Written by ForexBrokers.com
In this head to head comparison of AvaTrade 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 2006, AvaTrade is a private online broker that has gained significant trust within the trading community. Despite not being publicly traded, AvaTrade holds a commendable ForexBrokers.com Trust Score of 94 out of 99, placing it in the highly trusted category. With four Tier-1 licenses and three Tier-2 licenses, AvaTrade demonstrates a strong commitment to regulatory compliance, providing traders with a sense of security and dependability.
FinecoBank, established in 1999, differentiates itself as a publicly traded bank and online broker, also achieving a notable Trust Score of 94 from ForexBrokers.com. As a bank, FinecoBank holds two Tier-1 licenses, reinforcing its reputable status in the financial sector. Although it does not possess any Tier-2 licenses, FinecoBank’s position as a publicly listed company and its banking operations contribute to its trusted standing in the market.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Year Founded | 2006 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing AvaTrade and FinecoBank, AvaTrade has established itself with spreads that align closely with industry averages. As of June 2024, AvaTrade offers spreads just under one pip at 0.9 pips, which is slightly higher than the entry-level accounts at CMC Markets and Tickmill. However, for those who qualify as professional traders, AvaTrade delivers competitive spreads of 0.6 pips, putting them on par with FP Markets. AvaTrade earns a commendable rating of 4.5 out of 5 stars in the commissions and fees category, ranking #12 out of 62 brokers on ForexBrokers.com.
In contrast, FinecoBank does not provide clear average spread data for forex and CFD trading, complicating the assessment of its trading costs. While FinecoBank lists a spread of 1 pip for EUR/USD, this is higher than the typical spread offered by other forex brokers. Additionally, FinecoBank lists a spread of 0.8 pips but does not supply an average value or date range, further blurring cost transparency. Despite potentially offering lower spreads on index CFDs, FinecoBank receives a lower rating of 3.5 out of 5 stars for commissions and fees and stands at #50 out of 62 brokers on ForexBrokers.com.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | N/A |
| Active Trader or VIP Discounts | Yes | 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 AvaTrade and FinecoBank for their range of investment options, both platforms offer forex trading as CFDs or spot contracts. AvaTrade provides access to 1,260 tradeable symbols, including 53 forex pairs, while FinecoBank boasts a larger offering of 9,770 tradeable symbols with 54 forex pairs. This makes FinecoBank a more extensive choice for those who are looking to trade a variety of instruments. AvaTrade distinguishes itself with copy trading capabilities, allowing users to mimic the strategies of successful traders, a feature FinecoBank does not offer.
FinecoBank stands out by providing customers with the opportunity to invest directly in exchange-traded securities on both U.S. and international exchanges, unlike AvaTrade, which does not. However, AvaTrade offers options in cryptocurrency derivatives, while neither platform allows the purchase of actual cryptocurrency. FinecoBank's broader range of assets gives it a slight edge, reflected in its higher rating of 4.5 stars and a ranking of #16 by ForexBrokers.com for their range of investments, compared to AvaTrade's 4 stars and #32 ranking.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 9770 |
| Forex Pairs (Total) | 53 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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 AvaTrade and FinecoBank's trading platforms and tools, several differences emerge that might influence a trader's experience. AvaTrade caters well to those new to trading with features like a free virtual demo account, allowing new users to practice without financial risk. In contrast, FinecoBank does not offer a similar demo account. Both brokers provide proprietary platforms, but AvaTrade extends its toolset by supporting popular trading platforms such as MetaTrader 4 and MetaTrader 5, options unavailable with FinecoBank. Additionally, AvaTrade supports copy trading and integrations with DupliTrade and ZuluTrade, while FinecoBank does not. This could be a significant advantage for traders interested in mimicking successful strategies. AvaTrade also has an edge with the ability to trade directly from a stock chart, unlike FinecoBank.
While both brokers offer web-based and desktop download platforms for Windows, AvaTrade surpasses FinecoBank in additional functionalities like the number of drawing tools offered, boasting 13 compared to FinecoBank's 7. AvaTrade also provides more detailed watchlists with seven customizable columns, which FinecoBank does not specify. Customer ratings reflect these differences, as AvaTrade scores higher with 4.5 out of 5 stars for trading platforms and tools compared to FinecoBank's 4 stars. Rankings by ForexBrokers.com place AvaTrade at #13 and FinecoBank at #18 out of 62 brokers, indicating AvaTrade's broader offering of useful trading tools and features.
| Feature |
AvaTrade
|
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 | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 37 |
| Charting - Drawing Tools (Total) | 13 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both AvaTrade and FinecoBank offer apps for iPhone and Android users, catering to traders who prefer to manage their investments on the go. AvaTrade stands out with features like stock and forex price alerts and watchlist symbol syncing, ensuring that any changes made to watchlists are reflected across mobile and online platforms. In contrast, FinecoBank offers similar alerts but lacks the syncing feature, which could be a deciding factor for investors who wish for seamless integration. Chart enthusiasts might prefer AvaTrade for its extensive offering of 73 technical studies, compared to FinecoBank's six, along with the ability to draw trendlines, albeit without the option to auto-save. Both platforms allow viewing of different time frames on charts, enhancing the analytical capabilities for traders.
For those who value real-time quotes on their watchlists, AvaTrade offers this feature, providing a live snapshot of market movements, whereas FinecoBank does not. In terms of overall user satisfaction, AvaTrade scores slightly higher with a 4.5-star rating compared to FinecoBank's 4-star rating. In the competitive landscape of mobile trading apps, AvaTrade is ranked 13th out of 62 brokers by ForexBrokers.com, showcasing its strong position. FinecoBank, on the other hand, ranks 42nd, which may influence the decision for traders comparing these two platforms for mobile trading solutions.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of AvaTrade and FinecoBank, both brokers exhibit strengths and areas for improvement. Neither AvaTrade nor FinecoBank provides daily market commentary, yet both feature forex news from esteemed sources like Bloomberg, Reuters, and Dow Jones. In terms of analysis tools, AvaTrade stands out by incorporating Trading Central's analytics, which FinecoBank does not offer. However, both brokers lack tools from other analysis leaders like Autochartist and Acuity Trading. A significant differentiator is AvaTrade's sentiment-based trading tool, which showcases the ratio of long and short positions across various instruments—a feature absent at FinecoBank.
Both brokers include an economic calendar for tracking global news events, making it convenient for traders to stay informed. When it comes to research ratings, AvaTrade and FinecoBank are evenly matched with four-star ratings each. Nonetheless, as ranked by ForexBrokers.com, FinecoBank edges out slightly ahead, securing the 33rd spot in the research category compared to AvaTrade's 34th position among 62 brokers. This slight edge suggests a comparable quality in overall research offerings between the two, with slight differences in specific tools and rankings.
| Feature |
AvaTrade
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 beginners looking to dive into the world of forex and CFDs, AvaTrade and FinecoBank offer different educational resources to get started. AvaTrade provides extensive educational content, easily meeting the demand with over ten articles, videos, and archived webinars specifically focusing on forex and CFDs. In addition, they host at least one educational webinar every month, offering a searchable archive of past events for easy access. AvaTrade also excels in providing beginner traders with more than ten instructional videos tailored for newcomers and advanced educational videos for seasoned traders. Complementing their rich educational offerings is an investor dictionary with definitions of over 50 investment terms. This comprehensive approach garners AvaTrade a 4-star rating for education.
FinecoBank, on the other hand, while offering monthly educational webinars and over ten beginner videos specifically for new traders, falls short in a few areas compared to AvaTrade. They do not provide a searchable archive of past webinars, nor do they offer advanced videos for experienced traders. Like AvaTrade, they have an investor dictionary featuring more than 50 investing terms. FinecoBank's educational offerings receive a 4.0-star rating. Ranked 49th out of 62 brokers by ForexBrokers.com, FinecoBank's placement contrasts with AvaTrade's higher standing at the 2nd spot, highlighting the differences in the educational support they provide to beginners.
| Feature |
AvaTrade
|
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 AvaTrade is better than FinecoBank. AvaTrade finished with an overall rank of #13, while FinecoBank finished with an overall rank of #25.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
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FinecoBank
|
|---|---|---|
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| Trust Score | 94 | 94 |
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While both AvaTrade and FinecoBank do not provide options to purchase actual cryptocurrencies, AvaTrade distinguishes itself by offering cryptocurrency derivatives, unlike FinecoBank which does not provide this service.
Comparing AvaTrade and FinecoBank reveals that AvaTrade supports deposits and withdrawals via PayPal, Skrill, Visa/Mastercard, and bank wires but not ACH or SEPA transfers, while FinecoBank offers ACH and SEPA transfers and bank wires but lacks support for PayPal, Skrill, and Visa/Mastercard 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 | AvaTrade | FinecoBank | |
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| Trust Score | 94 | 94 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | FinecoBank Review |
| Broker Screenshots | AvaTrade | FinecoBank | |
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| Regulation | AvaTrade | FinecoBank | |
|---|---|---|---|
| Trust Score | 94 | 94 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | AvaTrade | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | AvaTrade | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 9770 | |
| Forex Pairs (Total) | 53 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | AvaTrade | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | AvaTrade | 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 | No | Yes |
| Trading Platforms | AvaTrade | 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 | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 80 | 37 | |
| Charting - Drawing Tools (Total) | 13 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | 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 | AvaTrade | 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 | AvaTrade Review | FinecoBank Review |
| Overall | AvaTrade | FinecoBank | |
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| Trust Score | 94 | 94 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | FinecoBank Review |
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