Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
When comparing XM Group and Fineco, several aspects stand out regarding their regulatory credentials and trust levels. Founded in 2009, XM Group is not a publicly traded company and does not operate as a bank. However, it holds an impressive four Tier-1 licenses and one Tier-2 license, reflecting its broad regulatory recognition. With a Trust Score of 88 on ForexBrokers.com, XM Group is classified as a trusted online broker.
In contrast, Fineco was established in 1999 and is both a publicly traded company and a bank. This Italian institution boasts two Tier-1 licenses, securing its position as a highly trusted entity in the financial industry. With a noteworthy Trust Score of 94, Fineco is considered to be more trustworthy than XM Group according to ForexBrokers.com. The distinction in their licensing and trust scores highlights the varying degrees of confidence users can place in these two brokers.
| Feature |
XM Group
|
Fineco
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing XM Group to Fineco in terms of commissions and fees, both brokers have distinct strengths and shortcomings. XM Group is rated 4 out of 5 stars for its pricing structure, ranking #33 out of 63 brokers by ForexBrokers.com. Although XM Group’s standard account spreads are considered expensive, it lacks transparency as it does not publish average spreads for its commission-based XM Zero account. This absence of detailed spread information may pose a challenge for traders looking to fully understand potential trading costs.
Conversely, Fineco earns a 3.5-star rating for its commissions and fees, coming in at #51 in the rankings by ForexBrokers.com. Similar to XM Group, Fineco does not share average spread data for its forex and CFD trading, which can make evaluating its true trading costs difficult. Typically, Fineco presents a spread of 1 pip for EUR/USD, which is higher than spreads offered by many other forex brokers. Another listed spread is 0.8 pips, but neither figure is confirmed as an average, nor is there a provided date range for these spreads.
While both XM Group and Fineco have room for improvement in fee transparency, traders may find XM Group’s slightly higher rating and ranking more appealing. However, Fineco could be more attractive for those interested in index CFDs, where it seems to offer relatively lower spreads. It’s essential for potential clients to thoroughly evaluate both brokers to determine which aligns better with their trading goals and strategies.
| Feature |
XM Group
|
Fineco
|
|---|---|---|
| Minimum Deposit | $5 | $0 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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XM Group and Fineco both offer a solid suite of investment options, with each catering to a variety of trading styles. XM Group provides 1,394 tradeable symbols, including 55 forex pairs, whereas Fineco offers a more extensive selection with 9,770 symbols and 54 forex pairs. Both platforms permit trading on U.S. and international stock exchanges, allowing users to invest in companies like Apple and Vodafone. Additionally, XM Group supports copy trading but neither broker offers the purchase of actual cryptocurrencies, though XM Group allows trading in cryptocurrency derivatives.
Although both brokers share a 4.5-star rating for their range of investments, their rankings by ForexBrokers.com differ slightly—Fineco holds the 16th spot, whereas XM Group is positioned at 24th out of 63 brokers. This comparison suggests that while Fineco may offer a greater number of instruments, XM Group provides unique advantages like copy trading and cryptocurrency derivatives. When choosing between them, it ultimately depends on your specific trading preferences and which features are most beneficial to your investment strategy.
| Feature |
XM Group
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 9770 |
| Forex Pairs (Total) | 55 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | 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 XM Group and Fineco in terms of their trading platforms and tools, both brokers offer solid choices for traders, but there are key differences. XM Group shines with a comprehensive suite of platforms, including MetaTrader 4 and MetaTrader 5, enabling both beginner and advanced trading strategies. It also provides a free virtual demo account for users to practice risk-free trading. Although it lacks a proprietary platform, it offers a comprehensive Windows-based desktop platform, as well as web-based trading, similar to Fineco. Moreover, XM Group includes the option for copy trading, which Fineco does not. Chart enthusiasts will appreciate XM's 15 drawing tools and the ability to trade directly from stock charts, which enhances trading efficiency.
On the other hand, Fineco stands out with its proprietary platform, which has contributed to its higher ranking for Trading Platforms and Tools according to ForexBrokers.com. Fineco maintains a solid presence with both web-based and Windows-compatible desktop platforms, although it does not support MetaTrader 4 or 5. The platform provides a limited number of drawing tools and lacks the capability for trading directly from stock charts, unlike XM Group. Furthermore, unlike XM Group, Fineco does not offer a free virtual demo account, leaving traders without a risk-free environment to test their strategies. However, despite these differences, both brokers are evenly rated with four stars for their trading platforms and tools, which reflects their strong offerings in the market.
| Feature |
XM Group
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | 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) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XM Group and Fineco provide iPhone and Android apps for traders looking for flexibility on the go. Each broker offers stock and forex price alerts, catering to investors who need timely updates. However, when it comes to syncing watchlist symbols between mobile devices and online accounts, XM Group stands out by offering this feature, while Fineco does not. XM Group also impresses with 30 technical studies available for charting in its app, compared to Fineco’s more modest offering of six, giving XM Group an edge for traders relying on in-depth analysis.
XM Group allows users to draw trendlines on charts, a capability not offered by Fineco. Both brokers support viewing different time frames within charts, such as daily, weekly, or intraday. While neither app saves drawings automatically, XM Group provides the chance to create watchlists with real-time quotes, a feature Fineco lacks. Despite these differences, both brokers receive a four-star rating for their mobile apps. Yet, XM Group ranks higher in the ForexBrokers.com list, positioned at #29, while Fineco is at #42, highlighting XM Group’s slightly better overall appeal for mobile trading.
| Feature |
XM Group
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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 XM Group to Fineco, several key features stand out. XM Group provides daily market commentary, enhancing traders' insights into market dynamics, a service Fineco does not offer. Both XM Group and Fineco source forex news from prestigious outlets like Bloomberg and Reuters, ensuring traders stay informed with high-quality information. However, XM Group surpasses Fineco with the inclusion of research tools from Trading Central, offering tools such as Technical Analytics, and a sentiment-based trading tool that displays the ratio of long or short positions across various instruments. These added features provide XM Group users with a richer resource for informed trading decisions.
While both brokers offer an economic calendar to keep traders updated on global news events, XM Group consistently maintains a higher research standard. This is reflected in its perfect 5-star rating for Research, as opposed to Fineco’s 4-star rating. Additionally, XM Group’s market research capabilities are ranked #8 out of 63 brokers by ForexBrokers.com, significantly ahead of Fineco's position at #33. This demonstrates XM Group's strong market research offering, which far exceeds that of Fineco, making it a more competitive choice for traders in search of comprehensive market insights.
| Feature |
XM Group
|
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 | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering brokers for educational resources tailored to beginners, XM Group stands out compared to Fineco. XM Group provides a wide array of educational tools, offering more than 10 pieces focused on forex or CFDs. They also host monthly online webinars, with access to an archive of past webinars for easy revisiting. Additionally, XM Group caters to both new and experienced traders with over 10 beginner-specific educational videos and just as many advanced videos. While XM Group doesn't provide an investor dictionary, their comprehensive offerings earned them a 5-star rating in education and a #7 ranking out of 63 brokers.
On the other hand, Fineco meets the mark with a monthly webinar series and offers more than 10 educational videos for beginners, but it falls short in other areas. They lack the extensive collection of forex or CFDs educational content found at XM Group and do not provide a recorded webinars archive for users wanting to catch up. While Fineco does offer an investor dictionary with over 50 investing terms, its educational resources and offerings have resulted in a slightly lower 4.0-star education rating and a #49 ranking out of 63 brokers. For those just starting in trading and seeking a wealth of educational support, XM Group appears to be the more comprehensive choice.
| Feature |
XM Group
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than Fineco. XM Group finished with an overall rank of #17, while Fineco finished with an overall rank of #25.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 94 |
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When comparing XM Group to Fineco regarding cryptocurrency trading options, XM Group allows users to trade cryptocurrency derivatives, whereas Fineco does not offer this capability and neither platform provides the option to buy actual (delivered) cryptocurrency.
While XM Group supports Skrill, Visa, Mastercard, and bank wire transactions for deposits and withdrawals, Fineco offers ACH, SEPA, and bank wire options, but does not support Skrill or card transactions, with neither broker offering PayPal services.
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 | XM Group | Fineco | |
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| Trust Score | 88 | 94 | |
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| Review | XM Group Review | Fineco Review |
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| Regulation | XM Group | Fineco | |
|---|---|---|---|
| Trust Score | 88 | 94 | |
| Year Founded | 2009 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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) | No | Yes | |
| 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) | XM Group | 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) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 9770 | |
| Forex Pairs (Total) | 55 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | 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 | XM Group | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | XM Group | Fineco | |
|---|---|---|---|
| Minimum Deposit | $5 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XM Group | Fineco | |
|---|---|---|---|
| Proprietary Platform | No | 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 | XM Group | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | 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 | 30 | 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 | XM Group | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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) | No | Yes |
| Major Forex Pairs | XM Group | 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 | XM Group Review | Fineco Review |
| Overall | XM Group | Fineco | |
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| Trust Score | 88 | 94 | |
| Winner | check_circle | ||
| Review | XM Group Review | Fineco Review |
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