Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Founded in 2008, Plus500 stands out as a highly trusted online broker, boasting a perfect Trust Score of 99 according to ForexBrokers.com. This broker is publicly traded and has secured an impressive six Tier-1 licenses, which reflect its strong regulatory standing. Although not a bank, Plus500 holds an additional three Tier-2 licenses, further underscoring its commitment to safety and reliability for traders.
FinecoBank, established in 1999, is both a bank and a publicly traded entity offering online brokerage services. Earning a Trust Score of 94, FinecoBank is recognized as a highly trusted platform but holds a modest two Tier-1 licenses with no Tier-2 licenses. While it may have fewer regulatory licenses compared to Plus500, its status as a bank provides a unique proposition for those who value the multi-service offerings of a financial institution.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Year Founded | 2008 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing the commissions and fees of Plus500 and FinecoBank, it's important to note the differences in pricing structures and transparency. Plus500's pricing is slightly above the industry average, with spreads for EUR/USD averaging 1.5 pips in April 2024. They do not offer discounts to retail clients, but there are cash rebates available for those who qualify as Professional clients. Plus500 earns a commendable 4.0-star rating, ranking 25th out of 63 brokers in the Commissions and Fees category on ForexBrokers.com.
FinecoBank, on the other hand, does not provide published average spread data for forex and CFD trading, making it challenging to determine its overall trading costs. They list a spread of 1 pip for EUR/USD, which is higher than what many forex brokers offer, and also mention a spread of 0.8 pips without indicating if it is an average. This lack of clear data may impact potential clients' decision-making. Despite these challenges, Fineco is noted for potentially offering lower spreads on index CFDs. FinecoBank holds a 3.5-star rating in the Commissions and Fees category, ranking 51st out of 63 brokers as per ForexBrokers.com.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | €100 | $0 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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 Plus500 and FinecoBank in terms of their range of investments, both platforms demonstrate considerable strengths and versatility. Plus500 offers access to 5,500 tradeable symbols accompanied by 65 forex pairs, presenting a solid foundation for traders interested in CFDs and forex trading. Additionally, Plus500 facilitates trading exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in well-known companies such as Apple and Vodafone. However, it does not provide the service of purchasing actual cryptocurrencies but does allow trading in cryptocurrency derivatives. FinecoBank, on the other hand, provides an impressive 9,770 tradeable symbols and access to 54 forex pairs. Similar to Plus500, FinecoBank enables trading of exchange-traded securities on major global exchanges. While it does not offer cryptocurrency derivatives like Plus500, it maintains competitive edges with its high number of tradeable symbols.
Both Plus500 and FinecoBank have garnered 4.5-star ratings for their range of investments, highlighting their aptitude in this area. Despite their identical ratings, FinecoBank is ranked slightly higher at #16 compared to Plus500's rank of #24 by ForexBrokers.com, reflecting its broader selection of tradeable symbols. Notably, neither broker supports copy trading or the ability to buy delivered cryptocurrencies. This comparison underscores the varied opportunities each platform presents to investors seeking a wide array of trading options, whether they favor CFDs, forex pairs, exchange-traded securities, or cryptocurrency derivatives.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 9770 |
| Forex Pairs (Total) | 65 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 Plus500 and FinecoBank, these two brokers offer distinct features to cater to different trading needs. Plus500 shines with a free virtual demo account, which is a valuable tool for beginners to practice trading without financial risk. Both brokers offer their proprietary web-based platforms for easy accessibility. However, Plus500 does not provide a Windows-based desktop platform, whereas FinecoBank does, allowing more versatility in trading setups. Additionally, Plus500 provides an impressive set of 36 drawing tools for charting, giving users a more flexible technical analysis experience compared to FinecoBank's 7 drawing tools.
Neither Plus500 nor FinecoBank support widely-used platforms like MetaTrader 4 or MetaTrader 5, and both lack functionalities like copy trading and integration with third-party platforms such as DupliTrade and ZuluTrade. When it comes to watch lists, Plus500 offers up to 10 customizable columns, a feature not clearly available with FinecoBank. Plus500 holds a slightly higher rating of 4.5 stars for its platforms and tools compared to FinecoBank's 4 stars, and ranks higher at #14 among 63 brokers, while FinecoBank stands at #18. These differences highlight the strengths and offerings of each broker, assisting traders in choosing the platform that best suits their trading style and needs.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 37 |
| Charting - Drawing Tools (Total) | 36 | 7 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 10 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Plus500 and FinecoBank provide mobile trading apps compatible with iPhone and Android devices, catering to the on-the-go trader. Users of both platforms can set up stock and forex price alerts, an essential feature for staying informed about market changes. However, Plus500 takes the lead with its syncing capability; it allows users to effortlessly synchronize their watchlists between the mobile app and their online account, giving seamless accessibility. FinecoBank, unfortunately, lacks this feature.
When it comes to charting capabilities, Plus500 clearly stands out. It offers an impressive 115 technical studies, compared to FinecoBank’s modest offering of 6. Plus500 also allows drawing trendlines on charts, enhancing its technical analysis options, while FinecoBank does not provide this feature. Both apps support multiple time frames on charts, a critical tool for traders analyzing market trends over different periods. Additionally, Plus500 lets users create watchlists with real-time quotes, which FinecoBank's app does not support. These capabilities contribute to Plus500’s higher rating for mobile trading apps at 4.5 stars, compared to FinecoBank's 4 stars, with rankings of #14 and #42, respectively, in the Mobile Trading Apps category by ForexBrokers.com.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers Plus500 and FinecoBank, several distinctions become evident. Plus500 excels with its daily market commentary, providing traders with timely insights. It also stands out for incorporating Trading Central tools, which are known for helping users with technical analysis. Moreover, Plus500 offers a unique sentiment-based trading tool that reveals long and short positions across various instruments, offering traders a strategic advantage by understanding market trends. Additionally, both Plus500 and FinecoBank provide an economic calendar to keep traders informed about significant global news events. Despite these strengths, Plus500 does not provide forex news from top-tier sources like Bloomberg or Reuters, unlike FinecoBank, which compensates in this area.
FinecoBank, while lacking daily market commentary, offers forex news from top-tier sources such as Bloomberg and Reuters, ensuring that traders receive high-quality news updates. This can be a significant advantage for those seeking expert-level updates. However, FinecoBank does not support tools from Trading Central or sentiment-based trading tools, which could be a limitation for some traders. Despite these limitations, both brokers are respected for their research capabilities, with each earning 4.0 stars in the research category. Yet, Plus500 holds a stronger competitive position, ranking #19 out of 63 brokers in ForexBrokers.com's research category, compared to FinecoBank's rank of #33. Considering these factors can help traders decide which platform better suits their trading needs.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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, Plus500 and FinecoBank both offer valuable tools, but they serve different needs. Plus500 stands out by providing more than ten educational pieces specifically focused on forex and CFDs, catering well to those eager to learn about these financial instruments. It also hosts webinars monthly and maintains an archive for easy reference, enhancing the learning experience for new traders. In addition, Plus500 supplies an array of beginner and advanced educational videos covering various trading topics, making it a comprehensive resource for both novice and experienced traders.
FinecoBank, while also holding monthly webinars, falls short in other areas when compared to Plus500. It lacks a significant collection of educational pieces focused on forex and CFDs and doesn't archive its webinars for future viewing. However, FinecoBank compensates by offering a helpful investor dictionary with over 50 investing terms, which can serve as a valuable reference for those new to the trading world. Both brokers have received 4.0-star ratings for their education offerings, though Plus500 ranks higher in the Education category according to ForexBrokers.com, positioned at #31 compared to FinecoBank's #49.
| Feature |
Plus500
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than FinecoBank. Plus500 finished with an overall rank of #14, while FinecoBank finished with an overall rank of #25.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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While both Plus500 and FinecoBank do not offer the ability to purchase actual cryptocurrencies, Plus500 allows trading in cryptocurrency derivatives, unlike FinecoBank, which does not provide this option.
Plus500 and FinecoBank differ in their payment options, with Plus500 supporting PayPal, Skrill, Visa or Mastercard, and bank wires, but not ACH or SEPA transfers, while FinecoBank offers ACH or SEPA transfers and bank wires, but lacks support for PayPal, Skrill, or card payments.
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 | Plus500 | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Plus500 Review | FinecoBank Review |
| Broker Screenshots | Plus500 | FinecoBank | |
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| Regulation | Plus500 | FinecoBank | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 2008 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 9770 | |
| Forex Pairs (Total) | 65 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | Plus500 | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | €100 | $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 | No | Yes |
| Trading Platforms | Plus500 | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 10 | N/A | |
| Charting - Indicators / Studies (Total) | 115 | 37 | |
| Charting - Drawing Tools (Total) | 36 | 7 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | 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 | 115 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | 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) | No | Yes |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review | FinecoBank Review |
| Overall | Plus500 | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Plus500 Review | FinecoBank Review |
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