Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs Vantage, 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 and Vantage are both well-regulated online brokers, but they differ in a few key areas. Founded in 1999, FinecoBank is a publicly traded entity and operates as a bank, holding two Tier-1 licenses. It boasts a Trust Score of 94, placing it within the highly trusted category according to ForexBrokers.com. On the other hand, Vantage, established in 2009, is not publicly traded and does not operate as a bank. However, it also holds two Tier-1 licenses and has a Trust Score of 90, ensuring it is highly trusted.
While both brokers have a similar level of Tier-1 licensing, Vantage holds an additional Tier-2 license, which FinecoBank does not possess. This gives Vantage some versatility in the regulatory landscape, though FinecoBank's status as a publicly traded bank might offer added transparency and stability to its clients. Both brokers are considered safe choices for online trading, but these nuances might influence a potential trader's decision based on their personal preferences and investment goals.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| 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 | 3 |
When comparing FinecoBank and Vantage in terms of commissions and fees, it becomes clear that transparency and competitive pricing are key differentiators. FinecoBank doesn't publish average spread data for forex and CFD trading, making it challenging to assess the true cost of trading. They list a spread of 1 pip for the EUR/USD currency pair, which appears higher than the typical spreads offered by other forex brokers. The bank also mentions a spread of 0.8 pips, but lacks clarity on average values or specific date ranges. However, FinecoBank may offer more competitive spreads on index CFDs. For their commission and fees category, FinecoBank receives a rating of 3.5 stars, ranking #51 out of 63 brokers by ForexBrokers.com.
Vantage, on the other hand, provides a more detailed picture of its pricing across different account types. Their Standard STP account offers typical spreads of 1.30 pips on the EUR/USD. For traders seeking lower spreads, the RAW ECN account provides average spreads of 0.15 pips, with a commission of $3 per side, which totals 0.75 pips. Meanwhile, the PRO ECN account offers competitive pricing with a $2 commission per side, but comes with specific requirements based on the regulating entity, including minimum funding or client qualifications. Vantage stands out with a 4.5-star rating and ranks #19 out of 63 brokers in the commissions and fees category, according to ForexBrokers.com.
In summary, while FinecoBank and Vantage each cater to different trading preferences and needs, Vantage clearly provides more flexible account options and detailed pricing transparency, making it a more favorable choice for traders prioritizing cost-effectiveness and information clarity. Active traders at Vantage can benefit further from their rebate program, though this is limited to their Standard account, which requires a higher balance for optimal benefits. Such considerations can play a crucial role in choosing between these two brokers, especially when costs and transparency are paramount.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.30 |
| All-in Cost EUR/USD - Active | N/A | 0.75 |
| Active Trader or VIP Discounts | No | Yes |
| 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.
When comparing FinecoBank and Vantage, both brokers provide forex trading as CFDs or spot contracts, but their overall range of investments diverges significantly. FinecoBank presents an extensive selection with 9,770 tradeable symbols, dwarfing Vantage's 1,000. FinecoBank also offers 54 forex pairs versus Vantage's slightly broader 61 pairs. Notably, FinecoBank allows clients to invest in exchange traded securities on both U.S. and international exchanges, enabling customers to directly purchase shares like Apple and Vodafone. On the other hand, Vantage does not offer such direct stock investments but does provide copy trading, which FinecoBank lacks.
FinecoBank and Vantage both abstain from offering actual cryptocurrency purchases, yet Vantage supplies the option to trade cryptocurrency derivatives, which FinecoBank does not. These differences in the scope of investment options have been reflected in broker ratings: FinecoBank earns a commendable 4.5 stars for its range of investments and is ranked 16th out of 63 brokers by ForexBrokers.com. Vantage, while still a strong choice for specific trading practices, receives a 3.5-star rating and ranks 50th in the same category, suggesting that FinecoBank offers broader investment opportunities particularly for those interested in direct securities trading.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1000 |
| Forex Pairs (Total) | 54 | 61 |
| 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 FinecoBank and Vantage for their online trading platforms and tools, both brokers deliver solid features but cater to slightly different needs. FinecoBank offers a proprietary platform available for Windows-based desktop downloads and web browsers, providing a straightforward trading experience. However, it lacks a virtual demo account and popular third-party tools like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). FinecoBank does not facilitate copy trading or direct trading from stock charts, and it has a limited selection of drawing tools for charting.
On the other hand, Vantage extends its trading platform suite with more comprehensive features, including the availability of a free demo account, which is ideal for new traders. It supports both MT4 and MT5 platforms along with copy trading through DupliTrade and a proprietary platform. Vantage offers more drawing tools and the capability to trade directly from stock charts, enhancing user engagement. However, despite these differences, both FinecoBank and Vantage received four stars for trading platforms and tools, with FinecoBank ranked slightly higher (#18) than Vantage (#21) by ForexBrokers.com.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| 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 | Yes |
| DupliTrade | No | Yes |
| 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 FinecoBank and Vantage, both platforms offer apps for iPhone and Android devices and include features like stock and forex price alerts. However, Vantage surpasses FinecoBank with a more comprehensive charting experience, supporting 30 technical studies compared to FinecoBank's 6. Additionally, Vantage's app allows users to draw trendlines on charts—a feature absent from FinecoBank. Both apps enable viewing different time frames on stocks or forex charts, but Vantage further enhances user experience by auto-saving chart drawings, a convenience FinecoBank does not provide.
Another significant difference lies in watchlist capabilities, where Vantage allows users to create watchlists with real-time quotes, unlike FinecoBank. Neither platform offers watchlist symbol syncing between the mobile app and online accounts. Despite these differences, both apps have received an identical rating of 4 out of 5 stars for mobile trading. However, based on ForexBrokers.com rankings out of 63 brokers, Vantage stands at a higher position, ranked #28, compared to FinecoBank's placement at #42, pointing to Vantage's stronger overall performance in mobile trading capabilities.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| 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.
FinecoBank and Vantage offer distinct approaches to market research for online traders. Vantage provides daily market commentary, a feature FinecoBank lacks, giving Vantage users an edge in staying current with daily market shifts. Both platforms deliver forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to vital financial information. Vantage also excels with technical tools from companies like Autochartist and Trading Central, providing detailed analysis tools that FinecoBank does not offer. Additionally, Vantage further enhances trader insight by offering a sentiment-based trading tool, revealing market positions. Both platforms include an economic calendar, essential for tracking global economic news events.
Despite FinecoBank’s omission of certain advanced analytical tools, it holds a research rating of 4.0 stars out of five, equal to that of Vantage, which also has a 4-star rating. However, in the ForexBrokers.com rankings, Vantage is higher at 21st, compared to FinecoBank's 33rd position, indicating a broader acceptance of its research prowess among brokers. Both companies abstain from providing market research tools from Acuity Trading and company TipRanks, suggesting room for further enhancement in their research offerings. This comparison highlights Vantage’s comprehensive toolkit for market analysis, while FinecoBank remains competitive with its strong basic features.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| 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 comparing FinecoBank and Vantage for educational resources aimed at beginner traders, both platforms offer different advantages. FinecoBank provides an engaging series of beginner-friendly videos to help new traders grasp basic concepts. It also offers monthly webinars to guide clients in real-time, along with a handy investor dictionary with over 50 defined investing terms. However, it falls short in terms of educational content focused on forex or CFDs, as it offers fewer than ten resources in this area and lacks a searchable archive for recorded webinars. Moreover, FinecoBank does not provide extensive advanced trading videos for seasoned traders.
On the other hand, Vantage stands out by providing a rich collection of over ten educational resources specifically on forex or CFDs, ensuring that beginners have ample material to explore these areas. Vantage also offers monthly webinars and a functional archive for accessing previous sessions, which could be very useful for those who want to revisit these resources. While both brokers offer educational videos tailored for beginners and have investor dictionaries, Vantage takes the lead in delivering advanced educational videos for more experienced traders. In terms of educational rankings, Vantage is positioned higher at #24, compared to FinecoBank's #49.
| Feature |
FinecoBank
|
Vantage
|
|---|---|---|
| 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 63 of the best forex brokers, our research and account testing finds that FinecoBank is better than Vantage. FinecoBank finished with an overall rank of #25, while Vantage finished with an overall rank of #26.
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
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Vantage
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 90 |
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While both FinecoBank and Vantage do not offer the ability to purchase actual (delivered) cryptocurrencies, only Vantage provides the option to trade cryptocurrency derivatives.
FinecoBank supports ACH and SEPA transfers and offers bank wire options for depositing or withdrawing funds, but does not support PayPal, Skrill, or card payments via Visa or Mastercard, whereas Vantage does not support ACH or SEPA transfers but provides multiple payment options, including PayPal, Skrill, Visa, and Mastercard, along with bank wire transfers, offering a broader range of deposit and withdrawal options for users.
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 | Vantage | |
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| Trust Score | 94 | 90 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Vantage Review |
| Broker Screenshots | FinecoBank | Vantage | |
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| Regulation | FinecoBank | Vantage | |
|---|---|---|---|
| Trust Score | 94 | 90 | |
| Year Founded | 1999 | 2009 | |
| 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 | 3 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1000 | |
| Forex Pairs (Total) | 54 | 61 | |
| 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 | Vantage | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.30 | |
| All-in Cost EUR/USD - Active | N/A | 0.75 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| 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 | FinecoBank | Vantage | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Vantage | |
|---|---|---|---|
| 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 | FinecoBank | Vantage | |
|---|---|---|---|
| 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 | FinecoBank | Vantage | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| 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 | FinecoBank | Vantage | |
|---|---|---|---|
| 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 | Vantage | |
|---|---|---|---|
| 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 | Vantage Review |
| Overall | FinecoBank | Vantage | |
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| Trust Score | 94 | 90 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Vantage Review |
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