Written by ForexBrokers.com
In this head to head comparison of IG vs FinecoBank, 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.
IG and FinecoBank are both well-established in the financial world, with IG founded in 1974 and FinecoBank in 1999. Both institutions are publicly traded companies and operate as banks. When it comes to trustworthiness, IG stands out with an impressive Trust Score rating of 99 out of 99, given by ForexBrokers.com. This rating indicates that IG is highly trusted, boosted by its possession of eight Tier-1 licenses and two Tier-2 licenses, which signal a strong regulatory standing.
Meanwhile, FinecoBank also enjoys a solid reputation, holding a trust score of 94. As a comparison, FinecoBank holds two Tier-1 licenses but lacks Tier-2 licenses, which still places it in a trusted category. Both brokers are well-regulated, but IG's broader regulatory coverage with more Tier-1 licenses provides an extra layer of assurance to its clients.
| Feature |
IG
|
FinecoBank
|
|---|---|---|
| Year Founded | 1974 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 8 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing IG and FinecoBank on commissions and fees, IG stands out with its competitive pricing specifically designed for active traders. It offers multiple execution methods, including the Forex Direct accounts, which cater to traders executing large orders. In July 2023, the average spread for IG's Forex Direct account was 0.62 pips with an all-inclusive cost of 0.82 pips, factoring in a per-trade commission. For traders in the CFD accounts, spreads averaged 0.98 pips globally. IG further attracts volume traders with its rebate program, offering up to 20% spread rebates for qualifying professionals. With a 5-star rating and an impressive #8 ranking out of 63 brokers on ForexBrokers.com, IG is a top choice for those seeking cost-efficient trading.
Conversely, FinecoBank’s lack of published average spread data on forex and CFD trading makes it challenging to fully evaluate its trading costs. Fineco does list a 1-pip spread for the EUR/USD, but this is generally higher than what most forex brokers offer. While lower spreads might be available for index CFDs, the absence of average value listings and date ranges adds uncertainty to its pricing transparency. On the commissions and fees front, FinecoBank received a 3.5-star rating and is ranked #51 among 63 brokers according to ForexBrokers.com, positioning it as a less favorable choice for cost-conscious traders.
| Feature |
IG
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | £250.00 | $0 |
| Average Spread EUR/USD - Standard | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing IG and FinecoBank, both platforms offer forex trading as CFDs, but IG provides a wider selection with 97 tradeable forex pairs compared to FinecoBank's 54. IG also stands out with a significantly larger total of 19,537 tradeable symbols, offering greater diversity to investors. Both brokers allow clients to buy exchange-traded securities on major U.S. and international exchanges, enabling access to popular stocks like Apple and Vodafone. However, IG offers a unique edge by allowing users to purchase actual cryptocurrencies, while FinecoBank does not provide this option. Additionally, IG gives its clients the opportunity to invest in cryptocurrency derivatives, further expanding its investment offerings beyond traditional markets.
In terms of overall investment variety, IG is lauded with a five-star rating for its range of investments, slightly outperforming FinecoBank's respectable 4.5-star rating. Recognizing the comprehensive investment options, IG secures the 4th position in the Range of Investments category by ForexBrokers.com, while FinecoBank is ranked 16th. Although neither platform offers copy trading, IG clearly sets itself apart with its expansive range of trading opportunities and innovative product selections, catering to diverse investor needs.
| Feature |
IG
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 9770 |
| Forex Pairs (Total) | 97 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools offered by IG and FinecoBank, several key differences stand out. IG provides a comprehensive experience with a free virtual demo account, which is a crucial feature for traders who want to practice their strategies without financial risk. Both brokers offer proprietary platforms and support for web-based and Windows desktop platforms. However, IG supports the widely popular MetaTrader 4, which FinecoBank does not. While neither broker offers copy trading or supports MetaTrader 5, DupliTrade, or ZuluTrade, IG edges ahead in terms of charting tools, offering 20 drawing tools compared to FinecoBank's seven, alongside the ability to trade directly from stock charts—a feature FinecoBank does not provide.
The user experience on both platforms is notable, yet IG's trading platform is highly rated at five stars and holds a ranking of #2 out of 63 brokers in the Trading Platforms and Tools category according to ForexBrokers.com. FinecoBank is slightly behind with a four-star rating and an 18th place ranking. While both brokers deliver strong proprietary platforms, IG's additional features, such as the virtual demo account and broader charting capabilities, give it a competitive edge for those seeking a comprehensive trading toolset.
| Feature |
IG
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 37 |
| Charting - Drawing Tools (Total) | 20 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 5 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of IG and FinecoBank, both platforms offer availability on iPhone and Android, ensuring traders can access their accounts on the go. Both apps also provide vital price alerts for stock and forex, but IG takes the lead with enhanced features that offer a more integrated experience. For instance, IG's app supports watchlist symbol syncing with online accounts, a feature FinecoBank lacks. This enables users to see consistent information across devices. Additionally, IG offers 33 technical studies for charting in contrast to FinecoBank's 6, giving traders more tools to analyze market trends.
IG further extends its advantage with the capability to draw trendlines and save drawings on charts, providing a flexible technical analysis experience that FinecoBank does not offer. While both apps allow viewing different timeframes on charts, IG enhances the trading experience by supporting the creation of watchlists with real-time quotes. This breadth of features contributes to IG's top rating of 5 stars and its #1 ranking for mobile trading apps out of 63 brokers on ForexBrokers.com. In comparison, FinecoBank receives a respectable 4-star rating but ranks at #42, highlighting IG's superior mobile trading environment.
| Feature |
IG
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of IG and FinecoBank, both platforms provide valuable resources to traders, though IG stands out in several areas. IG excels by providing daily market commentary, which FinecoBank lacks, offering traders timely insights into market movements. Both IG and FinecoBank deliver forex news from respected sources like Bloomberg, Reuters, and Dow Jones, ensuring traders have access to high-quality information. However, IG offers additional analytic tools from Autochartist, along with sentiment-based trading tools and research from TipRanks, which provide deeper insights for informed decision-making. FinecoBank does not offer these tools from Autochartist or sentiment analysis, which may be a limitation for traders seeking those specific features.
Both platforms include economic calendars to help users track global news events, a critical tool for understanding market trends. Despite FinecoBank's comprehensive features, IG is rated higher for research, earning five stars compared to FinecoBank's four stars. Additionally, IG ranks as the number two broker for research out of 63 brokers according to ForexBrokers.com, significantly higher than FinecoBank's position at number 33. This higher rating and ranking underscore IG’s commitment to providing a superior market research experience to its users.
| Feature |
IG
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, IG outshines FinecoBank with a wealth of materials dedicated to helping newcomers understand forex and CFDs. IG offers over ten educational pieces, including articles, videos, and archived webinars on these subjects, setting it apart from FinecoBank, which does not meet the same benchmark. Both platforms, however, conduct online educational webinars each month to assist clients in broadening their understanding of trading. Additionally, IG supports learners with a searchable archive of past webinars, providing easy access to previously recorded sessions, an offering not available with FinecoBank.
IG also excels in providing educational videos, with a substantial collection available for beginners and advanced traders alike, whereas FinecoBank focuses primarily on beginner videos. Both brokers offer an investor dictionary with definitions of over 50 investing terms, though IG is rated higher for its educational offerings, earning 5 stars compared to FinecoBank's 4 stars. Positioned as the top choice in education among 63 brokers according to ForexBrokers.com, IG holds the first rank, while FinecoBank is ranked at 49. This makes IG an attractive choice for education-focused traders seeking comprehensive resources from a leader in the field.
| Feature |
IG
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 IG is better than FinecoBank. IG finished with an overall rank of #1, while FinecoBank finished with an overall rank of #25.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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In the realm of cryptocurrency trading, IG allows investors to purchase both actual cryptocurrencies and cryptocurrency derivatives, while FinecoBank does not offer the ability to buy either actual cryptocurrencies or cryptocurrency derivatives.
IG and FinecoBank both support ACH and SEPA transfers, but while IG also offers PayPal, Visa, and Mastercard options alongside bank wires, FinecoBank only provides bank wires without the availability of PayPal or card 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.
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0 of 5| Overall Rating | IG | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | IG Review | FinecoBank Review |
| Broker Screenshots | IG | FinecoBank | |
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| Regulation | IG | FinecoBank | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1974 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 8 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | IG | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IG | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 9770 | |
| Forex Pairs (Total) | 97 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | IG | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | IG | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | IG | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 5 | N/A | |
| Charting - Indicators / Studies (Total) | 33 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 33 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IG | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IG | FinecoBank | |
|---|---|---|---|
| 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 | IG Review | FinecoBank Review |
| Overall | IG | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | IG Review | FinecoBank Review |
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