Written by ForexBrokers.com
Is eToro better than Fineco Bank? In our analysis of 23 international regulators across 39 brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. Fineco is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.
| Overall Rating | eToro | Fineco Bank |
|---|---|---|
| Overall Rating | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platform & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 93 | 92 |
| Winner | check_circle | |
| Review | eToro Review | Fineco Bank Review |
| Regulation | eToro | Fineco Bank |
|---|---|---|
| Trust Score | 93 | 92 |
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | |
| Authorised in European Union | Yes | Yes |
| Tier-1 Licenses (High Trust) | eToro | Fineco Bank |
|---|---|---|
| ASIC Authorised (Australia) | Yes | No |
| IIROC Authorised (Canada) | No | No |
| SFC Authorised (Hong Kong) | No | No |
| CBI Authorised (Ireland) | No | No |
| FSA Authorised (Japan) | No | No |
| MAS Authorised (Singapore) | No | No |
| FINMA Authorised (Switzerland) | No | No |
| FCA Authorised (U.K.) | Yes | Yes |
| CFTC Registered (USA) | No | No |
| FMA Authorised (New Zealand) | No | No |
| Tier-2 Licenses (Average Trust) | eToro | Fineco Bank |
|---|---|---|
| CBRC Authorised (China) | No | No |
| CySEC Authorised (Cyprus) | Yes | No |
| NSE Authorised (India) | No | No |
| ISA Authorised (Israel) | No | No |
| CBR Authorised (Russia) | No | No |
| FSCA Authorised (South Africa) | No | No |
| SEC Authorised (Thailand) | No | No |
| DFSA / Central Bank Authorised (UAE) | No | No |
| Tier-3 Licenses (Low Trust) | eToro | Fineco Bank |
|---|---|---|
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| CIMA Authorised (Cayman Islands) | No | No |
| BMA Authorised (Bermuda) | No | No |
| FSC Authorised (British Virgin Islands) | No | No |
| FSC Authorised (Mauritius) | No | No |
| VFSC Authorised (Vanuatu) | No | No |
| Investments | eToro | Fineco Bank |
|---|---|---|
| Forex Trading | Yes | Yes |
| Trading - Forex or CFDs | Yes | Yes |
| Tradeable Symbols (Total) | 3056 | 126 |
| Forex Pairs (Total) | 47 | 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 (CFD) | 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 | Fineco Bank |
|---|---|---|
| Average Spread EUR/USD - Standard | 1 (August 2021) | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| Execution: Agency Broker | Yes | No |
| Execution: Market Maker | Yes | No |
| Funding | eToro | Fineco Bank |
|---|---|---|
| Minimum Initial Deposit | $10-$200 | $0 |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Trading Platforms | eToro | Fineco Bank |
|---|---|---|
| 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 | Fineco Bank |
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Alerts - Basic Fields | Yes | No |
| Watchlists - Total Fields | 6 | |
| Charting - Indicators / Studies (Total) | 66 | 90 |
| Charting - Drawing Tools (Total) | 13 | N/A |
| Charting - Trade From Chart | No | No |
| Charts can be saved | Yes | No |
| Mobile Trading | eToro | Fineco Bank |
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Mobile Watchlist | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 5 | N/A |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Forex Calendar | No | No |
| Research | eToro | Fineco Bank |
|---|---|---|
| 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 |
| Economic Calendar | Yes | No |
| Education | eToro | Fineco Bank |
|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Fineco Bank |
|---|---|---|
| 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 | Fineco Bank Review |
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs Fineco Bank.
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, eToro offers better pricing overall for traders.
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. eToro holds 2 global Tier-1 licenses, while Fineco Bank holds 1. eToro holds 1 global Tier-2 licenses, while Fineco Bank holds 0. In our analysis of 23 international regulators across 50 brokers, eToro earned a higher Trust Score than Fineco Bank.
To compare the trading platforms of both eToro and Fineco Bank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, Fineco Bank offers superior market research. Finally, we found eToro to provide better mobile trading apps.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.
Fineco Bank provides traders 54 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, eToro offers traders access to 3056 CFDs while Fineco Bank has 126 available CFDs, a difference of 2930.
eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).
Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
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.
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.
Overall winner: eToro
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