Written by ForexBrokers.com
In this head to head comparison of Fineco vs FXPrimus, 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.
Fineco, established in 1999, stands out as a bank and a publicly traded entity, offering users a sense of security and transparency. Holding two Tier-1 licenses, Fineco is highly regarded for its stable and secure trading environment, earning an impressive Trust Score of 94 from ForexBrokers.com. This positions Fineco as a highly trusted online broker, providing clients with confidence in their operations and regulatory compliance.
On the other hand, FXPrimus, which was founded in 2009, is not publicly traded and does not operate as a bank. With one Tier-1 license, FXPrimus has a Trust Score of 71, categorizing it as an average-risk broker according to ForexBrokers.com. While FXPrimus provides a solid option for traders looking for additional choices, those seeking higher trust levels might prefer brokers with more extensive regulatory oversight like Fineco.
| Feature |
Fineco
|
FXPrimus
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Fineco and FXPrimus both offer trading platforms for forex and CFDs, but they differ significantly in their commissions and fees, impacting the overall trading experience. Fineco does not disclose average spread data for its forex and CFD trading, making it challenging to gauge their exact trading costs. The broker lists a spread of 1 pip for the EUR/USD pair, which is somewhat above the usual spread offered by other forex brokers. Additionally, Fineco mentions a spread of 0.8 pips, yet these rates are not clearly provided as average values, nor do they include a specific date range. While these rates seem ambiguous, Fineco may potentially offer better spreads on index CFDs.
FXPrimus, on the other hand, also does not provide average spread data. However, when taking into consideration their rating and rank, it appears to have a relatively competitive edge in terms of overall costs compared to Fineco. With FXPrimus rated 4 stars out of 5 for commissions and fees, it ranks #42 out of 63 brokers on ForexBrokers.com. This places it higher than Fineco, which is rated 3.5 stars and ranks at #51 for the same category. This difference suggests FXPrimus might offer more favorable trading terms for brokers who prioritize costs.
In summary, while both brokers do not publish average spread data making it harder to determine exact costs, FXPrimus seems to provide slightly more advantageous conditions based on ratings and rankings. Prospective traders might lean toward FXPrimus if commission and fee structures are a primary concern, taking into account their higher star rating and ranking compared to Fineco.
| Feature |
Fineco
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When considering the breadth of investment options, Fineco significantly outshines FXPrimus. Fineco offers an impressive 9,770 tradeable symbols, giving investors a vast array of choices compared to FXPrimus's 140 symbols. For those interested in forex trading, Fineco provides 54 tradeable forex pairs, slightly surpassing FXPrimus's 42 pairs. Additionally, Fineco allows clients to purchase exchange-traded securities on both U.S. and international exchanges, enabling direct investment in well-known companies like Apple and Vodafone. These offerings are not available through FXPrimus, which limits clients to forex trading as CFDs or spot contracts and does not support direct share purchases.
While both platforms offer forex trading as either CFD or spot contracts, FXPrimus includes the option to engage in copy trading and invest in cryptocurrency derivatives. However, neither broker allows the purchase of actual cryptocurrencies. Fineco's wider array of investment products earns it a high rating of 4.5 stars for its range of investments, placing it at the 16th position among 63 brokers according to ForexBrokers.com. In comparison, FXPrimus receives a 3.5-star rating, ranking at 59th. This indicates that Fineco provides a more comprehensive suite of investment opportunities, addressing the needs of more diverse investor profiles.
| Feature |
Fineco
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 140 |
| Forex Pairs (Total) | 54 | 42 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| 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 it comes to trading platforms and tools, Fineco and FXPrimus each have unique offerings that cater to different types of traders. Fineco presents a proprietary platform developed in-house and is accessible via both a Windows-based desktop application and a web-based browser platform. However, it lacks features like copy trading, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), which are quite popular among traders. It also does not support simulated trading with a demo account. Despite these limitations, Fineco provides a solid selection of 7 drawing tools for charting but doesn't allow trading directly from stock charts.
On the other hand, FXPrimus provides a more diverse range of options for those seeking a variety of trading tools. It supports both its own proprietary platform and well-known platforms like MT4 and MT5. Unlike Fineco, FXPrimus offers copy trading and the ability to practice with a free virtual demo account. Charting capabilities on FXPrimus are enhanced with 15 drawing tools and the ability to trade directly from charts, which can be appealing for active technical traders. Furthermore, FXPrimus gives traders flexibility with web-based and Windows desktop platforms and a watch list with 7 fields. Despite these strengths, both brokers receive a 4-star rating in the Trading Platforms and Tools category, though Fineco is ranked higher at #18 compared to FXPrimus at #49 by ForexBrokers.com.
| Feature |
Fineco
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
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When it comes to mobile trading apps, both Fineco and FXPrimus provide iPhone and Android options, making it easy for traders to stay connected on the go. Each platform also supports stock and forex price alerts, ensuring users can track market changes as they happen. A key difference, however, lies in the charting capabilities; Fineco offers six technical studies, while FXPrimus provides a more extensive range with 30 technical studies. FXPrimus users can also draw trendlines, view multiple time frames, and have their chart drawings auto-saved, providing more flexibility and convenience compared to Fineco.
While Fineco does not provide watchlist symbol syncing or real-time quotes on watchlists through its mobile app, FXPrimus allows users to create watchlists with live data. Despite some missing features, both apps are equally rated at 4 stars for their mobile trading experience. In the ForexBrokers.com ranking, Fineco places slightly higher at #42, whereas FXPrimus comes in at #48 out of 63 brokers. This suggests that while both apps offer valuable tools, the specific needs of the user may determine which platform is more suitable.
| Feature |
Fineco
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Fineco and FXPrimus in terms of market research offerings, there are notable differences and similarities. Fineco stands out by providing Forex news from prestigious sources like Bloomberg and Reuters, which ensures traders stay informed with high-quality insights. Unfortunately, it does not offer daily market commentary, unlike FXPrimus, which does provide this service to give traders an edge with regular updates. Both brokers lack advanced analysis tools from companies like Autochartist and Trading Central, and neither offers sentiment-based trading tools or research from firms like TipRanks and Acuity Trading.
Additionally, both Fineco and FXPrimus share the feature of an economic calendar to track important global economic events, keeping traders informed on potential market movers. However, Fineco scores slightly better in overall research quality, earning a 4.0-star rating compared to FXPrimus's 3 stars. Within ForexBrokers.com rankings, Fineco is placed at a respectable 33rd out of 63 brokers for research, whereas FXPrimus finds itself further down the list at 58th. This suggests trade enthusiasts seeking comprehensive news coverage might prefer Fineco, while those desiring regular updates might find FXPrimus more suitable.
| Feature |
Fineco
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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, Fineco provides a selection of learning tools, including more than ten beginner-focused trading videos and a comprehensive investor dictionary with over 50 investing terms. Additionally, Fineco conducts regular monthly webinars to keep clients informed, although they do not maintain an archive of previous sessions. While their forex and CFDs education might be limited, with a rating of 4 out of 5 stars, they are a solid choice for novice traders seeking foundational knowledge.
In contrast, FXPrimus stands out by offering over ten educational pieces dedicated to forex and CFDs, catering to beginners who wish to explore these trading areas in depth. They also provide a searchable archive of past webinars, making it easier for clients to revisit important sessions. However, they lack a broad selection of beginner-targeted trading videos or an investor dictionary. With a 3-star rating, FXPrimus remains a helpful resource, yet it ranks slightly lower than Fineco for education, coming in at #51 out of 63 brokers according to ForexBrokers.com.
| Feature |
Fineco
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than FXPrimus. Fineco finished with an overall rank of #25, while FXPrimus finished with an overall rank of #53.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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FXPrimus
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| Overall Rating |
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| Trust Score | 94 | 71 |
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When comparing the online brokers Fineco and FXPrimus, neither offer the ability to buy actual (delivered) cryptocurrency, however, FXPrimus distinguishes itself by providing the option to purchase cryptocurrency derivatives, unlike Fineco.
Comparing online brokers Fineco and FXPrimus, Fineco supports ACH and SEPA transfers as well as bank wires for fund transactions but does not accept PayPal, Skrill, Visa, or Mastercard, while FXPrimus offers a variety of deposit and withdrawal options including Skrill, Visa, Mastercard, and bank wires, but not ACH or SEPA transfers, nor PayPal.
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 | Fineco | FXPrimus | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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| Regulation | Fineco | FXPrimus | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | No | |
| 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) | Fineco | FXPrimus | |
|---|---|---|---|
| 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 | Fineco | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 140 | |
| Forex Pairs (Total) | 54 | 42 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| 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 | Fineco | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Fineco | FXPrimus | |
|---|---|---|---|
| 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 | Fineco Review |
| Overall | Fineco | FXPrimus | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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