Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote, established in 1996, and Fineco, founded in 1999, are both publicly traded online brokers that also operate as banks. When it comes to trust and regulation, Swissquote stands out with a perfect ForexBrokers.com Trust Score of 99. It holds 5 Tier-1 licenses and 2 Tier-2 licenses, signaling a high level of credibility in the financial world. In comparison, Fineco, with a strong Trust Score of 94, maintains 2 Tier-1 licenses but lacks any Tier-2 licenses, indicating a slightly different regulatory landscape.
Both brokers are considered highly trustworthy, but Swissquote offers more extensive regulatory oversight thanks to its additional Tier-1 and Tier-2 licenses. This difference might be a decisive factor for traders who prioritize regulatory compliance and oversight in their broker selection process. Both companies being publicly traded adds a layer of transparency, which further enhances their credibility in the eyes of investors.
| Feature |
Swissquote
|
Fineco
|
|---|---|---|
| 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 comparing the commissions and fees of online brokers Swissquote and Fineco, both platforms offer distinct pricing structures that may appeal to different types of investors. Swissquote, a reputable Swiss banking conglomerate, provides diverse account options across its various entities in the U.K., Luxembourg, and Switzerland. While trading with Swissquote is generally reliable, the costs involved can be slightly higher. For instance, Swissquote in the U.K. offers competitive pricing through its Elite account, with a $5 commission per round-turn trade and lower spreads for active traders. Conversely, the Swiss branch features spreads starting at 1.7 pips for its Standard account, which can go as low as 1.1 pips for Prime account holders, though trading costs remain above the industry average in some cases. Swissquote earns a commission and fee rating of 3.5 stars and is ranked #53 out of 63 brokers by ForexBrokers.com.
Fineco, on the other hand, presents a slightly different scenario, particularly for forex and CFD trading, as average spread data is not publicly disclosed, leaving some uncertainty in evaluating true trading expenses. Fineco lists a 1 pip spread for the EUR/USD, which sits above what is typically offered by competitors. However, potential benefits can be found in lower spreads for its index CFDs, which may attract investors with an interest in those products. Fineco also garners a 3.5-star rating for commissions and fees but is ranked somewhat higher at #51 out of 63 brokers in ForexBrokers.com's analysis.
In conclusion, both Swissquote and Fineco provide tailored options that cater to various investor needs, though with notable differences in transparency and structure of commissions and fees. Swissquote may appeal to those who value a well-established banking institution with comprehensive account options, while Fineco might be appealing to investors seeking slightly more competitive CFD trading costs, despite the lack of average spread transparency for forex trades.
| Feature |
Swissquote
|
Fineco
|
|---|---|---|
| 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 Swissquote to Fineco in terms of investment options, both brokers offer a wide array of opportunities for traders. Swissquote provides access to forex trading through both CFD and spot contracts, featuring a notable selection of 80 forex pairs. In contrast, Fineco also supports forex trading via CFD and spot contracts, but with a slightly smaller array of 54 forex pairs. However, Fineco impresses with a vast number of tradeable symbols totaling 9,770, far exceeding Swissquote's 472 symbols. Furthermore, both brokers allow clients to invest in exchange-traded securities on U.S. and international exchanges, letting traders purchase shares such as Apple and Vodafone directly. Where Swissquote stands out is its support for copy trading and the ability to buy actual cryptocurrencies, which aren't available with Fineco. Swissquote also offers the option to purchase cryptocurrency derivatives, a feature Fineco lacks.
In terms of recognition, Swissquote is rated 5 stars for its range of investments, ranking second among 63 brokers evaluated by ForexBrokers.com. Fineco is rated slightly lower, with a 4.5-star rating, positioning it at 16th place in the same category. Despite having fewer forex pairs and lacking in crypto options compared to Swissquote, Fineco makes up for it with its extensive range of symbols, ensuring that traders looking for variety will find plenty of opportunities. This makes Fineco a compelling choice for those who prioritize quantity in their trading strategy, while Swissquote appeals to those looking for comprehensive offerings that include modern trading features like cryptocurrency trading and copy trading.
| Feature |
Swissquote
|
Fineco
|
|---|---|---|
| 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 it comes to online trading platforms and tools, Swissquote and Fineco offer unique strengths that cater to different trader needs. Swissquote shines with its extensive offerings, including a simulated trading feature with a free virtual demo account, making it ideal for those looking to practice without risk. It also supports popular trading software with MetaTrader 4 and 5, which are unavailable on Fineco. Both Swissquote and Fineco have their proprietary platforms, ensuring a tailored trading experience, but Swissquote stands out with additional features like copy trading and the ability to trade directly from a stock chart. Furthermore, Swissquote surpasses Fineco with 75 drawing tools for charting, compared to Fineco's 7, offering comprehensive resources for technical analysis.
While both platforms offer a Windows-based desktop download and a web-based trading platform, Swissquote's additional functionalities might explain its higher rankings and ratings. Swissquote is rated 4.5 out of 5 stars for its trading platforms and tools, and ranks #12 out of 63 brokers, highlighting its strong market presence. In comparison, Fineco, rated 4 stars and ranked #18, might appeal to traders who prefer a straightforward approach without the need for simulated accounts or advanced trading software like MetaTrader. Both brokers do not offer DupliTrade or ZuluTrade, focusing instead on their platform-specific features to attract and retain users.
| Feature |
Swissquote
|
Fineco
|
|---|---|---|
| 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 mobile trading apps, both Swissquote and Fineco offer options for iPhone and Android users, complete with stock or forex price alerts. However, there are differences in each app's features that could influence your choice. Swissquote stands out with its ability to draw trendlines on charts, offering 30 technical studies compared to Fineco's 6. Furthermore, Swissquote provides the flexibility to view charts in various time frames, and any drawings saved on these charts remain intact, enhancing user experience for traders who rely on these features. Importantly, Fineco does not support drawing trendlines or saving such customizations, which may hinder a seamless trading process for some users.
When it comes to managing watchlists, both apps fall short in syncing symbol changes between your mobile app and online account. Yet, Swissquote leads the way with the ability to create real-time quote watchlists, an option not available on Fineco's app. This advantage is reflected in the ratings: Swissquote garners a higher rating of 4.5 out of 5 stars, while Fineco receives 4 stars. Additionally, Swissquote holds a stronger position in the ForexBrokers.com rankings, securing the 12th spot among 63 brokers for mobile trading apps, quite a leap from Fineco’s 42nd position. These distinctions make Swissquote a preferred choice for those seeking a richer, more feature-packed mobile trading experience.
| Feature |
Swissquote
|
Fineco
|
|---|---|---|
| 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 Fineco for market research, Swissquote stands out with its daily market commentary, offering insights that Fineco doesn't match in this area. Both brokers provide forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to high-quality information. However, Swissquote provides an edge with tools from Autochartist for technical analysis, which Fineco does not offer. Both platforms lack support from Trading Central and don't have sentiment-based trading tools or tools from Acuity Trading. Moreover, Fineco is notedly absent of input from TipRanks market research.
Both Swissquote and Fineco offer comprehensive economic calendars to track global news events crucial for informed trading. While both have achieved a research rating of four stars, Swissquote ranks higher in the industry for research at 16th place compared to Fineco's 33rd out of 63 brokers, according to ForexBrokers.com. This difference highlights Swissquote's broader range of tools and insights available to traders seeking a diverse and informative trading experience.
| Feature |
Swissquote
|
Fineco
|
|---|---|---|
| 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 | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Swissquote and Fineco as online brokers for educational resources aimed at beginners, it's clear there are some differences in what each offers. Swissquote excels in providing a wide range of educational materials, with more than 10 pieces dedicated to forex and CFDs, which include articles, videos, and archived webinars. Meanwhile, Fineco does not have a similar offering for these specific topics. Both brokers do provide online educational webinars each month. However, Swissquote offers the added advantage of a searchable archive of past webinars, making it convenient for users to access previous sessions at their leisure.
In terms of video content, both Swissquote and Fineco offer more than 10 videos specifically designed for beginner traders. However, when it comes to advanced topics, only Swissquote provides over 10 videos catering to experienced traders. Both platforms offer an investor dictionary with extensive definitions, ensuring traders across all levels can familiarize themselves with important investing terminology. Despite both brokers receiving a 4-star rating for education, Swissquote is ranked higher at #21 compared to Fineco's #49 by ForexBrokers.com, highlighting Swissquote's slightly more comprehensive educational offerings.
| Feature |
Swissquote
|
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) | 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 Fineco. Swissquote finished with an overall rank of #11, while Fineco 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
|
Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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Swissquote allows users to purchase both actual delivered cryptocurrencies and cryptocurrency derivatives, while Fineco does not offer these options, providing a distinct advantage for those interested in comprehensive cryptocurrency trading opportunities.
When comparing online brokers Swissquote and Fineco regarding deposit and withdrawal options, both offer ACH or SEPA transfers and bank wires, but Swissquote provides more flexibility with additional options such as PayPal, Skrill, and Visa or Mastercard, whereas Fineco does not support these payment 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.
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0 of 5| Overall Rating | Swissquote | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Fineco Review |
| Broker Screenshots | Swissquote | Fineco | |
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| Regulation | Swissquote | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | ||
| 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 | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Swissquote | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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) | Yes | Yes |
| Major Forex Pairs | Swissquote | 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 | Swissquote Review | Fineco Review |
| Overall | Swissquote | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Fineco Review |
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