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 |
When comparing the commissions and fees of Pepperstone and FinecoBank, Pepperstone stands out with its Razor account, particularly when combined with the Active Trader program for high-volume traders. With an average spread of 0.10 pips for the EUR/USD and a commission-equivalent cost of 0.70 pips, the all-in cost comes to 0.80 pips. This pricing structure is competitive with industry averages. The Standard account, however, is commission-free and posts a higher average spread of 1.1 pips for the EUR/USD. Active traders with Pepperstone benefit from rebates on spreads, based on trading volume, which provides additional savings.
In contrast, FinecoBank does not publish average spread data for forex and CFD trading, making it challenging for traders to accurately assess real trading costs. FinecoBank lists a spread of 1 pip for the EUR/USD, and while it also offers a spread of 0.8 pips, there is no clarity on whether these figures are averages or subject to time constraints. Despite this ambiguity, FinecoBank does offer lower spreads on its index CFDs, which could be attractive to some traders.
Overall, Pepperstone is rated 4.5 out of 5 stars for commissions and fees and ranks 10th out of 63 brokers according to ForexBrokers.com. FinecoBank, on the other hand, receives a 3.5-star rating and ranks 51st in the same category. These ratings highlight Pepperstone's competitive edge in offering favorable pricing and rebates for active traders compared to FinecoBank's less transparent cost structure.
| 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 comparing Pepperstone and FinecoBank in terms of their range of investments, both offer forex trading as a CFD or spot contract. However, Pepperstone provides 1,726 tradeable symbols and 65 forex pairs, while FinecoBank offers a more extensive selection with 9,770 tradeable symbols and 54 forex pairs. One significant difference is that FinecoBank allows access to exchange-traded securities on both U.S. and international exchanges, enabling clients to purchase shares like Apple on NASDAQ and Vodafone on the London Stock Exchange. In contrast, Pepperstone does not provide this option for exchange-traded securities outside of CFDs.
When it comes to advanced features, Pepperstone supports copy trading, whereas FinecoBank does not. Regarding cryptocurrency, neither broker allows clients to buy actual cryptocurrencies, but Pepperstone does offer cryptocurrency derivatives, unlike FinecoBank. As a result of these offerings, FinecoBank earns a stronger rating of 4.5 stars for its range of investments, compared to Pepperstone’s 4 stars. In the ForexBrokers.com rankings, FinecoBank occupies the 16th position, ahead of Pepperstone, which stands at 26th place out of 63 brokers reviewed. Overall, FinecoBank provides a broader investment range, appealing to those seeking diverse trading options.
| 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.
When comparing the trading platforms and tools of Pepperstone and FinecoBank, both brokers provide proprietary platforms, comprehensive Windows-based desktop downloads, and user-friendly web-based trading options. Pepperstone excels in offering diverse options such as MetaTrader 4 and 5, which FinecoBank does not provide. Additionally, Pepperstone supports copy trading and DupliTrade, adding more flexibility for traders looking to mimic the strategies of others. In terms of technical chart assistance, Pepperstone offers a significant advantage with 30 drawing tools compared to FinecoBank's 7, and it allows users to trade directly from a stock chart.
On the other hand, FinecoBank maintains competitive with its proprietary platform while lacking in features like copy trading and the MetaTrader suite. Both brokers enjoy solid reputations with a 4-star rating for their trading platforms and tools, although FinecoBank edges out slightly in industry rankings for this category, securing the 18th spot compared to Pepperstone's 22nd. Importantly, Pepperstone supports traders with a free virtual demo account, helping newcomers acclimate without financial risk. Overall, each broker offers a comprehensive platform experience, but the choice depends on the specific tools and features traders prioritize.
| 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.
When it comes to mobile trading, both Pepperstone and FinecoBank provide iPhone and Android apps that allow users to receive vital stock or forex price alerts. While both platforms are rated four stars for their mobile trading apps, they show differences in the features they offer. Pepperstone stands out by offering syncing of watchlist symbols between the mobile app and the client's online account, thereby keeping user preferences consistent across devices. In contrast, FinecoBank does not support this functionality, which can limit the seamlessness of navigating between platforms.
Pepperstone provides a more detailed charting experience in its mobile app, presenting 30 technical studies compared to FinecoBank’s six. Users can draw trendlines and view multiple time frames on Pepperstone, a feature that enhances analytical depth, with charts that auto-save drawings for users’ convenience. FinecoBank, however, lacks the ability to draw trendlines and does not auto-save chart annotations. Additionally, Pepperstone allows the creation of a watchlist with real-time quotes directly from the app, something FinecoBank does not offer. These features contribute to Pepperstone’s higher ranking at #21 out of 63 brokers for mobile trading apps by ForexBrokers.com, compared to FinecoBank’s #42 ranking.
| 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.
Pepperstone and FinecoBank offer distinct market research features suited to different trading needs. Pepperstone provides daily market commentary to keep traders well-informed, which FinecoBank does not. Both brokers deliver current forex news from premier sources like Bloomberg and Reuters, ensuring that traders stay up-to-date with significant market developments. Pepperstone stands out by offering analysis tools from Autochartist and sentiment-based trading tools that reveal long or short positions across currency pairs, while these features are unavailable with FinecoBank. Both brokers include an economic calendar for tracking global events, but neither provides resources from TipRanks or Acuity Trading, yet with Pepperstone, you gain access to a broader range of analysis tools compared to FinecoBank.
In terms of research quality, Pepperstone receives an admirable 4.5 out of 5 stars, indicating a strong offering in this area, whereas FinecoBank garners 4 stars. Reflecting their strengths, Pepperstone is ranked 12th out of 63 brokers by ForexBrokers.com for research, significantly higher than FinecoBank, which is positioned at 33rd. This suggests Pepperstone maintains a competitive edge in providing insightful research tools that can benefit traders aiming to make well-informed decisions in their market activities.
| 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 beginners, Pepperstone stands out, especially in the realm of forex and CFDs education. The platform offers a wide range of materials including more than ten educational pieces such as articles and videos, ensuring newcomers have plenty of learning opportunities. Pepperstone also hosts monthly webinars and provides a searchable archive of past sessions, making it easy for users to learn at their own pace. Additionally, with over ten beginner and advanced educational videos, along with a comprehensive investor dictionary, Pepperstone is well-equipped to support both new and experienced traders.
On the other hand, FinecoBank's educational resources are a bit more limited for those just starting out. While they do offer educational webinars each month and have at least ten beginner videos, they lack a searchable archive for webinars and fall short on advanced video content dedicated to experienced traders. Both Pepperstone and FinecoBank include investor dictionaries, but FinecoBank is rated slightly lower by users and industry rankings. With a rating of 4.0 stars for education as opposed to Pepperstone's 4.5 stars, FinecoBank ranks at #49 among 63 brokers in the education category, compared to Pepperstone's more impressive #17 ranking.
| 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 63 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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