Written by ForexBrokers.com
In this head to head comparison of XTB vs FinecoBank, 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.
Founded in 2002, XTB is a publicly traded online broker that comes with a high Trust Score of 96 out of 99 according to ForexBrokers.com, indicating it's highly trusted. Although not a bank, XTB holds two Tier-1 licenses and two Tier-2 licenses, offering assurance to its clients about safety and regulation. This regulatory footprint combined with its market presence makes it a strong choice for traders seeking reliability.
On the other hand, FinecoBank, established in 1999, is also publicly listed and operates as a bank, carrying a Trust Score of 94 out of 99, marking it as highly trusted. FinecoBank possesses two Tier-1 licenses but lacks Tier-2 licenses. The firm’s status as a bank may offer clients additional financial services and stability backed by banking regulations while still ensuring a secure trading environment.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| Year Founded | 2002 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When it comes to comparing the commissions and fees of XTB and FinecoBank, XTB offers more transparency and potentially better value for forex traders. XTB provides two distinct account types: a spread-only Standard account and a commission-based Professional account, though the latter is being phased out and is no longer promoted. Average spreads at XTB for the EUR/USD currency pair stand at around 1 pip, which aligns with industry averages but falls short of the leading brokers. Notably, XTB has an active trader program that offers spread rebates up to 30% for clients who reach specific trading volumes, positioning it competitively with other major platforms like FXCM and FOREX.com.
Conversely, FinecoBank does not provide clear average spread data for forex and CFD trading, which can obscure the full extent of trading costs. While Fineco does mention an EUR/USD spread of 1 pip and sometimes 0.8 pips, these figures aren't average values, and there’s no context on the timing of this data. However, Fineco appears to offer more favorable spreads on index CFDs, which might appeal to traders focused on that segment. Despite these offerings, FinecoBank’s lack of clarity in its pricing makes it difficult for traders to gauge its cost-effectiveness.
In a direct comparison, XTB earns a higher rating of 4.5 stars for its commissions and fees, ranking 11th out of 62 brokers on ForexBrokers.com. FinecoBank receives a 3.5-star rating and is placed 50th in the same ranking list. This indicates that while FinecoBank may have strengths in other areas, XTB stands out for its transparency and favorable trading conditions for active and retail traders alike.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at XTB and FinecoBank, both platforms offer extensive options, but they have notable differences. XTB provides 7,184 tradable symbols, whereas FinecoBank offers slightly more, with 9,770 symbols available. Both brokers support forex trading, either as CFDs or spot contracts, though XTB boasts a larger selection of 71 forex pairs compared to FinecoBank's 54 pairs. Clients of both platforms can invest in U.S. exchange-traded securities like Apple shares, as well as international options such as Vodafone, offering diversity across both domestic and international markets. However, neither XTB nor FinecoBank provides the capability for copy trading or purchasing actual cryptocurrencies, though XTB stands out by offering cryptocurrency derivatives.
Evaluated by ForexBrokers.com, XTB scores slightly higher in the Range of Investments category with a 5-star rating and ranks 14th out of 62 brokers. FinecoBank, while close behind with a commendable 4.5-star rating, sits at 16th in the rankings. By allowing clients access to cryptocurrency derivatives, XTB offers a slight edge for those interested in digital asset trading without owning the actual coins themselves. Overall, while both brokers provide robust investment choices, XTB's wider forex range and crypto derivative availability may cater to a broader audience seeking diverse asset classes.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 9770 |
| Forex Pairs (Total) | 71 | 54 |
| 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) | 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.
When comparing the trading platforms and tools offered by XTB and FinecoBank, several key differences and similarities emerge. Both XTB and FinecoBank provide proprietary platforms developed in-house as well as Windows-based desktop and web-based browser trading options. However, XTB takes the lead with the availability of a simulated, free virtual demo account, allowing users to practice trades in a risk-free environment—a feature FinecoBank lacks. While neither broker supports popular platforms like MetaTrader 4 or MetaTrader 5, XTB offers greater flexibility with 32 drawing tools for charting, compared to FinecoBank’s seven, and allows users to trade directly from a stock chart, a convenience not available with FinecoBank. Furthermore, XTB’s watch lists support eight customizable fields for enhanced tracking, whereas FinecoBank does not provide specific data on this feature.
In terms of overall user satisfaction, XTB scores higher with a 4.5-star rating for Trading Platforms and Tools against FinecoBank’s 4-star rating. This distinction is reflected in their rankings by ForexBrokers.com, where XTB is placed at an impressive 9th out of 62 brokers, significantly ahead of FinecoBank, which ranks 18th. While neither broker offers features like copy trading, DupliTrade, or ZuluTrade, XTB’s superior ranking for trading platforms and tools showcases its focus on delivering a more comprehensive and user-friendly trading experience.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| 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) | 39 | 37 |
| Charting - Drawing Tools (Total) | 32 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 8 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
If you're comparing the mobile trading apps of XTB and FinecoBank, both platforms offer apps for iPhone and Android devices, and provide stock or forex price alerts. Although neither app syncs watchlist symbols between the mobile app and the online account, XTB stands out by offering significantly more technical studies for charting, with 39 available compared to FinecoBank's 6. Trendline drawing on charts is another feature where XTB shines, offering this capability while FinecoBank does not. Additionally, while both apps allow viewing multiple time frames on charts, only XTB saves your charting drawings automatically, making it a more convenient choice for technical analysis lovers.
XTB's mobile app also allows you to create watchlists with real-time quotes, a feature not available on FinecoBank's app. In terms of user satisfaction, XTB receives a higher rating of 4.5 stars compared to FinecoBank's 4 stars. Reflecting this, XTB is ranked 8th out of 62 brokers for mobile trading apps according to ForexBrokers.com, while FinecoBank is positioned at 42nd. For those prioritizing technical analysis, real-time data, and user experience, XTB's mobile trading app offers a more feature-rich environment than FinecoBank’s offering.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing XTB and FinecoBank in terms of market research offerings, XTB stands out with a range of features. XTB provides daily market commentary, keeping traders updated with expert insights. It also offers forex news sourced from top-tier providers such as Bloomberg, Reuters, and Dow Jones. Additionally, XTB includes a sentiment-based trading tool to inform users about the ratio of long or short positions across various currency pairs, enhancing the decision-making process for traders. On the other hand, FinecoBank delivers forex news from premier sources like its competitor but doesn't match XTB in offering daily market commentary or sentiment-based trading tools.
Both XTB and FinecoBank feature economic calendars, enabling investors to track global economic events efficiently. Despite neither broker offering Autochartist or Trading Central tools, XTB's comprehensive research capability is reflected in its five-star rating for research tools and its impressive ranking of seventh out of 62 brokers in the Research category by ForexBrokers.com. FinecoBank, while effectively providing essential research functionalities, receives a four-star rating and ranks 33rd, indicating room for improvement compared to XTB's more extensive research support.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For those venturing into the world of forex and CFDs trading, the educational offerings of XTB and FinecoBank provide a valuable starting point, each with its strengths. XTB impresses with a wide array of resources aimed at both beginners and experienced traders. It offers over ten educational pieces focusing on forex and CFDs, alongside monthly online webinars and a searchable archive of recorded sessions—something FinecoBank does not provide. XTB also supplies a comprehensive selection of beginner and advanced educational videos, catering to a broad range of learning needs. However, XTB lacks a detailed investor dictionary, which FinecoBank does offer, featuring definitions for over 50 investing terms.
Despite FinecoBank's solid video library for beginners and availability of monthly webinars, it falls short in providing a more advanced level of education, particularly in archived content and educational depth on forex and CFDs. This makes XTB a more attractive option for those seeking a thorough educational foundation in trading. Consequently, XTB is rated five stars for education and ranks 11th out of 62 brokers, reflecting its dedication to educational support. Meanwhile, FinecoBank receives four stars, ranking 49th as it continues to develop its resources, offering a fundamental yet somewhat limited educational experience.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XTB is better than FinecoBank. XTB finished with an overall rank of #7, while FinecoBank finished with an overall rank of #25.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 94 |
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When comparing online brokers XTB and FinecoBank in terms of cryptocurrency trading, neither allows the purchase of actual delivered cryptocurrency, but XTB stands out by offering the ability to buy cryptocurrency derivatives, whereas FinecoBank does not.
When comparing online brokers, XTB does not provide ACH or SEPA transfers but allows PayPal, Skrill, Visa/Mastercard, and bank wire transactions, whereas FinecoBank supports ACH or SEPA transfers and bank wires but lacks PayPal, Skrill, and Visa/Mastercard options.
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 | XTB | FinecoBank | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | XTB Review | FinecoBank Review |
| Broker Screenshots | XTB | FinecoBank | |
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| Regulation | XTB | FinecoBank | |
|---|---|---|---|
| Trust Score | 96 | 94 | |
| Year Founded | 2002 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | XTB | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | Yes |
| Tier-2 Licenses (Trusted) | XTB | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 9770 | |
| Forex Pairs (Total) | 71 | 54 | |
| 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) | 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 | XTB | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | XTB | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XTB | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| 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 | XTB | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 8 | N/A | |
| Charting - Indicators / Studies (Total) | 39 | 37 | |
| Charting - Drawing Tools (Total) | 32 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XTB | FinecoBank | |
|---|---|---|---|
| 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 | XTB Review | FinecoBank Review |
| Overall | XTB | FinecoBank | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | XTB Review | FinecoBank Review |
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