Pepperstone vs Fineco Bank Comparison
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Pepperstone vs Fineco Bank.
Can I trust Pepperstone?
Pepperstone is not publicly traded and does not operate a bank. Pepperstone is authorised by three Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 (High Risk). Pepperstone is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and regulated in the European Union via the MiFID passporting system.
Can I trust Fineco Bank?
Fineco Bank is publicly traded and does operate a bank. Fineco Bank is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). Fineco Bank is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.
Is Pepperstone good?
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
Is Fineco Bank good?
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.
What is the minimum deposit requirement for opening an account with Pepperstone?
To open a trading account with Pepperstone, you'll need to make an initial minimum deposit of $200.
What is the minimum deposit requirement for opening an account with Fineco Bank?
Fineco Bank requires a minimum deposit of $0 before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Pepperstone offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Fineco Bank provides Bank Wire (Deposit/Withdraw).
Does Pepperstone or Fineco Bank offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Pepperstone offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is Pepperstone or Fineco Bank safer for forex and CFDs trading?
At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Pepperstone holds 3 global Tier-1 licenses, while Fineco Bank holds 2. Pepperstone holds 2 global Tier-2 licenses, while Fineco Bank holds 0.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Pepperstone (95) earned a higher Trust Score than Fineco Bank (94).
Which trading platform is better: Pepperstone or Fineco Bank?
To compare the trading platforms of both Pepperstone and Fineco Bank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco Bank offers a better experience. With research, Pepperstone offers superior market research. Finally, we found Pepperstone to provide better mobile trading apps.
Here’s what trading platforms are available at Pepperstone:
- Proprietary Platform - No
- Web Platform - Yes
- cTrader - Yes
- DupliTrade - Yes
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - Yes
Here’s what trading platforms are available at Fineco Bank:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - No
- MT5 - No
- ZuluTrade - No
- TradingView - No
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Pepperstone offers MetaTrader 4 (MT4), while Fineco Bank does not. Forex traders also appreciate the ability to engage in social copy trading. While Pepperstone offers copy trading, Fineco Bank does not.
What can I trade with each broker?
Pepperstone provides traders 62 currency pairs (e.g., EUR/USD) compared to Fineco Bank's 54 available pairs. If you are interested in trading CFDs, Fineco Bank offers traders access to 9770 CFDs, while Pepperstone offers access to 2342 CFDs; so Fineco Bank offers 7428 more CFDs than Pepperstone.
We found in our testing that Fineco Bank offers a more diverse selection of investment options than Pepperstone, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Cryptocurrency (Physical).
Overall winner: Pepperstone
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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.