Finspreads offer three ways to trade: Forex, CFDs, Spread Betting.
To open a live account, you’ll need a minimum deposit of at least $50. Alternatively, Finspreads offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 113942). Finspreads puts all client funds in a segregated bank account and uses tier-1 banks for this. Finspreads have been established since 1999, and have a head office in .
Before we dive into some of the more detailed aspects of Finspreads’s spreads, fees, platforms and trading features, you may want to open Finspreads‘s website in a new tab by clicking the button below in order to see the latest information directly from Finspreads.
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What are Finspreads's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on Finspreads’s website. The colour bars show how competitive Finspreads’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USDNot offered $0 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.81 pips. See popular brokers for trading EUR/USD
USD/JPY0.5 PIPS $0 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USD0.8 PIPS $0 per lot
The average spread for GPB/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 37.92 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$4.60||$5.00||$9.40|
|Total cost of a 100k trade:||$9.6||$12||$15.4|
|+$2.40 more||+$5.80 more|
|Visit Finspreads||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with Finspreads?
|FX / Currencies||Finspreads||AvaTrade||Plus500|
|# of forex pairs offered||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|# of commodities offered||N/A||16||17|
|Indiced & Stock CFDs||Finspreads||AvaTrade||Plus500|
|# of Stocks offered||99||1816|
|See Finspreads's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the Finspreads trading experience like?
1) Platforms and apps
Finspreads offer a user-friendly custom trading platform, available as both a downloadable program or as a broswer based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.
Finspreads also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See Finspreads's platforms
2) Executing Trades
Finspreads allow you to execute a minimum of trade of 10p stake sizes. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.
As a market maker, Finspreads may have lower entry requirements compared to a ECN broker who benefit from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Finspreads offer margin up to 0.005% on currencies.
Finally, we‘ve listed some of the popular funding methods that Finspreads offers its traders on the right.
3) Client support
Finspreads support a limited number including English
Finspreads have a BrokerNotes double AA support rating because Finspreads offer live chat, phone, email support and less than three languages.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.finspreads.com/ on November 21, 2017.