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 the commissions and fees of FinecoBank and Vantage, both online brokers present distinct pricing structures and options. FinecoBank, with a 3.5-star rating and ranked 50th out of 62 brokers, doesn't offer detailed information on average spreads for forex and CFD trading, which makes evaluating its trading costs rather challenging. The broker lists a spread of 1 pip for EUR/USD, which is relatively high compared to industry norms. Although FinecoBank mentions a spread of 0.8 pips, it does not specify if these figures represent average values or provide a date range. FinecoBank does offer comparatively lower spreads on index CFDs.
Vantage, rated 4.5 stars and ranked 19th, provides more transparency with various account structures that influence trading costs. The Standard STP account features typical spreads of 1.30 pips on the EUR/USD, while the Raw ECN account presents more competitive average spreads of 0.15 pips and a commission of $3 per side ($6 round turn), totaling around 0.75 pips for the same currency pair. Vantage’s PRO account stands out for its cost efficiency, with a commission of $2 per side ($4 round turn), making it an attractive choice for eligible traders. However, opening a PRO account requires meeting specific conditions based on the entity with which your account is held, be it in Australia or the Cayman Islands.
Moreover, Vantage offers an active trader program that delivers rebates up to $8 per standard lot, depending on your balance and trading volume. Nonetheless, this program is exclusively available for the Standard account, which has the highest spreads among the account options. Overall, Vantage’s pricing aligns with industry averages and, while not as low as brokers like Saxo, IG, and CMC Markets, it still offers competitive rates particularly through its PRO and Raw ECN accounts.
| 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 the investment offerings of FinecoBank and Vantage, both online brokers provide opportunities for forex trading as CFDs or spot contracts. FinecoBank distinguishes itself with a vast array of 9,770 tradeable symbols, while Vantage offers a smaller selection of 1,000 symbols. Although Vantage supports slightly more tradeable forex pairs than FinecoBank, with 61 versus 54, FinecoBank excels in providing access to exchange-traded securities on both U.S. and international exchanges. This allows clients to invest directly in companies like Apple and Vodafone, a feature not available with Vantage.
In addition to forex trading, Vantage provides customers with the option to engage in copy trading and access cryptocurrency derivatives, whereas FinecoBank does not offer these services. Despite this, FinecoBank is highly rated with 4.5 stars for its range of investments and ranks #16 out of 62 brokers in this category, as per ForexBrokers.com. In comparison, Vantage receives a rating of 3.5 stars and ranks #50, reflecting a narrower investment offering overall. Both platforms do not offer the option to buy actual cryptocurrencies, focusing instead on derivatives in Vantage’s case.
| 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.
FinecoBank and Vantage offer competitive online trading platforms, each with unique features tailored to different trader preferences. Both brokers provide proprietary platforms developed in-house, accessible via Windows download and web-based interfaces. However, Vantage offers a more comprehensive suite of features, including simulated trading with a free demo account, copy trading, and access to popular trading platforms MetaTrader 4 and 5, along with DupliTrade. These tools are particularly beneficial for traders who prefer automated strategies or want to explore various market analytics options. Vantage also provides a remarkable 15 drawing tools for charting and allows trading directly from stock charts, enhancing the trading experience further.
On the other hand, FinecoBank's platform excels in its straightforward design and ease of use, despite the absence of features like copy trading and the ability to trade directly from charts. FinecoBank offers seven drawing tools for chart analysis, which may suffice for traders focused on simplicity rather than a broad range of advanced tools. Both platforms have been rated four stars for their trading tools, yet FinecoBank is ranked higher in the Trading Platforms and Tools category at #18 compared to Vantage at #21, hinting at a slightly greater user satisfaction with its offerings. Ultimately, traders might choose FinecoBank for a user-friendly platform or Vantage for its extensive trading tools and versatility.
| 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 brokers offer apps for iPhone and Android devices. Users can receive stock or forex price alerts through both platforms. However, both FinecoBank and Vantage lack the ability to sync watchlist symbols between the mobile app and the user's online account. A notable difference is in the number of technical studies available; FinecoBank offers 6, while Vantage provides a richer choice with 30 studies. Furthermore, FinecoBank does not support drawing trendlines on charts, whereas Vantage allows this feature and even auto-saves these drawings.
Both apps allow users to view multiple time frames, such as daily and weekly, on stock or forex charts. Nonetheless, when it comes to watchlists, only Vantage offers real-time quotes, giving it an edge in this area. In terms of user ratings, both apps receive a score of 4 out of 5 stars. However, Vantage is ranked 28th out of 62 brokers by ForexBrokers.com for its mobile trading app, while FinecoBank is positioned at 42nd. This suggests Vantage may provide a more feature-rich experience overall.
| 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.
When exploring the realm of market research provided by online brokers, FinecoBank and Vantage present unique offerings. Vantage stands out by supplying consistent daily market commentary, a feature absent from FinecoBank's range of services. Both platforms deliver forex news from authoritative sources like Bloomberg and Reuters, ensuring traders stay informed with top-tier insight. When it comes to specialized tools, Vantage offers a more comprehensive selection, including Autochartist’s technical analysis tools and Trading Central's analytics, enhancing traders' ability to make data-driven decisions. Furthermore, Vantage includes a sentiment-based trading tool that analyzes the ratio of long or short positions across various market instruments. Both brokers, however, include an economic calendar to keep traders aligned with global news events.
FinecoBank and Vantage share equally rated research services, each earning a commendable 4 out of 5 stars by ForexBrokers.com. Despite this parity in star ratings, there is a distinction in their overall ranking within the research category; FinecoBank is placed at #33, whereas Vantage ranks higher at #21 among 62 brokers. While both brokers emit strong capabilities, Vantage's superior toolset and higher ranking might offer an edge to traders seeking more thorough market research capabilities.
| 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 on educational resources available for beginners, both brokers shine in distinct areas. FinecoBank offers a solid collection of content, including beginner-focused videos and a comprehensive investor dictionary, catering especially to newcomers. Their monthly webinars provide ongoing learning opportunities; however, there's no searchable archive of past sessions, which might limit revisiting useful content. While FinecoBank delivers consistent beginner support, it lacks advanced educational materials to aid more experienced traders in their development.
Vantage stands out by offering a diverse suite of educational resources that beginner traders can greatly benefit from. They provide an array of educational content, including a sizable archive of educational pieces on forex and CFDs, ensuring that beginners have ample material to study. Besides, Vantage holds regular webinars and maintains a searchable archive, enhancing accessibility to previous sessions. Moreover, they offer educational content appealing to both novice and advanced traders, granting a comprehensive learning journey. Ultimately, although both brokers received an identical education rating of 4 stars, Vantage secures a higher ranking due to its wide-ranging and accessible educational offerings.
| 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 62 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
|
Vantage
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 90 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FinecoBank | Vantage | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 90 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Vantage Review |
| Broker Screenshots | FinecoBank | Vantage | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 90 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | Vantage Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill