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IC Markets vs Fineco 2021

Is Fineco better than IC Markets? In our analysis of 23 international regulators across 39 brokers, IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature IC Markets Fineco
Overall 4.5 4
Commissions & Fees 5 3.5
Offering of Investments 4.5 4.5
Platforms & Tools 4 4
Mobile Trading Apps 4 3.5
Research 3.5 4
Education 4 3.5
Trust Score 86 92
IC Markets Review Fineco Review
74-89% of retail CFD accounts lose money 65.11% of retail CFD accounts lose money
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Regulation

Feature IC Markets Fineco
Trust Score 86 92
Year Founded
2007 1999
Publicly Traded (Listed)
No Yes
Bank
No Yes
Tier-1 Licenses
1 2
Tier-2 Licenses
1 0
Tier-3 Licenses
1 0
Authorised in the European Union
No Yes

Tier-1 Licenses (High Trust)

Feature IC Markets Fineco
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Tier-2 Licenses (Average Trust)

Feature IC Markets Fineco
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes No
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature IC Markets Fineco
SCB Authorised (Bahamas) Yes No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature IC Markets Fineco
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
3583 126
Forex Pairs (Total)
61 54
US Stock Trading (Non CFD)
No Yes
Int'l Stock Trading (Non CFD)
No Yes
Social Trading / Copy-Trading
Yes No
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes No
Crypto Disclaimer (UK) 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

Feature IC Markets Fineco
Average Spread EUR/USD - Standard
0.62 (August 2021) N/A
All-in Cost EUR/USD - Active
0.62 (August 2021) N/A
Active Trader or VIP Discounts
Yes No
Execution: Agency Broker
Yes No
Execution: Market Maker
Yes No

Funding

Feature IC Markets Fineco
Minimum Deposit
$200 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

Feature IC Markets Fineco
Proprietary Platform
No Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
Yes No
cTrader
Yes No
DupliTrade
No No
ZuluTrade
Yes No

Trading Tools

Feature IC Markets Fineco
Virtual Trading (Demo)
Yes No
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
7
Charting - Indicators / Studies (Total)
30 90
Charting - Drawing Tools (Total)
15 N/A
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No

Mobile Trading

Feature IC Markets Fineco
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
30 N/A
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
Yes No

Research

Feature IC Markets Fineco
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
Yes No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes No

Education

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

Major Forex Pairs

Feature IC Markets Fineco
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

Overall

Feature IC Markets Fineco
Overall 4.5 4
Commissions & Fees 5 3.5
Offering of Investments 4.5 4.5
Platforms & Tools 4 4
Mobile Trading Apps 4 3.5
Research 3.5 4
Education 4 3.5
Trust Score 86 92
IC Markets Review Fineco Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Fineco vs IC Markets.

Does Fineco or IC Markets offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.

Is Fineco or IC Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Fineco holds 2 global Tier-1 licenses, while IC Markets holds 1. IC Markets holds 1 global Tier-2 licenses, while Fineco holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco earned a higher Trust Score than IC Markets.

Which trading platform is better: Fineco or IC Markets?
To compare the trading platforms of both Fineco and IC Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco offers a better experience. With research, Fineco offers superior market research. Finally, we found IC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While IC Markets offers copy trading, Fineco does not. IC Markets offers MetaTrader 4 (MT4), while Fineco does not.

How many forex pairs and CFDs are available to trade?
IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to Fineco's 54 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while Fineco has 126 available CFDs, a difference of 3,457.

Can I trust Fineco?

Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Is Fineco good?
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.

Is IC Markets good?
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.

Overall winner: IC Markets

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