Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA, established in 1996, and Fineco, founded in 1999, are both reputable online brokers but differ significantly in certain aspects. OANDA operates privately and is not listed on a stock exchange, unlike Fineco, which is a publicly traded bank. This distinction plays a role in how each company governs itself and accesses capital markets. Despite not having the backing of a traditional banking structure, OANDA holds seven Tier-1 licenses, indicating a high level of trust. In contrast, Fineco holds two Tier-1 licenses, supporting its strong regulatory standing. Both brokers have been rated favorably, with ForexBrokers.com awarding OANDA a Trust Score of 93 and Fineco a slightly higher score of 94.
The trust scores reflect their credibility and regulatory compliance, with both falling within the "highly trusted" range according to ForexBrokers.com standards. While OANDA does not have any Tier-2 licenses, neither does Fineco, showing a focus on maintaining top-level regulatory approvals only. Whether trading with a private firm like OANDA or a bank like Fineco, both offer secure trading environments backed by their respective trust scores and regulatory standings. OANDA's substantial number of Tier-1 licenses showcases its broad regulatory reach, while Fineco, benefiting from being part of the banking sector, maintains its reputable standing in the financial market.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
OANDA vs. Fineco on commissions and fees: OANDA isn’t the cheapest, with relatively high effective spreads compared to top low-cost brokers, but it offers two pricing paths. Its standard (commission-free) pricing averaged 1.61 pips on EUR/USD in July 2024. The Core Pricing option lowers the spread and adds a per-side commission of $5 per $100,000 traded (about $10 per round turn), requires a $10,000 minimum deposit, and can reduce the total cost. Example: if the spread is 0.4 pips under Core, adding the commission equivalent of 1.0 pip brings the all-in to about 1.4 pips—slightly below the 1.6-pip default scenario. OANDA also enables tiny trade sizes down to a single unit and offers active-trader rebates of $5–$17 per million in select regions. It publishes trailing spread data for transparency, though not fixed-period averages, which limits apples-to-apples comparisons.
Fineco makes cost evaluation tougher because it does not publish average spread data for forex and CFDs. It lists EUR/USD at 1.0 pip—and in some places 0.8 pips—but these figures aren’t labeled as averages and don’t include a date range. While those quotes might look competitive, the lack of verified average spreads means traders can’t easily gauge typical costs. Fineco does appear to offer relatively lower spreads on certain index CFDs.
Bottom line on ratings: OANDA earns 4 out of 5 stars for Commissions and Fees and ranks 35th out of 63 brokers. Fineco earns 3.5 out of 5 stars and ranks 52nd out of 63. If you want two-tier pricing with potential savings via commissions and tiny trade sizes, OANDA may appeal; if you prefer spread-only pricing but need clear averages, Fineco’s missing data may be a drawback.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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.
Comparing the range of investments at OANDA and Fineco: Fineco lists more total tradeable symbols (9,770 vs. OANDA’s 4,172) and earns a higher Range of Investments rating (4.5/5 vs. 4/5) along with a stronger category ranking (#17 of 63 vs. OANDA’s #28). Both brokers support forex trading as CFDs or spot, and both let you buy exchange-traded securities on U.S. and international exchanges. If forex depth matters, OANDA offers more currency pairs (69 vs. Fineco’s 54).
Feature-wise, OANDA stands out with copy trading plus access to both actual cryptocurrency and crypto derivatives, while Fineco does not offer crypto or copy trading. In short, Fineco is a fit if you want a larger overall menu of instruments and listed stocks across markets; OANDA suits traders prioritizing a wider set of forex pairs, copy trading, and cryptocurrency access.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 9770 |
| Forex Pairs (Total) | 69 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | 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 comparing the trading platforms and tools of online brokers OANDA and Fineco, there are some notable differences. OANDA stands out by offering a simulated trading experience with a free virtual demo account, allowing users to practice their strategies without financial risk. Both brokers provide proprietary platforms, which means each has developed its own unique trading interface. Additionally, they both offer Windows-based desktop and web-based trading platforms. However, OANDA supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular platforms known for their comprehensive features, whereas Fineco does not. For traders interested in copy trading, OANDA offers this feature, enhancing its appeal to those looking to mirror the trades of successful investors, while Fineco does not support this option.
In terms of charting capabilities, OANDA offers more flexibility with 74 drawing tools, compared to Fineco's 7. OANDA also allows users to trade directly from a stock chart, adding to the convenience and efficiency of the trading process. While both brokers have earned a solid four-star rating for their trading platforms and tools, OANDA is ranked slightly higher at #15 by ForexBrokers.com out of 63 brokers, compared to Fineco, which is ranked #18. This subtle difference may influence traders who prioritize advanced functionalities and wider platform support when choosing between these two online brokers.
| Feature |
OANDA
|
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) | 74 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Fineco both offer iPhone and Android trading apps with price alerts and multiple chart time frames. The key differences show up in charting and watchlists: OANDA includes 30 technical studies, trendline drawing, and auto-saving of chart drawings, while Fineco offers 6 studies, no trendline drawing, and does not auto-save drawings. Neither broker syncs watchlist symbols between mobile and web, but OANDA lets you build watchlists with real-time quotes, whereas Fineco does not.
For overall quality, OANDA earns 5 stars and ranks #7 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared with Fineco’s 4 stars and #43 ranking. If you want stronger chart tools and real-time watchlists on mobile, OANDA is the better fit; if you just need basic trading on the go, Fineco covers the fundamentals.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing market research features, OANDA stands out with daily market commentary, top-tier forex news, Autochartist tools, and a handy sentiment gauge that shows the ratio of long vs. short positions. Fineco also delivers quality forex news and an economic calendar, but it lacks daily commentary, Autochartist, and a built-in sentiment tool; neither broker offers Trading Central. OANDA does not integrate TipRanks or Acuity Trading, while Fineco’s support for TipRanks and Acuity Trading wasn’t specified.
On performance, OANDA earns 5 stars for Research and ranks #5 out of 63 brokers on ForexBrokers.com. Fineco scores 4.0 stars and ranks #34. If you value built-in trading signals and day-to-day insights, OANDA is the stronger pick; if you mainly need news and an economic calendar, Fineco covers the basics.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner trading education, OANDA offers a wider learning path than Fineco. OANDA provides at least 10 forex and CFD lessons, runs monthly client webinars, and keeps a searchable archive of past sessions you can watch anytime. Fineco also hosts monthly webinars but does not provide a searchable archive and does not meet the 10-piece threshold for forex/CFD education. Both brokers supply 10+ beginner videos and an investor dictionary with 50+ terms. If you plan to advance your skills, OANDA adds 10+ advanced videos, while Fineco does not.
According to ForexBrokers.com, OANDA earns 5 stars for Education and ranks #19 out of 63 brokers, while Fineco earns 4.0 stars and ranks #49. In short, OANDA is the stronger pick for beginners who want an easy-to-follow library and on-demand webinar recordings, while Fineco suits learners who want live webinars, basic videos, and a helpful glossary.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 OANDA is better than Fineco. OANDA finished with an overall rank of #12, while Fineco finished with an overall rank of #25.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
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OANDA provides both actual cryptocurrency purchasing and cryptocurrency derivative options, while Fineco does not offer these services for either actual cryptocurrency or derivatives.
When comparing the online brokers OANDA and Fineco regarding deposit and withdrawal options, both provide ACH or SEPA transfers and bank wires, but OANDA uniquely offers additional flexibility with PayPal, Skrill, Visa, and Mastercard, unlike Fineco.
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 | OANDA | Fineco | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | OANDA Review | Fineco Review |
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| Regulation | OANDA | Fineco | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 1996 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | OANDA | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 9770 | |
| Forex Pairs (Total) | 69 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | 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 | OANDA | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | OANDA | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | OANDA | 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 | OANDA | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 89 | 37 | |
| Charting - Drawing Tools (Total) | 74 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Fineco | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | Fineco | |
|---|---|---|---|
| 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 | OANDA Review | Fineco Review |
| Overall | OANDA | Fineco | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | OANDA Review | Fineco Review |
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