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 account | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments, Fineco lists more total tradeable symbols than OANDA (9,770 vs. 4,172), while OANDA offers more forex pairs (69 vs. 54). Both brokers provide forex trading (CFD or spot) and let you buy exchange-traded stocks on U.S. and international markets, so you can access names like Apple and Vodafone directly.
Key differences: OANDA supports copy trading and offers both actual cryptocurrency purchases and crypto CFDs; Fineco offers neither. For Range of Investments, OANDA is rated 4/5 stars and ranks #28 out of 63 brokers at ForexBrokers.com, while Fineco earns 4.5/5 stars and ranks #17. Choose OANDA if you value more forex pairs plus crypto and copy trading; pick Fineco if you want a larger overall selection of markets with a higher category rating.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 9770 |
| Forex Pairs (Total) | 69 | 54 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
If you’re choosing between OANDA and Fineco for trading platforms and tools, both provide their own proprietary platforms along with web and Windows desktop access. OANDA stands out by offering a free demo account for paper trading, support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and access to copy trading. It also lets you place trades directly from a chart, a feature Fineco does not include.
Both brokers earn 4 stars for Trading Platforms and Tools. In category rankings from ForexBrokers.com, OANDA places #15 out of 63 brokers, while Fineco ranks #18. If you want MetaTrader, copy trading, chart-based order entry, or a practice account, OANDA is the stronger pick. If you simply need a proprietary platform that works in a browser and on Windows, either broker will do the job.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 89 | 37 |
| Charting - Trade From Chart | Yes | No |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Fineco both offer mobile trading apps for iPhone and Android, and each supports stock and forex price alerts. However, neither app syncs watchlist symbols between the mobile app and the online account. For charting, OANDA’s mobile app stands out: it includes 30 technical studies, lets you draw trendlines, and auto-saves your drawings. Fineco’s app offers 6 technical studies and does not support drawing tools or auto-saving chart annotations, making it better suited to basic monitoring rather than in-depth chart work.
In independent evaluations, OANDA’s mobile trading app earns 5 stars and ranks #7 out of 63 brokers on ForexBrokers.com, while Fineco’s app holds 4 stars and ranks #43. If you want advanced chart features on your phone or tablet, OANDA is the stronger choice. If your priorities are simple checks and alerts on the go, Fineco’s app gets the job done.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing OANDA vs Fineco for market research, OANDA earns 5 stars and ranks #4 of 63 brokers at ForexBrokers.com, while Fineco holds 4.0 stars and ranks #34. OANDA publishes daily market commentary; Fineco does not. Both brokers stream forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and each provides an economic calendar to track global events.
For tools, OANDA includes Autochartist and a sentiment indicator that shows long/short positioning across instruments, which Fineco lacks. Neither broker offers Trading Central. OANDA does not include TipRanks or Acuity Trading; Fineco’s access to TipRanks and Acuity Trading is not listed. In short, choose OANDA if you want daily commentary along with Autochartist and sentiment insights, while Fineco may fit traders who mainly want quality news and a calendar without many extra research tools.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing OANDA vs Fineco for beginner education: both brokers host online educational webinars at least once a month and each provides at least 10 beginner-focused trading videos that cover the basics of forex and CFD trading. OANDA goes further with at least 10 advanced videos for more experienced traders, while Fineco does not, which can affect your learning path if you plan to move beyond the fundamentals.
In independent evaluations, OANDA earns a 5-star Education rating and ranks 19th out of 63 brokers at ForexBrokers.com, while Fineco holds a 4.0-star rating and ranks 49th out of 63. If you want beginner content with clear room to grow into advanced topics, OANDA is the stronger pick; if your priority is beginner lessons and regular webinars, Fineco remains a solid option.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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
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| Trust Score | 93 | 94 |
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OANDA vs Fineco: for cryptocurrency trading, OANDA lets you buy actual delivered crypto and trade crypto CFDs, whereas Fineco offers neither option.
Online broker comparison: OANDA supports ACH/SEPA, PayPal, Skrill, and bank wire deposits and withdrawals (Visa/Mastercard not specified), while Fineco confirms ACH/SEPA with PayPal, Skrill, Visa/Mastercard, and bank wires not specified.
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 |
| Broker Screenshots | OANDA | Fineco | |
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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, FSRA, or SCA 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. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 account | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | No |
| Funding | OANDA | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | OANDA | Fineco | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | OANDA | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 89 | 37 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | Fineco | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Fineco | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | Fineco | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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