Written by ForexBrokers.com
In this head to head comparison of eToro 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 eToro and Fineco, it's clear that both offer trustworthy trading platforms, each with a publicly traded status and a high level of regulatory compliance. Founded in 2007, eToro holds three Tier-1 licenses and one Tier-2 license, signifying a strong regulatory standing. This contributes to its ForexBrokers.com Trust Score of 96 out of 99, indicating a high level of trust for users. Despite not being a bank, eToro's regulatory framework supports its reliable online brokerage services.
Fineco, founded in 1999 and operating as both a bank and an online broker, holds two Tier-1 licenses which, while fewer than eToro, still underscore its commitment to secure trading practices. With a Trust Score of 94 out of 99 from ForexBrokers.com, Fineco is also viewed as a highly trusted broker. Although it holds no Tier-2 licenses, its status as a bank and its regulatory licenses ensure a safe trading environment for its users.
| Feature |
eToro
|
Fineco
|
|---|---|---|
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
eToro and Fineco offer differing experiences when it comes to commissions and fees, catering to traders with varying needs and preferences. eToro, a market-maker broker, is ranked #22 out of 63 brokers by ForexBrokers.com in the Commissions and Fees category and is rated 4.5 stars. It features a typical variable spread of 1 pip on the EUR/USD, a bit higher than the industry average. However, traders are drawn to eToro for its innovative social copy trading platform rather than its spread. Additionally, its VIP Club, which requires a minimum balance of $5,000, provides tiers ranging from Silver to Diamond, each offering perks like access to Trading Central, discounted withdrawal and deposit fees, and a dedicated account manager.
Fineco, on the other hand, does not provide clear average spread data for forex and CFD trading, making its true trading costs harder to gauge. It lists a spread of 1 pip on the EUR/USD, similar to eToro, yet this value lacks context regarding averages or date ranges. Fineco's offerings are highlighted by potentially lower spreads on its index CFDs. Despite this, Fineco receives a lower rating of 3.5 stars and is ranked #51 in the same category by ForexBrokers.com, which may indicate higher trading costs or fewer appealing features compared to eToro.
Overall, while eToro might seem more appealing due to its user-friendly social trading capabilities and clearer VIP perks, traders looking for lower spreads on index CFDs might consider Fineco, keeping in mind the less transparent fees involved. Evaluating these brokers involves considering what aspects of trading are most important to you, whether it’s fees, trading features, or additional services.
| Feature |
eToro
|
Fineco
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When comparing eToro and Fineco for their range of investments, it's clear that both platforms cater to diverse investment needs but with notable distinctions. eToro offers 5,461 tradeable symbols, including 55 forex pairs available as both CFDs and spot contracts. This selection allows investors to dive into a broad market range, including the purchase of actual cryptocurrencies, which Fineco does not offer. Furthermore, eToro supports copy trading, allowing users to mimic the trades of experienced investors, a feature Fineco doesn't provide. eToro clients can buy shares directly from both U.S. and international exchanges, providing comprehensive access to major global markets.
Fineco, on the other hand, boasts a higher number of tradeable symbols at 9,770, including 54 forex pairs, also available as CFDs and spot contracts. While Fineco clients can also buy exchange-traded securities from U.S. and international exchanges, the platform does not support the purchase of actual cryptocurrencies or cryptocurrency derivatives. Despite lacking crypto offerings and copy trading, Fineco's extensive selection of tradeable assets earns it a commendable 4.5-star rating for investment range. According to ForexBrokers.com, eToro ranks 10th out of 63 brokers, while Fineco secures the 16th spot, reflecting their competitive yet diverse investment offerings.
| Feature |
eToro
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 9770 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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). |
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When comparing eToro and Fineco for their trading platforms and tools, eToro stands out with some unique offerings. eToro provides a virtual demo account, perfect for beginners who want to practice without risk. With its proprietary web-based platform and emphasis on social trading, eToro allows users to engage in copy trading, a feature that Fineco does not offer. Though eToro lacks a Windows-based desktop platform, its usability is enhanced with 161 drawing tools for charting, and 6 columns for watch lists, allowing for a more tailored user experience. Overall, eToro is rated 4.5 stars for its trading platforms and tools, ranking it 8th out of 63 brokers according to ForexBrokers.com.
Fineco, on the other hand, also boasts a proprietary trading platform with the added convenience of a Windows-based desktop option, catering to traders who prefer this traditional format. However, it lacks a free virtual demo account and the copy trading functionality that eToro users enjoy. Fineco supports fewer drawing tools than eToro, offering just seven. Despite these limitations, its dependable web-based platform has earned Fineco a 4-star rating for trading platforms and tools, placing it 18th in the same ForexBrokers.com ranking. Both brokers offer solid trading experiences, but their tools and capabilities cater to slightly different trader needs.
| Feature |
eToro
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 37 |
| Charting - Drawing Tools (Total) | 161 | 7 |
| Charting - Trade From Chart | No | No |
| Watchlists - Total Fields | 6 | N/A |
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When comparing eToro and Fineco's mobile trading apps, both cater to iPhone and Android users and provide features like stock or forex price alerts. However, eToro stands out by offering watchlist symbol syncing, enabling seamless updates across devices. While both apps allow viewing multiple time frames on charts, eToro offers a more extensive range of charting tools with 104 technical studies compared to Fineco's 6. Neither app supports trendline drawing or auto-saving chart drawings, which may be a consideration for users who frequently use technical charts. Additionally, eToro allows the creation of watchlists with real-time quotes, a feature not available on Fineco's platform.
In terms of user ratings and rankings, eToro is rated 4.5 stars compared to Fineco's 4 stars for their mobile trading apps. According to ForexBrokers.com, eToro ranks #10 out of 63 brokers, significantly higher than Fineco's ranking of #42. This higher rating and ranking suggest that eToro may offer a more sophisticated and user-friendly experience. Overall, these features and rankings make eToro a compelling choice for active traders seeking a comprehensive mobile app experience. Fineco, while slightly behind in some areas, still provides a solid option for those prioritizing straightforward mobile trading solutions.
| Feature |
eToro
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 6 |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
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When you compare the market research offerings of eToro and Fineco, eToro stands out by providing daily market commentary that keeps investors informed with regular updates. Although Fineco does not offer daily updates, it compensates by providing forex news from top-tier sources like Bloomberg and Reuters, an area where eToro falls short. Both platforms offer economic calendars that showcase important global events, but eToro enhances its offering with sentiment-based trading tools that reveal the market direction by showing long or short positions on various instruments, which Fineco does not have. Additionally, eToro collaborates with Trading Central for technical analysis tools, adding another layer of insight that Fineco lacks.
For those specifically looking for third-party research tool partnerships, eToro provides access to market research from TipRanks, a service not available with Fineco. However, neither platform offers tools from Autochartist or Acuity Trading. Overall, eToro's comprehensive research features earn it a rating of 4.5 stars for its research capabilities, placing it in the top 15 of 63 brokers, according to ForexBrokers.com. In contrast, Fineco has a slightly lower rating of 4.0 stars and ranks 33rd, indicating that eToro may offer a more complete suite of research tools to guide investment decisions.
| Feature |
eToro
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
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When comparing the educational resources available to beginners on eToro and Fineco, eToro offers a highly comprehensive learning experience. eToro provides a variety of learning materials, including more than ten educational pieces specifically on forex and CFDs, which might take the form of articles, videos, or archived webinars. Additionally, eToro's platform includes a wealth of beginner and advanced educational videos designed for both novices and experienced traders. An added benefit is eToro's searchable archive of past client webinars, making it easy for users to revisit and learn from previous sessions. The platform also supplies a convenient investor dictionary boasting over 50 investing terms, thus enhancing the educational journey for beginners and advanced traders alike.
On the other hand, Fineco also introduces users to online educational webinars offered monthly and showcases a collection of beginner-friendly educational videos. However, it falls short in providing forex or CFD-specific resources and advanced trading videos, which can be a downside for users eager to deepen their knowledge. Fineco lacks a searchable archive of past webinars, limiting the opportunity for users to revisit earlier educational content. Despite offering a helpful investor dictionary, Fineco's educational offerings earn it a slightly lower rating, with 4.0 stars compared to eToro's 4.5 stars. Within the educational category rankings by ForexBrokers.com, eToro stands at an impressive #5 out of 63 brokers, while Fineco ranks at #49, highlighting eToro's significant edge in educational content for beginners.
| Feature |
eToro
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Fineco. eToro finished with an overall rank of #9, while Fineco finished with an overall rank of #25.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 94 |
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When comparing online brokers eToro and Fineco, eToro stands out by allowing users to buy both actual delivered cryptocurrency and cryptocurrency derivatives, whereas Fineco does not offer the ability to buy either actual cryptocurrencies or cryptocurrency derivatives.
eToro and Fineco both support ACH or SEPA transfers and bank wires for funds deposits and withdrawals, but eToro additionally offers PayPal, Skrill, and credit card options such as Visa and Mastercard, which are not available with Fineco.
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 | eToro | Fineco | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | Fineco Review |
| Broker Screenshots | eToro | Fineco | |
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| Regulation | eToro | Fineco | |
|---|---|---|---|
| Trust Score | 96 | 94 | |
| Year Founded | 2007 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | eToro | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 9770 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | eToro | Fineco | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | Yes | Yes |
| Trading Platforms | eToro | Fineco | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 104 | 37 | |
| Charting - Drawing Tools (Total) | 161 | 7 | |
| Charting - Trade From Chart | No | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 6 | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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) | Yes | Yes |
| Major Forex Pairs | eToro | 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 | eToro Review | Fineco Review |
| Overall | eToro | Fineco | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | Fineco Review |
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