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 | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and Fineco both support forex trading as CFDs or spot, but their product lists differ. FP Markets advertises about 10,000 tradeable symbols and 71 forex pairs, while Fineco lists roughly 9,770 symbols and 54 forex pairs. FP Markets includes copy trading and offers cryptocurrency derivatives (not actual coins), whereas Fineco does not provide copy trading and does not offer crypto derivatives. Neither broker lets you buy delivered cryptocurrency.
When it comes to exchange-traded securities, Fineco stands out by allowing clients to buy real shares on both U.S. and international exchanges; FP Markets does not offer exchange-traded U.S. or international shares. Both brokers earn 4.5/5 stars for Range of Investments, with Fineco ranked 17th and FP Markets 19th out of 63 brokers by ForexBrokers.com. In short, pick FP Markets if you value copy trading and crypto derivatives, or choose Fineco if you want direct share dealing alongside a wide selection of markets.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 9770 |
| Forex Pairs (Total) | 71 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | 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 provided by FP Markets and Fineco, distinct features set them apart for both beginners and experienced traders. FP Markets stands out by offering a simulated trading experience through a free virtual demo account, which Fineco does not currently provide. Both brokers offer their own proprietary platforms, in addition to Windows-based desktop downloads and web-based platforms for flexible trading options. However, FP Markets goes a step further by supporting well-known trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), a feature Fineco lacks. Moreover, FP Markets supports copy trading while Fineco does not. This makes FP Markets appealing for traders who wish to experiment and hone their strategies with virtual funds or follow more experienced traders.
In terms of charting and trade execution features, FP Markets offers more drawing tools with 17 options compared to Fineco's 7. Another advantage of FP Markets is the ability to trade directly from a stock chart, a feature not available with Fineco. FP Markets also provides a better-customized experience with 7 columns available to configure watch lists, while Fineco does not provide specific information in this regard. Despite these differences, both brokers receive a solid 4-star rating for their trading platforms and tools. While FG Markets ranks slightly lower than Fineco in this category, positioned at #23 compared to Fineco's #18 by ForexBrokers.com, the unique tools and features offered by FP Markets may provide more value depending on individual trading needs.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 17 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Fineco both offer mobile trading apps for iPhone and Android, and both support price alerts and multiple time frames for charts. However, neither broker syncs watchlists between the app and the online account. While each app earned 4 stars for mobile trading, their standings differ: FP Markets is ranked #18 out of 63 brokers by ForexBrokers.com, whereas Fineco sits at #43.
For charting, FP Markets uses MetaTrader’s default indicator set, lets you draw trendlines, and automatically saves your drawings. It also allows you to build watchlists with real-time quotes. Fineco provides 6 technical indicators but does not support drawing trendlines, does not auto-save drawings, and does not offer real-time quote watchlists. If you value richer chart tools and real-time watchlists, FP Markets has the edge; if you prefer a simpler setup with basic indicators, Fineco gets the job done.
| Feature |
FP Markets
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 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 | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources available for beginners, FP Markets and Fineco both have offerings but differ in scope. FP Markets excels by providing extensive educational content on forex and CFDs, surpassing the minimum requirement with over ten pieces such as articles and videos. It also hosts monthly webinars, making prior sessions easily accessible through a searchable archive—a feature Fineco lacks. FP Markets caters to both beginners and experienced traders alike with over 10 educational videos for each group. It also offers an investor dictionary with comprehensive definitions, similar to Fineco.
Fineco presents a mixed bag with its educational resources. While it also provides educational webinars and a dictionary similar to FP Markets, its content on forex and CFDs needs to catch up by not meeting the ten-piece minimum. Moreover, Fineco lacks a searchable webinar archive and advanced educational videos for seasoned traders, notwithstanding its provision of beginner-level videos. Both platforms have garnered four-star ratings for their educational offerings, but in a comparative ranking of 63 brokers, FP Markets stands at #23 compared to Fineco's position at #49, highlighting FP Markets’ edge in educational quality and accessibility.
| Feature |
FP Markets
|
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 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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| Trust Score | 89 | 94 |
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While FP Markets provides options for trading cryptocurrency derivatives, it does not facilitate the purchase of actual cryptocurrencies, whereas Fineco neither supports the purchase of real cryptocurrencies nor offers cryptocurrency derivatives.
FP Markets and Fineco differ in their deposit and withdrawal methods: FP Markets supports PayPal, Skrill, Visa/Mastercard, and bank wires but not ACH or SEPA transfers, whereas Fineco offers ACH, SEPA transfers, and bank wires, but does not support PayPal, Skrill, or Visa/Mastercard transactions.
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 (SFC 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. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | 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 | FP Markets | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | FP Markets | Fineco | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | FP Markets | Fineco | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 17 | 7 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | 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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