Written by ForexBrokers.com
In this head to head comparison of Admirals 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.
Admirals, founded in 2001, and FinecoBank, established in 1999, are two notable names in the online brokerage world. While FinecoBank is publicly traded and operates as a bank, Admirals is privately held and does not carry the designation of a bank. Both companies maintain a high level of trust according to ForexBrokers.com Trust Score, with Admirals scoring 93 and FinecoBank slightly edging it at 94.
When it comes to regulatory approvals, Admirals holds four Tier-1 licenses, which are highly trusted, and three Tier-2 licenses, considered trusted. In contrast, FinecoBank has two highly trusted Tier-1 licenses and no Tier-2 licenses. This regulatory outline assures users that both platforms are credible, with Admirals offering a marginally broader range of regulatory coverage.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Year Founded | 2001 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Admirals offers competitive pricing to traders with its typical spreads of 0.8 on both its Trade and Zero account types. This transparent pricing structure makes it easier for traders to anticipate their trading costs. Admirals has been rated 4.5 stars for its commissions and fees, placing it at a respectable #17 out of 63 brokers according to ForexBrokers.com.
On the other hand, FinecoBank does not publish its average spread data for forex and CFD trading, which can make evaluating its trading costs challenging. The broker lists a spread of 1 pip for the EUR/USD, a figure higher than what many forex brokers typically offer. Fineco also mentions a 0.8 pip spread, but without average values or date ranges, the information lacks reliability. Despite this, it's noted that Fineco offers lower spreads on index CFDs. FinecoBank has a 3.5-star rating for commissions and fees, ranking it at #51.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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.
Admirals and FinecoBank both offer impressive platforms for trading a variety of investments. Admirals provides access to 8,702 tradeable symbols, which include 82 forex pairs, giving traders a diverse range of options for exploring the forex market. In contrast, FinecoBank offers slightly more tradeable symbols at 9,770, but with fewer forex pairs, totaling 54. Both brokers enable clients to invest in exchange-traded securities on U.S. and international exchanges, allowing them to purchase well-known stocks like Apple and Vodafone. However, Admirals stands out with its copy trading feature, which FinecoBank does not offer. Both brokers rated equally for their range of investments at 4.5 stars, although FinecoBank is ranked slightly higher at #16 by ForexBrokers.com compared to Admirals' ranking at #19.
When it comes to cryptocurrency offerings, both Admirals and FinecoBank lack options for buying actual cryptocurrencies. Admirals, however, permits trading in cryptocurrency derivatives, unlike FinecoBank. These differences in features and available investments highlight the specific strengths and opportunities each broker offers to traders, helping investors choose the platform that best matches their trading strategies and goals.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 9770 |
| Forex Pairs (Total) | 82 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | 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 Admirals and FinecoBank, both brokers offer their own intuitive trading platforms developed in-house, suitable for both Windows downloadable versions and web-based alternatives accessible via browsers. Admirals stands out by offering a free virtual demo account, allowing users to practice with simulated trading before committing real funds, while FinecoBank does not offer this feature. Both brokers excel in platform functionality with Admirals supporting the popular MetaTrader 4 and MetaTrader 5 platforms, unlike FinecoBank which does not. Additionally, Admirals facilitates copy trading for those interested in mimicking successful traders, a feature not available with FinecoBank.
Charting tools and technical indicators are crucial for effective trading decisions, and Admirals provides a significantly higher number of charting drawing tools with 106 options compared to FinecoBank's 7. Admirals also enables direct trading from stock charts, giving traders a seamless experience. Watchlist versatility is also more robust with Admirals, offering 7 columns for customization, whereas FinecoBank's options are not specified. Despite these differences, both brokers are rated four stars for their trading platforms and tools; however, Admirals sits just behind FinecoBank in industry rankings by ForexBrokers.com, securing the 19th position as opposed to FinecoBank’s 18th out of 63 brokers, demonstrating a close competitive edge in this field.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 106 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Admirals and FinecoBank offer user-friendly mobile trading apps available for iPhone and Android users. These apps allow users to stay updated with market movements, providing access to stock or forex price alerts. However, only Admirals lets users draw trend lines on charts and offers 30 technical studies, compared to FinecoBank's six. Admirals also enables viewing of multiple time frames on charts and the ability to save your drawings automatically, enhancing the overall trading experience.
When it comes to customizing watchlists, Admirals excels once again, offering real-time quotes unlike FinecoBank. While both apps do not sync watchlists with online accounts, these features greatly improve usability. Admirals is ranked #23 out of 63 brokers for mobile trading apps by ForexBrokers.com due to its extensive capabilities, whereas FinecoBank is ranked #42. Despite these differences, both apps are rated four out of five stars, indicating they're solid choices for mobile trading.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 Admirals and FinecoBank for market research offerings, Admirals provides a more comprehensive suite of tools and resources. Admirals boasts daily market commentary and sources forex news from top-tier organizations like Bloomberg and Reuters, matching FinecoBank's offerings in these areas. Additionally, Admirals stands out with their sentiment-based trading tool, which gives insights into long and short positions on various currency pairs, a feature that FinecoBank lacks. Admirals also provides access to market research from TipRanks and tools from Trading Central and Acuity Trading. Conversely, FinecoBank matches Admirals in offering an economic calendar but does not incorporate resources from companies like Trading Central or Acuity Trading.
Both Admirals and FinecoBank are rated at 4 out of 5 stars for their research offerings, yet Admirals holds a superior position, ranked #15, compared to FinecoBank's #33 ranking by ForexBrokers.com. This indicates that Admirals' research tools and market insights are more valued by users for strategic trading decisions. Although FinecoBank provides access to forex news from notable sources and an economic calendar, Admirals' robust selection of analytical tools and commentary delivers a more enhanced research experience for traders.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Admirals and FinecoBank in terms of educational resources for beginners, Admirals stands out with a broader range of materials. Admirals offers a comprehensive collection of over 10 educational pieces focusing on forex and CFDs, which include articles, videos, and archived webinars. In contrast, FinecoBank does not provide such resources specific to these topics. Both brokers do offer at least one live educational webinar per month for their clients. Admirals, however, gives an extra advantage with a searchable archive of past webinars, enabling users to revisit previous sessions at their convenience, a feature not available with FinecoBank.
Both Admirals and FinecoBank cater to beginners with at least 10 educational videos tailored for novices. Admirals further extends its offerings with over 10 videos targeting advanced traders, a provision not matched by FinecoBank. Both brokers maintain an investor dictionary with definitions for more than 50 investing terms, facilitating a better understanding of trading vocabulary. Although both received a 4-star rating for education, Admirals ranks significantly higher at #12 compared to FinecoBank, which is positioned at #49 among 63 brokers reviewed by ForexBrokers.com. This highlights Admirals as a more resource-rich option for those beginning their trading journey.
| Feature |
Admirals
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Admirals is better than FinecoBank. Admirals finished with an overall rank of #18, while FinecoBank finished with an overall rank of #25.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
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When comparing online brokers Admirals and FinecoBank regarding cryptocurrency offerings, Admirals allows the purchase of cryptocurrency derivatives but not actual cryptocurrencies, while FinecoBank does not provide either option.
Both Admirals and FinecoBank provide ACH or SEPA transfers and bank wires for depositing or withdrawing funds, but Admirals additionally supports PayPal, Skrill, and Visa or Mastercard transactions, which FinecoBank does not.
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 | Admirals | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | Admirals Review | FinecoBank Review |
| Broker Screenshots | Admirals | FinecoBank | |
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| Regulation | Admirals | FinecoBank | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 2001 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Admirals | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | 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) | Admirals | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 9770 | |
| Forex Pairs (Total) | 82 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | 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 | Admirals | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Admirals | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | Yes |
| Trading Platforms | Admirals | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Admirals | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 106 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | 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 | 30 | 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 | Admirals | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | 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) | Yes | Yes |
| Major Forex Pairs | Admirals | 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 | Admirals Review | FinecoBank Review |
| Overall | Admirals | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | Admirals Review | FinecoBank Review |
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