Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Spreadex, 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.
Both FinecoBank and Spreadex were founded in 1999, offering a long history in the financial services industry. FinecoBank stands out as a publicly traded bank, adding an extra layer of reassurance for investors. Holding two Tier-1 licenses, FinecoBank is considered highly trusted by ForexBrokers.com, boasting a strong Trust Score of 94 out of 99. This positions FinecoBank as a secure choice for online trading, indicating high levels of reliability and strong regulatory compliance.
On the other hand, Spreadex, while not publicly traded or a bank, holds one Tier-1 license, which suggests a moderate level of trust. It receives a Trust Score of 71 out of 99 from ForexBrokers.com, placing it in the average risk category. For those considering online trading platforms, these distinctions in trust ratings and regulatory standings are essential for making informed decisions. Both brokers have similar origins, but their specific attributes could greatly influence your choice depending on your trust and risk preferences.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing FinecoBank and Spreadex, potential traders will find notable differences in their commissions and fees structures. FinecoBank does not provide average spread data for forex and CFD trading, complicating the assessment of its actual trading costs. Specifically, FinecoBank lists a spread of 1 pip for EUR/USD, which exceeds the typical spread offered by many forex brokers. Additionally, they mention a spread of 0.8 pips, though these are not confirmed as average values. It's important to point out that FinecoBank may have more competitive spreads on index CFDs. Despite this, FinecoBank receives a 3.5-star rating and ranks 50th out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
Spreadex, on the other hand, offers more transparency in its fee structure. In January 2024, Spreadex had an average spread of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips available 60% of the time during the month. This competitive pricing is part of the reason Spreadex is rated 4 stars. Furthermore, it stands at a respectable 27th position out of 62 brokers reviewed by ForexBrokers.com in the Commissions and Fees category.
For traders who prioritize low commissions and transparent fee structures, these ratings and rankings provide a clear insight. While FinecoBank has areas that could be improved, particularly in transparency, Spreadex offers a consistently competitive edge. Understanding these differences could impact decision-making for traders who consider costs and fees as deciding factors in choosing an online broker.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and Spreadex both offer a wide array of investment options, including forex trading as a CFD or spot contract. In terms of the sheer number of tradeable symbols, Spreadex edges out FinecoBank with a selection of 10,000 compared to FinecoBank's 9,770. When it comes to forex pairs, FinecoBank offers a slightly higher number with 54 pairs available, as opposed to Spreadex's 52. FinecoBank also provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest directly in shares like Apple and Vodafone, whereas Spreadex does not offer such options. Neither platform supports copy trading or the purchase of actual cryptocurrencies.
While both brokers present competitive investment opportunities, Spreadex is rated slightly higher in the Range of Investments category, with a perfect 5-star rating compared to FinecoBank's 4.5 stars. Furthermore, Spreadex is ranked 13th out of 62 brokers by ForexBrokers.com in this category, positioning itself as a favored choice for those seeking a diverse range of investment offerings. FinecoBank, although highly regarded and ranking 16th, may appeal more to those interested in traditional stock investments on global exchanges. Despite these distinctions, both platforms serve as strong contenders for investors looking to explore a wide spectrum of trading possibilities.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 10000 |
| Forex Pairs (Total) | 54 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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 available at FinecoBank and Spreadex, both brokers demonstrate unique strengths and weaknesses. FinecoBank offers a proprietary platform with a Windows-based desktop download and a web-based platform, appealing to traders who prefer traditional desktop applications. However, it lacks support for simulated trading through a demo account, which Spreadex provides to help new traders gain experience without financial risk. While neither broker offers popular platforms like MetaTrader 4 or 5, FinecoBank provides seven drawing tools for charting compared to Spreadex's eleven, and it does not support direct trading from stock charts, whereas Spreadex does.
Both FinecoBank and Spreadex receive a commendable rating of four stars for their trading platforms and tools, indicating a generally positive reception from users. Despite the similar rating, FinecoBank is positioned higher, ranked #18 out of 62 brokers by ForexBrokers.com, whereas Spreadex holds the #46 spot. This may reflect the additional features and platforms FinecoBank offers, such as a desktop download option, despite Spreadex's easier access to direct-from-chart trading and a more graphically versatile interface for managing watch lists with eight customizable fields. Each platform has its unique attributes, making the choice between them largely dependent on individual trading preferences and requirements.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| 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) | 37 | 58 |
| Charting - Drawing Tools (Total) | 7 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FinecoBank and Spreadex cater to iPhone and Android users, ensuring accessibility across popular mobile platforms. Both apps support stock and forex price alerts, which can keep traders informed of market changes on the go. However, neither app offers the ability to sync watchlists between the mobile app and the online account, meaning any changes you make in one won't appear in the other automatically.
Charting capabilities differ between the two, with FinecoBank providing six technical studies, though lacking trendline drawing features, while Spreadex allows trendline drawing but doesn’t specify the number of technical studies available. Both platforms support viewing charts in multiple time frames, but auto-saving drawings on charts is not supported. One key difference lies in the ability to create watchlists with real-time quotes: Spreadex offers this feature while FinecoBank does not. Despite these differences, user ratings reveal a tie, with both apps earning four out of five stars. Interestingly, in ForexBrokers.com's rankings, FinecoBank comes in at #42, slightly ahead of Spreadex at #46 among 62 brokers evaluated in the mobile trading category.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | N/A |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings between FinecoBank and Spreadex, both online brokers present their unique strengths. FinecoBank stands out with its access to forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, providing traders with credible and timely updates. Additionally, FinecoBank features an economic calendar to assist traders in keeping track of global economic events. However, it lacks daily market commentary and advanced technical analysis tools like Autochartist, which traders might miss when seeking in-depth market insights. On the other hand, Spreadex excels by providing daily market commentary and technical analysis tools from Autochartist, along with a sentiment-based trading tool that shows the ratio of long or short positions across different instruments. Yet, similar to FinecoBank, Spreadex does not offer market research from company TipRanks or tools from Acuity Trading.
In terms of research ratings, both FinecoBank and Spreadex receive 4.0 stars, reflecting a solid performance in delivering research services. Notably, Spreadex is ranked slightly higher at #31 compared to FinecoBank's #33 position out of 62 brokers, according to ForexBrokers.com. This suggests that while both brokers provide comprehensive research resources, Spreadex has a marginal edge in the competitive field of online brokerage research tools. Whether you prioritize top-tier news or detailed analysis tools, the choice between FinecoBank and Spreadex ultimately hinges on your specific trading needs and preferences.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FinecoBank and Spreadex in terms of educational resources for beginner traders, both have their strengths. FinecoBank offers monthly online webinars to assist new investors, although it lacks a searchable archive for these sessions. Newcomers can also benefit from FinecoBank's collection of over ten beginner educational videos and access to an investor dictionary with definitions for over 50 investing terms. However, FinecoBank does not provide a comprehensive set of materials focused solely on forex or CFDs, nor does it offer advanced educational videos. Despite these gaps, it earns a 4.0-star rating for education.
Spreadex focuses more extensively on forex and CFDs education, offering over ten educational resources in this area, although it does not conduct regular webinars or have an archival option for past webinars. Beginner traders will find at least ten instructional videos catered to their level, along with an investor dictionary similar to FinecoBank's. However, Spreadex also lacks advanced educational videos for experienced traders. With a consistent educational rating of 4 stars, Spreadex edges out FinecoBank in the ForexBrokers.com ranking by four positions, indicating slightly higher recognition for its educational offerings.
| Feature |
FinecoBank
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 FinecoBank is better than Spreadex. FinecoBank finished with an overall rank of #25, while Spreadex finished with an overall rank of #39.
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.
| Feature |
FinecoBank
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Spreadex
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| Overall Rating |
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| Trust Score | 94 | 71 |
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When comparing online brokers FinecoBank and Spreadex, it's important to note that neither offers the ability to buy actual, delivered cryptocurrency, but while Spreadex does provide the option to buy cryptocurrency derivatives, FinecoBank does not.
While FinecoBank provides ACH or SEPA transfers and bank wires for depositing or withdrawing funds, it does not support PayPal, Skrill, or card transactions, unlike Spreadex, which facilitates payments via Visa or Mastercard alongside offering bank wire options but lacks ACH or SEPA transfer capabilities.
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 | FinecoBank | Spreadex | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Spreadex Review |
| Broker Screenshots | FinecoBank | Spreadex | |
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| Regulation | FinecoBank | Spreadex | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | No |
| Tier-2 Licenses (Trusted) | FinecoBank | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 10000 | |
| Forex Pairs (Total) | 54 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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 | FinecoBank | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| 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 | FinecoBank | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 8 | |
| Charting - Indicators / Studies (Total) | 37 | 58 | |
| Charting - Drawing Tools (Total) | 7 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | N/A | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | Spreadex | |
|---|---|---|---|
| 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 | FinecoBank Review | Spreadex Review |
| Overall | FinecoBank | Spreadex | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Spreadex Review |
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