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XM Group vs FinecoBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of XM Group vs FinecoBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 88
  • Tradeable Symbols (Total): 1394
FinecoBank
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 9770

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.

Regulation

Founded in 2009, XM Group is an online broker recognized for holding 4 Tier-1 licenses, which are deemed highly trusted. While not publicly traded like a traditional bank, XM Group maintains a strong presence with a Trust Score rating of 88 from ForexBrokers.com, categorizing it as trusted. In addition, XM Group holds 1 Tier-2 license, further bolstering its reputable standing among users.

FinecoBank, established earlier in 1999, operates not only as a publicly traded company but also as a recognized banking entity. With a Trust Score rating of 94 from ForexBrokers.com, it is considered highly trusted. Despite holding fewer Tier-1 licenses—2 in total—compared to XM Group, FinecoBank's status as both a bank and its public trading status contribute to its strong reliability image, even without any Tier-2 licenses.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Year Founded info 2009 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When comparing the commissions and fees between XM Group and FinecoBank, XM Group stands out with a higher star rating of 4 out of 5 for its pricing structure, placing it 33rd out of 63 brokers on ForexBrokers.com. However, XM Group's standard account has high spreads, and the broker does not disclose average spreads for its commission-based XM Zero account. This lack of transparency might make it challenging for traders to get a complete picture of the potential trading costs.

On the other hand, FinecoBank holds a rating of 3.5 stars and is ranked 51st. FinecoBank's transparency regarding its fees could be improved, as it does not publicly share average spread data for forex and CFD trading. It lists a EUR/USD spread of 1 pip and an alternative spread of 0.8 pips without clarifying whether these are average values or providing a corresponding date range. However, it is observed that FinecoBank tends to offer lower spreads for its index CFDs, which may benefit certain traders.

In summary, if transparency and lower-ranking are crucial factors for you, XM Group may be the better choice due to its higher star rating and ranking. But if you're interested in potentially lower spreads on index CFDs, FinecoBank may hold some appeal despite its lower ranking and less transparent spread data.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Minimum Deposit info $5 $0
Average Spread EUR/USD - Standard info 1.6 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments available at XM Group and FinecoBank, both brokers cater to forex enthusiasts by offering forex trading as either CFDs or spot contracts. XM Group provides clients with a selection of 1,394 tradeable symbols, including 55 forex pairs, whereas FinecoBank offers a broader spectrum with 9,770 tradeable symbols and 54 forex pairs. This considerable difference in available symbols highlights FinecoBank's more extensive investment offerings, despite their nearly identical range of forex pairs.

Both platforms grant access to exchange-traded securities on renowned U.S. and international exchanges, allowing investors to own shares in prominent companies like Apple's NASDAQ-listed stocks or Vodafone's shares on the London Stock Exchange. Additionally, XM Group supports copy trading, an option not available with FinecoBank. However, neither broker offers the purchase of real cryptocurrencies, with XM Group providing the alternative of cryptocurrency derivatives. Both brokers hold a respectable 4.5-star rating for their range of investments, with FinecoBank securing a slightly higher rank (#16) than XM Group (#23) according to ForexBrokers.com.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 9770
Forex Pairs (Total) info 55 54
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When it comes to trading platforms and tools, XM Group and FinecoBank cater to different needs. XM Group provides a rich array of options, offering both MetaTrader 4 and MetaTrader 5, as well as the opportunity for simulated trading through free demo accounts. This makes it an attractive option for both beginners and experienced traders. Additionally, XM Group supports both Windows-based desktop and web-based trading platforms, along with copy trading capabilities, allowing users to automatically copy the trades of more experienced investors. It also provides users the ability to trade directly from charts and offers 15 drawing tools for charting, facilitating a more hands-on trading experience. Although its platform is not developed in-house, this setup has garnered XM Group a solid 4-star rating in Trading Platforms and Tools.

On the other hand, FinecoBank takes pride in offering a proprietary trading platform that is maintained and updated in-house, attracting those who favor unique, tailored trading environments. It supports both desktop and web-based platforms but does not offer a free demo account or functionalities like MetaTrader or copy trading. FinecoBank provides a more streamlined charting experience with seven drawing tools, and its watch lists lack customizability in columns. Despite these limitations, FinecoBank holds a 4-star rating in Trading Platforms and Tools and ranks higher than XM Group for Trading Platforms and Tools on ForexBrokers.com, positioned at #18 compared to XM Group's #31. This suggests that FinecoBank's platform might appeal to those who value uniqueness and proprietary innovation in their trading tools.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Virtual Trading (Demo) info Yes No
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 37
Charting - Drawing Tools (Total) info 15 7
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 7 N/A
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both XM Group and FinecoBank offer iPhone and Android apps, allowing traders the convenience of trading on the go. With features like stock or forex price alerts available on both platforms, users can stay updated with market movements swiftly. One of the standout features of the XM Group app is its capability to sync watchlists between the mobile app and the user's online account, ensuring any changes made in one platform reflect on the other. This is a feature not available with FinecoBank. Additionally, XM Group excels with a higher number of technical studies, offering 30 compared to FinecoBank's 6, and the ability to draw trendlines on charts, which FinecoBank lacks.

In terms of charting features, both apps enable users to view multiple time frames, allowing traders to choose between daily, weekly, or intraday perspectives. However, the ability to create watchlists with real-time quotes is another advantage XM Group has over FinecoBank. Neither app has an auto-save function for drawings on charts. When it comes to mobile trading app ratings, both XM Group and FinecoBank are rated 4 stars; however, XM Group ranks higher, positioned at #29 out of 63 brokers as per ForexBrokers.com, while FinecoBank is ranked at #42. These distinctions underscore XM Group's comprehensive offering for traders seeking detailed and synchronized trading tools in their mobile experience.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Mobile Watchlist info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, XM Group stands out with its daily market commentary, offering traders timely insights that FinecoBank does not provide. Both brokers deliver forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to high-quality information. However, XM Group offers additional tools such as Trading Central's technical analysis, unlike FinecoBank, enhancing traders' ability to make informed decisions.

While both XM Group and FinecoBank provide an economic calendar for tracking global news events, XM Group goes a step further by offering a sentiment-based trading tool, showing the distribution of long and short positions across various instruments. This added feature gives XM Group an edge, with a research rating of 5 stars compared to FinecoBank's 4 stars. Ranked #8 out of 63 brokers by ForexBrokers.com, XM Group clearly surpasses FinecoBank, which holds the #33 spot in the research category.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, XM Group sets a high standard compared to FinecoBank. XM Group offers a variety of learning materials for those starting in forex and CFD trading, ensuring that users have access to over ten educational pieces, including articles and videos. In contrast, FinecoBank does not meet this threshold of educational content in forex or CFDs. Both brokers provide online webinars monthly, but only XM Group offers a searchable archive of these sessions for future reference. This can be a crucial resource for beginners who want to revisit the content or catch up on missed sessions.

For those seeking video content, both XM Group and FinecoBank cater to beginners with at least ten videos on trading fundamentals. However, XM Group goes a step further by also offering over ten advanced videos tailored for more experienced traders, a feature that FinecoBank lacks. Additionally, while XM Group does not provide an investor dictionary, FinecoBank offers detailed definitions for over fifty investing terms. With a five-star educational rating and a ranking of seventh out of sixty-three brokers, XM Group appears to outstrip FinecoBank, which receives a four-star rating and ranks forty-ninth for education. This makes XM Group a compelling choice for novices eager to dive into the world of trading with a comprehensive set of learning tools.

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than FinecoBank. XM Group finished with an overall rank of #17, while FinecoBank finished with an overall rank of #25.

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

Feature XM Group logoXM Group
FinecoBank logoFinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 88 94
Range of Investments 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 4.0/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or FinecoBank?

When comparing online brokers, XM Group offers the ability to buy cryptocurrency derivatives while FinecoBank does not provide options for purchasing either actual cryptocurrencies or cryptocurrency derivatives.

What funding options does each broker offer?

In comparing XM Group with FinecoBank for online brokerage services, XM Group uniquely supports Skrill and bank wires for deposits and withdrawals, alongside Visa or Mastercard, while lacking ACH, SEPA, and PayPal options, whereas FinecoBank provides ACH, SEPA, and bank wires but does not support Skrill, Visa, Mastercard, or PayPal.




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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Compare

0 of 5
Overall Rating XM Group FinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 4.0/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 88 94
Winner check_circle
Review XM Group Review FinecoBank Review
Broker Screenshots XM Group FinecoBank
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation XM Group FinecoBank
Trust Score info 88 94
Year Founded info 2009 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) XM Group FinecoBank
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses (Trusted) XM Group FinecoBank
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments XM Group FinecoBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 9770
Forex Pairs (Total) info 55 54
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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).
Cost XM Group FinecoBank
Average Spread EUR/USD - Standard info 1.6 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes No
Funding XM Group FinecoBank
Minimum Deposit info $5 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms XM Group FinecoBank
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools XM Group FinecoBank
Virtual Trading (Demo) info Yes No
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 7 N/A
Charting - Indicators / Studies (Total) info 30 37
Charting - Drawing Tools (Total) info 15 7
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading XM Group FinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes No
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Mobile Economic Calendar info Yes Yes
Research XM Group FinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education XM Group FinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs XM Group FinecoBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review FinecoBank Review
Overall XM Group FinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 4.0/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 88 94
Winner check_circle
Review XM Group Review FinecoBank Review
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