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 |
When comparing Admirals and FinecoBank in terms of commissions and fees, Admirals stands out with competitive pricing and a typical spread of 0.8 on their Trade account, along with similar pricing on their Zero account type. This transparent and straightforward approach provides traders with clear expectations for trading costs. Admirals is well-regarded in the industry and is rated 4.5 stars for their commissions and fees. In terms of ranking, Admirals ranks at #17 out of 62 brokers according to ForexBrokers.com.
In contrast, FinecoBank does not provide average spread data for forex and CFD trading, which makes it challenging to determine the actual trading costs. FinecoBank lists a spread of 1 pip for the EUR/USD, which is typically higher than what many forex brokers offer. Although they also list a spread of 0.8 pips, neither of these figures are confirmed as average values or tied to a specific date range. However, FinecoBank appears to offer more competitive spreads on its index CFDs, which may appeal to some traders.
Overall, FinecoBank is rated 3.5 stars for its commissions and fees, reflecting its less transparent pricing model. On the ForexBrokers.com ranking, FinecoBank holds the #50 position out of 62 brokers, indicating room for improvement in providing more detailed and competitive pricing information to its clients.
| 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 forex trading as CFDs or spot contracts, meeting the needs of forex enthusiasts. While Admirals boasts an impressive 8,702 tradeable symbols, FinecoBank slightly surpasses with 9,770 available options. However, Admirals offers 82 tradeable forex pairs, giving it an edge over FinecoBank's 54 pairs. Both brokers provide access to U.S. and international exchange-traded securities, meaning investors can purchase well-known stocks like Apple on the NASDAQ and Vodafone on the London Stock Exchange.
Despite not offering the purchase of actual cryptocurrencies, Admirals allows trading in cryptocurrency derivatives, contrary to FinecoBank's limitations in this area. Admirals also offers copy trading for investors keen on emulating successful strategies, a feature not available with FinecoBank. Both brokers are rated 4.5 stars for their range of investments, indicating strong offerings. However, FinecoBank ranks slightly higher, placing 16th in this category according to ForexBrokers.com, compared to Admirals' ranking of 19th.
| 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.
Admirals and FinecoBank are both renowned for offering comprehensive trading platforms, each catering to a variety of trader needs. Admirals stands out with its provision of a simulated trading experience through a free virtual demo account, a feature unavailable at FinecoBank. Both brokers offer in-house developed platforms, ensuring a tailored experience, and support Windows-based and web-based platforms, providing flexibility for their users. While Admirals embraces popular platforms MetaTrader 4 and MetaTrader 5, FinecoBank opts not to offer these, focusing on their proprietary options. Admirals provides an edge for traders interested in copy trading, a service not available at FinecoBank. Despite both brokers scoring four stars for their platforms and tools, their ranks differ slightly, with FinecoBank narrowly edging ahead in a rank of 62 brokers.
In terms of charting tools, Admirals leads with 106 drawing tools compared to FinecoBank's 7, giving users at Admirals a wider array of analytical capabilities. Admirals also offers the option to trade directly from a stock chart, enhancing the practicality of its platform, an option not available with FinecoBank. For organizational features, Admirals provides seven columns for watch lists, aiding in detailed market monitoring. Both brokers have been acknowledged for their strong offerings, yet the subtle differences in their services provide various levels of appeal depending on a trader's preferences and strategies.
| 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.
When comparing the mobile trading apps of Admirals and FinecoBank, both brokers offer apps compatible with iPhone and Android devices. This ensures accessibility for users with different smartphones. Both platforms also support stock and forex price alerts, allowing traders to stay updated with market movements. However, neither Admirals nor FinecoBank provides watchlist symbol syncing between their mobile apps and online accounts, which could be a minor inconvenience for traders who frequently update their watchlists.
In terms of charting capabilities, Admirals surpasses FinecoBank with 30 technical studies compared to FinecoBank's 6. Admirals also allows users to draw trendlines and auto-saves these drawings, while FinecoBank does not offer this feature. Both platforms allow the viewing of different time frames on stock or forex charts. Admirals further provides the ability to create a watchlist with real-time quotes, a feature FinecoBank lacks. Despite these differences, both apps share a respectable rating of four out of five stars for mobile trading. However, Admirals ranks higher, coming in at 23rd out of 62 brokers for mobile trading apps, while FinecoBank is positioned at 42nd.
| 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 the market research offerings of Admirals and FinecoBank, several differences come to light. Admirals distinguishes itself by providing daily market commentary and access to top-tier forex news sources like Bloomberg and Reuters. It goes further with specialized tools such as Trading Central's analytics and offers sentiment-based trading tools that show the ratio of long and short positions across various instruments. Admirals also collaborates with TipRanks and Acuity Trading for enhanced market insights and research. Both brokers, however, provide an economic calendar to keep traders informed about current and upcoming global news events.
FinecoBank, in contrast, does not provide daily market commentary, sentiment-based trading tools, or research collaboration with TipRanks and Acuity Trading. While both brokers offer forex news from reputable sources, Admirals goes the extra mile in equipping traders with advanced tools and partnerships to aid in their decision-making process. Despite these differences, both brokers receive solid research ratings with four stars, but Admirals holds a higher rank, placing 15th out of 62 brokers compared to FinecoBank's 33rd spot, showing a notable edge in their market research capabilities.
| 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 it comes to educational resources for beginners, Admirals clearly stands out compared to FinecoBank. Admirals offers a wealth of materials tailored to those kicking off their trading journey, including more than 10 articles, videos, and archived webinars focusing on forex and CFDs. In contrast, FinecoBank falls short in this area, lacking a comparable offering. Admirals also provides a searchable archive of past client webinars, adding an extra layer of accessibility for learners seeking to revisit previous discussions or catch up on missed sessions. Both platforms, however, do host monthly educational webinars and offer a range of beginner-friendly videos, but Admirals extends its educational suite with a broader selection of advanced content for experienced traders.
Moreover, Admirals and FinecoBank both include an investor dictionary with over 50 investing terms, which can be particularly useful for beginners to familiarize themselves with the financial vernacular. Admirals scores 4 out of 5 stars for education and holds the 12th position among 62 brokers according to ForexBrokers.com, reflecting its comprehensive educational support. FinecoBank, while also rated 4.0 stars, is ranked 49th, highlighting some room for growth in its educational offerings. Overall, for those looking to deepen their trading knowledge, Admirals provides a richer and more varied educational experience.
| 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 62 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
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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 |
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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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