Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Forex4you, 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, established in 1999, stands out as a highly trusted online broker, holding a ForexBrokers.com Trust Score of 94 out of 99. As a publicly traded bank, it possesses two Tier-1 licenses, reflecting its reliability and solid regulatory standing. In contrast, Forex4you, founded in 2007, is not publicly traded and operates without any Tier-1 or Tier-2 licenses. This broker has a Trust Score of 61, indicating a high-risk rating according to ForexBrokers.com.
When comparing the two, FinecoBank's status as a licensed bank and its strong regulatory approvals provide a higher level of trust and credibility in the financial industry. On the other hand, Forex4you's lack of similar licenses and its lower Trust Score might raise concerns for those prioritizing regulatory assurance in their choice of an online broker.
| Feature |
FinecoBank
|
Forex4you
|
|---|---|---|
| Year Founded | 1999 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
FinecoBank and Forex4you both present challenges when evaluating their commissions and fees, as neither broker makes average spread data readily available. FinecoBank lists a fixed spread of 1 pip for the EUR/USD currency pair, which is generally higher than what many forex brokers offer. Although they also mention a spread of 0.8 pips, there are no details on whether these figures are averages or the specific time periods they apply to. Interestingly, FinecoBank seems to offer more competitive spreads on index CFDs, which may appeal to traders focusing on these instruments.
Similarly, Forex4you does not provide average spread data, leaving potential clients with limited information when considering trading costs. This lack of transparency makes it harder for traders to gauge the real expense associated with trading at Forex4you. Despite this, both FinecoBank and Forex4you have earned a similar rating, reflecting their comparable levels of service in terms of commissions and fees.
In terms of ratings, both FinecoBank and Forex4you receive a score of 3.5 out of 5 stars for their commissions and fees. However, when ranked among 62 brokers by ForexBrokers.com, FinecoBank is placed slightly higher at #50 compared to Forex4you's position at #53. This ranking suggests that while both brokers have room for improvement, FinecoBank slightly edges out Forex4you according to industry assessments.
| Feature |
FinecoBank
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| 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 Forex4you both offer forex trading, providing traders with a choice of CFDs or spot contracts. FinecoBank boasts an impressive range of 9,770 tradeable symbols, including 54 forex pairs, giving it a comprehensive selection for investors. In contrast, Forex4you provides access to 150 tradeable symbols with 43 forex pairs, which may meet the needs of less diverse trading strategies. Furthermore, FinecoBank allows clients to purchase exchange-traded securities on both U.S. and international markets, enabling investments in well-known companies like Apple and Vodafone. Meanwhile, Forex4you does not offer direct access to exchange-traded securities on these markets.
When it comes to additional features and offerings, Forex4you stands out for its copy trading services, facilitating social trading among its clients. The platform also provides cryptocurrency derivatives, although FinecoBank does not currently offer cryptocurrency investments, be it actual currencies or derivatives. Despite Forex4you's unique offerings, FinecoBank scores higher in the range of investments category, receiving a 4.5-star rating compared to Forex4you's 3.5 stars. Overall, FinecoBank ranks 16th out of 62 brokers in this category, while Forex4you is positioned at 58th, indicating FinecoBank's broader appeal for diverse investment options.
| Feature |
FinecoBank
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 150 |
| Forex Pairs (Total) | 54 | 43 |
| 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 the trading platforms and tools of FinecoBank and Forex4you, both brokers provide traders with proprietary platforms, along with Windows-based desktop downloads and web-based alternatives. Forex4you stands out by offering a virtual demo account for traders interested in simulated trading, while FinecoBank does not. In addition, Forex4you supports the popular MetaTrader 4 and MetaTrader 5 platforms, appealing to traders who prefer these established tools. FinecoBank does not offer this feature, focusing solely on its proprietary platform.
Forex4you further enhances its appeal by providing copy trading and the ability to trade directly from a stock chart, features absent from FinecoBank's offerings. With 15 drawing tools available for charting compared to FinecoBank's 7, Forex4you provides more options for technical analysis. Moreover, Forex4you offers 7 columns for watch lists, while this information is unavailable for FinecoBank. Despite these differences, both brokers achieve a similar rating of 4 stars for their trading platforms and tools. FinecoBank is ranked higher at #18 out of 62 brokers in this category, while Forex4you holds the #52 position, according to ForexBrokers.com.
| Feature |
FinecoBank
|
Forex4you
|
|---|---|---|
| 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 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FinecoBank and Forex4you, both brokers offer apps compatible with iPhone and Android devices. Both apps also provide stock or forex price alerts, allowing traders to stay updated on market movements. However, neither FinecoBank nor Forex4you supports watchlist symbol syncing, which means changes made to the watchlists on the mobile app do not automatically update on other platforms. In terms of technical features, FinecoBank provides six technical studies for charting, whereas Forex4you offers a more extensive selection with 30 technical studies, giving traders a broader analytical toolkit.
Forex4you stands out with its capability to draw trendlines on charts which FinecoBank does not offer. Additionally, Forex4you's app automatically saves chart drawings and allows the creation of watchlists with real-time quotes, while FinecoBank lacks these features. Both apps enable viewing of multiple timeframes on charts. Despite the differences, each broker's app holds a 4-star rating for mobile trading. FinecoBank ranks higher in overall mobile app performance at #42 compared to Forex4you's #50, according to ForexBrokers.com.
| Feature |
FinecoBank
|
Forex4you
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research features, FinecoBank and Forex4you offer various tools but differ in some key areas. FinecoBank stands out with its access to forex news from top-tier sources such as Bloomberg and Reuters, providing users with credible and reliable information. Additionally, FinecoBank offers an economic calendar to keep traders informed about global news events. However, for those looking for daily market commentary or specialized tools like technical analysis from Autochartist or Trading Central, FinecoBank might fall short, as it does not provide these features.
In contrast, Forex4you excels by offering not only daily market commentary but also technical analysis and fundamental research tools from renowned companies like Autochartist and Trading Central. This makes Forex4you a suitable choice for traders who heavily rely on technical insights. While both brokers offer forex news from top sources and an economic calendar, Forex4you lacks other sentiment-based trading tools and market research from companies like TipRanks and Acuity Trading. In terms of ratings, FinecoBank earns a higher research rating with 4 stars and ranks higher at 33rd, compared to Forex4you's 3.5-star rating and 47th rank, suggesting a stronger offering overall in the research category.
| Feature |
FinecoBank
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | 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 support for new traders, FinecoBank and Forex4you each have their strengths. FinecoBank shines with its monthly educational webinars and a comprehensive collection of beginner-focused trading videos, ideal for those just starting out. Additionally, its detailed investor dictionary is a great resource for anyone looking to familiarize themselves with key investing terms. However, FinecoBank falls short in providing a large number of educational articles or a searchable archive of past webinars, which might limit the flexibility for those who prefer learning at their own pace.
On the other hand, Forex4you excels in offering a variety of educational articles, videos, and archived webinars, making it a solid choice for those who wish to delve into forex or CFD trading. Although it lacks the frequency of live webinars provided by FinecoBank and doesn’t have an extensive set of videos tailored specifically for beginners, the availability of a searchable webinar archive means you can revisit previous sessions easily. Despite these differences, both platforms hold a respectable standing in educational resources, with FinecoBank rated slightly higher, though Forex4you ranks higher in terms of overall broker evaluations.
| Feature |
FinecoBank
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 Forex4you. FinecoBank finished with an overall rank of #25, while Forex4you finished with an overall rank of #55.
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
|
Forex4you
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 61 |
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While neither FinecoBank nor Forex4you offer the ability to buy actual delivered cryptocurrency, Forex4you provides the option to trade cryptocurrency derivatives, whereas FinecoBank does not offer cryptocurrency derivatives.
FinecoBank allows deposits and withdrawals through ACH/SEPA transfers and bank wires, while Forex4you provides options for Skrill, Visa, Mastercard, and bank wires, but does not support ACH/SEPA transfers or PayPal for 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 | FinecoBank | Forex4you | |
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| Trust Score | 94 | 61 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | Forex4you | |
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| Regulation | FinecoBank | Forex4you | |
|---|---|---|---|
| Trust Score | 94 | 61 | |
| Year Founded | 1999 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Forex4you | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FinecoBank | Forex4you | |
|---|---|---|---|
| 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 | FinecoBank | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 150 | |
| Forex Pairs (Total) | 54 | 43 | |
| 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 | Forex4you | |
|---|---|---|---|
| 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 | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Forex4you | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FinecoBank | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | FinecoBank Review |
| Overall | FinecoBank | Forex4you | |
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| Trust Score | 94 | 61 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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