Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and Fineco offer distinct characteristics and strengths in the world of online trading. Founded in 2005, FP Markets is not publicly traded and does not operate as a bank, but it maintains a strong regulatory foundation with two Tier-1 licenses and one Tier-2 license. According to ForexBrokers.com, FP Markets has a Trust Score of 89, indicating a high level of trust. On the other hand, Fineco, established in 1999, is both a bank and a publicly traded entity. It holds two Tier-1 licenses and enjoys a higher Trust Score of 94, showcasing its position as a highly trusted brokerage.
When comparing these two brokers, Fineco stands out for its banking status and slightly higher trust rating, reflecting its reputation in the market. FP Markets, while not a bank or publicly traded, remains a trusted choice supported by its regulatory compliance. Ultimately, traders might consider FP Markets for its solid trust score and regulatory credentials, while Fineco offers the additional reassurance of being a bank with proven trustworthiness. Both brokers cater to different investor needs, depending on what features and assurances are more significant to each individual.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Year Founded | 2005 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Comparing commissions and fees, FP Markets stands out for forex and CFDs while Fineco looks less transparent on pricing. FP Markets earns 5 stars and ranks #6 out of 63 brokers for Commissions and Fees (Best in Class 2024). Fineco earns 3.5 stars and ranks #52 out of 63. In short: FP Markets is designed for cost-conscious traders who want tight spreads and clear ECN pricing, whereas Fineco’s forex costs are harder to gauge and appear higher based on its published figures.
With FP Markets, the Raw ECN account averages 0.1 pips on EUR/USD (about 0.8 pips all-in after commission), with a $6 per round-turn standard lot commission on MetaTrader or cTrader. The Standard account is spread-only and averages 1.1 pips on EUR/USD. For share CFDs, the Iress ViewPoint suite offers Direct Market Access with full depth-of-book and three tiers: Standard (AUD 1,000 min), Platinum (AUD 25,000), and Premier (AUD 50,000). Platform/data fees are waived if you qualify for Premier or generate at least AUD 150 in monthly commissions. There’s also Iress Investor with no monthly fees, but it lacks streaming quotes by default and has simpler charting.
Fineco does not publish average spread data for forex and CFDs, making true costs difficult to compare. It lists EUR/USD at 1 pip (and sometimes 0.8 pips), but without average values or timeframes; that level is typically higher than many leading forex brokers. Fineco may offer relatively lower pricing on index CFDs, but for forex traders seeking clear, low all-in costs, FP Markets generally looks more cost-effective based on the available data.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets vs Fineco: both let you trade forex as CFDs or spot. FP Markets lists about 10,000 tradeable symbols and 71 forex pairs, edging out Fineco’s 9,770 symbols and 54 pairs. For crypto exposure, FP Markets offers cryptocurrency CFDs, while neither broker lets you buy actual coins. Both earn 4.5/5 stars for Range of Investments.
Access to stocks is where they differ most. Fineco lets you buy exchange‑traded shares on both U.S. and international markets (for example, Apple on NASDAQ and Vodafone in London), while FP Markets does not offer exchange‑traded securities and focuses on CFDs instead. FP Markets also supports copy trading, whereas Fineco does not. In ForexBrokers.com’s rankings, Fineco places slightly higher at #17 versus FP Markets at #19 out of 63 brokers.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 9770 |
| Forex Pairs (Total) | 71 | 54 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing FP Markets vs Fineco for trading platforms and tools: FP Markets offers a free demo (paper trading) account, while Fineco does not. Both brokers provide proprietary platforms and support trading on Windows desktop and via a web browser. FP Markets adds MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus copy trading and the ability to place orders directly from charts—features Fineco does not offer.
Both FP Markets and Fineco earn 4 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings out of 63 brokers, FP Markets is #23 and Fineco is #18. Choose FP Markets if you want MT4/MT5, a free demo, copy trading, and chart trading. Choose Fineco if you prefer its in-house platform and are comfortable without a demo account or MetaTrader support.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Trade From Chart | Yes | No |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Fineco both offer mobile trading apps for iPhone and Android, and each supports price alerts. However, neither app syncs watchlists with your online account. For charting, FP Markets uses the MetaTrader mobile app, which includes the platform’s default set of technical indicators, plus tools to draw trendlines, with drawings auto-saved. Fineco lists six technical studies in its app, does not support drawing trendlines, and does not auto-save chart annotations.
Both apps are rated 4 out of 5 stars for Mobile Trading Apps. That said, out of 63 brokers reviewed by ForexBrokers.com, FP Markets ranks #18 in this category, while Fineco ranks #43. If you want more drawing tools and saved chart work on mobile, FP Markets has the edge; if you just need core features like iPhone/Android access and price alerts, Fineco covers the basics.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing market research, FP Markets offers more built-in tools than Fineco. FP Markets provides daily market commentary, top-tier forex news (e.g., Bloomberg/Reuters/Dow Jones), Autochartist and Trading Central analytics, plus a sentiment tool that shows the ratio of long vs. short positions. Fineco also streams top-tier news and includes an economic calendar, but it lacks Autochartist, Trading Central, and a sentiment tool, and does not publish daily commentary. FP Markets does not include TipRanks or Acuity Trading; Fineco’s access to those providers isn’t specified.
Both brokers earn 4 stars for research, but FP Markets ranks higher (#25 of 63) than Fineco (#34 of 63) with ForexBrokers.com. If you want trade ideas, technical screeners, and sentiment insight alongside news and a calendar, FP Markets is the more feature-rich choice. For basic news coverage and an economic calendar, either FP Markets or Fineco will do the job.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and Fineco both cater well to beginners who want clear trading education. Each broker runs client webinars at least once a month and offers 10-plus beginner-focused videos that explain core topics in forex and CFDs, so you can learn the basics step by step and get your questions answered live.
Where they differ is in depth for later stages: FP Markets also provides at least 10 advanced videos for when you’re ready to move beyond the basics, while Fineco does not. Both earn 4 out of 5 stars for education, but FP Markets places higher in ForexBrokers.com’s Education ranking (#23 of 63) compared to Fineco (#49 of 63). If you want a beginner-friendly start with room to grow into advanced material, FP Markets has the edge; if you mainly need webinars and beginner videos, both are solid choices.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Fineco. FP Markets finished with an overall rank of #19, while Fineco finished with an overall rank of #25.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Fineco
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|---|---|---|
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| Trust Score | 89 | 94 |
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Comparing online brokers FP Markets and Fineco: neither offers actual (delivered) cryptocurrency, but FP Markets supports cryptocurrency CFD trading while Fineco does not.
Comparing deposit and withdrawal methods for online brokers, FP Markets supports PayPal, Skrill, and bank wire transfers but not ACH/SEPA, while Fineco offers ACH/SEPA; Fineco’s availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | FP Markets | Fineco | |
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| Trust Score | 89 | 94 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Fineco Review |
| Broker Screenshots | FP Markets | Fineco | |
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| Regulation | FP Markets | Fineco | |
|---|---|---|---|
| Trust Score | 89 | 94 | |
| Year Founded | 2005 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | FP Markets | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 9770 | |
| Forex Pairs (Total) | 71 | 54 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FP Markets | Fineco | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | No |
| Funding | FP Markets | Fineco | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | FP Markets | Fineco | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Fineco | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Fineco | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | Fineco | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Fineco Review |
| Overall | FP Markets | Fineco | |
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| Trust Score | 89 | 94 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Fineco Review |
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