Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco, founded in 1999, is both a publicly traded entity and a bank, marking its presence on the stock exchange. With a Trust Score of 94, Fineco is deemed highly trusted, boasting two Tier-1 licenses. This indicates a strong regulatory framework and reassurance for investors and traders. Despite lacking any Tier-2 licenses, Fineco's high trust rating places it in a very secure position for those prioritizing safety and reliability in their online brokerage services.
Established in 2014, Trade Nation is not publicly traded and does not operate as a bank. It holds a Trust Score of 85, which is classified as trusted according to ForexBrokers.com. Trade Nation has secured two Tier-1 licenses and one Tier-2 license, underscoring its commitment to maintaining trustworthy practices. While it has a slightly lower trust rating than Fineco, Trade Nation still provides a reliable trading platform backed by significant regulatory credentials.
| Feature |
Fineco
|
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 Fineco and Trade Nation, Trade Nation clearly stands out for its competitive commissions and fees. Fineco does not provide specific average spread data for forex and CFD trading, making it challenging to determine trading costs accurately. The spreads Fineco lists for the EUR/USD pair are either equal to or higher than typical industry standards, further complicating a direct comparison. However, Fineco may offer lower spreads on its index CFDs, providing potential savings in that trading area. Despite these offerings, Fineco manages an average rating of 3.5 stars for commissions and fees, positioning it at 51st out of 63 brokers according to ForexBrokers.com.
Trade Nation shines with fixed-spread pricing on its proprietary platform and variable spreads on the MetaTrader platform. Notably, for the EUR/USD pair, Trade Nation offers a fixed spread of 0.6 pips, although spreads may widen temporarily during the rollover period. This competitive pricing structure generally brings the average spread to approximately 1 pip. Trade Nation also provides flexibility for traders with its three main account types, varying from a commission-free account to a commission-based raw spread account, which charges $3.50 per side. Notably, the TN Trader account appears to offer the lowest all-in costs due to its fixed spreads.
Overall, Trade Nation excels in the commissions and fees category, earning an impressive rating of 5 stars, and is ranked 7th out of 63 brokers by ForexBrokers.com. This high rating underscores Trade Nation's dedication to offering attractive trading costs for its users, ensuring that even during varying market scenarios, traders can potentially benefit from transparent and consistent pricing.
| Feature |
Fineco
|
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.
If you're considering Fineco and Trade Nation for online trading, Fineco stands out with a larger selection of investment opportunities. Fineco offers an impressive 9,770 tradeable symbols compared to Trade Nation's 1,000, and supports 54 forex pairs, slightly surpassing Trade Nation's 46. Furthermore, Fineco allows users to invest in exchange-traded securities from both U.S. and international markets, enabling direct purchasing of significant stocks like Apple and Vodafone. In contrast, Trade Nation does not provide access to exchange-traded securities on these platforms.
While both platforms facilitate forex trading as CFDs, they each cater to different preferences. Fineco does not offer copy trading or cryptocurrency derivatives, but its broad range of traditional investment options has earned it a 4.5-star rating and a higher ranking of #16 from ForexBrokers.com. Meanwhile, Trade Nation has a 3.5-star rating, and is ranked #38, offering advantages such as copy trading and the ability to trade cryptocurrency derivatives, appealing to those interested in less conventional opportunities.
| Feature |
Fineco
|
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.
When exploring trading platforms and tools, Fineco and Trade Nation both offer proprietary platforms, developed in-house to cater to diverse trading needs. Users can access both brokers through their Windows-based desktop and web-based platforms. However, Fineco and Trade Nation diverge in their offerings by providing both similarities and unique features. Fineco lacks a free virtual demo account, a tool Trade Nation readily provides for simulated trading. While Fineco abstains from offering the widely-used MetaTrader 4 platform, Trade Nation users are at an advantage with its availability. Neither broker supports MetaTrader 5, DupliTrade, or ZuluTrade, and trading directly from a stock chart is not available with either.
Fineco is tailored toward users who prefer straightforward trading experiences, although it offers fewer drawing tools—just 7 compared to Trade Nation's 39. Trade Nation enhances charting capabilities significantly but limits its users to a maximum of 14 columns for watch lists. Both brokers hold a 4-star rating in trading platforms and tools, though Fineco is ranked higher at #18 by ForexBrokers.com compared to Trade Nation's position at #44 among 63 brokers. Whether a trader values a comprehensive demo trading environment or specific charting tools may determine their choice between these two brokers.
| Feature |
Fineco
|
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.
Fineco and Trade Nation both offer mobile trading apps compatible with iPhone and Android devices, enabling users to engage in trading activities on the go. Both platforms provide stock or forex price alerts, keeping traders informed about market changes. However, Trade Nation outshines Fineco in features like watchlist symbol syncing, where any modifications sync seamlessly between the mobile app and the client's online account, while Fineco lacks this capability. Furthermore, Trade Nation supports a broader range of technical studies with 99 studies compared to Fineco's 6, and allows users to draft trendlines directly on charts, a feature Fineco does not support.
Additionally, Trade Nation’s mobile app excels with auto-saving chart drawings and the creation of watchlists with real-time quotes, a capability absent in Fineco's app. Both platforms let traders view various time frames on charts such as daily or weekly insights, catering to diverse trader needs. Despite the divergence in features, both apps are well-rated with 4 stars each for mobile trading functionality. Interestingly, Fineco is ranked slightly higher at #42 compared to Trade Nation's #45 in the mobile trading apps category by ForexBrokers.com, offering a subtle edge in overall user perception despite its fewer features.
| Feature |
Fineco
|
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.
When comparing the market research offerings of Fineco and Trade Nation, distinct features make each platform appealing depending on individual needs. Trade Nation stands out with its daily market commentary, which can provide timely insights for traders relying on up-to-date market perspectives. In contrast, although Fineco does not offer daily commentary, it provides access to leading forex news sources like Bloomberg and Reuters, offering thorough insights into market movements. Both brokers, however, share a limitation in that they do not provide technical analysis or tools from Autochartist or Trading Central, which can be a drawback for traders seeking in-depth technical assessments. Additionally, Trade Nation edges ahead with its sentiment-based trading tool, providing valuable data on market positions that Fineco lacks, while Fineco offers market research from TipRanks and an economic calendar packed with global events, features that are not available on Trade Nation.
Despite these differences, both Fineco and Trade Nation maintain their strengths in different areas, reflected in their overall ratings. Fineco's higher research rating of 4.0 stars indicates a slight advantage over Trade Nation's 3.5 stars, with Fineco securing the 33rd rank out of 63 brokers for research category whereas Trade Nation ranks slightly lower at #42. Ultimately, the choice between these two platforms depends on whether traders prioritize daily analysis and sentiment tools or comprehensive news and market event information.
| Feature |
Fineco
|
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 | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners, Fineco and Trade Nation each bring unique offerings to the table. Fineco provides regular online educational webinars once a month, which could be beneficial for beginners looking to engage in real-time learning. However, Fineco does not have a searchable archive for these webinars. In contrast, Trade Nation does not conduct regular monthly webinars, but both platforms offer an investor dictionary with over 50 investing terms, a valuable resource for newcomers to familiarize themselves with industry jargon. As for video content, Fineco successfully caters to beginners with over 10 instructional videos on trading topics, while it falls short in advancing education for more experienced traders.
Trade Nation, meanwhile, shines by offering over 10 advanced videos for experienced traders, complementing its resources for beginners. It also exceeds Fineco with over 10 educational pieces focused specifically on forex and CFD education, which can be a significant draw for those looking to specialize in these areas. The platforms have different strengths, with Fineco earning 4.0 stars for education and sitting at #49 in the ForexBrokers.com ranking, while Trade Nation, with 3.5 stars, ranks higher at #41. Each platform has distinct advantages, making the choice depend on the specific educational needs of the beginner trader.
| Feature |
Fineco
|
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 Fineco is better than Trade Nation. Fineco 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 |
Fineco
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Trade Nation
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 85 |
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When comparing online brokers Fineco and Trade Nation in terms of cryptocurrency offerings, Fineco does not provide the ability to buy actual delivered cryptocurrency or cryptocurrency derivatives, whereas Trade Nation does not offer the purchase of actual delivered cryptocurrency but does offer cryptocurrency derivatives.
Fineco provides ACH and SEPA transfers, as well as bank wire options for transactions, but lacks support for PayPal, Skrill, and credit cards, whereas Trade Nation offers Skrill and accepts Visa or Mastercard, in addition to bank wires, but does not support ACH or SEPA transfers or 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 | Fineco | Trade Nation | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Fineco Review | Trade Nation Review |
| Broker Screenshots | Fineco | Trade Nation | |
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| Regulation | Fineco | 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) | Fineco | 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) | |||
| 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) | Fineco | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | No |
| Education | Fineco | 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 | Fineco | 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 | Fineco Review | Trade Nation Review |
| Overall | Fineco | Trade Nation | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Fineco Review | Trade Nation Review |
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