Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Trading 212, 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, established in 1999, and Trading 212, founded in 2004, offer distinct features within the online brokerage realm. FinecoBank is a publicly traded entity and operates as a bank, providing an added layer of security and trust for users. On the other hand, Trading 212 is not publicly traded and does not function as a bank, which may influence its perception of stability. Both brokers hold two Tier-1 licenses, indicating a high level of trustworthiness according to ForexBrokers.com standards.
When it comes to trust scores, FinecoBank boasts a remarkable rating of 94 out of 99, positioning it as a highly trusted platform. Conversely, Trading 212 has a trust score of 79, suggesting an average risk level. While neither broker holds Tier-2 licenses, FinecoBank’s impressive trust score and status as a publicly traded bank may appeal to investors seeking a highly trusted and stable option for online trading.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Year Founded | 1999 | 2004 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing FinecoBank and Trading 212 based on their commissions and fees, both brokers have their own strengths and weaknesses. FinecoBank does not publicly share its average spread data for forex and CFD trading, which makes it challenging for traders to fully gauge the brokerage's trading costs. Despite listing a spread of 1 pip for the EUR/USD pair and lower spreads on index CFDs, FinecoBank's spread is considered higher than typical offerings. This translates to FinecoBank earning a 3.5-star rating for commissions and fees, and it ranks 50th out of 62 brokers, according to ForexBrokers.com.
In contrast, Trading 212 provides a more transparent fee structure. It offers two account types: the Invest account, which requires a minimum deposit of 1 euro for trading shares, and the CFD account, which requires a 10 euro deposit and focuses on trading CFDs. While Trading 212 promotes a zero-commission trading model, traders must still contend with spreads for CFDs and forex. The broker has started disclosing its average spread data, including an average spread of 1.9 pips for the EUR/USD pair as of January 2024. Although this spread is higher than the industry standard, Trading 212's commitment to transparency earns it 4 stars and a rank of 43 out of 62 brokers for commissions and fees, according to ForexBrokers.com.
In summary, both FinecoBank and Trading 212 present traders with distinct trading environments. FinecoBank offers slightly lower spreads on index CFDs but lacks transparency regarding average spread data, resulting in lower ratings and rankings. Meanwhile, Trading 212's zero-commission structure and transparency with spread data offer certain advantages, despite its higher-than-average spreads for EUR/USD trades. Traders should consider these factors and their individual trading needs when selecting a broker.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €10 |
| Average Spread EUR/USD - Standard | N/A | 1.9 |
| All-in Cost EUR/USD - Active | N/A | 1.9 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and Trading 212 both offer a wide range of investment options to cater to diverse trading needs. FinecoBank provides access to 9,770 tradeable symbols, including 54 forex pairs, and allows traders to purchase exchange-traded securities on both U.S. and international exchanges. However, while investors can trade forex either as a CFD or a spot contract, FinecoBank does not support the purchase of cryptocurrency derivatives. This comprehensive range of offerings earns FinecoBank a 4.5-star rating for its range of investments, securing the 16th spot in this category as ranked by ForexBrokers.com.
Trading 212, on the other hand, offers 8,025 tradeable symbols and an impressive 146 forex pairs, also available as CFDs. Like FinecoBank, it facilitates the purchase of exchange-traded securities on U.S. and international exchanges. Furthermore, Trading 212 distinguishes itself by offering cryptocurrency derivatives, albeit not the actual coins. With a 5-star rating for its diverse investment choices, Trading 212 is ranked 15th among brokers by ForexBrokers.com. Neither FinecoBank nor Trading 212 offers features such as copy trading or the ability to buy actual cryptocurrencies, keeping their focus primarily on a broad span of tradeable securities.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 8025 |
| Forex Pairs (Total) | 54 | 146 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| 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.
In comparing FinecoBank and Trading 212, both brokers offer proprietary trading platforms developed in-house, providing users with tailored experiences through their web-based platforms. However, FinecoBank takes a step further by offering a Windows-based desktop download, a feature that Trading 212 lacks. While both platforms miss out on popular tools like MetaTrader 4 and 5, they leverage their proprietary designs to cater to user needs, although they do not offer features such as copy trading or integration with third-party tools like DupliTrade and ZuluTrade. For those interested in practice before diving into real trading, only Trading 212 provides a free virtual demo account, setting it apart from FinecoBank, which doesn’t support simulated trading.
When it comes to charting tools, Trading 212 excels by offering 20 drawing tools compared to FinecoBank’s 7. Additionally, Trading 212 enables users to trade directly from stock charts, enhancing the user experience with greater interactivity, a feature that FinecoBank does not offer. While FinecoBank does not specify the number of fields available for watch lists, Trading 212 provides five fields, adding to the tools traders have at their disposal to monitor market changes. Both brokers are rated four stars for their trading platforms and tools according to ForexBrokers.com, but FinecoBank slightly edges out, ranking 18th compared to Trading 212's 20th place among 62 brokers. This subtle distinction underscores the nuanced differences in user expectations and requirements across both platforms.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 54 |
| Charting - Drawing Tools (Total) | 7 | 20 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and Trading 212 provide mobile apps for iPhone and Android users, catering to those who prefer trading on the go. While both apps offer essential features like stock and forex price alerts and the ability to view various time frames on charts, there are some significant differences between them that could influence your decision. Trading 212 stands out by offering features such as watchlist symbol syncing, allowing seamless transitions between mobile and web platforms. This platform also provides extensive charting capabilities with 104 technical studies and trendline drawing, which are missing in FinecoBank's app.
Another advantage of Trading 212's app is the ability to create watchlists with real-time quotes and auto-save chart drawings, features that FinecoBank does not offer. While FinecoBank's app provides a competent experience with its 6 technical studies and a four-star rating, Trading 212 matches this rating and excels in functionality, earning a higher ranking compared to FinecoBank by ForexBrokers.com. Overall, Trading 212 might be more appealing to traders looking for comprehensive tools and syncing features. However, FinecoBank still offers a solid platform for those who require core trading capabilities.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 104 |
| 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 FinecoBank and Trading 212, both brokers provide forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed about the global financial landscape. They each feature an economic calendar to help users track significant worldwide news events. However, neither broker offers daily market commentary, and they both lack research tools from companies like Autochartist, Trading Central, and Acuity Trading, which might be a consideration for those seeking more in-depth analysis features.
One key difference is that Trading 212 provides a sentiment-based trading tool that displays the ratio of long or short positions, an advantage for those interested in gauging market trends in currency pairs. Despite this, FinecoBank holds a slight edge with a 4.0-star research rating compared to Trading 212's 3.5 stars. Additionally, FinecoBank ranks higher in the Research category at #33 out of 62 brokers on ForexBrokers.com, while Trading 212 sits at #46. These differences may influence traders depending on their specific research needs and investment strategies.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Daily Market Commentary | No | No |
| 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 | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners in online trading, FinecoBank and Trading 212 both offer unique experiences. FinecoBank provides educational videos specifically tailored for beginners and hosts regular online client webinars. However, they do not offer extensive resources focused on forex or CFDs. FinecoBank also lacks an archive of recorded client webinars, and their offerings for advanced educational videos are limited. Nonetheless, they support beginner traders with a comprehensive investor dictionary to help navigate investing terminology.
In contrast, Trading 212 excels with a broader array of educational content focused on forex and CFDs, offering a wealth of materials that surpass the 10-piece threshold. They also maintain a searchable archive of recorded webinars, which enhances the learning experience for users seeking past sessions. Additionally, Trading 212 provides advanced educational videos for those looking to deepen their trading knowledge beyond the basics. While both platforms host regular webinars and offer useful dictionaries, Trading 212's diverse educational offerings contribute to a richer learning environment. Despite FinecoBank's higher star rating for education, Trading 212 is ranked higher in the education category among brokers, reflecting its extensive educational content.
| Feature |
FinecoBank
|
Trading 212
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| 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 62 of the best forex brokers, our research and account testing finds that FinecoBank is better than Trading 212. FinecoBank finished with an overall rank of #25, while Trading 212 finished with an overall rank of #31.
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
|
Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 79 |
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FinecoBank does not offer the ability to buy actual cryptocurrency or cryptocurrency derivatives, while Trading 212 does not provide the option to buy actual cryptocurrency but does offer cryptocurrency derivatives.
When comparing the online brokers FinecoBank and Trading 212 in terms of fund deposit and withdrawal options, both offer ACH and SEPA transfers as well as bank wires, but Trading 212 has the additional benefit of accepting PayPal and Visa or Mastercard payments, which FinecoBank does not, and neither platform supports Skrill transactions.
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 | Trading 212 | |
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| Trust Score | 94 | 79 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Trading 212 Review |
| Broker Screenshots | FinecoBank | Trading 212 | |
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| Regulation | FinecoBank | Trading 212 | |
|---|---|---|---|
| Trust Score | 94 | 79 | |
| Year Founded | 1999 | 2004 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Trading 212 | |
|---|---|---|---|
| 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 | Yes | |
| 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) | FinecoBank | Trading 212 | |
|---|---|---|---|
| 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 | FinecoBank | Trading 212 | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 8025 | |
| Forex Pairs (Total) | 54 | 146 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| 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 | Trading 212 | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.9 | |
| All-in Cost EUR/USD - Active | N/A | 1.9 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Trading 212 | |
|---|---|---|---|
| Minimum Deposit | $0 | €10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | Trading 212 | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Trading 212 | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 5 | |
| Charting - Indicators / Studies (Total) | 37 | 54 | |
| Charting - Drawing Tools (Total) | 7 | 20 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Trading 212 | |
|---|---|---|---|
| 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 | 104 | |
| 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 | FinecoBank | Trading 212 | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| 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 | Yes |
| Education | FinecoBank | Trading 212 | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | Trading 212 | |
|---|---|---|---|
| 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 | Trading 212 Review |
| Overall | FinecoBank | Trading 212 | |
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| Trust Score | 94 | 79 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Trading 212 Review |
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