Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Founded in 2008, Plus500 stands out as a highly trusted online broker, boasting a perfect Trust Score of 99 according to ForexBrokers.com. This broker is publicly traded and has secured an impressive six Tier-1 licenses, which reflect its strong regulatory standing. Although not a bank, Plus500 holds an additional three Tier-2 licenses, further underscoring its commitment to safety and reliability for traders.
FinecoBank, established in 1999, is both a bank and a publicly traded entity offering online brokerage services. Earning a Trust Score of 94, FinecoBank is recognized as a highly trusted platform but holds a modest two Tier-1 licenses with no Tier-2 licenses. While it may have fewer regulatory licenses compared to Plus500, its status as a bank provides a unique proposition for those who value the multi-service offerings of a financial institution.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Year Founded | 2008 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing Plus500 to FinecoBank in terms of commissions and fees, Plus500's pricing is slightly above the industry average, and it does not top the charts for active trader pricing. Although Plus500 does not offer discounts to retail clients, it does provide cash rebates for those who qualify as Professional clients. In April 2024, the average spread for EUR/USD at Plus500 was 1.5 pips, which is higher than the industry norm. Plus500's commissions and fees rating is 4.0 stars, earning it a rank of #25 out of 62 brokers according to ForexBrokers.com.
Conversely, FinecoBank does not disclose average spread data for forex and CFD trading, making it challenging to discern its precise trading costs. FinecoBank advertises a spread of 1 pip for EUR/USD and offers a spread as low as 0.8 pips, though these figures are not presented as average values and lack associated date ranges. Despite this uncertainty, FinecoBank seems to provide competitive spreads on its index CFDs. With a commissions and fees rating of 3.5 stars, FinecoBank is ranked at #50 out of 62 brokers.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | €100 | $0 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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.
When comparing the range of investments offered by Plus500 and FinecoBank, both platforms provide an engaging selection for their users. Plus500 offers trading as a CFD for forex contracts and features a sizeable library of 5,500 symbols, including 65 forex pairs. It also allows clients to access exchange-traded securities on both U.S. and international exchanges. FinecoBank, known for a similar forex trading approach with CFDs, impresses traders with a larger selection of 9,770 tradeable symbols, albeit slightly fewer forex pairs at 54. FinecoBank also enables transactions in exchange-traded securities on both U.S. and international markets, providing a comprehensive range of investments.
While neither Plus500 nor FinecoBank offers the option for copy trading, cryptocurrency enthusiasts might lean towards Plus500, which offers cryptocurrency derivatives, however, excluding actual cryptocurrency purchasing like FinecoBank. Each platform is rated 4.5 stars for Range of Investments, affirming their competitiveness. Notably, FinecoBank holds a higher rank at #16 in ForexBrokers.com’s evaluation of 62 brokers in the Range of Investments category, compared to Plus500's #24 ranking. This suggests that customers may find a broader scope of investment opportunities with FinecoBank, despite Plus500’s strengths in forex and crypto derivative offerings.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 9770 |
| Forex Pairs (Total) | 65 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 Plus500 and FinecoBank, traders will notice distinct differences in their offerings. Plus500 supports users with a free virtual demo account, enabling simulated trading to practice strategies without risk, something FinecoBank does not offer. Both brokers provide proprietary platforms developed in-house, which can appeal to users looking for a unique trading experience. However, Plus500 lacks a Windows-based desktop platform, a facility FinecoBank offers, complementing its accessibility for those preferring desktop trading. Both platforms offer web-based trading, ensuring accessibility wherever there is an internet connection.
While neither Plus500 nor FinecoBank provides MetaTrader 4 or 5, DupliTrade, or ZuluTrade, Plus500 steps ahead in chart tools, offering 22 drawing tools compared to FinecoBank’s seven. This versatility can be appealing for technical traders seeking detailed chart analysis. For watch lists, Plus500 leads with 10 available columns for customization, a feature not detailed for FinecoBank. In terms of ratings, Plus500 receives 4.5 stars for its trading platforms and tools, slightly higher than FinecoBank’s 4 stars, reflecting its advantageous user-experience features. Plus500 also ranks higher in the category of trading platforms and tools, standing at #14 compared to FinecoBank’s #18, out of 62 brokers reviewed by ForexBrokers.com.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 114 | 37 |
| Charting - Drawing Tools (Total) | 22 | 7 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 10 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Plus500 and FinecoBank, both brokers offer availability for iPhone and Android devices, allowing users to stay connected on the go. Both apps provide stock and forex price alerts, which keep traders informed about market movements. However, Plus500 stands out with its ability to sync watchlist symbols across its mobile app and online accounts, a feature FinecoBank lacks. With Plus500, changes made in the app or online seamlessly sync, providing a cohesive user experience. Additionally, Plus500 offers a remarkable suite of 110 technical studies for charting, far surpassing the six available from FinecoBank. This extensive toolkit opens more opportunities for in-depth market analysis on Plus500's platform. Furthermore, Plus500 allows users to draw trendlines directly on charts, while FinecoBank does not support this functionality.
Plus500 also excels in offering various time frames, like daily, weekly, or intraday, similar to FinecoBank, ensuring traders can analyze the market precisely how they prefer. A point of similarity is that neither app automatically saves drawings on charts. On another note, Plus500 allows the creation of a watchlist with real-time quotes, something not available on FinecoBank's app. Overall, Plus500's mobile app is rated higher, with 4.5 stars compared to FinecoBank's 4 stars. According to ForexBrokers.com, Plus500 ranks as the 14th best among 62 brokers for mobile trading apps, whereas FinecoBank is ranked 42nd. With its comprehensive features and higher ratings, Plus500 emerges as a more appealing choice for those prioritizing mobile trading efficiency and capabilities.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 110 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Plus500 and FinecoBank for market research, there are several key differences to consider. Plus500 excels in delivering daily market commentary and offers a sentiment-based trading tool, providing insights into the ratio of long and short positions across various instruments. They also leverage tools from Trading Central, such as Technical Analytics, to enhance their research offerings. In contrast, FinecoBank does not provide daily market commentary or sentiment-based trading tools. However, they do stand out by offering forex news from top-tier sources like Bloomberg and Reuters, which Plus500 lacks.
Both brokers provide an economic calendar that keeps traders updated on global news events. Despite their differences in features, both Plus500 and FinecoBank receive a research rating of 4 stars. Yet, Plus500 is ranked higher at #19 among 62 brokers on ForexBrokers.com, illustrating its edge in research capabilities over FinecoBank, which ranks at #33.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | 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, Plus500 offers a variety of options designed to enhance understanding of forex and CFDs. It provides over ten educational materials including articles, videos, and archived webinars focused on these topics. Additionally, Plus500 hosts monthly online webinars and maintains a searchable archive of these sessions, offering flexible learning opportunities. For hands-on learning, there are beginner and advanced trading videos, though the platform does not include an investor dictionary. With these offerings, Plus500 earns a solid 4.0-star rating for education and is ranked 31st out of 62 in the education category by ForexBrokers.com.
FinecoBank, on the other hand, provides educational resources such as monthly webinars and more than ten beginner-oriented trading videos. They lack an extensive collection of forex or CFD-focused educational materials and do not archive previous webinars, which limits access to past learning sessions. However, FinecoBank stands out by offering a detailed investor dictionary containing definitions of fifty or more investing terms, which can be beneficial for beginners seeking to build their financial vocabulary. Matching Plus500, FinecoBank also achieves a 4-star rating for education but is ranked lower at 49th according to ForexBrokers.com. Both platforms have unique strengths, with Plus500 excelling in comprehensive resources and advanced learning, while FinecoBank provides foundational support through its investor dictionary.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | 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 Plus500 is better than FinecoBank. Plus500 finished with an overall rank of #14, while FinecoBank finished with an overall rank of #25.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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While both Plus500 and FinecoBank do not offer the ability to purchase actual cryptocurrencies, Plus500 allows trading in cryptocurrency derivatives, unlike FinecoBank, which does not provide this option.
Plus500 and FinecoBank differ in their payment options, with Plus500 supporting PayPal, Skrill, Visa or Mastercard, and bank wires, but not ACH or SEPA transfers, while FinecoBank offers ACH or SEPA transfers and bank wires, but lacks support for PayPal, Skrill, or card payments.
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 | Plus500 | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Plus500 Review | FinecoBank Review |
| Broker Screenshots | Plus500 | FinecoBank | |
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| Regulation | Plus500 | FinecoBank | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 2008 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 9770 | |
| Forex Pairs (Total) | 65 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | Plus500 | 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 | No | Yes |
| Trading Platforms | Plus500 | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 10 | N/A | |
| Charting - Indicators / Studies (Total) | 114 | 37 | |
| Charting - Drawing Tools (Total) | 22 | 7 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | 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 | 110 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review | FinecoBank Review |
| Overall | Plus500 | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Plus500 Review | FinecoBank Review |
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