Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Trading 212, 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, and Trading 212, founded in 2004, offer distinct features within the online brokerage realm. FinecoBank is a publicly traded entity and operates as a bank, providing an added layer of security and trust for users. On the other hand, Trading 212 is not publicly traded and does not function as a bank, which may influence its perception of stability. Both brokers hold two Tier-1 licenses, indicating a high level of trustworthiness according to ForexBrokers.com standards.
When it comes to trust scores, FinecoBank boasts a remarkable rating of 94 out of 99, positioning it as a highly trusted platform. Conversely, Trading 212 has a trust score of 79, suggesting an average risk level. While neither broker holds Tier-2 licenses, FinecoBank’s impressive trust score and status as a publicly traded bank may appeal to investors seeking a highly trusted and stable option for online trading.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Year Founded | 1999 | 2004 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing FinecoBank and Trading 212 based on their commissions and fees, both brokers have their own strengths and weaknesses. FinecoBank does not publicly share its average spread data for forex and CFD trading, which makes it challenging for traders to fully gauge the brokerage's trading costs. Despite listing a spread of 1 pip for the EUR/USD pair and lower spreads on index CFDs, FinecoBank's spread is considered higher than typical offerings. This translates to FinecoBank earning a 3.5-star rating for commissions and fees, and it ranks 50th out of 62 brokers, according to ForexBrokers.com.
In contrast, Trading 212 provides a more transparent fee structure. It offers two account types: the Invest account, which requires a minimum deposit of 1 euro for trading shares, and the CFD account, which requires a 10 euro deposit and focuses on trading CFDs. While Trading 212 promotes a zero-commission trading model, traders must still contend with spreads for CFDs and forex. The broker has started disclosing its average spread data, including an average spread of 1.9 pips for the EUR/USD pair as of January 2024. Although this spread is higher than the industry standard, Trading 212's commitment to transparency earns it 4 stars and a rank of 43 out of 62 brokers for commissions and fees, according to ForexBrokers.com.
In summary, both FinecoBank and Trading 212 present traders with distinct trading environments. FinecoBank offers slightly lower spreads on index CFDs but lacks transparency regarding average spread data, resulting in lower ratings and rankings. Meanwhile, Trading 212's zero-commission structure and transparency with spread data offer certain advantages, despite its higher-than-average spreads for EUR/USD trades. Traders should consider these factors and their individual trading needs when selecting a broker.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €10 |
| Average Spread EUR/USD - Standard | N/A | 1.9 |
| All-in Cost EUR/USD - Active | N/A | 1.9 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and Trading 212 both offer a wide range of investment options to cater to diverse trading needs. FinecoBank provides access to 9,770 tradeable symbols, including 54 forex pairs, and allows traders to purchase exchange-traded securities on both U.S. and international exchanges. However, while investors can trade forex either as a CFD or a spot contract, FinecoBank does not support the purchase of cryptocurrency derivatives. This comprehensive range of offerings earns FinecoBank a 4.5-star rating for its range of investments, securing the 16th spot in this category as ranked by ForexBrokers.com.
Trading 212, on the other hand, offers 8,025 tradeable symbols and an impressive 146 forex pairs, also available as CFDs. Like FinecoBank, it facilitates the purchase of exchange-traded securities on U.S. and international exchanges. Furthermore, Trading 212 distinguishes itself by offering cryptocurrency derivatives, albeit not the actual coins. With a 5-star rating for its diverse investment choices, Trading 212 is ranked 15th among brokers by ForexBrokers.com. Neither FinecoBank nor Trading 212 offers features such as copy trading or the ability to buy actual cryptocurrencies, keeping their focus primarily on a broad span of tradeable securities.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 8025 |
| Forex Pairs (Total) | 54 | 146 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| 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.
When comparing the trading platforms and tools of FinecoBank and Trading 212, both brokers offer proprietary platforms that cater to users through web-based platforms. FinecoBank also extends its service to Windows-based desktop platforms, unlike Trading 212. Although neither broker supports popular third-party platforms like MetaTrader 4 or 5, they both offer comprehensive charting capabilities. FinecoBank provides seven drawing tools for charting enthusiasts, while Trading 212 offers a more extensive selection of 20. Additionally, Trading 212 stands out for offering the ability to trade directly from stock charts, a feature FinecoBank lacks. Both brokers are rated four stars in trading platforms and tools, with FinecoBank ranking slightly higher at #18 compared to Trading 212's #21 according to ForexBrokers.com.
For those exploring virtual trading, Trading 212 offers a simulated paper trading experience with a free virtual demo account, an option not available with FinecoBank. When it comes to watch lists, Trading 212 allows customization with up to five columns, giving traders more flexibility to monitor investments. While neither broker supports copy trading or services like DupliTrade and ZuluTrade, they both provide strong offerings for traders looking for reliable in-house platforms to execute their trading strategies. Overall, FinecoBank and Trading 212 have carved out reputable positions in the online broker space, with each offering distinctive features that cater to different trading preferences.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 54 |
| Charting - Drawing Tools (Total) | 7 | 20 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and Trading 212 provide mobile apps for iPhone and Android users, catering to those who prefer trading on the go. While both apps offer essential features like stock and forex price alerts and the ability to view various time frames on charts, there are some significant differences between them that could influence your decision. Trading 212 stands out by offering features such as watchlist symbol syncing, allowing seamless transitions between mobile and web platforms. This platform also provides extensive charting capabilities with 104 technical studies and trendline drawing, which are missing in FinecoBank's app.
Another advantage of Trading 212's app is the ability to create watchlists with real-time quotes and auto-save chart drawings, features that FinecoBank does not offer. While FinecoBank's app provides a competent experience with its 6 technical studies and a four-star rating, Trading 212 matches this rating and excels in functionality, earning a higher ranking compared to FinecoBank by ForexBrokers.com. Overall, Trading 212 might be more appealing to traders looking for comprehensive tools and syncing features. However, FinecoBank still offers a solid platform for those who require core trading capabilities.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 104 |
| 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 comparing FinecoBank and Trading 212 in terms of market research, both brokers offer access to forex news from top-tier sources like Bloomberg and Reuters, as well as economic calendars to keep investors updated on major events worldwide. However, neither platform provides daily market commentary or analysis tools from Autochartist or Trading Central. While Trading 212 offers a sentiment-based trading tool that provides insights into long and short positions, FinecoBank lacks this feature. Additionally, neither broker offers research tools from TipRanks or Acuity Trading, such as Signal Centre, leaving investors to seek additional data independently.
FinecoBank garners a research rating of 4 stars, slightly outperforming Trading 212, which earns a 3.5-star rating. When measured against 62 brokers evaluated by ForexBrokers.com, FinecoBank ranks at #33 while Trading 212 trails behind at #46. Despite some shared research features, FinecoBank's higher rating indicates a more favorable research offering, making it a potentially better choice for investors prioritizing research depth in their trading platforms.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Daily Market Commentary | No | No |
| 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 | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FinecoBank and Trading 212 each offer unique advantages and features. FinecoBank provides a monthly online webinar series, offering live learning experiences for users. Their library includes at least ten beginner-focused videos, equipping novices with essential trading knowledge. However, FinecoBank falls short in forex or CFDs education, not meeting the minimum of ten educational resources. Additionally, they do not offer a searchable archive of recorded webinars, which can limit access to past learning sessions. FinecoBank does feature an investor dictionary with more than 50 investing terms, contributing to a robust start for new investors.
In contrast, Trading 212 impresses with a comprehensive forex and CFDs educational library, consisting of over ten resources such as articles and videos. Monthly webinars are also provided to continually update clients. Unlike FinecoBank, Trading 212 houses a searchable archive of these webinars, allowing users to revisit past sessions conveniently. Beginners are catered to with a collection of more than ten educational videos, while experienced traders have access to advanced content, enhancing their expertise. Trading 212 also offers an extensive investor dictionary. Despite Trading 212's broader educational offerings, it receives a slightly lower educational rating of 3.5 stars compared to FinecoBank's 4 stars, although it ranks higher in the education category among brokers.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| 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 Trading 212. FinecoBank finished with an overall rank of #25, while Trading 212 finished with an overall rank of #31.
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
|
Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 79 |
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FinecoBank does not offer the ability to buy actual cryptocurrency or cryptocurrency derivatives, while Trading 212 does not provide the option to buy actual cryptocurrency but does offer cryptocurrency derivatives.
When comparing the online brokers FinecoBank and Trading 212 in terms of fund deposit and withdrawal options, both offer ACH and SEPA transfers as well as bank wires, but Trading 212 has the additional benefit of accepting PayPal and Visa or Mastercard payments, which FinecoBank does not, and neither platform supports Skrill transactions.
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 | Trading 212 | |
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| Trust Score | 94 | 79 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Trading 212 Review |
| Broker Screenshots | FinecoBank | Trading 212 | |
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| Regulation | FinecoBank | Trading 212 | |
|---|---|---|---|
| Trust Score | 94 | 79 | |
| Year Founded | 1999 | 2004 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Trading 212 | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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) | FinecoBank | Trading 212 | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | Trading 212 | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 8025 | |
| Forex Pairs (Total) | 54 | 146 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| 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 | Trading 212 | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.9 | |
| All-in Cost EUR/USD - Active | N/A | 1.9 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Trading 212 | |
|---|---|---|---|
| Minimum Deposit | $0 | €10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | Trading 212 | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Trading 212 | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 5 | |
| Charting - Indicators / Studies (Total) | 37 | 54 | |
| Charting - Drawing Tools (Total) | 7 | 20 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Trading 212 | |
|---|---|---|---|
| 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 | 104 | |
| 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 | Trading 212 | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| 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 | Trading 212 | |
|---|---|---|---|
| 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 | Trading 212 | |
|---|---|---|---|
| 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 | Trading 212 Review |
| Overall | FinecoBank | Trading 212 | |
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| Trust Score | 94 | 79 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Trading 212 Review |
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