Written by ForexBrokers.com
In this head to head comparison of Fineco vs Xtrade, 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 considering online brokers, Fineco and Xtrade highlight clear differences in trust and regulatory standing. Founded in 1999, Fineco is not only a publicly traded company but also operates as a bank, which adds to its credibility. It holds two Tier-1 licenses and has a Trust Score of 94 out of 99 from ForexBrokers.com, indicating a high level of trustworthiness.
Meanwhile, Xtrade, established in 2003, is not publicly traded and doesn't function as a bank. With one Tier-1 license and an additional Tier-2 license, Xtrade secures a Trust Score of 74, implying an average risk assessment. These factors make Fineco generally more trusted in the financial landscape, especially for those prioritizing security and regulatory strength in their trading platform.
| Feature |
Fineco
|
Xtrade
|
|---|---|---|
| Year Founded | 1999 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of Fineco and Xtrade, it's essential to consider their approaches to spreads. Fineco does not provide average spread data for forex and CFD trading, making it tricky to fully gauge the true costs of trading. They list certain spreads, such as 1 pip for EUR/USD, which, if considered average, would be higher than what most forex brokers offer. They also mention a spread of 0.8 pips, but neither comes with specified averages or date ranges. Despite this, Fineco seems to present more competitive spreads on index CFDs.
On the other hand, Xtrade also lacks publicly available average spread data, leaving potential traders with little information on trading expenses. This absence of transparency makes it challenging to compare Xtrade's fees directly with those of other brokers or even to Fineco’s coarse offerings.
When evaluated by ForexBrokers.com, Fineco received a rating of 3.5 out of 5 stars in the Commissions and Fees category, positioning it at rank #51 out of 63 brokers. Xtrade, with a rating of 2.5 stars, ranks even lower at #63. This ranking suggests that while both brokers have areas for improvement in their fee structures, Fineco offers slightly more competitive options compared to Xtrade.
| Feature |
Fineco
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When comparing the range of investments between Fineco and Xtrade, there are notable differences to consider. Fineco boasts an extensive selection with 9,770 tradeable symbols compared to Xtrade's 482. Both brokers offer forex trading as CFDs, with Fineco providing 54 forex pairs and Xtrade offering slightly more at 56. Importantly, Fineco stands out by allowing clients to purchase exchange-traded securities on both U.S. and international exchanges, giving investors the option to buy stocks like Apple or Vodafone directly. In contrast, Xtrade does not offer this ability, limiting its clients to CFD trading options only.
Despite both platforms lacking in options for actual cryptocurrency purchases, Xtrade offers trading in cryptocurrency derivatives, whereas Fineco does not. These aspects contribute to Fineco's higher rating and ranking for its range of investments, earning 4.5 stars and a position at 16th place out of 63 brokers on ForexBrokers.com. Xtrade, with its limited offerings, is rated 3.5 stars and ranks at 49th in the same category, highlighting a more restricted investment platform overall.
| Feature |
Fineco
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 482 |
| Forex Pairs (Total) | 54 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| 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). |
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Fineco and Xtrade each offer unique trading experiences tailored to different user needs, but they contrast significantly in their platform offerings. Fineco boasts impressive charting capabilities with a proprietary platform available for Windows-based desktop and web browsing. While it does not offer simulated trading or demo accounts, its technical infrastructure is solid, earning it a high rank of #18 out of 63 brokers by ForexBrokers.com. One limitation is its lack of compatibility with widely-known platforms like MetaTrader 4 and MetaTrader 5. Customers who prize detailed chart analysis will appreciate Fineco’s seven drawing tools, though it lacks the feature to trade directly from stock charts.
Xtrade, in comparison, also provides a proprietary web-based platform but lacks downloadable desktop software. However, Xtrade makes up for this with a free virtual demo account, presenting a risk-free environment for beginners. Despite not supporting advanced tools like MetaTrader or offering copy trading, Xtrade shines with an extensive selection of 100 drawing tools, allowing for comprehensive charting analysis. Traders can also enjoy the convenience of trading directly from stock charts. Although Xtrade is ranked #58 in the Trading Platforms and Tools category on ForexBrokers.com, which speaks to its areas needing improvement, it remains a serviceable option for those prioritizing web accessibility and charting features.
| Feature |
Fineco
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| 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) | 37 | N/A |
| Charting - Drawing Tools (Total) | 7 | 100 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 9 |
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Fineco and Xtrade both offer mobile apps for iPhone and Android users, allowing traders to carry their trading activities on the go. Fineco’s mobile app offers the added advantage of stock and forex price alerts, a feature not available with Xtrade. While neither app provides watchlist symbol syncing or the ability to draw trendlines, Fineco allows viewing multiple time frames on charts, unlike Xtrade. For technical analysis enthusiasts, Fineco offers six technical studies in its charting tools, but it's important to note that neither app auto-saves chart drawings or includes real-time quotes for watchlists.
When it comes to user ratings, both Fineco and Xtrade's mobile trading apps are rated 4 stars out of 5. However, Fineco holds a slightly higher position in the Mobile Trading Apps category, ranking #42 out of 63 brokers, while Xtrade ranks #53 according to ForexBrokers.com. This suggests that Fineco’s app offers a slight edge in user satisfaction and performance, even though both apps share some limitations. Users seeking robust charting tools and watchlist features might need to explore other options, but for basic mobile trading needs, either app could be suitable depending on individual priorities.
| Feature |
Fineco
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | N/A |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | No |
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When comparing Fineco and Xtrade in terms of market research, both platforms cater to traders with specific needs. Fineco shines by providing forex news updates from reputable sources like Bloomberg and Reuters, ensuring traders stay informed with reliable information. However, it falls short on offering daily market commentary which Xtrade provides, giving its users an edge with daily insights. Both brokers include an economic calendar to help users keep track of important global events, assisting in better decision-making.
Neither Fineco nor Xtrade offers tools from Autochartist, Trading Central, or sentiment-based trading features, which may be a consideration for traders relying on technical analysis. Similarly, both brokers lack market research support from TipRanks and Acuity Trading. Despite these limitations, Fineco ranks higher at #33 in ForexBrokers.com's research category with a rating of 4.0 stars, while Xtrade follows at #52 with a 3.5-star rating. This suggests Fineco might be a slightly better option for those prioritizing comprehensive research support.
| Feature |
Fineco
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
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When it comes to educational resources for beginners, Fineco and Xtrade each have their unique strengths. If you're new to forex or CFD trading and prefer a structured learning path, Xtrade might be your pick. They offer more than 10 educational pieces focusing on these topics, which can help you grasp the basics efficiently. However, if you prefer live learning sessions, Fineco could be more appealing, as they host monthly webinars for clients. Both brokers lack a searchable archive of these webinars, making it harder to revisit or catch up on missed sessions.
In terms of video resources for beginners, Fineco excels by providing over 10 beginner-focused trading videos. While Xtrade doesn't match up in this feature, both brokers do offer an investor dictionary with definitions of over 50 investing terms, which can aid your understanding of industry jargon. Fineco scores slightly higher in education with a 4.0-star rating compared to Xtrade's 3.5 stars; however, Xtrade is ranked higher than Fineco by ForexBrokers.com for education. Ultimately, your choice between Fineco and Xtrade might depend on the format and focus of educational content you prefer as a beginner.
| Feature |
Fineco
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| 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 | Yes |
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 Xtrade. Fineco finished with an overall rank of #25, while Xtrade finished with an overall rank of #60.
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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Xtrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 74 |
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When comparing Fineco and Xtrade, neither broker offers the ability to buy actual delivered cryptocurrency, but while Fineco does not provide an option to buy cryptocurrency derivatives, Xtrade offers cryptocurrency derivatives (not the actual cryptocurrency).
Fineco allows account deposits and withdrawals via ACH, SEPA, and bank wires, whereas Xtrade supports Visa, Mastercard, Skrill, and bank wires but not ACH or SEPA, providing a range of options tailored to different user preferences.
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 | Xtrade | |
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| Trust Score | 94 | 74 | |
| Winner | check_circle | ||
| Review | Fineco Review | Xtrade Review |
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| Regulation | Fineco | Xtrade | |
|---|---|---|---|
| Trust Score | 94 | 74 | |
| Year Founded | 1999 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 482 | |
| Forex Pairs (Total) | 54 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| 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 | Fineco | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | No | |
| Watchlists - Total Fields | N/A | 9 | |
| Charting - Indicators / Studies (Total) | 37 | N/A | |
| Charting - Drawing Tools (Total) | 7 | 100 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Fineco | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | No | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | N/A | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Fineco | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| 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 | Yes |
| Major Forex Pairs | Fineco | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | Fineco | Xtrade | |
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| Trust Score | 94 | 74 | |
| Winner | check_circle | ||
| Review | Fineco Review | Xtrade Review |
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