Written by ForexBrokers.com
In this head to head comparison of OANDA 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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OANDA, established in 1996, and Fineco, founded in 1999, are both reputable online brokers but differ significantly in certain aspects. OANDA operates privately and is not listed on a stock exchange, unlike Fineco, which is a publicly traded bank. This distinction plays a role in how each company governs itself and accesses capital markets. Despite not having the backing of a traditional banking structure, OANDA holds seven Tier-1 licenses, indicating a high level of trust. In contrast, Fineco holds two Tier-1 licenses, supporting its strong regulatory standing. Both brokers have been rated favorably, with ForexBrokers.com awarding OANDA a Trust Score of 93 and Fineco a slightly higher score of 94.
The trust scores reflect their credibility and regulatory compliance, with both falling within the "highly trusted" range according to ForexBrokers.com standards. While OANDA does not have any Tier-2 licenses, neither does Fineco, showing a focus on maintaining top-level regulatory approvals only. Whether trading with a private firm like OANDA or a bank like Fineco, both offer secure trading environments backed by their respective trust scores and regulatory standings. OANDA's substantial number of Tier-1 licenses showcases its broad regulatory reach, while Fineco, benefiting from being part of the banking sector, maintains its reputable standing in the financial market.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Year Founded | 1996 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of OANDA and Fineco, it's clear both brokers have different strengths. OANDA is known for its slightly higher forex trading costs, with effective spreads that are not as competitive as some of the best brokers in the market. However, OANDA shines in its automated execution across its offerings, providing traders with a user-friendly experience. Despite its higher costs, OANDA offers a core pricing option that can lower the total cost of trading compared to its default pricing, particularly when factoring in commission. OANDA also offers great flexibility with very small trade sizes and rewards for high-volume traders through its Elite Trader program. With a rating of 4 stars out of 5 for commissions and fees, OANDA ranks 34th out of 63 brokers on ForexBrokers.com.
Fineco, on the other hand, does not provide average spread data for forex and CFD trading, making it hard to fully gauge their trading costs. The broker lists a EUR/USD spread of 1 pip, which is on the higher side compared to typical offerings from other brokers. Although Fineco also lists a EUR/USD spread of 0.8 pips, the lack of average values and date ranges makes it challenging to trust this figure. However, Fineco seems to offer more competitive spreads on its index CFDs. With a 3.5-star rating for commissions and fees, Fineco is ranked 51st out of the same 63 brokers evaluated by ForexBrokers.com.
In summary, while OANDA may have higher trading costs compared to Fineco, its unique offerings potentially provide better overall value for certain traders, particularly those engaged in high trading volumes or those who appreciate finer trade size granularity. On the flip side, Fineco remains less transparent about its pricing but can be a viable option for traders looking to invest in index CFDs with potentially lower spreads.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | 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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OANDA and Fineco both provide opportunities for forex trading through CFDs or spot contracts, catering to those interested in currency markets. OANDA boasts a broad selection of 3,928 tradeable symbols, including 68 forex pairs, whereas Fineco offers an even more extensive array of 9,770 symbols, with 54 forex pairs. When it comes to diversification, Fineco allows clients to invest in exchange-traded securities on U.S. and international exchanges, such as purchasing shares of companies like Apple and Vodafone. In contrast, OANDA does not support buying these securities, focusing primarily on forex, cryptocurrencies, and CFDs.
Additionally, OANDA supports copy trading, a feature not available with Fineco, while also facilitating cryptocurrency transactions either as delivered assets or derivatives. Fineco, however, does not offer cryptocurrency trading, whether for actual coins or derivatives. Considering their range of investments, OANDA is rated 4 stars, securing the 27th position among 63 brokers, while Fineco receives a 4.5-star rating, placing it 16th, suggesting a slightly broader range of investment options for Fineco clients.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 9770 |
| Forex Pairs (Total) | 68 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing OANDA and Fineco, both brokers offer versatile trading platforms with proprietary and web-based options alongside Windows-based desktop downloads. A key difference lies in the availability of simulated trading; OANDA provides a free virtual demo account, allowing users to practice and refine their skills without financial risk, whereas Fineco does not have this feature. Furthermore, OANDA supports popular third-party platforms MetaTrader 4 and MetaTrader 5, whereas Fineco lacks support for these. In terms of charting capabilities, OANDA offers 431 drawing tools, a substantial advantage over Fineco's seven, allowing for greater flexibility in technical analysis. Additionally, OANDA allows for trades to be executed directly from stock charts, enhancing the trading experience with seamless order placement.
Both OANDA and Fineco receive an identical rating of four stars for their trading platforms and tools, indicating a solid performance in this area. However, OANDA's offerings such as copy trading set it apart, and contribute to its higher ranking of #15 by ForexBrokers.com out of 63 brokers for Trading Platforms and Tools, compared to Fineco's #18 ranking. While neither broker provides the DupliTrade or ZuluTrade services, OANDA edges ahead with its more comprehensive toolset, offering six fields for watch lists, ensuring traders have detailed tracking options at their disposal.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 37 |
| Charting - Drawing Tools (Total) | 431 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of OANDA and Fineco, both platforms offer apps for iPhone and Android devices with capabilities such as stock or forex price alerts. However, they diverge significantly in charting features and ease of use. OANDA provides users with a more comprehensive experience through its 30 technical studies available for charting, significantly outpacing Fineco's offering of just 6. Additionally, OANDA allows users to draw trendlines on charts and saves these drawings automatically, a feature Fineco's app lacks. Both apps offer the ability to view charts across multiple time frames, yet OANDA outshines with its ability to create watchlists with real-time quotes, a feature not supported by Fineco.
Despite these differences, neither platform currently supports watchlist symbol syncing between mobile and online accounts. Users looking for a highly rated mobile trading experience may lean towards OANDA, which is rated five stars and ranks 7th out of 63 brokers in ForexBrokers.com's list for mobile trading apps. In comparison, Fineco holds a solid but lesser rating of four stars and ranks 42nd. These distinctions make OANDA a more appealing choice for those seeking a feature-rich trading experience on the go.
| Feature |
OANDA
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 OANDA and Fineco for market research, several differences emerge that can impact traders. OANDA excels with its daily market commentary, providing timely insights that Fineco lacks. Both brokers offer forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to critical information. However, OANDA takes the lead with its technical analysis tools, leveraging services from Autochartist and offering sentiment-based trading tools that Fineco does not provide. Meanwhile, neither broker provides tools from Trading Central, TipRanks, or Acuity Trading.
Further enhancing its research capabilities, OANDA includes an economic calendar for tracking global news, a feature also present with Fineco. This array of features contributes to OANDA’s 5-star research rating, placing it fifth among 63 brokers as per ForexBrokers.com. In contrast, Fineco holds a 4-star rating, ranking 33rd in the same category. These distinctions make OANDA a stronger choice for traders prioritizing comprehensive market research tools and insights.
| Feature |
OANDA
|
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 | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing OANDA and Fineco for educational resources aimed at beginner traders, OANDA stands out by offering a more comprehensive suite. OANDA provides a wide array of educational materials, including over ten articles, videos, and archived webinars focused on forex and CFDs, catering well to traders looking to deepen their knowledge. They also host monthly online webinars, which are conveniently available in an archive for on-demand access. Their offerings include not only beginner-level educational videos but also advanced content designed for more experienced traders. Additionally, OANDA has an investor dictionary containing definitions of at least 50 investing terms, making it a valuable resource for those new to trading.
On the other hand, Fineco also offers educational webinars monthly, but lacks a searchable archive of these sessions for later viewing. While they match OANDA in providing beginner educational videos and a dictionary with over 50 investing terms, Fineco falls short by not providing the same depth of advanced educational videos. Moreover, Fineco misses out on offering a significant collection of educational articles or content specifically focused on forex or CFDs, which beginners often find beneficial. Overall, while Fineco provides a solid start, OANDA receives a higher education rating of five stars compared to Fineco's four stars, reflecting its more extensive educational provisions for beginners in trading.
| Feature |
OANDA
|
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 OANDA is better than Fineco. OANDA finished with an overall rank of #12, while Fineco finished with an overall rank of #25.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Fineco
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
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OANDA provides both actual cryptocurrency purchasing and cryptocurrency derivative options, while Fineco does not offer these services for either actual cryptocurrency or derivatives.
When comparing the online brokers OANDA and Fineco regarding deposit and withdrawal options, both provide ACH or SEPA transfers and bank wires, but OANDA uniquely offers additional flexibility with PayPal, Skrill, Visa, and Mastercard, unlike 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 | OANDA | Fineco | |
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| Trust Score | 93 | 94 | |
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| Review | OANDA Review | Fineco Review |
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| Regulation | OANDA | Fineco | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 1996 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | 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) | OANDA | 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 | OANDA | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 9770 | |
| Forex Pairs (Total) | 68 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | OANDA | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | OANDA | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | OANDA | Fineco | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 81 | 37 | |
| Charting - Drawing Tools (Total) | 431 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | OANDA | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | 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 | OANDA | 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 | OANDA Review | Fineco Review |
| Overall | OANDA | Fineco | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | OANDA Review | Fineco Review |
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