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.
Founded in 2007, eToro operates as an online broker and offers traders a broad range of investment options. Though it is not publicly traded and doesn't function as a bank, eToro holds three Tier-1 licenses and one Tier-2 license, underscoring its strong regulatory compliance. With a ForexBrokers.com Trust Score of 93 out of 99, eToro is highly trusted by industry standards, appealing to investors looking for a reliable trading partner.
FinecoBank, established in 1999, stands out as a bank that also offers brokerage services. Unlike eToro, FinecoBank is publicly traded, which adds a layer of transparency. It holds two Tier-1 licenses but does not have Tier-2 licenses. Earning a slightly higher Trust Score of 94 out of 99 from ForexBrokers.com, FinecoBank is also highly trusted, providing a secure and stable choice for both banking and trading needs.
| Feature |
eToro
|
FinecoBank
|
|---|---|---|
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | No | 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 and FinecoBank offer distinct pricing structures for their trading services. eToro, a market-maker broker, provides a typical variable spread of 1 pip on the EUR/USD, which is slightly higher than the industry standard. Despite this, the platform attracts retail traders due to its social copy trading features rather than competitive spreads. With a 4.5-star rating and ranked #22 out of 62 brokers by ForexBrokers.com for commissions and fees, eToro is recognized for its dynamic features, including its VIP club offering five membership tiers, which grant various perks like Trading Central access, reduced fees, and dedicated support based on the account balance.
On the other hand, FinecoBank does not openly share average spread data for forex and CFD trading, making it challenging to evaluate its trading costs accurately. The broker lists a spread of 1 pip on the EUR/USD, which is on the higher end compared to many other forex brokers. Additionally, a spread of 0.8 pips is also mentioned, but not as an average value, lacking specific timeframe information. However, FinecoBank seems to offer more competitive spreads on index CFDs. Despite these offerings, FinecoBank holds a 3.5-star rating and ranks #50 out of 62 brokers according to ForexBrokers.com for its commissions and fees category.
For traders focusing on cost-efficiency, eToro's higher-ranking position and additional benefits through various membership tiers could present a more valuable proposition, especially if social trading is of interest. In contrast, FinecoBank's unclear spread information might warrant a closer look by those prioritizing transparency in trading fees. Both platforms exhibit unique advantages, which should be weighed based on individual trading needs and preferences.
| 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.
eToro and FinecoBank both offer a wide range of investment options for traders, but they cater to different preferences. eToro provides access to 5,461 tradeable symbols, including 55 forex pairs, with the flexibility to trade forex as a CFD or spot contract. It is noteworthy that eToro allows users to buy exchange-traded securities on both U.S. and international exchanges, and offers unique features such as copy trading and the ability to buy actual cryptocurrencies as well as cryptocurrency derivatives. This robust array of options has earned eToro a 5-star rating for its range of investments and a commendable 10th place ranking out of 62 brokers according to ForexBrokers.com.
FinecoBank, on the other hand, stands out with an impressive 9,770 tradeable symbols, though it offers slightly fewer forex pairs at 54. Like eToro, FinecoBank supports forex trading through CFDs or spot contracts and allows for the purchase of exchange-traded securities on both U.S. and international exchanges. However, FinecoBank does not provide copy trading or the ability to buy actual cryptocurrencies or cryptocurrency derivatives. Despite these limitations, FinecoBank still maintains a strong 4.5-star rating for its investment range and holds the 16th spot in ForexBrokers.com's rankings.
| 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 it comes to trading platforms and tools, eToro and FinecoBank offer distinct features catered to different trading needs. eToro stands out by offering a free virtual demo account that allows users to practice simulated trading, a valuable feature for beginners. While both brokers provide their own proprietary platforms, eToro's platform is entirely web-based, offering flexibility and accessibility without requiring a software download. In contrast, FinecoBank offers the option of a Windows-based desktop platform, which may appeal to traders looking for a more traditional setup. Notably, eToro supports copy trading, enabling users to mirror other successful traders' strategies, whereas FinecoBank does not offer this feature.
Both eToro and FinecoBank offer web-based trading platforms but lack support for third-party platforms like MetaTrader 4 and MetaTrader 5. Regarding charting tools, eToro provides an impressive 161 drawing tools for enhanced analysis, compared to just 7 offered by FinecoBank. Despite this, neither broker allows trades to be executed directly from stock charts. For managing investments, eToro features customizable watch lists with six fields. Ranked #8 out of 62 brokers for its tools, eToro receives a higher rating of 4.5 stars compared to FinecoBank’s 4 stars, reflecting its more comprehensive suite of trading tools and features.
| 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.
Both eToro and FinecoBank provide mobile trading apps for iPhone and Android users, offering essential features like stock and forex price alerts. However, eToro stands out with its ability to sync watchlists between the mobile app and a user's online account, a feature FinecoBank lacks. This means updates made on either platform in eToro are reflected across both, adding a layer of convenience for active traders. While eToro offers 104 technical studies for charting in its app, FinecoBank offers just six. Both apps allow users to view stock and forex charts across multiple time frames, but neither allows for drawing trendlines or auto-saving chart annotations.
eToro further enhances the trading experience by allowing users to create watchlists with real-time quotes, a feature FinecoBank does not offer. With these capabilities, eToro earns a high rating of 4.5 stars for its mobile trading app, compared to FinecoBank's 4 stars. Reflecting its features and usability, eToro is ranked #10 out of 62 brokers for mobile trading apps by ForexBrokers.com, while FinecoBank holds the #42 spot. These differences make eToro a more feature-rich choice for those looking for an advanced and synchronized mobile trading experience.
| 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.
eToro and FinecoBank each offer unique features when it comes to market research, making them suitable for different types of traders. eToro excels in providing daily market commentary and a sentiment-based trading tool, which offers insight into the ratio of long or short positions across various instruments. This can be particularly useful for traders who favor understanding market sentiment. Additionally, eToro users benefit from research resources like TipRanks and Trading Central's technical analytics. On the other hand, FinecoBank stands out for delivering forex news from top-tier sources, such as Bloomberg and Reuters, which is essential for traders who prioritize staying updated with the latest market news. Both platforms provide standard offerings such as economic calendars to track global financial events.
When it comes to overall research quality, eToro has a higher rating with 4.5 stars compared to FinecoBank's 4.0 stars. This distinction is further reflected in their rankings, where eToro is positioned at #13 and FinecoBank at #33 in the Research category by ForexBrokers.com, among 62 brokers. This suggests that eToro may be a preferable choice for traders who value comprehensive market analytics and sentiment tools. Meanwhile, FinecoBank is a solid option for those who give priority to authoritative news coverage from renowned financial news outlets.
| 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 comparing the educational resources available for beginners at eToro and FinecoBank, significant differences emerge. eToro stands out by providing a comprehensive array of educational materials, including over 10 pieces focusing specifically on forex or CFDs and offering regular online client webinars. Additionally, eToro archives these webinars, making them easily accessible for future reference. Moreover, eToro caters to both novice and experienced traders with a varied selection of educational videos. To further support learning, eToro provides an investor dictionary that includes definitions of more than 50 investment terms. These resources contribute to its impressive 4.5-star education rating and 5th place ranking out of 62 brokers by ForexBrokers.com.
On the other hand, FinecoBank also offers monthly online educational webinars and provides a decent collection of beginner trading videos and an investor dictionary akin to that of eToro. However, FinecoBank falls short in several areas; it does not meet the threshold for providing educational content specifically focusing on forex or CFDs, and lacks archived webinar access for its clients. Additionally, FinecoBank does not offer advanced trading videos suitable for experienced traders. These limitations are reflected in its slightly lower educational rating of 4.0 stars and its 49th place ranking in the education category among brokers reviewed by ForexBrokers.com.
| 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 62 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 |
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| Trust Score | 93 | 94 |
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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.
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0 of 5| Overall Rating | eToro | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | FinecoBank Review |
| Broker Screenshots | eToro | FinecoBank | |
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| Regulation | eToro | FinecoBank | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 2007 | 1999 | |
| Publicly Traded (Listed) | No | 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 | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | FinecoBank Review |
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