Finspreads Review

Finspreads Overview

Founded 1999
Minimum Deposit £50
Spread Betting Platforms Advantage Web, Finspreads App from iTunes, Finspreads App from Google Play
Spread Betting Markets 13,000+
Spread on EUR/USD 0.5 pips
Banking Methods Credit Cards, Debit Cards
Demo Account None
Regulated Financial Conduct Authority (UK)
Customer Support Email, Mail, Phone, Live Chat
Website www.finspreads.com

 

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Pros

  • Variety of spread betting platforms
  • More than 13,000 markets
  • Low minimum deposit requirement
  • Regulated
  • Risk management tools
Cons

  • No demo account
  • Access to 13,000 products only available for Standard account
  • Support not available 24/7

Finspreads is an online financial spread betting firm that was established in 1999. What makes this brokerage a popular choice in this industry is that they offers traders a great range of financial assets which can be accessed with their trading platforms that comes with advanced charting technology.

Spread Betting Platforms [20/20]

The advantage of this brokerage over their competition is that they offer more than one platform for spread betting. The first is the Advantage Web where you can trade the markets straight from a web browser. The screen layouts can be easily customized and are integrated with advanced charts and other useful tools. If you’re keen on trading using your mobile device then you can install the Finspreads App from iTunes if you’re using an Apple device or the Finspreads App from Google Play if you’re using an Android-powered device.

finspreads spread betting platform

Market Coverage [15/15]

You can gain access to more than 13,000 products if you’re signed-up for a Standard account. Beginners accounts however do not cover shares, so you may be able to access just around 9000 products but still this is an advantage since you will be able to spread trade on a diversity of sectors which you may have experience in.

finspreads spread betting markets

Minimum Deposit [10/10]

Another advantage of this brokerage over their competition is that you can sign-up with a minimum initial deposit of £50. This is much lower than the requirements of other reputable brokerages today so you can start with a much lower capital.

finspreads deposit

Spread Betting Advantages [16/20]

This brokerge brings huge range of advantages when it comes to spread betting. They offer optimal conditions such as tight spreads from 1 point and low margins as well. When it comes to educating their clients, they have a great range of resources and materials to train even the most novice on how to become a skilled trader. You can trade with lower risk with a Beginners account which will allow you to open positions with minimum stake sizes starting at just 10p per point. And once you gain spread betting confidence, you can increase your stake sizes for much bigger returns.

Customer Support [11/15]

Client assistance is never an issue with this brokerage which can be contacted via email, mail, phone and live chat. However, account queries such as opening an account, dealing instructions, funding and withdrawals and password resets can only be answered from Mondays to Fridays between 9AM to 6PM so be sure to take note of their availability time if you need to get in touch with one of their agents.

finspreads support

Reliability [13/20]

This brokerage was the first to offer browser-based spread betting in the UK and up to now they continue to be one of UK’s biggest online spread betting firms. Based on our extensive research, it is their broad range of markets and effective risk management tools that are considered to be the strongest advantages that were mostly commented by their satisfied clients. Their active license from the Financial Conduct Authority is also an added advantage since they are authorized by a UK financial regulator.

Conclusion

With Finspreads, you will be able to spread bet on a diverse range of markets not only via their web-based platform but also on mobile as well. The advanced charting technology and the integrated risk management tools will give you the benefit of controlling your trades so you can lock in on the possible profits more efficiently. And the fact that they are regulated by the FCA and have been in this business for almost two decades means that they can be trusted.

Total Score: 85/100

 
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