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Fineco Bank vs LegacyFX 2022

April 26, 2022
Last modified June 23, 2022

Fineco Bank is better than LegacyFX.

Trying to decide between Fineco Bank and LegacyFX? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

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Overall Rating expand_moreexpand_less Fineco Bank LegacyFX XTB
Overall Rating star 7.7 / 10 star 6.8 / 10 star 8.7 / 10
Account Type expand_moreexpand_less Fineco Bank LegacyFX XTB
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account No Yes Yes
Islamic Account Yes Yes Yes
Copy Trading expand_moreexpand_less Fineco Bank LegacyFX XTB
Social Trading / Copy Trading No Yes Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less Fineco Bank LegacyFX XTB
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) No Yes Yes
Bitcoin No Yes Yes
ethereum No Yes Yes
Forex Trading expand_moreexpand_less Fineco Bank LegacyFX XTB
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Fineco Bank LegacyFX XTB
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Fineco Bank LegacyFX XTB
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No No
Social Trading / Copy Trading No Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals No Yes Yes
ETF Yes No No
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Fineco Bank LegacyFX XTB
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes No Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) No No Yes
MetaTrader 5 (MT5) No Yes No
Regulatory Licenses expand_moreexpand_less Fineco Bank LegacyFX XTB
Tier-1 Licenses 1 1 1
ASIC Authorised (Australia) No No No
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No No
FINMA Authorised (Switzerland) No No No
CFTC Registered (USA) No No No
Tier-2 Licenses 0 1 3
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less Fineco Bank LegacyFX XTB
Trading Central (Recognia) No No No
Forex News (Top-Tier Sources) Yes No Yes
Daily Market Commentary No Yes Yes
Autochartist No Yes No
Investor Dictionary (Glossary) Yes Yes No
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less Fineco Bank LegacyFX XTB
Minimum Initial Deposit $0 $500 $0
Average Spread EUR/USD - Standard N/A 0 0.9 (Q3 2021)
All-in Cost EUR/USD - Active N/A 0 0.9 (Q3 2021)
Active Trader or VIP Discounts No Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) No Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less Fineco Bank LegacyFX XTB
Watchlists - Total Fields 7 8
Mobile Watchlist No Yes Yes
Charting - Indicators / Studies (Total) 90 30 39
Mobile Charting - Indicators / Studies N/A 30 39
Trust Factors expand_moreexpand_less Fineco Bank LegacyFX XTB
Year Founded 1999 2012 2002
Publicly Traded (Listed) Yes No Yes
Bank Yes No No
Authorised in European Union Yes Yes Yes
Trust Score 92 75 95
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