Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs IFC Markets, 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 in the online brokerage world with its high Trust Score of 94 out of 99, reflecting its solid reputation in finance. As a publicly traded bank, FinecoBank holds two Tier-1 licenses, highlighting its status as a highly trusted entity. These licenses offer assurance to traders and investors, signifying strict oversight and adherence to top regulatory standards. This foundation contributes to FinecoBank maintaining a credible and secure trading environment for its users.
In contrast, IFC Markets, founded in 2006, holds a Trust Score of 73, indicating an average risk level. As a non-publicly traded brokerage that isn’t classified as a bank, IFC Markets carries no Tier-1 licenses but does have one Tier-2 license, showing some degree of trusted brokerage operations. While it may appeal to certain traders, its regulatory stance and trust rating suggest a more cautious approach may be needed when engaging with this platform.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Year Founded | 1999 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
FinecoBank and IFC Markets are two online brokers with differing standings in terms of commissions and fees. FinecoBank does not provide detailed average spread data for forex and CFD trading, which can make evaluating its trading costs a bit challenging. While Fineco lists a spread of 1 pip for the EUR/USD, this is notably higher than the average spread offered by many forex brokers. Another listed spread is 0.8 pips, although these figures are not cited as average values and lack a specified date range. However, FinecoBank might offer more competitive spreads on its index CFDs. In terms of ratings, FinecoBank scores 3.5 out of 5 stars for its commissions and fees, placing it at #50 out of 62 brokers evaluated by ForexBrokers.com.
Similarly, IFC Markets does not make average spread data available, which also introduces some ambiguity in assessing their trading costs straightforwardly. Despite this lack of detailed spread information, IFC Markets boasts a higher rating of 4 out of 5 stars for its commissions and fees. This rating positions them more favorably at #39 out of 62 brokers according to ForexBrokers.com.
In summary, while both brokers hold some uncertainties regarding their spread data, IFC Markets edges out FinecoBank with higher ratings and rankings for their commission and fee structures. This comparison highlights the importance for traders to consider available data and rankings when deciding on an online broker that best fits their trading needs.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $0 | $1 |
| Average Spread EUR/USD - Standard | N/A | 1.44 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| 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 and IFC Markets both cater to investors seeking diverse trading options, but they differ significantly in the breadth of their offerings. FinecoBank stands out with an impressive lineup of 9,770 tradeable symbols, including 54 forex pairs. It also provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase stocks such as Apple and Vodafone directly. On the other hand, IFC Markets offers a limited selection of 630 tradeable symbols with 49 forex pairs, and while it provides access to international exchange-traded securities like Vodafone, it does not offer the option to buy U.S. exchange-listed stocks directly.
Another notable difference is in the area of advanced trading features. IFC Markets offers the opportunity for copy trading, appealing to those who wish to mimic the trades of seasoned investors, whereas FinecoBank does not provide this feature. Additionally, IFC Markets allows its clients to trade cryptocurrency derivatives, unlike FinecoBank, which offers neither direct cryptocurrency trading nor derivatives. These differences in product offerings and trading features reflect in their ratings; FinecoBank achieves a commendable 4.5 out of 5 stars for its range of investments, ranking 16th out of 62 brokers, while IFC Markets holds a 3.5-star rating, positioned at 43rd in the same category.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 630 |
| Forex Pairs (Total) | 54 | 49 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
FinecoBank and IFC Markets both present traders with valuable options through their trading platforms and tools, each bringing unique offerings to the table. FinecoBank provides its users with a proprietary trading platform available as a Windows-based desktop application and web-based platform. However, it falls short with specific trading features, such as a demo account for simulated trading and copy trading options. While it does not support well-known platforms like MetaTrader 4 or 5, FinecoBank is well-regarded, earning a 4-star rating for its trading technology. Although lacking some innovative features for interactive trading, it has secured the 18th spot in a ranking of 62 brokers by ForexBrokers.com.
IFC Markets, on the other hand, extends more versatility with its trading tools. The broker provides a proprietary platform and supports popular software such as MetaTrader 4 and 5, significant for traders who prefer well-established systems. Users can enjoy the benefits of a Windows-based and web-based platform, along with a free virtual demo account for paper trading. Additionally, IFC Markets offers copy trading and the ability to trade directly from stock charts. Although it offers more comprehensive charting tools and seven fields for watch lists, IFC Markets has a similar 4-star rating for its platforms and tools, yet it ranks lower at the 36th position according to ForexBrokers.com.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| 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.
FinecoBank and IFC Markets both offer mobile apps for iPhone and Android users, making trading accessible from a wide range of devices. Both apps provide users with essential features like stock and forex price alerts and the ability to view charts in various timeframes. However, when it comes to other functionalities, there are some differences to consider.
IFC Markets stands out with its capability to sync watchlist symbols between the app and the online account, making it easier for users to track their chosen stocks. It also provides a broader range of technical studies, with 30 options compared to FinecoBank's six, and includes handy features like the ability to draw trendlines on charts and auto-save drawings. Additionally, users can create watchlists with real-time quotes in the IFC Markets app. Despite these differences, both brokers receive solid four-star ratings for their mobile trading apps, with FinecoBank ranked a bit higher at #42 compared to IFC Markets' #52 in the ForexBrokers.com rankings.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| 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.
When comparing the market research capabilities of FinecoBank and IFC Markets, both brokers offer noteworthy features, though their strengths differ. FinecoBank provides forex news from top-tier sources like Bloomberg and Reuters, ensuring that clients receive timely and reliable financial information. However, it lacks daily market commentary and specialized tools from Autochartist or Trading Central. Despite these gaps, FinecoBank impresses with a 4-star rating for research and is ranked 33rd out of 62 brokers, thanks in part to its comprehensive economic calendar that displays critical global events.
On the other hand, IFC Markets stands out by offering daily market commentary and a sentiment-based trading tool, which provides insight into the market’s long and short positions. It, however, does not deliver forex news from esteemed sources such as Bloomberg, nor does it feature research tools from Autochartist or Trading Central, much like FinecoBank. While IFC Markets also offers an economic calendar, its research capabilities are rated slightly lower at 3.5 stars, placing it 40th among its peers. Overall, both brokers offer unique advantages, catering to different trader needs in the realm of market research.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| 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 resources offered by FinecoBank and IFC Markets, both brokers provide a range of materials aimed at helping beginners with their trading journey. FinecoBank offers online webinars monthly which can be a great interactive platform for clients to learn. In addition, they provide more than 10 beginner-oriented videos, ensuring a structured learning path. They also bolster their educational offering with a comprehensive investor dictionary that defines over 50 investing terms, catering well to those new to trading. Despite these offerings, FinecoBank does not provide a significant number of educational pieces focused on forex or CFDs, nor do they maintain a searchable archive of past webinars. Overall, FinecoBank is rated 4 stars out of 5 for education by ForexBrokers.com and is ranked 49th out of 62 brokers in this category.
IFC Markets, on the other hand, provides an extensive educational catalogue with over 10 videos tailored for both beginners and advanced traders, giving learners at different stages a chance to broaden their knowledge. While they do not host live educational webinars monthly or offer an archive of recorded sessions, their focus on creating a detailed collection of forex and CFDs resources stands out, offering novices ample content to start with. Like FinecoBank, they also offer a dictionary with more than 50 investing terms to aid learners. IFC Markets has been rated 3.5 stars out of 5 for education by ForexBrokers.com, and they are positioned at 30th out of 62 brokers for their educational services, showing a solid focus on structured learning offerings.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 IFC Markets. FinecoBank finished with an overall rank of #25, while IFC Markets finished with an overall rank of #45.
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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IFC Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 73 |
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In comparing FinecoBank and IFC Markets, it is notable that while neither platform enables the purchase of actual cryptocurrency, IFC Markets distinguishes itself by offering the option to trade cryptocurrency derivatives, a feature that FinecoBank does not provide.
FinecoBank and IFC Markets both support bank wire transfers for deposits and withdrawals, but FinecoBank uniquely offers ACH or SEPA transfers, while neither provides PayPal or Skrill as options; however, IFC Markets stands out by accommodating Visa and Mastercard transactions, unlike 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 | FinecoBank | IFC Markets | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | IFC Markets | |
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| Regulation | FinecoBank | IFC Markets | |
|---|---|---|---|
| Trust Score | 94 | 73 | |
| Year Founded | 1999 | 2006 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 630 | |
| Forex Pairs (Total) | 54 | 49 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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). |
| Cost | FinecoBank | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $1 | |
| 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 | No |
| Trading Platforms | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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