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XM Group vs FinecoBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of XM Group vs FinecoBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 88
  • Tradeable Symbols (Total): 1394
FinecoBank
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 9770

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.

Regulation

Founded in 2009, XM Group is an online broker recognized for holding 4 Tier-1 licenses, which are deemed highly trusted. While not publicly traded like a traditional bank, XM Group maintains a strong presence with a Trust Score rating of 88 from ForexBrokers.com, categorizing it as trusted. In addition, XM Group holds 1 Tier-2 license, further bolstering its reputable standing among users.

FinecoBank, established earlier in 1999, operates not only as a publicly traded company but also as a recognized banking entity. With a Trust Score rating of 94 from ForexBrokers.com, it is considered highly trusted. Despite holding fewer Tier-1 licenses—2 in total—compared to XM Group, FinecoBank's status as both a bank and its public trading status contribute to its strong reliability image, even without any Tier-2 licenses.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Year Founded info 2009 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

Comparing the commissions and fees of XM Group with FinecoBank provides insight into their cost structures for trading. XM Group, rated 4 out of 5 stars in this category, offers standard account spreads that are noted for being expensive. However, specific average spread information for their commission-based XM Zero account is not publicly available, making it challenging for traders to precisely evaluate costs. Despite this, XM Group ranks #33 out of 62 brokers according to ForexBrokers.com, reflecting a relatively competitive position in terms of commissions and fees.

In contrast, FinecoBank, with a rating of 3.5 out of 5 stars for commissions and fees, lacks transparency as it does not provide average spread data for forex and CFD trading. This makes it hard to determine the actual cost of trading. Their listed spread for the EUR/USD is 1 pip, and in some instances, 0.8 pips, but without any clarification if these are average spreads or specific to certain time frames. Nonetheless, FinecoBank appears to offer lower spreads on its index CFDs which may be attractive to some traders. Its ranking of #50 among 62 brokers by ForexBrokers.com indicates a less favorable standing in this comparison.

In summary, while XM Group presents a pricier spread for their standard account, they maintain a higher ranking and star rating due to their general competitive edge in commissions and fees, despite the lack of detailed spread information for the XM Zero account. On the other hand, FinecoBank, with less clarity on spread averages and higher assumed trading costs, ranks lower, making XM Group a potentially more appealing choice for those particularly concerned about trading costs.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Minimum Deposit info $5 $0
Average Spread EUR/USD - Standard info 1.6 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

XM Group and FinecoBank each provide a comprehensive selection of investment options, catering to traders and investors with varying interests. XM Group offers forex trading as a CFD, and so does FinecoBank, making them suitable for those looking to trade Forex. XM Group boasts a total of 1,394 tradeable symbols, while FinecoBank features a more extensive roster with 9,770 symbols. If you're focusing specifically on forex pairs, XM Group leads slightly, offering 55 pairs compared to FinecoBank's 54. Both brokers allow for investing in exchange-traded securities on U.S. and international exchanges, enabling clients to purchase shares like Apple and Vodafone directly.

XM Group sets itself apart with the option for copy trading, a feature FinecoBank doesn't offer. When it comes to cryptocurrencies, neither broker provides the ability to buy actual delivered cryptocurrency; however, XM Group does allow traders to engage in cryptocurrency derivatives, which is not an option at FinecoBank. Despite these offerings, both brokers hold a rating of 4.5 stars for the range of investments, although FinecoBank is ranked slightly higher at #16 out of 62 brokers, compared to XM Group's #23, on ForexBrokers.com.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 9770
Forex Pairs (Total) info 55 54
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes No
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.

Trading platforms and tools

When it comes to trading platforms and tools, XM Group and FinecoBank both offer beneficial features for traders, but with different strengths. XM Group provides a comprehensive experience with simulated trading through a free virtual demo account, making it ideal for beginners who want to hone their skills with no financial risk. Although XM Group doesn't have its own proprietary platform, it supports popular platforms like MetaTrader 4 and MetaTrader 5 on both Windows-based desktop and web browsers, ensuring flexibility and familiarity. The broker also stands out with its offering of copy trading and provides a higher number of drawing tools for charting. Additionally, traders can execute trades directly from stock charts and organize watch lists into seven fields, enhancing the overall trading experience. XM Group is rated four stars for its trading platforms and tools and is ranked #31 by ForexBrokers.com among 62 brokers.

On the other hand, FinecoBank brings its own unique advantages, particularly through its proprietary platform, which allows for a tailored trading experience. However, unlike XM Group, it lacks a free virtual demo account and the popular MetaTrader platforms. FinecoBank offers a consistent user experience across its Windows-based desktop and web-based platforms, supporting traders through an integrated ecosystem. Although it doesn't support copy trading nor does it allow trading directly from stock charts, FinecoBank is highly regarded, earning a four-star rating for its platforms and tools and standing at #17 in ForexBrokers.com's rankings among 62 brokers. Both brokers present valuable tools, with XM Group excelling in simulation and flexibility, while FinecoBank shines with its proprietary technology.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Virtual Trading (Demo) info Yes No
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 37
Charting - Drawing Tools (Total) info 15 7
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 7 N/A
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both XM Group and FinecoBank offer mobile trading apps for iPhone and Android, enabling users to trade on the go with ease. They both let you set price alerts for stocks or forex, which can be crucial for staying updated on market movements. However, XM Group stands out with its feature allowing watchlist symbol syncing, where changes made in the mobile app are reflected in the online account and vice versa—a convenience not available with FinecoBank.

The trading tools provided in these apps also differ significantly. XM Group offers a more comprehensive set of features with 30 technical studies for charting, while FinecoBank provides only six. XM Group users can draw trendlines on charts, an option that FinecoBank users do not have. Both apps allow viewing of multiple time frames on charts but do not auto-save drawings. XM Group further distinguishes itself by allowing users to create a watchlist with real-time quotes, another feature FinecoBank lacks. Despite these differences, both apps receive a solid 4-star rating for mobile trading, but XM Group is ranked higher, sitting at #29 compared to FinecoBank's #42 in ForexBrokers.com's list.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Mobile Watchlist info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

When examining XM Group and FinecoBank for their market research offerings, XM Group stands out with its daily market commentary, which FinecoBank does not provide. Both platforms deliver forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to credible information. While FinecoBank lacks technical analysis support from Trading Central, XM Group offers this valuable tool, providing its users with detailed technical analytics to aid in trading decisions. Additionally, XM Group includes a sentiment-based trading tool, further equipping its clients with insights into market dynamics, an advantage that FinecoBank does not offer.

Both platforms offer an economic calendar that highlights key global news events, but XM Group's overall research capabilities have earned it a 5-star rating, compared to FinecoBank's 4 stars. This difference is underscored in the rankings by ForexBrokers.com, where XM Group is positioned at #8 out of 62 brokers in the Research category, far ahead of FinecoBank's #33 ranking. Ultimately, XM Group provides a more comprehensive suite of tools and resources for traders seeking in-depth market research and analysis.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, XM Group stands out as a strong contender. They provide a wide range of materials, including more than ten pieces focused specifically on forex and CFDs, making it easier for newcomers to grasp complex trading concepts. XM Group also hosts monthly webinars and maintains an archive of past sessions so viewers can revisit them at their convenience. Additionally, beginners can access more than ten educational videos tailored specifically to their learning needs, along with an equal number of advanced videos for those ready to take their skills to the next level. Although XM Group lacks an investor dictionary, their comprehensive educational offerings earn them a five-star rating and a #7 ranking among 62 brokers in this category by ForexBrokers.com.

FinecoBank, however, offers a slightly different educational experience. They meet the beginner's need for at least ten educational videos and hold monthly webinars to support ongoing trader education. However, FinecoBank does not provide education specifically focused on forex and CFDs, nor do they offer a searchable archive of past webinars, which limits the ongoing value of these sessions. While they do provide a robust investor dictionary with over 50 terms, they lack advanced educational videos for experienced traders aiming to deepen their knowledge. Consequently, FinecoBank receives a four-star education rating and holds the #49 spot in the ForexBrokers.com education ranking, reflecting some areas for improvement compared to XM Group.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that XM Group is better than FinecoBank. XM Group finished with an overall rank of #17, while FinecoBank finished with an overall rank of #25.

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 88 94
Range of Investments 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or FinecoBank?

When comparing online brokers, XM Group offers the ability to buy cryptocurrency derivatives while FinecoBank does not provide options for purchasing either actual cryptocurrencies or cryptocurrency derivatives.

What funding options does each broker offer?

In comparing XM Group with FinecoBank for online brokerage services, XM Group uniquely supports Skrill and bank wires for deposits and withdrawals, alongside Visa or Mastercard, while lacking ACH, SEPA, and PayPal options, whereas FinecoBank provides ACH, SEPA, and bank wires but does not support Skrill, Visa, Mastercard, or PayPal.




announcementPlease 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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Compare

0 of 5
Overall Rating XM Group FinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 88 94
Winner check_circle
Review XM Group Review FinecoBank Review
Broker Screenshots XM Group FinecoBank
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation XM Group FinecoBank
Trust Score info 88 94
Year Founded info 2009 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) XM Group FinecoBank
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses (Trusted) XM Group FinecoBank
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments XM Group FinecoBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 9770
Forex Pairs (Total) info 55 54
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes No
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 XM Group FinecoBank
Average Spread EUR/USD - Standard info 1.6 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes No
Funding XM Group FinecoBank
Minimum Deposit info $5 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms XM Group FinecoBank
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools XM Group FinecoBank
Virtual Trading (Demo) info Yes No
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 7 N/A
Charting - Indicators / Studies (Total) info 30 37
Charting - Drawing Tools (Total) info 15 7
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading XM Group FinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes No
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Mobile Economic Calendar info Yes Yes
Research XM Group FinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education XM Group FinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs XM Group FinecoBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review FinecoBank Review
Overall XM Group FinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 88 94
Winner check_circle
Review XM Group Review FinecoBank Review
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