Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
Both FOREX.com and FinecoBank were established in 1999 and are publicly traded entities. While FOREX.com operates exclusively as an online broker, FinecoBank also functions as a full-fledged bank. In terms of regulatory strength, FOREX.com excels with an impressive seven Tier-1 licenses, which indicates a high level of trust according to ForexBrokers.com. FinecoBank, on the other hand, holds two Tier-1 licenses. Additionally, FOREX.com has one Tier-2 license, whereas FinecoBank does not hold any.
When evaluating overall trustworthiness, FOREX.com receives a top Trust Score of 99 from ForexBrokers.com, placing it in the highest echelon of reliability. FinecoBank follows closely with a score of 94, also signifying a very trusted status. These scores reflect the brokers' commitment to maintaining high regulatory standards and offering secure trading environments for their clients.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of FOREX.com and FinecoBank, traders see a clear contrast. FOREX.com offers a variety of account options, catering to different styles and preferences, but comes with somewhat higher costs compared to the industry average, especially for U.S. traders. While their Standard account has average spreads of 1.4 pips for EUR/USD, the RAW account presents lower spreads of 0.13 pips, with added commissions suitable for high-volume traders. On the other hand, FinecoBank doesn't disclose detailed average spread data, complicating cost evaluations. With quoted spreads on EUR/USD at 1 pip and 0.8 pips without confirming averages, traders might find them relatively higher than other brokers.
FOREX.com stands out with its RAW account, offering volume-based rebates and pricing that benefits active traders. This account type is designed for clients trading in Canada, the U.S., and the EU, improving the cost effectiveness as trading volume increases. In contrast, FinecoBank's listed spreads seem less transparent, potentially posing a challenge for traders seeking clarity on trading costs. Although they appear somewhat competitive with specific index CFDs, the overall cost structure remains less clear.
In terms of ratings, FOREX.com is highly regarded with a 4.5-star rating for commissions and fees, ranking #13 out of 63 brokers on ForexBrokers.com. FinecoBank, on the other hand, holds a 3.5-star rating and ranks #51 in the same category. This disparity highlights FOREX.com's more transparent and structured approach to commissions and fees, providing a better trading environment for those particularly focused on cost efficiency and clarity.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FOREX.com and FinecoBank in terms of their range of investments, both platforms offer unique advantages to traders. FOREX.com stands out with an impressive selection of over 5,500 tradeable symbols and 80 forex pairs, providing a broad range of options for forex traders. However, FinecoBank surpasses FOREX.com with 9,770 tradeable symbols, albeit only 54 forex pairs. For clients interested in forex trading, both platforms offer services as CFDs or spot contracts. While FOREX.com provides options to trade cryptocurrency derivatives, FinecoBank does not, which may impact traders looking to diversify within cryptocurrency markets. Importantly, neither platform supports copy trading.
FinecoBank shines in the area of exchange traded securities, offering access to U.S. and international exchanges, allowing investors to purchase shares like Apple and Vodafone directly. FOREX.com, in contrast, does not provide access to exchange traded securities. Despite this, FOREX.com enjoys a higher rating for Range of Investments, securing 5 stars and the 7th rank among 63 brokers, compared to FinecoBank's 4.5 stars and 16th rank. This distinction reflects FOREX.com's strong offerings across multiple asset types, appealing to a wide range of investors seeking diverse investment opportunities.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 9770 |
| Forex Pairs (Total) | 80 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | 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 trading platforms and tools between FOREX.com and FinecoBank, distinct differences emerge. FOREX.com excels with its array of advanced features, including a free virtual demo account, enabling traders to gain practical experience without financial risk. Both platforms provide proprietary systems, ensuring a tailored trading experience. Both brokers offer a Windows-based desktop download and a web-based trading platform, meeting diverse trader preferences. However, FOREX.com distinguishes itself by supporting MetaTrader 4 (MT4) and MetaTrader 5 (MT5), expanding its options for technical traders. Despite neither platform offering copy trading services like DupliTrade or ZuluTrade, FOREX.com's wider range of features contributes to its higher rating of five stars for trading platforms and tools, compared to FinecoBank's four-star standing.
Charting capabilities and ease of use further differentiate these brokers. FOREX.com leads with 239 drawing tools, allowing for more detailed technical analysis, compared to FinecoBank's limited seven tools. Additionally, FOREX.com facilitates direct trading from stock charts, streamlining the trading process. The watch list functionality also favors FOREX.com, providing 20 custom fields to track market trends effectively. ForexBrokers.com ranks FOREX.com as the 7th best out of 63 brokers for trading platforms and tools, emphasizing its superior offering. In contrast, FinecoBank holds the 18th position, highlighting areas for enhancement in their service. Overall, FOREX.com presents a more comprehensive and adaptable trading platform, catering to varying levels of trader expertise.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 37 |
| Charting - Drawing Tools (Total) | 239 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 20 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing a mobile trading app, both FOREX.com and FinecoBank offer apps available for iPhone and Android, catering to traders on the go. However, when it comes to features, there are some notable differences. FOREX.com impressively supports 88 technical studies and allows users to draw trendlines on charts, which are useful tools for detailed analysis. In contrast, FinecoBank provides just six technical studies and lacks the trendline drawing feature, which might limit your chart analysis experience. Both apps offer stock and forex price alerts, ensuring you're updated on market movements, but only FOREX.com lets you sync watchlists between the mobile app and an online account, keeping your trading data consistent across platforms.
The ability to view charts in multiple timeframes is available on both platforms, but FOREX.com takes it a step further by auto-saving your chart drawings, a feature not present in FinecoBank's app. Creating a watchlist with real-time quotes is another area where FOREX.com excels, while this functionality is absent with FinecoBank. With these features in mind, it's no surprise that FOREX.com receives a five-star rating for its mobile trading app, ranking 3rd out of 63 brokers. FinecoBank trails behind with a four-star rating, ranked 42nd. This comprehensive set of features and high ranking make FOREX.com a compelling choice for those seeking a top-notch mobile trading experience.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing FOREX.com and FinecoBank for market research offerings, several distinctions emerge. FOREX.com stands out by providing daily market commentary and access to technical analysis tools from Trading Central, alongside a sentiment-based trading tool that helps traders understand market positions across currency pairs. Additionally, both brokers offer economic calendars and forex news from notable sources like Bloomberg and Reuters, ensuring traders have timely market updates. However, FinecoBank lacks the daily commentary and advanced analysis tools offered by FOREX.com, which can be a notable gap for traders looking for comprehensive research insights.
Analyzing broker rankings and ratings further emphasizes these differences. FOREX.com earns a 4.5-star rating for research and ranks ninth out of 63 brokers on ForexBrokers.com, showcasing its strong position in delivering valuable market analysis. On the other hand, FinecoBank, with a 4.0-star rating and ranking of 33rd, provides reliable news coverage but falls short in offering the depth of tools and insights available through FOREX.com. For traders prioritizing in-depth market research, these factors may make FOREX.com the preferred choice.
| Feature |
FOREX.com
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | 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 FOREX.com and FinecoBank, FOREX.com stands out. FOREX.com offers a rich selection of educational materials that include over 10 articles, videos, and archived webinars focusing on forex and CFDs. They also provide a comprehensive lineup of beginner educational videos. FinecoBank, on the other hand, does not offer a similar breadth of materials in these categories. Both platforms do host online educational webinars monthly, but FOREX.com takes it a step further by hosting a searchable archive of past webinars. This makes it easier for beginners to access and learn at their own pace.
Both FOREX.com and FinecoBank provide beginner-friendly educational videos, but when it comes to content for advanced traders, FOREX.com offers a broader range. FOREX.com also provides an extensive investor dictionary, as does FinecoBank. Despite both offering solid foundational educational tools, FOREX.com outshines FinecoBank with a higher rating of 4.5 stars compared to 4.0 stars, and is ranked #4, significantly ahead of FinecoBank's position at #49 by ForexBrokers.com. For beginners eager to expand their knowledge in forex trading, FOREX.com offers more diverse and accessible educational offerings.
| Feature |
FOREX.com
|
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 FOREX.com is better than FinecoBank. FOREX.com finished with an overall rank of #5, while FinecoBank finished with an overall rank of #25.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
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FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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While neither FOREX.com nor FinecoBank offers the ability to purchase actual (delivered) cryptocurrency, FOREX.com does provide the option to trade cryptocurrency derivatives, unlike FinecoBank, which does not offer derivatives or actual cryptocurrency trading.
When comparing online brokers FOREX.com and FinecoBank, both offer ACH or SEPA transfers and bank wires for depositing or withdrawing funds, while FOREX.com additionally supports Visa/Mastercard and PayPal transactions unlike FinecoBank, which does not offer PayPal or card payment options.
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 | FOREX.com | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FinecoBank Review |
| Broker Screenshots | FOREX.com | FinecoBank | |
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| Regulation | FOREX.com | FinecoBank | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 9770 | |
| Forex Pairs (Total) | 80 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | 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 | FOREX.com | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | FOREX.com | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FOREX.com | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 20 | N/A | |
| Charting - Indicators / Studies (Total) | 88 | 37 | |
| Charting - Drawing Tools (Total) | 239 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review | FinecoBank Review |
| Overall | FOREX.com | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FinecoBank Review |
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