Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs VT Markets, 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 was founded in 1999 and is a publicly traded company with the added benefit of being an actual bank. This broker holds two highly valued Tier-1 licenses, contributing to its impressive Trust Score of 94 out of 99 according to ForexBrokers.com, indicating it is highly trusted. As a bank and a listed company, FinecoBank offers a level of transparency and confidence that many investors seek when choosing an online broker.
Founded in 2016, VT Markets is privately held and does not operate as a bank. It has secured one Tier-1 license and one Tier-2 license, achieving a Trust Score of 70, which places it in the average risk category. While VT Markets provides trading opportunities and holds licenses that reflect a certain degree of trust, it lacks the banking status and the higher trust rating that FinecoBank enjoys, which might be crucial factors for more cautious investors.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Year Founded | 1999 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When it comes to comparing FinecoBank and VT Markets on commissions and fees, both brokers offer different trading experiences. FinecoBank's trading fee structure is less transparent as they do not publish average spread data for forex and CFD trading, making it challenging for traders to estimate costs accurately. The spread for EUR/USD is listed at 1 pip and occasionally at 0.8 pips, though neither are cited as average values over a specified time. On a positive note, FinecoBank claims to provide lower spreads on its index CFDs. However, for its commissions and fees, FinecoBank earns a rating of 3.5 stars and is ranked 51st out of 63 brokers by ForexBrokers.com.
In contrast, VT Markets offers more straightforward pricing with two account types: the Raw ECN and the Standard STP. The Standard STP account is commission-free but features higher spreads, with the typical EUR/USD spread at 1.2 pips. In comparison, the Raw ECN account boasts a more competitive spread of 0.83 pips (including a 0.6 round-turn commission and a 0.23 average spread based on September 2021 data). This pricing for the Raw ECN account is typical of the industry, providing a clear cost structure for traders. For their transparency and competitive pricing, VT Markets receives a rating of 4.5 stars and is ranked 20th out of 63 brokers by ForexBrokers.com.
In conclusion, while FinecoBank provides entry points with potentially lower spreads on CFDs, their lack of average spread data make cost assessments a guessing game for traders. On the other hand, VT Markets offers clear and competitive account options that can cater to different trading preferences, helping them secure higher rankings and ratings for their commissions and fees.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| 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.
FinecoBank and VT Markets are well-regarded online brokers, but they offer different experiences for traders seeking a wide range of investment opportunities. FinecoBank stands out with an impressive selection of 9,770 tradeable symbols, including 54 forex pairs, making it a strong choice for investors who want diverse options. Besides forex trading available as CFDs or spot contracts, FinecoBank allows clients to invest directly in exchange-traded securities on both U.S. and international exchanges, providing the opportunity to buy actual shares in companies like Apple and Vodafone. However, it appeals less to those interested in cryptocurrency trading, as it does not offer the purchase of either actual cryptocurrencies or their derivatives.
In comparison, VT Markets offers a smaller range of 1,000 symbols and 39 forex pairs but distinguishes itself with the ability to trade cryptocurrency derivatives. Similar to FinecoBank, VT Markets supports forex trading as CFDs or spot contracts. While it does not permit buying shares directly on U.S. exchanges, it does provide access to international exchanged-traded securities such as Vodafone shares. VT Markets also offers the appealing feature of copy trading for those who wish to follow and replicate the strategies of successful traders. While both brokerages have their strengths, FinecoBank received a higher ranking and rating for its range of investments, with 4.5 stars and a 16th position out of 63 brokers, whereas VT Markets achieved 3.5 stars and ranked 39th.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1000 |
| Forex Pairs (Total) | 54 | 39 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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, both FinecoBank and VT Markets present unique offerings, each catering to different trader preferences. FinecoBank stands out with its proprietary platform, crafted in-house to fit their user base. Their trading tools include a Windows-based desktop download platform and a web-based platform through your browser. However, FinecoBank does not provide access to the popular MetaTrader 4 and 5 platforms, nor do they support features like copy trading or trading directly from a stock chart. Despite these limitations, FinecoBank earns a commendable 4-star rating, ranking #18 out of 63 brokers on ForexBrokers.com.
VT Markets, on the other hand, opens the doors to both MetaTrader 4 and 5, providing a robust trading experience with these well-known platforms. While VT Markets does not offer a proprietary platform, they supplement their offering with tools like a free virtual demo account and copy trading capabilities, which FinecoBank lacks. Clients of VT Markets benefit from the ability to trade directly from stock charts and can utilize a wide array of 30 drawing tools, enhancing their charting experience. Despite being ranked lower at #47 by ForexBrokers.com, VT Markets still shares the same 4-star rating for its trading platforms and tools.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| 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 | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 15 |
| Charting - Drawing Tools (Total) | 7 | 30 |
| 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 VT Markets, both offer apps for iPhone and Android users, providing easy access to stock and forex market insights on the go. Users will find the convenience of receiving stock or forex price alerts on both platforms. However, those who value synchronization may be disappointed, as neither app syncs watchlists between mobile and online accounts. FinecoBank provides six technical studies for charting, while VT Markets offers a more extensive selection of 30, which may cater to those seeking detailed technical analysis.
While both platforms allow users to view stocks and forex charts across multiple time frames, VT Markets stands out with its charting features, enabling users to draw trendlines – a feature not available with FinecoBank. Additionally, VT Markets offers real-time quotes within watchlists, unlike FinecoBank. Despite these differences, both apps hold a four-star rating in mobile trading among their users. Interestingly, FinecoBank holds a slightly higher rank than VT Markets, listed at number 42 compared to VT Markets’ rank of 44 out of 63 brokers on ForexBrokers.com for mobile trading apps.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When exploring FinecoBank and VT Markets for online market research support, potential traders will find significant differences in their offerings. FinecoBank stands out by providing forex news from reputable sources like Bloomberg and Reuters, paired with an economic calendar to track global news events. However, FinecoBank does not offer daily market commentary, technical analysis tools from Autochartist or Trading Central, nor unique sentiment-based tools. This mix of offerings contributes to its higher research rating of 4.0 stars, placing it 33rd out of 63 brokers surveyed by ForexBrokers.com.
In contrast, VT Markets offers daily market commentary, which can be valuable for traders seeking up-to-date insights. Additionally, it provides tools from Trading Central and a sentiment-based trading tool, giving users more varied analytical resources. VT Markets also provides forex news from top-tier sources and an economic calendar. Despite these features, VT Markets has a slightly lower research rating of 3.5 stars and ranks 36th in the ForexBrokers.com research category. The choice between these brokers may hinge on the individual trader's preference for particular research tools and updates.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| 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 the educational resources available for beginners, FinecoBank and VT Markets each have distinct offerings. FinecoBank hosts regular monthly webinars, an invaluable feature for those who learn best through live interaction. Additionally, they offer an extensive selection of beginner-focused educational videos, making the learning journey accessible right from the start. FinecoBank also provides an investor dictionary, which defines over 50 investing terms, helping to demystify trading jargon for newcomers. However, beginners looking for archived webinars for reference or a wide selection of advanced trading videos may find FinecoBank's offerings somewhat limited. Overall, FinecoBank earns a commendable 4.0 stars for education from ForexBrokers.com, ranking them 49th among 63 brokers.
VT Markets, on the other hand, shines with a wealth of educational materials, offering over ten pieces focused specifically on forex and CFDs. Like FinecoBank, they also cater to beginners with ten educational videos and provide a comprehensive investor dictionary with over 50 terms. These resources are excellent for individuals seeking a more static form of learning through articles and pre-recorded content. VT Markets, however, falls behind with no monthly webinars or advanced video content for experienced traders. Rated 3.5 stars for education, VT Markets places at 55th in ForexBrokers.com's ranking, making it an option worth considering for learners who prioritize articles and videos over live interactive experiences.
| Feature |
FinecoBank
|
VT Markets
|
|---|---|---|
| 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 | No |
| 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 VT Markets. FinecoBank finished with an overall rank of #25, while VT Markets finished with an overall rank of #44.
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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VT Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 70 |
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While FinecoBank does not offer options to buy either actual cryptocurrencies or cryptocurrency derivatives, VT Markets provides the ability to purchase cryptocurrency derivatives, although neither platform supports buying actual delivered cryptocurrencies.
FinecoBank supports ACH and SEPA transfers along with bank wires for depositing and withdrawing funds, while VT Markets offers Visa, Mastercard, Skrill, and bank wires but does not support ACH, SEPA, or PayPal for such 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 | VT Markets | |
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| Trust Score | 94 | 70 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | VT Markets Review |
| Broker Screenshots | FinecoBank | VT Markets | |
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| Regulation | FinecoBank | VT Markets | |
|---|---|---|---|
| Trust Score | 94 | 70 | |
| Year Founded | 1999 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | VT Markets | |
|---|---|---|---|
| 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 | No | |
| 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 | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1000 | |
| Forex Pairs (Total) | 54 | 39 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| 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 | FinecoBank | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 15 | |
| Charting - Drawing Tools (Total) | 7 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | VT Markets | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | FinecoBank | VT Markets | |
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| Trust Score | 94 | 70 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | VT Markets Review |
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