Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco, established in 1999, stands as a trusted online broker with a ForexBrokers.com Trust Score of 94 out of 99, placing it in the highly trusted category. As a publicly traded bank, Fineco holds two Tier-1 licenses, enhancing its credibility and reliability in the financial sector. This impressive trust score reflects Fineco's strong foundation in the market, offering peace of mind for those looking to invest or trade with a broker that has substantial regulatory backing.
In contrast, FXGT.com, which was founded in 2019, presents itself as an online broker without the backing of a publicly traded entity or a banking status. It holds one Tier-1 and one Tier-2 license, which indicates an average level of trust according to ForexBrokers.com’s ratings. With a Trust Score of 69, FXGT.com falls into the high-risk category, advising potential users to exercise caution. Individuals looking for options among online brokers should weigh these factors when choosing either Fineco or FXGT.com for their trading needs.
| Feature |
Fineco
|
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 |
Comparing the commissions and fees of Fineco and FXGT.com reveals a mix of pros and cons for traders looking to optimize their trading expenses. Fineco does not disclose average spread data for forex and CFD trading, making it challenging to evaluate its actual trading costs. However, it offers a spread of 1 pip and occasionally cites 0.8 pips for the EUR/USD pair. While these numbers don't specify an average or a date range, Fineco seems to provide lower spreads on its index CFDs. On the other hand, FXGT.com does not offer average spread data at all, leaving potential traders without a complete picture of their cost structure.
In terms of ratings, both Fineco and FXGT.com have been given a 3.5-star rating out of five in the commissions and fees category. This suggests that while neither broker stands out as exceptionally cost-effective, they both maintain a user-fair approach to commissions and fees in the forex trading landscape. Potential users might find this rating useful when deciding which platform meets their specific trading needs.
When ranked among 63 brokers in the Commissions and Fees category by ForexBrokers.com, Fineco is placed at 51, while FXGT.com is slightly below at 56. This ranking can assist traders in weighing their options and understanding where each broker stands in relation to others in the industry. Overall, making an informed decision requires considering not just these rankings and ratings but also the detailed fee structures offered by each broker, especially for those keen on forex and CFD trading.
| Feature |
Fineco
|
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 comparing the online brokers Fineco and FXGT.com, investors will find significant differences in their offerings. Fineco provides an expansive range of investment options, boasting 9,770 tradeable symbols, including 54 forex pairs. It stands out by allowing clients to buy exchange-traded securities on both U.S. and international exchanges. On the other hand, FXGT.com offers 117 tradeable symbols and 53 forex pairs, but it falls short on providing access to exchange-traded securities on major stock exchanges. However, FXGT.com does cater to those interested in copy trading and offers cryptocurrency derivatives, which Fineco lacks.
In terms of ratings and rankings, Fineco is highly regarded with a 4.5-star rating for its range of investments and ranks 16th out of 63 brokers in the category according to ForexBrokers.com. Conversely, FXGT.com holds a 3-star rating and is ranked 61st, indicating a more modest selection of investment options. While both platforms facilitate forex trading through CFDs or spot contracts, Fineco's broader range of securities and higher ranking make it a more attractive option for diverse investment needs. Nonetheless, FXGT.com's support of copy trading strategies and cryptocurrency derivatives could appeal to certain types of traders.
| Feature |
Fineco
|
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 offered by Fineco and FXGT.com, both brokers present valuable features for traders with distinct preferences. Fineco boasts a proprietary platform that can be accessed via a Windows desktop download or a web-based browser, providing a familiar interface for users. However, it lacks a free virtual demo account, which might be a downside for those who prefer practicing with simulated trading. Additionally, it doesn’t offer MetaTrader 4 or 5, nor does it support copy trading, potentially limiting the options for traders seeking these specific functionalities. In terms of charting, Fineco provides seven drawing tools but does not support trading directly from a stock chart. Despite these limitations, Fineco is rated four stars for its trading platforms and tools and ranks 18th among 63 brokers in this category.
FXGT.com, on the other hand, is more diversified when it comes to trading options. It offers popular MetaTrader 4 and 5 platforms, which are well-regarded for their comprehensive tools and support of automated trading strategies. FXGT.com also provides a free virtual demo account, making it a great choice for beginners wanting to practice before investing real money. With support for copy trading, traders can mirror successful strategies from others. FXGT.com also excels in charting functionality, offering 23 drawing tools and the ability to trade directly from stock charts. It includes a web-based and Windows desktop download platform, ensuring flexibility and convenience. FXGT.com holds a four-star rating for its trading platforms and tools, though it ranks lower at 56th place out of 63 brokers, indicating potential areas for improvement despite its varied offerings.
| Feature |
Fineco
|
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.
When it comes to mobile trading, both Fineco and FXGT.com offer apps available on iPhone and Android, keeping you connected to the markets on the go. They also provide essential features such as stock and forex price alerts, and the ability to explore different time frames on charts. Where Fineco lags is in syncing watchlist symbols with the online account, a feature FXGT.com efficiently offers. Though Fineco is ranked higher at #42 for mobile trading apps compared to FXGT.com's #58, it offers only 6 technical studies for charting versus FXGT.com's 30. This makes FXGT.com a more versatile choice for traders interested in technical analysis right from their mobile devices.
For traders who prioritize drawing and chart functionalities, FXGT.com allows you to draw trendlines and even auto-saves those drawings, features not available with Fineco. In contrast, Fineco’s mobile app does not support creating a watchlist with real-time quotes, unlike FXGT.com, which seamlessly integrates this feature. With Fineco rated at 4 stars compared to 3.5 stars for FXGT.com, the choice depends on whether one values ease of navigation and reputation or advanced charting capabilities. While Fineco provides a straightforward trading experience, FXGT.com delivers a more feature-packed app, catering to traders who require detailed technical tools and data synchronization.
| Feature |
Fineco
|
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 Fineco and FXGT.com, it's clear that both have their strengths and gaps. Fineco stands out by providing forex news from top-tier sources like Bloomberg and Reuters, enhancing traders' access to premium information. Additionally, Fineco offers an economic calendar to track global news events which can be pivotal for making informed decisions. However, it doesn't provide tools from companies like Autochartist or Trading Central. With a strong rating of 4.0 stars for research, Fineco holds the 33rd position among 63 brokers rated by ForexBrokers.com.
In contrast, FXGT.com offers a unique sentiment-based trading tool that enables traders to see a ratio of long or short positions across various instruments, giving them insights into market trends. While it also includes an economic calendar, it lacks the top-tier forex news access that Fineco provides. Without partnerships with Autochartist, Trading Central, or Acuity Trading, FXGT.com is rated 3 stars for research, reflecting its more limited offerings. Ranked 56th among its peers, FXGT.com may appeal to traders who prioritize sentiment tools but seek less in terms of comprehensive news access.
| Feature |
Fineco
|
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 comparing the educational resources offered by Fineco and FXGT.com for beginners interested in forex or CFDs, Fineco stands out with a few more options. While neither broker offers a collection of at least ten dedicated educational pieces on forex or CFDs, Fineco does provide regular online educational client webinars, with at least one session per month, targeting beginner traders. In contrast, FXGT.com does not offer such webinars. When it comes to accessibility, Fineco also provides a series of beginner-focused educational videos, with at least ten covering key trading topics, giving new traders the chance to ease into the trading world.
On the other hand, both Fineco and FXGT.com have an investor dictionary with over 50 trading terms defined, which can be handy for newcomers trying to grasp the jargon. Despite Fineco not having a searchable archive of recorded webinars or advanced educational videos, its overall education rating is higher at 4 stars compared to FXGT.com's 3 stars. According to rankings by ForexBrokers.com, Fineco is rated higher for education (49 out of 63 brokers) than FXGT.com, which is positioned at 60. This suggests that while neither broker is leading in educational support for traders, Fineco offers a slightly more comprehensive range of beginner-friendly educational tools.
| Feature |
Fineco
|
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 Fineco is better than FXGT.com. Fineco 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 |
Fineco
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 69 |
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While Fineco does not provide the option to buy either actual cryptocurrencies or cryptocurrency derivatives, FXGT.com offers the ability to purchase cryptocurrency derivatives, making it a better choice for traders interested in cryptocurrency trading options.
Both Fineco and FXGT.com provide ACH and SEPA transfers as well as bank wire options for depositing and withdrawing account funds, but unlike Fineco, FXGT.com also accepts Visa and Mastercard payment methods, while neither platform offers PayPal or Skrill.
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 | FXGT.com | |
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| Trust Score | 94 | 69 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | FXGT.com | |
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| Regulation | Fineco | 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) | Fineco | 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) | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco Review |
| Overall | Fineco | FXGT.com | |
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| Trust Score | 94 | 69 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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