Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Trade Nation, 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, founded in 1999, is a well-established online broker that is also a publicly traded bank. This gives it a unique position in the financial market compared to a non-bank broker like Trade Nation. Holding two Tier-1 licenses, FinecoBank is a trusted name with a Trust Score rating of 94 out of 99, indicating a high level of trust according to ForexBrokers.com. This adds an extra layer of security and reassurance for those looking to trade with a reputable institution.
On the other hand, Trade Nation, which came onto the scene in 2014, is not publicly traded and doesn't function as a bank, but it holds its ground by also having two Tier-1 licenses plus an additional Tier-2 license. With a Trust Score rating of 85, Trade Nation is classified as trusted, offering a reliable choice for traders seeking a broker that balances trust and accessibility. While both brokers hold themselves to high regulatory standards, FinecoBank offers the advantage of being a regulated bank with a higher trust score, making it an appealing choice for cautious investors.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Year Founded | 1999 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees between FinecoBank and Trade Nation, it's clear that each has a distinct approach that may appeal to different kinds of traders. FinecoBank does not disclose average spread data for its forex and CFD trading, which makes evaluating its true trading costs challenging. It lists a spread of 1 pip and sometimes 0.8 pips for EUR/USD, but these are not confirmed as average values and lack a specified date range. Despite this uncertainty, FinecoBank is known to provide lower spreads for index CFDs. FinecoBank is rated 3.5 out of 5 stars and is ranked #50 out of 62 brokers in the commissions and fees category by ForexBrokers.com.
Trade Nation, on the other hand, presents a more straightforward and competitive fee structure. It offers fixed-spread pricing on its proprietary platform and variable-spread pricing on its MetaTrader platform. With a fixed spread of 0.6 pips for the EUR/USD pair, Trade Nation ensures consistent pricing, though spreads can widen during the daily rollover period. This solid average spread performance is further supported by various account options, including a commission-based Raw Spread account, a commission-free account on MetaTrader, and a TN Trader account optimized for lower all-in costs. Trade Nation excels in this category with a 5-star rating and holds a strong #7 ranking among 62 brokers as per ForexBrokers.com.
In summary, FinecoBank and Trade Nation cater to different market needs with their fees and commissions structures. FinecoBank may appeal to traders looking for lower spreads on index CFDs, even though its overall cost transparency could improve. Trade Nation, with its consistent and competitive fixed spread pricing and diverse account offerings, stands out as a clear choice for traders seeking reliable and straightforward trading costs.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.6 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | No |
| 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.
When comparing the range of investment options offered by FinecoBank and Trade Nation, FinecoBank emerges as a more versatile platform. FinecoBank provides access to 9,770 tradeable symbols, significantly overshadowing the 1,000 available with Trade Nation. With FinecoBank, investors can explore 54 forex pairs, slightly edging out the 46 pairs offered by Trade Nation. Additionally, FinecoBank allows its clients to invest in exchange-traded securities on both U.S. and international markets, enabling users to purchase shares like Apple on NASDAQ or Vodafone on the London Stock Exchange. In contrast, Trade Nation does not offer the option to buy such securities.
Trade Nation has a unique selling point with its copy trading feature, which doesn’t exist in FinecoBank’s offerings. Moreover, Trade Nation offers the ability to trade cryptocurrency derivatives, a feature FinecoBank lacks. However, neither platform provides the option to own actual cryptocurrencies. FinecoBank holds a higher rating of 4.5 stars from ForexBrokers.com for its range of investments, and ranks #16 out of 62 brokers, indicating a strong selection for diversified investments. Trade Nation, with a 3.5-star rating, ranks #38, showing it has a more limited investment range in comparison.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1000 |
| Forex Pairs (Total) | 54 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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 Trade Nation are both strong contenders in the realm of online trading platforms, offering proprietary software developed in-house. Both brokers cater to different types of traders depending on their specific needs. FinecoBank offers a Windows-based desktop application along with a web-based trading platform, providing traders with flexibility in how they access the market. However, FinecoBank does not offer a simulated trading experience with a free virtual demo account. In contrast, Trade Nation excels by offering a demo account, which can be beneficial for newcomers looking to practice their strategies risk-free. When it comes to specialized platforms like MetaTrader 4, Trade Nation offers this renowned platform, while FinecoBank does not support either MetaTrader 4 or 5.
For those interested in technical analysis, FinecoBank users have access to seven chart drawing tools, which is less than the 39 available with Trade Nation, allowing for more detailed analysis with the latter. Trade Nation also features more comprehensive options with 14 fields for watch lists compared to FinecoBank. Copy trading is another area where Trade Nation stands out, as FinecoBank does not offer this feature. Despite these differences, both brokers rank well in terms of user satisfaction, with each receiving four out of five stars for their trading platforms and tools. That said, FinecoBank holds a higher position than Trade Nation in ForexBrokers.com's rankings, coming in at 17th compared to Trade Nation's 44th place out of 62 brokers.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 115 |
| Charting - Drawing Tools (Total) | 7 | 39 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | N/A | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and Trade Nation provide convenient mobile trading platforms for iPhone and Android users, ensuring traders have access to the markets on the go. Each app offers features like stock or forex price alerts and the ability to view multiple time frames on charts. However, there are some key differences. Trade Nation offers an edge with its 99 technical studies for charting, compared to FinecoBank's 6, and allows users to draw trendlines on charts—a feature FinecoBank doesn't support. Additionally, Trade Nation enhances user experience by auto-saving chart drawings and syncing watchlist symbols with a client's online account, making it easier to manage trades seamlessly across platforms.
When it comes to creating watchlists with real-time quotes, Trade Nation provides this functionality, whereas FinecoBank does not. In terms of user satisfaction and professional ranking, both platforms are rated 4 stars for their mobile trading apps. Interestingly, FinecoBank is ranked #42 out of 62 brokers according to ForexBrokers.com, slightly ahead of Trade Nation, which stands at #45. Each platform has its strengths, appealing to different trading needs and preferences.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 99 |
| 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 diving into market research offerings, FinecoBank and Trade Nation present unique strengths and limitations. FinecoBank shines by providing forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed with high-quality information. Additionally, it features an economic calendar covering global news events, a valuable tool for macroeconomic planning. However, FinecoBank falls short in offering daily market commentary and several specialized research tools like those from Trading Central or Autochartist. Despite these gaps, FinecoBank earns a solid 4-star rating for research, positioning it at #33 out of 62 brokers, according to ForexBrokers.com.
Trade Nation, on the other hand, captivates with its daily market commentary and unique sentiment-based trading tool, helping traders gauge market dynamics through long and short position ratios. It further bolsters its research portfolio with tools from Acuity Trading, like Signal Centre, offering diverse insights. However, it lacks an economic calendar and support for specialized research tools from Trading Central or Autochartist. Although Trade Nation receives a slightly lower research rating of 3.5 stars, its offerings underscore a commitment to providing traders with actionable insights, earning it a #42 rank out of 62 brokers according to ForexBrokers.com.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| 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 | No |
Dive deeper: Best Brokers for Forex Research.
For those exploring online trading and seeking educational resources, both FinecoBank and Trade Nation provide valuable materials tailored to beginners. FinecoBank offers online webinars each month, providing an excellent opportunity for live learning, though they lack an accessible archive of past sessions. They also feature beginner-focused educational videos and a comprehensive investor dictionary with over 50 terms explained, ensuring newcomers can grasp essential trading concepts. However, FinecoBank falls short in advanced educational content, which may limit more experienced traders looking to expand their knowledge.
Trade Nation, on the other hand, delivers an impressive array of over 10 educational pieces dedicated to forex and CFDs, making it a great choice for beginners eager to dive into these specific trading areas. Although they do not host live webinars, their extensive collection of advanced educational videos caters to seasoned traders hoping to hone their skills. Trade Nation also provides an investor dictionary similar in scope to FinecoBank's. Despite a slightly lower overall education rating and a lower broker ranking than FinecoBank, Trade Nation’s focus on comprehensive content for both beginners and advanced traders offers a solid educational foundation for anyone ready to start their trading journey.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| 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 | 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 Trade Nation. FinecoBank finished with an overall rank of #25, while Trade Nation finished with an overall rank of #34.
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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Trade Nation
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 85 |
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While both FinecoBank and Trade Nation do not offer the ability to purchase actual (delivered) cryptocurrency, only Trade Nation provides the option to buy cryptocurrency derivatives.
FinecoBank supports ACH or SEPA transfers and bank wires for account transactions, while Trade Nation offers Skrill, Visa or Mastercard, and bank wires, but not ACH or SEPA transfers, with neither platform accepting PayPal.
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 | Trade Nation | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Trade Nation Review |
| Broker Screenshots | FinecoBank | Trade Nation | |
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| Regulation | FinecoBank | Trade Nation | |
|---|---|---|---|
| Trust Score | 94 | 85 | |
| Year Founded | 1999 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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 | No |
| Tier-2 Licenses (Trusted) | FinecoBank | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1000 | |
| Forex Pairs (Total) | 54 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | Trade Nation | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 14 | |
| Charting - Indicators / Studies (Total) | 37 | 115 | |
| Charting - Drawing Tools (Total) | 7 | 39 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | FinecoBank | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 99 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | FinecoBank | Trade Nation | |
|---|---|---|---|
| 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 | No |
| Education | FinecoBank | Trade Nation | |
|---|---|---|---|
| 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 | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | Trade Nation | |
|---|---|---|---|
| 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 | Trade Nation Review |
| Overall | FinecoBank | Trade Nation | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Trade Nation Review |
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