Compare Fineco Bank vs Oanda


Online brokers compared for fees, trading platforms, safety and more. See how Fineco Bank stacks up against Oanda!

Fineco Bank vs Oanda
overall rating
4.7
4.6
overall pros
  • Low trading and non-trading fees
  • Great mobile trading platform
  • Rock-solid background
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
overall cons
  • Only bank transfer for deposit
  • Limited educational tools
  • Poor charting tools
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
fees
3.7
  • Low stock, ETF, bond, and fund fees
  • Low CFD and futures fees
  • Low non-trading fees
  • High forex and options fees
  • High fees for CFD overnight positions
4.5
  • Low trading fees
  • Low forex fees
  • No withdrawal fee
  • No withdrawal fee in most cases
  • High withdrawal fee for bank transfers
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Bit slow account verification
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Issues with ID verification can slow account opening
deposit and withdrawal
3.3
  • No deposit fee
  • Several account base currencies
  • Free withdrawal in most cases
  • Credit/Debit card is not available for deposit
  • Missing electronic wallets
4.2
  • Credit/Debit card available
  • No deposit fee
  • Withdrawal is free for PayPal and for the first debit card transaction each month
  • High withdrawal fee for bank transfers
web trading platform
4.3
  • Good search function
  • Good variety of order types
  • Modern design
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
4.7
  • User-friendly
  • Good search function
  • Modern design
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
desktop trading platform
2.7
  • Good customizability (for charts, workspace)
  • Good search function
  • Not user-friendly
  • No clear fee report available
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No price alerts
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
1.5
  • Forex
  • CFD
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great screeners
  • Limited interactive charting
4.8
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
customer service
4.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
3.4
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
education
3.0
  • Educational videos
  • Webinars
  • No demo account
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
  • High level of investor protection
  • Banking background
  • Listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders and investors looking for low fees and broker with a solid background Forex traders who value a user-friendly platform and great research tools
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