Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs FXPrimus, 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 FXPrimus are two well-known online brokers with distinct characteristics worth considering if you're choosing a platform for trading. Established in 1999, FinecoBank not only operates as a bank but is also publicly traded, offering a high level of transparency and stability. It carries an impressive ForexBrokers.com Trust Score of 94, placing it in the highly trusted category. This reputation is backed by its two Tier-1 licenses, reflecting its commitment to stringent regulatory standards and customer safety.
In contrast, FXPrimus, founded in 2009, is not a bank and isn't publicly traded, which may appeal to investors with different priorities. It holds one Tier-1 license and maintains a Trust Score of 71, indicating average risk according to ForexBrokers.com. While it provides a different approach from FinecoBank, FXPrimus still maintains a proper regulatory framework for the services it offers, albeit with different trust and transparency levels. Both brokers cater to specific needs and preferences, making them viable options depending on your trading requirements.
| Feature |
FinecoBank
|
FXPrimus
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of FinecoBank and FXPrimus, it becomes evident that FinecoBank leaves some room for clarity. FinecoBank does not release average spread data for forex and CFD trading, making it tough to evaluate their trading costs accurately. They list a spread of 1 pip for EUR/USD, which is generally higher than what other forex brokers offer. Additionally, FinecoBank mentions a spread of 0.8 pips, but the lack of average values and specified date ranges makes it hard to ascertain. Interestingly, FinecoBank tends to provide more competitive spreads on its index CFDs. FinecoBank receives a rating of 3.5 stars for commissions and fees and ranks #51 out of 63 brokers by ForexBrokers.com in this category.
FXPrimus, on the other hand, also does not provide average spread data, which could be a concern for traders who rely on transparency. However, FXPrimus does perform slightly better than FinecoBank in terms of commissions and fees, earning a 4-star rating. When it comes to rankings, FXPrimus secures the #42 spot out of 63 brokers according to ForexBrokers.com.
While neither FinecoBank nor FXPrimus offers complete clarity regarding average spreads, FXPrimus appears to have a slight edge with a higher star rating and better ranking. Traders considering these online brokers should carefully weigh these factors alongside other essential features, such as customer service and trading platform capabilities, before making a decision.
| Feature |
FinecoBank
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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.
FinecoBank and FXPrimus both offer forex trading via CFDs and spot contracts; however, the breadth of their offerings significantly differs. FinecoBank boasts an impressive 9,770 tradeable symbols, including 54 forex pairs, alongside direct access to U.S. and international exchanges for stock trading. This means clients can directly purchase shares like Apple and Vodafone, providing a wide array of investment opportunities. On the other hand, FXPrimus offers 140 tradeable symbols with 42 forex pairs, without the option for direct stock purchases on any exchange.
FXPrimus distinguishes itself by providing copy trading, where investors can mimic the trades of experienced traders, and access to cryptocurrency derivatives. Despite these features, when it comes to the overall range of investments, FinecoBank receives a superior rating of 4.5 stars compared to FXPrimus's 3.5 stars, according to ForexBrokers.com. Furthermore, FinecoBank ranks significantly higher, at #16, whereas FXPrimus ranks at #59 among 63 brokers in the Range of Investments category, highlighting FinecoBank's broader and more diverse investment options.
| Feature |
FinecoBank
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 140 |
| Forex Pairs (Total) | 54 | 42 |
| 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 FXPrimus, traders will find some key differences to consider. FinecoBank and FXPrimus both provide proprietary platforms accessible via Windows-based desktop downloads and web-based browsers. However, FXPrimus offers more flexibility with its access to popular platforms MetaTrader 4 and MetaTrader 5, which FinecoBank does not. Additionally, FXPrimus provides a free virtual demo account, making it easier for newcomers to practice trading without financial risk. While both brokers rate four stars for their trading platforms and tools, FinecoBank's offering is bolstered by a better ranking (#18) compared to FXPrimus (#49) among industry peers, despite its lack of MT4 and MT5 support.
FXPrimus takes the lead in providing advanced trading tools, such as copy trading, which FinecoBank does not offer. Furthermore, FXPrimus offers 15 drawing tools and the ability to trade directly from stock charts, making it an appealing choice for traders who prioritize technical analysis. FinecoBank falls behind with only seven drawing tools and no direct trading from charts. In terms of watch lists, FXPrimus delivers seven customizable fields, enhancing personalized trading experiences. Ultimately, while both brokers have similar star ratings for their platforms, the specific tools and features each provides could significantly sway a trader's choice depending on their trading style and needs.
| Feature |
FinecoBank
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 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.
Both FinecoBank and FXPrimus offer user-friendly mobile apps available on iPhone and Android devices, equipped with essential features like stock and forex price alerts. However, fine differences in functionalities may influence your choice. FinecoBank allows viewing different time frames for charts, but it falls short in providing tools to draw trendlines or the capability to sync watchlists between the app and online accounts. On the other hand, FXPrimus takes a leap forward in features by supporting 30 technical studies, allowing trendline drawings, and even saving these drawings. In addition, FXPrimus offers real-time watchlist creation, ensuring traders can monitor the market with minimal delay.
Despite the differences in features, both FinecoBank and FXPrimus receive a solid 4-star rating for mobile trading apps. FinecoBank stands slightly ahead, ranked #42 out of 63 brokers by ForexBrokers.com, while FXPrimus holds the #48 position. This slight edge in ranking may reflect FinecoBank's overall app user experience. Ultimately, your choice may hinge on which specific tools and functionalities resonate more with your trading style and needs. Whichever you choose, both apps give traders versatile, on-the-go access to the financial markets.
| Feature |
FinecoBank
|
FXPrimus
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, FinecoBank and FXPrimus offer a mixed set of features tailored to different trading needs. FinecoBank does not provide daily market commentary like FXPrimus does, which might appeal to traders looking for regular updates. However, FinecoBank balances this by offering forex news from reputable sources such as Bloomberg and Reuters, an advantage not available with FXPrimus. Both platforms provide economic calendars to track global financial events, but neither offers advanced tools like Autochartist or Trading Central analytics.
In terms of overall ratings, FinecoBank receives 4.0 stars for research, outranking FXPrimus which holds a 3-star rating. Among 63 brokers analyzed by ForexBrokers.com, FinecoBank is placed at #33, significantly higher than FXPrimus, which stands at #58. If you're prioritizing news from top-tier sources and a higher research rating, FinecoBank may better suit your needs, while FXPrimus might appeal if you value daily market commentary.
| Feature |
FinecoBank
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| 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 offerings for beginners at FinecoBank and FXPrimus, each presents unique strengths tailored to different learning preferences. FXPrimus provides a solid foundational experience for forex and CFD learners, offering over ten educational pieces like informative articles and engaging webinars. Meanwhile, FinecoBank focuses on delivering regular monthly webinars that cater to a range of trading topics, while not delivering the breadth of foundational forex and CFD educational content found with FXPrimus.
FinecoBank excels when it comes to accessible beginner resources with its dedicated library of over ten videos specifically crafted for newcomers. Additionally, it offers a comprehensive investor dictionary, supporting learners with over 50 key investing terms. While neither broker provides a robust selection of advanced educational videos, FinecoBank makes up for it with its higher education rating. Both brokers maintain monthly webinars, but FXPrimus distinguishes itself with a searchable webinar archive for more accessible learning. Ultimately, each broker brings distinct benefits, with FinecoBank's educational components earning slightly higher educational ratings and rankings than FXPrimus.
| Feature |
FinecoBank
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. FinecoBank finished with an overall rank of #25, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 71 |
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While FinecoBank does not offer the ability to buy actual or derivative cryptocurrencies, FXPrimus provides the option to purchase cryptocurrency derivatives, though neither offers the acquisition of actual delivered cryptocurrencies.
When comparing online brokers, FinecoBank provides ACH or SEPA transfers and bank wires for account transactions, whereas FXPrimus allows transactions via Skrill, Visa or Mastercard, and bank wires, but not ACH or SEPA transfers, with neither offering PayPal as a payment method.
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 | FXPrimus | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | FXPrimus | |
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| Regulation | FinecoBank | FXPrimus | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 1999 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FinecoBank | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 140 | |
| Forex Pairs (Total) | 54 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FinecoBank | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | FXPrimus | |
|---|---|---|---|
| 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 | FinecoBank | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FinecoBank | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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