• Comparison
• eToro vs Fineco

eToro features a trading community exceeding 30M traders who benefit from the user-friendly web-based eToro platform and supporting mobile app, plus 3,000+ tradable instruments. With CopyTraders, the proprietary copy trading tool at its core, eToro remains a leading broker for clients wanting to copy trade others. The broker also has a bespoke investment product, Smart Portfolios, featuring thematic long-term buy-and-hold investments managed in-house by eToro. The cryptocurrency sector is the latest foray by this growing multi-asset broker, where it has firmly established its position as a significant player.

Fineco is a leading European bank and FinTech company with an excellent asset selection and high-quality investment products. It presents clients with completely proprietary trading technology and cutting-edge analytical tools. Fineco is a strong performer with its services for long-term investors, including managed funds and automated investments with accessible low minimum commitments.

We have conducted an in-depth evaluation of eToro and Fineco to determine the best overall option and discover which groups of traders stand to gain the most from each brokerage.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs Fineco - Verdict

Headquarters	Israel	Italy
Regulators	ASIC, CySEC, FCA, FSA	FCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2007	1999
Execution Type(s)	Market Maker	Market Maker
Minimum Deposit	$50 - $10,000	None
Negative Balance Protection		N/A
Trading Platform(s)	Proprietary platform	Proprietary platform, Web-based
Average Trading Cost EUR/USD	1.0 pips	1.0 pips ($10.00)
Average Trading Cost GBP/USD	2.2 pips	N/A
Average Trading Cost WTI Crude Oil	$0.05	N/A
Average Trading Cost Gold	$0.45	N/A
Retail Loss Rate	74%	N/A
Minimum Raw Spreads	0.8 pips	N/A
Minimum Standard Spreads	1.3 pips	N/A
Minimum Commission for Forex	$0.00	N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Get Started	Get Started

Features & Platforms

MT4
MT5
MT4/MT5 Add-Ons		N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading		N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Get Started	Get Started

Noteworthy:

eToro features its in-house developed cryptocurrency wallet, a mobile e-money account, and access to the eToro Academy. Fineco presents clients with a one-stop brokerage and banking solution.

Available Markets

Currency Pairs
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks		N/A
Stocks (non-CFDs)
Bonds		N/A
ETFs
Options		N/A
Futures
Synthetics
	Get Started	Get Started

eToro maintains 3,000+ instruments with a focus on equity CFDs and ETFs. Forex traders get an above-average choice of available pairs to trade. At the same time, other sectors receive adequate coverage, which is ideal for cross-asset investment diversification. Fineco shines with its wide asset selection featuring 20,000+ instruments covering most markets, with cryptocurrencies notably missing but still an impressive choice of shares, ETFs, and bonds.

Typical Spreads & Fees

Average Trading Cost EUR/USD	1.0 pips	1.0 pips ($10.00)
Average Trading Cost GBP/USD	2.2 pips	N/A
Average Trading Cost WTI Crude Oil	$0.05	N/A
Average Trading Cost Gold	$0.45	N/A
Average Trading Cost Bitcoin	$574	N/A
Minimum Raw Spreads	0.8 pips	N/A
Minimum Standard Spreads	1.3 pips	N/A
Minimum Commission for Forex	$0.00	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	$10 monthly after 12 monthd	N/A
	Get Started	Get Started

eToro and Fineco offer Forex traders a commission-free pricing environment, but eToro is slightly more expensive. Minimum Forex trading fees at eToro are covered by a 1.0 pip spread or ticket fee of $10.00 per standard lot versus 0.8 pips / $8.00 with Fineco. The Fineco cost advantage extends to CFD trading, where clients pay 50% less than eToro on overall fees.

Account Types

All eToro clients get an identical CFD trading account. Still, the minimum deposit required depends on the geographic location of traders. Demo accounts are available at eToro and Fineco, and the former offers swap-free, sharia-compliant Islamic accounts. Passive investors get exclusive access to eToro in-house managed strategies. At the same time, Fineco provides long-term investors with an excellent choice of in-house and third-party investment solutions. They include automatic investment programs and retirement planning accounts.

Minimum Deposit

The eToro minimum deposit for most international traders is $200. Still, it is as low as $10 for US and UK traders and as high as $10,000 for Israeli traders. EU-based clients can start with a minimum deposit of only $50. There is no minimum deposit requirement at Fineco, but traders can only use two bank-related deposit methods.

Minimum Withdrawal

The eToro minimum withdrawal amount is $30, and traders must pay a $5 internal transaction fee per withdrawal request. Fineco does not levy its withdrawal fees, except for international bank wires, where the fact sheet lists a £19.95 charge. Potential third-party payment processing costs and currency conversion fees may also apply at eToro. Fineco, being a bank, handles most transactions in-house.

Security & Trust

Country of the Regulator	Australia, Cyprus, Seychelles, United Kingdom	Italy
Name of the Regulator	ASIC, CySEC, FCA, FSA	FCA
Regulatory License Number	491139, 109/10, 583263, SD076	3015
Regulatory Tier	N/A	1
	Get Started	Get Started

eToro ranks amongst the most trusted brokers industry-wide. At the same time, Fineco has established itself as a leading Italian bank and FinTech company. Forbes named it on a list of the world’s best banks. Fineco is publicly listed and falls under the supervision of the Italian Central Bank. Both companies provide a trustworthy and secure trading environment, but Fineco has significantly more capital behind its operations.

eToro versus Fineco Verdict

eToro

Fineco

Fineco is a one-stop financial solution offering a highly competitive trading and investing environment with low trading fees and innovative trading technology. eToro takes the overall lead due to its beginner-friendly trading approach focused on popular strategies like copy trading and thematic investment portfolios via its mobile app.

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