Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote, established in 1996, and FinecoBank, founded in 1999, are both publicly traded companies listed on stock exchanges and operate as banks. When comparing their regulatory standings, Swissquote holds a remarkably high position with five Tier-1 licenses and two Tier-2 licenses. FinecoBank, while also maintaining trust, possesses two Tier-1 licenses. In terms of overall trustworthiness, as gauged by ForexBrokers.com, Swissquote achieves the maximum Trust Score rating of 99, placing it in the highly trusted category.
FinecoBank, with a Trust Score rating of 94, is also considered highly trusted but just falls short of Swissquote's score. The difference in Tier-1 and Tier-2 licenses further highlights Swissquote's extensive regulatory oversight compared to FinecoBank. Both options are reliable, yet Swissquote's regulatory credentials and slightly higher trust rating provide a notable advantage for those prioritizing security and compliance in online trading.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When it comes to understanding the commissions and fees of Swissquote, the allure lies in the prestige of being part of a Swiss banking institution, albeit at a higher price point. Swissquote's trading costs, which vary across its U.K., Swiss, and Luxembourg branches, are generally less competitive compared to the cheapest forex brokers. The U.K. branch offers lower fees and a reduced deposit threshold with narrower product options. For a more cost-effective trading experience, the Elite account at Swissquote U.K. is the best choice for active traders who can deposit at least $10,000, with a $5 charge per round-turn trade. Conversely, the Standard account, with EUR/USD spreads starting at 1.3 pips, may not be as attractive for those seeking low costs.
FinecoBank, on the other hand, doesn't provide granular average spread data, which makes it challenging to pinpoint exact trading costs. However, it lists a spread of 1 pip for the EUR/USD, which is relatively higher than most forex brokers. While Fineco mentions a spread of 0.8 pips, the absence of average value clarification and date range for these figures adds to the opacity. Scores suggest Fineco may offer slightly better spreads on index CFDs compared to forex transactions.
In a broader competitive context, both Swissquote and FinecoBank receive a 3.5-star rating for their commissions and fees structures. Regarding their standings among 63 brokers ranked by ForexBrokers.com, Swissquote falls slightly behind at #53, while FinecoBank secures the #51 position. This subtle difference in rankings can influence traders who prioritize cost-effectiveness in their broker selection process.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 range of investments available at Swissquote and FinecoBank, both brokers offer forex trading through CFDs or spot contracts. However, FinecoBank stands out with 9,770 tradeable symbols compared to Swissquote's 472. Despite FinecoBank’s broader array of tradeable symbols, Swissquote offers a greater selection of forex pairs with 80 options versus FinecoBank’s 54. Both platforms provide access to U.S. and international exchange-traded securities, allowing traders to acquire shares from renowned companies like Apple and Vodafone.
Moreover, Swissquote offers additional features like copy trading and the ability to purchase actual cryptocurrencies, whereas FinecoBank doesn’t. FinecoBank also doesn't provide cryptocurrency derivatives, unlike Swissquote, which does. In terms of ratings, Swissquote is heralded with a 5-star rating for its range of investments, placing it second out of 63 brokers on ForexBrokers.com, while FinecoBank earns a 4.5-star rating, coming in sixteenth. This distinction highlights Swissquote's strong position for users seeking diverse investment opportunities and advanced features.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 9770 |
| Forex Pairs (Total) | 80 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | 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). | 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 Swissquote and FinecoBank for their trading platforms and tools, Swissquote offers a wider range of features that cater to various types of traders. For those interested in simulated trading, Swissquote provides a free virtual demo account, which FinecoBank does not. Both brokers offer proprietary platforms and Windows-based desktop interfaces, alongside web-based platforms for browser access. However, Swissquote extends its platform offerings with the inclusion of MetaTrader 4 (MT4) and MetaTrader 5 (MT5), unlike FinecoBank. Furthermore, Swissquote supports copy trading, providing more opportunities for traders who wish to mirror strategies, while this feature is lacking in FinecoBank.
In terms of charting capabilities, Swissquote stands out by offering a substantial set of 75 drawing tools, while FinecoBank lags behind with just 7. Swissquote further enhances trading convenience by enabling users to trade directly from stock charts, a feature not available with FinecoBank. When it comes to organizing trading information, Swissquote provides up to 11 fields for watch lists, though this feature is not specified for FinecoBank. Ratings reflect these differences, with Swissquote earning 4.5 out of 5 stars for its trading platforms and tools, surpassing FinecoBank's 4 stars. Ranking among 63 brokers, Swissquote secures the 12th position, while FinecoBank is positioned at 18th. Swissquote's platform and tools offerings make it a more comprehensive choice for traders seeking versatile and advanced trading options.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 37 |
| Charting - Drawing Tools (Total) | 75 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 11 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and FinecoBank, both platforms provide apps for iPhone and Android users, alongside essential features such as stock and forex price alerts. However, Swissquote sets itself apart with a more comprehensive charting experience, offering 30 technical studies compared to FinecoBank's six. Additionally, Swissquote's app allows users to draw trendlines and automatically save these drawings, enhancing its usability for traders who rely on visual tools to make critical decisions. Both apps allow viewing multiple time frames but differ in their handling of real-time watchlists — Swissquote makes it possible, whereas FinecoBank does not.
Ratings from ForexBrokers.com further highlight the differences in user satisfaction, granting Swissquote's app a rating of 4.5 stars and a ranking of 12th out of 63 brokers for mobile trading apps. On the other hand, FinecoBank's app holds a respectable four-star rating but falls behind with a 42nd-place ranking. This suggests Swissquote might be the preferred choice for those who prioritize advanced charting features and real-time functionalities in mobile trading solutions.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Swissquote and FinecoBank for market research features, both brokers provide valuable resources, but some differences stand out. Swissquote offers daily market commentary alongside forex news from renowned sources like Bloomberg and Reuters. Additionally, it features technical analysis tools from Autochartist and an economic calendar with global events. On the other hand, FinecoBank provides reputable forex news as well as an economic calendar, though it lacks daily market commentary and tools from Autochartist.
In terms of research quality, Swissquote and FinecoBank both receive favorable ratings, each earning 4 out of 5 stars. However, Swissquote holds a higher position, ranking 16th among 63 brokers according to ForexBrokers.com, while FinecoBank is ranked 33rd. This suggests that while both platforms are competent, Swissquote edges ahead in the market research category due to its broader range of available tools and commentary.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners between Swissquote and FinecoBank, there are some notable differences. Swissquote provides a comprehensive suite for newbies, offering more than ten educational pieces focused on forex or CFDs. In contrast, FinecoBank lacks this specific content for beginners in forex or CFDs. Both brokers hold monthly online educational webinars, although only Swissquote offers a searchable archive of past webinars, allowing users to catch up on any missed sessions at their convenience. While both brokers cater to beginners with at least ten introductory videos, Swissquote also extends its offerings to advanced traders with additional advanced educational content.
In terms of extra resources, both brokers present an investor dictionary that contains over 50 investing terms, assisting beginners in grasping the language used in trading. The overall educational ratings reflect these offerings, with both Swissquote and FinecoBank earning a solid 4-star rating. However, when it comes to rankings by ForexBrokers.com, Swissquote holds a more favorable position at #21, compared to FinecoBank's position at #49 out of 63 brokers. This indicates Swissquote's broader and more in-depth approach to education, particularly beneficial for those eager to delve into both beginner and advanced trading topics.
| Feature |
Swissquote
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than FinecoBank. Swissquote finished with an overall rank of #11, while FinecoBank finished with an overall rank of #25.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
FinecoBank
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 94 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing online brokers Swissquote and FinecoBank, Swissquote stands out as it allows investors to buy both actual delivered cryptocurrency and cryptocurrency derivatives, whereas FinecoBank does not offer the option to buy actual delivered cryptocurrency or cryptocurrency derivatives.
Both Swissquote and FinecoBank provide ACH or SEPA transfers and bank wires for depositing or withdrawing account funds, but only Swissquote supports PayPal, Skrill, and Visa or Mastercard options, making it more versatile for users seeking varied funding methods.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FinecoBank Review |
| Broker Screenshots | Swissquote | FinecoBank | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Swissquote | FinecoBank | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1996 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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 | Yes |
| Tier-2 Licenses (Trusted) | Swissquote | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | 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 | Swissquote | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 9770 | |
| Forex Pairs (Total) | 80 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | 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). | 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 | Swissquote | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Swissquote | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | Yes |
| Trading Platforms | Swissquote | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 11 | N/A | |
| Charting - Indicators / Studies (Total) | 86 | 37 | |
| Charting - Drawing Tools (Total) | 75 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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) | Yes | Yes |
| Major Forex Pairs | Swissquote | 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 | Swissquote Review | FinecoBank Review |
| Overall | Swissquote | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FinecoBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill