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XM Group vs Fineco 2021

Is Fineco better than XM Group? In our analysis of 23 international regulators across 39 brokers, XM Group is considered average-risk, with an overall Trust Score of 87 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature XM Group Fineco
Overall 4 4
Commissions & Fees 3.5 3.5
Offering of Investments 4 4.5
Platforms & Tools 4 4
Mobile Trading Apps 4 3.5
Research 4.5 4
Education 4.5 3.5
Trust Score 87 92
XM Group Review Fineco Review
73% of retail CFD accounts lose money 65.11% of retail CFD accounts lose money
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Regulation

Feature XM Group Fineco
Trust Score 87 92
Year Founded
2009 1999
Publicly Traded (Listed)
No Yes
Bank
No Yes
Tier-1 Licenses
2 2
Tier-2 Licenses
2 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature XM Group Fineco
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Tier-2 Licenses (Average Trust)

Feature XM Group Fineco
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes No
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature XM Group Fineco
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature XM Group Fineco
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
1372 126
Forex Pairs (Total)
57 54
US Stock Trading (Non CFD)
Yes Yes
Int'l Stock Trading (Non CFD)
Yes Yes
Social Trading / Copy-Trading
Yes No
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes No
Crypto Disclaimer (UK) 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

Feature XM Group Fineco
Average Spread EUR/USD - Standard
1.6 (Aug 2020) N/A
All-in Cost EUR/USD - Active
0.8 (Aug 2021) N/A
Active Trader or VIP Discounts
No No
Execution: Agency Broker
No No
Execution: Market Maker
Yes No

Funding

Feature XM Group Fineco
Minimum Deposit
$5 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

Feature XM Group Fineco
Proprietary Platform
No Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
Yes No
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature XM Group Fineco
Virtual Trading (Demo)
Yes No
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
7
Charting - Indicators / Studies (Total)
30 90
Charting - Drawing Tools (Total)
15 N/A
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No

Mobile Trading

Feature XM Group Fineco
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
30 N/A
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
Yes No

Research

Feature XM Group Fineco
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
Yes No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes No

Education

Feature XM Group Fineco
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
No Yes

Major Forex Pairs

Feature XM Group Fineco
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

Overall

Feature XM Group Fineco
Overall 4 4
Commissions & Fees 3.5 3.5
Offering of Investments 4 4.5
Platforms & Tools 4 4
Mobile Trading Apps 4 3.5
Research 4.5 4
Education 4.5 3.5
Trust Score 87 92
XM Group Review Fineco Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Fineco vs XM Group.

Does Fineco or XM Group offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Fineco offers better pricing overall for traders.

Is Fineco or XM Group safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Fineco and XM Group hold 2 global Tier-1 licenses. XM Group holds 2 global Tier-2 licenses, while Fineco holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco earned a higher Trust Score than XM Group.

Which trading platform is better: Fineco or XM Group?
To compare the trading platforms of both Fineco and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco offers a better experience. With research, XM Group offers superior market research. Finally, we found XM Group to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While XM Group offers copy trading, Fineco does not. XM Group offers MetaTrader 4 (MT4), while Fineco does not.

How many forex pairs and CFDs are available to trade?
XM Group provides traders 57 currency pairs (e.g., EUR/USD) compared to Fineco's 54 available pairs. Forex pairs aside, XM Group offers traders access to 1372 CFDs while Fineco has 126 available CFDs, a difference of 1,246.

Can I trust Fineco?

Can I trust XM Group?
XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).

Is Fineco good?
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.

Is XM Group good?
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Overall winner: XM Group

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.

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