Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco and ATFX are notable players in the online brokerage scene, each with unique qualifications. Established in 1999, Fineco is a publicly traded company that doubles as a bank, boosting its credibility in the financial sector. It holds two Tier-1 licenses, recognized as a symbol of high trust, which contributes to its impressive Trust Score of 94 out of 99 by ForexBrokers.com. This high rating indicates that Fineco is considered highly trusted by industry standards.
In contrast, ATFX, founded in 2017, is privately held and does not function as a bank. Despite not being publicly traded, ATFX holds four Tier-1 licenses, reflecting its strong regulatory standing. Additionally, it has two Tier-2 licenses, adding to its reliability. These credentials contribute to a ForexBrokers.com Trust Score of 85, classifying ATFX as a trusted brokerage option. While Fineco may lead in overall trust rating, ATFX's multiple top-tier licenses and trust score make it a robust competitor in the market.
| Feature |
Fineco
|
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 the commission and fee structures of online brokers Fineco and ATFX, both present a few challenges due to limited transparency. Fineco, for instance, does not provide average spread data for forex and CFD trading, complicating the assessment of its true trading costs. The broker lists a spread of 1 pip for the EUR/USD pair, which is on the higher end compared to typical offerings from other forex brokers. Additionally, a spread of 0.8 pips is mentioned but lacks clarity on whether it's an average, along with an unspecified date range. On a positive note, Fineco seems to offer lower spreads on its index CFDs.
Similarly, ATFX also does not publish average spread data, posing a difficulty for traders in gauging its fee structure. Given the limited available information, traders may find it challenging to make a direct and comprehensive comparison between the two brokers based solely on spreads. Traders considering either broker should take note of these limitations when examining potential trading costs.
In terms of ratings and rankings, Fineco earns a slight edge with a rating of 3.5 stars out of five for commissions and fees, compared to ATFX's 3-star rating. According to ForexBrokers.com, out of 63 brokers, Fineco ranks #51 in the Commissions and Fees category, while ATFX holds the #60 spot. These rankings indicate both brokers have room for improvement but provide a starting point for traders interested in exploring their services.
| Feature |
Fineco
|
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.
When evaluating Fineco and ATFX based on the variety of investments available, Fineco clearly offers a wider selection. Fineco provides access to 9,770 tradeable symbols compared to ATFX's offering of 150. This makes Fineco a better choice for investors looking for a diverse portfolio. Additionally, Fineco allows clients to trade 54 forex pairs, slightly more than the 44 pairs available through ATFX. Unlike ATFX, Fineco extends the option to invest in exchange-traded securities on U.S. and international exchanges, enabling users to directly purchase shares of companies like Apple and Vodafone. However, if you're interested in engaging in copy trading or cryptocurrency derivatives, ATFX has the advantage, offering both, whereas Fineco does not.
Overall, Fineco receives a commendable 4.5-star rating for its range of investments, while ATFX holds a 3.5-star rating. According to ForexBrokers.com, Fineco ranks significantly higher, securing the 16th spot out of 63 brokers for the investment range category, while ATFX is positioned at 57th. For investors prioritizing a broad spectrum of investment options, Fineco stands out as the more favorable choice, whereas ATFX might appeal to those specifically interested in copy trading and crypto derivatives.
| Feature |
Fineco
|
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.
When comparing Fineco and ATFX for their trading platforms and tools, each offers unique advantages that cater to different trader needs. Fineco stands out with its proprietary platform developed in-house and the availability of a Windows-based platform, providing an integrated trading experience. However, Fineco lacks a virtual demo account for practice. On the other hand, ATFX shines by offering popular platforms like MetaTrader 4 and MetaTrader 5, and a free demo account, making it a good choice for those who prefer familiar trading environments or are eager to test strategies without financial risk. Furthermore, ATFX supports copy trading, allowing traders to follow and replicate other successful strategies, something that Fineco does not offer.
Both Fineco and ATFX offer web-based platforms ensuring flexibility in trading, but they differ significantly in terms of charting tools. Fineco provides 7 drawing tools, whereas ATFX offers a more extensive 15. Additionally, ATFX allows trading directly from stock charts, an option not available with Fineco. While Fineco is rated slightly higher with 4 stars for its trading platforms compared to ATFX's 3.5 stars, and ranks #18 out of 63 brokers for trading platforms and tools, ATFX offers a broader array of familiar tools and features, making it an appealing option for traders seeking flexibility and functionality.
| Feature |
Fineco
|
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 Fineco and ATFX, both offer compatibility with iPhone and Android devices, along with stock and forex price alerts. However, neither app supports watchlist symbol syncing, which means any changes you make on the mobile app won't automatically update on the online account. Fineco provides six technical studies for charting, while ATFX offers a slightly more extensive selection with seven. Notably, ATFX allows users to draw trendlines on charts, unlike Fineco. Both apps provide the flexibility to view charts in multiple time frames, such as daily or weekly.
Delving deeper into features, ATFX's app stands out with the ability to auto-save drawings and create watchlists with real-time quotes, which Fineco lacks. Ratings show a slight edge for Fineco, with a score of 4 out of 5 stars compared to ATFX's 3.5 stars. Rankings by ForexBrokers.com slot Fineco at #42 out of 63 brokers for mobile trading apps, while ATFX is placed at #63. Overall, Fineco's app may offer a slightly better experience for users, but ATFX provides unique features that could appeal to traders seeking more extensive charting capabilities.
| Feature |
Fineco
|
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 Fineco and ATFX for market research capabilities, both brokers present unique strengths and weaknesses. ATFX distinguishes itself by offering daily market commentary and a selection of technical analysis tools from renowned companies like Autochartist and Trading Central. In contrast, Fineco shines with forex news from top-tier sources including Bloomberg and Reuters, but it lacks daily commentary and advanced analytical tools.
Both brokers provide an economic calendar detailing global news events, however, neither offers sentiment-based trading tools or market research from companies like TipRanks and Acuity Trading. When it comes to ratings, Fineco edges out ATFX with a research rating of four stars compared to ATFX's three stars. Additionally, Fineco is ranked higher, sitting at 33rd amongst 63 brokers on ForexBrokers.com, while ATFX is positioned at 54th.
| Feature |
Fineco
|
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 considering Fineco versus ATFX for beginner trading education, both offer valuable resources, but differ in scope and focus. Fineco excels with monthly online webinars aimed at clients and a rich selection of more than 10 educational videos tailored for beginners. It also features a comprehensive investor dictionary covering over 50 investing terms to help novice traders grasp essential concepts. However, Fineco does not provide a searchable archive of past webinars nor does it offer more than 10 educational pieces primarily focused on forex or CFDs.
On the other hand, ATFX stands out by offering a wide variety of educational materials specifically centered on forex and CFDs, with over 10 pieces including articles, videos, and archived webinars. It provides users access to a searchable archive of recorded webinars, which is advantageous for continual learning. While ATFX lacks regular monthly webinars, it matches Fineco in delivering over 10 educational videos directed at beginner traders and boasts its own comprehensive investor dictionary. Despite this, Fineco is rated slightly higher in education with 4 stars compared to ATFX’s 3 stars, though ATFX holds a higher educational rank at #28 compared to Fineco’s #49 out of 63 brokers.
| Feature |
Fineco
|
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 Fineco is better than ATFX. Fineco 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 |
Fineco
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 85 |
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Fineco and ATFX both do not offer the ability to buy actual delivered cryptocurrency, but while Fineco does not offer cryptocurrency derivatives, ATFX provides the option to trade in cryptocurrency derivatives.
Fineco provides options for ACH or SEPA transfers and bank wires for depositing or withdrawing funds, while ATFX supports bank wires, Skrill, and Visa or Mastercard, but does not offer ACH or SEPA transfers or PayPal for financial transactions.
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 | Fineco | ATFX | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | ATFX | |
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| Regulation | Fineco | 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) | Fineco | 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) | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco Review |
| Overall | Fineco | ATFX | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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