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OANDA vs FinecoBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of OANDA vs FinecoBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 3928 info
FinecoBank
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 9770

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.

Regulation

OANDA, established in 1996, and FinecoBank, founded in 1999, are both well-regarded in the world of online trading, with Trust Scores from ForexBrokers.com that reflect their reliability. OANDA holds a Trust Score of 93 out of 99, indicating it is highly trusted. FinecoBank edges slightly ahead with a Trust Score of 94, also placing it in the highly trusted category. One key difference is that FinecoBank is publicly traded and operates as a bank, while OANDA is not a publicly listed company and is not a bank.

When it comes to regulatory credentials, OANDA stands out with seven Tier-1 licenses, which are seen as highly trustworthy by ForexBrokers.com. In comparison, FinecoBank holds two Tier-1 licenses. Neither of the brokers has Tier-2 licenses, which are considered less prestigious but still trusted. These distinctions in regulatory standing and company structure are crucial considerations for potential clients evaluating their options in online trading platforms.

Feature OANDA logoOANDA
FinecoBank logoFinecoBank
Year Founded info 1996 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When it comes to comparing commissions and fees between OANDA and FinecoBank, both options offer unique features that cater to different trading preferences, but there's a notable variance in costs. OANDA’s forex trading expenses are generally on the higher side, with hefty spreads, even in its core pricing structure. Despite this, OANDA stands out for its automated execution and brings down the minimum trade size to a remarkable 1 unit or 0.001 micro lot. On the other hand, FinecoBank doesn't share extensive data on its actual trading costs, making it challenging to get a comprehensive view. However, it lists a spread of 1 pip for the EUR/USD, which is higher than what many forex brokers typically offer.

Diving deeper into their pricing structures, OANDA's core pricing offers relatively better spreads alongside a commission of $5 per $100,000, which translates to about $10 per a complete trade cycle of a standard lot. This type of pricing is accessible with a $10,000 minimum deposit. Even when accounting for commissions, the all-in trading cost is slightly below its commission-free rates. FinecoBank's lack of average spread data complicates comparisons, yet it is noted that its spread offerings on index CFDs might be more attractive than its forex spreads.

In terms of ratings, OANDA earns 4 stars for its commissions and fees while being ranked 34th out of 62 brokers by ForexBrokers.com. FinecoBank, with a rating of 3.5 stars, holds the 50th position in the same list. These rankings reflect their differing transparency and pricing strategies, as well as the range of services each broker provides to meet the needs of both novice and seasoned traders.

Feature OANDA logoOANDA
FinecoBank logoFinecoBank
Minimum Deposit info $0 $0
Average Spread EUR/USD - Standard info 1.61 info N/A info
All-in Cost EUR/USD - Active info 1.61 info N/A info
Active Trader or VIP Discounts info Yes info No
ACH or SEPA Transfers info Yes info Yes
PayPal (Deposit/Withdraw) info Yes info No
Skrill (Deposit/Withdraw) info Yes info No
Visa/Mastercard (Credit/Debit) info Yes info No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investment options between OANDA and FinecoBank, both platforms provide opportunities for forex trading through CFDs or spot contracts. OANDA offers 3,928 tradable symbols and 68 forex pairs, making it a considerable choice for forex enthusiasts. Meanwhile, FinecoBank surpasses OANDA in the sheer number of tradable symbols, offering 9,770 options, but provides slightly fewer forex pairs with a total of 54.

In terms of exchange-traded securities, FinecoBank stands out as it allows clients to buy shares directly on U.S. and international exchanges, including well-known companies like Apple and Vodafone. OANDA does not offer this capability but does provide the ability to engage in copy trading and buy actual cryptocurrencies, which could appeal to those interested in diverse trading strategies. Rating-wise, FinecoBank holds a slight edge in the investment range category with 4.5 stars compared to OANDA's 4 stars, reflecting its wider variety of offerings and higher ranking by ForexBrokers.com, placing it at #16 versus OANDA's #27.

Feature OANDA logoOANDA
FinecoBank logoFinecoBank
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 3928 info 9770
Forex Pairs (Total) info 68 54
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes info No
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info 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.

Trading platforms and tools

When comparing OANDA to FinecoBank for their trading platforms and tools, OANDA offers a more versatile experience for traders. Both brokers have developed their own proprietary platforms and provide Windows-based desktop and web-based trading platforms. However, OANDA steps ahead by offering a free virtual demo account, which is not an option with FinecoBank. While both are rated four stars for their platforms, OANDA supports both MetaTrader 4 and MetaTrader 5, giving traders a wider choice of widely recognized systems, whereas FinecoBank does not support these platforms.

Further distinguishing itself, OANDA offers features like paper trading and the ability for users to trade directly from stock charts, which FinecoBank lacks. In terms of charting tools, OANDA offers an impressive 431 drawing tools compared to just 7 from FinecoBank. Additionally, OANDA provides features like copy trading—absent in FinecoBank's offerings. With a higher ranking in Trading Platforms and Tools by ForexBrokers.com, OANDA (#15) edges out FinecoBank (#18), offering traders a more comprehensive selection of tools and platforms for an enhanced trading experience.

Feature OANDA logoOANDA
FinecoBank logoFinecoBank
Virtual Trading (Demo) info Yes No
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes info No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 81 37
Charting - Drawing Tools (Total) info 431 7
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 6 N/A
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When it comes to mobile trading apps, both OANDA and FinecoBank cater to both iPhone and Android users, offering functionality such as stock or forex price alerts. However, the similarities seem to end there. OANDA stands out with a five-star rating and is ranked 7th out of 62 brokers by ForexBrokers.com, while FinecoBank is rated four stars and ranks 42nd. A significant advantage for OANDA users is the inclusion of 30 technical studies for its charting, in comparison to the 6 offered by FinecoBank. Moreover, OANDA allows users to draw trendlines on charts, which can be auto-saved, whereas FinecoBank lacks this feature. Additionally, only OANDA offers real-time quotes for watchlists.

Both trading apps do not support watchlist symbol syncing, which means changes made on the mobile app do not reflect on the online account. While both apps allow viewing of multiple different time frames on charts, OANDA offers a more comprehensive and customizable mobile trading experience. With features like auto-saving of drawings and more extensive charting options, OANDA's mobile app provides a more streamlined and in-depth trading experience. FinecoBank, although capable, lags in these aspects, reflecting in its lower broker ranking and fewer features, which could make a difference for traders who rely heavily on comprehensive technical analysis on mobile devices.

Feature OANDA logoOANDA
FinecoBank logoFinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

When comparing OANDA and FinecoBank for market research, OANDA stands out due to its daily market commentary, a feature not provided by FinecoBank. Both brokers deliver forex news from renowned sources like Bloomberg and Reuters. However, OANDA further enhances its offerings with technical analysis and research tools from Autochartist, a service FinecoBank lacks. OANDA also provides a sentiment-based trading tool that indicates the ratio of long or short positions across various currency pairs, an advantage over FinecoBank, which does not offer such a tool.

Moreover, both brokers include a comprehensive economic calendar, detailing current and upcoming global news events. Despite FinecoBank’s solid offerings, OANDA’s array of research tools and resources earn it a stellar 5-star rating for research, above FinecoBank's 4 stars. In a ranking by ForexBrokers.com, OANDA holds the impressive position of 5 out of 62 brokers for research, significantly ahead of FinecoBank's placement at 33. OANDA clearly leads in providing superior market research and analysis features, catering effectively to the needs of traders seeking insightful and comprehensive market information.

Feature OANDA logoOANDA
FinecoBank logoFinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, OANDA provides a rich learning environment, particularly for those interested in forex or CFD trading. Offering a comprehensive library of over 10 educational pieces such as articles and videos, OANDA ensures beginner traders have ample materials to get started. In addition, they host regular monthly webinars that clients can join, and even provide access to a searchable archive of recorded webinars, offering further flexibility in learning. Their library includes over 10 beginner-focused educational videos, alongside at least as many for advanced traders, ensuring a broad spectrum of educational levels. OANDA also supports traders with a dictionary containing over 50 investing terms, making it easier for beginners to familiarize themselves with industry jargon. Rated 5 stars for their educational resources, OANDA ranks #22 out of 62 brokers in the Education category according to ForexBrokers.com.

FinecoBank also caters to beginners with educational resources but falls short in some areas. Although they offer monthly online webinars, which are a key feature for ongoing learning, their lack of an archive for past webinars limits accessibility compared to OANDA. FinecoBank does offer a good range of beginner educational videos, although they do not extend the same level of resources to advanced traders, lacking the required number of advanced videos. They match OANDA by offering a dictionary with definitions of over 50 investing terms to aid beginner understanding. Despite these resources, FinecoBank is rated slightly lower, with a 4.0-star score for education and ranks #49 out of 62 brokers according to ForexBrokers.com. This comparison highlights that, for educational support geared towards both beginners and more advanced learners, OANDA offers a more comprehensive suite of resources.

Feature OANDA logoOANDA
FinecoBank logoFinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that OANDA is better than FinecoBank. OANDA finished with an overall rank of #12, while FinecoBank 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 logoOANDA
FinecoBank logoFinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 93 94
Range of Investments 4/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 4.0/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or FinecoBank?

OANDA provides traders the option to purchase actual delivered cryptocurrency and cryptocurrency derivatives, while FinecoBank does not offer these capabilities, focusing instead on other financial services.

What funding options does each broker offer?

Both OANDA and FinecoBank provide ACH and SEPA transfers as options for depositing and withdrawing account funds, while only OANDA supports additional payment methods such as PayPal, Skrill, and Visa or Mastercard, and both brokers offer bank wire transfers.




announcementPlease 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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Compare

0 of 5
Overall Rating OANDA FinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4.0/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 93 94
Winner check_circle
Review OANDA Review FinecoBank Review
Broker Screenshots OANDA FinecoBank
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation OANDA FinecoBank
Trust Score info 93 94
Year Founded info 1996 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) OANDA FinecoBank
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) OANDA FinecoBank
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments OANDA FinecoBank
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 3928 info 9770
Forex Pairs (Total) info 68 54
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes info No
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info 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 FinecoBank
Average Spread EUR/USD - Standard info 1.61 info N/A info
All-in Cost EUR/USD - Active info 1.61 info N/A info
Active Trader or VIP Discounts info Yes info No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes No
Funding OANDA FinecoBank
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info Yes info No
Skrill (Deposit/Withdraw) info Yes info No
Visa/Mastercard (Credit/Debit) info Yes info No
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes info Yes
Trading Platforms OANDA FinecoBank
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes info No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools OANDA FinecoBank
Virtual Trading (Demo) info Yes No
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 6 N/A
Charting - Indicators / Studies (Total) info 81 37
Charting - Drawing Tools (Total) info 431 7
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading OANDA FinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes No
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research OANDA FinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education OANDA FinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs OANDA FinecoBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review OANDA Review FinecoBank Review
Overall OANDA FinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4.0/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 93 94
Winner check_circle
Review OANDA Review FinecoBank Review
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