Written by ForexBrokers.com
In this head to head comparison of Fineco vs IronFX, 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.
When comparing online brokers Fineco and IronFX, several key differences emerge, especially in their founding years, public trading status, and banking capabilities. Established in 1999, Fineco is a publicly traded bank, adding a layer of security and trust for investors. Meanwhile, IronFX, founded in 2010, is not publicly traded and does not hold bank status, which could impact investor confidence.
Regulatory certifications demonstrate another point of distinction, with both brokers obtaining Tier-1 licenses. Fineco possesses two Tier-1 licenses with a high Trust Score of 94, reflecting its strong reputation for trustworthiness. IronFX, while holding three Tier-1 licenses, garners a Trust Score of 83, placing it in the trusted category yet below Fineco's standing. Neither broker has any Tier-2 licenses, which are somewhat less influential but still signify a good level of trust.
| Feature |
Fineco
|
IronFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Fineco and IronFX in terms of commissions and fees, both brokers have distinctive approaches that may influence your trading decision. Fineco does not transparently publish average data for forex and CFD trading spreads, which can make it hard to determine the true cost of trading with them. They list a spread of 1 pip for EUR/USD, which is relatively higher than what is typically offered by other forex brokers. Fineco also mentions a 0.8 pip spread, but it's unclear if this is an average figure. Despite these uncertainties, Fineco seems to provide lower spreads on index CFDs. Fineco receives a rating of 3.5 stars out of 5 and ranks 51st out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
IronFX, on the other hand, shows potential for improvement in pricing as their spreads tend to be above the industry norm. The broker features a typical spread of 1.8 pips for their Standard variable spread account, although the exact average spread is unspecified. For traders opting for the zero fixed-spread account, spreads start at zero pips with an $18 per lot commission, but can widen to 3 pips overnight. Despite these challenges, IronFX holds a slightly better rating of 4 stars out of 5 and is ranked 46th out of 63 brokers for Commissions and Fees by ForexBrokers.com.
| Feature |
Fineco
|
IronFX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments on offer, Fineco and IronFX cater to different needs. Fineco stands out with a whopping 9,770 tradeable symbols, providing a wide array of investment opportunities, including exchange-traded securities on both U.S. and international exchanges. This means that investors with Fineco can directly purchase shares in companies like Apple and Vodafone, not just trade their CFDs. On the other hand, IronFX offers 340 tradeable symbols, with a strong focus on forex, offering 83 forex pairs compared to Fineco's 54. However, while IronFX provides the option for copy trading and cryptocurrency derivatives, it does not include direct purchases of international stocks.
Rated 4.5 out of 5 stars for its range of investments, Fineco ranks 16th out of 63 brokers on ForexBrokers.com, highlighting its broad selection. Conversely, IronFX, rated 3.5 stars and ranked 51st, appeals more to forex traders, particularly those interested in leveraging social trading through its copy trading feature. While neither broker offers the purchase of actual cryptocurrencies, IronFX allows trading of cryptocurrency derivatives, providing another option for traders who want to explore the digital currency market without owning the actual coins.
| Feature |
Fineco
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 340 |
| Forex Pairs (Total) | 54 | 83 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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). | 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 Fineco and IronFX, several differences and similarities stand out. Fineco offers a proprietary platform uniquely developed in-house, giving it a personalized touch, while IronFX does not provide such a dedicated platform but relies on popular third-party options like MetaTrader 4 (MT4). Both brokers offer Windows-based desktop download and web-based browser trading platforms, ensuring accessibility and convenience for traders. However, IronFX edges ahead with additional features like free virtual demo accounts and copy trading services, offering traders a safe space to practice without financial risk and to follow successful strategies. Fineco, on the other hand, lacks these offerings but still manages to secure a four-star rating, surpassing IronFX's three-and-a-half-star rating.
IronFX takes pride in offering a more comprehensive range of drawing tools and the ability to execute trades directly from stock charts. In contrast, Fineco provides seven drawing tools but does not support direct trading from charts. Additionally, IronFX offers a structured approach to organizing watch lists with seven columns, whereas this feature is not applicable to Fineco. Despite these advantages, when ranked by ForexBrokers.com, Fineco places significantly higher at #18 out of 63 brokers for its trading platforms and tools, while IronFX falls further behind at #61. Both platforms cater to different trader preferences, with Fineco focusing on an in-house experience and IronFX emphasizing flexibility and standard industry features.
| Feature |
Fineco
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| 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.
Fineco and IronFX both offer mobile apps that cater to iPhone and Android users, providing essential tools for traders on the go. Both apps include vital features like stock and forex price alerts and multiple time frame views for charts. However, when it comes to technical studies, IronFX stands out with 30 options compared to Fineco's 6. IronFX also allows users to draw trendlines and auto-save chart drawings, features not available in Fineco's app. Furthermore, IronFX enables users to create watchlists with real-time quotes, adding more dynamic functionality for active traders, a feature Fineco does not offer. Despite these differences, Fineco edges out IronFX with a slightly higher user rating of 4 stars versus IronFX's 3.5-star rating.
Another critical distinction lies in app integration features. Neither Fineco nor IronFX support watchlist symbol syncing between their mobile app and online accounts, meaning changes made on one platform won't automatically reflect on the other. Overall, Fineco fares better in overall rankings provided by ForexBrokers.com, securing the 42nd spot out of 63, as opposed to IronFX's position at 62. This suggests that while IronFX may offer more detailed charting tools, Fineco might provide a more consistent and user-friendly experience for traders looking for a straightforward mobile trading app.
| Feature |
Fineco
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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 Fineco and IronFX for their market research offerings, there are several factors to consider. IronFX provides daily market commentary, giving traders a regular update and insight, whereas Fineco does not offer this feature. Both brokers deliver forex news from leading sources like Bloomberg and Reuters, ensuring traders stay informed with credible information. However, when it comes to specialized tools, Fineco and IronFX differ: IronFX offers access to Trading Central's technical analysis tools, which can be a significant advantage for those relying on detailed market data, while Fineco lacks this feature. Neither broker provides tools from Autochartist, Acuity Trading, or sentiment-based trading tools.
Both brokers include an economic calendar, which covers current and upcoming global economic events, possibly aiding traders in planning and decision-making strategies. According to ForexBrokers.com, both Fineco and IronFX hold a research rating of 4 stars, indicating similarity in quality. However, IronFX is ranked slightly better, coming in at 28th place among 63 brokers, whereas Fineco ranks 33rd. This comparison highlights IronFX's slight edge in overall research offerings, particularly with its inclusion of Trading Central resources and daily commentary. However, both platforms remain competitive within the industry, with Fineco's strengths lying in reliable news updates and an extensive economic calendar.
| Feature |
Fineco
|
IronFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| 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 IronFX each have strengths and weaknesses. Fineco shines with its monthly online workshops catering to new traders, offering webinars that novice investors can attend live. However, these webinars are not archived, meaning previous sessions can't be rewatched at your convenience. On the other hand, IronFX does not provide monthly live webinars but excels in maintaining a searchable archive of past webinars, which lets users access a wealth of knowledge at any time they choose.
Both Fineco and IronFX provide a range of beginner-friendly educational videos, ensuring newcomers have access to valuable insights on trading. Each also offers a dictionary containing over 50 investing terms, which helps break down complex financial jargon into simpler concepts. However, there's no significant distinction in advanced educational content, as neither broker supplies a broad selection of advanced videos. When it comes to industry rankings, IronFX slightly edges out Fineco, although both are rated equally by users at four stars in education.
| Feature |
Fineco
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Fineco is better than IronFX. Fineco finished with an overall rank of #25, while IronFX finished with an overall rank of #48.
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
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IronFX
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| Overall Rating |
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| Trust Score | 94 | 83 |
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When comparing online brokers Fineco and IronFX, Fineco does not offer the ability to buy actual or derivative cryptocurrencies, while IronFX provides the option to buy cryptocurrency derivatives but not the actual cryptocurrency.
When comparing online brokers Fineco and IronFX, Fineco supports ACH or SEPA transfers and bank wires for funding and withdrawing account funds but lacks options like PayPal, Skrill, and card payments, whereas IronFX does not offer ACH or SEPA transfers but supports bank wires, Skrill, and Visa or Mastercard transactions.
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 | Fineco | IronFX | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | IronFX | |
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| Regulation | Fineco | IronFX | |
|---|---|---|---|
| Trust Score | 94 | 83 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 340 | |
| Forex Pairs (Total) | 54 | 83 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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). | 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 | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | IronFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | IronFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | IronFX | |
|---|---|---|---|
| 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 | Fineco | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| 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 | Fineco | IronFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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