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 in terms of commissions and fees, AvaTrade stands out with its competitive offerings. With spreads starting at 0.9 pips, AvaTrade's fees are just around the industry average and are slightly more pricey than entry-level accounts from brokers like CMC Markets and Tickmill. However, for those qualifying as professional traders, AvaTrade provides even more competitive spreads at 0.6 pips, which align well with the pricing of FP Markets. For these reasons, AvaTrade scores an impressive 4.5 out of 5 stars for commissions and fees and ranks 12th out of 63 brokers according to ForexBrokers.com.
In contrast, FinecoBank presents a more opaque fee structure. The broker does not release average spread figures for forex and CFD trading, making it challenging to discern the true cost of trading. While they do provide specific spreads like 1 pip for the EUR/USD and 0.8 pips, the lack of these figures being specified as average values or attached to a date range complicates any direct comparison with industry norms. Despite potentially offering lower spreads on index CFDs, FinecoBank is rated 3.5 out of 5 stars for commissions and fees and holds the 51st position out of 63 brokers, as noted by 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, both platforms support forex trading through CFDs or spot contracts. AvaTrade impresses with its offering of 1,260 tradeable symbols, although this number pales in comparison to FinecoBank’s extensive catalogue of 9,770 tradeable symbols. In terms of forex pairs, the two platforms are nearly identical, with AvaTrade featuring 53 pairs and FinecoBank slightly ahead with 54. Importantly, FinecoBank stands out by allowing users to purchase actual exchange-traded securities from U.S. and international exchanges, while AvaTrade lacks this capability. Instead, AvaTrade distinguishes itself in the area of copy trading, which FinecoBank does not offer. Both platforms do not support buying actual cryptocurrencies directly, though AvaTrade provides options for trading cryptocurrency derivatives, an option not available with FinecoBank.
FinecoBank achieves a higher rating of 4.5 stars for its range of investments, compared to AvaTrade’s rating of 4 stars. This rating is reflective of FinecoBank’s impressive array of options, with its ranking at #16 out of 63 brokers for range of investments on ForexBrokers.com, in contrast to AvaTrade’s position at #32. Although both brokers have unique strengths, investors looking for a broader array of securities might find FinecoBank more appealing, especially in areas beyond forex. AvaTrade might better serve those interested in forex trading augmented by options like copy trading and cryptocurrency derivatives.
| 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 to FinecoBank, AvaTrade stands out as a strong option for traders seeking versatile and comprehensive platforms. Offering a proprietary platform developed in-house, AvaTrade also supports popular trading tools such as MetaTrader 4 and MetaTrader 5, options not available with FinecoBank. Additionally, AvaTrade provides a paper trading demo account, which is an excellent resource for beginners, while FinecoBank lacks this feature. If you're interested in engaging with social trading, AvaTrade offers services like DupliTrade and ZuluTrade, unlike FinecoBank, which does not. For chart enthusiasts, AvaTrade provides 13 drawing tools and the ability to trade directly from charts, surpassing FinecoBank's offerings.
Both brokers have Windows-based desktop platforms and web-based trading capabilities. Although FinecoBank also boasts a proprietary platform and earns a respectable rating of 4 stars for its trading tools, it falls slightly behind AvaTrade, which is rated 4.5 stars. AvaTrade's advanced features such as copy trading options and a wider range of charting tools likely contribute to its higher ranking of #13 by ForexBrokers.com, as compared to FinecoBank's rank of #18 out of 63 brokers. Whether you're an experienced trader seeking advanced technical features or a newcomer looking for introductory tools, AvaTrade offers a diverse toolkit to support your trading activities.
| 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 apps, both AvaTrade and FinecoBank offer applications for iPhone and Android devices. Both platforms also provide stock and forex price alerts, keeping traders informed on-the-go. AvaTrade, however, steps ahead with its watchlist symbol syncing feature, allowing users to sync changes across mobile and online accounts seamlessly, which FinecoBank lacks. In terms of charting capabilities, AvaTrade outshines FinecoBank, offering an impressive 73 technical studies compared to FinecoBank's 6, along with the ability to draw trendlines, a feature FinecoBank does not offer.
Another notable advantage of AvaTrade's app is the option to create watchlists with real-time quotes, a feature absent in FinecoBank's app. While both apps lack the ability to auto-save chart drawings, AvaTrade's offering is rated higher, with 4.5 out of 5 stars, compared to FinecoBank's 4 stars, reflecting a more favorable user experience. According to ForexBrokers.com, AvaTrade is ranked 13th among 63 brokers in the Mobile Trading Apps category, while FinecoBank ranks 42nd, highlighting AvaTrade's superior app functionality and user satisfaction in the mobile trading world.
| 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 examining the research offerings between online brokers AvaTrade and FinecoBank, several differences become apparent. Both brokers provide forex news from reputable sources like Bloomberg and Reuters, and each offers an economic calendar to track key global events. However, AvaTrade distinguishes itself by offering tools from Trading Central, helping traders with advanced technical analytics. Additionally, AvaTrade provides a sentiment-based trading tool that allows users to gauge market mood by showing ratios of long or short positions across various currency pairs. Neither broker offers daily market commentary or resources from Autochartist and Acuity Trading, but they compensate with these other features.
Both AvaTrade and FinecoBank enjoy a solid research reputation, each receiving a rating of four stars in this category. Their respective rankings in the Research category, as assessed by ForexBrokers.com, show AvaTrade at 34th and FinecoBank just slightly ahead at 33rd out of 63 brokers. This close competition highlights that both platforms are competitive choices for those seeking thorough market research, although AvaTrade’s extra tools may appeal more to users interested in sentiment analysis and comprehensive technical insights.
| 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.
When comparing AvaTrade and FinecoBank for educational resources aimed at beginners, AvaTrade stands out for having an extensive range of materials. AvaTrade provides more than 10 educational pieces specifically focused on forex or CFDs, along with access to regular client webinars and a comprehensive library of previously recorded sessions. In addition to this, AvaTrade offers a well-rounded selection of both beginner and advanced educational videos and an investor dictionary with over 50 investing terms. This broad educational offering earns AvaTrade a high ranking of second place among 63 brokers evaluated by ForexBrokers.com for education, resulting in a strong 4-star rating.
FinecoBank, while offering some valuable educational content, trails behind AvaTrade in several areas. It does hold webinars monthly for clients and provides beginner educational videos along with an ample investor dictionary. However, it lacks a sufficient number of educational pieces focusing exclusively on forex or CFDs and does not offer a searchable archive of past webinars or advanced trading videos geared toward experienced traders. Despite these limitations, FinecoBank still maintains a competitive edge with a 4.0-star education rating and a 49th-place ranking on ForexBrokers.com, suggesting it remains a respectable option for educational resources.
| 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 63 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
|
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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