges, giving traders the opportunity to buy stocks like Apple and Vodafone. However, FinecoBank does not provide the ability to purchase either actual cryptocurrencies or their derivatives. As a result, FinecoBank receives a slightly lower rating of 4.5 stars for its range of investments and ranks 16th in the same category by ForexBrokers.com. Both brokers do not offer copy trading, which may influence the choice depending on investor preferences.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 9770 |
| Forex Pairs (Total) | 91 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | 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 trading platforms and tools, FOREX.com stands out by offering a wide range of options and features that cater to both beginners and experienced traders. One notable advantage is its provision of a free virtual demo account, allowing users to hone their skills with simulated trading. Both FOREX.com and FinecoBank have developed proprietary platforms and offer Windows-based desktop downloads as well as web-based access. However, FOREX.com extends its platform versatility by supporting popular interfaces like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while FinecoBank does not. Furthermore, FOREX.com boasts an impressive 239 drawing tools for charting, compared to FinecoBank's 7, and allows trading directly from stock charts, although FinecoBank lacks this feature.
In terms of watch list functionalities, FOREX.com provides 20 customizable columns to manage and track investments, a feature not specified for FinecoBank. This comprehensive suite of tools and platform capabilities earns FOREX.com a glowing 5-star rating for Trading Platforms and Tools, ranking it #7 out of 62 brokers on ForexBrokers.com. On the other hand, FinecoBank, while still notable with a respectable 4-star rating, ranks #18 in the same category. Despite both platforms lacking copy trading and other community trading features like DupliTrade and ZuluTrade, FOREX.com’s extensive toolset and flexibility give it a competitive edge in delivering a superior trading experience.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 37 |
| Charting - Drawing Tools (Total) | 239 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 20 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between the mobile trading apps of FOREX.com and FinecoBank, both platforms offer iPhone and Android apps, alongside key features like stock or forex price alerts. However, FOREX.com edges ahead with watchlist symbol syncing, allowing seamless updates between mobile and online accounts, a feature FinecoBank lacks. Additionally, FOREX.com shines with an impressive 88 technical studies for charting and the ability to draw trendlines, compared to FinecoBank's more modest offering of six studies and no trendline drawing feature.
FOREX.com's app supports multiple time frame views and auto-saves drawings on charts, features that FinecoBank doesn't fully match, particularly with no auto-save for drawings. For those who value real-time data, FOREX.com provides a dynamic watchlist with real-time quotes, unlike FinecoBank. This comprehensive range of features is reflected in their ratings and rankings – FOREX.com boasts a perfect five-star rating and ranks third among 62 brokers for mobile trading apps, whereas FinecoBank holds a four-star rating and is ranked 42nd. Choosing FOREX.com might be the better option for users seeking a more comprehensive and user-friendly mobile trading experience.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FOREX.com and FinecoBank, several distinctions emerge. FOREX.com provides daily market commentary, setting it apart as an accessible resource for timely insights. Both brokers supply forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, ensuring up-to-date information. However, FOREX.com gains an edge with technical analysis tools from Trading Central and a sentiment-based trading tool that reveals the ratio of long or short positions across various instruments. While both brokers feature an economic calendar for tracking global news events, FOREX.com stands out with its breadth of resources.
In terms of research quality, FOREX.com displays strong performance with a 4.5-star rating, surpassing FinecoBank’s 4-star rating. This advantage is reflected in their respective rankings: FOREX.com is positioned at #9 by ForexBrokers.com for research out of 62 brokers, while FinecoBank is placed at #33. The combination of daily commentary and advanced tools contributes to FOREX.com's higher standing in the market research sphere, making it a more comprehensive choice for traders seeking in-depth analysis.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | 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 comparing the educational resources available for beginners, FOREX.com stands out by offering a comprehensive selection. Beginners can access a wide range of materials thanks to more than 10 educational pieces focused on forex and CFDs. These include articles, videos, and archived webinars. For those who prefer live interaction, FOREX.com also hosts monthly webinars, which are conveniently archived for later viewing, enhancing the learning experience. With over 10 videos specifically crafted for beginners, FOREX.com ensures that traders new to forex have the foundational knowledge needed to succeed. Furthermore, their content extends to advanced topics, providing an opportunity for traders to expand their skills. Along with these resources, FOREX.com includes an investor dictionary with definitions of over 50 investing terms, all contributing to their impressive educational reputation with a rating of 4.5 stars and a rank of #4 out of 62 brokers.
FinecoBank also offers educational resources suited for beginners, such as monthly webinars and a collection of over 10 beginner-specific videos, thus ensuring a solid starting point for new traders. However, it lacks a comprehensive educational library solely dedicated to forex and CFDs, limiting its offerings in this area compared to FOREX.com. Additionally, FinecoBank does not provide a searchable archive of webinars or advanced video content for experienced traders. Despite these limitations, FinecoBank includes an investor dictionary with definitions of at least 50 investing terms. With an educational rating of 4 stars and ranked #49 out of 62 brokers, FinecoBank provides foundational support albeit with fewer resources tailored for progressive learning in forex trading.
| Feature |
FOREX.com
|
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 FOREX.com is better than FinecoBank. FOREX.com finished with an overall rank of #5, while FinecoBank finished with an overall rank of #25.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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While neither FOREX.com nor FinecoBank offers the ability to purchase actual (delivered) cryptocurrency, FOREX.com does provide the option to trade cryptocurrency derivatives, unlike FinecoBank, which does not offer derivatives or actual cryptocurrency trading.
When comparing online brokers FOREX.com and FinecoBank, both offer ACH or SEPA transfers and bank wires for depositing or withdrawing funds, while FOREX.com additionally supports Visa/Mastercard and PayPal transactions unlike FinecoBank, which does not offer PayPal or card payment options.
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 | FOREX.com | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FinecoBank Review |
| Broker Screenshots | FOREX.com | FinecoBank | |
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| Regulation | FOREX.com | FinecoBank | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | 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) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 9770 | |
| Forex Pairs (Total) | 91 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | FOREX.com | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FOREX.com | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 20 | N/A | |
| Charting - Indicators / Studies (Total) | 88 | 37 | |
| Charting - Drawing Tools (Total) | 239 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review | FinecoBank Review |
| Overall | FOREX.com | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FinecoBank Review |
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