Written by ForexBrokers.com
In this head to head comparison of Markets.com vs Fineco, 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.
Markets.com and Fineco both launched in 1999, but they differ significantly in their business structures and regulatory standings. Markets.com, although not publicly traded and not a bank, holds 3 Tier-1 licenses and 1 Tier-2 license, giving it a ForexBrokers.com Trust Score of 93. This places it within the category of a highly trusted broker. Despite not being listed on a stock exchange, Markets.com thus ensures significant trustworthiness through its regulatory actions.
In contrast, Fineco operates as both a publicly traded company and a bank, offering a different level of financial security. However, it holds 2 Tier-1 licenses and no Tier-2 licenses, resulting in a slightly higher Trust Score of 94 from ForexBrokers.com. This establishes Fineco as a highly trusted broker as well. While both brokers maintain a high level of trust, Fineco's standing as a bank and its listing on the stock exchange could provide additional confidence for certain investors. Ultimately, the choice between Markets.com and Fineco can be influenced by their different corporate structures and regulatory credentials.
| Feature |
Markets.com
|
Fineco
|
|---|---|---|
| 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 commissions and fees of online brokers Markets.com and Fineco, both platforms receive a rating of 3.5 stars out of five, indicating an average user satisfaction level. Markets.com does not provide specific data on average spreads, which can make it challenging to fully understand its fee structure. Despite this, its ranking for the Commissions and Fees category on ForexBrokers.com stands at #50 out of 63 brokers, slightly ahead of Fineco.
Fineco, on the other hand, is similarly rated with 3.5 stars for commissions and fees. However, like Markets.com, it does not offer transparent data on average spreads for forex and CFD trading. The spreads it does list for EUR/USD pair trading—1 pip and 0.8 pips—are not marked as average values, making it difficult to gauge the real trading costs. Even so, Fineco seems to present lower spreads on its index CFDs. Ranking just behind Markets.com, Fineco holds the #51 spot out of 63 brokers on ForexBrokers.com.
In summary, both Markets.com and Fineco offer similar fee structures with both receiving 3.5-star ratings and close rankings. While the transparency of fee data is lacking for both brokers, Fineco appears to have a slight edge in offering lower spreads for specific trading instruments. Both brokers may suit traders seeking average cost structures, but potential clients might need to explore additional fee-related insights directly from these platforms to make well-informed decisions.
| Feature |
Markets.com
|
Fineco
|
|---|---|---|
| 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 investment options at Markets.com and Fineco, both platforms offer forex trading as CFDs, allowing traders to engage in forex trading with ease. Markets.com provides access to a staggering 2,179 tradeable symbols, outstripping Fineco's offering of 9,770 symbols. However, Fineco has a slightly broader range of forex pairs with 54 available, whereas Markets.com offers 57 pairs. One significant distinction is that Fineco enables clients to invest in exchange-traded securities on both U.S. and international markets, making it possible to purchase stocks like Apple and Vodafone directly. In contrast, Markets.com focuses solely on CFDs for its offerings in this area.
Markets.com does offer copy trading, a feature not available on Fineco, giving investors the opportunity to follow and replicate the trades of seasoned traders. When it comes to cryptocurrency derivatives, Markets.com includes this option via CFDs, while Fineco lacks this feature. Despite these differences, both platforms do not provide the option to buy actual cryptocurrencies. Overall, Fineco earns a slight edge with a 4.5-star rating for its range of investments, compared to Markets.com's 4 stars. According to ForexBrokers.com, Fineco ranks 16th out of 63 brokers in the range of investments category, overshadowing Markets.com's 29th place.
| Feature |
Markets.com
|
Fineco
|
|---|---|---|
| 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 it comes to trading platforms and tools, both Markets.com and Fineco deliver distinct experiences tailored to different trader needs. Markets.com stands out with its provision of a free virtual demo account, enabling users to simulate trades and hone their skills without financial risk. Both brokers offer proprietary platforms and support Windows-based and web-based trading platforms, ensuring flexibility for traders. However, Markets.com offers additional options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as copy trading capabilities, which are absent from Fineco's offerings. Conversely, Fineco provides a richer charting experience with seven drawing tools compared to Markets.com's four, adding a layer of depth for technical analysis enthusiasts.
In terms of rankings, Markets.com and Fineco both earn a respectable 4-star rating for trading platforms and tools, although they differ slightly in expert rankings, with Fineco occupying the 18th position out of 63 brokers according to ForexBrokers.com, while Markets.com is positioned at 27th. This suggests that while both platforms receive favorable reviews, Fineco may offer some unique features or services that appeal to its clientele. Both brokers do not support trading directly from a stock chart, and neither integrates with third-party social trading platforms like DupliTrade or ZuluTrade, emphasizing their reliance on proprietary technology functions.
| Feature |
Markets.com
|
Fineco
|
|---|---|---|
| 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 comparing the mobile trading apps of Markets.com and Fineco, both platforms deliver essential features for iPhone and Android users, ensuring that investors can stay connected on-the-go. With price alerts available on both apps, traders can seamlessly monitor market movements. However, the difference in functionality becomes apparent with the watchlist symbol syncing feature, an area where Markets.com leads, allowing users to sync their watchlists across devices, a convenience not offered by Fineco.
Charting tools show another divergence. Markets.com provides the ability to draw trendlines, while Fineco enables users to access multiple time frames on their charts, ensuring a comprehensive view of market trends. While neither platform auto-saves drawings, Markets.com facilitates real-time quote watchlists, a feature absent in Fineco. Although both brokers share a four-star rating in their mobile trading app offerings, Markets.com holds a slight edge in ranking, positioning itself at #33 compared to Fineco's #42 among 63 brokers, according to ForexBrokers.com.
| Feature |
Markets.com
|
Fineco
|
|---|---|---|
| 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, both Markets.com and Fineco bring a variety of tools to the table, though each broker presents its own strengths. Markets.com stands out by offering daily market commentary and a sentiment-based trading tool, which helps traders see the ratio of long or short positions across different instruments. This can provide valuable insights for making informed decisions. Additionally, Markets.com and Fineco both provide forex news sourced from top-tier providers such as Bloomberg and Reuters. However, neither offers tools from companies like Autochartist or Trading Central, nor do they provide market research from TipRanks or Acuity Trading.
Both brokers offer an economic calendar to keep you updated on global news events, adding to their well-rounded research offerings. When it comes to ratings, Markets.com and Fineco earn an identical 4-star rating for research. However, Markets.com has a higher ranking, sitting at 17th out of 63 brokers on ForexBrokers.com, while Fineco is ranked 33rd. This suggests that Markets.com may offer a slightly more comprehensive market research experience, although both brokers cater well to those looking for financial news and analysis.
| Feature |
Markets.com
|
Fineco
|
|---|---|---|
| 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 resources for beginners between Markets.com and Fineco, both online brokers cater to a novice trading audience with some common offerings. Each platform hosts regular monthly educational webinars, giving new traders the opportunity to learn live from experts in the field. Additionally, both Markets.com and Fineco provide a collection of beginner-friendly educational videos, with at least ten dedicated to foundational trading topics, which can be quite beneficial for those new to trading.
Despite these similarities, there are notable differences. Markets.com stands out by offering advanced educational videos tailored for experienced traders, although it lacks an investor dictionary—a feature Fineco includes, with definitions of over 50 trading terms. However, neither broker provides a vast array of resources specifically focused on forex or CFDs, nor do they offer a searchable archive of past webinars. Rated similarly in education with a 4-star rating, Markets.com ranks higher than Fineco at #34 compared to #49, hinting at perhaps a more comprehensive approach for those looking to expand their trading knowledge.
| Feature |
Markets.com
|
Fineco
|
|---|---|---|
| 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 Fineco. Markets.com finished with an overall rank of #23, while Fineco 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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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
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While both Markets.com and Fineco do not allow the purchase of actual delivered cryptocurrency, Markets.com provides an option to buy cryptocurrency derivatives, unlike Fineco.
Markets.com and Fineco differ in their payment method offerings, with Markets.com supporting Skrill, Visa, Mastercard, and bank wires, but not ACH, SEPA, or PayPal, while Fineco facilitates ACH, SEPA, bank wires, but doesn't support PayPal, Skrill, Visa, or Mastercard.
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 | Fineco | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Markets.com | Fineco | |
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| Regulation | Markets.com | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco Review |
| Overall | Markets.com | Fineco | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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