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 the fees and commissions of Markets.com and FinecoBank, both brokers have some similarities to consider. Markets.com and FinecoBank each hold a rating of 3.5 stars in this category, reflecting a comparable level of satisfaction among users. Out of 63 brokers evaluated by ForexBrokers.com, Markets.com stands at the 50th position, while FinecoBank follows closely at 51st. These rankings highlight minor differences in their fee structures, though users can expect similar experiences in terms of overall costs.
Markets.com does not provide specific average spread data, adding an element of uncertainty for traders wanting clear insights into the typical costs associated with trading on their platform. FinecoBank, likewise, does not publish clear average spread data for forex and CFD trading, making it challenging to understand the potential trading costs involved. However, it does offer some data on the EUR/USD spreads, which range between 0.8 and 1 pip. These figures, not marked as average values or supported by a specified date range, suggest that FinecoBank may present higher spreads compared to the standard offerings within the forex market.
Despite the lack of detailed average spread information from both brokers, traders may find FinecoBank's lower spreads on index CFDs worth considering. Yet, those looking for clarity and assurance on average trading costs might find both Markets.com and FinecoBank less transparent. Therefore, customers should weigh these factors alongside personal preferences and trading needs when choosing between the two brokers.
| 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 Markets.com and FinecoBank for their range of investments, both platforms enable forex trading through CFDs or spot contracts, but FinecoBank stands out with a broader selection. Markets.com offers 2,179 tradeable symbols and 57 forex pairs, while FinecoBank provides a more extensive array with 9,770 symbols and 54 forex pairs. This larger selection gives FinecoBank the upper hand for traders seeking diversity. Furthermore, FinecoBank clients can invest in exchange-traded securities on both U.S. and international exchanges, such as Nasdaq and the London Stock Exchange, a feature not available with Markets.com.
For those interested in copy trading, Markets.com might be more appealing since it offers this option whereas FinecoBank does not. However, if you're looking to buy actual cryptocurrencies, neither platform currently provides this service. Markets.com allows investing in cryptocurrency derivatives, while FinecoBank does not. In terms of overall ratings, FinecoBank edges slightly ahead with a 4.5-star rating compared to Markets.com's 4 stars. According to ForexBrokers.com, FinecoBank ranks #16 out of 63 brokers for the range of investments, placing it higher than Markets.com, which is ranked #29.
| 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 online trading platforms and tools, Markets.com and FinecoBank present distinct offerings for traders. Markets.com provides users with a comprehensive package, featuring proprietary as well as MetaTrader platforms (MT4 and MT5), which appeal to a wide range of traders, from beginners to advanced. The availability of a free virtual demo account further enhances its appeal to newcomers. Copy trading is an additional benefit available at Markets.com, allowing users to replicate winning strategies from experienced traders. Although it offers fewer drawing tools compared to FinecoBank, Markets.com supports detailed watch lists with six customizable fields, enabling traders to effectively track market data and their portfolios.
FinecoBank, on the other hand, leans into its proprietary platform but does not support MetaTrader 4 or 5, which could be a downside for traders loyal to these popular trading environments. Unlike Markets.com, FinecoBank does not offer a demo trading account or copy trading, potentially narrowing its accessibility for beginners. However, the platform makes up for this by offering more drawing tools for charting. Both platforms lack the ability to trade directly from stock charts, which might be a consideration for those seeking streamlined chart-based trading. While both received a 4-star rating for their platforms and tools, FinecoBank ranks slightly higher at #18 compared to Markets.com's #27 in a comparison of 63 brokers.
| 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.
When choosing between online brokers for mobile trading, both Markets.com and FinecoBank offer solid options. For starters, both brokers provide iPhone and Android apps, and both apps include features like stock or forex price alerts. While Markets.com supports watchlist sync between the mobile app and online account, FinecoBank does not, which might be a deal-breaker for traders who need such functionality. In terms of charting tools, Markets.com allows users to draw trendlines on charts but doesn't support accessing multiple time frames. On the other hand, FinecoBank enables users to view charts over various time frames but lacks trendline drawing capabilities.
When it comes to additional features, Markets.com stands out by allowing users to create watchlists with real-time quotes, a feature FinecoBank does not offer. Both apps, however, do not auto-save chart drawings. User ratings reflect a favorable view of both brokers, with each receiving a 4 out of 5-star rating for their mobile trading apps. Despite both having strong offerings, Markets.com is slightly more highly ranked than FinecoBank by ForexBrokers.com, positioned at #33 compared to FinecoBank at #42 out of 63 brokers. This ranking suggests that Markets.com's mobile app may offer a bit more versatility for active traders.
| 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 comparing the market research offerings of Markets.com and FinecoBank, both platforms present distinct features for traders. Markets.com excels by providing daily market commentary, offering valuable insights to its users. Both brokers stay on top by delivering forex news through top-tier sources like Bloomberg and Reuters. However, Markets.com takes an edge with its unique sentiment-based trading tool, showing ratios of long or short positions across various instruments, a feature unavailable with FinecoBank. Both brokers also offer a comprehensive economic calendar, keeping users informed about significant global events. Despite their similarities, Markets.com is notable for its ranking at #17 for research by ForexBrokers.com, compared to FinecoBank's position at #33.
Neither Markets.com nor FinecoBank offer technical analysis or research tools from companies like Autochartist or Trading Central, and both omit market research from TipRanks and Acuity Trading. With both brokers rated 4 out of 5 stars for research capabilities, the choice between them may rely more on individual trading needs and preferences regarding specific tools and information available. Markets.com’s stronger focus on sentiment analysis and daily updates can particularly benefit traders who prioritize immediate insights to drive their strategies, while FinecoBank maintains parity through its foundational offerings in forex news and economic scheduling.
| 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 the educational offerings of Markets.com and FinecoBank for beginners, there are various factors to consider. Both platforms provide monthly online educational webinars, ensuring that new traders have access to regular guidance. Moreover, each broker supports beginner traders with at least 10 educational videos tailored to those just starting to learn about trading. While these features are commendable, neither platform offers a searchable archive of past webinars or meets the benchmark of 10 educational pieces specifically focused on forex or CFDs.
For those seeking more advanced educational resources, Markets.com stands out with its collection of videos designed for experienced traders. In contrast, FinecoBank does not offer advanced video content at this scale but boasts an investor dictionary that explains over 50 trading terms, filling a different educational niche. Despite their differences in advanced resources, both platforms are rated the same, with four stars for education, yet Markets.com's offerings place it higher in ranks according to ForexBrokers.com, coming in at #34 against FinecoBank's #49. This presents Markets.com as a potentially stronger choice for those looking for a broader range of educational content, especially for advanced traders.
| 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 63 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
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FinecoBank
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
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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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