Written by ForexBrokers.com
In this head to head comparison of Markets.com 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.
Both Markets.com and FinecoBank were established in 1999, offering years of experience to their clients. While Markets.com is not publicly traded nor a bank, FinecoBank holds the distinction of being both publicly traded and a licensed bank. This can be an important consideration for investors seeking assurance in the institutions they trust with their money.
Regulatory oversight is a key measure of a broker's trustworthiness, and both brokers receive high Trust Scores from ForexBrokers.com. Markets.com has a slightly lower score of 93 compared to FinecoBank's 94, yet Markets.com holds three Tier-1 licenses and one Tier-2 license, reflecting a strong regulatory framework. FinecoBank, on the other hand, holds two Tier-1 licenses, highlighting its high level of trustworthiness in the financial industry. These factors can guide potential investors in choosing a broker that aligns with their security and trust preferences.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing Markets.com and FinecoBank, both brokers share similar ratings in terms of commissions and fees. Markets.com receives a rating of 3.5 stars, ranking 49th out of 62 brokers in the ForexBrokers.com list for the Commissions and Fees category. FinecoBank also holds a 3.5-star rating and is ranked closely at 50th. While specific average spread data is not available for Markets.com, FinecoBank's trading costs are somewhat opaque due to a lack of published average spread data for its forex and CFD trading.
FinecoBank lists a spread of 1 pip for EUR/USD, which tends to be higher than what many other forex brokers typically offer. There is a mention of a 0.8 pip spread, yet it remains unclear whether these figures represent average values, as there's no supporting date range provided. Nonetheless, FinecoBank seemingly offers lower spreads on its index CFDs, which may appeal to traders focusing on this area.
Overall, in terms of commissions and fees, both brokers present a comparable offering with identical ratings, although their costs and transparency vary when it comes to spreads. Traders who prioritize low fees might need to explore further into specific instruments and account types to ascertain potential benefits and downsides for their trading strategies.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by Markets.com and FinecoBank, there are several notable differences. Both platforms provide the opportunity to trade forex as either Contracts for Difference (CFDs) or spot contracts, with Markets.com offering 57 forex pairs and FinecoBank offering 54. In terms of the total number of tradeable symbols, Markets.com provides access to 2,179 symbols, while FinecoBank boasts a more extensive selection with 9,770 symbols. Additionally, Markets.com does not allow clients to purchase exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares, whereas FinecoBank provides the capability for clients to trade such securities. However, for those interested in copy trading, Markets.com offers this feature, whereas FinecoBank does not.
Regarding cryptocurrency, neither Markets.com nor FinecoBank offers the purchase of actual (delivered) cryptocurrencies, but Markets.com does provide access to cryptocurrency derivatives. This is an option not available through FinecoBank. Both brokers have received positive ratings for their range of investments; Markets.com has been rated 4 out of 5 stars, and FinecoBank slightly higher at 4.5 stars. These ratings are reflected in their respective rankings by ForexBrokers.com, where Markets.com is positioned at rank #29 and FinecoBank at #16 among 62 brokers. Overall, FinecoBank's investment range leans towards a broader traditional securities offering, while Markets.com emphasizes flexibility in forex and derivative trading.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 9770 |
| 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 (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 Markets.com and FinecoBank for trading platform features, it's clear that both brokers offer proprietary platforms, downloadable desktop options for Windows, and web-based interfaces that cater to different trading preferences. However, a distinguishing factor is Markets.com's advantage in offering a virtual demo account for beginners to practice simulated trades, while FinecoBank lacks this feature. Additionally, Markets.com supports popular third-party platforms MetaTrader 4 and MetaTrader 5, which are favorites among traders for their extensive tools and community support. In contrast, FinecoBank does not offer either MetaTrader platform.
Both Markets.com and FinecoBank excel in certain areas, with Markets.com enabling copy trading, which FinecoBank does not provide. FinecoBank may have an edge in chart drawing tools, offering more options, but lacks the ability to trade directly from stock charts, a limitation shared with Markets.com. In terms of analytical features, Markets.com provides more criteria for watch lists, giving traders detailed insights into market movements. Although both platforms receive a four-star rating for trading tools, FinecoBank ranks slightly higher at #18 compared to Markets.com's #27 ranking according to ForexBrokers.com, suggesting a slight overall preference towards FinecoBank in the platform and tools category.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 37 |
| Charting - Drawing Tools (Total) | 4 | 7 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Markets.com and FinecoBank offer mobile trading apps for iPhone and Android, providing users with convenient access to financial markets on the go. Markets.com stands out with its feature allowing watchlist symbol syncing, enabling users to keep their mobile and online accounts in harmony. In contrast, FinecoBank does not support this syncing capability. Both platforms provide stock or forex price alerts, a helpful tool for traders wanting to stay updated on market changes.
When comparing charting functionalities, FinecoBank offers six technical studies and the opportunity to view multiple time frames, which could appeal to traders who focus on detailed chart analysis. Markets.com, however, allows users to draw trendlines on charts, which is unavailable with FinecoBank. Despite these differences, neither platform saves chart drawings automatically. For traders looking to customize their experience with real-time quotes, Markets.com offers the capacity to create dynamic watchlists, whereas FinecoBank does not provide this function. Both apps have received a 4-star rating for mobile trading, yet Markets.com holds a higher position in ForexBrokers.com's rankings at #33 compared to FinecoBank's #42.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Markets.com shines with its daily market commentary, a feature that FinecoBank does not provide. Both platforms offer forex news sourced from top-tier names like Bloomberg and Reuters, ensuring traders have access to credible and up-to-date information. While neither broker includes tools from Autochartist or Trading Central, Markets.com stands out with a sentiment-based trading tool, allowing traders to understand market positions better, something not available with FinecoBank.
Both Markets.com and FinecoBank provide an economic calendar, which is essential for tracking global news events and making informed trading decisions. Rated similarly with 4 stars for research, Markets.com ranks higher at #17 according to ForexBrokers.com, compared to FinecoBank at #33. This suggests that, while both offer valuable resources, Markets.com might have a slight edge in user preference and satisfaction for market research.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| 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 |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Markets.com and FinecoBank in terms of educational resources for beginners, both platforms have unique features that cater to new traders. Markets.com provides regular online webinars for its clients, helping them stay up-to-date with the latest market trends. Additionally, Markets.com offers a substantial collection of beginner educational videos, making it easier for new traders to grasp essential trading concepts. Despite its strengths, Markets.com does not provide an investor dictionary or a vast library of educational articles focused on forex and CFDs.
On the other hand, FinecoBank mirrors Markets.com's commitment to client education by also hosting monthly webinars, which is a valuable resource for those looking to enhance their knowledge in a live setting. Furthermore, FinecoBank presents a comprehensive investor dictionary, aiding users in understanding complex market terminology. However, FinecoBank falls short in offering advanced educational videos, focusing more on beginner content. In terms of educational rankings, Markets.com holds a slight edge over FinecoBank, ranked at #34 compared to FinecoBank's #49 by ForexBrokers.com, suggesting a broader approach to educational resources overall.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Markets.com is better than FinecoBank. Markets.com finished with an overall rank of #23, while FinecoBank finished with an overall rank of #25.
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.
| Feature |
Markets.com
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
| Range of Investments |
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While both Markets.com and FinecoBank do not support buying actual (delivered) cryptocurrency, Markets.com allows for purchasing cryptocurrency derivatives, unlike FinecoBank.
In comparing Markets.com and FinecoBank as online brokers, Markets.com provides options for depositing and withdrawing funds via Skrill, Visa, Mastercard, and bank wires but does not support ACH or SEPA transfers or PayPal, whereas FinecoBank offers ACH or SEPA transfers and bank wire options but lacks support for PayPal, Skrill, Visa, and 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 | Markets.com | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | Markets.com | FinecoBank | |
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| Regulation | Markets.com | FinecoBank | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | FinecoBank | |
|---|---|---|---|
| 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) | No | 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) | Markets.com | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets.com | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 9770 | |
| 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 (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 | Markets.com | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | Markets.com | FinecoBank | |
|---|---|---|---|
| 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 | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Markets.com | FinecoBank | |
|---|---|---|---|
| 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 Tools | Markets.com | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | No | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 89 | 37 | |
| Charting - Drawing Tools (Total) | 4 | 7 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | 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 | (default on MT4, none on Markets app) | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Markets.com | FinecoBank | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FinecoBank Review |
| Overall | Markets.com | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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