Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Comparing Tickmill and FinecoBank provides key insights into their regulatory standing and trustworthiness. Tickmill, established in 2014, is a non-bank online broker that is not publicly traded. It holds two Tier-1 licenses indicating high trust and two Tier-2 licenses, reflecting additional reliability. Its trust score of 86, as given by ForexBrokers.com, signifies a trusted rating, making it a sound choice for traders seeking a smaller, yet trusted brokerage.
In contrast, FinecoBank, founded in 1999, is a publicly traded bank with a strong regulatory foundation. It also holds two Tier-1 licenses, marking it as highly trusted, though it lacks Tier-2 licenses. Boasting a significant trust score of 94, FinecoBank is recognized as a highly trusted entity, offering the assurance of a publicly listed bank. With different strengths, both brokers cater to varying trader needs and preferences.
| Feature |
Tickmill
|
FinecoBank
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers Tickmill and FinecoBank, Tickmill stands out with its competitive pricing structures designed to accommodate different trading styles. Tickmill offers two types of accounts, Classic and Raw. The Classic account is commission-free, primarily appealing to traders who prefer straightforward pricing. However, the spreads for this account average 1.76 pips, which is higher than Tickmill's Raw account. The Raw account, which now replaces the former Pro account, introduces a new commission structure of $3 per side or $6 per standard lot. Despite this increase, Tickmill continues to be a top choice for active traders, thanks to its low average spreads, typically around 0.11 pips for the EUR/USD, with an all-in cost now at approximately 0.71 pips. With a low minimum deposit of $100, the Raw account offers great value for traders seeking low-cost spreads and robust execution.
In contrast, FinecoBank provides less transparency in its trading costs since it does not publish average spread data for its forex and CFD trades. FinecoBank lists a spread of about 1 pip for the EUR/USD, which is higher in comparison to the typical spreads offered by many forex brokers, including Tickmill. They do offer a supposedly lower spread of 0.8 pips, but finer details such as these are not presented with average values or specific dates. This lack of clarity makes it challenging for traders to assess the real cost of trading with FinecoBank as accurately as they can with Tickmill.
With a five-star rating in commissions and fees, Tickmill ranks 4th among 62 brokers on ForexBrokers.com, reflecting its strength in providing low-cost trading solutions. Meanwhile, FinecoBank earns a 3.5-star rating, placing it in 50th position. These rankings emphasize Tickmill’s advantage in this category, showcasing its dedication to offering cost-effective trading conditions that appeal to both new and seasoned traders alike.
| Feature |
Tickmill
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | 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 exploring investment opportunities with online brokers, the differences between Tickmill and FinecoBank become apparent. Tickmill offers 725 tradeable symbols, which include 63 forex pairs available as either CFDs or spot contracts. While Tickmill shines with its copy trading options and cryptocurrency derivatives, it doesn't provide access to exchange-traded securities, especially on major U.S. and international exchanges. FinecoBank, on the other hand, boasts an extensive range with 9,770 tradeable symbols, although offering slightly fewer forex pairs at 54. It provides an opportunity for investors to access exchange-traded securities, both in the U.S., such as Apple stocks, and internationally, such as Vodafone shares.
In terms of ratings, FinecoBank takes the lead with a 4.5-star rating for its range of investments, compared to Tickmill's 3.5-star rating. According to ForexBrokers.com, FinecoBank ranks #16 out of 62 brokers, reflecting its broad investment offerings, while Tickmill holds the #42 spot. Despite both brokers not offering the direct purchase of cryptocurrencies, Tickmill's crypto derivatives still add a layer of diversification. Overall, while Tickmill presents some niche advantages, particularly in forex pairs and crypto derivatives, FinecoBank's extensive range of tradeable symbols and access to various securities cater to a more comprehensive investment strategy.
| Feature |
Tickmill
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 9770 |
| Forex Pairs (Total) | 63 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | 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). | 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 it comes to trading platforms and tools, both Tickmill and FinecoBank provide unique offerings that cater to different traders' needs. Tickmill shines with its provision of a free virtual demo account for those looking to practice trading without risk. This broker supports a range of popular platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) but does not feature a proprietary platform. Both Tickmill and FinecoBank offer Windows-based desktop downloads and web-based platforms. However, Tickmill stands out by supporting copy trading, providing traders an opportunity to mirror successful strategies.
FinecoBank boasts an in-house developed trading platform, giving users a tailored experience and an edge in functionality. Unlike Tickmill, it does not offer a demo account or copy trading, limiting options for new traders wanting to practice or diversify strategies without committing capital. While Tickmill offers a more extensive set of drawing tools and stock chart trading capabilities, FinecoBank compensates with its distinguished rating in trading platforms and tools, ranking higher with ForexBrokers.com despite offering fewer features for chart customization. Both brokers are rated 4 stars in this category, suggesting solid yet distinct offerings.
| Feature |
Tickmill
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | 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) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and FinecoBank offer mobile trading apps for iPhone and Android users, catering to investors who prefer trading on-the-go. Users of both apps can receive stock or forex price alerts to stay updated with market changes. However, neither app provides watchlist symbol syncing, meaning users need to manually adjust their watchlists on both the mobile app and the online platform.
Tickmill's mobile app stands out with more advanced charting features, providing 30 technical studies compared to FinecoBank's six. It also allows drawing trendlines and saves such drawings automatically, alongside supporting multiple time frames for charts. FinecoBank's app lacks these drawing features and real-time watchlist capabilities, which Tickmill provides. Despite these differences, both apps receive a solid rating of 4 out of 5 stars. In terms of ranking, ForexBrokers.com places Tickmill at #31 among 62 brokers for mobile trading apps, while FinecoBank is ranked #42, reflecting Tickmill’s edge in mobile trade functionalities.
| Feature |
Tickmill
|
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 the market research offerings of Tickmill and FinecoBank, both brokers excel in distinct areas. Tickmill stands out by providing daily market commentary and a sentiment-based trading tool that FinecoBank does not offer. Furthermore, Tickmill includes tools from Acuity Trading, such as the Signal Centre, to assist traders in making informed decisions. Both brokers cater to forex traders by delivering news from prestigious sources like Bloomberg, Reuters, and Dow Jones, and offer comprehensive economic calendars to track global news events.
Despite their differences, Tickmill and FinecoBank receive equal ratings of four out of five stars for research capabilities. However, Tickmill ranks higher at 21st, compared to FinecoBank’s 33rd position out of 62 brokers on ForexBrokers.com. Neither of the brokers offers tools from Autochartist or Trading Central, nor do they provide market research from TipRanks. These insights provide a balanced view for traders considering the research amenities of each broker.
| Feature |
Tickmill
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for those new to trading, Tickmill and FinecoBank offer various learning tools, but with notable differences. Tickmill offers a rich selection of educational content focusing on forex and CFDs, including over 10 pieces such as articles, videos, and webinars tailored for beginners. They also host at least one live webinar each month and provide access to a searchable archive of past sessions. Additionally, Tickmill presents over 10 beginner-focused and advanced educational videos, giving both new and experienced traders valuable insights. Completing their educational suite is a comprehensive investor dictionary comprising over 50 investing terms.
On the other hand, FinecoBank also provides support for novices with a range of beginner-oriented videos and monthly live webinars. However, they fall short in some areas compared to Tickmill, particularly by not offering a comprehensive selection of forex or CFDs-specific content nor a searchable archive of recorded webinars. Although both brokers share a similar user rating for education, with Tickmill ranked higher at 15th out of 62 brokers against FinecoBank's 49th position, Tickmill's more substantial educational offerings make it a compelling choice for those starting their trading journey.
| Feature |
Tickmill
|
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 Tickmill is better than FinecoBank. Tickmill finished with an overall rank of #22, while FinecoBank finished with an overall rank of #25.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 94 |
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When comparing online brokers Tickmill and FinecoBank, neither offers the ability to buy actual cryptocurrency for delivery, but Tickmill provides the option to trade cryptocurrency derivatives, whereas FinecoBank does not.
While Tickmill supports PayPal, Skrill, Visa, Mastercard, and bank wire transfers but lacks ACH and SEPA transfer options, FinecoBank offers ACH, SEPA, and bank wire transfers but does not support PayPal, Skrill, Visa, or Mastercard transactions for funding accounts.
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 | Tickmill | FinecoBank | |
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| Trust Score | 86 | 94 | |
| Winner | check_circle | ||
| Review | Tickmill Review | FinecoBank Review |
| Broker Screenshots | Tickmill | FinecoBank | |
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| Regulation | Tickmill | FinecoBank | |
|---|---|---|---|
| Trust Score | 86 | 94 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | 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 | Tickmill | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 9770 | |
| Forex Pairs (Total) | 63 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | 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). | 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 | Tickmill | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Tickmill | 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 | Tickmill | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Tickmill | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | 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 | Tickmill | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | 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 | Tickmill | 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 | Tickmill Review | FinecoBank Review |
| Overall | Tickmill | FinecoBank | |
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| Trust Score | 86 | 94 | |
| Winner | check_circle | ||
| Review | Tickmill Review | FinecoBank Review |
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