Written by ForexBrokers.com
In this head to head comparison of Fineco vs Eightcap, 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.
Fineco and Eightcap are two prominent online brokers with distinct characteristics. Fineco, founded in 1999, stands out as a publicly traded bank, offering the reliability and security of being listed on a stock exchange. Holding two Tier-1 licenses, it boasts a high level of trust with a ForexBrokers.com Trust Score of 94. This makes Fineco highly trusted by users, reinforcing its position as a stable choice for online trading.
In comparison, Eightcap, established in 2009, is not publicly traded and does not operate as a bank. However, it holds a commendable three Tier-1 licenses, reflecting a strong level of security for its customers. Despite being younger and not listed on an exchange, Eightcap achieves a respectable ForexBrokers.com Trust Score of 85, placing it in the trusted category. Both brokers offer solid options for traders, with Fineco providing the assurance of a higher trust rating, while Eightcap delivers strong regulatory credentials through its multiple Tier-1 licenses.
| Feature |
Fineco
|
Eightcap
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Fineco and Eightcap in terms of commissions and fees, Fineco presents some challenges due to its lack of transparency in average spread data for forex and CFD trading. The broker lists a spread of 1 pip for EUR/USD, which, while higher than the average offering from forex brokers, does not specify whether it is an average spread or under what conditions it applies. Fineco's rating on this front is 3.5 stars, and it ranks 51st out of 63 brokers for commissions and fees categories.
Conversely, Eightcap provides clearer information with two account types: the commission-based Raw account and the spread-only Standard account. The Raw account offers an average spread of 0.06 pips, but when including a commission of $3.50 per trade, the all-in cost equals approximately 0.76 pips, just below the industry average. Eightcap's transparency and competitive pricing earn it a higher rating of 4 stars, ranking 26th out of 63 brokers in the same category.
In summary, Eightcap provides more transparent pricing with competitive fees, especially for those utilizing the Raw account, while Fineco’s lack of clarity around its spreads makes it challenging to gauge actual trading costs accurately. This distinction reflects in their respective rankings and star ratings, with Eightcap coming out ahead in terms of commission and fees when compared to Fineco.
| Feature |
Fineco
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Fineco and Eightcap both provide forex trading through CFDs, allowing traders to engage with a variety of markets. Fineco stands out with an extensive offering of 9,770 tradeable symbols, significantly more than Eightcap's selection of 800. Fineco also provides access to 54 forex pairs, while Eightcap goes slightly further with 56. Another key distinction is in the accessibility of exchange-traded securities; Fineco allows clients to invest in U.S. and international exchanges, giving them the option to buy stocks such as Apple and Vodafone directly. In contrast, Eightcap does not offer this feature.
For those interested in copy trading, Eightcap offers this option, which can appeal to traders looking to mimic the strategies of experienced investors. Fineco does not provide copy trading services. When it comes to cryptocurrencies, Eightcap allows trading in cryptocurrency derivatives, but neither broker offers direct purchases of actual cryptocurrencies. Fineco is rated 4.5 stars for its range of investments, ranking 16th out of 63 brokers, showcasing its broad spectrum of trading options. Conversely, Eightcap receives a 3.5-star rating, landing at 40th place, indicating a narrower focus primarily on forex and CFDs.
| Feature |
Fineco
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 800 |
| Forex Pairs (Total) | 54 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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 deciding between Fineco and Eightcap, it’s important to consider their differences in trading platforms and tools. Fineco impresses with its in-house developed platform available both as a Windows-based desktop download and a web-based platform, but it lacks popular third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). While Fineco does not provide a virtual demo account or support copy trading, it stands out with a 4-star rating for trading platforms and tools, positioned at rank #18 out of 63 brokers by ForexBrokers.com.
Conversely, Eightcap supports both MT4 and MT5, appealing to traders who prefer these globally recognized platforms. It offers a Windows-based and web-based trading interface, providing flexibility for different user preferences. Unique features such as a free virtual demo account and copy trading add to its appeal, making Eightcap a versatile choice. Though its platform offerings have earned it a 4-star rating, it ranks #38 in the category of trading platforms and tools according to ForexBrokers.com. Additionally, Eightcap offers the ability to trade directly from stock charts and boasts a wider selection of drawing tools compared to Fineco.
| Feature |
Fineco
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Fineco and Eightcap offer apps that are available for iPhone and Android users, providing the essential flexibility for traders who are always on the go. Both brokers also include the capability to receive stock and forex price alerts directly on their apps. However, Eightcap takes a lead with its inclusion of watchlist symbol syncing, allowing any changes made on the mobile app to automatically update on your online account—a feature Fineco does not offer. In terms of charting, Fineco provides six technical studies, which is considerably fewer than the thirty provided by Eightcap. This gives Eightcap users a broader range of tools for in-depth analysis. Also, Eightcap users can draw trendlines on charts and have their drawings auto-saved, enhancing the ease of tracking trading strategies, features that are notably absent in Fineco's offering.
Moreover, Fineco and Eightcap both support viewing multiple time frames on trading charts, such as daily, weekly, or intraday, ensuring traders can access the specific data they need. For creating watchlists with real-time quotes, Eightcap again outshines Fineco by providing this capability on its app. Despite these differences, both apps receive a mobile trading app rating of four out of five stars. Eightcap, however, ranks slightly higher in the Mobile Trading Apps category by ForexBrokers.com, coming in at #38 compared to Fineco's rank at #42 out of 63 brokers. This subtle difference might influence traders who prioritize app functionality and features in their trading experience.
| Feature |
Fineco
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Fineco and Eightcap for market research, it's clear that each platform has its own strengths. Eightcap stands out with its daily market commentary and a unique sentiment-based trading tool that provides insights into market positions. On the other hand, Fineco excels by providing forex news from top-tier sources such as Bloomberg and Reuters, ensuring traders have access to premium information that can aid in making informed decisions.
Both Fineco and Eightcap offer comprehensive economic calendars that keep traders updated with global news events. According to ForexBrokers.com, Fineco receives a slightly higher rating for research at 4.0 stars, ranking 33rd out of 63 brokers, while Eightcap is rated at 3.5 stars and ranks 39th. While neither broker uses tools from Autochartist or Trading Central, these ratings reflect Fineco's advantage in offering quality news content, whereas Eightcap provides more unique research tools for sentiment analysis.
| Feature |
Fineco
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Fineco and Eightcap for educational resources for beginners, both brokers offer a variety of features to enhance learning but with some distinctions. Fineco stands out by offering live online educational webinars each month, a valuable tool for real-time learning. Additionally, Fineco provides a comprehensive investor dictionary with over 50 investing terms and offers more than 10 beginner-focused educational videos. However, it lacks a searchable archive of recorded webinars and does not provide a series of advanced educational videos. Eightcap shines with its offering of over 10 educational pieces on forex or CFDs, including articles, videos, and archived webinars. This extensive library can be particularly beneficial for newcomers eager to understand these markets.
Although both brokers provide important resources like investment dictionaries and numerous beginner videos, there are some differences in their educational rankings and offerings. Fineco received a higher education rating of 4.0 stars out of five, compared to Eightcap's 3.5 stars. Yet, when evaluated by ForexBrokers.com, Fineco is ranked lower at #49 out of 63 brokers, while Eightcap sits at a more favorable position at #40. Choosing between these brokers largely depends on whether the preference is for ongoing live interaction through webinars with Fineco or a wider range of foundational reading and recorded content with Eightcap.
| Feature |
Fineco
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Fineco is better than Eightcap. Fineco finished with an overall rank of #25, while Eightcap finished with an overall rank of #38.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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Eightcap
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| Overall Rating |
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| Trust Score | 94 | 85 |
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When comparing online brokers Fineco and Eightcap in terms of cryptocurrency offerings, neither platform allows buying actual delivered cryptocurrencies, but only Eightcap offers the ability to trade cryptocurrency derivatives.
Comparing online brokers Fineco and Eightcap reveals that Fineco supports ACH and SEPA transfers alongside bank wires for funding and withdrawals, while Eightcap does not offer ACH or SEPA but accommodates PayPal, Skrill, Visa, Mastercard, and bank wires, highlighting different strengths in deposit and withdrawal options.
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 | Fineco | Eightcap | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Fineco Review | Eightcap Review |
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| Regulation | Fineco | Eightcap | |
|---|---|---|---|
| Trust Score | 94 | 85 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Fineco | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 800 | |
| Forex Pairs (Total) | 54 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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 | Fineco | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | Eightcap | |
|---|---|---|---|
| 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 | Fineco Review | Eightcap Review |
| Overall | Fineco | Eightcap | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Fineco Review | Eightcap Review |
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