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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #14 · Founded 1999
Fineco forex broker offers a multi-asset trading platform with broad currency pair access, built-in research, charting, and risk management tools. It delivers a streamlined web and mobile experience for order placement and…
Read the Fineco review
Trust rank #26 · Founded 2009
XM is a well-regarded forex and CFD broker providing online access to multiple markets on widely used platforms, along with research tools, education, and multilingual support.
Read the XM reviewFineco (Italy, founded 1999) holds 2 regulatory licences (CONSOB, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. XM (Cyprus, founded 2009) holds 5 regulatory licences (ASIC, CySEC, DFSA, FCA, IFSC), 2 of them tier-1, offers MT4, MT5 and sits in our low-fee bracket. The two overlap in 2 countries; Fineco is available in 0 countries where XM is not, and XM in 227 where Fineco is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | Fineco | XM |
|---|---|---|
| Trust rank | #14 | #26 |
| Founded | 1999 | 2009 |
| Headquarters | Italy | Cyprus |
| Regulators | CONSOB, FCA | ASIC, CySEC, DFSA, FCA, IFSC |
| Broker type | Market Maker | Market Maker, STP |
| Platforms | Proprietary | MT4, MT5 |
| Instruments | Forex | Commodities, Forex, Indices, Metals |
| Countries accepted | 2 countries | 229 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading | CFD Trading, Spot Trading |
| Best-for use cases | Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (2): Italy, United Kingdom.
Only XM (227): Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire and 202 more.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
XM holds more regulatory licences: Fineco (CONSOB, FCA) versus XM (ASIC, CySEC, DFSA, FCA, IFSC). Tier-1 licences: Fineco 2, XM 2.
Fineco offers Proprietary; XM offers MT4, MT5.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Fineco is the older of the two, founded in 1999; XM was founded in 2009.
They overlap in 2 countries. Fineco is additionally available in 0 countries () and XM in 227 countries (Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola and 221 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.