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FP Markets vs Fineco 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000
Fineco
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

FP Markets and Fineco offer distinct characteristics and strengths in the world of online trading. Founded in 2005, FP Markets is not publicly traded and does not operate as a bank, but it maintains a strong regulatory foundation with two Tier-1 licenses and one Tier-2 license. According to ForexBrokers.com, FP Markets has a Trust Score of 89, indicating a high level of trust. On the other hand, Fineco, established in 1999, is both a bank and a publicly traded entity. It holds two Tier-1 licenses and enjoys a higher Trust Score of 94, showcasing its position as a highly trusted brokerage.

When comparing these two brokers, Fineco stands out for its banking status and slightly higher trust rating, reflecting its reputation in the market. FP Markets, while not a bank or publicly traded, remains a trusted choice supported by its regulatory compliance. Ultimately, traders might consider FP Markets for its solid trust score and regulatory credentials, while Fineco offers the additional reassurance of being a bank with proven trustworthiness. Both brokers cater to different investor needs, depending on what features and assurances are more significant to each individual.

Feature FP Markets logoFP Markets
Fineco logoFineco
Year Founded info 2005 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

FP Markets stands out in the realm of online trading with its competitive pricing, particularly within its commission-based ECN account offering. Rated 5 stars for commissions and fees, FP Markets is ranked #6 out of 63 brokers by ForexBrokers.com. The broker's Raw ECN account offers competitive spreads, averaging 0.1 pips, with a total cost of 0.8 pips after commission, making it an attractive choice for cost-conscious traders. Meanwhile, the Iress suite in Australia provides various account types, although active traders with higher balances might find better value elsewhere, such as Saxo or CMC Markets.

In comparison, Fineco's fee structure is less transparent, as the broker does not publish average spread data for forex and CFD trading, making it difficult to gauge actual trading costs. With a spread listing of 1 pip for the EUR/USD, Fineco's costs are higher compared to typical forex brokers. While lower spreads are offered on index CFDs, Fineco receives a 3.5-star rating in commissions and fees and ranks #51 out of 63 brokers in the ForexBrokers.com review.

When choosing between these two brokers, traders are likely to prefer FP Markets for its clearer, more competitive pricing and superior ranking. However, for those specifically interested in index CFDs, Fineco might present a worthwhile consideration despite its lower overall ranking and less transparent cost structure.

Feature FP Markets logoFP Markets
Fineco logoFineco
Minimum Deposit info $100 AUD $0
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info Yes 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


5/5 Stars

Join 239,000+ traders worldwide.

4.5/5 Stars

Regulated in 7 jurisdictions

Range of investments

FP Markets and Fineco both excel in offering diverse investment opportunities, each with unique advantages. FP Markets is a strong contender for those interested in forex, providing access to 71 tradeable forex pairs and a substantial total of 10,000 tradeable symbols, including CFDs for cryptocurrencies. It stands out with its copy trading service, allowing clients to mimic the trades of successful traders. However, FP Markets does not support the direct purchase of exchange-traded securities from U.S. or international exchanges, which may be a limitation for investors looking to diversify with actual stock purchases.

On the other hand, Fineco provides access to 9,770 tradeable symbols, with 54 forex pairs available. What sets Fineco apart is its offering of direct trading in exchange-traded securities from both U.S. and international markets, enabling investors to purchase renowned stocks like Apple or Vodafone directly. However, Fineco does not offer copy trading or cryptocurrency derivatives. Despite these differences, both brokers receive equal praise for their range of investments, each achieving a 4.5-star rating and ranking closely in the top 20 among 63 brokers, with Fineco slightly ahead at #16 compared to FP Markets' #18.

Feature FP Markets logoFP Markets
Fineco logoFineco
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 9770
Forex Pairs (Total) info 71 54
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No 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 comparing the trading platforms and tools provided by FP Markets and Fineco, distinct features set them apart for both beginners and experienced traders. FP Markets stands out by offering a simulated trading experience through a free virtual demo account, which Fineco does not currently provide. Both brokers offer their own proprietary platforms, in addition to Windows-based desktop downloads and web-based platforms for flexible trading options. However, FP Markets goes a step further by supporting well-known trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), a feature Fineco lacks. Moreover, FP Markets supports copy trading while Fineco does not. This makes FP Markets appealing for traders who wish to experiment and hone their strategies with virtual funds or follow more experienced traders.

In terms of charting and trade execution features, FP Markets offers more drawing tools with 17 options compared to Fineco's 7. Another advantage of FP Markets is the ability to trade directly from a stock chart, a feature not available with Fineco. FP Markets also provides a better-customized experience with 7 columns available to configure watch lists, while Fineco does not provide specific information in this regard. Despite these differences, both brokers receive a solid 4-star rating for their trading platforms and tools. While FG Markets ranks slightly lower than Fineco in this category, positioned at #23 compared to Fineco's #18 by ForexBrokers.com, the unique tools and features offered by FP Markets may provide more value depending on individual trading needs.

Feature FP Markets logoFP Markets
Fineco logoFineco
Virtual Trading (Demo) info Yes No
Proprietary Platform info Yes 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 17 7
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 7 N/A

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

Forex trading apps

When it comes to mobile trading, both FP Markets and Fineco provide iPhone and Android apps, making trading accessible from most smartphones. Both platforms allow users to receive stock and forex price alerts. However, there's no option to sync watchlist symbols between the app and online account on either app, which might require users to manage their lists separately on different platforms. For technical charting, FP Markets offers charting via the MetaTrader default, which may provide extensive tools in comparison to Fineco's six technical studies. Furthermore, FP Markets stands out by enabling users to draw trendlines on charts and provides an autosave feature for these drawings, while Fineco lacks this functionality.

As for viewing charts, both FP Markets and Fineco allow users to observe multiple time frames, enhancing trading analysis. However, FP Markets offers the ability to create watchlists with real-time quotes within its mobile app, a feature missing from Fineco. Despite these differences, both trading apps have garnered a 4-star rating for their mobile apps. In the competitive landscape of mobile trading apps, FP Markets is ranked 18th out of 63 brokers by ForexBrokers.com, indicating a higher placement than Fineco, which holds the 42nd position. This comparison reflects FP Markets' slightly more advanced toolset for serious traders on-the-go.

Feature FP Markets logoFP Markets
Fineco logoFineco
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research offerings, FP Markets and Fineco present differing strengths that may appeal to different types of investors. FP Markets distinguishes itself by providing daily market commentary and a wide array of critical tools, such as those from Autochartist and Trading Central, which are valuable for traders who rely on technical and fundamental analysis. Additionally, FP Markets offers a sentiment-based trading tool, which can aid traders in making decisions based on market positioning. Although both brokers provide forex news from top-tier sources like Bloomberg and Reuters, FP Markets seems to offer a more comprehensive research suite, helping traders stay informed with its rich selection of analysis tools and market commentaries.

Fineco, on the other hand, shares some similarities with its competitor, such as offering an economic calendar and access to esteemed news outlets, but it lacks in certain advanced features like Autochartist and Trading Central tools, as well as sentiment indicators. However, both FP Markets and Fineco have been rated favorably, earning 4 out of 5 stars each for their research capabilities. In rankings, FP Markets comes in at #25, while Fineco is slightly lower at #33, out of 63 brokers rated by ForexBrokers.com. In summary, FP Markets may be the more advantageous choice for traders seeking a thorough analysis experience, while Fineco offers a simpler, yet quality alternative.

Feature FP Markets logoFP Markets
Fineco logoFineco
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes 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 available for beginners, FP Markets and Fineco both have offerings but differ in scope. FP Markets excels by providing extensive educational content on forex and CFDs, surpassing the minimum requirement with over ten pieces such as articles and videos. It also hosts monthly webinars, making prior sessions easily accessible through a searchable archive—a feature Fineco lacks. FP Markets caters to both beginners and experienced traders alike with over 10 educational videos for each group. It also offers an investor dictionary with comprehensive definitions, similar to Fineco.

Fineco presents a mixed bag with its educational resources. While it also provides educational webinars and a dictionary similar to FP Markets, its content on forex and CFDs needs to catch up by not meeting the ten-piece minimum. Moreover, Fineco lacks a searchable webinar archive and advanced educational videos for seasoned traders, notwithstanding its provision of beginner-level videos. Both platforms have garnered four-star ratings for their educational offerings, but in a comparative ranking of 63 brokers, FP Markets stands at #23 compared to Fineco's position at #49, highlighting FP Markets’ edge in educational quality and accessibility.

Feature FP Markets logoFP Markets
Fineco logoFineco
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 Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Fineco. FP Markets finished with an overall rank of #19, while Fineco finished with an overall rank of #25.

FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Feature FP Markets logoFP Markets
Fineco logoFineco
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 89 94
Range of Investments 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.0/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or Fineco?

While FP Markets provides options for trading cryptocurrency derivatives, it does not facilitate the purchase of actual cryptocurrencies, whereas Fineco neither supports the purchase of real cryptocurrencies nor offers cryptocurrency derivatives.

What funding options does each broker offer?

FP Markets and Fineco differ in their deposit and withdrawal methods: FP Markets supports PayPal, Skrill, Visa/Mastercard, and bank wires but not ACH or SEPA transfers, whereas Fineco offers ACH, SEPA transfers, and bank wires, but does not support PayPal, Skrill, or Visa/Mastercard transactions.




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 FP Markets Fineco
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 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 4/5 Stars 4.0/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 89 94
Winner check_circle
Review FP Markets Review Fineco Review
Broker Screenshots FP Markets Fineco
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 FP Markets Fineco
Trust Score info 89 94
Year Founded info 2005 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) FP Markets Fineco
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 info Yes info
Tier-2 Licenses (Trusted) FP Markets Fineco
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FP Markets Fineco
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 9770
Forex Pairs (Total) info 71 54
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No 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 FP Markets Fineco
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes No
Funding FP Markets Fineco
Minimum Deposit info $100 AUD $0
PayPal (Deposit/Withdraw) info Yes 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 FP Markets Fineco
Proprietary Platform info Yes 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 Yes No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FP Markets Fineco
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 17 7
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading FP Markets Fineco
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 No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research FP Markets Fineco
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education FP Markets Fineco
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 Yes Yes
Major Forex Pairs FP Markets Fineco
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 FP Markets Review Fineco Review
Overall FP Markets Fineco
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 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 4/5 Stars 4.0/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 89 94
Winner check_circle
Review FP Markets Review Fineco Review
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