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 and FinecoBank are reputable online brokers that also function as banks, providing clients with a secure platform for trading. Swissquote, established in 1996, has achieved a Trust Score of 99, indicating a high level of reliability. It holds five Tier-1 licenses and one Tier-2 license, demonstrating its strong regulatory compliance and customer trustworthiness. Publicly traded on a stock exchange, Swissquote stands out as a leader in the online brokerage industry.
FinecoBank, founded in 1999, also offers a robust foundation with its standing as a publicly traded bank. With a Trust Score of 94, it holds two Tier-1 licenses, reflecting its strong trustworthiness in the financial market. Though it doesn't possess any Tier-2 licenses, FinecoBank still ensures a reliable trading experience, backed by its regulatory standards and banking status. Both Swissquote and FinecoBank provide solid options for traders seeking the assurance of a trusted financial institution.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 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.
When comparing the trading platforms of Swissquote and FinecoBank, several distinctions emerge that cater to different trading preferences. Swissquote offers a broader range of functionalities, including a free virtual demo account that allows beginners to practice without financial risk. Both brokers feature proprietary platforms developed in-house along with web-based and Windows-based desktop platforms. Swissquote stands out with additional features such as copy trading and compatibility with MetaTrader 4 and 5, providing traders with versatile and popular tools. In contrast, FinecoBank doesn't support these popular MetaTrader platforms nor offers copy trading, which might appeal more to users looking for simpler functionalities.
Swissquote sets itself apart with an impressive array of tools for charting, including 75 drawing tools compared to FinecoBank’s 7. Moreover, Swissquote offers the ability to trade directly from a stock chart and provides 11 customizable columns for watch lists, features not available with FinecoBank. In the realm of rankings and reviews, Swissquote garners a slightly higher rating of 4.5 stars compared to FinecoBank's 4 stars for Trading Platforms and Tools. It is ranked #11 among 62 brokers by ForexBrokers.com, whereas FinecoBank holds the #18 spot. These factors collectively make Swissquote a more versatile option for traders seeking comprehensive tools and flexibility in their trading approach.
| 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.
When comparing the mobile trading apps of Swissquote and FinecoBank, both brokers offer apps for iPhone and Android users, ensuring accessibility across major platforms. They also provide essential features like stock or forex price alerts. However, there's a notable difference in the functionality and tools available. Swissquote excels with 30 technical studies for charting compared to FinecoBank's 6, granting traders a more comprehensive analysis experience. Furthermore, Swissquote allows trendline drawing and auto-saving of chart drawings, features not available with FinecoBank. While both mobile apps enable viewing multiple time frames, only Swissquote offers real-time quotes in custom watchlists.
Regarding user ratings, Swissquote's mobile app receives a stronger score of 4.5 out of 5 stars, reflecting its robust capabilities, while FinecoBank sits slightly lower at 4 stars. In an industry ranking by ForexBrokers.com, Swissquote claims the 10th position out of 62, significantly outperforming FinecoBank, which ranks at 42. This places Swissquote as a more favorable choice for those seeking an advanced mobile trading experience. Both apps are functional, yet Swissquote's additional features and higher ranking highlight its appeal for more detailed and technical trading needs.
| 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
|
FinecoBank
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 94 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FinecoBank Review |
| Broker Screenshots | Swissquote | FinecoBank | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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 | 1 | 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) | No | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FinecoBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill