Written by ForexBrokers.com
In this head to head comparison of Markets.com 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.
Both Markets.com and FinecoBank were established in 1999, offering years of experience to their clients. While Markets.com is not publicly traded nor a bank, FinecoBank holds the distinction of being both publicly traded and a licensed bank. This can be an important consideration for investors seeking assurance in the institutions they trust with their money.
Regulatory oversight is a key measure of a broker's trustworthiness, and both brokers receive high Trust Scores from ForexBrokers.com. Markets.com has a slightly lower score of 93 compared to FinecoBank's 94, yet Markets.com holds three Tier-1 licenses and one Tier-2 license, reflecting a strong regulatory framework. FinecoBank, on the other hand, holds two Tier-1 licenses, highlighting its high level of trustworthiness in the financial industry. These factors can guide potential investors in choosing a broker that aligns with their security and trust preferences.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing Markets.com and FinecoBank, both brokers share similar ratings in terms of commissions and fees. Markets.com receives a rating of 3.5 stars, ranking 49th out of 62 brokers in the ForexBrokers.com list for the Commissions and Fees category. FinecoBank also holds a 3.5-star rating and is ranked closely at 50th. While specific average spread data is not available for Markets.com, FinecoBank's trading costs are somewhat opaque due to a lack of published average spread data for its forex and CFD trading.
FinecoBank lists a spread of 1 pip for EUR/USD, which tends to be higher than what many other forex brokers typically offer. There is a mention of a 0.8 pip spread, yet it remains unclear whether these figures represent average values, as there's no supporting date range provided. Nonetheless, FinecoBank seemingly offers lower spreads on its index CFDs, which may appeal to traders focusing on this area.
Overall, in terms of commissions and fees, both brokers present a comparable offering with identical ratings, although their costs and transparency vary when it comes to spreads. Traders who prioritize low fees might need to explore further into specific instruments and account types to ascertain potential benefits and downsides for their trading strategies.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing the range of investments offered by Markets.com and FinecoBank, there are several notable differences. Both platforms provide the opportunity to trade forex as either Contracts for Difference (CFDs) or spot contracts, with Markets.com offering 57 forex pairs and FinecoBank offering 54. In terms of the total number of tradeable symbols, Markets.com provides access to 2,179 symbols, while FinecoBank boasts a more extensive selection with 9,770 symbols. Additionally, Markets.com does not allow clients to purchase exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares, whereas FinecoBank provides the capability for clients to trade such securities. However, for those interested in copy trading, Markets.com offers this feature, whereas FinecoBank does not.
Regarding cryptocurrency, neither Markets.com nor FinecoBank offers the purchase of actual (delivered) cryptocurrencies, but Markets.com does provide access to cryptocurrency derivatives. This is an option not available through FinecoBank. Both brokers have received positive ratings for their range of investments; Markets.com has been rated 4 out of 5 stars, and FinecoBank slightly higher at 4.5 stars. These ratings are reflected in their respective rankings by ForexBrokers.com, where Markets.com is positioned at rank #29 and FinecoBank at #16 among 62 brokers. Overall, FinecoBank's investment range leans towards a broader traditional securities offering, while Markets.com emphasizes flexibility in forex and derivative trading.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 9770 |
| Forex Pairs (Total) | 57 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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 of Markets.com and FinecoBank, several differences emerge. Markets.com offers a free virtual demo account, making it a good choice for those who want to practice trading without risking real money, while FinecoBank does not offer this feature. Both brokers provide their own proprietary platforms, along with Windows-based desktop and web-based trading options, ensuring users have access from multiple devices. However, Markets.com extends its platform options by offering MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to traders who prefer these popular platforms, unlike FinecoBank which does not support them. Additionally, Markets.com facilitates copy trading, a feature that FinecoBank lacks, allowing users to mimic the trades of experienced investors.
In terms of charting capabilities, Markets.com supplies four drawing tools, whereas FinecoBank provides seven. Neither broker allows trading directly from a stock chart, which could be an important consideration for some traders. Markets.com offers organized watch lists with six available fields, contrasting with FinecoBank, which does not have specified options for watch list columns. Both platforms are rated four stars for their trading platforms and tools by ForexBrokers.com. However, FinecoBank holds a slightly better ranking at 18th place compared to Markets.com's 26th spot among 62 brokers, suggesting a slight edge in overall tools and functionality according to user reviews.
| Feature |
Markets.com
|
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) | 89 | 37 |
| Charting - Drawing Tools (Total) | 4 | 7 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Markets.com and FinecoBank offer mobile trading apps for iPhone and Android, providing users with convenient access to financial markets on the go. Markets.com stands out with its feature allowing watchlist symbol syncing, enabling users to keep their mobile and online accounts in harmony. In contrast, FinecoBank does not support this syncing capability. Both platforms provide stock or forex price alerts, a helpful tool for traders wanting to stay updated on market changes.
When comparing charting functionalities, FinecoBank offers six technical studies and the opportunity to view multiple time frames, which could appeal to traders who focus on detailed chart analysis. Markets.com, however, allows users to draw trendlines on charts, which is unavailable with FinecoBank. Despite these differences, neither platform saves chart drawings automatically. For traders looking to customize their experience with real-time quotes, Markets.com offers the capacity to create dynamic watchlists, whereas FinecoBank does not provide this function. Both apps have received a 4-star rating for mobile trading, yet Markets.com holds a higher position in ForexBrokers.com's rankings at #33 compared to FinecoBank's #42.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Markets.com and FinecoBank, there are some clear distinctions. Markets.com provides daily market commentary, a valuable resource for traders who want regular insights. FinecoBank, however, does not offer this feature. Both platforms give users access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to reliable information. Neither Markets.com nor FinecoBank provides technical analysis tools from companies like Autochartist or Trading Central. Markets.com shines with its sentiment-based trading tools, which offer a glimpse into trader positions across various instruments—this is something FinecoBank does not provide.
For those interested in planning their trading strategy around economic events, both brokers offer an economic calendar featuring global news events. Despite these similarities, Markets.com scores slightly higher in research with a 4-star rating, matched by FinecoBank, but takes the lead with a #17 ranking among 62 brokers on ForexBrokers.com. FinecoBank follows at #33 in the same category. This comparison shows that while both brokers have strong points in market research, Markets.com offers some distinctive advantages that may appeal to traders looking for specific features.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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, Markets.com and FinecoBank each have their strengths. Both platforms offer online educational webinars, ensuring clients have access to learning opportunities every month. However, neither provides a substantial collection of materials focused solely on forex or CFDs. In terms of video resources, both Markets.com and FinecoBank cater to beginners by offering more than ten introductory trading videos, but Markets.com takes it a step further with an additional range of videos for experienced traders.
For those who prefer a deeper dive into investment terminology, FinecoBank stands out with its comprehensive investor dictionary featuring over 50 terms. Yet, when considering how both brokers are rated, Markets.com and FinecoBank each score four stars for their education offerings. Despite this parity in ratings, Markets.com is ranked higher among 62 brokers in the education category by ForexBrokers.com, securing the 34th spot compared to FinecoBank's 49th position.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Markets.com is better than FinecoBank. Markets.com finished with an overall rank of #23, while FinecoBank finished with an overall rank of #25.
Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 94 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
While both Markets.com and FinecoBank do not support buying actual (delivered) cryptocurrency, Markets.com allows for purchasing cryptocurrency derivatives, unlike FinecoBank.
In comparing Markets.com and FinecoBank as online brokers, Markets.com provides options for depositing and withdrawing funds via Skrill, Visa, Mastercard, and bank wires but does not support ACH or SEPA transfers or PayPal, whereas FinecoBank offers ACH or SEPA transfers and bank wire options but lacks support for PayPal, Skrill, Visa, and Mastercard 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Markets.com | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | Markets.com | FinecoBank | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Markets.com | FinecoBank | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | FinecoBank | |
|---|---|---|---|
| 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) | No | 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) | Markets.com | 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 | Markets.com | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 9770 | |
| Forex Pairs (Total) | 57 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | Markets.com | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | Markets.com | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Markets.com | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | No | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 89 | 37 | |
| Charting - Drawing Tools (Total) | 4 | 7 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | 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 | (default on MT4, none on Markets app) | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Markets.com | FinecoBank | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FinecoBank Review |
| Overall | Markets.com | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
