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Fineco vs TopFX 2021

Is Fineco better than TopFX? In our analysis of 23 international regulators across 50 brokers, TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Fineco TopFX
Overall 4 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 4.5 3.5
Platforms & Tools 4 3.5
Mobile Trading Apps 3.5 3.5
Research 4 3
Education 3.5 3
Trust Score 92 67
Fineco Review TopFX Review
65.11% of retail CFD accounts lose money
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Regulation

Feature Fineco TopFX
Trust Score 92 67
Year Founded
1999 2010
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
2 0
Tier-2 Licenses
0 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes No

Tier-1 Licenses (High Trust)

Feature Fineco TopFX
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
CBI Authorised (Ireland)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No
FMA Authorised (New Zealand)
No No

Tier-2 Licenses (Average Trust)

Feature Fineco TopFX
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
SEBI Authorised (India)
No No
ISA Authorised (Israel)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses (Low Trust)

Feature Fineco TopFX
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
Cayman Islands Monetary Authority (CIMA)
No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
VFSC Authorised (Vanuatu)
No No

Investments

Feature Fineco TopFX
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
126 655
Forex Pairs (Total)
54 60
US Stock Trading (Non CFD)
Yes No
Int'l Stock Trading (Non CFD)
Yes No
Social Trading / Copy-Trading
No Yes
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
No Yes
Crypto Disclaimer (UK) 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

Feature Fineco TopFX
Average Spread EUR/USD - Standard
N/A n/a
All-in Cost EUR/USD - Active
N/A n/a
Active Trader or VIP Discounts
No No
Execution: Agency Broker
No No
Execution: Market Maker
No Yes

Funding

Feature Fineco TopFX
Minimum Deposit
$0 Depends on payment method
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature Fineco TopFX
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No No
cTrader
No Yes
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature Fineco TopFX
Virtual Trading (Demo)
No Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
7
Charting - Indicators / Studies (Total)
90 30
Charting - Drawing Tools (Total)
N/A 15
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No No

Mobile Trading

Feature Fineco TopFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
No Yes
Watch List Syncing
No No
Charting - Indicators / Studies
N/A 30
Charting - Draw Trendlines
No Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
No Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes

Research

Feature Fineco TopFX
Daily Market Commentary
No No
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
No Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
No Yes

Education

Feature Fineco TopFX
Has Education - Forex or CFDs
Yes No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes No

Major Forex Pairs

Feature Fineco TopFX
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

Overall

Feature Fineco TopFX
Overall 4 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 4.5 3.5
Platforms & Tools 4 3.5
Mobile Trading Apps 3.5 3.5
Research 4 3
Education 3.5 3
Trust Score 92 67
Fineco Review TopFX Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Fineco vs TopFX.

Does Fineco 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 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 holds 2 global Tier-1 licenses, while TopFX holds 0. TopFX holds 1 global Tier-2 licenses, while Fineco holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco earned a higher Trust Score than TopFX.

Which trading platform is better: Fineco or TopFX?
To compare the trading platforms of both Fineco and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco offers a better experience. With research, Fineco offers superior market research. Finally, we found Fineco 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. While TopFX offers copy trading, Fineco does not. TopFX offers MetaTrader 4 (MT4), while Fineco does not.

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

Can I trust Fineco?

Can I trust TopFX?
TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

Is Fineco 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 – or you are a resident of Italy or the U.K. – 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

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.

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