Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs IronFX, 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.
Founded in 1999, FinecoBank stands as both a bank and a publicly traded company, reflecting its established presence in the financial market. It holds two Tier-1 licenses, contributing to a high Trust Score of 94 from ForexBrokers.com, categorizing it as highly trusted. As a longstanding financial institution, FinecoBank offers customers the reassurance of being governed by stringent regulatory standards.
IronFX, on the other hand, was founded in 2010 and operates exclusively as an online broker without a public listing on a stock exchange. Despite not being a bank, IronFX holds three Tier-1 licenses, achieving a Trust Score of 83. This places it in the trusted category according to ForexBrokers.com. Clients looking to trade with IronFX can be assured of its solid regulatory framework aimed at fostering trust and transparency.
| Feature |
FinecoBank
|
IronFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to comparing online brokers FinecoBank and IronFX on the basis of commissions and fees, both have distinctive features that may appeal to different types of investors. FinecoBank does not publish average spread data for forex and CFD trading, which makes it challenging to comprehensively evaluate its trading costs. They list a spread of 1 pip for the EUR/USD, which is higher than what most forex brokers typically offer. Additionally, FinecoBank lists a spread of 0.8 pips, but neither of these figures is provided as an average value, and no applicable date ranges are mentioned. However, FinecoBank does offer lower spreads on its index CFDs, which could be advantageous for some traders. Among 62 brokers, FinecoBank is ranked #50 for commissions and fees and has earned a 3.5-star rating.
IronFX also presents an opportunity for improvement in pricing, as their spreads appear higher than the industry's averages. For instance, IronFX offers a typical spread of 1.8 pips for their Standard variable spread account, yet there is no specified date range, and spreads differ across account types. In their zero fixed-spread account, spreads start at zero but involve a rather significant $18 per lot commission, with spreads widening up to 3 pips overnight. IronFX ranks slightly better than FinecoBank, coming in at #47 out of 62 brokers in the Commissions and Fees category and receiving a 4-star rating.
Both brokers have their strengths and weaknesses in terms of commission and fee structures. While FinecoBank presents some ambiguity in its average spread data, it offers favorable conditions on index CFDs. On the other hand, IronFX provides clearer spread options but at potentially higher costs, especially for their zero fixed-spread account. Such distinctions may be pivotal in influencing a trader's choice, depending on specific trading needs and cost sensitivities. Understanding the commission and fee structures is crucial for making an informed decision between these two brokers.
| Feature |
FinecoBank
|
IronFX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| 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 | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and IronFX both cater to online traders, but their range of available investments sets them apart. FinecoBank provides a broad selection of 9,770 tradeable symbols, offering investors an expansive portfolio beyond just forex. With access to 54 forex pairs, FinecoBank supports both CFD and spot contract forex trading. Additionally, FinecoBank offers exchange-traded securities on major U.S. and international exchanges, such as Apple and Vodafone shares, enhancing its appeal to investors interested in traditional stock investments. Despite not providing copy trading or cryptocurrency options, FinecoBank's extensive market access earns it a high rating of 4.5 stars for its investment range and rank of #16 among 62 brokers.
IronFX, on the other hand, offers a more focused selection with 340 tradeable symbols, including 83 forex pairs that can be accessed through CFD and spot contracts. Unlike FinecoBank, IronFX does not offer actual securities trading on U.S. or international exchanges. However, IronFX appeals to traders interested in the crypto market, providing the option to trade cryptocurrency derivatives as well as copy trading services. While its limited range of investments gives it a modest 3.5-star rating and a rank of #51, IronFX meets the needs of traders seeking niche forex and crypto trading capabilities.
| Feature |
FinecoBank
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 340 |
| Forex Pairs (Total) | 54 | 83 |
| 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.
FinecoBank and IronFX both offer comprehensive trading platforms, but they cater to different trader needs. FinecoBank makes a strong statement with its in-house developed platform and its Windows-based desktop option, complemented by a web-based version. However, FinecoBank lacks a demo account feature, which might be a vital tool for beginner traders. It does not support MetaTrader 4 or 5 and has limited charting tools available, offering only 7 drawing tools and no direct trading from stock charts. Despite these limitations, FinecoBank is still rated 4 stars for its trading platforms and tools, standing at #18 among 62 brokers reviewed by ForexBrokers.com.
IronFX, on the other hand, provides more externally integrated solutions such as MetaTrader 4, which is widely popular among traders. Unlike FinecoBank, IronFX offers a demo account, which is ideal for practice trading, and supports copy trading to help investors mimic successful strategies. While IronFX doesn't have its proprietary platform, it offers both web-based and Windows-based platforms. Charting with IronFX is more versatile too, boasting 15 drawing tools and allowing trades directly from stock charts. Despite these offerings, IronFX is rated 3.5 stars for its trading tools and platforms, ranking at #60, indicating room for improvement compared to FinecoBank.
| Feature |
FinecoBank
|
IronFX
|
|---|---|---|
| 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 | No |
| 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.
Both FinecoBank and IronFX offer trading apps compatible with iPhone and Android devices. Traders benefit from stock and forex price alerts, features that enhance responsiveness to market shifts. Despite these commonalities, there are notable differences in their offerings. FinecoBank's app provides six technical studies for charting, whereas IronFX delivers a more comprehensive selection with 30 available studies. Furthermore, IronFX's app allows users to draw trendlines and auto-save chart drawings, features absent in FinecoBank's application. When it comes to visualization, both apps support multiple time frames such as daily, weekly, or intraday charts, catering to diverse analysis preferences.
While FinecoBank lacks the functionality to create a watchlist with real-time quotes, IronFX fills this gap, enhancing the trader’s ability to monitor selected assets closely. However, neither broker offers watchlist symbol syncing between their mobile app and online accounts, which might be a consideration for traders who frequently switch devices. In terms of user satisfaction, FinecoBank holds a slightly better rating with four stars compared to IronFX's 3.5 stars. Furthermore, in a ranking of 62 brokers by ForexBrokers.com, FinecoBank is ranked at 42 for its mobile app, whereas IronFX trails behind at rank 61. Overall, FinecoBank seems to have a slight edge in overall performance and user satisfaction in mobile app trading.
| Feature |
FinecoBank
|
IronFX
|
|---|---|---|
| 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 comparing FinecoBank with IronFX, especially in terms of market research offerings, both brokers bring unique strengths to the table. FinecoBank provides valuable forex news from top-tier sources, such as Bloomberg and Reuters, alongside an informative economic calendar that displays current and upcoming global news events. However, it lacks daily market commentary and does not offer technical analysis tools from companies like Autochartist or Trading Central, nor does it have sentiment-based trading tools.
In contrast, IronFX stands out with regular daily market commentary and comprehensive forex news from reputable sources similar to FinecoBank. Additionally, IronFX offers technical analysis tools from Trading Central but falls short in providing tools like Autochartist or sentiment-based trading features. Both brokers offer economic calendars to keep traders updated with global events. In terms of research rankings, IronFX holds a slight edge at #28 compared to FinecoBank’s #33 out of 62 brokers, though both receive a commendable four-star rating for research quality.
| Feature |
FinecoBank
|
IronFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| 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 comparing FinecoBank and IronFX in terms of educational resources for beginners, both brokers cater to those new to trading, but in slightly different ways. IronFX stands out by providing an extensive collection of over 10 educational pieces focused on forex and CFDs, including a variety of articles and videos. However, where IronFX lacks a monthly live educational client webinar, FinecoBank fills the gap by offering these live sessions, providing an interactive learning environment for its users.
Both FinecoBank and IronFX offer a plethora of beginner educational videos, making it easy for novices to find the content they need. They also provide comprehensive investor dictionaries to help demystify complex investing terms. Despite these strengths, neither broker offers an extensive collection of advanced educational videos for experienced traders. Interestingly, while FinecoBank does not maintain a searchable archive of past webinars, IronFX provides this resource, allowing users to access past learning sessions at their convenience. Both brokers share a 4-star education rating, but when ranked among 62 brokers, IronFX edges out FinecoBank slightly in the education category.
| Feature |
FinecoBank
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| 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 FinecoBank is better than IronFX. FinecoBank finished with an overall rank of #25, while IronFX finished with an overall rank of #48.
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
|
IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 83 |
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While both FinecoBank and IronFX do not offer the ability to purchase actual delivered cryptocurrency, IronFX provides the option to trade cryptocurrency derivatives, unlike FinecoBank.
When comparing online brokers, FinecoBank supports ACH and SEPA transfers and bank wires, but does not offer PayPal, Skrill, Visa, or Mastercard for deposit or withdrawal options, while IronFX provides options for Skrill, Visa, Mastercard, and bank wires but does not support ACH, SEPA transfers, or PayPal.
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 | IronFX | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | IronFX | |
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| Regulation | FinecoBank | IronFX | |
|---|---|---|---|
| Trust Score | 94 | 83 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | FinecoBank | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 340 | |
| Forex Pairs (Total) | 54 | 83 | |
| 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 | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| 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 | IronFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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