Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers vs Fineco, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Interactive Brokers and Fineco are both reputable players in the online brokerage market, but they cater to different needs. Established in 1977, Interactive Brokers has a long-standing presence and is publicly listed, offering a Trust Score of 99 out of 99. It holds an impressive nine Tier-1 licenses, which are the highest standard of regulatory approval, and two Tier-2 licenses. While Interactive Brokers is not a bank, its comprehensive regulatory compliance makes it a highly reliable choice for traders.
Founded in 1999, Fineco is both a bank and a publicly traded company, boasting a strong Trust Score of 94 out of 99. It holds two Tier-1 licenses, which indicates a high level of trust, but lacks Tier-2 licenses. As a banking institution, Fineco provides an integrated approach to financial services, making it appealing for users looking for combined banking and trading options. Both brokers are highly trusted, yet distinct in their regulatory frameworks and service offerings, allowing investors to choose based on their specific trading and banking needs.
| Feature |
Interactive Brokers
|
Fineco
|
|---|---|---|
| Year Founded | 1977 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 9 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing Interactive Brokers and Fineco, the former stands out for its competitive pricing structure, particularly in forex trading. Interactive Brokers offers a commission-based model where forex trades can incur as low as 0.08 basis points for highly active traders. This translates to a low commission rate with an effective all-in spread of 0.59 pips for the EUR/USD pair. With a minimum commission of $2 per order, it's advisable for traders to deal in 100,000 units or more to maximize cost efficiency. Interactive Brokers is notable for aggregating prices from numerous interbank forex dealers, charging between $16 to $40 per million round turn, typically benefiting active traders. Because of its favorable fee structure, Interactive Brokers has earned a 5-star rating and ranks 2nd among 63 brokers in the Commissions and Fees category, according to ForexBrokers.com.
On the other hand, Fineco's fee structure appears less transparent due to the lack of published average spread data, which makes it challenging to clearly assess forex trading costs. The spread for the EUR/USD pair is listed at 1 pip, which is higher than many competitors, though Fineco also mentions a spread of 0.8 pips without specifying if this is an average value. While Fineco may offer lower spreads on index CFDs, the lack of detailed information places traders at a disadvantage when forecasting trading costs. As a result, Fineco is rated 3.5 stars and ranked 51st out of 63 brokers for its commissions and fees by ForexBrokers.com.
| Feature |
Interactive Brokers
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.59 | N/A |
| All-in Cost EUR/USD - Active | 0.59 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When comparing Interactive Brokers and Fineco for their range of investments, both platforms provide a wide array of options for traders, yet there are distinct differences that cater to various preferences. Interactive Brokers offers a commendable selection of 8,500 tradeable symbols, slightly fewer than Fineco's 9,770. However, for those interested in forex trading, Interactive Brokers stands out with 90 tradeable forex pairs compared to Fineco's 54. Both brokers allow for forex trading through CFDs or spot contracts, which offers flexibility to traders. Those interested in diversifying their portfolios with exchange-traded securities will find both brokers provide access to both U.S. and international exchanges, enabling clients to purchase popular stocks like Apple and Vodafone.
Cryptocurrency enthusiasts will find Interactive Brokers particularly appealing as it enables the purchase of actual cryptocurrencies, along with cryptocurrency derivatives, unlike Fineco which does not offer these options. Neither broker provides copy trading services, which might be a downside for some investors seeking social trading features. When it comes to ratings and rankings, Interactive Brokers takes a lead, earning 5 stars for its range of investments and ranking #1 out of 63 brokers according to ForexBrokers.com, while Fineco receives a respectable 4.5 stars, securing the #16 spot. Overall, Interactive Brokers appears to have a slight edge in terms of investment variety, especially for clients interested in forex and cryptocurrency markets.
| Feature |
Interactive Brokers
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 9770 |
| Forex Pairs (Total) | 90 | 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). |
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Interactive Brokers and Fineco offer traders distinct experiences when it comes to trading platforms and tools. Interactive Brokers leads with its offer of simulated trading via a free virtual demo account, which Fineco does not provide. Both brokers have developed their proprietary trading platforms, which can be accessed through Windows-based desktop downloads as well as web-based interfaces. However, neither Interactive Brokers nor Fineco supports popular platforms like MetaTrader 4 or MetaTrader 5 and they do not offer copy trading options or integration with DupliTrade or ZuluTrade.
For personalization and advanced trading, Interactive Brokers excels with 85 drawing tools available for charting compared to Fineco's 7. Moreover, Interactive Brokers allows users to trade directly from stock charts and provides an impressive 659 watch list columns. Rating-wise, Interactive Brokers stands tall with a perfect 5-star rating for its platforms, securing the #3 spot among 63 brokers as per ForexBrokers.com. On the other hand, Fineco, rated at 4 stars, holds the #18 rank, reflecting its competitiveness but also room for improvement in comparison to Interactive Brokers.
| Feature |
Interactive Brokers
|
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) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 155 | 37 |
| Charting - Drawing Tools (Total) | 85 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 659 | N/A |
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Interactive Brokers and Fineco both provide mobile trading applications for iPhone and Android users, enabling convenient trading on the go. Both apps offer stock and forex price alerts, ensuring you stay informed about market movements. Interactive Brokers further excels with the ability to sync watchlist symbols between the mobile app and your online account, a feature not available with Fineco. Additionally, those interested in technical analysis will appreciate Interactive Brokers' robust offering of 97 technical studies for charting, compared to Fineco's 6. Interactive Brokers also supports trendline drawing on charts, a capability absent from Fineco's app.
Both platforms allow viewing multiple time frames on stock or forex charts, but neither app auto-saves chart drawings. When it comes to real-time updates, Interactive Brokers stands out by allowing the creation of watchlists with real-time quotes, whereas Fineco lacks this feature. In terms of overall user satisfaction, Interactive Brokers boasts a perfect 5-star rating for its mobile app and is ranked 4th out of 63 brokers by ForexBrokers.com. In contrast, Fineco holds a 4-star rating and is positioned at the 42nd spot, highlighting Interactive Brokers as a more favored choice among mobile trading apps.
| Feature |
Interactive Brokers
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 97 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Interactive Brokers and Fineco, several distinctions emerge. Interactive Brokers stands out by providing daily market commentary, while Fineco does not. Both platforms offer forex news sourced from recognized authorities like Bloomberg, Reuters, and Dow Jones. However, Interactive Brokers takes the lead with additional research tools from Trading Central, a sentiment-based trading tool, and resources from TipRanks and Acuity Trading, which Fineco lacks. Both brokers provide an economic calendar to track global news events, ensuring access to timely information.
In terms of overall research quality, Interactive Brokers boasts a higher rating, earning five out of five stars compared to Fineco's four-star rating. According to ForexBrokers.com, this distinction translates into Interactive Brokers being ranked third out of 63 brokers for research capabilities, while Fineco holds the 33rd spot. This comparison highlights Interactive Brokers as a preferred choice for investors who prioritize comprehensive market research tools and commentary.
| Feature |
Interactive Brokers
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 comparing Interactive Brokers and Fineco in terms of educational resources for beginners, Interactive Brokers stands out with a comprehensive array of educational content tailored for forex and CFDs. Beginners have access to more than ten educational pieces covering these topics, including various formats such as articles and videos, while Fineco does not provide the same level of content. Both brokers offer regular online webinars, ensuring at least one educational session each month. However, only Interactive Brokers provides a searchable archive of past webinars, allowing users to revisit and learn at their own pace.
In terms of videos designed for beginners, both brokers offer a strong selection of at least ten videos each, addressing fundamental trading topics. However, Interactive Brokers excels by also offering advanced educational videos for more experienced traders, which Fineco lacks. Both platforms include an investor dictionary explaining over 50 investment terms, aiding in the understanding of trading concepts. Overall, Interactive Brokers earns a higher education rating of 5 stars and ranks #3 among 63 brokers for educational offerings, while Fineco has a 4.0-star rating and ranks #49 in the same category.
| Feature |
Interactive Brokers
|
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 Interactive Brokers is better than Fineco. Interactive Brokers finished with an overall rank of #2, while Fineco finished with an overall rank of #25.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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Interactive Brokers distinguishes itself by offering the ability to purchase both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas Fineco does not provide options for buying either actual cryptocurrencies or cryptocurrency derivatives.
Both Interactive Brokers and Fineco enable ACH and SEPA transfers for depositing and withdrawing account funds, while neither offers the option to use PayPal, Skrill, Visa, or Mastercard, although they both support bank wire transactions.
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 | Interactive Brokers | Fineco | |
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| Trust Score | 99 | 94 | |
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| Review | Interactive Brokers Review | Fineco Review |
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| Regulation | Interactive Brokers | Fineco | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1977 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 9 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Interactive Brokers | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Interactive Brokers | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8500 | 9770 | |
| Forex Pairs (Total) | 90 | 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 | Interactive Brokers | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.59 | N/A | |
| All-in Cost EUR/USD - Active | 0.59 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | No |
| Funding | Interactive Brokers | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Interactive Brokers | Fineco | |
|---|---|---|---|
| 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 | Interactive Brokers | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 659 | N/A | |
| Charting - Indicators / Studies (Total) | 155 | 37 | |
| Charting - Drawing Tools (Total) | 85 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | 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 | 97 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers Review | Fineco Review |
| Overall | Interactive Brokers | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | Fineco Review |
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