Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs ATFX, 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.
When comparing FinecoBank and ATFX, both brokerages offer distinct features that cater to different types of investors. Founded in 1999, FinecoBank stands out as both a bank and a publicly traded company, providing a sense of stability and trust to its clients. With a high Trust Score of 94 from ForexBrokers.com, FinecoBank is well regarded for its reliability. It holds two highly trusted Tier-1 licenses, underscoring its commitment to regulatory compliance and customer confidence.
In contrast, ATFX, established in 2017, is not a bank and isn’t publicly traded, but it still garners a respectable Trust Score of 85 from ForexBrokers.com. Despite being newer to the scene, ATFX boasts an impressive regulatory standing with four Tier-1 licenses and two Tier-2 licenses, indicating its trusted position in the market. These licenses reflect its focus on providing secure and reliable trading experiences, appealing to investors seeking a reputable broker with strong regulatory backing.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Year Founded | 1999 | 2017 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FinecoBank and ATFX in terms of commissions and fees, FinecoBank provides a mixed bag of information. The broker does not offer average spread data for forex and CFD trading, which complicates the evaluation of its trading costs. However, FinecoBank lists a spread of 1 pip for the EUR/USD, which is higher than what is typically found among forex brokers. Occasionally, the broker also displays a 0.8 pip spread, but again, these figures lack context like average values or specific time frames. Interestingly, FinecoBank might offer lower spreads on its index CFDs, although details remain sparse.
Similarly, ATFX does not provide average spread data, making it challenging to grasp its overall cost structure. Despite this information gap, both brokers have been assessed for commissions and fees, and star ratings have been assigned accordingly. FinecoBank scores 3.5 out of 5 stars for its commissions and fees, while ATFX garners a slightly lower rating of 3 stars.
In terms of rankings by ForexBrokers.com, FinecoBank places #51 out of 63 brokers in the Commissions and Fees category, indicating room for improvement. ATFX is ranked further down at #60, suggesting it lags behind many competitors when it comes to offering competitive pricing. While both brokers have areas where they could enhance transparency and cost-effectiveness, they differ in their current market standings according to these ratings and rankings.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| 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 ATFX both offer forex trading, allowing clients to engage in transactions using either Contracts for Difference (CFDs) or spot contracts. FinecoBank boasts an impressive broad spectrum of 9,770 tradeable symbols, including 54 forex pairs, giving investors a diverse array of choices. In contrast, ATFX provides access to 150 tradeable symbols with 44 forex pairs, presenting a more limited but focused selection. A significant distinction lies in their offerings of exchange-traded securities: FinecoBank enables clients to buy actual shares from both the U.S. and international exchanges, like Apple and Vodafone, whereas ATFX does not offer this option.
Another point of differentiation is access to cryptocurrency investments. While neither broker allows for the purchase of actual cryptocurrencies, ATFX clients can invest in cryptocurrency derivatives, unlike FinecoBank. Additionally, those interested in copy trading will find ATFX has this feature, a service not available at FinecoBank. These differences contribute to their ratings in the Range of Investments category: FinecoBank receives a commendable 4.5 stars and ranks 16 out of 63 brokers, whereas ATFX holds a 3.5-star rating, ranking 57. These contrasts help potential investors evaluate which broker aligns better with their investment goals and strategies.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 150 |
| Forex Pairs (Total) | 54 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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.
FinecoBank and ATFX bring different strengths to their trading platforms and tools. FinecoBank offers a proprietary platform, which might appeal to those looking for a unique trading experience. It provides a Windows-based desktop platform and a web-based platform, making it accessible for various users. However, FinecoBank does not offer paper trading, which might be a disadvantage for beginners. It also lacks support for popular third-party platforms like MetaTrader 4 and MetaTrader 5. Though FinecoBank does not include features like copy trading or trading directly from stock charts, it is highly rated at four stars by ForexBrokers.com for its trading tools and platforms, ranking 18th out of 63 brokers.
On the other hand, ATFX supports a broader range of well-known platforms, including MetaTrader 4 and MetaTrader 5, which are favored by many traders for their advanced capabilities. ATFX provides both a Windows-based and a web-based platform, and uniquely offers a free virtual demo account for simulated trading, an attractive feature for newcomers wanting to practice before committing real funds. Moreover, ATFX supports copy trading and enables trading directly from stock charts, providing a comprehensive experience with 15 drawing tools and detailed watch lists of seven fields. However, ATFX holds a slightly lower rating of 3.5 stars for its trading platforms and tools and ranks 62nd among 63 brokers according to ForexBrokers.com.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| 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 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FinecoBank and ATFX, both platforms offer availability on iPhone and Android devices, allowing users to trade conveniently on the go. Additionally, both apps provide stock and forex price alerts to keep traders informed of market movements. However, a difference emerges in the area of watchlist symbol syncing. Both FinecoBank and ATFX do not support watchlist syncing, meaning that your lists on the mobile app won't automatically update with changes made on the desktop platform.
In terms of charting tools, FinecoBank offers six technical studies, while ATFX provides a slight edge with seven. Another distinction is FinecoBank's inability to draw trendlines on charts, a feature that ATFX includes. Both apps, however, allow users to view multiple time frames, and ATFX uniquely offers auto-saving for chart drawings and the ability to create watchlists with real-time quotes. While FinecoBank's app receives a higher rating of 4 out of 5 stars, compared to ATFX's 3.5 stars, it is ranked 42nd by ForexBrokers.com out of 63 brokers, a notable margin above ATFX, which holds the 63rd spot.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 7 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank to ATFX for market research, prospective investors will notice distinct differences. ATFX stands out by offering daily market commentary and utilizing technical analysis tools like Autochartist and Trading Central. These resources provide traders with detailed insights and analysis techniques to better inform their trading decisions. On the other hand, FinecoBank does not offer daily commentary or these specific research tools, but they do provide access to forex news from premium sources such as Bloomberg, Reuters, and Dow Jones, delivering high-quality market information.
Both brokers provide users with economic calendars that show upcoming global news events, a feature beneficial for those keeping a pulse on market movements. However, FinecoBank edges out in the research ranking, receiving a 4.0-star rating compared to ATFX's 3-star rating. According to ForexBrokers.com, FinecoBank ranks #33 out of 63 brokers, while ATFX is positioned at #54. Investors seeking top-tier forex news might prefer FinecoBank, whereas those interested in comprehensive technical analysis tools might lean towards ATFX.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners between FinecoBank and ATFX, both online brokers provide valuable resources, but they cater to different needs. FinecoBank shines with its frequent monthly webinars, ensuring beginners have opportunities to engage with live content, although it lacks a searchable library of past sessions. FinecoBank also provides a solid selection of beginner-focused educational videos, along with an investor dictionary that covers essential investing terms. However, it falls short in offering advanced educational videos for more experienced traders and does not have a comprehensive library of written or recorded Forex and CFD educational content.
On the other hand, ATFX excels in offering a wider array of educational materials focused on Forex and CFDs, featuring over ten pieces including articles, videos, and archived webinars. Even though ATFX does not host regular live webinars, it compensates with a searchable archive of recorded sessions for easy access to past insights and lessons. Like FinecoBank, ATFX provides a variety of beginner educational videos and an investor glossary that thoroughly explains key terms for new traders. Despite these offerings, ATFX also lacks advanced educational videos for seasoned investors. Overall, FinecoBank receives a higher rating for education, but ATFX holds a better ranking among brokers in the education category, highlighting its comprehensive offering of resources for Forex and CFD education.
| Feature |
FinecoBank
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| 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 63 of the best forex brokers, our research and account testing finds that FinecoBank is better than ATFX. FinecoBank finished with an overall rank of #25, while ATFX finished with an overall rank of #51.
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
|
ATFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 85 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
While both FinecoBank and ATFX do not offer the purchase of actual delivered cryptocurrency, only ATFX provides the option to trade cryptocurrency derivatives.
FinecoBank supports ACH and SEPA transfers and bank wires, but not PayPal, Skrill, Visa, or Mastercard for account fund transactions, whereas ATFX provides options for Skrill, Visa, Mastercard, and bank wires, but not ACH, SEPA transfers, or PayPal.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FinecoBank | ATFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | ATFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FinecoBank | ATFX | |
|---|---|---|---|
| Trust Score | 94 | 85 | |
| Year Founded | 1999 | 2017 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| 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) | FinecoBank | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 150 | |
| Forex Pairs (Total) | 54 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | ATFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | ATFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| 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 | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | ATFX | |
|---|---|---|---|
| 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 | 7 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | ATFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | ATFX | |
|---|---|---|---|
| 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 |
| Overall | FinecoBank | ATFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill