Written by ForexBrokers.com
In this head to head comparison of XTB vs FinecoBank, 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.
Founded in 2002, XTB is a publicly traded online broker that comes with a high Trust Score of 96 out of 99 according to ForexBrokers.com, indicating it's highly trusted. Although not a bank, XTB holds two Tier-1 licenses and two Tier-2 licenses, offering assurance to its clients about safety and regulation. This regulatory footprint combined with its market presence makes it a strong choice for traders seeking reliability.
On the other hand, FinecoBank, established in 1999, is also publicly listed and operates as a bank, carrying a Trust Score of 94 out of 99, marking it as highly trusted. FinecoBank possesses two Tier-1 licenses but lacks Tier-2 licenses. The firm’s status as a bank may offer clients additional financial services and stability backed by banking regulations while still ensuring a secure trading environment.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| 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 it comes to comparing XTB and FinecoBank based on commissions and fees, each broker presents unique features. XTB offers two account types: a spread-only Standard account and a commission-based Professional account for select clients in the U.K. and Europe. XTB offers average forex spreads of 1 pip on the EUR/USD, with competitive pricing that aligns with the industry average. Notably, for retail forex traders, the Standard account is recommended due to its cost-effectiveness at smaller volumes, considering the Professional account is no longer widely available. Active traders can also benefit from XTB’s Lower Spread Group, where a portion of the spread may be rebated for higher trading volumes.
FinecoBank, on the other hand, does not provide comprehensive average spread data for forex and CFD trading, making its trading costs less transparent. The broker lists a spread of 1 pip for the EUR/USD, which, when compared to industry standards, is higher than many competitors. However, FinecoBank does offer potentially lower spreads on its index CFDs, adding some flexibility for traders interested in these instruments.
In terms of commissions and fees, XTB is highly regarded, receiving a 4.5-star rating and ranking 11th out of 63 brokers according to ForexBrokers.com. In contrast, FinecoBank is rated at 3.5 stars and ranks 51st in the same category. This distinction underscores XTB's superior position in terms of cost-effectiveness and trading advantages for its clients.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| 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 comparing XTB and FinecoBank in terms of their available range of investments, both brokers provide options for forex trading, allowing trades via CFDs. XTB offers a slightly broader selection with 7,184 tradable symbols and 71 forex pairs, compared to FinecoBank's 9,770 tradable symbols and 54 forex pairs. Both platforms also enable clients to trade exchange-traded securities from U.S. exchanges, like Apple, and international exchanges, such as Vodafone. However, only XTB provides the option to trade cryptocurrency derivatives, while FinecoBank does not. Neither broker allows for the purchase of actual cryptocurrencies or supports copy trading.
Overall, XTB scores slightly higher with a 5-star rating for its range of investments, ranking 14th out of 63 brokers according to ForexBrokers.com. FinecoBank, on the other hand, earns a respectable 4.5-star rating and holds the 16th spot in the same rankings. These evaluations highlight XTB's slightly more extensive range of tradable offerings, particularly with its greater number of forex pairs and access to crypto derivatives.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| 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 offered by XTB and FinecoBank, XTB clearly provides a more comprehensive suite of options for traders. Notably, XTB offers a virtual demo account allowing users to practice trading, a feature that FinecoBank lacks. Both brokers have developed their own proprietary platforms and offer both Windows-based desktop and web-based platforms. However, XTB shines with 32 drawing tools for charting, significantly more than FinecoBank's seven, and the ability to trade directly from a stock chart, a feature not available with FinecoBank. Both brokers do not support trading on MetaTrader 4 or 5, nor do they offer copy trading or integration with DupliTrade and ZuluTrade.
For watch lists, XTB offers eight columns for customization, though this detail is not specified for FinecoBank. In terms of overall ratings, XTB receives a commendable 4.5 stars out of five for its trading platforms and tools, ranking 9th out of 63 brokers according to ForexBrokers.com. FinecoBank also offers a reliable experience with a four-star rating but ranks lower at 18th. This comprehensive look suggests that XTB provides a more versatile and user-friendly platform, especially for those seeking in-depth charting options and the ability to test trading strategies without financial risk.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| 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 choosing between XTB and FinecoBank for mobile trading, both platforms offer apps compatible with iPhone and Android devices as well as stock and forex price alerts. However, XTB takes the lead with 39 technical studies available within its app, enabling more in-depth chart analysis compared to FinecoBank's six studies. Additionally, XTB users can draw trendlines and have their chart drawings auto-saved, features that FinecoBank's app lacks. Both apps allow viewing different time frames for stock or forex charts, though only XTB supports creating a watchlist with real-time quotes.
In terms of user ratings and rankings, XTB boasts a rating of 4.5 stars, positioning it at rank #8 out of 63 brokers in ForexBrokers.com's Mobile Trading Apps category. FinecoBank, on the other hand, holds a slightly lower rating of 4 stars and ranks #42. While both apps offer essential tools for trading, XTB provides a more feature-rich experience for those who prioritize comprehensive charting and real-time data access on their mobile devices.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| 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 the market research offerings between XTB and FinecoBank, it's clear that both brokers have unique strengths. XTB stands out with daily market commentary and a sentiment-based trading tool to help traders gauge market mood through the ratio of long or short positions. They also provide forex news from renowned sources like Bloomberg, Reuters, and Dow Jones. XTB supports traders with an economic calendar that outlines global news events, making it easier for users to foresee market movements. For research quality, XTB earns a higher rating of 5 stars and ranks 7th among 63 brokers on ForexBrokers.com.
On the other hand, FinecoBank also delivers forex news from top-tier sources, and, like XTB, offers an economic calendar for tracking worldwide events. However, the absence of daily market commentary and sentiment analysis tools might be a downside for traders who rely on these insights to make timely decisions. Consequently, FinecoBank receives a slightly lower research rating of 4 stars and ranks 33rd for research according to ForexBrokers.com. Both brokers do not provide tools from companies like Autochartist, Trading Central, Acuity Trading, or TipRanks, focusing instead on their core strengths in news and event tracking.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| 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 it comes to educational resources for beginners, XTB stands out by offering a diverse range of materials focused on forex and CFDs, meeting the needs of those just starting on their trading journey. With over 10 educational pieces available, including articles, videos, and recorded webinars, XTB ensures comprehensive coverage of these topics. Beginners can also benefit from regular online webinars and access a searchable archive of previous webinars to reinforce their understanding. The platform delivers tailored educational videos specifically for newcomers and offers advanced content for more experienced traders, making it a versatile resource for both categories. This dedication to education is reflected in XTB's 5-star rating and its position as the 11th ranked broker by ForexBrokers.com in the Education category.
FinecoBank, on the other hand, provides a more limited range of educational resources in the area of forex and CFDs, lacking a substantial collection of materials focused on these subjects. Although FinecoBank does host online educational webinars, it does not provide access to an archive, which might limit learning flexibility. Beginners will find at least 10 video resources covering essential trading topics, yet those seeking advanced learning might find the offering lacking. One unique feature is its investor dictionary, supplying definitions for over 50 investing terms. FinecoBank holds a 4.0-star rating for education and is positioned at #49 out of 63 brokers by ForexBrokers.com, indicating solid educational offerings but room for improvement in supporting novice traders.
| Feature |
XTB
|
FinecoBank
|
|---|---|---|
| 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 FinecoBank. XTB finished with an overall rank of #7, while FinecoBank 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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FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 94 |
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When comparing online brokers XTB and FinecoBank in terms of cryptocurrency trading, neither allows the purchase of actual delivered cryptocurrency, but XTB stands out by offering the ability to buy cryptocurrency derivatives, whereas FinecoBank does not.
When comparing online brokers, XTB does not provide ACH or SEPA transfers but allows PayPal, Skrill, Visa/Mastercard, and bank wire transactions, whereas FinecoBank supports ACH or SEPA transfers and bank wires but lacks PayPal, Skrill, and Visa/Mastercard 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 | FinecoBank | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | XTB Review | FinecoBank Review |
| Broker Screenshots | XTB | FinecoBank | |
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| Regulation | XTB | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank Review |
| Overall | XTB | FinecoBank | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | XTB Review | FinecoBank Review |
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