Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs FinecoBank, 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.
Pepperstone, founded in 2010, and FinecoBank, established in 1999, offer distinct pathways for those seeking online brokerage services. While Pepperstone operates as a privately held firm, FinecoBank stands out as a publicly traded entity and a recognized bank. Both brokers demonstrate high trustworthiness; Pepperstone has a superior Trust Score of 95 compared to FinecoBank’s 94, indicating a strong level of trust in the industry according to ForexBrokers.com.
When examining regulatory credentials, Pepperstone holds a slight edge with three Tier-1 licenses, reflecting a high trust rating, alongside two Tier-2 licenses, which are also considered trusted. FinecoBank, while holding its own with two Tier-1 licenses, does not have any Tier-2 licenses. This comparison sheds light on the robust regulatory frameworks within which both brokers operate, instilling confidence in users as they navigate their online trading experiences.
| Feature |
Pepperstone
|
FinecoBank
|
|---|---|---|
| Year Founded | 2010 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone offers a compelling option for traders who prioritize competitive pricing, especially through its Razor account, which is attractive when paired with the Active Trader program. With an advertised average spread of 0.10 pips for the EUR/USD and a commission-equivalent of 0.70 pips, the total trading cost of 0.80 pips is close to the industry average. In contrast, Pepperstone's Standard account is commission-free but has higher spreads, with an average of 1.1 pips on the EUR/USD, making it less economical than the Razor account. Pepperstone supports high-volume traders with its Active Trader program, offering rebates based on trading volume and location-specific tiers. Rated at 4.5 stars for commissions and fees, Pepperstone ranks 10th out of 62 brokers according to ForexBrokers.com.
FinecoBank, on the other hand, poses a challenge for traders looking to assess precise trading costs due to the absence of published average spread data for forex and CFD trading. Fineco lists a spread of 1 pip for the EUR/USD, which is higher than typical rates from forex brokers. They also mention a 0.8-pip spread without specifying if it's an average value, making a clear comparison difficult. However, Fineco is noted for potentially offering lower spreads on its index CFDs. FinecoBank holds a 3.5-star rating for commissions and fees and is ranked 50th out of 62 brokers by ForexBrokers.com.
| Feature |
Pepperstone
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | 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.
When choosing between Pepperstone and FinecoBank for your investment needs, it's important to consider the variety of options each offers. Both platforms provide forex trading through CFDs or spot contracts, but they differ significantly in their range of tradeable symbols and forex pairs. Pepperstone allows access to 1,726 symbols, including 65 forex pairs, while FinecoBank offers a broader selection with 9,770 symbols and 54 forex pairs. Although Pepperstone supports copy trading, FinecoBank excels in offering exchange-traded securities on both U.S. and international exchanges, making it possible for clients to invest in popular stocks like Apple and Vodafone directly.
Neither platform currently supports the purchase of actual cryptocurrency, but Pepperstone does allow trading in cryptocurrency derivatives. This breadth of offerings is reflected in their ratings; Pepperstone scores 4 stars for its range of investments, earning a rank of #26 out of 62 brokers according to ForexBrokers.com. FinecoBank, on the other hand, is slightly higher rated with 4.5 stars, securing the #16 spot. Both brokers offer appealing features, but your choice may depend on whether you prioritize access to a comprehensive range of trading options or the ability to invest directly in global stocks.
| Feature |
Pepperstone
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 9770 |
| Forex Pairs (Total) | 65 | 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.
Pepperstone and FinecoBank both offer a suite of trading platforms and tools to meet the needs of traders, but there are notable differences between the two. Pepperstone provides a virtual demo account, which is ideal for beginners to practice trading without financial risk, while FinecoBank does not offer this feature. Both brokers have developed their own proprietary platforms and support Windows-based and web-based trading platforms. However, Pepperstone stands out by offering additional support for the popular MetaTrader 4 and MetaTrader 5 platforms, as well as DupliTrade for copy trading, features that FinecoBank lacks.
In terms of charting tools, Pepperstone offers a range of 30 drawing tools, which is more than the 7 provided by FinecoBank. This can add more flexibility for traders who rely on technical analysis. Pepperstone also allows traders to execute trades directly from stock charts, a feature absent in FinecoBank's offerings. Both brokers score equally with a four-star rating for their trading platforms and tools, yet FinecoBank is ranked slightly higher at #18 compared to Pepperstone's #22 by ForexBrokers.com. The choice between these brokers might come down to personal preference in platform features and the importance of having a demo account for practice.
| Feature |
Pepperstone
|
FinecoBank
|
|---|---|---|
| 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 | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 37 |
| Charting - Drawing Tools (Total) | 30 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and FinecoBank both offer mobile trading apps for iPhone and Android users, making them accessible to a wide range of traders. Both apps provide stock and forex price alerts, ensuring that traders can make informed decisions promptly. When it comes to watchlist functionality, Pepperstone stands out by offering watchlist symbol syncing, enabling seamless transitions between the mobile app and an online account, while FinecoBank does not provide this feature. Pepperstone allows users to create watchlists with real-time quotes, offering an edge over FinecoBank in terms of real-time information gathering. Both platforms allow users to view different time frames on stock or forex charts, like daily or intraday views, but when it comes to customizing charts, Pepperstone takes the lead. It offers the ability to draw trendlines and automatically save them, a feature absent in FinecoBank's offering.
Charting tools are more advanced in Pepperstone's mobile app, offering 30 technical studies compared to FinecoBank's six. This allows for more detailed technical analysis directly from a mobile device. Despite these differences, both platforms are rated four stars for their mobile apps. However, Pepperstone holds a higher rank at #21 compared to FinecoBank's #42 out of 62 brokers, according to ForexBrokers.com. This reflects Pepperstone's enhanced feature set and more comprehensive mobile trading experience, making it a preferable choice for those seeking advanced mobile trading capabilities.
| Feature |
Pepperstone
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
When considering Pepperstone and FinecoBank for market research, there are notable differences that may influence your choice. Pepperstone stands out with daily market commentary and insights from top-tier sources like Bloomberg and Reuters, providing traders with continuous updates. They also offer a sentiment-based tool displaying trading positions, designed to give investors a snapshot of market sentiment. Additionally, Pepperstone utilizes Autochartist for advanced technical analysis, which FinecoBank does not offer. Both brokers provide an economic calendar to track important global events, keeping traders informed about upcoming market movements.
In contrast, FinecoBank offers forex news from reputable sources but lacks some of the specialized research tools praised by traders, such as those from Autochartist and sentiment-based analytics, which are available through Pepperstone. FinecoBank does match Pepperstone in terms of offering an economic calendar. According to ForexBrokers.com, Pepperstone is ranked significantly higher (#12) compared to FinecoBank (#33) for research, with ratings of 4.5 stars and 4.0 stars respectively. These rankings can suggest Pepperstone's slight edge in providing more comprehensive research tools to support trading strategies.
| Feature |
Pepperstone
|
FinecoBank
|
|---|---|---|
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for trading beginners, Pepperstone stands out with a comprehensive offering. It provides over ten educational pieces focused on forex and CFDs, which include articles, videos, and archived webinars. In addition, Pepperstone hosts regular online client webinars and maintains a searchable archive of these sessions, ensuring that learners can revisit valuable insights at their convenience. This broker also offers ten beginner educational videos and ten advanced videos for more seasoned traders. Moreover, Pepperstone's extensive investor dictionary with over 50 trading terms enhances the learning experience for novices. Overall, Pepperstone receives a 4.5-star rating out of five for its educational content and ranks 17th out of 62 brokers as per ForexBrokers.com.
FinecoBank, on the other hand, presents a decent array of educational resources but falls short in a few areas. While it offers monthly online webinars and beginner educational videos, FinecoBank does not provide a minimum of ten pieces focused on forex or CFDs. Additionally, unlike Pepperstone, FinecoBank lacks a searchable archive of past webinars and does not match the range of advanced educational videos available through Pepperstone. However, FinecoBank's investor dictionary is on par, ensuring beginners have access to essential trading term definitions. Despite these offerings, FinecoBank holds a slightly lower education rating of 4.0 stars and ranks 49th among 62 brokers according to ForexBrokers.com.
| Feature |
Pepperstone
|
FinecoBank
|
|---|---|---|
| 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 62 of the best forex brokers, our research and account testing finds that Pepperstone is better than FinecoBank. Pepperstone finished with an overall rank of #16, while FinecoBank finished with an overall rank of #25.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 94 |
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Pepperstone allows users to trade cryptocurrency derivatives, unlike FinecoBank, but neither platform offers the option to purchase actual, delivered cryptocurrencies.
Pepperstone and FinecoBank both support ACH and SEPA transfers as well as bank wires for depositing and withdrawing funds, but Pepperstone provides more flexibility by accepting PayPal, Skrill, and credit cards such as Visa and Mastercard, whereas FinecoBank does not offer these options.
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 | Pepperstone | FinecoBank | |
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| Trust Score | 95 | 94 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | FinecoBank Review |
| Broker Screenshots | Pepperstone | FinecoBank | |
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| Regulation | Pepperstone | FinecoBank | |
|---|---|---|---|
| Trust Score | 95 | 94 | |
| Year Founded | 2010 | 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 | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | FinecoBank | |
|---|---|---|---|
| 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) | Yes | 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) | Pepperstone | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 9770 | |
| Forex Pairs (Total) | 65 | 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 | Pepperstone | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Pepperstone | FinecoBank | |
|---|---|---|---|
| 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 | Pepperstone | FinecoBank | |
|---|---|---|---|
| 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 | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 15 | 37 | |
| Charting - Drawing Tools (Total) | 30 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | FinecoBank | |
|---|---|---|---|
| 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 | 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 | Pepperstone | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | FinecoBank | |
|---|---|---|---|
| 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 | Pepperstone | FinecoBank | |
|---|---|---|---|
| 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 | Pepperstone Review | FinecoBank Review |
| Overall | Pepperstone | FinecoBank | |
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| Trust Score | 95 | 94 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | FinecoBank Review |
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