Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Trade Nation, 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, founded in 1999, is a well-established online broker that is also a publicly traded bank. This gives it a unique position in the financial market compared to a non-bank broker like Trade Nation. Holding two Tier-1 licenses, FinecoBank is a trusted name with a Trust Score rating of 94 out of 99, indicating a high level of trust according to ForexBrokers.com. This adds an extra layer of security and reassurance for those looking to trade with a reputable institution.
On the other hand, Trade Nation, which came onto the scene in 2014, is not publicly traded and doesn't function as a bank, but it holds its ground by also having two Tier-1 licenses plus an additional Tier-2 license. With a Trust Score rating of 85, Trade Nation is classified as trusted, offering a reliable choice for traders seeking a broker that balances trust and accessibility. While both brokers hold themselves to high regulatory standards, FinecoBank offers the advantage of being a regulated bank with a higher trust score, making it an appealing choice for cautious investors.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Year Founded | 1999 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing commissions and fees between FinecoBank and Trade Nation, significant differences emerge. FinecoBank, rated 3.5 stars, does not disclose its average spread data, which makes its true trading costs elusive. FinecoBank does post a spread of 1 pip for the EUR/USD currency pair and offers spreads as low as 0.8 pips, but these figures come without average value clarification or specific date ranges. FinecoBank does seem to provide lower spreads on its index CFDs, providing some competitive edge in that area. FinecoBank's overall ranking is 51st out of 63 brokers in the Commissions and Fees category, reflecting these transparency issues.
Trade Nation, on the other hand, offers a clearer and more competitive fee structure. With a 5-star rating, it provides fixed-spread pricing across all its tradable symbols on its proprietary platform, supplemented by variable spreads on its MetaTrader platform. For the EUR/USD pair, Trade Nation lists a fixed spread of 0.6 pips, although this can briefly widen up to 1.4 pips during the daily rollover period. This approach provides traders with a reliable sense of average pricing. Additionally, Trade Nation offers different account options: two MetaTrader-based accounts and one for its proprietary TN Trader platform, with varying fee structures, making it more adaptable to different trading needs. Consequently, Trade Nation is ranked 7th out of 63 brokers in this category.
Overall, Trade Nation shines with more transparent and consistent pricing, while FinecoBank leaves room for clarity, especially regarding average spreads and costs. For traders prioritizing clear and competitive fee structures, Trade Nation emerges as a favorable option, supported by its higher star rating and ranking compared to FinecoBank.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.6 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | No |
| 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 comparing FinecoBank and Trade Nation, it's clear that both platforms cater to forex enthusiasts by offering forex trading as a contract for difference (CFD). FinecoBank, however, stands out with a more extensive selection of tradeable symbols, offering 9,770 compared to Trade Nation's 1,000. This broader range also extends to forex pairs where FinecoBank has 54 available options, slightly surpassing Trade Nation’s 46. In terms of investing directly in stocks, FinecoBank provides users the ability to buy U.S. and international exchange-traded securities, such as Apple shares on NASDAQ and Vodafone shares on the London Stock Exchange, something Trade Nation doesn't offer.
Despite lacking direct cryptocurrency purchases or derivatives, FinecoBank's comprehensive selection of tradeable assets earns it a 4.5-star rating for the range of investments by ForexBrokers.com, ranking 16th out of 63 brokers. In contrast, Trade Nation, while offering the ability to trade cryptocurrency derivatives and featuring copy trading, receives a slightly lower rating of 3.5 stars and ranks 38th for its investment offerings. Ultimately, investors looking for a vast assortment of trading opportunities may lean towards FinecoBank, especially if direct access to global exchange-traded securities is a priority. Meanwhile, those interested in crypto derivatives and copy trading might find Trade Nation appealing.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1000 |
| Forex Pairs (Total) | 54 | 46 |
| 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.
FinecoBank and Trade Nation both provide proprietary trading platforms, enabling users to engage with systems designed specifically for their services. Each broker offers platforms that are accessible for Windows-based desktop downloads as well as web-based options, catering to diverse user preferences. However, when it comes to simulating trades, FinecoBank falls short as it does not offer a free virtual demo account, unlike Trade Nation, which provides this valuable tool for beginners looking to practice without risking real money. Additionally, Trade Nation supports the popular MetaTrader 4 (MT4) platform, offering a familiar interface for experienced traders, whereas FinecoBank does not support either MT4 or MT5.
In terms of additional trading features, FinecoBank does not support copy trading, while Trade Nation does, allowing its users to mimic successful trading strategies from others. Both brokers lack integration with platforms like DupliTrade and ZuluTrade. For traders who utilize technical analysis, Trade Nation offers a richer toolset with 39 drawing tools compared to FinecoBank's 7. Although neither broker allows trading directly from stock charts, Trade Nation provides more extensive watchlist customization with up to 14 columns. Despite FinecoBank's apparent limitations, it still ranks higher at #18, compared to Trade Nation's #44 in the trading platforms and tools category, with both receiving a solid 4-star rating for their offerings.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 115 |
| Charting - Drawing Tools (Total) | 7 | 39 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | N/A | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FinecoBank and Trade Nation offer applications for iPhone and Android users. Each app delivers key features such as stock and forex price alerts, ensuring traders stay informed on the go. However, there are significant differences in their functionalities. Trade Nation offers a rich variety of 99 technical studies for charting, alongside the ability to draw trendlines and automatically save those drawings. FinecoBank, on the contrary, provides only 6 technical studies and lacks these advanced drawing features.
For traders who prioritize syncing watchlists between their mobile and online accounts, Trade Nation has the advantage as it supports watchlist symbol syncing, whereas FinecoBank does not. Additionally, Trade Nation allows the creation of watchlists with real-time quotes, a feature FinecoBank does not provide. Both apps allow viewing of multiple time frames on charts, catering to diverse trading strategies. Interestingly, despite these differences, both brokers receive a rating of 4 out of 5 stars for their mobile trading apps. In ForexBrokers.com's rankings, FinecoBank holds the 42nd position, slightly ahead of Trade Nation, which is ranked 45th out of 63 brokers.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 99 |
| 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.
In comparing FinecoBank and Trade Nation for their market research offerings, it's evident that each broker has distinct strengths. FinecoBank stands out with its provision of forex news from respected sources like Bloomberg and Reuters, and it offers a comprehensive economic calendar to keep traders informed about global events. However, it does not include tools from Autochartist or Trading Central, nor does it provide sentiment-based trading tools. Overall, FinecoBank earns a solid research rating of 4.0 stars and is ranked 33 out of 63 brokers by ForexBrokers.com for its market research capabilities.
Trade Nation, on the other hand, excels in providing daily market commentary, which is critical for traders needing regular updates. It also offers news from top-tier forex sources similar to FinecoBank, but uniquely integrates Acuity Trading's Signal Centre, which can be valuable for generating trade ideas. Additionally, Trade Nation includes a sentiment-based trading tool, providing insights into market positioning. Despite these strengths, its lack of an economic calendar could be a drawback. With a research rating of 3.5 stars, Trade Nation ranks 42 out of 63 brokers, reflecting a respectable yet slightly lower standing in the research arena compared to FinecoBank.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| 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 | No |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between FinecoBank and Trade Nation, each has its strengths. Trade Nation excels in providing a wide range of educational material focused on forex and CFDs, offering more than 10 educational pieces like articles and videos. FinecoBank, on the other hand, hosts at least one educational client webinar monthly, catering directly to those eager to learn in an interactive format. However, neither broker offers a searchable archive of recorded webinars, which may be a downside for those who wish to view past sessions.
Both FinecoBank and Trade Nation support beginners with more than 10 educational videos each, but Trade Nation further extends its library to cater to advanced traders, which FinecoBank does not. For quick learning and reference, both brokers provide an investor dictionary with over 50 terms. While FinecoBank garners a higher educational rating of 4.0 stars compared to Trade Nation's 3.5 stars, it's important to note that Trade Nation is ranked higher by ForexBrokers.com in the Education category, sitting at #41 out of 63 brokers, whereas FinecoBank holds the #49 spot.
| Feature |
FinecoBank
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| 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 Trade Nation. FinecoBank finished with an overall rank of #25, while Trade Nation finished with an overall rank of #34.
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
|
Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 85 |
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While both FinecoBank and Trade Nation do not offer the ability to purchase actual (delivered) cryptocurrency, only Trade Nation provides the option to buy cryptocurrency derivatives.
FinecoBank supports ACH or SEPA transfers and bank wires for account transactions, while Trade Nation offers Skrill, Visa or Mastercard, and bank wires, but not ACH or SEPA transfers, with neither platform accepting PayPal.
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 | FinecoBank | Trade Nation | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Trade Nation Review |
| Broker Screenshots | FinecoBank | Trade Nation | |
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| Regulation | FinecoBank | Trade Nation | |
|---|---|---|---|
| Trust Score | 94 | 85 | |
| Year Founded | 1999 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FinecoBank | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1000 | |
| Forex Pairs (Total) | 54 | 46 | |
| 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 | FinecoBank | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | Trade Nation | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 14 | |
| Charting - Indicators / Studies (Total) | 37 | 115 | |
| Charting - Drawing Tools (Total) | 7 | 39 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | FinecoBank | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 99 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | FinecoBank | Trade Nation | |
|---|---|---|---|
| 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 | No |
| Education | FinecoBank | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | Trade Nation | |
|---|---|---|---|
| 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 | Trade Nation Review |
| Overall | FinecoBank | Trade Nation | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Trade Nation Review |
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