Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs Fineco, 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 Fineco were established in 1999 and have become reputable names in the online brokerage industry, each with its own strengths. FOREX.com, which is publicly traded but not a bank, stands out with an exceptional Trust Score of 99 from ForexBrokers.com, earning it a place among the most highly trusted brokers. It holds seven Tier-1 licenses and one Tier-2 license, underscoring its commitment to adherence to top regulatory standards.
Fineco, a publicly traded bank, boasts a robust presence in the market with a Trust Score of 94, indicating a high level of trustworthiness. It has two Tier-1 licenses, showcasing significant regulatory approval even if not as extensive as FOREX.com in this regard. Fineco's dual role as a bank adds an additional layer of credibility and financial stability, appealing to a varied clientele looking for a trusted brokerage experience.
| Feature |
FOREX.com
|
Fineco
|
|---|---|---|
| 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 it comes to comparing online brokers, FOREX.com and Fineco present different structures and benefits in terms of commissions and fees. FOREX.com, a top pick for market maker brokers, offers multiple account types with transparent execution statistics. Although slightly costly compared to the industry average, FOREX.com provides competitive spreads outside the US, averaging 0.74 pips for the EUR/USD as of July 2023. The Standard account, available for MetaTrader clients, has higher spreads of 1.4 pips on the EUR/USD in the US. On the other hand, the newly launched RAW Spread account provides commission-based pricing and volume-based rebates, making it an attractive option for active traders. Overall, FOREX.com garners a solid 4.5-star rating for its competitive fee structure, ranking #13 out of 63 brokers evaluated.
Fineco, in contrast, lacks clarity in its spread data, making it challenging to assess true trading costs. It lists a spread of 1 pip for the EUR/USD, which is relatively high compared to other brokers. Additionally, Fineco indicates a spread of 0.8 pips without providing average values or corresponding date ranges, causing uncertainty around its actual trading costs. However, Fineco appears to offer lower spreads on its index CFDs, potentially providing value in that area. Fineco's fees and commissions structure results in a 3.5-star rating, placing it at #51 out of 63 brokers in this category.
In summary, while FOREX.com enjoys a higher rating and ranking thanks to its competitive pricing for active traders and transparent fee structure, Fineco faces challenges due to its less clear costs and higher spreads. FOREX.com, with its multiple account offerings and volume-based rebates, creates a more accommodating environment for traders looking for cost-effective options, whereas Fineco's less transparent pricing might be less appealing for those prioritizing clear and average cost metrics.
| Feature |
FOREX.com
|
Fineco
|
|---|---|---|
| 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 Fineco in terms of their investment offerings, both platforms stand out for different reasons. FOREX.com provides access to a wide array of 5,500 tradeable symbols, offering an impressive selection of 80 forex pairs. However, it does not support the trading of actual securities on U.S. or international exchanges, nor does it offer copy trading or the ability to buy actual cryptocurrencies. Nevertheless, FOREX.com allows users to trade cryptocurrency derivatives. With a strong rating of five stars for its range of investments, FOREX.com ranks 7th out of 63 brokers, highlighting its robust offerings, particularly in forex and derivatives markets.
On the other hand, Fineco offers an extensive selection of 9,770 tradeable symbols, though with a slightly smaller range of 54 forex pairs compared to FOREX.com. Fineco stands out by allowing users to purchase exchange-traded securities from both U.S. and international exchanges, a feature not available with FOREX.com. Despite not supporting copy trading or cryptocurrency derivatives, Fineco provides significant breadth in traditional securities, earning a rating of 4.5 stars and ranking 16th out of 63 brokers. This wide range of investment options makes Fineco appealing for those looking to trade stocks alongside forex.
| Feature |
FOREX.com
|
Fineco
|
|---|---|---|
| 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 the trading platforms and tools of FOREX.com and Fineco, several clear differences emerge. FOREX.com not only provides a proprietary platform but also supports the widely used MetaTrader 4 and 5, offering traders more choices. Moreover, FOREX.com includes the option of a free virtual demo account, making it a solid choice for those wanting to practice before delving into the trading world. In contrast, Fineco also offers a proprietary platform but lacks support for MT4 and MT5 and does not provide a simulated trading environment.
Both brokers offer convenient Windows-based desktop and web-based platforms, allowing traders flexibility in choosing how they access the markets. However, for traders who rely heavily on charting tools, FOREX.com stands out with an impressive array of 239 drawing tools compared to Fineco's 7. Additionally, FOREX.com provides the ability to trade directly from stock charts, a feature not available with Fineco. Despite receiving high praise for its platform by being ranked 7th out of 63 brokers by ForexBrokers.com, FOREX.com does not support copy trading, DupliTrade, or ZuluTrade, which Fineco also lacks. Overall, FOREX.com is rated at 5 stars for its trading platforms and tools, while Fineco earns 4 stars and ranks 18th in this category.
| Feature |
FOREX.com
|
Fineco
|
|---|---|---|
| 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 comparing the mobile trading apps of FOREX.com and Fineco, both platforms offer apps for iPhone and Android users, providing an accessible trading experience on the go. They each support stock and forex price alerts, allowing traders to stay updated on market movements. However, FOREX.com stands out with its seamless watchlist symbol syncing feature, meaning changes made on the mobile app instantly reflect on the online account. In contrast, Fineco lacks this synchronization. FOREX.com also excels in charting features, offering 88 technical studies, compared to Fineco's 6. Additionally, traders using FOREX.com can draw trendlines and view multiple different timeframes, with their drawings automatically saved, further enhancing the app's functionality. Fineco, however, does not support drawing trendlines or auto-saving chart annotations.
For those seeking to create real-time watchlists, FOREX.com offers this capability, unlike Fineco. These advantages contribute to FOREX.com's high user rating of 5 stars for mobile trading apps, ranking third out of 63 brokers based on ForexBrokers.com's assessment. Fineco, while still a solid option with a 4-star rating, ranks at 42, indicating room for improvement. Overall, for traders looking for a feature-rich mobile platform with advanced charting and seamless syncing, FOREX.com appears to be the stronger choice between the two.
| Feature |
FOREX.com
|
Fineco
|
|---|---|---|
| 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 the market research offerings of FOREX.com and Fineco, several key differences become apparent. FOREX.com stands out by providing daily market commentary and forex news from esteemed sources like Bloomberg and Reuters, giving traders timely insights into global financial trends. While both brokers grant access to crucial forex news, Fineco misses out on daily market commentary. FOREX.com also excels with its inclusion of Trading Central's technical analysis tools, offering users valuable analytics, while Fineco does not provide this feature. Another advantage found with FOREX.com is its sentiment-based trading tool that shows the ratio of long to short positions across currency pairs, enhancing traders' ability to gauge market sentiment—a feature absent in Fineco's offerings.
Both brokers offer economic calendars to help users track global financial events, but when it comes to overall research rating, FOREX.com garners a higher rating of 4.5 out of 5 stars, compared to Fineco's 4.0 stars. This higher rating aligns with FOREX.com’s superior rank of 9th in the research category by ForexBrokers.com, a significant leap from Fineco’s position at 33rd. These distinctions position FOREX.com as a more comprehensive choice for those who highly value advanced market research tools and a steady stream of insightful financial content.
| Feature |
FOREX.com
|
Fineco
|
|---|---|---|
| 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 exploring educational resources for beginners, FOREX.com stands out with a comprehensive array of materials designed to facilitate learning. It offers an extensive library of over ten educational pieces focusing on forex and CFDs, including articles, videos, and webinars. Beginners can benefit from frequent client webinars, delivered monthly, with the added advantage of access to a searchable archive of previous sessions. This broker also excels in providing a mix of beginner and advanced video content, ensuring that both new and seasoned traders have the resources they need to succeed. Additionally, FOREX.com includes a detailed investor dictionary featuring definitions for over 50 investing terms, further supporting traders in their educational journey.
Fineco, on the other hand, provides a more limited selection of educational resources. While it does offer monthly educational webinars and has a series of beginner-focused videos available, it lacks in several areas compared to FOREX.com. Notably, Fineco does not provide a minimum of ten forex or CFD educational materials and lacks a comprehensive archive for recorded webinars. Its offering of advanced educational videos is below par, which may leave experienced traders looking for more in-depth content elsewhere. Fineco shares the same investor dictionary advantage as FOREX.com, but overall, it garners a slightly lower educational rating and ranking. Rated 4.0 out of 5 stars and ranked 49th out of 63 brokers by ForexBrokers.com, Fineco falls short of the resources and ratings that make FOREX.com a more rounded choice for educational materials.
| Feature |
FOREX.com
|
Fineco
|
|---|---|---|
| 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 Fineco. FOREX.com finished with an overall rank of #5, while Fineco 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
|
Fineco
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 94 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
FOREX.com allows trading of cryptocurrency derivatives but not actual cryptocurrency, whereas Fineco does not offer trading in cryptocurrency derivatives or actual cryptocurrency.
When comparing online brokers FOREX.com and Fineco, both platforms support ACH or SEPA transfers and bank wires for depositing or withdrawing funds; however, FOREX.com uniquely offers the convenience of PayPal and accepts Visa or Mastercard transactions, while Fineco does not provide these 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FOREX.com | Fineco | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Fineco Review |
| Broker Screenshots | FOREX.com | Fineco | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | FOREX.com | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco Review |
| Overall | FOREX.com | Fineco | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Fineco Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill