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 FinecoBank and ThinkMarkets based on their commissions and fees, there are notable differences in their offerings. FinecoBank does not publicly provide average spread data for forex and CFD trading, which can make it challenging for traders to gauge the actual trading costs. They list a spread of 1 pip for the EUR/USD pair, which is relatively higher compared to other forex brokers. FinecoBank also mentions a spread of 0.8 pips, yet these figures are not confirmed as averages or tied to any specific time frame. On the upside, FinecoBank is known to offer lower spreads on index CFDs, which could be beneficial for traders focusing on those markets.
ThinkMarkets also does not provide average spread data, yet it tends to be more favorable in terms of fees compared to FinecoBank. With a 4-star rating for commissions and fees, ThinkMarkets is ranked #47 out of 63 brokers by ForexBrokers.com. This suggests that its fee structure might be more competitive, potentially offering better value for trades compared to FinecoBank.
In terms of rankings, FinecoBank falls short with a 3.5-star rating, placing it at #51 in the same category. This reflects a less competitive stance in fees and commissions when compared with ThinkMarkets. When choosing between the two, traders should consider these ratings and rankings along with their specific trading needs and preferences.
| 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.
When considering the available range of investments between FinecoBank and ThinkMarkets, potential investors will find notable differences and some similarities. Both platforms offer forex trading as CFDs or spot contracts; however, FinecoBank takes the lead with a more extensive selection, providing 9,770 tradeable symbols compared to ThinkMarkets' 4,000. Additionally, FinecoBank offers 54 tradeable forex pairs, slightly outpacing ThinkMarkets, which offers 46. An advantage of FinecoBank is its access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest directly in stocks like Apple or Vodafone. In contrast, ThinkMarkets enables international securities trading but does not offer U.S. exchange stocks.
ThinkMarkets distinguishes itself by providing a feature for copy trading, which FinecoBank does not. This allows users to replicate the trades of experienced traders, potentially beneficial for those new to trading. Regarding cryptocurrencies, neither platform offers the purchase of actual cryptocurrencies, but ThinkMarkets does have the option to trade cryptocurrency derivatives. Both brokers share a commendable 4.5-star rating for their range of investments, yet FinecoBank holds a slightly higher rank at #16 compared to ThinkMarkets' #22 according to ForexBrokers.com. This ranking suggests FinecoBank might be more favorable for those seeking a broader array of investment options.
| 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.
When comparing FinecoBank's trading platforms and tools to those of ThinkMarkets, you'll notice some key differences. Both brokers offer proprietary platforms developed in-house as well as Windows-based desktop download and web-based browser platforms. FinecoBank does not offer simulated or paper trading, whereas ThinkMarkets provides a free virtual demo account for those wanting to try out strategies without financial risk. Additionally, FinecoBank lacks support for third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available at ThinkMarkets. Traders inclined towards automated trading strategies will find ThinkMarkets more appealing, as it includes copy trading options, which FinecoBank does not. While both are rated four stars for trading platforms and tools, FinecoBank ranks higher at #18 compared to ThinkMarkets at #28 according to ForexBrokers.com.
For charting, ThinkMarkets also appears more accommodating with a greater number of drawing tools, offering 15 compared to FinecoBank's 7. Meanwhile, ThinkMarkets allows you to trade directly from a stock chart, a convenience not available on FinecoBank's platform. Watch lists are more customizable on ThinkMarkets' platform as well, featuring 15 columns for fields, making it easier to organize and monitor various assets. Both brokers have their strengths and cater to different types of traders, so whether you prioritize comprehensive tools or platform familiarity, understanding these differences will empower you to make an informed decision.
| 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.
Both FinecoBank and ThinkMarkets offer mobile trading apps for iPhone and Android devices, allowing traders to stay connected on the go. Both platforms alert users to stock or forex price changes, though they lack watchlist synchronization with online accounts. When it comes to technical capabilities, ThinkMarkets significantly outpaces FinecoBank by offering 94 technical studies for charting within its app, compared to FinecoBank's 6 studies. This difference may appeal to more in-depth traders seeking extensive analytical tools.
While both apps support viewing multiple time frames on a chart, ThinkMarkets allows users to draw and save trendlines, a feature FinecoBank lacks. Additionally, ThinkMarkets provides real-time quote watchlists, enhancing the trading experience, whereas FinecoBank does not. Although both apps receive a four-star rating for mobile trading, ForexBrokers.com ranks ThinkMarkets higher at #20 out of 63 brokers, compared to FinecoBank's position at #42. Overall, ThinkMarkets provides a richer feature set for active traders.
| 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 FinecoBank and ThinkMarkets for market research, there are notable differences and similarities of interest to potential investors. FinecoBank stands out with a 4.0-star rating for research and ranks #33 out of 63 brokers according to ForexBrokers.com. While FinecoBank does not provide daily market commentary, it offers forex news from top-tier sources like Bloomberg and Reuters, and an economic calendar for global events. However, it misses on providing tools from companies like Autochartist and Trading Central, and does not offer sentiment-based trading tools or research from Acuity Trading or TipRanks.
ThinkMarkets, on the other hand, is rated 3.5 stars and ranks #50, showcasing a solid offering with daily market commentary and access to high-quality forex news sources. Notably, ThinkMarkets enhances trader experience with sentiment-based trading tools and research from Acuity Trading. Although it shares gaps with FinecoBank in technical and fundamental tools from Autochartist and Trading Central, ThinkMarkets’ additional offerings might appeal to traders interested in sentiment analysis alongside traditional market news. Both brokers provide an economic calendar, ensuring that investors are informed about crucial global news events.
| 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.
For beginners looking to learn about forex and CFDs, FinecoBank and ThinkMarkets offer different educational resources. While FinecoBank provides a monthly webinar for its clients, it lacks a diverse range of educational material on forex or CFDs, offering fewer than 10 pieces. In contrast, ThinkMarkets excels in this area, providing a variety of educational content, including more than 10 educational pieces focused on forex and CFDs. Both brokers present a host of beginner-friendly educational videos, though FinecoBank does not extend similar resources for more advanced traders—ThinkMarkets, meanwhile, does offer detailed materials for more experienced individuals. Furthermore, the two brokers also provide comprehensive investor dictionaries with over 50 terms explained.
While both brokers host monthly educational webinars, ThinkMarkets takes the lead by offering a searchable archive of past webinars, a feature FinecoBank lacks. Despite these differences, FinecoBank seems to be slightly more favored in terms of educational offerings, as indicated by its 4.0-star rating compared to ThinkMarkets' 3.5 stars. Additionally, ForexBrokers.com ranks FinecoBank higher in the educational category, placing it at #49 out of 63 brokers, while ThinkMarkets is positioned at #52. Ultimately, both platforms present valuable resources for beginners, though their offerings cater to different levels of learning needs and preferences.
| 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 63 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 |
|
|
| Trust Score | 94 | 92 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 92 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | ThinkMarkets | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 92 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
