Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs VT Markets, 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 was founded in 1999 and is a publicly traded company with the added benefit of being an actual bank. This broker holds two highly valued Tier-1 licenses, contributing to its impressive Trust Score of 94 out of 99 according to ForexBrokers.com, indicating it is highly trusted. As a bank and a listed company, FinecoBank offers a level of transparency and confidence that many investors seek when choosing an online broker.
Founded in 2016, VT Markets is privately held and does not operate as a bank. It has secured one Tier-1 license and one Tier-2 license, achieving a Trust Score of 70, which places it in the average risk category. While VT Markets provides trading opportunities and holds licenses that reflect a certain degree of trust, it lacks the banking status and the higher trust rating that FinecoBank enjoys, which might be crucial factors for more cautious investors.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Year Founded | 1999 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing FinecoBank and VT Markets, the differences in their commission and fee structures become apparent. FinecoBank is less transparent with its pricing, making it hard to gauge the true cost of trading forex and CFDs. While it lists a 1 pip spread for the EUR/USD pair, it doesn't specify whether this is an average, and no time frame is provided. For index CFDs, FinecoBank appears to offer more competitive spreads, but specifics are sparse. With these considerations, FinecoBank receives a 3.5-star rating and ranks #50 out of 62 brokers for commissions and fees.
VT Markets offers a clearer view with its two account types: the Raw ECN and the Standard STP. The Standard STP account is commission-free, but its spreads are higher, averaging 1.2 pips for the EUR/USD pair. On the other hand, the Raw ECN account, requiring a minimum deposit of $100, provides more attractive pricing with an effective spread of 0.83 pips when factoring in commissions and average spreads. This competitive structure gives VT Markets a 4.5-star rating and a #20 ranking among 62 brokers in the same category.
In summary, while FinecoBank struggles with transparency, VT Markets offers more clarity and flexibility in its commission and fee structure, favoring traders who prefer straightforward costs. The ratings and rankings reflect this advantage, positioning VT Markets as a more cost-effective option among online brokers for those concerned about fees. FinecoBank might still be appealing to traders with specific preferences, but for a clearer and potentially cost-saving option, VT Markets stands out.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| 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.
FinecoBank and VT Markets offer diverse investment opportunities, but they cater to different trading preferences. FinecoBank impresses with its vast array of 9,770 tradeable symbols, including 54 forex pairs, making it an attractive option for traders seeking variety. It goes a step further by providing direct access to exchange-traded securities on both U.S. and international markets, allowing clients to invest in household names like Apple and Vodafone directly. However, FinecoBank does not support copy trading or cryptocurrency derivatives, which might deter those interested in these areas. Rated at 4.5 stars for its investment range, FinecoBank holds a commendable 16th rank out of 62 brokers as per ForexBrokers.com.
In contrast, VT Markets focuses on offering essential investment tools with its 1,000 tradeable symbols and 39 forex pairs. While it lacks the option to trade direct U.S. exchange securities, it compensates with the availability of international securities and the ability to explore cryptocurrency derivatives. A big plus for VT Markets is its support for copy trading, appealing to traders who seek strategy sharing and communal engagement. With a Range of Investments rating of 3.5 stars, VT Markets secures the 39th position on ForexBrokers.com, highlighting its more focused but limited array of options compared to FinecoBank.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1000 |
| Forex Pairs (Total) | 54 | 39 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 FinecoBank and VT Markets, FinecoBank stands out with its proprietary platform developed in-house, offering a seamless web-based and Windows-based desktop experience. However, it misses the mark on providing a simulation or demo trading account, a feature VT Markets does offer to its users. On the other hand, VT Markets shines with widely-used platforms like MetaTrader 4 and 5, which FinecoBank does not support. Both brokers receive the same four-star rating for their trading platforms and tools, yet FinecoBank's in-house solution is ranked higher by ForexBrokers.com, securing the 18th spot out of 62 brokers, while VT Markets ranks at 47th.
VT Markets provides a more comprehensive set of tools with 30 charting drawing tools compared to FinecoBank’s 7 and includes the ability to trade directly from a stock chart—a feature FinecoBank lacks. Additionally, VT Markets offers features like copy trading and maintains a structured watch list with up to seven columns for detailed tracking, giving traders more flexibility and options. Despite some drawbacks, both platforms offer quality trading environments, each catering to different types of traders depending on their platform preferences and tool requirements.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| 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 | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 15 |
| Charting - Drawing Tools (Total) | 7 | 30 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For those considering mobile trading platforms, both FinecoBank and VT Markets offer an iPhone and Android app, making them accessible for most smartphone users. Each provides alerts for stock and forex prices, ensuring users are notified of significant market movements. While they lack the feature of synchronizing watchlists between the mobile app and the online account, they compensate with other functionalities. However, VT Markets takes the lead in charting options, offering 30 technical studies compared to FinecoBank's 6, and provides the ability to draw trendlines on charts, whereas FinecoBank does not. Both platforms allow users to view different time frames on stock or forex charts, which can be beneficial for those looking to analyze market trends over various periods.
Despite the competitive features VT Markets offers in charting and watchlists with real-time quotes, both apps are highly rated for mobile trading, receiving 4 out of 5 stars. In terms of ranking, FinecoBank is positioned at #42, slightly ahead of VT Markets, which is ranked #44 by ForexBrokers.com. This suggests that while both platforms have their strengths and limitations, user satisfaction remains relatively high. Choosing between the two may come down to the specific charting tools and features that best suit an individual's trading needs.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research capabilities, FinecoBank and VT Markets each offer unique advantages for online trading enthusiasts. FinecoBank delivers reliable forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, ensuring that traders have access to trusted information. Although it does not provide daily market commentary or tools like Trading Central's technical analytics, FinecoBank is equipped with a comprehensive economic calendar to keep traders informed about important global events. On the other hand, VT Markets not only offers forex news from notable sources but also provides daily market commentary to enhance the trading experience. Additionally, VT Markets stands out by offering Trading Central's technical analytic tools and a sentiment-based trading tool, adding extra layers of insight for informed decision-making.
In terms of research quality, FinecoBank is rated at four stars for research, slightly leading VT Markets which holds a 3.5-star rating. On the ForexBrokers.com ranking out of 62 brokers, FinecoBank is positioned at #33, whereas VT Markets is at #36. Both brokers exhibit strong research elements that cater to different trading needs, but the choice between them may depend on the individual trader’s preference for specific research tools and resources.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| 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, FinecoBank and VT Markets each have their own strengths. FinecoBank offers at least 10 beginner-focused educational videos that cover various trading topics, making it a solid choice for those starting their trading journey. Additionally, FinecoBank hosts monthly online client webinars to further support learning, although these sessions aren't archived for later viewing. The broker also provides an investor dictionary featuring over 50 investing terms, helping new traders familiarize themselves with essential vocabulary. FinecoBank earns a solid 4-star rating in education and holds the 49th position out of 62 brokers rated by ForexBrokers.com.
VT Markets, on the other hand, stands out by offering over 10 educational pieces specifically about forex or CFDs, ranging from articles to videos. This variety supports beginners in building a comprehensive understanding of key trading concepts. Like its competitor, VT Markets also provides educational videos aimed at beginners and an investor dictionary with over 50 terms. However, VT Markets lacks regular educational webinars, which could be a downside for those seeking ongoing, interactive learning opportunities. Despite this, VT Markets receives a 3.5-star education rating and is ranked 55th out of 62 brokers in the ForexBrokers.com education rankings.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| 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 | 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 FinecoBank is better than VT Markets. FinecoBank finished with an overall rank of #25, while VT Markets finished with an overall rank of #45.
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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VT Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 70 |
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While FinecoBank does not offer options to buy either actual cryptocurrencies or cryptocurrency derivatives, VT Markets provides the ability to purchase cryptocurrency derivatives, although neither platform supports buying actual delivered cryptocurrencies.
FinecoBank supports ACH and SEPA transfers along with bank wires for depositing and withdrawing funds, while VT Markets offers Visa, Mastercard, Skrill, and bank wires but does not support ACH, SEPA, or PayPal for such 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 | VT Markets | |
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| Trust Score | 94 | 70 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | VT Markets Review |
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| Regulation | FinecoBank | VT Markets | |
|---|---|---|---|
| Trust Score | 94 | 70 | |
| Year Founded | 1999 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | VT Markets | |
|---|---|---|---|
| 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 | No | |
| 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 | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1000 | |
| Forex Pairs (Total) | 54 | 39 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| 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 | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 15 | |
| Charting - Drawing Tools (Total) | 7 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | VT Markets | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | FinecoBank | VT Markets | |
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| Trust Score | 94 | 70 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | VT Markets Review |
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