Written by ForexBrokers.com
In this head to head comparison of eToro 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.
When comparing eToro and FinecoBank, both platforms exhibit strong credentials in terms of regulatory compliance and public trust. eToro, established in 2007, boasts a higher Trust Score of 96 according to ForexBrokers.com, reflecting its classification as a highly trusted broker. As a public entity, eToro holds three Tier-1 licenses and one Tier-2 license, underscoring its commitment to upholding stringent regulatory standards. Although not a bank itself, eToro's presence on the stock exchange further attests to its transparency and accountability in the online brokerage industry.
FinecoBank, founded in 1999, shares similarities with eToro in terms of being publicly traded, yet distinguishes itself by operating as a full-fledged bank. It holds a Trust Score of 94, also denoting a high level of trust from ForexBrokers.com. FinecoBank secures two Tier-1 licenses, providing a solid foundation for reliability and regulatory adherence. While FinecoBank does not possess any Tier-2 licenses, its dual function as a bank adds an extra layer of security and trust for its users. Both platforms demonstrate proven track records in financial governance, making either a commendable choice for investors seeking assurance alongside their investment opportunities.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
eToro, as a market-maker broker, features a typical variable spread of 1 pip on the EUR/USD, which tends to be slightly higher than the industry standard. Traders often choose eToro not for its competitive spreads but for the platform’s renowned social copy trading capabilities. Additionally, eToro offers a VIP club with five membership tiers ranging from Silver to Diamond for traders maintaining balances between $5,000 and $250,000. These tiers provide benefits such as access to Trading Central, discounted withdrawal and deposit fees, and a dedicated account manager.
FinecoBank, on the other hand, does not publish average spread data for forex and CFD trading, which makes it challenging to gauge its precise trading costs. The broker lists a spread of 1 pip for EUR/USD and also mentions a spread of 0.8 pips. However, these figures are not listed as average values, and there is no indication of the applicable date range. Despite this, FinecoBank may offer more competitive spreads on its index CFDs compared to its forex offerings.
In terms of ratings, eToro earns a 4.5-star rating for commissions and fees, ranking 22nd out of 63 brokers as evaluated by ForexBrokers.com. In contrast, FinecoBank receives a 3.5-star rating and ranks 51st in the same category. This comparative ranking highlights eToro's stronger performance in this area, bolstered by its unique social trading features and the perks of its VIP club membership.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 the range of investments offered by eToro and FinecoBank, both platforms provide traders with diverse opportunities, though their offerings differ slightly. eToro boasts 5,461 tradeable symbols, but FinecoBank surpasses this with 9,770. For forex enthusiasts, eToro offers 55 forex pairs, just edging out FinecoBank's 54. Both brokers provide access to U.S. and international exchange-traded securities, meaning investors can dabble in companies like Apple and Vodafone across both platforms. However, when it comes to cryptocurrencies, eToro allows the purchase of both actual digital coins and cryptocurrency derivatives, while FinecoBank does not offer actual cryptocurrency purchases or derivatives.
eToro and FinecoBank also diverge in their trading features. eToro is distinctive in offering a copy trading feature, enabling users to mimic the trades of seasoned investors, a service FinecoBank lacks. This, coupled with its cryptocurrency options, earns eToro a perfect rating of 5 stars for its range of investments according to ForexBrokers.com, ranking it 10th out of 63 brokers in the category. FinecoBank follows closely with a 4.5-star rating, ranked 16th, reflecting its broad yet slightly less versatile range of options compared to eToro.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 9770 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 the trading platforms and tools of eToro and FinecoBank, several differences and similarities stand out. One key advantage of eToro is its provision of a free virtual demo account, which allows users to practice trading without any financial risk, a feature FinecoBank does not offer. Both brokers have developed their own in-house trading platforms and offer web-based platforms accessible through a browser. However, FinecoBank edges out with an additional Windows-based desktop trading platform, which eToro lacks. eToro is known for its innovative copy trading feature, allowing users to mirror the trades of successful investors. Unfortunately, FinecoBank does not support a similar feature.
While neither broker offers popular platforms like MetaTrader 4 and MetaTrader 5 or tools such as DupliTrade and ZuluTrade, eToro and FinecoBank each offer unique charting features. eToro provides around 161 drawing tools for enhanced technical analysis, significantly more than FinecoBank's 7. Additionally, eToro’s watch lists support six different data columns, whereas this feature is not applicable for FinecoBank. Ratings for trading platforms and tools favor eToro slightly, scoring 4.5 out of 5 stars compared to FinecoBank's 4 stars, and as such, eToro is ranked 8th of 63 brokers by ForexBrokers.com in this category, while FinecoBank is ranked 18th.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 37 |
| Charting - Drawing Tools (Total) | 161 | 7 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and FinecoBank, there are several features to consider. Both platforms offer apps compatible with iPhone and Android devices, ensuring accessibility for a wide range of users. They provide stock and forex price alerts, allowing traders to stay updated on market movements. However, eToro stands out with its watchlist symbol syncing feature, which FinecoBank lacks. This means changes made on eToro's app will seamlessly sync with the user's online account, offering greater convenience and integration. Another significant difference is in charting capabilities; eToro offers an impressive 104 technical studies compared to FinecoBank's 6, providing more tools for detailed analysis. Both apps allow users to view multiple time frames, but neither app supports drawing trendlines or auto-saving chart drawings.
Additional advantages of the eToro app include the ability to create a watchlist with real-time quotes, a feature that FinecoBank does not provide. In terms of user ratings, eToro is slightly ahead with a 4.5-star rating compared to FinecoBank’s 4 stars. Rankings from ForexBrokers.com also highlight this difference, placing eToro at #10 and FinecoBank at #42 out of 63 brokers for mobile trading apps. These factors make eToro's app more appealing for traders looking for advanced features and higher integration, while FinecoBank's app might suit those with more basic needs.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 6 |
| Mobile Charting - Draw Trendlines | No | 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 it comes to online market research tools, eToro and FinecoBank offer distinct strengths. eToro provides daily market commentary and features tools like sentiment-based trading tools and market research from TipRanks, enhancing its financial insight offerings. Additionally, eToro partners with Trading Central for technical analysis resources, providing traders with dynamic trading analytics. While FinecoBank does not include these particular features, it stands out in sourcing its forex news from respected outlets like Bloomberg and Reuters, providing traders with top-tier financial updates.
Both eToro and FinecoBank offer access to an economic calendar for global news events, helping traders stay ahead of market changes. Despite these shared aspects, eToro achieves a slightly higher research rating of 4.5 stars compared to FinecoBank's 4.0 stars, according to ForexBrokers.com. Additionally, eToro ranks 13th in their research category, while FinecoBank is positioned at 33rd. This highlights eToro's strong emphasis on delivering comprehensive research tools to its users, giving it a noteworthy advantage for traders requiring varied market insights.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, eToro stands out compared to FinecoBank. eToro impressively provides a comprehensive range of materials focusing on forex and CFDs, including over ten educational pieces such as articles and videos. Additionally, eToro offers monthly online webinars and a handy searchable archive of past recordings, allowing users to learn at their own pace. For beginners, eToro also features a vast library of beginner and advanced educational videos and a detailed investor dictionary with over 50 investing terms, making it a solid choice for newcomers looking to deepen their trading knowledge.
On the other hand, FinecoBank offers a more limited selection of educational resources for beginners. While they also provide monthly educational webinars and a wide selection of beginner videos, they lack a searchable archive of past webinars and comprehensive education on forex and CFDs. Furthermore, their educational content for experienced traders is less extensive than eToro’s. Despite having an investor dictionary similar in scope to eToro's, FinecoBank's overall approach to beginner education doesn't quite match up. This is reflected in their ratings, with eToro receiving a 4.5-star rating compared to FinecoBank's 4.0 stars, and respective rankings in education by ForexBrokers.com, where eToro ranks fifth while FinecoBank sits at forty-ninth out of sixty-three brokers.
| Feature |
eToro
|
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 eToro is better than FinecoBank. eToro finished with an overall rank of #9, while FinecoBank finished with an overall rank of #25.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 96 | 94 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
eToro allows users to buy both actual delivered cryptocurrency and cryptocurrency derivatives, while FinecoBank does not offer the purchase of actual cryptocurrency or its derivatives.
eToro and FinecoBank both support ACH and SEPA transfers as well as bank wires for depositing and withdrawing funds; however, eToro additionally offers options like PayPal, Skrill, and Visa/Mastercard, which FinecoBank does not provide.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | eToro | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | FinecoBank Review |
| Broker Screenshots | eToro | FinecoBank | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | eToro | FinecoBank | |
|---|---|---|---|
| Trust Score | 96 | 94 | |
| Year Founded | 2007 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | FinecoBank | |
|---|---|---|---|
| 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) | eToro | FinecoBank | |
|---|---|---|---|
| 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 | eToro | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 9770 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | eToro | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | Yes | Yes |
| Trading Platforms | eToro | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 104 | 37 | |
| Charting - Drawing Tools (Total) | 161 | 7 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 6 | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | eToro | 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 | eToro Review | FinecoBank Review |
| Overall | eToro | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | FinecoBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill