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 |
FinecoBank's commission and fees structure can be challenging to decipher, as they do not provide average spread data for forex and CFD trading. The broker lists a spread of 1 pip for the EUR/USD and another at 0.8 pips, but neither are defined as average values nor are they tied to a specific date range. These spreads are higher than those typically offered by forex brokers. However, FinecoBank may present more competitive options for spread on index CFDs. Rated at 3.5 stars for commissions and fees, FinecoBank ranks 51st out of 63 brokers according to ForexBrokers.com.
In contrast, Exness offers a variety of account types, each with distinct fee structures. Their two standard accounts and three professional accounts offer flexibility with trading conditions. The trading costs with Exness vary based on the account selected. Commission-based accounts generally provide lower spreads, while commission-free accounts tend to have higher spreads. Notably, the Zero Spread and Raw accounts include per-trade commissions but offer lower spreads and more lenient trading conditions. Earning 4 stars for commissions and fees, Exness is ranked 35th out of 63 brokers.
| 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.
When comparing the range of investments available at FinecoBank and Exness, there are noticeable differences that potential investors should consider. FinecoBank provides a vast selection of 9,770 tradeable symbols, offering a more diverse portfolio compared to Exness, which offers 227 symbols. While both brokers facilitate forex trading as either a CFD or spot contract, FinecoBank excels in providing access to exchange traded securities on U.S. and international exchanges, allowing clients to invest in companies like Apple and Vodafone directly. In contrast, Exness does not offer this option. However, Exness makes up for this by offering copy trading, a feature not available at FinecoBank, and also provides the ability to trade cryptocurrency derivatives, while FinecoBank does not. Despite this, neither broker allows the purchase of actual cryptocurrencies.
For forex pairs, Exness has the edge with 96 available pairs compared to FinecoBank's 54. This diversity in forex options could be a decisive factor for forex traders. FinecoBank is rated higher for its range of investments, receiving 4.5 stars compared to Exness's 3.5 stars, and holds the 16th position out of 63 brokers ranked by ForexBrokers.com. Exness, on the other hand, is ranked 55th. Overall, FinecoBank's extensive array of tradeable assets and access to direct market investing make it a strong contender for those seeking broad investment opportunities, whereas Exness may appeal more to traders focused on forex and interested in leverage through cryptocurrency derivatives.
| 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 proprietary trading platforms, which are developed internally and tailored to meet the needs of their users. Traders looking for a Windows-based desktop experience will find that both brokers provide this option, alongside web-based platforms for those who prefer a browser interface. However, the availability of extra features like copy trading and the MetaTrader suite (MT4 and MT5) distinguishes Exness as more versatile in its offerings compared to FinecoBank. Additionally, Exness supports simulated trading with a free demo account, a feature that is absent from FinecoBank.
Charting capabilities also reveal differences, with Exness offering an impressive array of 87 drawing tools, compared to just 7 available on FinecoBank. While Exness allows trades directly from stock charts, FinecoBank lacks this functionality. For those keen on having a comprehensive watch list, Exness presents seven customization columns, adding depth to user strategies. Despite these differences, both brokers are rated 4 out of 5 stars for their trading platforms and tools, with FinecoBank ranked higher at 18th position compared to Exness at 26th by ForexBrokers.com. This ranking reflects a close matchup despite their distinctive 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.
When comparing the mobile trading apps of FinecoBank and Exness, both platforms offer iPhone and Android apps, catering to a wide range of users. Additionally, both brokers provide stock or forex price alerts, giving traders timely updates on the market. However, neither platform supports syncing watchlist symbols with a client's online account, which might be a drawback for those who frequently switch between devices. While FinecoBank provides 6 technical studies for charting, Exness excels with 35 studies, offering a more detailed technical analysis for its users. Also, Exness stands out by allowing traders to draw trendlines on charts, a feature unavailable on FinecoBank's app. Both apps enable viewing multiple time frames on charts, but neither saves chart drawings automatically.
In terms of creating watchlists with real-time quotes, Exness offers this feature, enhancing the trading experience, whereas FinecoBank does not. Despite these differences, both apps have secured a solid 4-star rating for their mobile trading services. However, in the ForexBrokers.com rankings among 63 brokers, Exness excels with a placement of 26, compared to FinecoBank's position at 42. These factors make Exness a potentially better choice for traders seeking more advanced charting tools and real-time data through their mobile app.
| 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 the market research offerings of FinecoBank and Exness, both brokers provide some quality features, but they do differ significantly. FinecoBank shines with its provision of forex news from reputable sources like Bloomberg and Reuters, ensuring traders stay updated with key financial updates. Additionally, it offers an economic calendar that highlights current and future global news events, making it a valuable tool for traders looking to plan their strategies around significant economic happenings. However, FinecoBank does not provide daily market commentary, nor does it offer technical analysis tools from Autochartist or Trading Central, which could have enhanced its research portfolio.
On the other hand, Exness offers daily market commentary, keeping traders engaged with ongoing market updates. It also stands out by providing technical analysis tools from Trading Central and a sentiment-based trading tool, which enables users to understand market trends through the ratio of long or short positions across various instruments. Similar to FinecoBank, Exness provides forex news from top-tier sources and an economic calendar, but lacks research tools from Autochartist or Acuity Trading. With a research rating of 3.5 stars compared to FinecoBank's 4.0 stars and a ForexBrokers.com ranking of 41st against FinecoBank's 33rd, Exness might be more appealing to traders who prioritize daily insights and technical analysis capabilities.
| 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 comparing FinecoBank and Exness in terms of educational resources for beginners, each platform offers a unique set of features. FinecoBank excels in providing monthly live webinars for its clients, offering at least one educational session per month. However, they lack an archive of recorded webinars, which can hinder the ability to revisit past sessions. On the other hand, Exness does not hold live monthly webinars, but it compensates with a searchable archive of previously recorded webinars, allowing easy access to past educational content.
Both FinecoBank and Exness cater well to beginners by providing at least ten educational videos specifically designed to introduce newcomers to trading concepts. Furthermore, each broker offers a comprehensive investor dictionary with definitions for over 50 investing terms, a valuable resource for building foundational knowledge. While FinecoBank is rated slightly higher with 4.0 stars in education, Exness follows closely with a 3.5-star rating. Despite these ratings, Exness ranks slightly higher at #47 compared to FinecoBank's #49 in the education category among 63 brokers evaluated by ForexBrokers.com.
| 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 63 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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