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 | 2 |
When considering FinecoBank and Vantage for online trading, their differences in commissions and fees become quite apparent. FinecoBank, rated 3.5 stars for commissions and fees, ranks at #50 out of 62 brokers according to ForexBrokers.com. Unfortunately, FinecoBank doesn't publish average spread data for forex and CFD trading, making a precise evaluation challenging. The available figures show a spread of 1 pip for EUR/USD, which is higher than what many forex brokers typically offer. Despite inconsistencies in their spread listing, Fineco does present competitive spreads for index CFDs.
In contrast, Vantage boasts a higher rating of 4.5 stars, placing it at #18 out of 62 brokers for commissions and fees. Vantage offers a variety of account types with different trading costs, such as the spread-only Standard STP account and the commission-based RAW ECN and PRO ECN accounts. For the Standard STP account, spreads average at 1.30 pips for EUR/USD, whereas the RAW account offers tighter spreads averaging 0.75 pips after including a $6 round turn commission. For active traders or those meeting specific requirements, the PRO ECN account offers a very competitive $4 round turn commission, making it Vantage's most economical option.
Vantage also provides an attractive active trader program that offers rebates, depending on your balance and volume, though it's only applicable to the Standard account. At the end of the day, Vantage's pricing is in line with industry standards and provides more options to reduce trading costs compared to FinecoBank, particularly for those who qualify for their PRO ECN account or take advantage of their active trader program.
| 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 | No |
| 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.
FinecoBank and Vantage are both prominent online brokers that offer forex trading as a CFD or spot contract. However, when it comes to the diversity and breadth of investment options, FinecoBank stands out by offering a remarkable 9,770 tradeable symbols compared to Vantage's 1,000. While Vantage provides a slightly higher number of tradeable forex pairs with 57 options, FinecoBank isn't far behind with 54 pairs. FinecoBank excels in providing access to exchange-traded securities not only on U.S. exchanges, such as buying Apple shares, but also on international exchanges like the London Stock Exchange for shares such as Vodafone. In contrast, Vantage does not offer exchange-traded securities on either U.S. or international exchanges, limiting direct access to individual shares for its users.
On the other hand, Vantage offers copy trading and cryptocurrency derivatives, features that FinecoBank does not provide. This appeals to those interested in social trading and diversification through digital asset derivatives. However, neither broker allows clients to buy delivered cryptocurrencies directly. Overall, FinecoBank earns a higher rating of 4.5 stars for its range of investments, whereas Vantage holds a rating of 3.5 stars. In terms of ranking by ForexBrokers.com, FinecoBank is placed significantly higher at #16 out of 62 brokers, compared to Vantage which ranks at #50. This suggests that potential investors looking for a wide array of traditional investment options might find FinecoBank a more suitable choice.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1000 |
| Forex Pairs (Total) | 54 | 57 |
| 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.
When comparing the trading platforms and tools of FinecoBank and Vantage, it's clear that each broker has its own strengths. Both brokers offer proprietary platforms, which means they each have unique in-house developed platforms tailored to their services. Additionally, both FinecoBank and Vantage provide Windows-based desktop applications and web-based trading platforms. However, Vantage has a compelling edge when it comes to simulated trading by offering a free virtual demo account, which is a feature FinecoBank does not provide. When it comes to compatibility with popular third-party platforms, Vantage stands out by supporting MetaTrader 4, MetaTrader 5, DupliTrade, and ZuluTrade, none of which are available with FinecoBank.
Vantage further distinguishes itself with its support for copy trading, allowing traders to replicate the strategies of successful investors, a feature not available on FinecoBank's platform. In terms of tools for technical analysis, Vantage offers more drawing tools (15 compared to FinecoBank's 7) and allows users to trade directly from stock charts, whereas FinecoBank does not. For watchlist customization, Vantage provides seven different fields, a feature without provided data for FinecoBank. Both brokers are rated four stars for their trading platforms and tools, although Vantage is ranked slightly higher in ForexBrokers.com's category ranking, taking the 15th spot, while FinecoBank ranks 18th out of 62 brokers reviewed.
| 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 | Yes |
| 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.
When it comes to mobile trading apps, both FinecoBank and Vantage offer iPhone and Android versions, allowing users to access their trading accounts with ease. Both platforms provide stock and forex price alerts, ensuring traders are always informed about market movements. While neither app syncs watchlist symbols with their respective online accounts, they differ significantly in other features. FinecoBank offers six technical studies for chart analysis, whereas Vantage provides a more extensive choice with 30 studies. Vantage further enhances its app with trendline drawing capabilities, multiple time frame views for charts, automatic saving of drawing changes, and real-time quotes on watchlists—features that FinecoBank's app lacks.
Despite these differences, both FinecoBank and Vantage receive similar ratings of 4 out of 5 stars from users for their mobile trading apps. However, Vantage ranks higher in ForexBrokers.com's listing, securing the 26th spot out of 62 brokers, while FinecoBank is positioned at 42. Vantage's enhanced charting features and real-time capabilities might appeal to traders looking for more in-depth analysis tools, whereas FinecoBank still serves as a reliable option for those needing straightforward trading functionalities on their mobile devices.
| 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 FinecoBank and Vantage in terms of market research resources, both brokers offer comprehensive forex news sourced from top-tier providers like Bloomberg and Reuters. However, Vantage provides daily market commentary, giving it an edge for traders seeking regular insights, which FinecoBank does not offer. Although neither broker supplies tools from Autochartist, Vantage distinguishes itself by offering technical analysis features through Trading Central, a service FinecoBank lacks. Additionally, Vantage includes a sentiment-based trading tool, allowing traders to gauge market trends through position ratios, enhancing the decision-making process for currency pairs—another feature not available with FinecoBank.
Both brokers support traders with an economic calendar that highlights crucial global news and events, ensuring users stay informed about worldly economic changes. Importantly, neither FinecoBank nor Vantage access research tools from companies like TipRanks or Acuity Trading. Despite their different strengths, both brokers achieve a commendable four-star research rating. However, in rankings by ForexBrokers.com, Vantage holds a higher position at 24 out of 62 brokers, compared to FinecoBank's ranking of 33, indicating a slight preference towards Vantage based on research offerings within the industry.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| 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 outshines FinecoBank in several key areas. Vantage provides a wide array of educational materials focused on forex and CFDs, offering more than ten pieces like articles, videos, and archived webinars. This wealth of information is easily accessible, allowing beginners to delve into forex and CFDs with confidence. Both brokers offer online webinars for clients each month, enriching the educational experience. However, Vantage takes it a step further with a searchable archive of past webinars, giving users the flexibility to learn at their own pace. Both platforms provide over ten educational videos aimed at beginners, ensuring a solid foundation in trading. However, only Vantage extends its learning resources to cater to experienced traders with advanced videos.
FinecoBank and Vantage both offer an investor dictionary containing more than fifty investing terms, which is an excellent tool for new traders to familiarize themselves with industry jargon. Even though both brokers earn a four-star rating for education, Vantage edges ahead of FinecoBank in the ForexBrokers.com rankings for educational offerings, sitting at a respectable 27th out of 62 brokers compared to FinecoBank’s 49th ranking. This suggests that while both brokers cater to beginners, Vantage provides a more comprehensive and accessible educational experience, making it a more attractive choice for those looking to enhance their trading knowledge.
| 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
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| 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 | 2 |
| 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 | 57 | |
| 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 | No | |
| 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 | Yes |
| 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 | No | |
| 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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