Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs FXGT.com, 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.
FinecoBank and FXGT.com are distinct in their regulatory stature and history. Incorporated in 1999, FinecoBank stands out as a well-established player that is publicly traded and operates as a bank, which underscores its credibility. It holds two Tier-1 licenses, highly recommended by ForexBrokers.com, and carries an impressive Trust Score of 94. This rating signifies a high level of trust and reliability in the financial market.
In contrast, FXGT.com, founded in 2019, is not publicly traded and does not function as a bank. The company has one Tier-1 license and one Tier-2 license, which are viewed with moderate trust. It bears a Trust Score of 69, indicating a higher risk profile compared to FinecoBank. Understanding these differences can help investors select a broker that aligns with their risk tolerance and trust expectations.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing FinecoBank to FXGT.com in terms of commissions and fees, both brokers received a rating of 3.5 stars out of five, indicating that there isn't a significant difference in quality between them. FinecoBank does not provide average spread data for forex and CFD trading, which can make it difficult for traders to fully evaluate its trading costs. According to the available information, Fineco offers a spread of 1 pip for the EUR/USD pair, which is generally higher than what is typically offered by other forex brokers. While Fineco also mentions a spread of 0.8 pips, these numbers lack a context of average values or defined date ranges, potentially creating uncertainty for traders. Fineco does, however, suggest lower spreads for its index CFDs, which might be appealing to some traders.
Similarly, FXGT.com does not make its average spread data publicly available, adding a layer of ambiguity when assessing its trading costs. This absence of transparent pricing information makes it challenging for potential clients to make informed decisions solely based on their commission and fee structures. Nonetheless, both brokers have their strengths and appear to cater to a diverse trading audience.
Despite similar star ratings, the brokers fall differently on the ForexBrokers.com rankings. FinecoBank is ranked higher at #51 out of 63 brokers, while FXGT.com is positioned slightly lower at #56. This slight edge in ranking for FinecoBank could be a deciding factor for traders prioritizing commissions and fees, although the overall experience with either broker could depend on individual trading needs and other factors like platform features and customer service.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| 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 | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| 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, FinecoBank stands out with an impressive offering of 9,770 tradeable symbols, significantly more than FXGT.com, which offers 117. Both platforms provide the opportunity for forex trading through CFDs or spot contracts, with FinecoBank providing access to 54 forex pairs compared to FXGT.com's 53. A notable difference is FinecoBank's ability to offer direct investments in exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase shares such as Apple and Vodafone directly. In contrast, FXGT.com does not support direct investment in exchange-traded securities but does offer cryptocurrency derivatives, which FinecoBank does not.
FinecoBank's wide range of investment choices is reflected in its high rating of 4.5 stars for the Range of Investments category. It is ranked 16th out of 63 brokers according to ForexBrokers.com, while FXGT.com receives a 3-star rating and is ranked 61st. Despite offering copy trading, an option FinecoBank lacks, FXGT.com falls short in comparison due to its limited selection of tradable symbols and lack of direct access to exchange-traded securities. This distinction emphasizes FinecoBank's broader spectrum of investment opportunities, catering to a wider range of investor interests.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 117 |
| Forex Pairs (Total) | 54 | 53 |
| 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). | 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 of FinecoBank and FXGT.com, both brokers provide comprehensive options, although each caters to different preferences. FinecoBank takes pride in its proprietary platform developed in-house and offers a Windows-based desktop download platform, alongside a web-based option for more flexible access. FXGT.com, on the other hand, leverages popular platforms like MetaTrader 4 and MetaTrader 5, which may appeal to traders who prefer familiar interfaces and rich features. While FinecoBank does not offer simulated trading, FXGT.com provides a free virtual demo account, enabling newcomers to explore trading risk-free. Additionally, FXGT.com supports copy trading, which FinecoBank does not offer.
Charting functionality shows variance between the two; FinecoBank offers fewer drawing tools, with only seven available compared to FXGT.com's 23. Moreover, FXGT.com allows users to trade directly from a stock chart, a feature not found with FinecoBank. For personalized monitoring, FXGT.com provides five columns for watch lists, which isn’t specified for FinecoBank. Both platforms receive a four-star rating for their trading platforms and tools, although FinecoBank holds a higher rank at 18th out of 63 brokers according to ForexBrokers.com, compared to FXGT.com’s 56th. Ultimately, the choice between them may depend on whether a trader values proprietary technology or more versatile third-party platforms.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 37 | 37 |
| Charting - Drawing Tools (Total) | 7 | 23 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and FXGT.com both offer mobile trading apps available for iPhone and Android users. Both platforms provide traders with stock and forex price alerts and the ability to view multiple time frames for stocks and forex charts, catering to traders needing detailed market insights. However, FXGT.com holds a slight advantage when it comes to syncing features, with watchlists that sync between devices, ensuring consistency between the mobile app and online accounts. This synchronization feature is not available with FinecoBank.
Charting tools differ significantly between the two, as FXGT.com offers a rich 30 technical studies compared to FinecoBank's 6. Furthermore, FXGT.com permits users to draw trendlines on charts and auto-saves these drawings, enhancing the user’s toolkit for detailed technical analysis. However, FinecoBank does not provide these features. When creating watchlists with real-time quotes, FXGT.com again takes the lead, offering this capability to users whereas FinecoBank does not. Despite FXGT.com’s additional features, FinecoBank garners a slightly higher rating, receiving 4 stars compared to FXGT.com's 3.5 stars, and ranks higher according to ForexBrokers.com.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FinecoBank and FXGT.com, several differences become clear. While neither broker provides daily market commentary, FinecoBank does stand out by offering forex news from prestigious sources such as Bloomberg and Reuters, unlike FXGT.com which lacks such features. Both brokers provide an economic calendar to track global economic events, though neither offers additional technical analysis tools from companies like Autochartist or Trading Central. Additionally, neither FinecoBank nor FXGT.com provides market research tools from TipRanks or Acuity Trading.
Regarding sentiment-based trading tools, FXGT.com has an advantage by offering a tool that displays long and short positions across various instruments, something FinecoBank lacks. In terms of rankings and ratings, FinecoBank takes a comfortable lead with a four-star research rating and a #33 rank out of 63 brokers on ForexBrokers.com. In contrast, FXGT.com is rated three stars and ranked at #56. Thus, for those prioritizing high-quality financial news and overall research capabilities, FinecoBank appears to be the more attractive choice between the two.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | 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 beginners, FinecoBank has a slight edge over FXGT.com. FinecoBank offers monthly online client webinars, which could be beneficial for those looking to regularly enhance their trading skills. They also cater to novice traders with a series of beginner-focused educational videos, providing valuable insights into trading topics. Moreover, FinecoBank includes an investor dictionary with over 50 investing terms, making it a handy tool for beginners trying to grasp financial jargon. However, they lack a comprehensive library of recorded webinars or advanced educational videos for seasoned traders.
On the other hand, FXGT.com doesn’t provide as many beginner-friendly educational materials. They do not offer regular webinars, nor do they have a collection of beginner educational videos to help new traders get started. Like FinecoBank, FXGT.com does have an investor dictionary with over 50 terms, giving traders a useful reference for understanding complex financial terminology. In the realm of educational offerings, FinecoBank is rated slightly higher at 4.0 stars compared to FXGT.com's 3 stars, and is ranked 49th out of 63 brokers by ForexBrokers.com, while FXGT.com stands at 60th. Overall, FinecoBank may be a more supportive platform for beginners looking to build their trading knowledge.
| Feature |
FinecoBank
|
FXGT.com
|
|---|---|---|
| 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 FinecoBank is better than FXGT.com. FinecoBank finished with an overall rank of #25, while FXGT.com finished with an overall rank of #59.
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 |
FinecoBank
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 69 |
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FinecoBank does not offer the ability to buy either actual delivered cryptocurrency or cryptocurrency derivatives, while FXGT.com provides the option to purchase cryptocurrency derivatives, although not actual delivered cryptocurrency.
Both FinecoBank and FXGT.com provide ACH or SEPA transfers and bank wires for depositing or withdrawing funds, but only FXGT.com supports Visa or Mastercard transactions, while neither broker offers PayPal or Skrill as payment options.
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 | FinecoBank | FXGT.com | |
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| Trust Score | 94 | 69 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | FXGT.com | |
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| Regulation | FinecoBank | FXGT.com | |
|---|---|---|---|
| Trust Score | 94 | 69 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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) | FinecoBank | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 117 | |
| Forex Pairs (Total) | 54 | 53 | |
| 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). | 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 | FinecoBank | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | FinecoBank | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 5 | |
| Charting - Indicators / Studies (Total) | 37 | 37 | |
| Charting - Drawing Tools (Total) | 7 | 23 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | FXGT.com | |
|---|---|---|---|
| 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 | FinecoBank | FXGT.com | |
|---|---|---|---|
| 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 | FinecoBank Review |
| Overall | FinecoBank | FXGT.com | |
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| Trust Score | 94 | 69 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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