ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

FinecoBank vs Trade Nation 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

FinecoBank
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 9770
Trade Nation
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 1000

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.

Regulation

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 logoFinecoBank
Trade Nation logoTrade Nation
Year Founded info 1999 2014
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2

Fees

When comparing the commissions and fees between FinecoBank and Trade Nation, it's clear that each has a distinct approach that may appeal to different kinds of traders. FinecoBank does not disclose average spread data for its forex and CFD trading, which makes evaluating its true trading costs challenging. It lists a spread of 1 pip and sometimes 0.8 pips for EUR/USD, but these are not confirmed as average values and lack a specified date range. Despite this uncertainty, FinecoBank is known to provide lower spreads for index CFDs. FinecoBank is rated 3.5 out of 5 stars and is ranked #50 out of 62 brokers in the commissions and fees category by ForexBrokers.com.

Trade Nation, on the other hand, presents a more straightforward and competitive fee structure. It offers fixed-spread pricing on its proprietary platform and variable-spread pricing on its MetaTrader platform. With a fixed spread of 0.6 pips for the EUR/USD pair, Trade Nation ensures consistent pricing, though spreads can widen during the daily rollover period. This solid average spread performance is further supported by various account options, including a commission-based Raw Spread account, a commission-free account on MetaTrader, and a TN Trader account optimized for lower all-in costs. Trade Nation excels in this category with a 5-star rating and holds a strong #7 ranking among 62 brokers as per ForexBrokers.com.

In summary, FinecoBank and Trade Nation cater to different market needs with their fees and commissions structures. FinecoBank may appeal to traders looking for lower spreads on index CFDs, even though its overall cost transparency could improve. Trade Nation, with its consistent and competitive fixed spread pricing and diverse account offerings, stands out as a clear choice for traders seeking reliable and straightforward trading costs.

Feature FinecoBank logoFinecoBank
Trade Nation logoTrade Nation
Minimum Deposit info $0 $0
Average Spread EUR/USD - Standard info N/A info 0.6
All-in Cost EUR/USD - Active info N/A info 0.6
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investment options offered by FinecoBank and Trade Nation, FinecoBank emerges as a more versatile platform. FinecoBank provides access to 9,770 tradeable symbols, significantly overshadowing the 1,000 available with Trade Nation. With FinecoBank, investors can explore 54 forex pairs, slightly edging out the 46 pairs offered by Trade Nation. Additionally, FinecoBank allows its clients to invest in exchange-traded securities on both U.S. and international markets, enabling users to purchase shares like Apple on NASDAQ or Vodafone on the London Stock Exchange. In contrast, Trade Nation does not offer the option to buy such securities.

Trade Nation has a unique selling point with its copy trading feature, which doesn’t exist in FinecoBank’s offerings. Moreover, Trade Nation offers the ability to trade cryptocurrency derivatives, a feature FinecoBank lacks. However, neither platform provides the option to own actual cryptocurrencies. FinecoBank holds a higher rating of 4.5 stars from ForexBrokers.com for its range of investments, and ranks #16 out of 62 brokers, indicating a strong selection for diversified investments. Trade Nation, with a 3.5-star rating, ranks #38, showing it has a more limited investment range in comparison.

Feature FinecoBank logoFinecoBank
Trade Nation logoTrade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 9770 1000
Forex Pairs (Total) info 54 46
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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When weighing FinecoBank against Trade Nation, both brokers provide unique offerings to enhance your trading experience. FinecoBank boasts a proprietary trading platform, designed in-house, which supports a Windows-based desktop application and a web-based interface. However, it falls short by not providing features such as simulated trading accounts or the popular MetaTrader 4 (MT4) platform. Without the ability to trade from stock charts or offering copy trading, FinecoBank maintains a limited draw of 7 tools for charting, and these provisions contribute to its ranking of 18 out of 62 brokers in the Trading Platforms and Tools category, with a commendable four-star rating.

Trade Nation, on the other hand, matches FinecoBank with its proprietary platform and extends its reach further by supporting both MT4 and virtual demo accounts for practice. It excels in offering a greater variety of charting tools, with 39 drawing tools available, and differentiates itself with features like copy trading. While it stands behind in its ForexBrokers.com ranking at 44, it still garners a four-star rating like FinecoBank. Overall, Trade Nation presents a more beginner-friendly set of tools and flexibility, making it a solid choice for those seeking extensive educational resources and platforms for honing trading skills.

Feature FinecoBank logoFinecoBank
Trade Nation logoTrade Nation
Virtual Trading (Demo) info No Yes
Proprietary Platform info Yes Yes
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
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 37 115
Charting - Drawing Tools (Total) info 7 39
Charting - Trade From Chart info No No
Watchlists - Total Fields info N/A 14
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both FinecoBank and Trade Nation provide convenient mobile trading platforms for iPhone and Android users, ensuring traders have access to the markets on the go. Each app offers features like stock or forex price alerts and the ability to view multiple time frames on charts. However, there are some key differences. Trade Nation offers an edge with its 99 technical studies for charting, compared to FinecoBank's 6, and allows users to draw trendlines on charts—a feature FinecoBank doesn't support. Additionally, Trade Nation enhances user experience by auto-saving chart drawings and syncing watchlist symbols with a client's online account, making it easier to manage trades seamlessly across platforms.

When it comes to creating watchlists with real-time quotes, Trade Nation provides this functionality, whereas FinecoBank does not. In terms of user satisfaction and professional ranking, both platforms are rated 4 stars for their mobile trading apps. Interestingly, FinecoBank is ranked #42 out of 62 brokers according to ForexBrokers.com, slightly ahead of Trade Nation, which stands at #45. Each platform has its strengths, appealing to different trading needs and preferences.

Feature FinecoBank logoFinecoBank
Trade Nation logoTrade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 6 99
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info No Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, FinecoBank and Trade Nation offer traders distinct experiences. FinecoBank excels with its forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to reliable information. It also provides an economic calendar that showcases global news events, allowing traders to stay informed about upcoming market-moving events. However, FinecoBank lacks daily market commentary, sentiment-based tools, and does not employ resources from companies like Autochartist or Trading Central. Despite these limitations, FinecoBank still earns a respectable 4.0-star rating in research, ranking #33 out of 62 brokers according to ForexBrokers.com.

On the other hand, Trade Nation stands out by offering daily market commentary that keeps traders updated with current insights. The platform also provides a sentiment-based tool that displays the ratio of long or short positions across different instruments, as well as resources from Acuity Trading such as Signal Centre. While it does not offer an economic calendar or tools from Autochartist and Trading Central, Trade Nation still assures traders access to high-quality forex news from reputable sources. Its research offerings are slightly lower-rated, with a 3.5-star rating, placing it at #42 in the research category among 62 brokers on ForexBrokers.com.

Feature FinecoBank logoFinecoBank
Trade Nation logoTrade Nation
Daily Market Commentary info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info No Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No Yes
Economic Calendar info Yes No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing the educational resources available for beginners at FinecoBank and Trade Nation, each broker offers unique benefits suited to different learning preferences. FinecoBank provides online educational webinars every month, which is a great opportunity for live interaction and learning. Additionally, FinecoBank ensures access to over ten beginner-focused videos and includes an investor dictionary, making it easier for newcomers to understand trading terminology. However, FinecoBank lacks a wide array of forex or CFDs educational materials and doesn't offer a searchable archive of past webinars or advanced learning videos for more experienced traders.

On the other hand, Trade Nation excels in offering various educational materials primarily focusing on forex and CFDs, surpassing ten dedicated pieces. It also caters to both beginners and advanced learners with its collection of educational videos. While it does not provide monthly webinars, it makes up for it with an extensive suite of advanced trading content and its investor dictionary. With ratings of 4.0 stars for FinecoBank and 3.5 stars for Trade Nation, both cater to distinct learning needs, though FinecoBank ranks slightly lower at 49th compared to Trade Nation’s 41st spot in ForexBrokers.com's education category.

Feature FinecoBank logoFinecoBank
Trade Nation logoTrade Nation
Education (Forex or CFDs) info No Yes
Client Webinars info Yes No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 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 logoFinecoBank
Trade Nation logoTrade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 94 85
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 4.0/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with FinecoBank or Trade Nation?

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.

What funding options does each broker offer?

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.




announcementPlease 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

×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFinecoBank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
Overall Rating FinecoBank Trade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 5/5 Stars
Range 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 4.0/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 94 85
Winner check_circle
Review FinecoBank Review Trade Nation Review
Broker Screenshots FinecoBank Trade Nation
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 FinecoBank Trade Nation
Trust Score info 94 85
Year Founded info 1999 2014
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) FinecoBank Trade Nation
Australia (ASIC Authorised) info Yes Yes
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 Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) FinecoBank Trade Nation
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FinecoBank Trade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 9770 1000
Forex Pairs (Total) info 54 46
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 FinecoBank Trade Nation
Average Spread EUR/USD - Standard info N/A info 0.6
All-in Cost EUR/USD - Active info N/A info 0.6
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 FinecoBank Trade Nation
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms FinecoBank Trade Nation
Proprietary Platform info Yes Yes
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 No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FinecoBank Trade Nation
Virtual Trading (Demo) info No Yes
Alerts - Basic Fields info No Yes
Watchlists - Total Fields info N/A 14
Charting - Indicators / Studies (Total) info 37 115
Charting - Drawing Tools (Total) info 7 39
Charting - Trade From Chart info No No
Charts can be saved info Yes No
Mobile Trading FinecoBank Trade Nation
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 Yes
Mobile Charting - Indicators / Studies info 6 99
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes No
Research FinecoBank Trade Nation
Daily Market Commentary info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes No
Education FinecoBank Trade Nation
Education (Forex or CFDs) info No Yes
Client Webinars info Yes No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FinecoBank Trade Nation
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 FinecoBank Review Trade Nation Review
Overall FinecoBank Trade Nation
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 5/5 Stars
Range 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 4.0/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 94 85
Winner check_circle
Review FinecoBank Review Trade Nation Review
arrow_upward

close