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 |
When comparing CMC Markets to FinecoBank in terms of commissions and fees, CMC Markets stands out with a stellar performance. In the 2025 Annual Awards, CMC Markets achieved the top spot in the Commissions and Fees category, boasting a 5-star rating. Their standout feature is consistently low spreads, including an average spread of 0.61 pips on the EUR/USD, making their pricing highly competitive. The broker's Price Plus Scheme further enhances the trading experience by allowing discounts on trading costs, depending on the trader's activity level. Additionally, CMC Markets' FX Active pricing structure offers zero pips on minimum spreads and a reasonable $2.50 commission per trade in selected markets.
On the other hand, FinecoBank holds a lower ranking of #50 out of 62 brokers in the Commissions and Fees category, with a 3.5-star rating, largely due to a lack of transparency regarding true trading costs. While FinecoBank lists a spread of 1 pip for the EUR/USD, this figure is higher compared to industry standards and lacks detailed average spread data. The absence of comprehensive spread information complicates the evaluation of their pricing structure, making it less competitive in contrast to CMC Markets' well-defined offerings.
In conclusion, CMC Markets clearly leads with its competitive pricing and favorable commission structures, further substantiating its position as a market leader. Meanwhile, FinecoBank's lack of detailed spread information and higher listed spreads highlight areas for potential improvement to better compete with top-tier brokers like CMC Markets.
| 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.
When comparing CMC Markets and FinecoBank, both brokers provide an impressive range of investment options, although CMC Markets offers a broader spectrum with 11,925 tradable symbols compared to FinecoBank's 9,770. For forex enthusiasts, CMC Markets clearly has the upper hand with a selection of 156 forex pairs as opposed to FinecoBank's 54. Both brokers allow investment in exchange-traded securities on U.S. and international exchanges, giving clients the opportunity to buy shares in companies like Apple and Vodafone. While neither offers the purchase of actual cryptocurrency, CMC Markets allows trading cryptocurrency derivatives, keeping them ahead in digital currency options.
In terms of additional features, CMC Markets also offers copy trading, a benefit not available through FinecoBank, catering to those looking to mimic seasoned traders. CMC Markets shines with a 5-star rating for its range of investments and holds the 9th spot for investment offerings on ForexBrokers.com out of 62 brokers. Meanwhile, FinecoBank is not far behind with a solid 4.5-star rating, ranking 16th in the same category. These distinctions reflect CMC Markets' slightly broader portfolio, appealing to diverse investment strategies and preferences.
| 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 it comes to trading platforms and tools, CMC Markets and FinecoBank each provide proprietary platforms developed in-house along with support for Windows-based desktop and web-based trading platforms. CMC Markets goes further by offering a free virtual demo account for simulated trading, which is an essential feature for beginners or those wanting to test strategies risk-free. FinecoBank lacks this feature, which could be a disadvantage for newcomers. Both platforms have their unique advantages, but CMC Markets distinctly outshines with offerings like copy trading and compatibility with MetaTrader 4 and 5, whereas FinecoBank doesn't support these third-party platforms.
Charting capabilities differ significantly; CMC Markets offers a robust 40 drawing tools compared to FinecoBank's 7, and it allows trading directly from a stock chart, giving more flexibility and better visualization for traders. In terms of watch lists, CMC Markets offers 11 customizable columns, providing detailed customization that FinecoBank does not. Rated 5 stars for its trading platforms and tools, CMC Markets ranks #4 out of 62 brokers according to ForexBrokers.com, while FinecoBank holds a respectable 4-star rating and ranks at #18. Overall, CMC Markets seems to offer a more comprehensive suite of tools and platforms tailored for both advanced users and those just starting out.
| 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 brokers offer iPhone and Android applications, ensuring accessibility across major devices. For traders seeking real-time updates, both apps provide stock and forex price alerts. However, CMC Markets stands out with the ability to sync watchlist symbols between its mobile app and online account, a feature FinecoBank lacks. Additionally, when it comes to charting tools, CMC Markets offers an impressive 29 technical studies, while FinecoBank provides just 6. For those who like to analyze trends, CMC Markets allows drawing trendlines directly on charts, a feature not available with FinecoBank.
Furthermore, CMC Markets supports the viewing of multiple time frames on charts and ensures that any drawings are automatically saved, adding to its user-friendly experience. Watchlists with real-time quotes can be created within the CMC Markets app, but this feature is absent in the FinecoBank app. Reflecting these differences, CMC Markets receives a superior rating of 5 stars for its mobile trading app, compared to FinecoBank’s 4 stars. According to ForexBrokers.com, CMC Markets ranks 5th out of 62 brokers, significantly ahead of FinecoBank's 42nd position in the Mobile Trading Apps category.
| 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.
Comparing the market research offerings of CMC Markets and FinecoBank reveals some key differences in their features. CMC Markets excels with daily market commentary and exclusive forex news from reputable sources like Bloomberg and Reuters, providing traders timely information. They also offer advanced technical analysis tools from Autochartist, and a sentiment-based trading tool to help traders gauge market trends more effectively. FinecoBank, while also providing news from top-tier sources, does not offer daily commentary or Autochartist tools. Instead, it leverages its own strengths for market insights.
Both platforms provide an economic calendar featuring global news events, aiding traders in staying current with economic shifts. CMC Markets receives a stellar rating of 5 stars for their comprehensive research capabilities, ranking #6 out of 62 brokers according to ForexBrokers.com. FinecoBank, though well-regarded with a solid 4-star rating, ranks at #33, highlighting CMC Markets' edge in delivering more extensive and accessible market research tools for traders looking for depth and clarity in their trading decisions.
| 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 offered by CMC Markets and FinecoBank, there are a few key differences to consider. CMC Markets provides a wealth of materials, with over 10 educational pieces focused on forex or CFDs, making it an excellent choice for those new to trading. Although it lacks monthly live webinars, it compensates with a searchable archive of past webinars for convenient learning at any time. Additionally, CMC Markets offers over 10 videos tailored specifically to beginner traders, helping them grasp fundamental trading concepts, and also supplies advanced educational content for more seasoned traders. Supporting their comprehensive approach to beginner education, CMC Markets includes an extensive investor dictionary with over 50 investing terms, contributing to its high educational rating of 5 stars and a solid ranking of #10 out of 62 brokers by ForexBrokers.com.
FinecoBank, while offering some educational resources, falls short in terms of breadth compared to CMC Markets. Although it does not reach the 10-piece minimum specifically about forex or CFDs, it provides monthly live educational webinars, offering interactive opportunities for real-time learning. FinecoBank matches CMC Markets in offering over 10 beginner videos and also provides a detailed investor dictionary. However, it does not offer advanced trading videos targeting experienced traders, which might limit traders looking to advance their skills. Despite these offerings, FinecoBank’s rating for education is 4.0 stars, placing it at #49 in the education category according to ForexBrokers.com, suggesting room for enhancement to support beginner traders fully.
| 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 62 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 |
| Range of Investments |
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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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