Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
When comparing the online broker FxPro and FinecoBank, it's clear they each have a unique profile. Founded in 2006, FxPro is not publicly traded, nor is it a bank. In terms of regulatory credentials, FxPro holds two Tier-1 licenses and one Tier-2 license, placing it in the highly trusted category with a Trust Score of 90 out of 99 according to ForexBrokers.com. This indicates a strong level of trust and security in the online trading environment.
FinecoBank, established in 1999, stands out as a publicly traded bank, providing an added layer of reliability that comes with banking services. It matches FxPro with two Tier-1 licenses and holds an impressive Trust Score of 94 out of 99. This elevated score positions FinecoBank as a more trusted option for those prioritizing stringent regulatory oversight and the security that accompanies being an established financial institution.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Year Founded | 2006 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing the commissions and fees of FxPro and FinecoBank, FxPro stands out with more detailed pricing structures but faces criticism for its higher-than-average costs. FxPro offers traders the choice between variable and fixed spreads on its MT4 platform, with two execution-based pricing options: instant, which avoids slippage but may encounter requotes, and market, which has potential for slippage but no requotes. Notably, the cTrader platform provides FxPro's most competitive spreads, with a commission-based model leading to an effective EUR/USD spread of 1.27 pips. Despite offering floating-rate models on both MT4 and MT5, FxPro's market execution accounts report EUR/USD spreads of 1.58 pips, which is higher than typical market averages. FxPro's Active Trader program offers up to a 30% discount, although it still trails behind similar programs from top competitors.
On the other hand, FinecoBank does not disclose average spread data for forex and CFD trading, making cost assessments challenging. Fineco lists EUR/USD spreads of 1 pip and 0.8 pips, but without specifying whether these are average values or providing a date range, determining the actual trading costs remains vague. While these values seem appealing, they are relatively higher than what many other forex brokers offer. However, Fineco may provide more favorable spreads on its index CFDs, presenting a potential cost advantage in that area despite the lack of transparent data.
When it comes to overall ratings, FxPro is rated 4 out of 5 stars for commissions and fees and is ranked 32nd out of 62 brokers on ForexBrokers.com. Meanwhile, FinecoBank receives a slightly lower rating of 3.5 stars and holds the 50th position in the same category. These rankings reflect each broker's competitive standing in terms of price clarity and cost-effectiveness relative to their peers in the industry. For traders prioritizing lower fees and transparent pricing, these differences are critical in choosing between the two brokers.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FxPro and FinecoBank both offer extensive investment opportunities but differ in their specific offerings. FxPro provides 2,249 tradeable symbols and 70 forex pairs, making it a strong contender for forex enthusiasts. In contrast, FinecoBank offers an impressive 9,770 tradeable symbols, including 54 forex pairs, making it an appealing choice for those seeking a broader range of investment options. While both platforms offer forex trading as CFDs or spot contracts, they diverge when it comes to securities trading. FxPro does not offer the option to buy U.S. exchange-traded securities, whereas FinecoBank includes this feature, allowing investors to purchase shares such as Apple on the NASDAQ.
The choice between FxPro and FinecoBank may also depend on other specific features. For instance, FxPro supports copy trading, which may attract those interested in mirroring the trades of more experienced investors. However, neither broker allows clients to buy actual cryptocurrency, although FxPro offers cryptocurrency derivatives. Despite these differences, both brokers receive high ratings for their range of investments, with FinecoBank slightly edging ahead with a 4.5-star rating compared to FxPro's 4 stars. In rankings by ForexBrokers.com, FinecoBank stands at #16, reflecting its comprehensive offerings, while FxPro ranks at #28, still proud but with room for expansion in certain areas.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 9770 |
| Forex Pairs (Total) | 70 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | 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 the trading platforms and tools offered by FxPro and FinecoBank, both brokers provide a strong selection for their users, yet each has unique offerings. FxPro shines by offering a virtual demo account that allows users to simulate trading strategies without financial risk, while FinecoBank does not offer this feature. Both brokers have proprietary platforms for their clients, and each provides the convenience of a Windows-based desktop platform along with a web-based trading option. However, FxPro edges ahead with support for popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are not available with FinecoBank. Furthermore, FxPro offers the ability for copy trading, a feature that FinecoBank does not support.
In terms of charting capabilities, FxPro provides an edge with 25 drawing tools compared to the 7 offered by FinecoBank. Also, FxPro allows trades to be placed directly from stock charts, a feature unavailable at FinecoBank. When looking at watchlist options, FxPro offers 6 customizable fields to track various metrics effectively. Despite these differences, both brokers receive a solid rating of 4 stars for their trading platforms and tools. Rankings by ForexBrokers.com place FxPro at 19th and FinecoBank closely above at 18th out of 62 brokers, indicating a competitive standing in the offerings for each platform.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 53 | 37 |
| Charting - Drawing Tools (Total) | 25 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FxPro and FinecoBank offer mobile trading apps compatible with iPhone and Android devices, making them accessible for traders on the go. Both apps provide essential features like stock and forex price alerts and the ability to view various time frames for stock or forex charts. However, the FxPro app goes a step further. It syncs watchlist symbols with the client's online account, ensuring seamless management between devices, while FinecoBank's app doesn't offer this convenience. Additionally, FxPro provides significantly more technical studies with 65 options compared to FinecoBank's 6, allowing for more complex analysis.
FxPro's app also allows users to draw and auto-save trendlines on charts, a feature not available in FinecoBank's app. Traders can create watchlists with real-time quotes on FxPro, which FinecoBank doesn’t support. This comprehensive suite of features reflects in FxPro’s higher rating of 4.5 stars compared to FinecoBank’s 4 stars. Furthermore, FxPro ranks #15 out of 62 brokers for Mobile Trading Apps on ForexBrokers.com, showcasing its strength in this area, while FinecoBank holds the #42 position.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 FxPro and FinecoBank for market research, FxPro stands out with its daily market commentary, providing traders with regular insights into market trends. While both brokers offer forex news from reputable sources like Bloomberg and Reuters, FxPro distinguishes itself with the inclusion of Trading Central's technical analysis tools and a sentiment-based trading tool, helping traders make informed decisions by analyzing the ratio of long and short positions. FinecoBank, on the other hand, does not offer these tools, potentially limiting the depth of research capabilities available to its users.
Both FxPro and FinecoBank provide their clients access to economic calendars, crucial for tracking global news events that can impact market conditions. Despite the differences in research tools, both brokers achieve a commendable rating of four stars for their research capabilities. However, in a ranking by ForexBrokers.com, FxPro takes a slightly higher position at #27 out of 62 brokers, compared to FinecoBank's #33. This positioning suggests FxPro might offer a slight edge in the research category for those who prioritize comprehensive market insights.
| Feature |
FxPro
|
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 it comes to educational resources for beginners, FxPro and FinecoBank both offer unique strengths, making them appealing for new traders. FxPro provides a wealth of materials, with at least 10 educational pieces focusing on forex or CFDs. They also have a comprehensive library of past webinars that can be accessed anytime, catering to those who prefer learning at their own pace. Additionally, FxPro offers a collection of over 10 beginner-friendly videos that cover key trading topics and an extensive investor dictionary that breaks down over 50 basic investing terms, making it easier for newcomers to get familiar with the market jargon.
FinecoBank, on the other hand, excels in hosting regular monthly live webinars, providing a more interactive learning experience for beginners. Their beginner video collection is just as impressive, offering more than 10 videos geared towards new traders. Like FxPro, they also offer an investor dictionary to help beginners understand essential investing terms. Despite these resources, FinecoBank lacks a searchable archive of recorded webinars and a dedicated series for advanced trading topics, which may limit learning opportunities for users seeking comprehensive educational development. Both brokers are rated equally for education with four stars, but FxPro holds a higher ranking at #17 compared to FinecoBank's position at #49, according to ForexBrokers.com.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | No |
| 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 FxPro is better than FinecoBank. FxPro finished with an overall rank of #21, while FinecoBank finished with an overall rank of #25.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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FinecoBank
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| Overall Rating |
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| Trust Score | 90 | 94 |
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FxPro allows for the purchase of cryptocurrency derivatives, unlike FinecoBank, which does not offer options for buying actual or derivative cryptocurrencies.
FxPro and FinecoBank both offer flexible banking options such as ACH and SEPA transfers and bank wires for account deposits and withdrawals, while FxPro also supports PayPal, Skrill, and Visa or Mastercard options, which are not available with FinecoBank.
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 | FxPro | FinecoBank | |
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| Trust Score | 90 | 94 | |
| Winner | check_circle | ||
| Review | FxPro Review | FinecoBank Review |
| Broker Screenshots | FxPro | FinecoBank | |
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| Regulation | FxPro | FinecoBank | |
|---|---|---|---|
| Trust Score | 90 | 94 | |
| Year Founded | 2006 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FxPro | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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) | FxPro | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 9770 | |
| Forex Pairs (Total) | 70 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | 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 | FxPro | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | FxPro | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FxPro | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 53 | 37 | |
| Charting - Drawing Tools (Total) | 25 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | 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 | 65 | 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 | FxPro | 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 | FxPro | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | 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 | FxPro Review | FinecoBank Review |
| Overall | FxPro | FinecoBank | |
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| Trust Score | 90 | 94 | |
| Winner | check_circle | ||
| Review | FxPro Review | FinecoBank Review |
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