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Fineco Bank vs TopFX 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is Fineco Bank better than TopFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Fineco Bank is considered Highly Trusted, with an overall Trust Score of 95 out of 99. TopFX is considered High-Risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Compare

0 of 5
Overall Rating Fineco Bank TopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 95 67
Winner check_circle
Review Fineco Bank Review TopFX Review
Broker Screenshots Fineco Bank TopFX
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Fineco Bank TopFX
Trust Score info 95 67
Year Founded info 1999 2010
Publicly Traded (Listed) info Yes No
Bank info Yes No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 3 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Fineco Bank TopFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) Fineco Bank TopFX
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Fineco Bank TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 126 655
Forex Pairs (Total) info 54 60
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 Bank TopFX
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info No No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info No Yes
Funding Fineco Bank TopFX
Minimum Deposit info $0 Depends on payment method
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms Fineco Bank TopFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No No
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools Fineco Bank TopFX
Virtual Trading (Demo) info No Yes
Alerts - Basic Fields info No Yes
Watchlists - Total Fields info N/A 7
Charting - Indicators / Studies (Total) info 37 30
Charting - Drawing Tools (Total) info N/A 15
Charting - Trade From Chart info No Yes
Charts can be saved info Yes Yes
Mobile Trading Fineco Bank TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info No Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 6 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Forex Calendar info Yes Yes
Research Fineco Bank TopFX
Daily Market Commentary info No No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes Yes
Education Fineco Bank TopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Fineco Bank TopFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Fineco Bank Review TopFX Review
Overall Fineco Bank TopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 95 67
Winner check_circle
Review Fineco Bank Review TopFX Review
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Fineco Bank vs TopFX Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Fineco Bank vs TopFX.

Does Fineco Bank or TopFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, TopFX offers better pricing overall for traders.

Is Fineco Bank or TopFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Fineco Bank holds 3 global Tier-1 licenses, while TopFX holds 1. Both Fineco Bank and TopFX hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Fineco Bank (95) earned a higher Trust Score than TopFX (67).

Which trading platform is better: Fineco Bank or TopFX?

To compare the trading platforms of both Fineco Bank and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco Bank offers a better experience. With research, Fineco Bank offers superior market research. Finally, we found Fineco Bank to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to Fineco Bank's 54 available pairs. Forex pairs aside, TopFX offers traders access to 655 CFDs while Fineco Bank has 126 available CFDs, a difference of 529.

Can I trust Fineco Bank?

Fineco Bank is publicly traded and does operate a bank. Fineco Bank is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). Fineco Bank is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and the European Union via MiFID.

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by one tier-1 regulator (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). TopFX is authorised by the following tier-1 regulators: the European Union via MiFID.

Is Fineco Bank good?

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 โ€“ or you are a resident of Italy or the U.K. โ€“ you will not be permitted to open an online account with FinecoBank.

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: Fineco Bank

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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