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OANDA vs Fineco 2021

Is Fineco better than OANDA? In our analysis of 23 international regulators across 39 brokers, OANDA is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature OANDA Fineco
Overall 4.5 4
Commissions & Fees 3.5 3.5
Offering of Investments 3 4.5
Platforms & Tools 4 4
Mobile Trading Apps 4.5 3.5
Research 4.5 4
Education 3.5 3.5
Trust Score 92 92
OANDA Review Fineco Review
76.6% of retail CFD accounts lose money 65.11% of retail CFD accounts lose money
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Regulation

Feature OANDA Fineco
Trust Score 92 92
Year Founded
1996 1999
Publicly Traded (Listed)
No Yes
Bank
No Yes
Tier-1 Licenses
6 2
Tier-2 Licenses
0 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature OANDA Fineco
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Tier-2 Licenses (Average Trust)

Feature OANDA Fineco
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature OANDA Fineco
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
Yes No
FSC Authorised (Mauritius)
No No

Investments

Feature OANDA Fineco
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
124 126
Forex Pairs (Total)
71 54
US 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 (CFD)
Yes No
Crypto Disclaimer (UK) 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

Feature OANDA Fineco
Average Spread EUR/USD - Standard
1.4 (August 2021) N/A
All-in Cost EUR/USD - Active
1.4 (August 2021) N/A
Active Trader or VIP Discounts
Yes No
Execution: Agency Broker
No No
Execution: Market Maker
Yes No

Funding

Feature OANDA Fineco
Minimum Deposit
$0.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

Feature 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
Yes No

Trading Tools

Feature OANDA Fineco
Virtual Trading (Demo)
Yes No
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
6
Charting - Indicators / Studies (Total)
81 90
Charting - Drawing Tools (Total)
431 N/A
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No

Mobile Trading

Feature OANDA Fineco
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
33 N/A
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature OANDA Fineco
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
Yes No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes No

Education

Feature OANDA Fineco
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature 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

Overall

Feature OANDA Fineco
Overall 4.5 4
Commissions & Fees 3.5 3.5
Offering of Investments 3 4.5
Platforms & Tools 4 4
Mobile Trading Apps 4.5 3.5
Research 4.5 4
Education 3.5 3.5
Trust Score 92 92
OANDA Review Fineco Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Fineco vs OANDA.

Does Fineco or OANDA offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Fineco offers better pricing overall for traders.

Is Fineco or OANDA safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while Fineco holds 2. Both Fineco and OANDA hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Fineco and OANDA earned the same Trust Score.

Which trading platform is better: Fineco or OANDA?
To compare the trading platforms of both Fineco and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OANDA offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While OANDA offers copy trading, Fineco does not. OANDA offers MetaTrader 4 (MT4), while Fineco does not.

How many forex pairs and CFDs are available to trade?
OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to Fineco's 54 available pairs. Forex pairs aside, Fineco offers traders access to 126 CFDs while OANDA has 124 available CFDs, a difference of 2.

Can I trust Fineco?

Can I trust OANDA?
OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Is Fineco good?
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.

Is OANDA good?
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.

Overall winner: OANDA

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.

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OANDA - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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