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 comparing Swissquote and FinecoBank on commissions and fees, it's evident that both brokers have unique offerings with similar ratings but notable differences in their pricing structures. Swissquote, known for its Swiss banking allure, tends to charge slightly higher fees, largely dependent on the location of its accounts. Its UK branch offers lower costs compared to its Swiss and Luxembourg branches. For UK-based accounts, active traders might find the Elite account favorable due to lower spreads at a $10,000 deposit with a $5 charge per round-turn trade. Alternatively, the Standard account offers spreads starting at 1.3 pips, while the Prime account promises spreads from 0.6 pips. However, FinecoBank lacks transparency as it doesn't publish average spread data. It generally lists a spread of 1 pip for the EUR/USD, which is still above what many forex brokers offer. Additionally, Fineco does offer a 0.8 pip spread but fails to confirm if these figures are averages.
For traders looking for variety, Swissquote offers multiple account tiers in different regions, like Luxembourg and Switzerland, but each with distinct deposit requirements and spreads. The Luxembourg branch matches the UK in pricing, with spreads from 0.8 to 1.5 pips. Meanwhile, in Switzerland, options require a substantial deposit for competitive spreads, with the Prime account needing $50,000 for 1.1 pip spreads. FinecoBank, however, might appeal to those trading index CFDs due to potentially lower spreads, even though specifics remain unclear. Both Swissquote and FinecoBank rate 3.5 stars out of five for commissions and fees, despite FinecoBank being slightly better positioned, ranking #50 out of 62 brokers compared to Swissquote's #52 ranking.
Ultimately, choosing between Swissquote and FinecoBank involves evaluating the need for detailed transparency versus the allure of Swiss banking options. Swissquote provides diverse account options that cater to a range of trading levels, from casual to professional, albeit at a higher cost. Conversely, FinecoBank, though less forthright about average spreads, can still be economically appealing depending on the instruments traded, such as its index CFDs. Both brokers present advantages and challenges, making their selection largely dependent on individual trader priorities and trading style.
| 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 Swissquote and FinecoBank for their range of investments, both online brokers offer forex trading as either CFDs or spot contracts. Swissquote provides a smaller overall selection of tradeable symbols with 472 options, including 80 forex pairs, while FinecoBank boasts a much larger portfolio of 9,770 symbols with 54 forex pairs. Both Swissquote and FinecoBank allow investors to buy exchange-traded securities on U.S. and international exchanges, enabling trades on major companies like Apple and Vodafone. However, Swissquote offers more versatility by including options for copy trading and the purchase of actual cryptocurrencies, alongside cryptocurrency derivatives—features FinecoBank does not provide.
Despite FinecoBank's extensive list of tradeable symbols, Swissquote's diverse offerings afford it a clear edge in some key areas. Swissquote is rated five stars for its range of investments, securing the #2 rank out of 62 brokers according to ForexBrokers.com. FinecoBank, with a respectable 4.5-star rating, sits at #16 in the same ranking. Therefore, while FinecoBank offers an expansive array of options, Swissquote's comprehensive platform provides a blend of conventional investment opportunities and modern asset classes that might appeal to a broader range of investors.
| 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 the trading platforms and tools of Swissquote and FinecoBank, Swissquote stands out with its comprehensive features and flexibility. Swissquote provides a virtual demo account, allowing users to practice and perfect their trading strategies without risking real money. Both brokers offer proprietary trading platforms and Windows-based desktop applications, providing users with solid options across devices. However, Swissquote excels in offering copy trading and popular third-party platforms like MetaTrader 4 and MetaTrader 5, which FinecoBank does not provide. These features are coupled with Swissquote’s extensive charting tools, including 75 drawing tools and the ability to trade directly from stock charts, offering more comprehensive options for customization and analysis compared to FinecoBank's 7 drawing tools.
Both brokers support web-based platforms, ensuring easy access without needing additional downloads. Swissquote, however, garners higher praise with a 4.5-star rating for their trading platforms and tools, compared to FinecoBank's 4-star rating. Furthermore, Swissquote is ranked #12 out of 62 brokers by ForexBrokers.com in the Trading Platforms and Tools category, whereas FinecoBank is ranked #18. While both brokers provide solid trading solutions, Swissquote's additional features and higher ratings give it an edge for those seeking versatile and feature-rich trading environments. FinecoBank may also be a reliable choice, but it lacks some of the cutting-edge tools and functionalities offered by Swissquote.
| 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.
Swissquote and FinecoBank both provide iPhone and Android apps, allowing users to stay connected and manage trades on the go. Alerts for stock or forex prices are available with both platforms, but neither offers watchlist syncing between the mobile app and the online account. However, when it comes to charting tools, Swissquote leads with 30 technical studies compared to FinecoBank's six. Additionally, Swissquote allows users to draw trendlines and automatically saves these annotations, a feature not available in FinecoBank's app. Both apps let users view multiple time frames for in-depth analysis.
Swissquote offers the added advantage of creating watchlists with real-time quotes, unlike FinecoBank. These capabilities, complemented by its intuitive design, have earned Swissquote a user rating of 4.5 stars for its mobile trading app. Meanwhile, FinecoBank garners a respectable 4-star rating. Regarding industry rankings, Swissquote is positioned at #11 out of 62 brokers in the mobile trading apps category, whereas FinecoBank holds the #42 spot, reflecting Swissquote’s greater user satisfaction and comprehensive feature set.
| 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, both brokers offer valuable insights. Swissquote stands out with its daily market commentary, providing regular updates to keep traders informed. While both platforms deliver forex news from top sources like Bloomberg and Reuters, Swissquote goes a step further by incorporating Autochartist tools for technical and fundamental analysis, a feature not available with FinecoBank. Additionally, both brokers provide users with an economic calendar to help plan their trading around major global events.
Despite their differences, Swissquote and FinecoBank receive an equal research rating of four stars. However, Swissquote is ranked higher at #16 compared to FinecoBank's #33 placement in the ForexBrokers.com Research category. Neither platform provides Trading Central or sentiment analysis tools, but traders can rely on each for a comprehensive overview of market developments and events. By focusing on the type of analysis and commentary you prefer, you can make a well-informed choice between these two reputable online brokers.
| 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 offerings for beginners between Swissquote and FinecoBank, there are distinct differences that make each platform unique. Swissquote stands out with extensive materials on forex and CFDs, providing over 10 educational resources including articles, videos, and webinars. They also host regular online webinars and maintain a searchable archive of past sessions, making it easy for users to revisit valuable information. Furthermore, Swissquote offers a comprehensive library of both beginner and advanced educational videos, suitable for traders at different experience levels. Additionally, Swissquote provides an investor dictionary with over 50 investing terms, which aids users in expanding their financial vocabulary.
FinecoBank, on the other hand, offers some key educational features but with limitations compared to Swissquote. While they do provide educational webinars regularly, they do not maintain a searchable archive of recorded sessions. FinecoBank ensures their beginners have access to at least 10 educational videos covering basic trading topics, however, they fall short for advanced traders, as they do not offer a similar range of resources for more experienced users. Like Swissquote, FinecoBank offers an investor dictionary, helping users understand financial terminology. Despite these limitations, FinecoBank holds an identical education rating and is recognized for its efforts, though it ranks lower in comparison with Swissquote in educational categories.
| 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 62 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
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FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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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.
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0 of 5| Overall Rating | Swissquote | FinecoBank | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FinecoBank Review |
| Broker Screenshots | Swissquote | FinecoBank | |
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| 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 | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Swissquote Review | FinecoBank Review |
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