Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM and Fineco are both established online brokers founded in 1999, with each publicly traded and having built a strong reputation in the financial markets. While FXCM is not a bank, Fineco operates as one, providing an added dimension to its financial services. Both brokers hold Tier-1 licenses, which are highly trusted according to ForexBrokers.com, yet FXCM has a slight edge with four Tier-1 licenses compared to Fineco's two. Additionally, FXCM holds two Tier-2 licenses, while Fineco does not hold any.
When it comes to trustworthiness, FXCM slightly surpasses Fineco with a Trust Score of 95 out of 99, compared to Fineco's score of 94 out of 99, meaning both brokers are considered highly trusted by ForexBrokers.com. While the score difference is minimal, it underscores the strong regulatory environment under which FXCM operates, supported by its multiple Tier-1 and Tier-2 licenses. Fineco, on the other hand, brings the advantages of being a bank into the mix, which may appeal to investors looking for banking services integrated with their brokerage needs.
| Feature |
FXCM
|
Fineco
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing FXCM and Fineco based on commissions and fees, FXCM stands out as having a slightly higher-than-average price for forex trading. Standard account spreads for FXCM vary depending on the region, with spreads for its EU, U.K., and Australia offerings averaging 0.78 pips on the EUR/USD during May 2024. However, for FXCM's St. Vincent and the Grenadines entity, average spreads reach 1.38 pips, surpassing industry norms. Commission-based accounts at FXCM offer a more competitive average spread of 0.28 pips, not including commissions, and the Active Trader Rebate Program provides opportunities for discounts based on trade volume, though it's not available in the U.K. or EU.
Fineco, on the other hand, does not share average spread data for forex and CFD trading, which makes evaluating its actual trading costs challenging. The broker lists a 1 pip spread for the EUR/USD, and while it also cites a 0.8 pip spread, neither is marked as an average nor tied to a specific date range. Despite this, Fineco seemingly offers lower spreads on its index CFDs, adding a potential advantage for those traders specifically focused on this asset class.
In terms of overall evaluation, FXCM receives a commendable 4-star rating for commissions and fees, placing it at number 25 out of 63 brokers ranked by ForexBrokers.com. Fineco, meanwhile, holds a 3.5-star rating and stands at number 51 out of the same 63 brokers. Each broker offers distinct advantages for different aspects of trading, so prospective clients should consider their specific needs and focus areas when choosing between the two.
| Feature |
FXCM
|
Fineco
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $0 |
| Average Spread EUR/USD - Standard | 0.78 | N/A |
| All-in Cost EUR/USD - Active | 0.78 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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.
When comparing the range of investments offered by FXCM and Fineco, distinct differences emerge. Both brokers provide the opportunity to trade forex as CFDs or spot contracts. FXCM boasts 440 tradeable symbols including 46 forex pairs. Meanwhile, Fineco offers a significantly broader selection with 9,770 tradeable symbols, encompassing 54 forex pairs. A notable disparity exists in the availability of exchange-traded securities, as investors can purchase well-known stocks like Apple and Vodafone with Fineco, but FXCM does not support direct investments in such securities on either U.S. or international exchanges.
In the realm of cryptocurrencies, neither FXCM nor Fineco offer the ability to buy actual delivered cryptocurrencies. However, FXCM does provide cryptocurrency derivatives, unlike Fineco. FXCM stands out for its support of copy trading, which Fineco does not offer. Despite FXCM’s variety in certain areas, Fineco's vast selection of tradeable symbols and access to direct stock investments contribute to its superior 4.5-star rating in the range of investments category, compared to FXCM's 3.5 stars. Consequently, Fineco ranks 16th out of 63 brokers for investment range, whereas FXCM is positioned at 47th, reflecting Fineco’s more extensive offering.
| Feature |
FXCM
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 9770 |
| Forex Pairs (Total) | 46 | 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 FXCM and Fineco for their trading platforms and tools, both brokers offer proprietary platforms developed in-house, alongside Windows-based desktop downloads and web-based trading platforms. However, FXCM outpaces Fineco with its provision of simulated (paper) trading through a free virtual demo account, a feature absent at Fineco. FXCM also supports copy trading and MetaTrader 4 (MT4), as well as ZuluTrade, which are not available with Fineco. For traders interested in technical analysis, FXCM provides 10 drawing tools and allows trading directly from stock charts, while Fineco offers 7 drawing tools but does not support trading from stock charts.
FXCM offers a more versatile trading experience with 13 columns for watch lists, further enhancing its platforms' usability. This wealth of features contributes to FXCM's superior rating of 5 stars for Trading Platforms and Tools, ranking it at #6 out of 63 brokers according to ForexBrokers.com. By contrast, Fineco holds a respectable 4-star rating and ranks at #18. Overall, those seeking a wider range of tools and simulation capabilities might find FXCM more aligned with their trading needs.
| Feature |
FXCM
|
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) | No | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 37 |
| Charting - Drawing Tools (Total) | 10 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 13 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FXCM and Fineco offer iPhone and Android trading apps, making it convenient for on-the-go investors. Each app provides critical stock or forex price alerts, keeping traders informed of market movements. FXCM's app excels with features like watchlist syncing, allowing users to seamlessly keep track of their investments across devices. On the other hand, Fineco's app does not support watchlist syncing. In terms of charting, FXCM provides 59 technical studies compared to Fineco’s 6, and only FXCM allows users to draw trend lines on charts. Both apps offer multiple time frames for analyzing stocks and forex, but only FXCM auto-saves drawings. Additionally, FXCM users can create watchlists with real-time quotes, something Fineco does not offer.
According to ForexBrokers.com, FXCM’s mobile trading app garners a 4.5-star rating and ranks 16th out of 63 brokers, demonstrating its advanced features and user-friendly experience. Meanwhile, Fineco clocks in with a 4-star rating and ranks 42nd. While both apps have their strengths, FXCM's variety of features and higher user ratings may attract those looking for a more comprehensive mobile trading tool.
| Feature |
FXCM
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 59 | 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 it comes to market research, FXCM stands out against Fineco by offering a more comprehensive array of tools and services. FXCM provides daily market commentary and top-tier forex news from sources such as Bloomberg, Reuters, and Dow Jones, which Fineco also offers. However, FXCM goes a step further by including a sentiment-based trading tool that displays the ratio of long and short positions across various instruments, enhancing the decision-making process for traders. FXCM also benefits from the advanced insights of Trading Central's technical analytics and market research from TipRanks, resources that Fineco users do not have access to. Both brokers do provide an economic calendar that details upcoming global news events, a valuable feature for traders of all levels.
Considering these services, FXCM typically receives a higher research rating of 4.5 stars compared to Fineco's 4.0 stars. This is reflected in their rankings on ForexBrokers.com, where FXCM holds the 11th spot out of 63 brokers in the Research category, while Fineco is ranked at 33rd. For traders who value a broad array of research tools and market insights, FXCM clearly offers an edge in the online broker space over Fineco.
| Feature |
FXCM
|
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 | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, FXCM and Fineco offer distinct experiences. FXCM provides a comprehensive learning platform, boasting over ten educational pieces focused on forex and CFDs. Additionally, FXCM hosts monthly online webinars and offers a convenient searchable archive of past sessions. Beginner traders benefit from over ten specific educational videos, as well as an extensive collection for advanced learners. FXCM also offers an investor dictionary with more than 50 useful investing terms. Such a broad range of resources has earned FXCM a 4.5-star rating for education and the 14th spot out of 63 brokers, according to ForexBrokers.com.
Fineco, on the other hand, offers a more limited educational suite. While Fineco provides at least ten beginner-focused educational videos and maintains a dictionary with over 50 investing terms, the broker lacks a diverse range of forex and CFD articles and videos. Fineco does conduct regular webinars but does not support a searchable archive for them. In terms of education, Fineco has received a 4.0-star rating and ranks 49th in the educational category among 63 brokers, as evaluated by ForexBrokers.com. This comparison highlights FXCM's more extensive educational offerings tailored for both beginners and advanced traders, making it a more well-rounded option for those seeking knowledge to enhance their trading skills.
| Feature |
FXCM
|
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 FXCM is better than Fineco. FXCM finished with an overall rank of #15, while Fineco finished with an overall rank of #25.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
|
Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 94 |
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While both FXCM and Fineco do not allow the purchase of actual delivered cryptocurrency, FXCM offers the ability to buy cryptocurrency derivatives, whereas Fineco does not.
When comparing the online brokers FXCM and Fineco, both offer ACH and SEPA transfers as well as bank wires for depositing or withdrawing account funds; however, FXCM additionally provides flexibility with payment options like PayPal, Skrill, and Visa or Mastercard, which Fineco lacks.
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 | FXCM | Fineco | |
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| Trust Score | 95 | 94 | |
| Winner | check_circle | ||
| Review | FXCM Review | Fineco Review |
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| Regulation | FXCM | Fineco | |
|---|---|---|---|
| Trust Score | 95 | 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 | 4 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | 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) | FXCM | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXCM | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 9770 | |
| Forex Pairs (Total) | 46 | 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 | FXCM | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | N/A | |
| All-in Cost EUR/USD - Active | 0.78 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | FXCM | Fineco | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $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 | Yes | Yes |
| Trading Platforms | FXCM | 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) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 13 | N/A | |
| Charting - Indicators / Studies (Total) | 115 | 37 | |
| Charting - Drawing Tools (Total) | 10 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | 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 | 59 | 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 | FXCM | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | 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 | FXCM | 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 | FXCM Review | Fineco Review |
| Overall | FXCM | Fineco | |
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| Trust Score | 95 | 94 | |
| Winner | check_circle | ||
| Review | FXCM Review | Fineco Review |
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