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IC Markets vs Fineco 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IC Markets vs Fineco, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583
Fineco
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 9770

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.

Regulation

IC Markets, established in 2007, and Fineco, which has been around since 1999, offer intriguing differences when it comes to regulatory standing and market presence. While both brokers hold two Tier-1 licenses, signaling a high level of trust, their trust scores tell a story of distinction. Fineco, with a Trust Score of 94, is publicly traded and functions as a bank, granting it a layer of credibility and financial oversight that IC Markets—privately held with a score of 84—does not inherently possess. This additional layer of security makes Fineco a particularly appealing choice for those valuing transparency and financial stability.

Despite these differences, IC Markets offers a commendable level of trustworthiness with its own two Tier-1 licenses and remains a solid option within the trading community. Its status as a specialized broker without banking affiliations may appeal to traders looking for focused, expansive trading features. Ultimately, the choice between IC Markets and Fineco hinges on individual preferences regarding regulatory confidence, company transparency, and the additional benefits of bank-associated services that Fineco provides.

Feature IC Markets logoIC Markets
Fineco logoFineco
Year Founded info 2007 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 0

Fees

When it comes to commissions and fees, IC Markets stands out as a top choice for low-cost trading, particularly in the forex market. Offering three account types — a commission-free Standard account, and commission-based Raw Spread and cTrader Raw Spread accounts — IC Markets provides flexibility catering to different trading strategies. The Raw Spread accounts differ slightly in costs depending on the chosen platform; the cTrader account charges $3.0 per side per 100,000 units, totaling an effective spread of 0.62 pips for EUR/USD, whereas the MetaTrader accounts charge $3.5 per side per 100,000 units, with a total spread of 0.72 pips. IC Markets also offers discounts for those who trade over 100 standard lots monthly, making it highly appealing for active traders. With these competitive offerings, IC Markets garnered a 5-star rating and ranked 5th in the Commissions & Fees category among 63 brokers on ForexBrokers.com.

In contrast, Fineco does not disclose average spread data for its forex and CFD trading, making it challenging to evaluate its actual trading costs. The broker lists a spread of 1 pip for EUR/USD, which is higher compared to what many forex brokers typically offer. Additionally, Fineco publishes a spread of 0.8 pips, but no average values or corresponding dates are available for these figures. Despite this, Fineco may provide more favorable spreads on its index CFDs than those listed for forex, offering some competitive edge in that market. As a result, Fineco earned a 3.5-star rating and ranked 51st in the same Commissions & Fees category from ForexBrokers.com.

Feature IC Markets logoIC Markets
Fineco logoFineco
Minimum Deposit info $200 $0
Average Spread EUR/USD - Standard info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IC Markets and Fineco both provide a solid platform for forex trading, offering both CFD and spot contract options. However, IC Markets delivers access to 61 tradeable forex pairs, slightly more than Fineco's 54 pairs. When comparing the overall number of tradeable symbols, Fineco edges ahead with 9,770 symbols, significantly outnumbering the 3,583 available at IC Markets. Additionally, while both platforms allow trading of international exchange-listed securities like Vodafone, only Fineco enables purchasing U.S. exchange-traded securities such as Apple shares.

For those interested in derivative trading, IC Markets provides the ability to trade cryptocurrency derivatives, which Fineco does not offer. Furthermore, IC Markets includes a copy trading feature, allowing users to replicate successful trades, a service Fineco does not provide. Despite some differences, both brokers score similarly for their range of investments, each earning 4.5 stars. However, their ranking differs slightly, with Fineco rated at #16 and IC Markets at #25 out of 63 brokers by ForexBrokers.com.

Feature IC Markets logoIC Markets
Fineco logoFineco
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 9770
Forex Pairs (Total) info 61 54
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing the trading platforms and tools of IC Markets and Fineco, IC Markets stands out with its broader range of options for traders. IC Markets offers the advantage of a free virtual demo account, which is perfect for beginners looking to practice without financial risk. The broker provides access to MetaTrader 4 and 5, along with ZuluTrade and copy trading features, making it an appealing choice for those who value comprehensive trading capabilities. IC Markets also delivers a seamless experience with its Windows-based desktop and web-based platforms, and lets users trade directly from a stock chart for enhanced trading efficiency.

In contrast, Fineco provides a distinctive trading experience with its proprietary platform, developed in-house to suit various trading needs. While it lacks MetaTrader support and a demo account for simulated trading, Fineco ensures a reliable performance with its Windows-based desktop and web-based platforms. However, it falls short in advanced trading features like copy trading and ZuluTrade, which some traders might miss. Despite fewer drawing tools compared to IC Markets, Fineco maintains a solid reputation, with its trading platforms and tools section receiving a commendable four stars and a ranking of #18 among 63 brokers as per ForexBrokers.com.

Feature IC Markets logoIC Markets
Fineco logoFineco
Virtual Trading (Demo) info Yes No
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Charting - Indicators / Studies (Total) info 30 37
Charting - Drawing Tools (Total) info 15 7
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 7 N/A

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of IC Markets and Fineco, both brokers offer apps for iPhone and Android devices, and allow users to set up stock or forex price alerts. However, IC Markets stands out with its capability to include trendlines on charts, which Fineco's app does not support. Both apps provide options to view charts in various time frames like daily, weekly, or intraday. Additionally, IC Markets impresses with 30 technical studies available for charting, compared to just 6 offered by Fineco.

While both applications score 4 out of 5 stars for their mobile trading experience, IC Markets is ranked higher by ForexBrokers.com, coming in at position #22 out of 63 brokers, whereas Fineco ranks at #42. IC Markets also offers a superior experience with auto-saving of chart drawings and the ability to create a watchlist featuring real-time quotes, features that Fineco's app currently lacks. It's important to note that neither broker supports syncing watchlists across platforms. Overall, IC Markets offers a more feature-rich mobile app experience compared to Fineco.

Feature IC Markets logoIC Markets
Fineco logoFineco
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

When comparing the market research offerings of IC Markets and Fineco, IC Markets has the edge in several key areas. IC Markets provides daily market commentary to keep traders informed, while Fineco does not offer such updates. Both brokers present forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay current with global developments. However, IC Markets stands out by providing tools from companies like Autochartist and Trading Central, which assist in both technical and fundamental analysis. Fineco does not offer these advanced research tools. Furthermore, IC Markets offers a sentiment-based trading tool that displays the ratio of long to short positions across various instruments, a feature that Fineco lacks.

Both IC Markets and Fineco offer an economic calendar highlighting important global news events. Despite IC Markets' broader range of research tools, both brokers are rated 4 stars for research. According to ForexBrokers.com, IC Markets secures the 23rd spot in research rankings out of 63 brokers, while Fineco ranks slightly lower at 33rd. Each platform offers different strengths, allowing traders to choose based on their specific needs and preferences.

Feature IC Markets logoIC Markets
Fineco logoFineco
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, IC Markets and Fineco each have their own unique strengths. IC Markets shines in providing a wide array of education centered on forex and CFDs, offering over ten educational pieces like articles and videos, and maintaining an archive of past webinars that can be accessed easily. Fineco, on the other hand, does not meet this specific threshold of educational content in forex and CFDs, and lacks a searchable archive of client webinars. Both platforms, however, facilitate regular monthly educational webinars for clients and supply over ten beginner-friendly video resources on trading topics.

IC Markets also caters to advanced traders by offering more than ten educational videos that delve into topics for those with more experience in trading. In contrast, Fineco focuses predominantly on beginner education and does not provide a comparable number of advanced video resources. Both brokers include an investor dictionary with definitions for over fifty investing terms. Despite their varied approaches to education, both IC Markets and Fineco have achieved a 4-star rating for education; however, IC Markets ranks significantly higher in the education category with ForexBrokers.com, coming in at #16 compared to Fineco's #49.

Feature IC Markets logoIC Markets
Fineco logoFineco
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IC Markets is better than Fineco. IC Markets finished with an overall rank of #20, while Fineco finished with an overall rank of #25.

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Feature IC Markets logoIC Markets
Fineco logoFineco
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 84 94
Range of Investments 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.0/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or Fineco?

While both IC Markets and Fineco do not offer the ability to buy actual delivered cryptocurrency, IC Markets provides the option to trade cryptocurrency derivatives, whereas Fineco does not.

What funding options does each broker offer?

In a comparison between online brokers, IC Markets allows account deposits and withdrawals via PayPal, Skrill, Visa or Mastercard, and bank wires, but does not offer ACH or SEPA transfers, whereas Fineco provides ACH or SEPA transfers and bank wires, yet lacks PayPal, Skrill, and Visa or Mastercard options.




announcementPlease 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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Compare

0 of 5
Overall Rating IC Markets Fineco
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.0/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 94
Winner check_circle
Review IC Markets Review Fineco Review
Broker Screenshots IC Markets Fineco
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation IC Markets Fineco
Trust Score info 84 94
Year Founded info 2007 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 0
Tier-1 Licenses (Highly Trusted) IC Markets Fineco
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) IC Markets Fineco
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments IC Markets Fineco
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 9770
Forex Pairs (Total) info 61 54
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 IC Markets Fineco
Average Spread EUR/USD - Standard info 0.62 info N/A info
All-in Cost EUR/USD - Active info 0.62 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes No
Funding IC Markets Fineco
Minimum Deposit info $200 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms IC Markets Fineco
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Trading Tools IC Markets Fineco
Virtual Trading (Demo) info Yes No
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 7 N/A
Charting - Indicators / Studies (Total) info 30 37
Charting - Drawing Tools (Total) info 15 7
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading IC Markets Fineco
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes No
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research IC Markets Fineco
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education IC Markets Fineco
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs IC Markets Fineco
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review IC Markets Review Fineco Review
Overall IC Markets Fineco
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.0/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 94
Winner check_circle
Review IC Markets Review Fineco Review
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