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Markets.com vs Fineco Bank 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Markets.com better than Fineco Bank? In our analysis of 23 international regulators across 62 of the best forex brokers, Markets.com is considered low-risk, with an overall Trust Score of 98 out of 99. Fineco is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.

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Overall RatingMarkets.comFineco Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 98 92
Winner check_circle
Review Fineco Bank Review
RegulationMarkets.comFineco Bank
Trust Score 98 92
Year Founded 1999 1999
Publicly Traded (Listed) Yes Yes
Bank No Yes
Authorised in European Union Yes info Yes info
Tier-1 Licenses 2 2
Tier-2 Licenses 2 0
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)Markets.comFineco Bank
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)Markets.comFineco Bank
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)Markets.comFineco Bank
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) Yes No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsMarkets.comFineco Bank
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 2179 126
Forex Pairs (Total) 57 54
U.S. 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
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).
CostMarkets.comFineco Bank
Average Spread EUR/USD - Standard 1.9 info N/A info
All-in Cost EUR/USD - Active 1.9 info N/A info
Active Trader or VIP Discounts Yes No
Execution: Agency Broker No No
Execution: Market Maker Yes No
FundingMarkets.comFineco Bank
Minimum Deposit $100 $0
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes No
Visa/Mastercard (Credit/Debit) Yes No
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsMarkets.comFineco Bank
Proprietary Platform Yes 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 No No
DupliTrade No No
ZuluTrade No No
Trading ToolsMarkets.comFineco Bank
Virtual Trading (Demo) Yes No
Alerts - Basic Fields No No
Watchlists - Total Fields 6 N/A
Charting - Indicators / Studies (Total) 89 90
Charting - Drawing Tools (Total) 4 N/A
Charting - Trade From Chart No No
Charts can be saved Yes No
Mobile TradingMarkets.comFineco Bank
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies (default on MT4, none on Markets app) N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames No No
Mobile Charting - Drawings Autosave No No
Forex Calendar No No
ResearchMarkets.comFineco Bank
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes No
EducationMarkets.comFineco Bank
Has Education - Forex or CFDs No Yes
Client Webinars Yes Yes
Client Webinars (Archived) No Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) No Yes
Major Forex PairsMarkets.comFineco Bank
GBP/USD No Yes
USD/JPY No Yes
EUR/USD No Yes
USD/CHF No Yes
USD/CAD No Yes
NZD/USD No Yes
AUD/USD No Yes
Review Fineco Bank Review
OverallMarkets.comFineco Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 98 92
Winner check_circle
Review Fineco Bank Review
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Markets.com vs Fineco Bank Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Markets.com vs Fineco Bank.

Does Markets.com or Fineco Bank 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, Markets.com offers better pricing overall for traders.

Is Markets.com or Fineco Bank 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. Both Markets.com and Fineco Bank hold 2 global Tier-1 licenses. Markets.com holds 2 global Tier-2 licenses, while Fineco Bank holds 0. In our analysis of 23 international regulators across 50 brokers, Markets.com earned a higher Trust Score than Fineco Bank.

Which trading platform is better: Markets.com or Fineco Bank?

To compare the trading platforms of both Markets.com and Fineco Bank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco Bank offers a better experience. With research, Markets.com offers superior market research. Finally, we found Markets.com 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Markets.com provides traders 57 currency pairs (e.g., EUR/USD) compared to Fineco Bank's 54 available pairs. Forex pairs aside, Markets.com offers traders access to 2179 CFDs while Fineco Bank has 126 available CFDs, a difference of 2053.

Can I trust Markets.com?

Markets.com is publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). Markets.com is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust Fineco Bank?

Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Markets.com good?

Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.

Is Fineco Bank 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.

Overall winner: Markets.com

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announcementPlease 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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