Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs ThinkMarkets, 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.
FinecoBank, established in 1999, is a publicly traded bank with a high ForexBrokers.com Trust Score of 94 out of 99, indicating it is highly trusted. Known for its solid regulatory standing, FinecoBank holds two Tier-1 licenses, which are considered highly trusted, but does not possess any Tier-2 licenses. Being a bank, it adds an additional layer of trust and security for its clients.
On the other hand, ThinkMarkets, started in 2010, is not publicly traded and operates as a brokerage firm with a strong Trust Score of 92 out of 99, ranking it among the highly trusted as well. ThinkMarkets excels in regulatory compliance with five Tier-1 licenses and two Tier-2 licenses, both regarded as highly trusted and trusted, respectively. Although not a bank, ThinkMarkets has secured a broad range of licenses, suggesting a commitment to maintaining client trust and safety in its operations.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 5 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing the commissions and fees of online brokers FinecoBank and ThinkMarkets, both have some limitations in transparency. FinecoBank does not publish average spread data for forex and CFD trading, making it difficult to gauge the exact trading costs. The broker lists a spread of 1 pip for EUR/USD, which is higher than the typical spread offered by many forex brokers. It also mentions a spread of 0.8 pips, but without specifying whether these figures represent average values or providing a date range. However, FinecoBank may offer more competitive spreads on index CFDs.
On the other hand, ThinkMarkets also lacks detailed average spread data, which can leave traders uncertain about potential trading expenses. Despite this, ThinkMarkets receives a slightly higher rating for its commissions and fees compared to FinecoBank, albeit without specific spread figures available to clearly outline the costs involved.
In terms of ratings, FinecoBank garners a 3.5-star rating for its commissions and fees, ranked at #50 out of 62 brokers according to ForexBrokers.com. ThinkMarkets achieves a higher rating with 4 stars, ranking #48 in the same category. While neither broker provides comprehensive average spread data, ThinkMarkets appears to offer a marginally better deal, based on their ratings and rankings.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.1 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and ThinkMarkets both cater to forex traders, offering forex trading as a CFD and spot contract. FinecoBank leads the way with an extensive lineup of 9,770 tradeable symbols and 54 forex pairs, while ThinkMarkets provides a solid 4,000 symbols and 46 forex pairs. For those seeking to invest in stocks, FinecoBank has the advantage, supporting exchange-traded securities on both U.S. and international exchanges. In contrast, ThinkMarkets does not offer direct access to buy U.S. stocks but allows trading on international exchanges.
When it comes to advanced trading options, ThinkMarkets shines with its offering of copy trading and cryptocurrency derivatives, although neither broker provides the facility to purchase actual cryptocurrencies. FinecoBank, while lacking in these areas, still garners a high rating of 4.5 stars for its range of investments, tying with ThinkMarkets in this category. According to ForexBrokers.com rankings, FinecoBank is placed slightly higher, securing 16th position out of 62 brokers, compared to ThinkMarkets' 21st placement, reflecting FinecoBank's slightly broader investment offering.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 4000 |
| Forex Pairs (Total) | 54 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| 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.
FinecoBank and ThinkMarkets are both prominent online brokers with a variety of trading platforms and tools, but their offerings differ slightly. FinecoBank provides a proprietary platform built in-house, available for both desktop download on Windows and as a web-based application. However, it lacks simulated trading through a virtual demo account, which might be a drawback for those new to trading who are looking to practice before committing real funds. On the other hand, ThinkMarkets supports a proprietary platform as well as the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with a free virtual demo account to test strategies without financial risk.
When it comes to additional tools and features, ThinkMarkets offers copy trading and direct trading from stock charts, which might appeal to traders interested in social trading and more dynamic trading functionality. Additionally, ThinkMarkets provides 15 chart drawing tools and 15 columns for watch lists, in contrast to FinecoBank's 7 chart drawing tools. Both brokers achieve a strong 4-star rating for their trading platforms and tools, though FinecoBank edges ahead slightly in the rankings by ForexBrokers.com, placing 18th compared to ThinkMarkets' 28th position. Overall, the choice between these two would depend on whether you prioritize more technical indicators and social trading options with ThinkMarkets or prefer FinecoBank’s proprietary solutions and ranking edge.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 15 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FinecoBank and ThinkMarkets offer options for iPhone and Android users, providing stock or forex price alerts for their clients. However, FinecoBank falls short in several areas compared to ThinkMarkets, especially when it comes to charting and watchlist functionalities. FinecoBank offers only 6 technical studies in its charting tool and does not support drawing trendlines or autosaving drawings on charts. On the other hand, ThinkMarkets provides a much richer experience, allowing users to access 94 technical studies, draw trendlines, and autosave their chart interactions. Both platforms allow viewing of different time frames, but only ThinkMarkets provides the ability to create watchlists with real-time quotes, which is a notable difference for active traders.
Despite having similar mobile trading app ratings of 4 stars each, ThinkMarkets is ranked higher by ForexBrokers.com, coming in at #20 out of 62 brokers compared to FinecoBank's #42 ranking. This indicates that users might find ThinkMarkets' app more suited to advanced trading needs, thanks to its comprehensive features and functionalities. Both apps lack watchlist symbol syncing, so traders need to manually update changes across different devices. Overall, users prioritizing advanced charting and real-time watchlist features might prefer ThinkMarkets, while those looking for basic trading functions could consider FinecoBank.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 94 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FinecoBank and ThinkMarkets, it's clear that both brokers have unique strengths. FinecoBank excels with a higher research rating and an impressive 33rd ranking among 62 brokers. They provide forex news from top sources like Bloomberg and Reuters, which gives traders access to high-quality information. Their economic calendar is also a reliable tool for keeping track of important global events. However, they lack features such as daily market commentary and do not offer tools for technical analysis from companies like Autochartist or Trading Central.
ThinkMarkets, though slightly lower in overall research ranking at 50th place, offers some distinct advantages. They provide daily market commentary and have a sentiment-based trading tool, which can be particularly helpful for traders interested in gauging market moods. They also offer tools from Acuity Trading, like Signal Centre, that can aid in making informed decisions. Like FinecoBank, ThinkMarkets also supplies forex news from reputable sources and includes an economic calendar. However, they, too, miss out on offering technical analysis tools from Autochartist and Trading Central. Overall, each broker has its unique benefits, catering to different trading needs and preferences.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, FinecoBank and ThinkMarkets each have their own strengths. FinecoBank offers monthly online webinars that can help novices get a live understanding of trading dynamics, alongside a collection of beginner-focused videos covering essential trading topics. They also feature a comprehensive investor dictionary, making them a handy resource for learning key terms. However, FinecoBank falls short on offering advanced educational videos for seasoned traders and does not have a searchable archive of past webinars or a large selection of forex or CFD-specific educational content.
ThinkMarkets, on the other hand, offers a rich depository of educational materials with over ten resources specifically on forex and CFDs, which newcomers are likely to find highly beneficial. They provide regular educational webinars and maintain a searchable archive for those sessions, enhancing accessibility to learning at one’s own pace. Like FinecoBank, they also offer a beginner series of educational videos and a detailed investor dictionary. However, ThinkMarkets does better in advanced educational offerings and maintains a slightly lower star rating and ranking in education compared to FinecoBank. Despite these differences, both brokers provide valuable resources that cater to various levels of trading expertise.
| Feature |
FinecoBank
|
ThinkMarkets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 FinecoBank is better than ThinkMarkets. FinecoBank finished with an overall rank of #25, while ThinkMarkets finished with an overall rank of #27.
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
|
ThinkMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 92 |
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Comparing online brokers, FinecoBank does not offer options to buy either actual cryptocurrency or cryptocurrency derivatives, whereas ThinkMarkets does not provide the ability to purchase actual cryptocurrency but does offer cryptocurrency derivatives.
FinecoBank supports ACH and SEPA transfers along with bank wires for depositing or withdrawing funds, while ThinkMarkets offers bank wires and supports Visa/Mastercard and Skrill, but neither platform provides PayPal as a payment option.
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 | ThinkMarkets | |
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| Trust Score | 94 | 92 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | ThinkMarkets | |
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| Regulation | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Trust Score | 94 | 92 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 5 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | Yes | |
| 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 | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 4000 | |
| Forex Pairs (Total) | 54 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| 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 | ThinkMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.1 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 15 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| 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 | 94 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| 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 |
| Overall | FinecoBank | ThinkMarkets | |
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| Trust Score | 94 | 92 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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