Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Spreadex, 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 FinecoBank and Spreadex were founded in 1999, offering a long history in the financial services industry. FinecoBank stands out as a publicly traded bank, adding an extra layer of reassurance for investors. Holding two Tier-1 licenses, FinecoBank is considered highly trusted by ForexBrokers.com, boasting a strong Trust Score of 94 out of 99. This positions FinecoBank as a secure choice for online trading, indicating high levels of reliability and strong regulatory compliance.
On the other hand, Spreadex, while not publicly traded or a bank, holds one Tier-1 license, which suggests a moderate level of trust. It receives a Trust Score of 71 out of 99 from ForexBrokers.com, placing it in the average risk category. For those considering online trading platforms, these distinctions in trust ratings and regulatory standings are essential for making informed decisions. Both brokers have similar origins, but their specific attributes could greatly influence your choice depending on your trust and risk preferences.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commissions and fees of FinecoBank and Spreadex, it's clear that each broker has its own strengths and limitations. FinecoBank does not make its average spread data for forex and CFD trading public, which makes it challenging for traders to gauge its true trading costs. They list a spread of 1 pip for EUR/USD; this is higher than what many other forex brokers typically offer. Additionally, there's a mention of a 0.8 pip spread, though neither of these figures is confirmed as an average nor has a specific time frame been provided. However, Fineco reportedly offers lower spreads on index CFDs.
On the other hand, Spreadex provides more transparency with its spread data. For January 2024, the average spread for EUR/USD stood at 0.81 pips, with a minimum spread of 0.6 pips being available 60% of the time during the month. This information provides traders with a clearer picture of what they can expect in terms of trading costs.
In terms of ratings and rankings, FinecoBank receives a 3.5-star rating out of five for its commissions and fees, ranking it #50 out of 62 brokers on ForexBrokers.com. Conversely, Spreadex holds a slightly better position with a 4-star rating and is ranked #30. These differences highlight Spreadex's competitive edge in terms of commission and fee transparency and favorability for traders.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| 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 Spreadex both offer a wide array of investment options, including forex trading as a CFD or spot contract. In terms of the sheer number of tradeable symbols, Spreadex edges out FinecoBank with a selection of 10,000 compared to FinecoBank's 9,770. When it comes to forex pairs, FinecoBank offers a slightly higher number with 54 pairs available, as opposed to Spreadex's 52. FinecoBank also provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest directly in shares like Apple and Vodafone, whereas Spreadex does not offer such options. Neither platform supports copy trading or the purchase of actual cryptocurrencies.
While both brokers present competitive investment opportunities, Spreadex is rated slightly higher in the Range of Investments category, with a perfect 5-star rating compared to FinecoBank's 4.5 stars. Furthermore, Spreadex is ranked 13th out of 62 brokers by ForexBrokers.com in this category, positioning itself as a favored choice for those seeking a diverse range of investment offerings. FinecoBank, although highly regarded and ranking 16th, may appeal more to those interested in traditional stock investments on global exchanges. Despite these distinctions, both platforms serve as strong contenders for investors looking to explore a wide spectrum of trading possibilities.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 10000 |
| Forex Pairs (Total) | 54 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| 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.
When comparing FinecoBank and Spreadex's trading platforms and tools, both brokers have carved a niche with their proprietary platforms, designed in-house to cater to the diverse needs of traders. FinecoBank takes an extra step with an available Windows-based desktop platform, providing flexibility for those who prefer trading from their computer. Spreadex, while lacking this desktop option, offers traders the convenience of a web-based platform, similar to FinecoBank. However, neither broker provides options for simulated trading like virtual demo accounts, and they both lack support for popular platforms such as MetaTrader 4 and 5, DupliTrade, and ZuluTrade.
For traders focused on charting features, FinecoBank offers 7 drawing tools, whereas Spreadex provides a more extensive set with 11 tools and even allows trading directly from stock charts, a feature FinecoBank does not offer. When it comes to watch lists, FinecoBank's offering details are not specified, but Spreadex provides up to 8 fields, giving traders more flexibility to monitor their investments. Despite some differences in offerings, both brokers receive a commendable 4-star rating for their trading platforms and tools. However, according to ForexBrokers.com, FinecoBank ranks higher at #18 out of 62 brokers compared to Spreadex's #46 ranking, showcasing its broader appeal in this category.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | No | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| 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) | 37 | 55 |
| Charting - Drawing Tools (Total) | 7 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FinecoBank and Spreadex, both platforms provide accessible options for iPhone and Android users. They also support stock and forex price alerts, ensuring traders can stay updated on market changes. However, neither app offers the convenience of syncing watchlist symbols across mobile and online accounts. While FinecoBank includes six technical studies for charting, Spreadex does not specify a count but offers the ability to draw trendlines—a feature missing from FinecoBank. Both apps do allow users to view multiple time frames on stock or forex charts, although neither auto-saves drawings made on these charts.
When it comes to creating watchlists with real-time quotes, Spreadex offers this functionality, unlike FinecoBank. In terms of user ratings, both apps score four out of five stars for their mobile trading capabilities. Yet, FinecoBank is ranked slightly higher at #42 compared to Spreadex at #49 out of 62 brokers according to ForexBrokers.com. This comparison highlights the strengths and limitations of each app, allowing traders to make informed choices based on their specific needs.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | N/A |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank and Spreadex for market research offerings, several distinctions emerge despite both platforms carrying a similar four-star rating for research. Spreadex provides daily market commentary and offers a sentiment-based trading tool, which gives traders insights into long or short positions across various instruments. On the other hand, FinecoBank lacks these features but matches Spreadex by delivering forex news from esteemed sources such as Bloomberg and Reuters, ensuring traders have access to reliable information. Additionally, both brokers offer comprehensive economic calendars to track global financial events, although neither includes specialized tools from third-party companies like Autochartist or Trading Central.
Ranked closely by ForexBrokers.com, Spreadex stands at position 31 while FinecoBank is slightly behind at 33 out of 62 brokerages, indicating a minor edge for Spreadex in research capabilities. However, both brokers lack market research from TipRanks and tools from Acuity Trading, which might be a consideration for traders seeking these specific resources. Overall, the choice between FinecoBank and Spreadex may hinge on individual preferences for daily commentary and sentiment analysis versus trusted forex news and economic event tracking.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| 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 FinecoBank and Spreadex for educational resources aimed at beginners, both platforms provide a strong foundation for new traders. FinecoBank stands out with its consistent monthly webinars, offering live learning opportunities for clients. Despite this, FinecoBank does not provide a comprehensive collection of educational content focused on forex or CFDs, as it lacks a substantial archive in that area. However, it compensates with accessible beginner educational videos and a handy investor dictionary, helping users familiarize themselves with essential trading terms.
Similarly, Spreadex offers a diverse collection of beginner-friendly videos and a helpful investor dictionary, ensuring new traders have access to important resources. Unlike FinecoBank, Spreadex provides a more extensive library of materials on forex and CFDs, making it a suitable choice for those specifically interested in these subjects. Spreadex, however, does not host monthly webinars, which might be a drawback for those seeking real-time learning experiences. Ultimately, both brokers earn a respectable four-star rating for their educational offerings, though Spreadex slightly edges ahead in broker rankings for Education, coming in at #45 compared to FinecoBank's #49. Despite their slight differences, both platforms offer valuable support to those new to the trading world.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| 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 | 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 Spreadex. FinecoBank finished with an overall rank of #25, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 71 |
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When comparing online brokers FinecoBank and Spreadex, it's important to note that neither offers the ability to buy actual, delivered cryptocurrency, but while Spreadex does provide the option to buy cryptocurrency derivatives, FinecoBank does not.
While FinecoBank provides ACH or SEPA transfers and bank wires for depositing or withdrawing funds, it does not support PayPal, Skrill, or card transactions, unlike Spreadex, which facilitates payments via Visa or Mastercard alongside offering bank wire options but lacks ACH or SEPA transfer capabilities.
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 | Spreadex | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Spreadex Review |
| Broker Screenshots | FinecoBank | Spreadex | |
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| Regulation | FinecoBank | Spreadex | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| 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 | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 10000 | |
| Forex Pairs (Total) | 54 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| 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 | FinecoBank | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | No | No | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 8 | |
| Charting - Indicators / Studies (Total) | 37 | 55 | |
| Charting - Drawing Tools (Total) | 7 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Spreadex | |
|---|---|---|---|
| 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 | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | FinecoBank | Spreadex | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Spreadex Review |
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