Written by ForexBrokers.com
In this head to head comparison of Fineco vs TopFX, 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.
Founded in 1999, Fineco stands as a well-established online broker with a strong reputation in the financial market. As a publicly traded company and a fully licensed bank, Fineco holds two Tier-1 licenses, reflecting a high level of trust and security. With a ForexBrokers.com Trust Score of 94, Fineco is considered highly trusted by industry standards, providing clients with a secure platform for their trading activities.
In contrast, TopFX, founded in 2010, offers a different proposition as a non-publicly traded broker that is not a bank. It holds one Tier-1 license, giving it a moderate level of trust within the industry. With a Trust Score of 67, TopFX falls into the high-risk category according to ForexBrokers.com evaluations. Traders considering TopFX should factor in these risk considerations when making investment decisions.
| Feature |
Fineco
|
TopFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of Fineco and TopFX, there are several key aspects to consider. Fineco does not openly publish its average spread data for forex and CFD trading, which makes it a bit challenging to fully understand its trading costs. The broker lists a spread of 1 pip for EUR/USD, which is higher than what many other brokers offer. They also mention a spread of 0.8 pips, but without clarifying if these are average values or the time frames these figures apply to. Despite this, Fineco tends to offer lower spreads on its index CFDs. Overall, Fineco has a rating of 3.5 stars out of 5 and ranks #51 among 63 brokers for commissions and fees according to ForexBrokers.com.
On the other hand, TopFX provides two distinct account types, the ZERO account, which is spread-only, and the RAW account, which is commission-based. The RAW account charges a commission of 2.75 EUR per side, amounting to 5.50 EUR for a round turn on a standard lot. This account reported average spreads of 0.33 pips on the EUR/USD for July 2024, with total costs approximately equating to 0.88 pips. This is considered in line with industry standards. Meanwhile, the ZERO account is commission-free but comes with higher average spreads of 1.03 pips for EUR/USD during the same month. TopFX boasts a higher rating of 4 stars out of 5 and is positioned at #40 out of 63 brokers for commissions and fees.
In conclusion, TopFX presents a more transparent and competitive fee structure compared to Fineco. Its availability of both commission-based and commission-free accounts with clear cost details provides traders with flexibility and insight into their potential expenses. In contrast, Fineco’s less clear spread information might pose challenges for traders aiming to calculate precise trading costs, although its index CFDs might still offer some cost-saving opportunities. With better ratings and rankings, TopFX seems to be the more favorable choice regarding commissions and fees.
| Feature |
Fineco
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Fineco and TopFX both provide opportunities for forex trading, offering contracts for difference (CFDs). When it comes to the sheer number of tradeable symbols, Fineco takes the lead with 9,770, compared to TopFX's 655. While TopFX offers slightly more forex pairs (60) than Fineco (54), Fineco stands out for allowing customers to buy exchange-traded securities on U.S. and international exchanges, unlike TopFX, which does not. This presents Fineco as a more versatile choice for those interested in investing in shares like Apple on the NASDAQ or Vodafone on the London Stock Exchange.
Although Fineco does not provide copy trading or cryptocurrency derivatives, it still garners a higher range of investment rating, earning 4.5 stars compared to TopFX's 3.5-star rating. TopFX, on the other hand, offers both copy trading and cryptocurrency derivatives, appealing to traders seeking those specific opportunities. In the ForexBrokers.com rankings, Fineco is ranked #16, reflecting its broad investment offerings, while TopFX is positioned at #46. This suggests Fineco could be the preferable option for those focusing on a wide range of investment possibilities, including traditional securities trading.
| Feature |
Fineco
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 655 |
| Forex Pairs (Total) | 54 | 60 |
| U.S. 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 (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 the online brokers Fineco and TopFX, various facets of their trading platforms and tools stand out. Fineco impresses with its proprietary platform and availability of a Windows-based desktop download, positioning itself as a versatile choice for traders who appreciate in-house solutions. In contrast, TopFX does not have its own proprietary platform but makes up for it by offering the popular MetaTrader 4, allowing for a familiar experience for many traders. Both brokers offer comprehensive web-based trading platforms, catering to those who prefer browser-based access. However, when it comes to simulated trading experiences, TopFX takes the lead by providing a free virtual demo account, an option Fineco lacks. Additionally, TopFX distinguishes itself with copy trading capabilities, while Fineco does not support this feature.
TopFX offers more technical drawing tools for charting, totaling 15, compared to Fineco's seven, and even allows trades directly from stock charts, a feature Fineco does not provide. With a focus on watch lists, TopFX supplies seven columns for customization, adding a layer of functionality. Despite these differences, both brokers earn similar ratings of four stars for their trading platforms and tools. According to ForexBrokers.com, Fineco ranks higher at 18th place, while TopFX is positioned at 45th out of 63 brokers. This signifies Fineco's edge in overall trading platform quality and user satisfaction, despite TopFX's added features in some areas.
| Feature |
Fineco
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| 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 |
| 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 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Fineco and TopFX, both brokers offer applications for iPhone and Android devices, ensuring accessibility for most smartphone users. Each app provides stock or forex price alerts, keeping traders informed of market movements. However, neither Fineco nor TopFX offer watchlist symbol syncing, meaning changes made on the app do not reflect on the client's online account and vice versa. Fineco users can work with six technical studies for charting, while TopFX excels with 30, together with the added advantage of trendline drawing capability on charts. Despite differences in features, both platforms allow viewing stock or forex charts across multiple time frames.
For those seeking additional functionalities, TopFX stands out with its ability to auto-save chart drawings and offer real-time quotes in watchlists. These features are absent in Fineco's mobile app. In terms of user ratings, both brokers earn four stars for their mobile apps, showcasing overall satisfaction among users. Nonetheless, Fineco holds an edge in ranking, placed at #42 by ForexBrokers.com, compared to TopFX's #51 position among 63 brokers. This suggests that Fineco may have slightly better user approval or performance metrics in the broader market context.
| Feature |
Fineco
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| 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.
Fineco and TopFX present distinct offerings when it comes to market research tools for online trading. Both brokers provide access to forex news from top-tier sources like Bloomberg and Reuters and offer economic calendars to keep traders informed about global events. Where they differ is in the range of technical analysis tools available; TopFX boasts additional features from providers like Autochartist and Trading Central, whereas Fineco does not offer these tools. Additionally, TopFX provides a sentiment-based trading tool not available with Fineco. However, neither broker currently includes resources from TipRanks or Acuity Trading in their research toolkits.
Despite TopFX's broader array of technical resources, Fineco garners a higher rating of 4.0 stars for research from ForexBrokers.com, compared to TopFX's 3 stars. This difference is also reflected in their overall rankings, with Fineco placed at #33 and TopFX at #60 among 63 brokers reviewed. For those prioritizing diverse analysis tools, TopFX may appeal more, but Fineco's superior research rating suggests a strong overall offering for market insights.
| Feature |
Fineco
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for new traders, Fineco stands out compared to TopFX. Fineco offers online educational webinars each month, providing regular opportunities for beginners to enhance their forex and CFDs knowledge. Additionally, they offer over ten beginner-focused trading videos, complementing their expansive library with an investor dictionary containing definitions of over 50 investing terms. These resources collectively contribute to Fineco’s solid educational rating of 4.0 stars and a ranking of #49 out of 63 brokers as per ForexBrokers.com.
In contrast, TopFX’s educational offerings are more limited. The broker does not provide monthly webinars, nor do they maintain a library of educational videos tailored specifically for beginners. They also lack an investor dictionary similar to Fineco’s. As a result, TopFX receives a lower educational rating of 3 stars and is ranked #61 for education. For trading novices keen on learning, Fineco appears to be the more resourceful choice between the two.
| Feature |
Fineco
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 TopFX. Fineco finished with an overall rank of #25, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 67 |
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In a comparison between online brokers Fineco and TopFX, while neither broker offers the ability to buy actual delivered cryptocurrency, TopFX distinguishes itself by providing the option to trade cryptocurrency derivatives, unlike Fineco which does not offer this service.
Fineco and TopFX provide varying deposit and withdrawal options: Fineco supports ACH, SEPA, and bank wire transfers but lacks PayPal, Skrill, and card options, whereas TopFX offers PayPal, Skrill, Visa, and Mastercard alongside bank wire transfers but does not support ACH or SEPA transfers.
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 | TopFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | Fineco Review | TopFX Review |
| Broker Screenshots | Fineco | TopFX | |
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| Regulation | Fineco | TopFX | |
|---|---|---|---|
| Trust Score | 94 | 67 | |
| 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 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Fineco | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 655 | |
| Forex Pairs (Total) | 54 | 60 | |
| U.S. 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 (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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | 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 | Fineco | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | 30 | |
| 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 | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | 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 | |
| Review | Fineco Review | TopFX Review |
| Overall | Fineco | TopFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | Fineco Review | TopFX Review |
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