Written by ForexBrokers.com
In this head to head comparison of IG 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.
IG and Fineco are both notable online brokers and banks, offering users a range of trading services. Established in 1974, IG has a long history and is publicly traded, similar to Fineco, which was founded in 1999. Both companies operate under strong regulatory frameworks. IG distinguishes itself with an impressive collection of eight Tier-1 licenses, showcasing a significantly higher level of trustworthiness according to ForexBrokers.com, compared to Fineco’s two Tier-1 licenses. Additionally, IG holds two Tier-2 licenses, while Fineco does not have any Tier-2 licenses.
When it comes to trust ratings, IG achieves a perfect score of 99 out of 99 on ForexBrokers.com, highlighting its strong reputation and regulatory compliance. Meanwhile, Fineco also enjoys a commendable trust rating of 94 out of 99. Both companies are publicly listed and provide a secure and reputable platform for online trading, supported by their status as banks. As broker firms, both IG and Fineco cater effectively to their clients, but IG’s higher number of regulatory licenses gives it an edge in regulatory trust factors.
| Feature |
IG
|
Fineco
|
|---|---|---|
| Year Founded | 1974 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 8 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing IG and Fineco regarding their commissions and fees, IG stands out as a strong contender for active traders with its Forex Direct accounts and the ability to handle large orders. IG offers multiple execution methods, including options beyond the standard market maker account. The spreads on its main Forex Direct account align with the industry average, with spreads averaging 0.62 during July 2023, resulting in an all-in cost of 0.82 when including a per-trade commission of 0.2 pips. Additionally, IG provides a competitive spread of 0.69 pips for CFD accounts during the main trading hours. Its attractive active trader rebate program offers discounts for volume traders, with a potential 20% rebate for trading over £300 million monthly. IG earns a 5-star rating and ranks 8th out of 63 brokers for its excellent fee structure.
Conversely, Fineco's fee offerings are less transparent, lacking published average spread data for forex and CFD trading, making it difficult to gauge its true trading costs. Fineco advertises a spread of 1 pip for the EUR/USD, which is higher than what most forex brokers commonly offer. While it lists a spread of 0.8 pips, these figures are not average values and lack corresponding date ranges. Fineco does, however, seem to provide lower spreads on its index CFDs. Fineco earns a 3.5-star rating and is ranked 51st out of 63 brokers in the Commissions and Fees category, indicating room for improvement in its fee structure.
Overall, IG offers a more competitive fee structure, making it a preferable choice for active and volume traders seeking better value from their trading costs, whereas Fineco needs to provide more comprehensive data to accurately assess its pricing within the market. These distinctions highlight the advantage IG holds over Fineco when considering broker fees, as reflected in their respective rankings and ratings.
| Feature |
IG
|
Fineco
|
|---|---|---|
| Minimum Deposit | £250.00 | $0 |
| Average Spread EUR/USD - Standard | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When comparing IG and Fineco for their range of investments, both online brokers offer diverse opportunities for traders, each with its own strengths. IG excels with a vast selection of 19,537 tradeable symbols, including an impressive 97 forex pairs, ensuring traders have ample choices. Meanwhile, Fineco provides access to 9,770 symbols and 54 forex pairs. Both brokers allow traders to invest in exchange-traded securities on U.S. and international exchanges, such as Apple and Vodafone shares. However, it's worth noting that IG offers more versatility with cryptocurrency investments, allowing the purchase of actual cryptocurrencies and their derivatives, whereas Fineco does not provide these options.
Despite this, Fineco still holds a strong position in the investment market with a 4.5-star rating for its range of investments. Yet, IG garners a top-tier 5-star rating, reflecting its more extensive offerings. In ForexBrokers.com’s ranking, IG stands out at #4 while Fineco holds a respectable #16 spot out of 63 brokers. Both platforms lack copy trading features, but IG's broader investment scope and variety of trading options give it an edge for those seeking a wide array of trading opportunities.
| Feature |
IG
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 9770 |
| Forex Pairs (Total) | 97 | 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) | 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). |
Dive deeper: Best Copy Trading Platforms.
When evaluating trading platforms and tools, IG stands out as a strong contender with a diverse array of features tailored to enhance the trading experience. IG offers users the advantage of a simulated, paper trading account, allowing beginners and experienced traders alike to practice and refine their strategies without financial risk. The broker also supports both web-based and Windows-based desktop platforms, catering to a wide range of preferences. A key highlight is IG's deployment of the widely acclaimed MetaTrader 4 platform, which adds a layer of flexibility and familiarity for traders accustomed to its functionalities. With 20 drawing tools available for charting and the capability to trade directly from stock charts, IG ensures a comprehensive experience that has earned it a stellar five-star rating for its trading platforms and tools.
In comparison, Fineco also delivers a commendable trading platform experience, though it trails slightly behind IG in some aspects. While Fineco does offer a proprietary platform, similar to IG, it does not provide a simulated trading account or the MetaTrader 4 option, which may be considerations for those new to the trading world. Like IG, Fineco supports both web-based and Windows-based platforms, ensuring accessibility for its users. Fineco's charting tools encompass a somewhat limited selection, with seven drawing tools at traders' disposal, and lack the feature to execute trades directly from charts. Despite these nuances, Fineco achieves a respectable four-star rating and ranks 18th out of 63 brokers in the Trading Platforms and Tools category, highlighting its competitive place in the market.
| Feature |
IG
|
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) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 37 |
| Charting - Drawing Tools (Total) | 20 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 5 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to choosing a mobile trading app, both IG and Fineco offer apps for iPhone and Android users, making it convenient no matter which platform you prefer. Both apps also support stock and forex price alerts, ensuring you never miss a market movement. However, IG takes the lead with a more feature-rich mobile experience. IG allows users to sync watchlist symbols with their online accounts, a feature that Fineco lacks. IG also offers an impressive 33 technical studies compared to Fineco's 6, providing more tools for in-depth analysis. For those who like to draw trendlines and view multiple time frames on charts, IG's app supports these functions and even auto-saves your work, while Fineco does not.
Moreover, creating watchlists with real-time quotes is possible with IG, but not with Fineco. These differences contribute to IG being rated 5 out of 5 stars for its mobile trading apps, earning the top spot among 63 brokers according to ForexBrokers.com. Fineco, while still a solid choice, receives a 4-star rating, placing it at number 42 in the same ranking. Overall, for traders seeking a comprehensive mobile trading experience with more tools and features, IG stands out as the better choice.
| Feature |
IG
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 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 IG and Fineco for market research offerings, IG stands out with a wider array of resources. IG provides daily market commentary, keeping traders updated with the latest insights, whereas Fineco does not. Both brokers give access to forex news from top-tier sources, ensuring high-quality information flow. However, IG excels with integrated tools from Autochartist and Acuity Trading, enhancing research capabilities, which are not available with Fineco. Additionally, IG supports sentiment analysis tools, offering insights into market behavior that Fineco does not provide. Furthermore, IG includes market research from TipRanks, giving it an additional edge.
Both platforms offer an economic calendar to track global economic events, a crucial tool for informed trading. However, IG's comprehensive research tools contribute to its higher rating of 5 stars for research, with a commendable second place ranking out of 63 brokers according to ForexBrokers.com. Fineco, while still a strong contender with a 4-star rating, ranks 33rd among the same brokers. This comparison highlights IG as a superior choice for those prioritizing extensive market research and advanced analytical tools.
| Feature |
IG
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, IG and Fineco both provide valuable materials, though IG stands out as a more comprehensive choice. IG offers a wide array of materials, including over 10 articles, videos, and archived webinars focused on forex and CFDs. This marks a sharp contrast with Fineco, which does not reach this benchmark for forex or CFDs education. Both brokers do provide at least one online educational webinar each month, though only IG offers a searchable archive of these sessions, allowing you to revisit past workshops at your convenience.
IG excels in offering tailored educational content across different levels, with more than 10 educational videos specifically aimed at beginners as well as advanced traders. Fineco meets the mark for beginner videos but falls short for those at more advanced levels. Both brokers supply an investor dictionary with over 50 investing terms defined, aiding learning for newcomers. Rated the top broker for education by ForexBrokers.com out of 63 competitors, IG earns a five-star education rating, compared to Fineco's four stars and ranking of #49 in the same category. This highlights IG as the superior option for beginners looking for a strong educational foundation as they embark on their trading journey.
| Feature |
IG
|
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 IG is better than Fineco. IG finished with an overall rank of #1, while Fineco finished with an overall rank of #25.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
|
Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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While IG allows users to purchase both actual cryptocurrency and cryptocurrency derivatives, Fineco does not offer the ability to buy either actual cryptocurrencies or cryptocurrency derivatives.
IG and Fineco both support ACH or SEPA transfers and bank wires for deposits and withdrawals, but IG stands out by also accepting PayPal and Visa or Mastercard, whereas Fineco does not offer these 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 | IG | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | IG Review | Fineco Review |
| Broker Screenshots | IG | Fineco | |
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| Regulation | IG | Fineco | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1974 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 8 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | IG | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IG | 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 | IG | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 9770 | |
| Forex Pairs (Total) | 97 | 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) | 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 | IG | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | IG | Fineco | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | IG | Fineco | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 5 | N/A | |
| Charting - Indicators / Studies (Total) | 33 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | 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 | 33 | 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 | IG | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | 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 | IG | 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 | IG Review | Fineco Review |
| Overall | IG | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | IG Review | Fineco Review |
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