Written by ForexBrokers.com
In this head to head comparison of CMC Markets vs Fineco, 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.
Catering to traders since 1989, CMC Markets has established itself as a reliable choice in the online brokerage world. As a publicly traded company, CMC Markets boasts a top Trust Score of 99 from ForexBrokers.com, indicating a high level of trust. With six Tier-1 licenses and one Tier-2 license, traders can feel secure knowing CMC Markets is backed by a strong regulatory framework. Though it isn't a bank, its long-standing presence and vigilant oversight offer users a trusted trading experience.
Founded in 1999, Fineco is not only a broker but also operates as a bank, giving it a unique advantage in financial services. Like CMC Markets, Fineco is publicly traded and holds two Tier-1 licenses, achieving a Trust Score of 94 from ForexBrokers.com. While it does not have Tier-2 licenses, its performance in regulatory compliance signals substantial reliability. Fineco's dual status as a bank and broker may appeal to those looking for an integrated financial solution in a solidly regulated environment.
| Feature |
CMC Markets
|
Fineco
|
|---|---|---|
| Year Founded | 1989 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When examining the commissions and fees of CMC Markets versus Fineco, CMC Markets emerges as a clear leader, earning a 5-star rating and securing the top spot in the Commissions and Fees category in the 2025 Annual Awards. Famous for its low spread offering, CMC Markets provides competitive pricing that consistently ranks above the industry average. On its standard account, traders can expect average spreads of 0.61 pips on the EUR/USD, a figure supported by price data from August 2023. Their FX Active pricing adds a commission-based model with spreads starting at zero pips, offering an economical trading cost of an all-in 0.5 pip on the EUR/USD with additional currency pairs also benefiting from this structure.
Furthermore, CMC Markets' Price Plus Scheme benefits active traders, facilitating discounts through Trading Points accumulated based on trading activities. The program allows traders to achieve a 20% discount by accumulating Trading Points, making it an attractive option for high-volume traders. This extensive commitment to providing competitive pricing solidifies CMC Markets' top position among 63 brokers in the Commissions and Fees category.
In contrast, Fineco scores 3.5 stars and ranks 51st among the same brokers, falling short in its transparency and competitiveness in trading costs. Fineco does not disclose average spread data, which makes it challenging to fully evaluate its trading costs. The company states a spread of 1 pip for the EUR/USD, higher than what is typically available from other forex brokers, though occasionally listing a spread of 0.8 pips without specifying if these are average values or providing a date range. Fineco appears to show more competitive pricing on index CFDs, but overall, the lack of clear average spread information presents a downside for traders seeking comprehensive cost assessments.
| Feature |
CMC Markets
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.65 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
CMC Markets and Fineco both provide a variety of investment opportunities, but they cater to slightly different trading preferences. CMC Markets stands out with an impressive offering of 12,029 tradeable symbols, including 141 forex pairs and a range of cryptocurrency derivatives. Additionally, CMC Markets provides exchange-traded securities on both U.S. and international exchanges, alongside a copy trading feature. With a top-tier 5-star rating for the range of investments from ForexBrokers.com and a high rank of #9 out of 63 brokers, CMC Markets ensures investors have a broad spectrum of tools and assets at their disposal.
Fineco, while boasting a slightly smaller catalog of 9,770 tradeable symbols and 54 forex pairs, also excels in providing a broad investment range by offering exchange-traded securities on U.S. and international markets. However, Fineco does not support cryptocurrency derivatives or copy trading. Despite these limitations, Fineco earns a commendable 4.5-star rating and ranks #16 in the range of investments category, indicating its strong reputation and comprehensive service offerings for discerning investors.
| Feature |
CMC Markets
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 9770 |
| Forex Pairs (Total) | 141 | 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.
CMC Markets stands out for its comprehensive trading platform offerings, providing a free virtual demo account to help traders fine-tune their skills, an advantage Fineco does not extend. Both brokers have developed their own proprietary trading platforms and support Windows-based and web-based trading applications, ensuring versatile access for users. Notably, CMC Markets enhances its platform selection with support for MetaTrader 4 and MetaTrader 5, while Fineco lacks this option. CMC Markets also offers the added benefit of copy trading, a feature unavailable through Fineco.
When it comes to charting and customization, CMC Markets offers 36 drawing tools and allows trading directly from stock charts, features that offer more flexibility compared to Fineco's seven drawing tools and absence of direct trading from charts. Although CMC Markets offers 11 fields for watch lists, Fineco’s corresponding data remains unspecified. CMC Markets earns a top rating of five stars for its trading platforms and tools, ranking 4th out of 63 brokers as per ForexBrokers.com, underscoring its superior offerings. Meanwhile, Fineco is rated four stars and holds the 18th rank, reflecting competent but slightly less competitive tools.
| Feature |
CMC Markets
|
Fineco
|
|---|---|---|
| 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) | 73 | 37 |
| Charting - Drawing Tools (Total) | 36 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 11 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both CMC Markets and Fineco offer comprehensive mobile trading apps available on iPhone and Android devices, catering to traders who are constantly on the go. With both platforms allowing users to receive stock and forex price alerts, traders can stay informed about market movements. However, CMC Markets distinguishes itself with enhanced features such as watchlist symbol syncing, which ensures that any changes made to watchlists are updated across both mobile and online platforms. This convenience is not available with Fineco's app.
When it comes to charting capabilities, CMC Markets' app is superior with 29 technical studies compared to Fineco's six. Users of the CMC Markets app can draw trendlines and have them automatically saved, offering a seamless experience during technical analysis, something not supported by Fineco. Both apps allow viewing of multiple time frames on charts, yet only CMC Markets allows creating watchlists with real-time quotes. These differences are reflected in their ratings, with CMC Markets earning five stars and ranking 5th out of 63 brokers, while Fineco holds a four-star rating and is ranked 42nd. The more advanced features offered by CMC Markets provide a well-rounded and efficient trading app experience.
| Feature |
CMC Markets
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 29 | 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 it comes to market research, CMC Markets provides a comprehensive suite of tools and resources for traders. They excel with features such as daily market commentary, forex news from top-tier sources like Bloomberg and Reuters, and unique tools from Autochartist to enhance technical and fundamental analysis. Additionally, traders benefit from a sentiment-based tool that highlights the ratio of long and short positions across various instruments. CMC Markets also keeps users informed with a global economic calendar. Their impressive offerings have earned them a 5-star rating for research and a rank of 6th out of 63 brokers as per ForexBrokers.com.
In contrast, Fineco, while offering forex news from renowned sources and a useful economic calendar, lacks some of the advanced research tools that CMC Markets provides. They do not offer daily market commentary or tools from Autochartist, which might limit traders seeking detailed technical insights and sentiment analysis. Despite this, Fineco maintains a solid reputation with a 4-star research rating and holds the 33rd spot in the ForexBrokers.com ranking. Overall, while both platforms offer reliable research tools, CMC Markets stands out for those wanting a more in-depth analysis and greater frequency in market updates.
| Feature |
CMC Markets
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, CMC Markets offers a comprehensive array, making it a strong contender for new traders looking to dive into forex and CFD trading. They provide a wide selection of more than ten detailed educational materials, which include articles, videos, and archived webinars specifically focused on forex or CFDs. Additionally, CMC Markets has a searchable archive of recorded webinars, enhancing accessibility and learning flexibility for users. For beginners, there are over ten educational videos crafted to ease them into the world of trading, complemented by advanced content for those ready to deepen their knowledge. Their offering is also bolstered by an extensive investor dictionary, making learning the ropes smoother for aspiring traders.
In contrast, while Fineco offers quality beginner educational videos on trading topics and an investor dictionary similar to CMC Markets, they fall short in other areas. Though they excel in providing monthly online webinars, enhancing live learning opportunities, they don't have a searchable webinar archive or as extensive a variety of educational materials focused specifically on forex and CFDs. Furthermore, their resources for advanced traders are limited. Fineco's overall educational offerings, as reflected in their 4-star rating and number 49 ranking out of 63 brokers by ForexBrokers.com, suggest that while they are a strong option for beginners not focused on forex or CFD education, CMC Markets stands out significantly in breadth and depth.
| Feature |
CMC Markets
|
Fineco
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | 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 CMC Markets is better than Fineco. CMC Markets finished with an overall rank of #4, while Fineco finished with an overall rank of #25.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
| Feature |
CMC Markets
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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CMC Markets allows investors to trade in cryptocurrency derivatives, whereas Fineco does not offer cryptocurrency derivatives, and neither platform provides options to purchase actual, delivered cryptocurrencies.
CMC Markets and Fineco both support ACH/SEPA transfers and bank wires for funding and withdrawals, but while CMC Markets additionally accepts PayPal and Visa/Mastercard, Fineco does not offer these options, and neither platform accepts Skrill.
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 | CMC Markets | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | Fineco Review |
| Broker Screenshots | CMC Markets | Fineco | |
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| Regulation | CMC Markets | Fineco | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1989 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | CMC Markets | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | CMC Markets | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12029 | 9770 | |
| Forex Pairs (Total) | 141 | 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 | CMC Markets | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 0.65 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | CMC Markets | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | CMC Markets | Fineco | |
|---|---|---|---|
| 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 | CMC Markets | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 11 | N/A | |
| Charting - Indicators / Studies (Total) | 73 | 37 | |
| Charting - Drawing Tools (Total) | 36 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | Fineco | |
|---|---|---|---|
| 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 | 29 | 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 | CMC Markets | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | Fineco | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | 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 | CMC Markets | Fineco | |
|---|---|---|---|
| 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 | CMC Markets Review | Fineco Review |
| Overall | CMC Markets | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | Fineco Review |
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