Written by ForexBrokers.com
In this head to head comparison of Plus500 vs Fineco, 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.
When comparing the online brokers Plus500 and Fineco, it is key to explore their regulatory backgrounds and trust levels. Plus500, established in 2008, is a publicly-traded entity with a stellar reputation in the trading community. It holds six Tier-1 licenses and three Tier-2 licenses, which are indicators of a highly trusted broker according to ForexBrokers.com, giving Plus500 a remarkable Trust Score of 99. Furthermore, Plus500 is not a bank, allowing it to focus exclusively on trading services.
In contrast, Fineco, founded in 1999, is both a publicly-traded company and a bank, providing a blend of brokerage and banking services. It holds two Tier-1 licenses and doesn't possess any Tier-2 licenses. Nonetheless, Fineco achieves a solid Trust Score of 94, reflecting its strong position in terms of trust and reliability. While both brokers are publicly listed and offer reliable trading platforms, Plus500 outshines Fineco with its higher number of top-tier licenses and slightly better trust rating.
| Feature |
Plus500
|
Fineco
|
|---|---|---|
| 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 it comes to commissions and fees, Plus500 and Fineco display some differences that might influence your trading experience. Plus500's pricing is slightly above the industry average and is not particularly competitive for active traders compared to other leading forex brokers. It does not offer discounts to retail clients but provides cash rebates for those classified as Professional clients. The EUR/USD spreads at Plus500 averaged 1.5 pips in April 2024, which is higher than the industry's typical rates. Plus500 receives a solid 4.0-star rating for its commissions and fees, ranking it 23rd out of 63 brokers on ForexBrokers.com.
Fineco, on the other hand, does not provide comprehensive average spread data for forex and CFD trading, which makes it challenging to gauge its overall trading costs. Although Fineco lists a spread of 1 pip for the EUR/USD, this is above the average offered by many forex brokers. It also mentions a spread of 0.8 pips, but neither figure is confirmed as an average nor accompanied by specific dates. Despite this, Fineco seems to offer more competitive spreads on its index CFDs. The broker is given a 3.5-star rating for commissions and fees, ranking 51st out of the 63 brokers evaluated by ForexBrokers.com.
| Feature |
Plus500
|
Fineco
|
|---|---|---|
| Minimum Deposit | €50 | $0 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | 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 the investment offerings of Plus500 and Fineco, both provide forex trading through CFDs. Plus500 presents an impressive lineup with 5,500 tradeable symbols and 65 forex pairs, allowing for diverse investment choices. Meanwhile, Fineco offers an even wider array of options with 9,770 symbols but falls slightly behind in forex pairs, offering 54. Both platforms do offer the ability to trade exchange-listed securities on major U.S. and international exchanges, such as shares of Apple and Vodafone. Neither platform provides copy trading capabilities, nor do they offer direct investment in cryptocurrencies, focusing instead on derivatives for cryptocurrency investment.
In terms of cryptocurrency derivatives, Plus500 has the edge by offering these products to clients, whereas Fineco does not. Despite different strengths, both brokers receive an equal rating of 4.5 stars for their range of investments. However, Fineco ranks higher on ForexBrokers.com in the Range of Investments category, coming in at #16 out of 63 brokers, ahead of Plus500's rank at #21. This positions Fineco as potentially more appealing for investors looking for a broader range of trading symbols, while Plus500 stands out for those keen on cryptocurrency derivatives.
| Feature |
Plus500
|
Fineco
|
|---|---|---|
| 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 Fineco, Plus500 offers a user-friendly edge for those looking to experiment and learn without financial pressure, thanks to its free virtual demo account to simulate trading. Fineco does not offer this feature, which could be a crucial differentiator for beginners. Both brokers provide proprietary platforms, but only Fineco offers a Windows-based desktop download, whereas Plus500 focuses on versatility with their web-based platform. Neither broker supports popular trading platforms such as MetaTrader 4 or MetaTrader 5, nor do they offer copy trading services like DupliTrade or ZuluTrade, making their toolsets somewhat limited for users seeking these functionalities.
In terms of charting tools, Plus500 users can take advantage of 36 drawing tools, a significant benefit over Fineco, which offers just 7. Although neither broker allows trading directly from stock charts, Plus500 accommodates more extensive tracking with 10 columns available for watch lists, while Fineco does not provide this feature. In terms of performance, Plus500 receives a slightly higher rating of 4.5 out of 5 stars for its trading platforms and tools compared to Fineco’s 4 stars, ranked 14th and 18th respectively by ForexBrokers.com among 63 brokers. This evaluation reflects Plus500's slight edge in offering a more comprehensive set of tools for traders.
| Feature |
Plus500
|
Fineco
|
|---|---|---|
| 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.
When it comes to mobile trading apps, Plus500 and Fineco both deliver reliable platforms for iPhone and Android users, equipped with price alerts to keep traders informed. Plus500 offers a seamless experience with its watchlist symbol syncing feature, allowing users to easily keep their lists updated across the app and online account. In contrast, Fineco does not provide this syncing capability. Plus500 shines with its 115 technical studies for charting, offering comprehensive analysis tools compared to Fineco's six, and it allows trendline drawing on charts, an option Fineco lacks. Both apps let users view multiple time frames, but neither automatically saves chart drawings.
Plus500 also supports creating real-time watchlists, a feature not available with Fineco. As for user satisfaction, Plus500 stands out with a 4.5-star rating for its mobile app, whereas Fineco holds a respectable 4-star rating. When ranked among 63 brokers, Plus500 secures the 14th spot for Mobile Trading Apps, while Fineco trails behind at 42nd. Overall, Plus500's app offers more advanced features for active traders seeking in-depth market analysis.
| Feature |
Plus500
|
Fineco
|
|---|---|---|
| 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 tools of Plus500 and Fineco, several key differences stand out. Plus500 excels in providing daily market commentary and a variety of tools for informed trading decisions. It offers a sentiment-based trading tool, which helps users gauge market trends by showing the ratio of long or short positions across different instruments. Additionally, Plus500 integrates Trading Central's technical analytics, further enhancing its research capabilities. However, it lacks forex news from top-tier sources, such as Bloomberg and Reuters, which Fineco effectively provides. Both brokers offer an economic calendar that helps traders keep track of global news events. Despite these differences, both platforms share a 4-star rating for their research offerings, although Plus500 ranks higher at 19th place compared to Fineco's 33rd rank among 63 brokers on ForexBrokers.com.
Fineco, on the other hand, is distinguished by its connection to renowned forex news agencies like Bloomberg and Reuters, ensuring that traders receive high-quality information. Despite this, Fineco does not offer daily market commentary or sentiment-based trading tools like Plus500. Furthermore, neither platform currently provides tools from Autochartist or Acuity Trading, and both are missing market research from TipRanks. Ultimately, Plus500 might appeal more to traders seeking a hands-on approach to market analysis, while Fineco caters to those who prefer reliable news sources to guide their strategies.
| Feature |
Plus500
|
Fineco
|
|---|---|---|
| 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 Fineco offer different levels of support to budding traders. Plus500 is well-equipped with a variety of educational content, including more than 10 pieces focused on forex or CFDs. This broker also holds monthly webinars and maintains an accessible archive of past sessions, allowing learners to build on their knowledge over time. For visual learners, Plus500 provides at least 10 beginner-friendly videos, alongside advanced materials catering to more experienced traders. Despite not having an extensive investor dictionary, Plus500 boasts a comprehensive educational offering, earning it a commendable rating of 4.0 stars for education and a #31 ranking on ForexBrokers.com.
Fineco, on the other hand, does provide educational webinars each month and has beginner-specific videos on trading topics, making it a helpful starting point for newcomers. However, it lacks the depth in forex or CFDs content seen with Plus500, and it doesn’t offer an archive of past webinars for learners who wish to revisit sessions. While Fineco does offer a useful investor dictionary with definitions of over 50 terms, it doesn't cater to advanced traders with specific video content. With a 4.0-star rating for its educational content, Fineco is ranked at #49 by ForexBrokers.com. Overall, Plus500 edges ahead for those particularly interested in a structured and varied learning journey.
| Feature |
Plus500
|
Fineco
|
|---|---|---|
| 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 Fineco. Plus500 finished with an overall rank of #14, while Fineco 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
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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When comparing online brokers Plus500 and Fineco, it is notable that neither offers the ability to purchase actual (delivered) cryptocurrency, but Plus500 provides the option to invest in cryptocurrency derivatives, whereas Fineco does not.
Plus500 and Fineco differ in their options for depositing and withdrawing account funds: Plus500 supports PayPal, Skrill, Visa, Mastercard, and bank wires but lacks ACH or SEPA transfers, while Fineco allows ACH or SEPA transfers and bank wires but does not support PayPal, Skrill, Visa, or Mastercard.
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 | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Fineco Review |
| Broker Screenshots | Plus500 | Fineco | |
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| Regulation | Plus500 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | 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 | Fineco | |
|---|---|---|---|
| Minimum Deposit | €50 | $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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | 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 | |
| Review | Plus500 Review | Fineco Review |
| Overall | Plus500 | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Fineco Review |
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