Written by ForexBrokers.com
In this head to head comparison of Fineco vs FXOpen, 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.
When evaluating online brokers Fineco and FXOpen for their trust and reliability, certain factors stand out. Fineco, founded in 1999 and publicly traded, doubles as a bank, which adds an additional layer of security for clients. It holds two Tier-1 licenses, considered highly trustworthy, and boasts an impressive Trust Score of 94 out of 99 on ForexBrokers.com, categorizing it as a highly trusted broker.
On the other hand, FXOpen, founded in 2003, is not publicly traded nor operates as a bank. It also holds two Tier-1 licenses, aligning it with Fineco in regulatory standing. However, its Trust Score on ForexBrokers.com is 76, which places it in the average risk category compared to Fineco's standing. While both brokers share a number of regulatory licenses, the differences in their Trust Scores and operational structures may influence a trader's choice.
| Feature |
Fineco
|
FXOpen
|
|---|---|---|
| Year Founded | 1999 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing online brokers Fineco and FXOpen in terms of their commissions and fees, it's essential to note some key differences. Fineco does not provide average spread data for forex and CFD trading, which complicates the evaluation of its true trading costs. It does, however, list a spread of 1 pip for the EUR/USD, which, even as a potential average, is higher than what many other brokers offer. There is also a spread listing of 0.8 pips, but neither figure is confirmed as an average, and there is no specified date range. On the upside, Fineco seems to provide more competitive spreads on its index CFDs.
In contrast, FXOpen also lacks average spread data for review. Despite this, FXOpen stands out with a higher rating on commissions and fees, garnering 4 out of 5 stars compared to Fineco’s 3.5 stars. This suggests that, generally, FXOpen might be offering more competitive pricing structures or perhaps more transparency in its fee structure.
In terms of rankings, on ForexBrokers.com, Fineco is placed at #51 out of 63 brokers in the Commissions and Fees category. Meanwhile, FXOpen ranks at #44, highlighting a slight edge over Fineco in terms of perceived value and cost-effectiveness by the evaluators.
| Feature |
Fineco
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investment options, Fineco boasts a significantly broader offering compared to FXOpen. Fineco provides access to 9,770 tradeable symbols and 54 forex pairs, allowing investors a wide range of choices. Moreover, Fineco allows users to invest in exchange-traded securities on both U.S. and international exchanges, giving them the opportunity to own shares of major companies like Apple and Vodafone. On the other hand, FXOpen offers a slimmer selection with 87 tradeable symbols and 25 forex pairs. FXOpen does not support investments in exchange-traded securities, limiting the opportunities for those looking to invest beyond CFDs and spot contracts in forex.
Additionally, while both Fineco and FXOpen offer forex trading as a CFD or spot contract, Fineco does not provide options for cryptocurrency investments, neither delivered nor as derivatives. FXOpen, however, does allow for the purchase of cryptocurrency derivatives. Furthermore, FXOpen offers copy trading, which is absent from Fineco's offerings. Despite certain unique features, FXOpen's range of investments is rated at 3 stars, compared to Fineco's impressive 4.5 stars. Consequently, Fineco ranks at #16 out of 63 brokers for the range of investments, whereas FXOpen stands at a lower position, ranked #62.
| Feature |
Fineco
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 87 |
| Forex Pairs (Total) | 54 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools between Fineco and FXOpen, key distinctions emerge that cater to different trader preferences. Fineco offers a unique proprietary platform developed in-house, which can be accessed through both a Windows-based desktop application and a web-based browser interface. However, it does not provide a simulated trading environment like a virtual demo account or support popular third-party platforms such as MetaTrader 4 or 5, which many traders find essential for practicing strategies without financial risk. Moreover, Fineco lacks features like copy trading and direct trading from charts, although it stands out with seven available drawing tools for charting.
Conversely, FXOpen provides a more diverse range of platform options, including both MetaTrader 4 and 5, alongside access to a Windows-based desktop platform and a web-based interface. FXOpen allows traders the advantage of a free virtual demo account for practice, and it supports advanced functionalities like copy trading and ZuluTrade integration. With 15 drawing tools for charting and the ability to trade directly from stock charts, FXOpen offers versatile tools for comprehensive market analysis. Despite having similar ratings of four stars for trading platforms and tools, with FXOpen ranking lower at #53 compared to Fineco's #18 by ForexBrokers.com, each broker caters to distinct trading needs and leverages its strengths accordingly.
| Feature |
Fineco
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Fineco and FXOpen both offer trading apps for iPhone and Android devices, providing stock and forex price alerts to keep you informed. While Fineco offers six technical studies for charting, FXOpen takes the lead with an impressive thirty, enhancing your analytical capabilities. If drawing trendlines is essential for your strategy, FXOpen allows this feature, though Fineco does not. However, both apps support viewing various time frames like daily, weekly, or intraday, though neither automatically saves your chart drawings.
When it comes to syncing watchlists between devices, both Fineco and FXOpen fall short, as changes in the mobile app do not sync with online accounts. Nevertheless, FXOpen allows creation of watchlists with real-time quotes, unlike Fineco. Despite Fineco being ranked higher at #42, compared to FXOpen at #54, on ForexBrokers.com for mobile trading apps, both brokers receive an equal four-star rating out of five, indicating a comparable level of user satisfaction.
| Feature |
Fineco
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating Fineco and FXOpen for market research capabilities, several differences and similarities stand out. Both brokers provide forex news from prominent sources like Bloomberg and Reuters, as well as an economic calendar to keep traders informed about global events. However, while FXOpen includes daily market commentary as part of its offerings, Fineco does not. Both brokers lack technical analysis tools from Autochartist and Trading Central, as well as sentiment-based trading tools and research from providers like TipRanks and Acuity Trading.
Despite these commonalities, Fineco edges ahead in research quality, boasting a 4-star rating compared to FXOpen's 3-star rating. ForexBrokers.com ranks Fineco at 33rd out of 63 brokers in the Research category, considerably higher than FXOpen's 63rd position. This suggests that even though both platforms offer similar basic research tools, Fineco delivers a slightly better experience overall for traders seeking informed market insights.
| Feature |
Fineco
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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 between Fineco and FXOpen, one finds noticeable differences. Fineco stands out with its commitment to beginner traders by offering regular online webinars and a variety of educational videos tailored specifically for newcomers to trading. Although it lacks a comprehensive library of educational articles or a searchable archive of past webinars, Fineco does provide a useful investor dictionary with over 50 terms to help beginners understand complex financial terminology. This focus on foundational learning resources is reflected in its rating, as Fineco is awarded 4.0 stars for education, positioning it at rank 49 out of 63 brokers in the ForexBrokers.com category for education.
On the other hand, FXOpen seems to fall short in several areas when it comes to supporting beginners in forex and CFD trading. FXOpen does not offer the same level of engagement with new traders, as it lacks regular educational webinars and has not developed a substantial collection of beginner-focused videos or articles. However, like Fineco, FXOpen does provide an investor dictionary with essential terms that can aid beginners in getting to grips with industry jargon. With a lower education rating of 3 stars, FXOpen holds the 58th rank in the education category according to ForexBrokers.com, indicating room for improvement in its educational offerings for aspiring traders.
| Feature |
Fineco
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 Fineco is better than FXOpen. Fineco finished with an overall rank of #25, while FXOpen finished with an overall rank of #54.
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 – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 76 |
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Fineco does not offer the ability to buy actual or derivative cryptocurrencies, while FXOpen does not provide the option to buy actual cryptocurrencies but does allow trading in cryptocurrency derivatives.
When comparing online brokers Fineco and FXOpen, Fineco supports ACH and SEPA transfers and bank wires for account funding, while FXOpen offers Skrill, Visa/Mastercard, and also bank wires, but neither broker supports PayPal 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 | Fineco | FXOpen | |
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| Trust Score | 94 | 76 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | FXOpen | |
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| Regulation | Fineco | FXOpen | |
|---|---|---|---|
| Trust Score | 94 | 76 | |
| Year Founded | 1999 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Fineco | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Fineco | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 87 | |
| Forex Pairs (Total) | 54 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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). |
| Cost | Fineco | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Fineco | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | FXOpen | |
|---|---|---|---|
| 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 | Fineco Review |
| Overall | Fineco | FXOpen | |
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| Trust Score | 94 | 76 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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