Financial Spreads Review
Financial Spreads is a trading name of Finsa Europe Ltd, which launched in 2007 as a CFD trading and spread betting brokerage. The company is based in the UK and regulated by the Financial Conduct Authority (FCA).
Broker: Financial Spreads Licences
Minimum deposit: 250 US$
Regulator: FCA
Year: 2007
Instruments: Forex, stocks, shares, and cryptocurrencies
Our Take:
The broker’s platform supports spread betting and CFD trading across multiple devices. The platform includes a live price feed, risk management tools, watchlists, plus P&L and account management tools. There’s also a broad range of time intervals, drawing options including Fibonacci Arcs, plus overlays and indicators such as MACD and Bollinger Bands.
Financial Spreads offers CFD and spread betting products across 30 forex pairs, 3 cryptocurrencies, 17 stock market indices on future and rolling cash contracts, 5 commodities, plus a variety of UK, US and European shares.
Overview
Financial Spreads offers over 1,000 spread betting and CFD assets on desktop and mobile trading platforms. This review covers the broker’s key features, including deposits, withdrawals and demo accounts. Find out if you can trust Financial Spreads and start trading today.
Pros
Licensed by FCA
Competitive spreads
30-day demo account
Spread betting products
Cons
Web and mobile trading only
Limited resources and tools
No choice of platforms
No live chat support
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.1
History
Financial Spreads is a trading brand of Clear Investor Ltd., which is an appointed representative for FINSA Europe Ltd. based in the UK. FINSA Europe Ltd. has been authorized and regulated under the Financial Conduct Authority. The Financial Conduct Authority regulation is actually one of the most important authorities. It provides excessive performance, safety measures, and is constantly audited. This all makes it safe for traders.
Over the years, the company has improved its services and delivered trading to clients. The platform providers have changed, but traders are still trading under the UK-regulated brand and unbeatable conditions.
You can therefore rest assured that all laws and regulations are being followed, as well as the security of your funds. Funds are always protected in segregated accounts while the client is covered by the Security and Client Money Protection (FSCS ).
Trading the markets can be difficult enough. However, traders do not have to fight alone. The company supports them in their quest to become successful traderswith a user friendly trading environment. This includes a range of platforms, fixed spreads that are stable in any market and of course, the highest level of privacy.
Specifications
Headquarters: UK
Regulation and license: FCA
Instruments: Forex, stocks, shares, and cryptocurrencies
Platforms: Proprietary WebTrader and Mobile App
Prices: 0.7 pip
Demo Account: Provided
Base currencies: EUR, USD, and GBP
Minimum deposit: 250$
Education: Education and Research
Customer Support: 24/5
Trade Platforms
Since the inception of the company, the broker has used multiple platforms. However, they decided to combine the best available tools and created their own software.
The Financial Spreads platform offers powerful trading capabilities for traders at all levels, along with risk management tools, advanced charting packages, and comprehensive trading features.
Web Platform
Accessible from all devices, the platform's Web-based nature and a newly designed feature of mobile app make it accessible from every device. The mobile app was specifically designed to meet the modern trading needs. It allows for advanced trading while trading is accessible at all times and from anywhere.
To practice trading strategies, there is a free demo platform. Financial Spreads improve risk management and Stop Loss orders are automatically attached for all new traders. You can also choose Guaranteed Stop Loss option when opening a new position for a small fee. This protects you in any market conditions.
Accounts
You cannot choose between account types Financial Spread. This account allows you to easily access all Financial Spreads products. All costs are included in the fixed spread when trading CFDs.
And spread betting, which offers you huge opportunities to trade without tax. This is highly developed and stands on a very professional level in Financial Spreads. However, it is only available for UK residents.
Fees
The tight spread basis ensures that the broker is a mainstay and you can always count on the market-competitive proposal to trade markets. This starts at 0.7 pips EURUSD and 0.8 for UK100. You can see more examples below. Also, compare Financial Spreads costs to BlackBull Markets.
Financial Spreads Rollover
You should also consider the overnight or rollover fee, which is charged for positions that are held longer than one day. The charge or refund are usually based on the Interbank Rate plus a percentage from Financial Spreads. Below is an example calculation of Financial Spreads rollover calculation.
Leverage
Financial Spreads leverage is subject to regulatory restrictions. This will permit you to trade larger amounts, but it won't allow for higher leverage levels. Financial Spreads licenses it to offer a maximum 1:20 for minor currencies and 1:10 for commodities.
Accounts at Financial Spreads
Deposit of 250 US$
Payment Methods
The Financial Spreads traders have access to the best payment options for funding trading accounts. These include Wire bank transfer, credit or debit card payments, and e-wallets like Skrill.
Financial Spreads minimum deposit
You can open an account and trade live by depositing 250$. You can trade CFDs and Spread betting with this deposit. However, make sure you check the margin required for each instrument you plan to trade.
Withdrawal fee
Most companies do not charge fees to withdraw or deposit money. You should always check with the source to confirm any fees. Fees can vary from one method to the next.
Conclusion
The Financial Spreads offer a highly secure and reliable way to trade. They also allow you to take part in the popular UK Spread Betting which is free of tax.
The company's mainstay is the fixed spread strategy . This allows traders to trade in any market conditions and high volatility. CFDs are traded without additional commission. All costs are included in a spread which is a good option for many traders.
The company is an excellent option, and the reliability of its operation over many years makes it a reliable choice. One possible problem is the lack of custom-designed learning materials. This may not be a major issue for new traders.
We would love to hear from you about Financial Spreads. You can leave a comment or request additional information.
Financial Spreads Updates
FInancial website is not accessible, but the company and license remain registered. If Financial Spreads offers you any financial spreads, we recommend that you do your own research.