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FP Markets vs Fineco Bank 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is FP Markets better than Fineco Bank? In our analysis of 23 international regulators across 62 of the best forex brokers, FP Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Fineco is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.

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Overall RatingFP MarketsFineco Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Offering of Investments 4.5/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 92
Winner check_circle
Review FP Markets Review Fineco Bank Review
RegulationFP MarketsFineco Bank
Trust Score 86 92
Year Founded 2005 1999
Publicly Traded (Listed) No Yes
Bank No Yes
Authorised in European Union Yes info Yes info
Tier-1 Licenses 1 2
Tier-2 Licenses 2 0
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)FP MarketsFineco Bank
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)FP MarketsFineco Bank
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)FP MarketsFineco Bank
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsFP MarketsFineco Bank
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 10000 126
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 (CFD) 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).
CostFP MarketsFineco Bank
Average Spread EUR/USD - Standard 1.2 info N/A info
All-in Cost EUR/USD - Active 0.7 info N/A info
Active Trader or VIP Discounts Yes No
Execution: Agency Broker No No
Execution: Market Maker Yes No
FundingFP MarketsFineco Bank
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
Trading PlatformsFP MarketsFineco Bank
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 ToolsFP MarketsFineco Bank
Virtual Trading (Demo) Yes No
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 N/A
Charting - Indicators / Studies (Total) 30 90
Charting - Drawing Tools (Total) 15 N/A
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingFP MarketsFineco Bank
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing No No
Mobile Charting - Indicators / Studies MetaTrader (Default) N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchFP MarketsFineco Bank
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes No
EducationFP MarketsFineco Bank
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsFP MarketsFineco Bank
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 Bank Review
OverallFP MarketsFineco Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Offering of Investments 4.5/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 92
Winner check_circle
Review FP Markets Review Fineco Bank Review
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FP Markets vs Fineco Bank Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs Fineco Bank.

Does FP Markets or Fineco Bank offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.

Is FP Markets or Fineco Bank safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Fineco Bank holds 2 global Tier-1 licenses, while FP Markets holds 1. FP Markets holds 2 global Tier-2 licenses, while Fineco Bank holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco Bank earned a higher Trust Score than FP Markets.

Which trading platform is better: FP Markets or Fineco Bank?

To compare the trading platforms of both FP Markets and Fineco Bank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco Bank offers a better experience. With research, Fineco Bank offers superior market research. Finally, we found FP Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

FP Markets provides traders 71 currency pairs (e.g., EUR/USD) compared to Fineco Bank's 54 available pairs. Forex pairs aside, FP Markets offers traders access to 10000 CFDs while Fineco Bank has 126 available CFDs, a difference of 9874.

Can I trust FP Markets?

FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).

Can I trust Fineco Bank?

Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is FP Markets good?

FP Markets shines as a low-cost broker for trading forex and CFDs โ€“ as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but itโ€™s mostly a share trading platform โ€“ and is generally a much pricier option.

Is Fineco Bank good?

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 โ€“ or you are a resident of Italy or the U.K. โ€“ you will not be permitted to open an online account with FinecoBank.

Overall winner: FP Markets

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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