Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Vantage, 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 and Vantage are both well-regulated online brokers, but they differ in a few key areas. Founded in 1999, FinecoBank is a publicly traded entity and operates as a bank, holding two Tier-1 licenses. It boasts a Trust Score of 94, placing it within the highly trusted category according to ForexBrokers.com. On the other hand, Vantage, established in 2009, is not publicly traded and does not operate as a bank. However, it also holds two Tier-1 licenses and has a Trust Score of 90, ensuring it is highly trusted.
While both brokers have a similar level of Tier-1 licensing, Vantage holds an additional Tier-2 license, which FinecoBank does not possess. This gives Vantage some versatility in the regulatory landscape, though FinecoBank's status as a publicly traded bank might offer added transparency and stability to its clients. Both brokers are considered safe choices for online trading, but these nuances might influence a potential trader's decision based on their personal preferences and investment goals.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| 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 | 3 |
When comparing the commissions and fees of FinecoBank and Vantage, both online brokers present distinct pricing structures and options. FinecoBank, with a 3.5-star rating and ranked 50th out of 62 brokers, doesn't offer detailed information on average spreads for forex and CFD trading, which makes evaluating its trading costs rather challenging. The broker lists a spread of 1 pip for EUR/USD, which is relatively high compared to industry norms. Although FinecoBank mentions a spread of 0.8 pips, it does not specify if these figures represent average values or provide a date range. FinecoBank does offer comparatively lower spreads on index CFDs.
Vantage, rated 4.5 stars and ranked 19th, provides more transparency with various account structures that influence trading costs. The Standard STP account features typical spreads of 1.30 pips on the EUR/USD, while the Raw ECN account presents more competitive average spreads of 0.15 pips and a commission of $3 per side ($6 round turn), totaling around 0.75 pips for the same currency pair. Vantage’s PRO account stands out for its cost efficiency, with a commission of $2 per side ($4 round turn), making it an attractive choice for eligible traders. However, opening a PRO account requires meeting specific conditions based on the entity with which your account is held, be it in Australia or the Cayman Islands.
Moreover, Vantage offers an active trader program that delivers rebates up to $8 per standard lot, depending on your balance and trading volume. Nonetheless, this program is exclusively available for the Standard account, which has the highest spreads among the account options. Overall, Vantage’s pricing aligns with industry averages and, while not as low as brokers like Saxo, IG, and CMC Markets, it still offers competitive rates particularly through its PRO and Raw ECN accounts.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.30 |
| All-in Cost EUR/USD - Active | N/A | 0.75 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 investment offerings of FinecoBank and Vantage, both online brokers provide opportunities for forex trading as CFDs or spot contracts. FinecoBank distinguishes itself with a vast array of 9,770 tradeable symbols, while Vantage offers a smaller selection of 1,000 symbols. Although Vantage supports slightly more tradeable forex pairs than FinecoBank, with 61 versus 54, FinecoBank excels in providing access to exchange-traded securities on both U.S. and international exchanges. This allows clients to invest directly in companies like Apple and Vodafone, a feature not available with Vantage.
In addition to forex trading, Vantage provides customers with the option to engage in copy trading and access cryptocurrency derivatives, whereas FinecoBank does not offer these services. Despite this, FinecoBank is highly rated with 4.5 stars for its range of investments and ranks #16 out of 62 brokers in this category, as per ForexBrokers.com. In comparison, Vantage receives a rating of 3.5 stars and ranks #50, reflecting a narrower investment offering overall. Both platforms do not offer the option to buy actual cryptocurrencies, focusing instead on derivatives in Vantage’s case.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1000 |
| Forex Pairs (Total) | 54 | 61 |
| 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 Vantage both present strong platforms for traders, yet they cater differently to user preferences and trading styles. FinecoBank offers an in-house developed proprietary platform, supporting both Windows-based desktop and web-based trading. However, it lacks some popular features like simulated trading accounts and trading from stock charts, which are supported by Vantage. Additionally, FinecoBank does not offer popular platforms like MetaTrader 4 and 5, or copy trading options, constraining traders who might seek these specific tools.
On the other hand, Vantage is favored for its inclusion of a simulated trading account and its robust support for popular trading platforms such as MetaTrader 4 and 5. It supports a proprietary platform and offers both desktop and web-based trading experiences. Trading can be done directly from stock charts, enhancing user convenience, and it offers more drawing tools compared to FinecoBank. For those interested in social trading, Vantage provides copy trading and DupliTrade. Overall, FinecoBank ranks slightly higher at #17 compared to Vantage's #21 in the ForexBrokers.com Trading Platforms and Tools category, yet both earn equal ratings of four stars, reflecting their competitive offerings.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| 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 | Yes |
| 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 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and Vantage offer trading apps for iPhone and Android devices, making them convenient choices for traders on the go. They both provide essential features like stock and forex price alerts, ensuring users stay informed about market changes. However, while neither app supports watchlist symbol syncing with their online accounts, there are notable differences in their functionalities. FinecoBank offers 6 technical studies for charting, whereas Vantage provides a more comprehensive set of 30 technical studies. Additionally, Vantage allows users to draw trendlines on charts, a feature not available in FinecoBank’s app. Both apps let traders view multiple time frames on their charts.
Vantage holds a slight edge when it comes to extra features like the ability to autosave chart drawings and create watchlists with real-time quotes, which FinecoBank’s app does not offer. Despite these differences, both apps have received a 4-star rating for mobile trading. However, Vantage ranks higher overall at #27 compared to FinecoBank's #42 out of 62 brokers, according to ForexBrokers.com. This ranking reflects the additional features and functionalities that Vantage brings to mobile trading, offering a more versatile experience for traders looking to manage their investments from their smartphones.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| 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 the market research offerings of FinecoBank and Vantage, there are some notable differences in their features. FinecoBank provides forex news from reputable sources like Bloomberg and Reuters and includes an economic calendar to track events affecting global markets. However, it lacks daily market commentary and does not provide advanced research tools from providers like Autochartist or Trading Central. Despite this, FinecoBank secures a solid rating of four stars for research, positioning it at #33 out of 62 brokers according to ForexBrokers.com.
Vantage, on the other hand, stands out with daily market commentary and a more comprehensive set of research tools, such as those from Autochartist and Trading Central, offering traders valuable insights and analysis. It also provides forex news from top-tier sources and maintains an economic calendar similar to FinecoBank. Notably, Vantage includes a sentiment-based trading tool that offers insights into trading strategies by showing the ratio of long and short positions across different instruments. Rated four stars for its research capabilities, Vantage ranks higher at #21 among 62 brokers, as assessed by ForexBrokers.com.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| 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, Vantage stands out as a comprehensive learning platform compared to FinecoBank. Vantage offers over ten educational resources such as articles, videos, and archived webinars that focus on forex and CFDs, which FinecoBank does not offer. Both brokers host regular monthly webinars which provide valuable real-time learning experiences, but Vantage provides the added advantage of a searchable archive of these sessions, making it easy for users to revisit and reinforce their knowledge at any time.
For video content tailored to beginners, both platforms are well-equipped, offering a library of more than ten beginner-focused videos each. However, for more advanced traders seeking higher-level educational videos, Vantage clearly has an edge, as it provides a more extensive selection of advanced topics compared to FinecoBank. Both brokers include an investor dictionary to help users get familiar with key investing terms. Despite both receiving a four-star rating for education, Vantage's comprehensive offering and higher ranking by ForexBrokers.com suggest it may be the preferable choice for those new to trading. FinecoBank is ranked #49, whereas Vantage holds a more favorable position at #24 out of 62 brokers.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| 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 Vantage. FinecoBank finished with an overall rank of #25, while Vantage finished with an overall rank of #26.
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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Vantage
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 90 |
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While both FinecoBank and Vantage do not offer the ability to purchase actual (delivered) cryptocurrencies, only Vantage provides the option to trade cryptocurrency derivatives.
FinecoBank supports ACH and SEPA transfers and offers bank wire options for depositing or withdrawing funds, but does not support PayPal, Skrill, or card payments via Visa or Mastercard, whereas Vantage does not support ACH or SEPA transfers but provides multiple payment options, including PayPal, Skrill, Visa, and Mastercard, along with bank wire transfers, offering a broader range of deposit and withdrawal options for users.
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 | Vantage | |
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| Trust Score | 94 | 90 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Vantage Review |
| Broker Screenshots | FinecoBank | Vantage | |
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| Regulation | FinecoBank | Vantage | |
|---|---|---|---|
| Trust Score | 94 | 90 | |
| Year Founded | 1999 | 2009 | |
| 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 | 3 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1000 | |
| Forex Pairs (Total) | 54 | 61 | |
| 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 | Vantage | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.30 | |
| All-in Cost EUR/USD - Active | N/A | 0.75 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | Vantage | |
|---|---|---|---|
| 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 | Yes | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| 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 | Vantage | |
|---|---|---|---|
| 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 | 30 | |
| 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 | Vantage | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| 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 | Vantage Review |
| Overall | FinecoBank | Vantage | |
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| Trust Score | 94 | 90 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Vantage Review |
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