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Fineco Bank vs Vantage 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between Fineco Bank and Vantage? Weโ€™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.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Fineco Bank ranks more highly than Vantage.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall RatingFineco BankVantageFOREX.com
Overall Rating7.7 / 107.4 / 108.7 / 10
Account TypeFineco BankVantageFOREX.com
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)NoYesYes
Islamic AccountYesYesYes
Copy TradingFineco BankVantageFOREX.com
Social Trading / Copy TradingNoYesNo
DupliTradeNoYesNo
ZuluTradeNoYesNo
CryptocurrencyFineco BankVantageFOREX.com
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)NoYesYes
BitcoinNoYesYes
ethereumNoYesYes
Forex Trading (Spot or CFDs)Fineco BankVantageFOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)Fineco BankVantageFOREX.com
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsFineco BankVantageFOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoYesNo
Social Trading / Copy TradingNoYesNo
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsNoYesYes
ETFYesNoYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsFineco BankVantageFOREX.com
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoYesYes
Regulatory LicensesFineco BankVantageFOREX.com
Tier-1 Licenses124
ASIC Authorised (Australia)NoYesNo
IIROC Authorised (Canada)NoNoYes
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)NoNoYes
Tier-2 Licenses002
Tier-3 Licenses021
Research, EducationFineco BankVantageFOREX.com
Trading Central (Recognia)NoYesYes
Forex News (Top-Tier Sources)YesYesYes
Daily Market CommentaryNoYesYes
AutochartistNoNoNo
Investor Dictionary (Glossary)YesYesYes
Videos - Beginner Trading VideosYesNoYes
Client Webinars (Archived)YesNoNo
Trading CostsFineco BankVantageFOREX.com
Minimum Initial Deposit$0$50$100
Average Spread EUR/USD - StandardN/A1.22 (August 2021)1.0 (July 2022)
All-in Cost EUR/USD - ActiveN/A0.75 (August 2021)1.0 (July 2022)
Active Trader or VIP DiscountsNoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)NoYesYes
PayPal (Deposit/Withdraw)NoNoYes
Trading ToolsFineco BankVantageFOREX.com
Watchlists - Total Fields720
Mobile WatchlistNoYesYes
Charting - Indicators / Studies (Total)9030203
Mobile Charting - Indicators / StudiesN/A3088
Trust FactorsFineco BankVantageFOREX.com
Year Founded199920091999
Publicly Traded (Listed)YesNoYes
BankYesNoNo
Authorised in European UnionYesYesYes
Trust Score928399
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Fineco Bank vs Vantage Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Fineco Bank vs Vantage.

Can I trust Fineco Bank?

Fineco Bank has a trust score of 92, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Vantage?

Vantage has a trust score of 83, giving it a "Trusted" trust label.

Is Fineco Bank a good broker?

FinecoBank is a trusted brand catering to forex and CFD traders, and listed on the Italian Stock Exchange. Operating out of the U.K. and Italy, traders aren't permitted to open online accounts with Fineco unless they are a resident of the U.K. or Italy (or are applying as EU residents โ€“ at an actual Fineco branch office).

Is Vantage a good broker?

Vantage is a trusted brand that offers a growing range of markets along with support for the MetaTrader platform suite, social copy-trading platforms, full integration with TradingView, and a proprietary mobile app. That said, its educational content and market research materials can't compete with the best forex brokers.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Fineco Bank is FCA Authorised (U.K.), while Vantage is ASIC Authorised (Australia) and FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, unfortunately, neither Fineco Bank nor Vantage are CBRC Authorised (China), CySEC Authorised (Cyprus), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE)., neither have DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Fineco Bank is none, while Vantage is CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands) and FSC Authorised (Mauritius).

Which broker offers more trading platforms?

For trading platforms Fineco Bank supports a Proprietary Platform and Desktop Platform (Windows), whereas Vantage supports a Proprietary Platform, Desktop Platform (Windows), DupliTrade and ZuluTrade., neither have cTrader

Does Fineco Bank offer MetaTrader? Does Vantage offer MetaTrader?

For MetaTrader Fineco Bank provides neither of these, while Vantage provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Fineco Bank and Vantage differ in terms of minimum deposit? What about average spreads and funding options?

Fineco Bank requires a minimum deposit of $0, while Vantage requires a minimum deposit of $50. From our testing we found Fineco Bank offers spreads of N/A, while Vantage offers spreads of 1.22 (August 2021). Fineco Bank supports Bank Wire (Deposit/Withdraw) for popular funding options, where Vantage supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, Fineco Bank or Vantage?

Fineco Bank offers a more diverse selection of investment options than Vantage allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, Fineco Bank has 126, compared to 257 from Vantage.

Can I trade cryptocurrency with Fineco Bank or Vantage?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Fineco Bank nor Vantage allow you to trade physical cryptocurrencies.

Who offers more research tools, Fineco Bank or Vantage?

In terms of research and research tools Fineco Bank gives traders the following tools: Stock Charts and Forex News (Top-Tier Sources). In comparison Vantage has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading., neither have Autochartist

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