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 apparent that potential traders may find assessing FinecoBank's costs challenging due to its lack of published average spread data for forex and CFD trading. FinecoBank lists a 1 pip spread for EUR/USD and mentions a spread of 0.8 pips; however, these figures are not marked as average values nor associated with any specific date range. Despite this uncertainty, FinecoBank seems to offer competitive spreads for index CFDs, but overall, this lack of transparent information may leave traders seeking more clarity.
Conversely, FXPrimus also does not provide average spread data, which could hinder some traders from fully evaluating its cost structure. However, its commission and fees have been rated more favorably than FinecoBank, suggesting that FXPrimus maintains more competitive pricing across its trading services.
In terms of ranking and ratings, FinecoBank earns a 3.5-star rating out of 5 for commissions and fees, placing it at a rank of 50 out of 62 brokers as assessed by ForexBrokers.com. Meanwhile, FXPrimus receives a higher rating of 4 stars and is ranked 42nd in the same category. This suggests that FXPrimus may offer a more appealing fee structure compared to FinecoBank in the eyes of some traders.
| 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.
When comparing FinecoBank and FXPrimus for their range of investments, FinecoBank stands out with a significantly larger selection. FinecoBank provides access to 9,770 tradeable symbols, including 54 forex pairs, positioning itself as a versatile platform for traders. The ability to trade exchange-traded securities on both U.S. and international markets, such as Apple and Vodafone shares, adds depth to its offerings. Although FinecoBank does not support copy trading or cryptocurrency investing, its broad array of investment options earned it a commendable 4.5-star rating for Range of Investments and a rank of 16 out of 62 brokers on ForexBrokers.com.
FXPrimus offers a more limited range with 140 tradeable symbols and 42 forex pairs. Unlike FinecoBank, it does not provide access to exchange-traded securities on U.S. or international exchanges, which could be a drawback for investors seeking a wider portfolio. However, FXPrimus does offer copy trading and cryptocurrency derivatives, catering to specific trading strategies. Despite these features, its narrower range results in a lower 3.5-star rating for Range of Investments and a rank of 59 out of 62 brokers according to ForexBrokers.com.
| 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, several differences come to light that can influence a trader's decision. FinecoBank offers a proprietary platform developed in-house, with options for a Windows-based desktop download and a web-based trading platform. However, it lacks key features like a virtual demo account for simulated trading and doesn't support popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). FinecoBank also does not support copy trading and offers limited drawing tools for charting. Despite these gaps, it holds a commendable rating of 4 stars and ranks 18th out of 62 brokers for trading platforms and tools.
On the other hand, FXPrimus provides a comprehensive suite of trading tools, featuring a proprietary platform with Windows and web-based access and support for MT4 and MT5. It also offers a free virtual demo account, making it an attractive choice for beginners. Moreover, FXPrimus supports copy trading, allows trading directly from stock charts, and offers an expansive array of drawing tools for charting. Although FXPrimus is rated 4 stars, its features suggest a broader appeal for both novice and experienced traders, despite ranking 49th out of 62 brokers in the trading platforms and tools category.
| 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 mobile trading apps compatible with iOS and Android devices, allowing users to track and trade stocks and forex on the go. While each platform provides essential features like price alerts and the ability to view different time frames on charts, there are noteworthy differences in their functionalities. FinecoBank's mobile app supports six technical studies, while FXPrimus offers a more comprehensive suite of 30 technical studies, making it a better option for traders who rely heavily on chart analysis. Only FXPrimus allows users to draw trendlines on charts and auto-save these drawings, adding another layer of convenience for technical analysis enthusiasts.
When it comes to personalized trading experiences, FXPrimus stands out by offering real-time quotes in user-created watchlists, a feature not available with FinecoBank. Both apps have a four-star rating for user satisfaction; however, FinecoBank ranks slightly higher at #42 compared to FXPrimus's #48 in the Mobile Trading Apps category according to ForexBrokers.com. While both apps have their strengths, the choice between them will depend on whether you prioritize advanced charting tools and real-time data synchronization, in which case FXPrimus may be more appealing.
| 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.
In the realm of online brokerage services, FinecoBank and FXPrimus offer distinct features for investors seeking market insights. FinecoBank provides forex news from esteemed sources like Bloomberg and Reuters, delivering quality information crucial for informed trading decisions. Conversely, FXPrimus supplements traders' needs with daily market commentary, a feature FinecoBank lacks. Both brokers equip users with an economic calendar to keep track of significant global events, although they do not offer a variety of advanced tools such as those from Autochartist, Trading Central, or sentiment-based trading tools.
While FinecoBank receives a higher research rating of 4.0 stars compared to FXPrimus's 3 stars, this reflects the quality of available information. Furthermore, FinecoBank is recognized as the 33rd broker for research by ForexBrokers.com, outperforming FXPrimus, which is ranked 58th among 62 brokers. These distinctions highlight FinecoBank's emphasis on providing premium research resources, contrasting with FXPrimus's focus on consistent market commentary updates.
| 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 it comes to educational resources for beginners, FinecoBank and FXPrimus each have their strengths. FinecoBank offers a variety of beginner-friendly videos, with over ten specifically designed to help novices understand trading topics. This broker also provides an investor dictionary featuring more than 50 investing terms, which can be an invaluable resource for those just starting. FinecoBank holds monthly client webinars, yet it lacks a searchable archive of these sessions, and doesn't focus significantly on forex or CFDs education with fewer than ten specific pieces dedicated to these topics.
FXPrimus, on the other hand, excels in offering a wide range of educational resources focused on forex and CFDs. With a collection of over ten articles, videos, and archived webinars in this area, beginners can dive deeper into these subjects. Additionally, FXPrimus hosts monthly online webinars and maintains a searchable archive of past sessions, making it easier for learners to catch up at their own pace. However, FXPrimus lacks beginner-focused educational videos and does not provide an extensive investor dictionary. FinecoBank is rated slightly higher for education with a 4-star rating, compared to FXPrimus's 3-star rating. Overall, while FinecoBank ranks higher in educational resources, FXPrimus offers strong support in specific areas of interest like forex and CFDs.
| 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 62 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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