Written by ForexBrokers.com
In this head to head comparison of XTB vs Fineco, 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.
When comparing online brokers XTB and Fineco, both platforms offer robust trading options and are publicly traded, ensuring a degree of transparency for their users. XTB, founded in 2002, and Fineco, established in 1999, stand as reputable choices for traders. While XTB is not a bank, Fineco operates as one, which may give it an edge for those seeking banking services alongside trading.
In terms of regulation, XTB and Fineco hold an equal number of Tier-1 licenses, with two each, signifying a high level of trust. However, XTB also boasts two Tier-2 licenses compared to Fineco's none, suggesting a broader regulatory reach. This difference is reflected in their Trust Score ratings by ForexBrokers.com, where XTB scores an impressive 96 out of 99, while Fineco follows closely with a score of 94. Both brokers fall within the "highly trusted" category, providing a secure environment for investors.
| Feature |
XTB
|
Fineco
|
|---|---|---|
| Year Founded | 2002 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing commissions and fees between XTB and Fineco, it's important to consider various aspects of their pricing structures. XTB offers two account types: the Standard account with spread-only pricing and the Professional account, which charges a commission but is being phased out and is only available to clients who qualify as elected professionals in Europe and the U.K. XTB’s average forex spreads for EUR/USD stand at 1 pip, aligning with industry standards but not leading the category. The broker is rated 4.5 out of 5 stars for commissions and fees, securing the 11th spot out of 63 brokers ranked by ForexBrokers.com.
Fineco, on the other hand, does not provide average spread data, making transparency regarding trading costs less clear-cut. The broker lists a spread of 1 pip for EUR/USD but without specifying whether this is an average, which makes it challenging for potential users to gauge how competitive these costs are compared to other brokers. Even so, Fineco indicates potentially lower spreads for its index CFDs, which might appeal to those focused on instruments beyond forex trading. Nonetheless, Fineco's commissions and fees are rated at 3.5 out of 5 stars, placing it at the 51st position among 63 brokers in the same ranking.
Overall, both brokers have their strengths and nuances. XTB offers competitive programs such as the Lower Spread Group for active traders, which provides spread rebates after certain trading volumes. Fineco, while less transparent about its average forex spreads, might compensate by offering more favorable conditions for index CFDs. Prospective clients should weigh these factors based on their trading preferences and strategies.
| Feature |
XTB
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When choosing between XTB and Fineco for online trading, the range of investments offered by each platform can be an important factor. Both brokers provide opportunities for forex trading as a CFD or spot contract. XTB supports a wider variety of tradeable forex pairs, with 71 options, compared to Fineco’s 54. Overall, Fineco has more tradeable symbols, offering 9,770 compared to XTB's 7,184. Both platforms allow access to exchange-traded securities on U.S. and international exchanges, enabling clients to buy shares of companies like Apple and Vodafone.
For cryptocurrency enthusiasts, XTB provides the possibility to trade cryptocurrency derivatives, whereas Fineco does not offer this option. Neither broker facilitates the direct purchase of cryptocurrency. When evaluated for their range of investments, XTB scores a perfect 5 stars, ranking 14th out of 63 brokers according to ForexBrokers.com. Fineco is not far behind with a 4.5-star rating, ranking 16th. Additionally, both brokers currently do not offer copy trading services.
| Feature |
XTB
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 9770 |
| Forex Pairs (Total) | 71 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools of XTB and Fineco, there are notable distinctions that can impact your trading experience. XTB offers a significant advantage with its free virtual demo account, allowing users to practice trading without any financial risk. This feature is not available with Fineco. Both brokers provide proprietary platforms developed in-house, alongside Windows-based desktop and web-based trading platforms, ensuring flexibility and accessibility for their users. Neither broker supports copy trading or popular platforms like MetaTrader 4 and 5, but XTB stands out with 32 drawing tools for charting compared to Fineco's seven, and the ability to trade directly from a stock chart, a feature Fineco lacks.
Both XTB and Fineco offer a solid assortment of tools, yet rankings from ForexBrokers.com place XTB at #9 out of 63 brokers due to its user-friendly interface and comprehensive options, whereas Fineco is ranked at #18. XTB is also rated higher at 4.5 stars for its trading platforms and tools, slightly edging out Fineco's 4 stars. While each broker has its strengths, XTB’s overall offering is more appealing to traders who value a rich toolkit and the ability to get hands-on practice with a demo account before venturing into real trading.
| Feature |
XTB
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 37 |
| Charting - Drawing Tools (Total) | 32 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 8 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, XTB and Fineco both provide applications for iPhone and Android users. They each offer stock or forex price alerts to keep traders informed of market movements. However, there are notable differences in their features. XTB leads with 39 technical studies available for charting, compared to Fineco's 6. Additionally, XTB allows users to draw trendlines on charts, an option not available with Fineco. Both apps support viewing multiple time frames for charts, providing versatile analysis options. However, only XTB's app auto-saves chart drawings, which could be beneficial for those who analyze complex charts over time.
When it comes to watchlists, XTB enables users to create lists with real-time quotes, a feature missing from Fineco's app. However, neither app allows for syncing watchlists between the mobile app and online account. In terms of user ratings, XTB scores 4.5 out of 5 stars, placing it 8th out of 63 brokers in ForexBrokers.com's rankings, whereas Fineco receives 4 stars, standing at 42nd. These rankings suggest that XTB’s app offers a more comprehensive trading experience for those who prioritize technical analysis and real-time data.
| Feature |
XTB
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing XTB and Fineco for market research, several differences become apparent. XTB provides daily market commentary, giving clients a consistent flow of information, while Fineco does not offer this feature. Both brokers deliver forex news from highly-regarded sources like Bloomberg and Reuters. However, XTB outpaces Fineco by providing a sentiment-based trading tool, which illustrates the ratio of long or short positions across various instruments, whereas Fineco lacks this tool.
Both XTB and Fineco offer economic calendars, helping traders stay informed about key global events. However, neither broker provides research tools from Autochartist, Trading Central, TipRanks, or Acuity Trading. In terms of research ratings, XTB scores an impressive 5 stars and ranks 7th out of 63 brokers according to ForexBrokers.com, while Fineco scores 4 stars and is ranked 33rd. This positions XTB as the more comprehensive choice for those prioritizing market research in their trading experience.
| Feature |
XTB
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 offered by XTB and Fineco for beginner traders, there are several noteworthy differences. XTB shines in providing a wide array of forex and CFDs educational content, with more than ten articles, videos, and archived webinars dedicated to these topics. In contrast, Fineco falls short in this area. Both brokers host monthly online educational webinars, but XTB goes a step further by offering a searchable archive of these recorded sessions, making it easier for beginners to access past content at their convenience. Furthermore, XTB excels with its selection of over ten advanced educational videos tailored for experienced traders, ensuring a continued learning journey as beginners become more proficient.
While Fineco does offer over ten beginner-focused educational videos and an extensive investor dictionary featuring over 50 investment terms, it's important to note the overall educational advantage held by XTB. With a higher education rating of five stars compared to Fineco's four stars, XTB also secures a better position on ForexBrokers.com's ranking, coming in at #11 out of 63 brokers, whereas Fineco is further down the list at #49. This comprehensive approach by XTB makes it a more attractive choice for beginners eager to learn and excel in forex and CFD trading.
| Feature |
XTB
|
Fineco
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XTB is better than Fineco. XTB finished with an overall rank of #7, while Fineco finished with an overall rank of #25.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 94 |
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While neither XTB nor Fineco offers the ability to buy actual delivered cryptocurrencies, XTB provides the option to invest in cryptocurrency derivatives, unlike Fineco.
When comparing the online brokers XTB and Fineco, XTB provides deposit and withdrawal options like PayPal, Skrill, Visa, Mastercard, and bank wires, but lacks ACH or SEPA transfers, whereas Fineco supports ACH or SEPA transfers and bank wires, yet does not offer PayPal, Skrill, Visa, or Mastercard as options.
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 | XTB | Fineco | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | XTB Review | Fineco Review |
| Broker Screenshots | XTB | Fineco | |
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| Regulation | XTB | Fineco | |
|---|---|---|---|
| Trust Score | 96 | 94 | |
| Year Founded | 2002 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | XTB | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | Yes |
| Tier-2 Licenses (Trusted) | XTB | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 9770 | |
| Forex Pairs (Total) | 71 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | XTB | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | XTB | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XTB | Fineco | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 8 | N/A | |
| Charting - Indicators / Studies (Total) | 39 | 37 | |
| Charting - Drawing Tools (Total) | 32 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | Fineco | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XTB | 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 | |
| Review | XTB Review | Fineco Review |
| Overall | XTB | Fineco | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | XTB Review | Fineco Review |
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