Written by ForexBrokers.com
In this head to head comparison of Fineco vs iFOREX, 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.
Fineco and iFOREX are two seasoned players in the realm of online brokerage, founded in 1999 and 1996 respectively. Fineco stands out as it is publicly traded and operates as a bank, offering an additional sense of security for investors. In contrast, iFOREX is a private entity and does not hold bank status. Evaluating their regulatory credentials, Fineco impresses with two Tier-1 licenses, which are highly trusted, whereas iFOREX holds just one Tier-1 license. They both lack Tier-2 licenses, suggesting iFOREX's trust level is further accentuated by Fineco’s superior regulatory standing.
Trust is a crucial factor when choosing a broker, and according to ForexBrokers.com, Fineco earns a stellar Trust Score of 94 out of 99, placing it in the highly trusted category. On the other hand, iFOREX scores 75, indicating an average risk level. These scores highlight the substantial difference in trust ratings between the two, with Fineco's public trading status and banking operations further enhancing its appeal to investors seeking reliable and secure brokerage services.
| Feature |
Fineco
|
iFOREX
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| 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 it comes to analyzing the commissions and fees of online brokers Fineco and iFOREX, neither provides clear average spread data for forex and CFD trading. Fineco lists its spread for the EUR/USD at 1 pip, with an alternative spread of 0.8 pips. However, neither figure is presented as an average, and there is no indication of the time period these spreads cover, making it challenging to gauge the actual costs. Nevertheless, Fineco seems to offer competitive spreads for its index CFDs. On the other hand, iFOREX also does not provide average spread data, leaving potential traders with little insight into expected costs.
In terms of commissions and fees, Fineco receives a rating of 3.5 out of 5 stars. It ranks #51 out of 63 brokers according to ForexBrokers.com. Meanwhile, iFOREX is given a slightly lower rating of 3 out of 5 stars and ranks #61 in the same category. These ratings and rankings suggest that while both brokers have room for improvement, Fineco edges out iFOREX in terms of perceived cost-effectiveness.
Ultimately, both Fineco and iFOREX fall short of providing transparent trading cost information, especially regarding average spread data for forex and CFD trading. Potential users might want to consider these factors, along with Fineco's slightly better rating and higher ranking, when deciding which broker may better suit their trading needs.
| Feature |
Fineco
|
iFOREX
|
|---|---|---|
| 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 | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Fineco offers a staggering selection of 9770 tradeable symbols, including a wide array of U.S. and international exchange-traded securities, allowing investors to directly purchase stocks such as Apple and Vodafone. In the forex market, Fineco provides access to 54 forex pairs, all available as CFDs or spot contracts. However, it does not currently support copy trading or cryptocurrency derivatives. Its expansive range of investments earns it an impressive 4.5-star rating and ranks it at #16 in the Range of Investments category according to ForexBrokers.com.
In contrast, iFOREX presents a more limited but focused range of 750 tradeable symbols. While it supports 88 forex pairs, available as CFDs or spot contracts, and offers cryptocurrency derivatives, it doesn't provide options for purchasing direct exchange-traded securities from U.S. or international markets. Similar to Fineco, iFOREX does not offer copy trading. With these offerings, iFOREX receives a 3.5-star rating and is positioned at #41 in the Range of Investments category by ForexBrokers.com.
| Feature |
Fineco
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 750 |
| Forex Pairs (Total) | 54 | 88 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| 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 online brokers Fineco and iFOREX, each offers unique features tailored for traders who are familiar with their own trading platforms. Fineco provides a proprietary platform that can be downloaded on Windows-based desktops and offers a web-based option for browser trading. However, it does not support simulated trading and copy trading features. iFOREX also provides its own proprietary trading tools accessible through a web-based platform, but lacks a downloadable desktop option. Notably, neither broker supports popular tools like MetaTrader 4 or MetaTrader 5. Both have garnered a 4-star rating for their trading platforms and tools, though Fineco ranks higher at #18 compared to iFOREX, which is ranked #54 among 63 brokers by ForexBrokers.com.
Charting and analysis tools show distinct variations between the two. Fineco offers seven drawing tools for charting, while iFOREX provides a wider range with 25 drawing options, allowing for more comprehensive market analysis. Moreover, iFOREX offers the convenience of trading directly from a stock chart, along with nine fields for customizing watch lists, adding flexibility for active traders. While both platforms have their strengths, their differences in charting tools and direct trading capabilities might influence a trader's choice depending on their individual needs and preferences.
| Feature |
Fineco
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | No | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 57 |
| Charting - Drawing Tools (Total) | 7 | 25 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Fineco and iFOREX, both offer applications compatible with iPhone and Android devices, catering to traders on the go. Fineco provides users with essential features like stock or forex price alerts and multiple time frame views for chart analysis. With six technical studies available, Fineco's app assists traders in making informed decisions, despite the absence of advanced features such as trendline drawing or watchlist symbol syncing. Meanwhile, iFOREX's mobile app lacks price alerts and comprehensive charting tools but still provides a basic platform for trading activities.
While neither app supports trendline drawing, auto-saving of chart drawings, or real-time watchlists, both are rated with a respectable four stars. However, Fineco takes a slight lead in the rankings, securing the 42nd spot out of 63 brokers, compared to iFOREX's position at number 55, according to ForexBrokers.com. This distinction suggests that Fineco may offer a slightly more feature-rich experience, despite similar star ratings. Traders looking for specific mobile features may prefer Fineco for its alerts and diverse charting time frames. However, iFOREX remains a viable option for those looking for a straightforward trading app experience.
| Feature |
Fineco
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | N/A |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | No |
Dive deeper: Best Forex Trading Apps.
When comparing Fineco and iFOREX in terms of market research offerings, each broker presents unique strengths. iFOREX stands out with daily market commentary, providing traders with fresh insights every day. However, when it comes to forex news, Fineco holds an advantage by offering updates from top-tier sources like Bloomberg and Reuters, ensuring access to credible and comprehensive financial information. While both brokers lack Autochartist tools, iFOREX benefits from Trading Central features, offering traders technical analysis not available with Fineco. Additionally, iFOREX provides a sentiment-based tool for better understanding market trends, which is absent at Fineco. Both brokers feature an economic calendar, assisting users in keeping track of global events.
Fineco slightly edges out iFOREX with a 4.0-star rating for research compared to iFOREX's 3.5 stars. In the ForexBrokers.com rankings, Fineco is positioned at #33, outperforming iFOREX, which is ranked at #48 among 63 brokers. This follows from Fineco's superior forex news resources, though iFOREX compensates with technical analysis tools from Trading Central and sentiment insights. Selecting between the two will depend on whether a trader prioritizes daily commentary and sentiment analysis over top-tier news coverage and higher overall ratings.
| Feature |
Fineco
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| 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 it comes to educational resources for beginners, Fineco and iFOREX each offer different levels of support. Fineco provides a range of beginner educational videos, helping novices grasp essential trading topics. Additionally, Fineco hosts monthly online educational webinars to further enhance learning opportunities. The broker also offers an investor dictionary with definitions for over 50 investment terms, serving as a useful reference for those new to trading. In terms of education, Fineco is rated with 4.0 stars and holds a ranking of #49 out of 63 brokers by ForexBrokers.com.
In comparison, iFOREX also offers a suite of beginner educational videos, ensuring newcomers have access to fundamental knowledge. However, iFOREX does not host monthly webinars or provide a dictionary of investment terms, which may limit the breadth of educational content available to users. For education, iFOREX receives a slightly lower rating of 3.5 stars and is ranked #53 out of 63 brokers by ForexBrokers.com. For those weighing the educational support offered by these brokers, Fineco appears to provide a more comprehensive package for beginners looking to get started in forex or CFD trading.
| Feature |
Fineco
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 Fineco is better than iFOREX. Fineco finished with an overall rank of #25, while iFOREX finished with an overall rank of #52.
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 |
Fineco
|
iFOREX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 75 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
While both Fineco and iFOREX do not provide options for purchasing actual delivered cryptocurrencies, iFOREX stands out by offering the ability to buy cryptocurrency derivatives, unlike Fineco.
Fineco allows account funding through ACH, SEPA transfers, and bank wires, while iFOREX enables deposits and withdrawals via PayPal, Skrill, Visa, Mastercard, and bank wires, highlighting a key distinction in their transfer options.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Fineco | iFOREX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 75 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | iFOREX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Fineco | iFOREX | |
|---|---|---|---|
| Trust Score | 94 | 75 | |
| Year Founded | 1999 | 1996 | |
| 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) | Fineco | iFOREX | |
|---|---|---|---|
| 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 | Yes | |
| 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) | Fineco | iFOREX | |
|---|---|---|---|
| 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 | Fineco | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 750 | |
| Forex Pairs (Total) | 54 | 88 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| 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 | Fineco | iFOREX | |
|---|---|---|---|
| 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 | Fineco | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | Fineco | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | No | |
| Alerts - Basic Fields | No | No | |
| Watchlists - Total Fields | N/A | 9 | |
| Charting - Indicators / Studies (Total) | 37 | 57 | |
| Charting - Drawing Tools (Total) | 7 | 25 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Fineco | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | No | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | N/A | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Fineco | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Fineco | iFOREX | |
|---|---|---|---|
| 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 | Fineco Review |
| Overall | Fineco | iFOREX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 75 | |
| Winner | check_circle | ||
| Review | Fineco Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
