Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Exness, 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.
FinecoBank and Exness are prominent names in the online brokerage space, each offering distinct advantages for traders. FinecoBank, established in 1999, is a publicly traded bank renowned for its stability and trustworthiness, underscored by a high ForexBrokers.com Trust Score of 94 out of 99. It holds two Tier-1 licenses, reflecting high regulatory confidence. On the other hand, Exness, founded in 2008, is not publicly traded and operates solely as a brokerage. It maintains a solid Trust Score of 81, supported by its two Tier-1 licenses and three Tier-2 licenses, showcasing a comprehensive regulatory framework.
While both brokers demonstrate a strong regulatory standing, their business structures and backgrounds differ significantly. FinecoBank's status as a publicly listed bank conveys greater transparency and trust, appealing to those seeking a secure and established trading platform. Exness, though not a bank or listed on a stock exchange, still offers extensive regulatory coverage, making it a reliable choice for traders who prioritize diverse licensing and a slightly higher risk appetite. These factors collectively influence potential clients in selecting the broker that best aligns with their trading preferences and risk tolerance.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Year Founded | 1999 | 2008 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing FinecoBank to Exness in terms of commissions and fees, there are noticeable differences in transparency and cost structure. FinecoBank provides limited information regarding its average spreads for forex and CFD trading, which makes it challenging to accurately gauge its trading costs. The broker lists a spread of 1 pip for EUR/USD, which is higher than what most forex brokers typically offer, and another spread of 0.8 pips, neither of which come with detailed context or averages. Nonetheless, FinecoBank reportedly offers more competitive spreads on its index CFDs. For its commissions and fees, FinecoBank has earned a rating of 3.5 stars, placing it at #50 out of 62 brokers in the category according to ForexBrokers.com.
Exness, on the other hand, provides a wider array of account types with different pricing models to suit various trading needs. The broker offers two standard accounts and three professional accounts, each varying in terms of spreads and execution methods. The Standard Cent and Standard accounts carry higher spreads overall, while Pro, Zero Spread, and Raw accounts offer lower spreads with some featuring per-trade commissions. For example, the Zero Spread account charges a commission of $0.05 per trade, while the Raw account has commissions up to $7 per round turn lot. The flexibility and clarity in account offerings have enabled Exness to secure a 4-star rating and a #35 ranking out of 62 brokers in the commissions and fees category according to ForexBrokers.com.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and Exness both offer forex trading, allowing you to trade currencies as contracts for difference (CFDs) or spot contracts. FinecoBank stands out in its variety, providing traders access to an impressive 9,770 tradeable symbols, including 54 forex pairs. In contrast, Exness offers 227 tradeable symbols, yet excels with 96 forex pairs. Additionally, FinecoBank allows clients to buy exchange-traded securities on both U.S. and international exchanges. This means you can directly purchase shares in companies like Apple and Vodafone. Conversely, Exness does not offer the option to buy exchange-traded securities but does cater to those interested in cryptocurrency derivatives.
For those interested in copy trading, Exness presents an advantage with its dedicated feature, which FinecoBank does not offer. However, it's worth noting that neither broker allows the purchase of actual or delivered cryptocurrencies. According to ForexBrokers.com, FinecoBank is highly rated for its range of investments, earning 4.5 stars and ranking 16th out of 62 brokers, whereas Exness scores a bit lower with 3.5 stars and is positioned at 55th. This breadth and depth of investment options make FinecoBank a strong competitor in the arena of investment variety.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 227 |
| Forex Pairs (Total) | 54 | 96 |
| 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.
FinecoBank and Exness both offer competitive trading platforms, designed with user-friendly layouts to cater to various trader needs. FinecoBank stands out with its proprietary in-house platform, available as a Windows-based desktop download as well as a web-based version. However, FinecoBank does not provide some of the popular trading features like MetaTrader 4 or 5 and lacks the provision for simulated trading with a demo account. It also does not support copy trading or chart trading features, although it does offer seven drawing tools for charting purposes.
On the other hand, Exness provides a rich array of features, including their proprietary platform, which is also available for Windows download and online via browsers. Exness supports MetaTrader 4 and 5, offering traders advanced tools and customization options. It excels in providing simulated trading through a free virtual demo account and supports copy trading. Moreover, Exness offers 87 drawing tools for charting and allows direct trading from stock charts, although it doesn't include third-party integrations like ZuluTrade or DupliTrade. With these features, both brokers share a four-star rating for their trading platforms and tools, despite their differences in specific offerings.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 107 |
| Charting - Drawing Tools (Total) | 7 | 87 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and Exness both offer mobile trading apps for iPhone and Android users, allowing traders to stay connected on the go. Both apps provide stock or forex price alerts, supporting timely decision-making. However, neither platform syncs watchlists between the mobile app and online account, a feature some may find limiting. When it comes to technical studies for charting, FinecoBank offers six options, while Exness provides a more extensive toolkit with 35 studies. Unlike FinecoBank, Exness also allows users to draw trendlines, adding versatility for technical analysis. Both apps do let traders switch between various time frames, such as daily, weekly, or intraday charts. However, neither app auto-saves chart annotations.
For those interested in creating watchlists with real-time quotes, Exness has the advantage over FinecoBank, which lacks this feature. Ratings reveal that both apps perform well, each receiving four out of five stars for mobile trading, indicating a satisfactory user experience overall. Regarding rankings, Exness holds the 26th position among 62 brokers according to ForexBrokers.com, while FinecoBank sits at the 42nd spot, suggesting that more users might prefer Exness for mobile trading. Ultimately, the choice between FinecoBank and Exness may hinge on individual needs for technical tools and real-time features.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 35 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank and Exness for market research offerings, each has distinct features tailored to different needs. Exness stands out by providing daily market commentaries and a sentiment-based trading tool that displays the ratio of long or short positions across currency pairs. Furthermore, Exness utilizes tools from Trading Central, providing users with a comprehensive suite of technical analytics. FinecoBank, however, does not offer daily commentaries, sentiment tools, or Trading Central's technology, instead focusing on delivering forex news from well-regarded sources such as Bloomberg and Reuters. Both brokers offer an economic calendar to help traders keep track of global financial events.
When it comes to ratings, FinecoBank edges out Exness with a 4.0-star rating compared to Exness's 3.5 stars for research quality, according to ForexBrokers.com. In the broader ranking of 62 brokers, FinecoBank is placed at 33rd, while Exness sits at 41st. This suggests that while Exness offers some unique research tools, FinecoBank has a slight advantage in overall research ratings, potentially appealing more to those who prioritize trusted news sources and economic calendaring over technical tools.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| 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 it comes to educational resources for beginners, FinecoBank and Exness each offer unique advantages. FinecoBank excels by providing regular online educational webinars every month, which can be a great way for beginners to stay updated and engage with experts. These live sessions, however, are not archived, so you can't revisit them later. On the other hand, Exness does not hold monthly webinars, but it compensates by maintaining a searchable archive of previously recorded sessions, allowing beginners to learn at their own pace.
Both FinecoBank and Exness offer over ten beginner-friendly educational videos, making them suitable platforms for those just starting in the trading world. Additionally, they each provide a comprehensive investor dictionary with definitions for over fifty investing terms, helping newcomers understand important concepts. However, neither FinecoBank nor Exness offers a significant library of advanced trading videos. Despite FinecoBank being rated slightly higher with 4.0 stars versus Exness’s 3.5 stars for education, Exness is ranked a bit higher by ForexBrokers.com, coming in at #47 compared to FinecoBank's #49. This suggests that both brokers offer valuable resources, but they cater to beginners in slightly different ways.
| Feature |
FinecoBank
|
Exness
|
|---|---|---|
| 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 62 of the best forex brokers, our research and account testing finds that FinecoBank is better than Exness. FinecoBank finished with an overall rank of #25, while Exness finished with an overall rank of #43.
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 |
FinecoBank
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Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 81 |
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While FinecoBank does not provide an option to purchase actual cryptocurrencies or their derivatives, Exness offers the ability to trade cryptocurrency derivatives but not the actual cryptocurrencies themselves.
Comparing online brokers FinecoBank and Exness, FinecoBank supports ACH or SEPA transfers and bank wires for depositing or withdrawing funds, while Exness offers bank wires, Skrill, and Visa or Mastercard, without ACH, SEPA, or PayPal options from either broker.
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 | FinecoBank | Exness | |
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| Trust Score | 94 | 81 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Exness Review |
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| Regulation | FinecoBank | Exness | |
|---|---|---|---|
| Trust Score | 94 | 81 | |
| Year Founded | 1999 | 2008 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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) | FinecoBank | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | FinecoBank | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 227 | |
| Forex Pairs (Total) | 54 | 96 | |
| 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 | FinecoBank | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | FinecoBank | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | FinecoBank | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 107 | |
| Charting - Drawing Tools (Total) | 7 | 87 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Exness | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 35 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Exness | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Exness | |
|---|---|---|---|
| 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 | FinecoBank | Exness | |
|---|---|---|---|
| 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 | FinecoBank Review | Exness Review |
| Overall | FinecoBank | Exness | |
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| Trust Score | 94 | 81 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Exness Review |
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