Written by ForexBrokers.com
In this head to head comparison of Fineco vs RoboForex, 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 and RoboForex are two popular online brokers, each offering unique advantages and regulatory standings. Founded in 1999, Fineco is a publicly traded bank with a strong reputation in the financial sector. It holds two Tier-1 licenses, which are considered highly trustworthy by ForexBrokers.com. With a Trust Score rating of 94 out of 99, Fineco is regarded as a highly trusted broker, providing peace of mind for its users.
In contrast, RoboForex was established in 2009 and is not listed on a stock exchange, nor is it a bank. It holds one Tier-1 license, highlighting a commendable level of trust. However, with a Trust Score of 73, RoboForex is categorized under average risk according to ForexBrokers.com. This distinction in regulatory standing and trust ratings might appeal to different types of investors, depending on their individual needs and risk tolerance.
| Feature |
Fineco
|
RoboForex
|
|---|---|---|
| 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 | 2 |
When examining the commissions and fees of Fineco and RoboForex, it becomes clear that both brokers have their own strengths and drawbacks. Fineco, although not transparent about their average spread data, lists a spread of 1 pip for the EUR/USD pair, which is on the higher side compared to typical forex brokers. Another option from Fineco is a spread of 0.8 pips; however, these figures are not averages and lack a specified date range, which leaves some uncertainty around their pricing consistency. Notably, Fineco seems to provide lower spreads on its index CFDs.
In contrast, RoboForex offers average spreads of 1.3 pips for the EUR/USD on its Procent and Pro accounts, which are relatively high. This makes its offering less competitive in terms of costs for traders focusing on that currency pair. Both brokers have room for improvement in terms of fee competitiveness, especially compared to other industry players.
In terms of ratings, both Fineco and RoboForex have been awarded 3.5 out of 5 stars for their commissions and fees. Their rankings reflect similar standings, with Fineco positioned at number 51 and RoboForex at number 55 out of 63 brokers, according to ForexBrokers.com. These rankings highlight that while both brokers have comparable ratings, there are more cost-effective options available in the market.
| Feature |
Fineco
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When evaluating investment options between Fineco and RoboForex, their offerings and capabilities present distinct choices for traders. Fineco features an impressive assortment of 9,770 tradeable symbols, surpassing RoboForex's collection of 8,400. For forex enthusiasts, Fineco offers a broader array with 54 tradeable forex pairs, whereas RoboForex provides 28 options. Both platforms facilitate forex trading as CFDs or spot contracts, giving traders flexibility in their strategies. A significant difference lies in their securities offerings — Fineco empowers investors with access to U.S. and international exchange-traded securities, allowing clients to directly purchase shares like Apple or Vodafone. In contrast, RoboForex doesn't provide this capability, focusing on CFDs instead.
On the other hand, RoboForex distinguishes itself with its provision for copy trading and the ability to trade cryptocurrency derivatives, features absent in Fineco's services. While neither platform offers the purchase of actual cryptocurrencies, these derivatives offer an alternative means of exposure to crypto markets. Both brokers share a commendable rating of 4.5 stars for the range of investments, though Fineco ranks slightly higher at #16 compared to RoboForex's #21 in ForexBrokers.com's ranking. This detailed comparison aids potential investors in determining which broker aligns best with their trading needs and preferences, offering the best fit for diversified investment portfolios.
| Feature |
Fineco
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 8400 |
| Forex Pairs (Total) | 54 | 28 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms of Fineco and RoboForex, each presents distinct offerings for traders. Fineco features a proprietary platform developed in-house, providing a unique interface for its users. This platform is available both as a Windows-based desktop download and a web-based application, making it versatile for different trading preferences. However, Fineco lacks certain features such as a free virtual demo account and copy trading options. While it doesn’t offer popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), Fineco provides 7 drawing tools for charting, although it doesn’t support direct trading from stock charts.
RoboForex, on the other hand, does not have an in-house developed platform but widely supports popular platforms such as MT4 and MT5, giving traders access to familiar and reliable options. It excels with features like a free virtual demo account and copy trading capabilities. This broker also offers a robust web-based platform and a Windows-based desktop application. RoboForex stands out with its 15 charting drawing tools and the ability to trade directly from stock charts. Furthermore, it provides well-structured watchlists with 7 columns. Despite both brokers being rated 4 stars for their trading platforms and tools, Fineco is ranked higher by ForexBrokers.com at 18th, while RoboForex positions at 43rd, indicating a nuanced advantage for Fineco in this category.
| Feature |
Fineco
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| 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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Fineco and RoboForex both offer mobile trading apps for iPhone and Android users, providing flexibility for traders on the go. Each app delivers essential features like price alerts and the capability to view various time frames on charts, supporting informed trading decisions. However, RoboForex stands out in several areas: it supports drawing trendlines on charts and automatically saves these drawings. Additionally, RoboForex allows users to create a watchlist that updates with real-time quotes, enhancing the user experience by keeping traders in step with market changes.
In terms of technical studies available, RoboForex provides a comprehensive range with 30 studies, surpassing Fineco's offering of just six. Despite these differences, both apps receive a commendable rating of 4 stars. Interestingly, while Fineco ranks slightly higher at #42 compared to RoboForex's #43 by ForexBrokers.com in the Mobile Trading Apps category, traders might still find RoboForex's charting tools and watchlist functionalities more appealing for a dynamic trading experience.
| Feature |
Fineco
|
RoboForex
|
|---|---|---|
| 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 RoboForex for market research tools, both platforms provide forex news from reputable sources like Bloomberg and Reuters. However, RoboForex shines by offering daily market commentary, a feature not available with Fineco. Additionally, RoboForex stands out by featuring research tools from Trading Central and Acuity Trading, enhancing its analytical offerings. In contrast, Fineco does not provide these specific tools, but it does have a well-regarded economic calendar, similar to what RoboForex offers.
Despite RoboForex's diverse toolset, Fineco is rated slightly higher with a 4.0-star rating for research compared to RoboForex’s 3.5 stars. This may be attributed to Fineco's stronger emphasis on forex news and comprehensive economic calendar. In terms of overall ranking by ForexBrokers.com for research, Fineco holds the 33rd position out of 63 brokers, while RoboForex is slightly behind at 37th. This reflects a marginal edge for Fineco in the competitive landscape of online brokerage research offerings.
| Feature |
Fineco
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Fineco offers some advantages over RoboForex. Fineco provides online educational webinars each month, making it easier for new traders to continually learn and engage with expert insights. Additionally, Fineco supports its clients with at least 10 beginner-focused educational videos designed to simplify trading concepts, making it a valuable resource for those stepping into trading for the first time. Moreover, Fineco includes an investor dictionary with over 50 investment terms, which can greatly benefit newcomers keen on understanding the nuances of trading terminology.
In contrast, RoboForex lacks monthly webinars and comprehensive beginner video content, which may result in a less immersive learning experience for novice traders. However, both brokers neither provide a searchable archive of past webinars nor deliver extensive advanced educational videos for more experienced traders. Overall, Fineco holds a slight edge with a 4.0-star education rating compared to RoboForex's 3.5 stars, reflecting the more rounded beginner-friendly resources available. Among 63 brokers analyzed by ForexBrokers.com, Fineco is ranked 49th, while RoboForex positions at 56th in the Education category.
| Feature |
Fineco
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| 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 RoboForex. Fineco finished with an overall rank of #25, while RoboForex finished with an overall rank of #46.
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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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 73 |
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While Fineco does not provide the option to purchase actual or derivative cryptocurrencies, RoboForex offers the ability to trade in cryptocurrency derivatives, distinguishing itself as a platform catering to those interested in cryptocurrency derivatives.
Fineco and RoboForex both support ACH or SEPA transfers and bank wires for funding transactions, but differ significantly in other options; RoboForex offers additional flexibility with PayPal, Skrill, and Visa or Mastercard deposits and withdrawals, whereas Fineco does not support these methods.
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 | RoboForex | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | Fineco Review | RoboForex Review |
| Broker Screenshots | Fineco | RoboForex | |
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| Regulation | Fineco | RoboForex | |
|---|---|---|---|
| Trust Score | 94 | 73 | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | Fineco | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 8400 | |
| Forex Pairs (Total) | 54 | 28 | |
| 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Fineco | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Fineco | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | Fineco | RoboForex | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | Fineco Review | RoboForex Review |
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