Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs IFC Markets, 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, established in 1999, stands out in the online brokerage world with its high Trust Score of 94 out of 99, reflecting its solid reputation in finance. As a publicly traded bank, FinecoBank holds two Tier-1 licenses, highlighting its status as a highly trusted entity. These licenses offer assurance to traders and investors, signifying strict oversight and adherence to top regulatory standards. This foundation contributes to FinecoBank maintaining a credible and secure trading environment for its users.
In contrast, IFC Markets, founded in 2006, holds a Trust Score of 73, indicating an average risk level. As a non-publicly traded brokerage that isn’t classified as a bank, IFC Markets carries no Tier-1 licenses but does have one Tier-2 license, showing some degree of trusted brokerage operations. While it may appeal to certain traders, its regulatory stance and trust rating suggest a more cautious approach may be needed when engaging with this platform.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Year Founded | 1999 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of FinecoBank and IFC Markets, both online brokers offer unique financial structures, yet there are notable differences. FinecoBank does not provide average spread data for forex and CFD trading, making its real trading costs somewhat challenging to determine. It displays a spread of 1 pip for EUR/USD, which is higher than what most forex brokers offer. They also list a spread of 0.8 pips, but without indication if this is an average value, adding to the uncertainty for potential traders. Despite these drawbacks, Fineco appears to offer lower spreads for its index CFDs.
In contrast, IFC Markets provides more transparency in their fee structures. The average spread for EUR/USD stands at 1.44 pips, which is above the industry norm of 1.08, potentially making it less appealing for some traders. However, those who engage in frequent trading can benefit from more favorable rates with IFC Market's ECN account, where the effective spread is reduced to 1.1 pips after considering the 0.005% commission per trade side. Furthermore, the absence of inactivity fees and availability of active trader discounts add a layer of financial advantage.
In terms of ratings and rankings, FinecoBank earns 3.5 out of 5 stars for commissions and fees, placing it at #51 out of 63 brokers according to ForexBrokers.com. Meanwhile, IFC Markets outperforms with a 4-star rating, ranking at #39, reflecting its competitive edge in offering more structured and potentially cost-effective trading options.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $0 | $1 |
| Average Spread EUR/USD - Standard | N/A | 1.44 |
| All-in Cost EUR/USD - Active | N/A | 1.1 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| 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 it comes to online trading platforms, FinecoBank and IFC Markets each present a different set of options for investors. FinecoBank impresses with a wide variety of 9,770 tradeable symbols, including 54 forex pairs. This extensive offering stands in contrast to IFC Markets, which provides access to 630 symbols and 49 forex pairs. FinecoBank shines further by allowing clients to directly purchase exchange-traded securities on both U.S. and international exchanges, offering a chance to invest in well-known companies like Apple and Vodafone. In comparison, IFC Markets does not facilitate purchasing U.S. exchange-traded securities, but does allow international options.
For investors looking for more complex trading features, IFC Markets offers a slight edge with its copy trading option and the ability to trade cryptocurrency derivatives. FinecoBank does not support copy trading or cryptocurrency trading in any form. Despite these differences, FinecoBank scores higher overall for its range of investments, earning a rating of 4.5 stars and placing 16th out of 63 brokers in this category. IFC Markets, ranking 43rd, garners a 3.5-star rating, highlighting the broader appeal and comprehensive investment opportunities available through FinecoBank.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 630 |
| Forex Pairs (Total) | 54 | 49 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
FinecoBank and IFC Markets both deliver strong trading platforms designed to cater to different trader needs. FinecoBank's proprietary platform is available across Windows and web, but lacks a virtual demo account for simulated trading. While it does not support MetaTrader platforms, it features a selection of seven drawing tools for charting. However, FinecoBank does not provide copy trading options nor functionality to trade directly from stock charts. Overall, it receives a four-star rating for its trading platforms and tools, ranked 18th out of 63 brokers by ForexBrokers.com.
In contrast, IFC Markets offers a comprehensive trading experience with its proprietary platform available on both Windows and web, plus the added advantage of MetaTrader 4 and MetaTrader 5 support. Traders can explore a free virtual demo account, with the option to engage in copy trading. The platform also facilitates direct trading from stock charts and boasts 15 drawing tools for detailed chart analysis. With these features, IFC Markets shares the same four-star rating for its trading platforms, though it ranks 36th out of 63 brokers on ForexBrokers.com.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| 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.
When comparing the mobile trading apps of FinecoBank and IFC Markets, both brokers offer compatibility with iPhone and Android devices, as well as providing stock and forex price alerts. However, IFC Markets stands out with its ability to sync watchlists across platforms, meaning changes you make on your mobile app are reflected in your online account. In contrast, FinecoBank doesn’t offer this syncing feature. Additionally, IFC Markets impresses with 30 technical studies in its app's charting tools compared to just 6 studies available on FinecoBank’s app. IFC Markets also allows you to draw trendlines and automatically saves these drawings, a feature not available with FinecoBank. Both brokers support viewing charts in various time frames, ensuring users can examine data over their preferred periods.
Despite IFC Markets' broader range of technical features, FinecoBank and IFC Markets are each rated 4 stars for their mobile trading platforms. FinecoBank is ranked higher by ForexBrokers.com, occupying the 42nd position out of 63 brokers, while IFC Markets is positioned at 52nd. While FinecoBank does not offer watchlists with real-time quotes through its mobile interface, IFC Markets users can create these lists. For traders who prioritize extensive charting tools and syncing capability, IFC Markets presents a more feature-rich option, whereas FinecoBank’s platform may appeal to those who value a moderately higher industry ranking.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| 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 market research offerings, FinecoBank and IFC Markets each cater to different trader needs. FinecoBank effectively delivers forex news from renowned sources like Bloomberg and Reuters, providing insightful updates from top-tier platforms. Its strength is highlighted by a complete economic calendar that keeps users informed on major global events. In contrast, IFC Markets does not support news from similar top-tier sources but compensates with daily market commentary and a sentiment-based trading tool, offering valuable insights into currency pair positions.
Regarding ratings, FinecoBank earns slightly higher marks in research, with a 4.0-star rating compared to IFC Markets' 3.5-star score. FinecoBank enjoys better recognition, ranking 33rd out of 63 brokers according to ForexBrokers.com, while IFC Markets holds the 40th position. While neither broker incorporates additional technical analysis tools from firms like Autochartist or Trading Central, traders can confidently choose based on their preference for comprehensive news coverage or market sentiment tools.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| 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 | 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 offerings of FinecoBank and IFC Markets, beginners will notice some key differences. FinecoBank doesn't provide a wide array of resources focused specifically on forex and CFDs, falling short of delivering the minimum 10 pieces, such as articles or videos. However, they do host a monthly educational webinar, which is helpful for continuous learning. In addition, FinecoBank offers beginner-friendly videos on trading topics, ensuring newcomers can build a strong foundation. They also provide an investor dictionary with over 50 terms, which can be a great tool for getting familiar with investing jargon.
On the other hand, IFC Markets provides a comprehensive set of educational resources specifically focused on forex and CFDs, which could be highly beneficial for those keen on these areas. Although they don't offer regular educational webinars or archived sessions, they match FinecoBank in providing beginner educational videos and an investor dictionary. Furthermore, IFC Markets extends its resources to include advanced trading videos, catering to more experienced traders. While both brokers have their strengths, FinecoBank is rated slightly higher for education overall, with a 4.0 star rating compared to IFC Markets' 3.5 stars, but IFC Markets ranks better in the education category according to ForexBrokers.com.
| Feature |
FinecoBank
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 FinecoBank is better than IFC Markets. FinecoBank finished with an overall rank of #25, while IFC Markets finished with an overall rank of #45.
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
|
IFC Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 73 |
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In comparing FinecoBank and IFC Markets, it is notable that while neither platform enables the purchase of actual cryptocurrency, IFC Markets distinguishes itself by offering the option to trade cryptocurrency derivatives, a feature that FinecoBank does not provide.
FinecoBank and IFC Markets both support bank wire transfers for deposits and withdrawals, but FinecoBank uniquely offers ACH or SEPA transfers, while neither provides PayPal or Skrill as options; however, IFC Markets stands out by accommodating Visa and Mastercard transactions, unlike FinecoBank.
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 | IFC Markets | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | IFC Markets | |
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| Regulation | FinecoBank | IFC Markets | |
|---|---|---|---|
| Trust Score | 94 | 73 | |
| Year Founded | 1999 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | FinecoBank | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 630 | |
| Forex Pairs (Total) | 54 | 49 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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). |
| Cost | FinecoBank | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | 1.1 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $1 | |
| 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 | No |
| Trading Platforms | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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