Written by ForexBrokers.com
In this head to head comparison of CMC Markets 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.
CMC Markets and FinecoBank both offer online brokerage services but differ in several regulatory aspects. CMC Markets, established in 1989, is publicly traded and holds five Tier-1 licenses, along with one Tier-2 license. This contributes to its impressive Trust Score of 99 according to ForexBrokers.com, indicating it is highly trusted. Although it is not a bank, CMC Markets is recognized for its strong regulatory standing and market credibility.
FinecoBank, founded in 1999, is also publicly traded and differentiates itself as a bank. With two Tier-1 licenses, FinecoBank holds a ForexBrokers.com Trust Score of 94. This score places it in the highly trusted category, though slightly below CMC Markets. While FinecoBank doesn't hold any Tier-2 licenses, its status as a bank may offer additional peace of mind to investors looking for integrated financial services.
| Feature |
CMC Markets
|
FinecoBank
|
|---|---|---|
| Year Founded | 1989 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
CMC Markets stands out as a leading online broker thanks to its exceptional commission and fee structure. Awarded 5 stars and ranked #1 in the Commissions and Fees category by ForexBrokers.com, CMC Markets is recognized for its consistently low spreads. The broker's offering includes average spreads of 0.61 pips on EUR/USD, which surpasses the industry average. With its innovative Price Plus Scheme, CMC Markets further enhances its offerings, allowing active traders to earn discounts on trading costs based on collected Trading Points, achievable by trading standard lots. Its FX Active pricing structure offers commission-based pricing with $2.50 per side combined with minimal spreads, ensuring an all-in cost of 0.5 pips when trading EUR/USD.
In contrast, FinecoBank presents a more opaque picture in terms of commissions and fees, which may make cost assessment challenging. The broker, rated 3.5 stars and ranked #51 for Commissions and Fees by ForexBrokers.com, does not provide average spread data for forex and CFD trading. Fineco lists a spread of 1 pip for EUR/USD and another at 0.8 pips, but these figures are not specified as average values nor provided with a date range. Despite this, FinecoBank does offer comparatively lower spreads on its index CFDs.
Both brokers offer varying appeal based on their pricing structures. CMC Markets provides a transparent, low-cost trading environment with the added benefit of substantial discounts for active traders. FinecoBank, however, lacks comprehensive data on spreads, potentially leading to uncertainties in understanding true trading costs. For traders prioritizing low costs and transparency, CMC Markets holds a significant edge over FinecoBank in terms of commissions and fees.
| Feature |
CMC Markets
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.61 | N/A |
| All-in Cost EUR/USD - Active | 0.51 | 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.
Comparing the range of investments available, CMC Markets stands out by offering an impressive 11,925 tradeable symbols, while FinecoBank provides 9,770 symbols. Both platforms facilitate forex trading as CFDs or spot contracts, yet CMC Markets excels with 156 tradeable forex pairs compared to FinecoBank's 54. Clients interested in exchange-traded securities will find both brokers accommodating, as they allow investments in U.S. companies like Apple and international options such as Vodafone. However, a key differentiator is the presence of copy trading, which CMC Markets supports while FinecoBank does not.
Regarding cryptocurrency, neither broker offers the purchase of actual digital currencies, though CMC Markets permits trading cryptocurrency derivatives. This combined with the broad array of investment options contributes to CMC Markets receiving a 5-star rating in range of investments compared to FinecoBank's 4.5 stars. With CMC Markets ranked #9 out of 63 brokers for their investment range and FinecoBank at #16, CMC Markets offers a slightly more diverse and flexible investment platform for traders seeking variety.
| Feature |
CMC Markets
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 9770 |
| Forex Pairs (Total) | 156 | 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.
When comparing CMC Markets and FinecoBank, several differences in their trading platforms and tools become evident. CMC Markets offers a comprehensive suite that includes a demo account for simulated trading, allowing users to practice with virtual money. In contrast, FinecoBank does not provide this feature. Furthermore, both brokers have proprietary platforms developed in-house and support Windows-based desktop downloads and web-based trading. CMC Markets stands out by offering additional trading platforms such as MetaTrader 4 and MetaTrader 5, giving users more versatility. Besides, CMC Markets supports copy trading, broadening the scope for traders to follow successful strategies, a feature that FinecoBank lacks.
Analyzing their charting capabilities, CMC Markets offers a rich array of 40 drawing tools compared to FinecoBank’s 7, alongside the ability to trade directly from a stock chart, making it user-friendly for traders who want seamless integration. CMC Markets also offers more fields for watch lists, enhancing the customization for tracking investments. These offerings contribute to CMC Markets receiving a rating of 5 stars for trading platforms and tools, positioning it at #4 in ForexBrokers.com's rankings. In comparison, FinecoBank's offerings earn it a 4-star rating and #18 ranking. This makes CMC Markets particularly attractive for traders seeking diverse platform functionalities and advanced tools.
| Feature |
CMC Markets
|
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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 79 | 37 |
| Charting - Drawing Tools (Total) | 40 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 11 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of CMC Markets and FinecoBank, both platforms provide essential features such as availability on iPhone and Android devices, along with stock and forex price alerts. However, CMC Markets takes a clear lead with extra functionalities that enhance the trading experience. For instance, it offers syncing of watchlists, ensuring that changes made in the app reflect in the client’s online account. While both apps allow viewing multiple time frames on stock or forex charts, CMC Markets stands out with the ability to draw trendlines and automatically save these drawings, features missing from FinecoBank's app.
CMC Markets also excels in its charting capabilities, providing 29 technical studies compared to FinecoBank's 6. Furthermore, the app allows users to create watchlists with real-time quotes, adding another layer of convenience and efficiency to its mobile app offering. This superiority in features and user experience is reflected in its ratings; CMC Markets boasts a 5-star rating compared to FinecoBank's 4 stars, and ranks significantly higher in ForexBrokers.com's mobile trading apps category, securing the 5th spot out of 63 brokers, whereas FinecoBank ranks 42nd.
| Feature |
CMC Markets
|
FinecoBank
|
|---|---|---|
| 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 comparing the market research offerings of CMC Markets and FinecoBank, it becomes clear that CMC Markets provides a more comprehensive suite of tools and resources. CMC Markets consistently delivers daily market commentary, which FinecoBank does not. Both brokers provide forex news updates from highly regarded sources such as Bloomberg and Reuters, ensuring traders receive timely and reliable information. Additionally, CMC Markets stands out by providing technical analysis tools from the company Autochartist, which FinecoBank lacks. CMC Markets also offers a sentiment-based trading tool, showing the ratio of long and short positions across various currency pairs, another feature FinecoBank does not offer.
Both brokers supply economic calendars to track significant global news events, aiding traders in making informed decisions. However, CMC Markets receives a higher rating of 5 stars compared to FinecoBank's 4.0-star rating in market research from ForexBrokers.com. In the rankings among 63 brokers for the research category, CMC Markets holds an impressive sixth position, while FinecoBank is positioned at thirty-third. This comparative analysis highlights that CMC Markets is a superior choice for traders who value comprehensive market research amenities.
| Feature |
CMC Markets
|
FinecoBank
|
|---|---|---|
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners, CMC Markets and FinecoBank offer differing strengths. CMC Markets shines for providing a variety of materials specifically for those interested in forex or CFDs, with over 10 educational pieces, including videos, articles, and a comprehensive archive of previously recorded webinars. They also have a solid selection of beginner and advanced trading videos, making it easier for both novice and experienced traders to expand their knowledge. Additionally, CMC Markets boasts an extensive investor dictionary, featuring definitions of more than 50 key investing terms. This rich array of resources has earned them a top-notch 5-star rating for education and a #10 ranking out of 63 brokers in the Education category by ForexBrokers.com.
FinecoBank, on the other hand, focuses on different areas of educational support. While they do not provide the same depth of forex or CFDs education as CMC Markets, they excel in offering frequent online educational webinars, ensuring at least one is available each month. These live sessions can be invaluable for learners who benefit from interactive and up-to-date content. Although they do not maintain an archive of past webinars, they do offer beginner-oriented trading videos, complemented by a useful investor dictionary. FinecoBank has earned a respectable 4.0-star rating for education and ranks at #49 among 63 brokers in the Education category, according to ForexBrokers.com.
| Feature |
CMC Markets
|
FinecoBank
|
|---|---|---|
| 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 FinecoBank. CMC Markets finished with an overall rank of #4, while FinecoBank 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
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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CMC Markets provides the option to trade cryptocurrency derivatives, although not the actual cryptocurrency, unlike FinecoBank, which does not offer either the actual cryptocurrency or cryptocurrency derivatives.
When comparing online brokers, CMC Markets and FinecoBank both allow ACH and SEPA transfers as well as bank wires for depositing or withdrawing account funds, but CMC Markets offers additional flexibility with PayPal and Visa or Mastercard options, whereas FinecoBank does not provide these services.
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 | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | FinecoBank Review |
| Broker Screenshots | CMC Markets | FinecoBank | |
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| Regulation | CMC Markets | FinecoBank | |
|---|---|---|---|
| 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 | 5 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | FinecoBank | |
|---|---|---|---|
| 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) | No | No | |
| 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 | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | CMC Markets | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 9770 | |
| Forex Pairs (Total) | 156 | 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 | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.61 | N/A | |
| All-in Cost EUR/USD - Active | 0.51 | 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 | FinecoBank | |
|---|---|---|---|
| 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 | 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 | No | No | |
| ZuluTrade | No | No |
| Trading Tools | CMC Markets | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 11 | N/A | |
| Charting - Indicators / Studies (Total) | 79 | 37 | |
| Charting - Drawing Tools (Total) | 40 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | 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 | 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 | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | FinecoBank | |
|---|---|---|---|
| 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 | 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 | CMC Markets Review | FinecoBank Review |
| Overall | CMC Markets | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | FinecoBank Review |
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