Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco and ThinkMarkets are two distinct online brokers with notable differences in their foundation, public status, and regulatory strength. Established in 1999, Fineco stands out as a publicly traded bank, providing a sense of security and trustworthiness. In comparison, ThinkMarkets began its journey in 2010 and is not publicly traded. When it comes to regulatory credentials, Fineco holds two Tier-1 licenses, lending to its highly trusted status backed by ForexBrokers.com's Trust Score of 94. These credentials highlight Fineco's reputation as a trusted broker in the financial industry.
ThinkMarkets, on the other hand, boasts a strong regulatory presence with five Tier-1 licenses and two Tier-2 licenses, resulting in a Trust Score of 92. Although it is not a bank like Fineco, the number of licenses it holds illustrates ThinkMarkets' commitment to maintaining a trusted position in the market. Understanding these distinctions can help potential clients make an informed decision when choosing an online broker that best meets their needs and trust preferences.
| Feature |
Fineco
|
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 commission and fee structures of Fineco and ThinkMarkets, both brokers present challenges in evaluating their true trading costs due to a lack of disclosed average spread data for forex and CFD trading. Fineco offers a spread of 1 pip and occasionally 0.8 pips on the EUR/USD pair, but these figures do not include average values or specify a date range, making it challenging for traders to discern the most cost-effective option. Nevertheless, Fineco does seem to offer more competitive spreads on its index CFDs.
ThinkMarkets also does not provide average spread data, complicating the direct comparison of trading costs between these two brokers. However, ThinkMarkets has earned a slightly higher rating in commissions and fees, suggesting some cost advantages over Fineco. Fineco has been rated 3.5 stars, whereas ThinkMarkets has achieved a 4-star rating in this category, indicating a more favorable fee structure.
In terms of ranking, Fineco secures the 51st position out of 63 brokers according to ForexBrokers.com for the Commissions and Fees category, while ThinkMarkets ranks slightly better at 47th. This slight edge for ThinkMarkets reflects its overall more appealing commission and fee framework compared to Fineco, based on the available assessments. This subtle difference might make ThinkMarkets a more attractive choice for cost-conscious traders.
| Feature |
Fineco
|
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.
When looking for a platform with a broad selection of investment options, Fineco and ThinkMarkets each have their own strengths. Both brokers cater to forex traders, offering forex as CFDs or spot contracts. Fineco stands out with an impressive selection of 9,770 tradeable symbols compared to ThinkMarkets’ 4,000. Forex enthusiasts will also find slightly more variety with Fineco, offering 54 forex pairs against ThinkMarkets' offering of 46 pairs. For those interested in the U.S. stock market, Fineco provides the option to buy exchange-traded securities, such as Apple shares, directly on U.S. exchanges—a service which ThinkMarkets does not offer. However, both platforms allow trading in international exchange-listed securities, like Vodafone shares.
While both Fineco and ThinkMarkets offer competitive ratings at 4.5 stars for their range of investments, there are notable differences in available services. ThinkMarkets has an edge for traders interested in copy trading and cryptocurrency derivatives, which Fineco does not offer. In terms of rankings by ForexBrokers.com, Fineco holds a slightly higher position at #16 for their range of investments category, compared to ThinkMarkets’ #23 ranking. Ultimately, your choice might depend on whether you lean towards a broader range of assets and direct stock trading options with Fineco, or if you are more interested in the additional capabilities ThinkMarkets provides with copy trading and cryptocurrency derivatives.
| Feature |
Fineco
|
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.
When it comes to trading platforms and tools, Fineco and ThinkMarkets each have their unique strengths. Fineco offers its own proprietary platform developed in-house and provides a Windows-based desktop download platform and a web-based platform for trading. However, Fineco does not provide simulated (paper) trading, copy trading, or support for MetaTrader 4 (MT4) or MetaTrader 5 (MT5). While you can find seven drawing tools in its charting services, Fineco does not include the ability to trade directly from charts or offer preset columns for watch lists. Despite these limitations, Fineco earns a commendable 4-star rating for its trading platforms and tools, ranking 18th out of 63 brokers according to ForexBrokers.com.
In contrast, ThinkMarkets offers a more versatile set of trading tools. Like Fineco, ThinkMarkets provides its own proprietary platform along with a Windows-based desktop download and a web-based platform. However, ThinkMarkets further supports simulated trading with a free virtual demo account, copy trading capabilities, and offers both MT4 and MT5 platforms. For charting, it features 15 drawing tools and allows direct trading from stock charts. Additionally, ThinkMarkets presents 15 columns for customizing watch lists. Despite these offerings, ThinkMarkets also receives a 4-star rating for its trading platforms and tools and ranks 28th amongst 63 brokers on ForexBrokers.com.
| Feature |
Fineco
|
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 comparing the mobile trading apps of Fineco and ThinkMarkets, both offer dedicated apps for iPhone and Android devices, making it easy for users to trade on the go. Additionally, both apps provide stock or forex price alerts, ensuring traders can stay up-to-date with market changes. However, neither app offers watchlist symbol syncing, so changes on your mobile watchlist won’t be reflected in your online account.
ThinkMarkets shines with a range of 94 technical studies available for charting, vastly surpassing Fineco’s selection of six. This platform also allows for drawing trendlines and saves these drawings automatically, whereas Fineco lacks these features. Both apps support viewing charts in different time frames, but ThinkMarkets has an edge with its ability to create watchlists with real-time quotes, unlike Fineco. Both apps hold a solid rating of four out of five stars for mobile trading, but ThinkMarkets ranks higher at #20 among 63 brokers, compared to Fineco's #42. This makes ThinkMarkets a more feature-rich choice for those focused on technical charting and dynamic watchlist functionality.
| Feature |
Fineco
|
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 examining Fineco and ThinkMarkets, differences emerge in the availability of market research tools and resources. ThinkMarkets stands out by offering daily market commentary and a sentiment-based trading tool, which informs traders about the prevailing long and short positions across various instruments. Additionally, ThinkMarkets provides resources from Acuity Trading, such as Signal Centre, while Fineco does not include these features. Both brokers ensure access to forex news from top-tier sources like Bloomberg and Reuters and maintain comprehensive economic calendars to help traders keep track of global events.
Despite ThinkMarkets' additional tools, Fineco achieves a higher rating for research quality, earning 4.0 stars compared to ThinkMarkets' 3.5 stars in the ForexBrokers.com rankings. Fineco ranks at number 33 out of 63 brokers for research offerings, while ThinkMarkets is positioned at number 50. Although both brokers do not provide tools from Autochartist or Trading Central, Fineco's edge in research rating suggests that it delivers satisfactory analysis services that aid traders in making informed decisions in the financial market.
| Feature |
Fineco
|
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 beginners, Fineco and ThinkMarkets present distinct experiences. Fineco scores higher in education ratings and offers a solid range of beginner educational videos, ensuring at least ten videos cover trading topics specifically for beginners. Additionally, Fineco provides monthly webinars to keep clients informed and engaged. However, it lacks an archive for these webinars and a broad selection of educational materials focused on forex or CFDs. While Fineco includes an investor dictionary with over 50 investing terms, it doesn't venture much into advanced trading education.
ThinkMarkets, on the other hand, offers a comprehensive selection of educational materials focused on forex and CFDs, ensuring a collection of over ten articles, videos, or archived webinars. Similar to Fineco, ThinkMarkets hosts monthly webinars and complements this with an accessible archive of previously recorded sessions. Beginners will find a wealth of content tailored to their needs with at least ten beginner educational videos available, and advanced traders will appreciate the range of advanced educational videos. ThinkMarkets also provides an investor dictionary encompassing more than 50 investing terms. Overall, while both platforms cater to beginners, ThinkMarkets stands out with its extensive searchable resources, though it ranks slightly lower than Fineco in broader educational ratings.
| Feature |
Fineco
|
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 63 of the best forex brokers, our research and account testing finds that Fineco is better than ThinkMarkets. Fineco 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 |
Fineco
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ThinkMarkets
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| Overall Rating |
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| Trust Score | 94 | 92 |
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In comparing online brokers Fineco and ThinkMarkets, Fineco does not offer the ability to buy actual delivered cryptocurrency or cryptocurrency derivatives, while ThinkMarkets does not provide an option for purchasing actual delivered cryptocurrency but does offer the ability to buy cryptocurrency derivatives.
Fineco supports ACH or SEPA transfers and bank wires for funds transactions but lacks PayPal, Skrill, and card options, whereas ThinkMarkets offers bank wires, Visa, Mastercard, and Skrill but not ACH, SEPA, or PayPal services.
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 | Fineco | ThinkMarkets | |
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| Trust Score | 94 | 92 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | ThinkMarkets | |
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| Regulation | Fineco | 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) | Fineco | 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) | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco Review |
| Overall | Fineco | ThinkMarkets | |
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| Trust Score | 94 | 92 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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