Written by ForexBrokers.com
In this head to head comparison of Fineco 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 Fineco and Spreadex were founded in 1999, providing a seasoned presence in the online brokerage landscape. However, when it comes to trust and regulation, there are notable differences. Fineco, not only being a publicly traded entity but also a bank, bolsters its trustworthiness with a ForexBrokers.com Trust Score of 94, reflecting a very high level of trust. It holds two Tier-1 licenses, further cementing its status as a highly regulated broker.
On the other hand, Spreadex, which is not publicly traded and not a bank, holds a ForexBrokers.com Trust Score of 71, indicating an average level of risk. Spreadex possesses one Tier-1 license, which shows some level of regulation, but lacks Tier-2 licenses. These distinctions in regulation and business structure might be critical factors for potential clients evaluating the trust and credibility of each broker.
| Feature |
Fineco
|
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 Fineco and Spreadex based on commissions and fees, Fineco presents some challenges due to its lack of published average spread data for forex and CFD trading. For instance, Fineco lists a spread of 1 pip for the EUR/USD pair, which is higher than the typical spreads offered by other forex brokers. They also mention a spread of 0.8 pips, though no average values or specific date ranges are supplied, making it tough to gauge their exact trading costs. However, for index CFDs, Fineco's spreads appear to be lower.
In contrast, Spreadex provides clear information regarding their spreads. In January 2024, Spreadex reported an average spread of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips available 60% of the time during that month. This transparency helps traders understand potential costs more accurately when trading with Spreadex.
Overall, Fineco is rated 3.5 stars for commissions and fees, ranking it at #51 out of 63 brokers as evaluated by ForexBrokers.com. Meanwhile, Spreadex boasts a higher rating of 4 stars, placing it at #27 in the same category. These rankings highlight Spreadex as the more cost-effective option for traders concerned about commissions and fees.
| Feature |
Fineco
|
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.
When comparing Fineco and Spreadex for their range of investments, both offer competitive options for forex trading as CFDs or spot contracts. Fineco provides 54 tradeable forex pairs, slightly edging out Spreadex, which offers 52 pairs. However, Spreadex boasts a broader selection of tradeable symbols with a total of 10,000, compared to Fineco’s 9,770. Notably, Fineco stands out by allowing clients to purchase exchange-traded securities on both U.S. and international exchanges, a feature that Spreadex does not offer.
In terms of cryptocurrency investments, neither platform allows for the purchase of actual cryptocurrencies, though Spreadex does offer trading in cryptocurrency derivatives, which Fineco does not. Despite these differences, Spreadex earns a perfect 5-star rating for its range of investments, compared to Fineco's 4.5 stars. Spreadex also ranks slightly higher on ForexBrokers.com in the Range of Investments category, placing 13th out of 63 brokers, while Fineco ranks 16th. Thus, both platforms offer robust investment opportunities, but each has unique strengths that cater to different investor needs.
| Feature |
Fineco
|
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 choosing between Fineco and Spreadex for trading platforms and tools, both brokers have their unique strengths. Fineco boasts a proprietary platform alongside a Windows-based desktop download option, catering to users who prefer software installation on their computers. In contrast, Spreadex offers the flexibility of a web-based platform, making it accessible without additional downloads but lacks a desktop option. While both brokers provide in-house developed platforms, Spreadex distinguishes itself by offering a simulated trading experience with a virtual demo account, a feature Fineco does not provide. However, neither broker supports popular platforms like MetaTrader 4 or MetaTrader 5, nor do they offer copy trading or integration with social trading services such as DupliTrade or ZuluTrade.
In terms of charting tools, Spreadex provides more versatility with 11 drawing tools and the additional ability to trade directly from a chart, whereas Fineco offers just 7 drawing tools and lacks chart trading functionality. Furthermore, Spreadex accommodates diverse trading strategies with eight customizable columns in their watch lists, a feature not available with Fineco. Despite Fineco's higher rank at 18 compared to Spreadex's 46, both brokers are rated 4 stars by ForexBrokers.com for their trading platforms and tools, indicating solid performance in this category. Ultimately, the choice between Fineco and Spreadex will depend on the user's preference for platform style and specific toolset requirements.
| Feature |
Fineco
|
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 comparing the mobile trading apps of Fineco and Spreadex, both platforms offer access on iPhone and Android devices, enabling users to trade on the go. Each app supports stock and forex price alerts, allowing traders to stay informed about market movements. Despite this, neither Fineco nor Spreadex provides watchlist symbol syncing, a feature that may benefit users looking to maintain seamless access to their watchlists across different devices. Fineco's app includes six technical studies for charting, whereas Spreadex does not provide specifics for its chart studies, but it does allow users to draw trendlines, a feature not available in Fineco’s offering.
In terms of viewing stock or forex charts, both mobile apps allow users to view multiple time frames, however, neither app auto saves drawings, which may be a consideration for some traders. A notable distinction is that Spreadex offers the ability to create watchlists with real-time quotes, a functionality not provided by Fineco. Both trading apps are rated four out of five stars; however, Fineco ranks slightly higher at 42nd compared to Spreadex's 46th position among mobile trading apps by ForexBrokers.com. While each app holds similar ratings, these differences could influence a trader's choice, depending on the specific needs and preferences for mobile trading features.
| Feature |
Fineco
|
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 Fineco and Spreadex for market research offerings, several factors come into play. Spreadex stands out by providing daily market commentary, a valuable resource for traders looking to stay updated on market trends. Both brokers offer forex news from top-tier sources like Bloomberg and Reuters, ensuring access to high-quality information. Although Spreadex benefits from the technical analysis tools offered by Autochartist, neither broker benefits from tools by Trading Central. An advantage held by Spreadex is its sentiment-based trading tool, which gives traders insights into market positions on currency pairs, while this feature is absent from Fineco.
Both Fineco and Spreadex provide essential economic calendars that track global news events, essential for traders planning their strategies. While neither offers research tools from Acuity Trading or insights from TipRanks, both are reasonably rated, with Fineco holding a 4.0-star research rating and Spreadex closely following at 4 stars. In terms of overall ranking by ForexBrokers.com, Spreadex is slightly ahead at #31 compared to Fineco's #33. When choosing between the two, the decision may hinge on the specific research tools and commentary updates valued by traders.
| Feature |
Fineco
|
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 Fineco and Spreadex in terms of educational resources for beginner traders, there are clear distinctions. Fineco provides online educational webinars every month, a valuable tool for learners who appreciate real-time interaction. However, they lack a significant library of forex or CFDs educational materials, with less than the required minimum of 10 pieces. On the brighter side, Fineco offers over 10 beginner training videos and a comprehensive investor dictionary comprising over 50 trading terminologies, laying a solid foundation for those new to trading.
On the other hand, Spreadex excels in delivering more than 10 educational resources focused on forex and CFDs, which can greatly benefit users interested in these trading areas. Unfortunately, Spreadex lags in providing interactive online webinars, a feature some might find crucial for dynamic learning. Like Fineco, Spreadex supplies over 10 beginner-oriented videos and an extensive investor dictionary, aiding novice traders in understanding essential concepts. Both platforms share a 4-star rating in education, yet their elements and learning opportunities differ, with Fineco focusing more on ongoing webinars and Spreadex on foundational content in forex and CFDs.
| Feature |
Fineco
|
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 63 of the best forex brokers, our research and account testing finds that Fineco is better than Spreadex. Fineco 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 |
Fineco
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Spreadex
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 71 |
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While neither Fineco nor Spreadex offers the ability to buy actual delivered cryptocurrency, Spreadex provides options for trading cryptocurrency derivatives, unlike Fineco.
Fineco and Spreadex cater to different preferences for managing funds, with Fineco providing ACH and SEPA transfers as well as bank wire options, while Spreadex does not support ACH or SEPA, but accepts Visa, Mastercard, and also offers bank wires; both platforms do not support PayPal or Skrill for deposits or withdrawals.
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 | Fineco | Spreadex | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | Fineco Review | Spreadex Review |
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| Regulation | Fineco | 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) | Fineco | 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) | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco Review | Spreadex Review |
| Overall | Fineco | Spreadex | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | Fineco Review | Spreadex Review |
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