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 commissions and fees, FinecoBank and Spreadex reveal some key differences that might impact a trader's decision. FinecoBank does not disclose the average spreads for its forex and CFD trading, which makes it challenging to gauge the actual trading costs. While FinecoBank lists a spread of 1 pip for the EUR/USD and mentions a spread of 0.8 pips, neither is confirmed as an average value. Despite this, FinecoBank seems to have more competitive spreads on its index CFDs. FinecoBank holds a 3.5-star rating for commissions and fees and is ranked 51st out of 63 brokers by ForexBrokers.com.
In contrast, Spreadex provides clearer data on its trading costs. In January 2024, Spreadex reported an average spread of 0.81 pips for EUR/USD, with the minimum spread of 0.6 pips available 60% of the time during the month. Such transparency may be advantageous for traders who prioritize cost efficiency. With a 4-star rating for commissions and fees, Spreadex is ranked significantly higher at 27th among 63 brokers, according to ForexBrokers.com.
In conclusion, Spreadex seems to offer more competitive and transparent pricing, making it more appealing to traders concerned about fees. Its higher star rating and better ranking reflect its relatively lower trading costs compared to FinecoBank, which still provides competitive index CFD spreads but lacks clarity in its forex and CFD trading fees.
| 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.
When comparing the range of investments between FinecoBank and Spreadex, both brokers offer forex trading as a CFD or spot contract, providing traders with a versatile platform to engage with the foreign exchange market. FinecoBank provides access to an impressive 9,770 tradeable symbols, which slightly trails Spreadex's offering of 10,000 symbols. However, when focusing on forex pairs, FinecoBank provides 54 pairs compared to Spreadex's 52. What's more, FinecoBank stands out by offering direct access to exchange-traded securities on both U.S. and international exchanges, allowing investors to purchase shares of companies like Apple and Vodafone, an option not available with Spreadex.
While neither broker offers copy trading or the ability to purchase actual cryptocurrency, Spreadex allows investment in cryptocurrency derivatives, adding a layer of diversity to its range of investments. FinecoBank is rated at 4.5 stars for its investment offerings by ForexBrokers.com, placing it at #16 among 63 brokers. On the other hand, Spreadex earns a 5-star rating for its wider range of investment options, achieving a #13 ranking. These distinctions highlight how each platform caters to different investment preferences and priorities.
| 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 it comes to trading platforms and tools, FinecoBank and Spreadex both offer unique features tailored to different trader needs. FinecoBank provides a proprietary platform that can be downloaded on Windows-based desktops, making it a suitable choice for those who prefer dedicated software. It also offers a convenient web-based trading platform, although it lacks a demo trading account for practice. Spreadex, on the other hand, offers its own in-house web-based platform that allows for direct trading from stock charts, making it a user-friendly choice for active traders. Additionally, Spreadex provides the advantage of a virtual demo account, ideal for beginners looking to practice their strategies without any financial risk.
In terms of charting tools, Spreadex outshines FinecoBank by offering 11 drawing tools compared to FinecoBank's seven, despite both not supporting third-party platforms like MetaTrader 4 or 5. For those who rely on watch lists, Spreadex provides more options, with eight columns to customize. While both platforms have received a four-star rating for their trading tools, FinecoBank ranks higher overall, coming in at #18 against Spreadex’s #46 out of 63 brokers ranked by ForexBrokers.com. This distinction highlights FinecoBank’s commitment to delivering a competitive trading environment, yet both platforms provide solid choices depending on the trader's specific 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.
FinecoBank and Spreadex both offer versatile mobile trading apps for iPhone and Android users. Both platforms provide access to real-time price alerts for stocks and forex, ensuring traders stay informed on market shifts. However, FinecoBank lacks the option to create watchlists with real-time quotes, unlike Spreadex which supports this feature. FinecoBank and Spreadex users can view multiple time frames on charts, but Spreadex also enables drawing trendlines, adding more flexibility for technical analysis. Despite these differences, neither app supports watchlist symbol syncing between mobile and online accounts, and neither auto-saves chart drawings.
In terms of charting capabilities, FinecoBank offers six technical studies while Spreadex does not specify its offerings in this area. The ForexBrokers.com rankings placed FinecoBank slightly ahead of Spreadex in the mobile trading apps category, with rankings of 42 and 46, respectively. Both apps received a four-star rating, indicating a generally positive user experience. While FinecoBank's app has slight limitations in watchlist management and charting features, its broad charting options compared to Spreadex might cater better to technically inclined traders. Ultimately, the choice between these two apps may depend on specific feature preferences and trading strategies.
| 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.
FinecoBank and Spreadex both offer traders valuable resources for making informed decisions, although their offerings vary in certain areas. Spreadex excels with daily market commentary, providing regular updates and insights into market trends, a service FinecoBank does not provide. However, both brokers provide forex news from distinguished sources like Bloomberg and Reuters, ensuring clients receive top-tier information. Spreadex stands out further with tools like Autochartist, which aids in technical analysis, combined with a sentiment-based trading tool that FinecoBank lacks. Meanwhile, both brokers offer an economic calendar to keep traders aware of significant global events.
When it comes to research ratings, FinecoBank and Spreadex are equally matched with a 4-star rating. Both brokers appear close in ForexBrokers.com's rankings as well, with FinecoBank positioned at #33 and Spreadex slightly ahead at #31, out of 63 evaluated brokers. Although FinecoBank might have a few more limitations in terms of available tools for trading analysis, particularly compared to Spreadex's additional features, both brokers offer sturdy support for keeping traders informed about major economic shifts.
| 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 considering educational resources for beginners, FinecoBank and Spreadex have their own strengths and weaknesses. FinecoBank shines with its regular online educational client webinars, offering at least one each month. They also provide more than ten beginner-friendly educational videos, ensuring that new traders can easily find materials to help them get started. Additionally, FinecoBank includes an investor dictionary with over 50 investing terms, making it easier for novices to grasp key concepts. However, they fall short in offering a substantial collection of forex or CFDs-focused educational pieces and do not provide a searchable archive of past webinars.
On the other hand, Spreadex offers a strong collection of educational resources with a focus on forex and CFDs, providing over ten pieces including articles, videos, and webinars tailored to beginners. Like FinecoBank, Spreadex also offers more than ten beginner educational videos and a useful investor dictionary. Despite lacking regular online educational webinars and a searchable archive of recorded sessions, Spreadex matches FinecoBank's 4-star education rating and slightly edges them out in the ForexBrokers.com education ranking by holding the 45th spot compared to FinecoBank's 49th. Both brokers provide valuable resources for beginner traders, but each excels in different areas.
| 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 63 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
|
|---|---|---|
| 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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