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XM Group vs Fineco Bank 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is XM Group better than Fineco Bank? In our analysis of 23 international regulators across 62 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 90 out of 99. Fineco is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.

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Overall RatingXM GroupFineco Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 90 92
Winner check_circle
Review XM Group Review Fineco Bank Review
RegulationXM GroupFineco Bank
Trust Score 90 92
Year Founded 2009 1999
Publicly Traded (Listed) No Yes
Bank No Yes
Authorised in European Union Yes Yes info
Tier-1 Licenses 2 2
Tier-2 Licenses 1 0
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)XM GroupFineco Bank
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)XM GroupFineco Bank
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)XM GroupFineco Bank
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) Yes No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsXM GroupFineco Bank
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1372 126
Forex Pairs (Total) 57 54
U.S. 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
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).
CostXM GroupFineco Bank
Average Spread EUR/USD - Standard 1.6 info N/A info
All-in Cost EUR/USD - Active 0.8 info N/A info
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker Yes No
FundingXM GroupFineco Bank
Minimum Deposit $5 $0
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes No
Visa/Mastercard (Credit/Debit) Yes No
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsXM GroupFineco Bank
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 ToolsXM GroupFineco Bank
Virtual Trading (Demo) Yes No
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 N/A
Charting - Indicators / Studies (Total) 30 90
Charting - Drawing Tools (Total) 15 N/A
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingXM GroupFineco Bank
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 30 N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes No
ResearchXM GroupFineco Bank
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes No
EducationXM GroupFineco Bank
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 PairsXM GroupFineco Bank
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 XM Group Review Fineco Bank Review
OverallXM GroupFineco Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 90 92
Winner check_circle
Review XM Group Review Fineco Bank Review
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XM Group vs Fineco Bank Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs Fineco Bank.

Does XM Group or Fineco Bank 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, XM Group offers better pricing overall for traders.

Is XM Group or Fineco Bank 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 XM Group and Fineco Bank hold 2 global Tier-1 licenses. XM Group holds 1 global Tier-2 licenses, while Fineco Bank holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco Bank earned a higher Trust Score than XM Group.

Which trading platform is better: XM Group or Fineco Bank?

To compare the trading platforms of both XM Group and Fineco Bank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco Bank 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

XM Group provides traders 57 currency pairs (e.g., EUR/USD) compared to Fineco Bank's 54 available pairs. Forex pairs aside, XM Group offers traders access to 1372 CFDs while Fineco Bank has 126 available CFDs, a difference of 1246.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by three tier-1 regulators (high trust), two 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).

Can I trust Fineco Bank?

Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is XM Group good?

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

Is Fineco Bank 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.

Overall winner: XM Group

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announcementPlease 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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