Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs FXGT.com, 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 FXGT.com are distinct in their regulatory stature and history. Incorporated in 1999, FinecoBank stands out as a well-established player that is publicly traded and operates as a bank, which underscores its credibility. It holds two Tier-1 licenses, highly recommended by ForexBrokers.com, and carries an impressive Trust Score of 94. This rating signifies a high level of trust and reliability in the financial market.
In contrast, FXGT.com, founded in 2019, is not publicly traded and does not function as a bank. The company has one Tier-1 license and one Tier-2 license, which are viewed with moderate trust. It bears a Trust Score of 69, indicating a higher risk profile compared to FinecoBank. Understanding these differences can help investors select a broker that aligns with their risk tolerance and trust expectations.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees of FinecoBank and FXGT.com, both brokers present some challenges due to limited available data on average spreads. FinecoBank, for instance, provides spread figures for EUR/USD at 1 pip, and sometimes lists it as 0.8 pips. However, these figures are not clearly stated as averages, nor are specific date ranges provided. This makes it difficult for traders to gauge the potential costs associated with forex and CFD trading on their platform, although they seem to offer more competitive spreads on their index CFDs.
On the other hand, FXGT.com shares even less information as it does not publish average spread data. This lack of transparency in both brokerages can create uncertainty for potential traders trying to calculate their trading expenses accurately. Consequently, it may be challenging to make direct cost comparisons without more comprehensive data from both firms.
FinecoBank and FXGT.com are each rated 3.5 out of 5 stars for their commissions and fees. This rating reflects the difficulties posed by their opaque pricing structures. In the ForexBrokers.com rankings, FinecoBank is positioned at #50, while FXGT.com is slightly further down the list at #55 out of 62 brokers evaluated in the Commissions and Fees category. This suggests that while both brokers share similarities in cost transparency, FinecoBank slightly edges out FXGT.com in the current assessment.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank stands out for its extensive range of investment options, offering a staggering 9,770 tradeable symbols, including 54 forex pairs. In contrast, FXGT.com provides a more limited selection with 117 tradeable symbols and 53 forex pairs. FinecoBank also enables clients to invest directly in exchange-traded securities on both U.S. and international markets, allowing for diverse portfolio building with stocks like Apple and Vodafone. FXGT.com lacks this feature, as it does not offer direct investment in exchange-traded securities.
When it comes to features like copy trading, FXGT.com offers an advantage with its availability, unlike FinecoBank, which does not support this feature. However, for cryptocurrency options, both platforms do not facilitate the purchase of actual cryptocurrencies. FXGT.com does allow trading in cryptocurrency derivatives, providing an additional investment avenue. Overall, FinecoBank receives a higher 4.5-star rating for its investment range, ranking 16th among 62 brokers, while FXGT.com garners 3 stars, ranking 60th in the same category.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 117 |
| Forex Pairs (Total) | 54 | 53 |
| 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 FXGT.com, each broker offers unique features on their trading platforms that appeal to different types of traders. FinecoBank stands out with its proprietary platform, providing a tailored experience for users through a Windows-based desktop download and a web-based option. However, it does not support simulated trading with a demo account or popular platforms like MetaTrader 4 and 5. Despite this, FinecoBank is well-regarded, earning a solid rating for its trading platforms and tools, and is ranked #18 by ForexBrokers.com out of 62 brokers in this category.
On the other hand, FXGT.com provides a more diverse platform choice with the availability of both MetaTrader 4 and 5, in addition to offering simulated trading through a free virtual demo account, which is ideal for beginners. FXGT.com supports more advanced trading techniques such as copy trading and allows users to trade directly from stock charts, thanks to its extensive range of 23 drawing tools for charting. While FXGT.com is rated similarly to FinecoBank, it ranks lower at #56 for trading platforms and tools on ForexBrokers.com. Traders seeking versatility with preferred third-party platforms might find FXGT.com's offerings appealing.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| 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 | 37 |
| Charting - Drawing Tools (Total) | 7 | 23 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and FXGT.com both provide mobile trading apps for iPhone and Android users, appealing to traders who want to manage investments on the go. They each offer stock and forex price alerts and the flexibility to view multiple time frames on charts. However, FXGT.com sets itself apart with watchlist symbol syncing, allowing changes made on a mobile device to appear across all platforms, while FinecoBank lacks this feature.
When it comes to technical capabilities, FXGT.com leads with 30 technical studies available for charting compared to FinecoBank's 6. Additionally, FXGT.com supports trendline drawing and auto-saves these drawings on charts, which FinecoBank does not. FXGT.com's app also allows the creation of watchlists with real-time quotes, unlike its competitor. Despite these functionalities, FinecoBank has a higher mobile app rating of 4 stars and ranks #42 out of 62 brokers, compared to FXGT.com's 3.5-star rating and #58 ranking. Overall, while FinecoBank is favored slightly for user satisfaction, FXGT.com provides more extensive trading tools for detailed analysis.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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.
FinecoBank and FXGT.com both offer traders valuable tools, though they differ significantly in their research offerings. FinecoBank stands out by providing high-quality forex news from renowned sources like Bloomberg, Reuters, and Dow Jones. Both FinecoBank and FXGT.com feature economic calendars that cover key global news events, ensuring traders never miss important updates. However, FXGT.com differentiates itself by offering a sentiment-based trading tool, giving traders insight into market trends through the ratio of long or short positions.
Despite lacking tools from Autochartist and Trading Central, both brokers maintain their competitive edge in slightly different ways. FinecoBank garners a higher research rating with four out of five stars, earning a #33 ranking out of 62 brokers by ForexBrokers.com. FXGT.com, meanwhile, is rated with three stars and holds the #56 position. These rankings reflect FinecoBank’s stronger emphasis on quality news sources compared to FXGT.com’s unique sentiment tool.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| 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 offerings of FinecoBank and FXGT.com for beginners in trading, FinecoBank offers more resources tailored to new traders. FinecoBank provides online educational webinars regularly, which are essential for clients eager to learn about forex and CFD trading. Additionally, they have more than ten educational videos aimed specifically at beginners, making it easier for novice traders to grasp the essentials of the market. On the other hand, FXGT.com does not host regular educational webinars nor do they have a collection of beginner-oriented videos at this scale.
Both brokers provide an investor dictionary that defines over 50 investment terms, a useful tool for anyone new to the trading world. Despite their educational efforts, neither FinecoBank nor FXGT.com offers a large collection of educational pieces like articles, videos, or archived webinars focused on forex and CFDs. In ratings, FinecoBank garners four stars for its educational resources, standing at #49 in the education category among 62 brokers, whereas FXGT.com earns three stars and ranks #59. For beginners seeking to build foundational knowledge, FinecoBank might present a more advantageous platform due to its range of beginner-friendly content and monthly webinars.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXGT.com. FinecoBank finished with an overall rank of #25, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 69 |
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FinecoBank does not offer the ability to buy either actual delivered cryptocurrency or cryptocurrency derivatives, while FXGT.com provides the option to purchase cryptocurrency derivatives, although not actual delivered cryptocurrency.
Both FinecoBank and FXGT.com provide ACH or SEPA transfers and bank wires for depositing or withdrawing funds, but only FXGT.com supports Visa or Mastercard transactions, while neither broker offers PayPal or Skrill as 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 | FinecoBank | FXGT.com | |
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| Trust Score | 94 | 69 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | FXGT.com | |
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| Regulation | FinecoBank | FXGT.com | |
|---|---|---|---|
| Trust Score | 94 | 69 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | FXGT.com | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | FinecoBank | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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 | No |
| Investments | FinecoBank | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 117 | |
| Forex Pairs (Total) | 54 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 5 | |
| Charting - Indicators / Studies (Total) | 37 | 37 | |
| Charting - Drawing Tools (Total) | 7 | 23 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | FXGT.com | |
|---|---|---|---|
| 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 |
| Overall | FinecoBank | FXGT.com | |
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| Trust Score | 94 | 69 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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