Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs ThinkMarkets, 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.
FinecoBank, established in 1999, is a publicly traded bank with a high ForexBrokers.com Trust Score of 94 out of 99, indicating it is highly trusted. Known for its solid regulatory standing, FinecoBank holds two Tier-1 licenses, which are considered highly trusted, but does not possess any Tier-2 licenses. Being a bank, it adds an additional layer of trust and security for its clients.
On the other hand, ThinkMarkets, started in 2010, is not publicly traded and operates as a brokerage firm with a strong Trust Score of 92 out of 99, ranking it among the highly trusted as well. ThinkMarkets excels in regulatory compliance with five Tier-1 licenses and two Tier-2 licenses, both regarded as highly trusted and trusted, respectively. Although not a bank, ThinkMarkets has secured a broad range of licenses, suggesting a commitment to maintaining client trust and safety in its operations.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 5 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing the commissions and fees of online brokers FinecoBank and ThinkMarkets, both have some limitations in transparency. FinecoBank does not publish average spread data for forex and CFD trading, making it difficult to gauge the exact trading costs. The broker lists a spread of 1 pip for EUR/USD, which is higher than the typical spread offered by many forex brokers. It also mentions a spread of 0.8 pips, but without specifying whether these figures represent average values or providing a date range. However, FinecoBank may offer more competitive spreads on index CFDs.
On the other hand, ThinkMarkets also lacks detailed average spread data, which can leave traders uncertain about potential trading expenses. Despite this, ThinkMarkets receives a slightly higher rating for its commissions and fees compared to FinecoBank, albeit without specific spread figures available to clearly outline the costs involved.
In terms of ratings, FinecoBank garners a 3.5-star rating for its commissions and fees, ranked at #50 out of 62 brokers according to ForexBrokers.com. ThinkMarkets achieves a higher rating with 4 stars, ranking #48 in the same category. While neither broker provides comprehensive average spread data, ThinkMarkets appears to offer a marginally better deal, based on their ratings and rankings.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.1 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and ThinkMarkets both cater to forex traders, offering forex trading as a CFD and spot contract. FinecoBank leads the way with an extensive lineup of 9,770 tradeable symbols and 54 forex pairs, while ThinkMarkets provides a solid 4,000 symbols and 46 forex pairs. For those seeking to invest in stocks, FinecoBank has the advantage, supporting exchange-traded securities on both U.S. and international exchanges. In contrast, ThinkMarkets does not offer direct access to buy U.S. stocks but allows trading on international exchanges.
When it comes to advanced trading options, ThinkMarkets shines with its offering of copy trading and cryptocurrency derivatives, although neither broker provides the facility to purchase actual cryptocurrencies. FinecoBank, while lacking in these areas, still garners a high rating of 4.5 stars for its range of investments, tying with ThinkMarkets in this category. According to ForexBrokers.com rankings, FinecoBank is placed slightly higher, securing 16th position out of 62 brokers, compared to ThinkMarkets' 21st placement, reflecting FinecoBank's slightly broader investment offering.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 4000 |
| Forex Pairs (Total) | 54 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| 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.
FinecoBank and ThinkMarkets each bring their own strengths to the table when it comes to trading platforms and tools, but they serve different needs. FinecoBank, while not offering a virtual demo account, provides a proprietary platform along with a comprehensive Windows-based desktop and web-based trading platform. Despite having fewer drawing tools and no support for popular platforms like MetaTrader 4 and 5, FinecoBank still earns a solid 4-star rating for its accessible user interface. However, it doesn't support copy trading or direct trading from stock charts, which might be a limitation for traders seeking these features.
On the other hand, ThinkMarkets caters to both beginners and veteran traders with its diverse tools. Offering a proprietary platform alongside MetaTrader 4 and 5, it allows for a versatile trading experience. Traders can benefit from simulated trading with a free virtual demo account, a feature FinecoBank lacks. Additionally, ThinkMarkets supports copy trading and boasts more drawing tools for charting, as well as the ability to trade directly from stock charts. With a robust offering of 15 columns for watchlists, ThinkMarkets enhances the user experience, despite its similar 4-star rating. Both brokers are highly regarded, with FinecoBank ranked slightly higher, reflecting its reliable yet straightforward approach.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 15 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FinecoBank and ThinkMarkets offer options for iPhone and Android users, providing stock or forex price alerts for their clients. However, FinecoBank falls short in several areas compared to ThinkMarkets, especially when it comes to charting and watchlist functionalities. FinecoBank offers only 6 technical studies in its charting tool and does not support drawing trendlines or autosaving drawings on charts. On the other hand, ThinkMarkets provides a much richer experience, allowing users to access 94 technical studies, draw trendlines, and autosave their chart interactions. Both platforms allow viewing of different time frames, but only ThinkMarkets provides the ability to create watchlists with real-time quotes, which is a notable difference for active traders.
Despite having similar mobile trading app ratings of 4 stars each, ThinkMarkets is ranked higher by ForexBrokers.com, coming in at #20 out of 62 brokers compared to FinecoBank's #42 ranking. This indicates that users might find ThinkMarkets' app more suited to advanced trading needs, thanks to its comprehensive features and functionalities. Both apps lack watchlist symbol syncing, so traders need to manually update changes across different devices. Overall, users prioritizing advanced charting and real-time watchlist features might prefer ThinkMarkets, while those looking for basic trading functions could consider FinecoBank.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 94 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, FinecoBank and ThinkMarkets show distinct differences in their offerings. FinecoBank does not provide daily market commentary, but ThinkMarkets offers this feature, allowing traders to stay updated with daily insights. Both brokerages offer forex news sourced from top-tier platforms like Bloomberg and Reuters, ensuring reliable information for their users. However, neither of the brokers provides technical analysis tools from Autochartist or Trading Central, leaving that aspect less covered. When it comes to sentiment-based trading tools, ThinkMarkets stands out by offering insights into trader positions across currency pairs, which FinecoBank does not provide.
Additionally, FinecoBank does not include research tools from companies like Acuity Trading, which ThinkMarkets does offer, enhancing the research experience for its users with tools such as the Signal Centre. Both brokers maintain an economic calendar to keep traders informed of global economic events. In terms of ratings, FinecoBank surpasses ThinkMarkets with a 4-star research rating compared to ThinkMarkets' 3.5 stars. Furthermore, FinecoBank ranks #33 out of 62 brokers in the Research category according to ForexBrokers.com, while ThinkMarkets ranks #50, highlighting a stronger performance in market research for FinecoBank.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| 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 | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners at FinecoBank and ThinkMarkets, both brokers provide solid options, though each excels in different areas. FinecoBank offers monthly online webinars for clients, which can be quite beneficial for those looking to engage in interactive learning. While it lacks a searchable archive of past webinars, beginner traders can benefit from its collection of over ten introductory educational videos specifically tailored to their needs. Additionally, FinecoBank provides an investor dictionary, offering valuable definitions of over 50 investing terms to help new traders familiarize themselves with key concepts.
ThinkMarkets, on the other hand, shines in its comprehensive library of educational materials, specifically with a focus on forex and CFDs. With more than ten pieces, including articles, videos, and archived webinars, beginners can deepen their knowledge of these subjects. Like FinecoBank, ThinkMarkets hosts monthly webinars and also provides a searchable archive, making it easy for users to revisit and learn at their own pace. While it also offers an investor dictionary and beginner videos, ThinkMarkets stands out by delivering over ten advanced videos for seasoned traders looking to enhance their trading strategies. Despite these strengths, FinecoBank is rated slightly higher in education by ForexBrokers.com with four stars, compared to ThinkMarkets' 3.5 stars, and ranks 49th among 62 brokers, placing it ahead of ThinkMarkets at 52nd.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 ThinkMarkets. FinecoBank finished with an overall rank of #25, while ThinkMarkets finished with an overall rank of #27.
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
|
ThinkMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 92 |
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Comparing online brokers, FinecoBank does not offer options to buy either actual cryptocurrency or cryptocurrency derivatives, whereas ThinkMarkets does not provide the ability to purchase actual cryptocurrency but does offer cryptocurrency derivatives.
FinecoBank supports ACH and SEPA transfers along with bank wires for depositing or withdrawing funds, while ThinkMarkets offers bank wires and supports Visa/Mastercard and Skrill, but neither platform provides PayPal as a payment option.
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 | ThinkMarkets | |
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| Trust Score | 94 | 92 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | ThinkMarkets | |
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| Regulation | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Trust Score | 94 | 92 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 5 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | Yes | |
| 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 | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 4000 | |
| Forex Pairs (Total) | 54 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| 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 | ThinkMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.1 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 15 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| 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 | 94 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| 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 | ThinkMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| 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 |
| Overall | FinecoBank | ThinkMarkets | |
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| Trust Score | 94 | 92 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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