Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote, established in 1996, and FinecoBank, founded in 1999, are both publicly traded companies listed on stock exchanges and operate as banks. When comparing their regulatory standings, Swissquote holds a remarkably high position with five Tier-1 licenses and two Tier-2 licenses. FinecoBank, while also maintaining trust, possesses two Tier-1 licenses. In terms of overall trustworthiness, as gauged by ForexBrokers.com, Swissquote achieves the maximum Trust Score rating of 99, placing it in the highly trusted category.
FinecoBank, with a Trust Score rating of 94, is also considered highly trusted but just falls short of Swissquote's score. The difference in Tier-1 and Tier-2 licenses further highlights Swissquote's extensive regulatory oversight compared to FinecoBank. Both options are reliable, yet Swissquote's regulatory credentials and slightly higher trust rating provide a notable advantage for those prioritizing security and compliance in online trading.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing Swissquote and FinecoBank on commissions and fees, it's evident that both brokers have unique offerings with similar ratings but notable differences in their pricing structures. Swissquote, known for its Swiss banking allure, tends to charge slightly higher fees, largely dependent on the location of its accounts. Its UK branch offers lower costs compared to its Swiss and Luxembourg branches. For UK-based accounts, active traders might find the Elite account favorable due to lower spreads at a $10,000 deposit with a $5 charge per round-turn trade. Alternatively, the Standard account offers spreads starting at 1.3 pips, while the Prime account promises spreads from 0.6 pips. However, FinecoBank lacks transparency as it doesn't publish average spread data. It generally lists a spread of 1 pip for the EUR/USD, which is still above what many forex brokers offer. Additionally, Fineco does offer a 0.8 pip spread but fails to confirm if these figures are averages.
For traders looking for variety, Swissquote offers multiple account tiers in different regions, like Luxembourg and Switzerland, but each with distinct deposit requirements and spreads. The Luxembourg branch matches the UK in pricing, with spreads from 0.8 to 1.5 pips. Meanwhile, in Switzerland, options require a substantial deposit for competitive spreads, with the Prime account needing $50,000 for 1.1 pip spreads. FinecoBank, however, might appeal to those trading index CFDs due to potentially lower spreads, even though specifics remain unclear. Both Swissquote and FinecoBank rate 3.5 stars out of five for commissions and fees, despite FinecoBank being slightly better positioned, ranking #50 out of 62 brokers compared to Swissquote's #52 ranking.
Ultimately, choosing between Swissquote and FinecoBank involves evaluating the need for detailed transparency versus the allure of Swiss banking options. Swissquote provides diverse account options that cater to a range of trading levels, from casual to professional, albeit at a higher cost. Conversely, FinecoBank, though less forthright about average spreads, can still be economically appealing depending on the instruments traded, such as its index CFDs. Both brokers present advantages and challenges, making their selection largely dependent on individual trader priorities and trading style.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | 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 Swissquote and FinecoBank for their range of investments, both online brokers offer forex trading as either CFDs or spot contracts. Swissquote provides a smaller overall selection of tradeable symbols with 472 options, including 80 forex pairs, while FinecoBank boasts a much larger portfolio of 9,770 symbols with 54 forex pairs. Both Swissquote and FinecoBank allow investors to buy exchange-traded securities on U.S. and international exchanges, enabling trades on major companies like Apple and Vodafone. However, Swissquote offers more versatility by including options for copy trading and the purchase of actual cryptocurrencies, alongside cryptocurrency derivatives—features FinecoBank does not provide.
Despite FinecoBank's extensive list of tradeable symbols, Swissquote's diverse offerings afford it a clear edge in some key areas. Swissquote is rated five stars for its range of investments, securing the #2 rank out of 62 brokers according to ForexBrokers.com. FinecoBank, with a respectable 4.5-star rating, sits at #16 in the same ranking. Therefore, while FinecoBank offers an expansive array of options, Swissquote's comprehensive platform provides a blend of conventional investment opportunities and modern asset classes that might appeal to a broader range of investors.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 9770 |
| Forex Pairs (Total) | 80 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | 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.
Swissquote and FinecoBank both present formidable choices for online traders, each offering unique features on their trading platforms. Swissquote stands out with its simulated trading option, providing users a free virtual demo account to practice trading without any financial risk. Both brokers have developed their in-house proprietary platforms, ensuring a seamless and intuitive user experience. Traders looking for flexibility in access are well-catered for, as both platforms support Windows-based desktop downloads and web-based browser access. However, Swissquote distinguishes itself with a broad selection of features, including copy trading and integration with MetaTrader 4 and 5, services FinecoBank does not offer. Additionally, Swissquote offers a more comprehensive set of drawing tools with 75 options for charting compared to FinecoBank's 7. Swissquote also enables trading directly from stock charts, an option not available with FinecoBank.
Analyzing their watch list functionalities, Swissquote provides 11 columns to customize fields, with FinecoBank not disclosing details on this. When it comes to official ratings, Swissquote scores slightly higher for its trading platforms and tools with a 4.5-star rating versus FinecoBank's 4 stars. In rankings by ForexBrokers.com, which assessed 62 brokers, Swissquote ranks 12th while FinecoBank follows at 17th. While both brokers have strong offerings, Swissquote's broader range of features and tools align better for those seeking a more diversified and customizable trading experience.
| Feature |
Swissquote
|
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) | 86 | 37 |
| Charting - Drawing Tools (Total) | 75 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 11 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and FinecoBank both provide iPhone and Android apps, allowing users to stay connected and manage trades on the go. Alerts for stock or forex prices are available with both platforms, but neither offers watchlist syncing between the mobile app and the online account. However, when it comes to charting tools, Swissquote leads with 30 technical studies compared to FinecoBank's six. Additionally, Swissquote allows users to draw trendlines and automatically saves these annotations, a feature not available in FinecoBank's app. Both apps let users view multiple time frames for in-depth analysis.
Swissquote offers the added advantage of creating watchlists with real-time quotes, unlike FinecoBank. These capabilities, complemented by its intuitive design, have earned Swissquote a user rating of 4.5 stars for its mobile trading app. Meanwhile, FinecoBank garners a respectable 4-star rating. Regarding industry rankings, Swissquote is positioned at #11 out of 62 brokers in the mobile trading apps category, whereas FinecoBank holds the #42 spot, reflecting Swissquote’s greater user satisfaction and comprehensive feature set.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Swissquote and FinecoBank for market research, several distinctions become clear. Swissquote provides daily market commentary, which FinecoBank does not offer, giving Swissquote an edge for investors seeking frequent updates. Both platforms offer forex news from respected sources like Bloomberg and Reuters, ensuring users have access to reliable information. Impressively, Swissquote provides technical analysis tools from Autochartist, whereas FinecoBank lacks these offerings, which could be beneficial for traders seeking in-depth technical insights. However, neither broker includes tools from Trading Central or offers a sentiment-based trading tool, which may limit some analytical options.
Swissquote and FinecoBank both feature economic calendars to keep users informed of current and upcoming global events, which is a vital resource for traders monitoring economic shifts. Notably, Swissquote ranks higher than FinecoBank in the research category, taking the 16th spot out of 62 brokers compared to FinecoBank's 33rd rank, yet both receive a respectable four-star rating for research. While both brokers offer valuable research resources, Swissquote demonstrates a slight advantage in providing comprehensive market commentary and advanced analysis tools, which might appeal to traders looking for more extensive market insights.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| 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 it comes to educational resources for beginners, Swissquote and FinecoBank both offer notable features, though there are significant differences in their offerings. Swissquote provides a comprehensive range of educational materials, including over 10 pieces focused on forex and CFDs, a searchable archive of past webinars, and diverse educational videos targeting both beginners and advanced traders. Their investor dictionary is also packed with over 50 investing terms, making it a valuable resource for new traders. On the other hand, FinecoBank offers regular webinars and a solid collection of beginner educational videos, but it lacks some resources that Swissquote provides, such as a searchable archive of recorded webinars and advanced trading topics videos.
Both Swissquote and FinecoBank have received a 4-star rating for education, reflecting their strong commitment to trader education. However, Swissquote is ranked 21st among 62 brokers by ForexBrokers.com for educational offerings, while FinecoBank is ranked 49th, indicating Swissquote's broader range of educational tools and content compared to FinecoBank. This makes Swissquote a particularly appealing choice for those who want extensive educational resources to support their trading journey. FinecoBank, although lacking some of the more advanced features, still provides valuable resources for beginner traders seeking a solid starting point.
| Feature |
Swissquote
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Swissquote is better than FinecoBank. Swissquote finished with an overall rank of #11, while FinecoBank finished with an overall rank of #25.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
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FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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When comparing online brokers Swissquote and FinecoBank, Swissquote stands out as it allows investors to buy both actual delivered cryptocurrency and cryptocurrency derivatives, whereas FinecoBank does not offer the option to buy actual delivered cryptocurrency or cryptocurrency derivatives.
Both Swissquote and FinecoBank provide ACH or SEPA transfers and bank wires for depositing or withdrawing account funds, but only Swissquote supports PayPal, Skrill, and Visa or Mastercard options, making it more versatile for users seeking varied funding methods.
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 | Swissquote | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FinecoBank Review |
| Broker Screenshots | Swissquote | FinecoBank | |
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| Regulation | Swissquote | FinecoBank | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1996 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Swissquote | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | 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 | Swissquote | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 9770 | |
| Forex Pairs (Total) | 80 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | 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 | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Swissquote | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | Yes |
| Trading Platforms | Swissquote | 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 | Swissquote | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 11 | N/A | |
| Charting - Indicators / Studies (Total) | 86 | 37 | |
| Charting - Drawing Tools (Total) | 75 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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) | Yes | Yes |
| Major Forex Pairs | Swissquote | 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 | Swissquote Review | FinecoBank Review |
| Overall | Swissquote | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FinecoBank Review |
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