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Finspreads Review

  • Regulated by: Financial Conduct Authority
  • Safety: segregates client funds
  • Trust Rating: A
Open Finspreads's Website

Losses can exceed deposits. Your capital is at risk.

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.

Open a demo account Visit Finspreads

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Segeregates client funds
  • Established in 1999
  • Regulated by Financial Conduct Authority
  • Min. deposit from $ 50

CONS

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.

See all Spreads

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:

Finspreads AvaTrade Plus500
Spread from: $5.00 $7.00 $6.00
Typical overnight fee: $4.60 $5.00 $9.40
Commission: 0 0 0
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.

General Fees

  • Finspreads does charge inactivity fees
  • Finspreads withdrawal fees varies on payment method

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is -$4.6
  • the roll over fee for short positions on EUR/USD is $0.97

Commissions

  • Finspreads doesn't charge commission on CFD shares

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
Cryptocurrencies No Yes Yes
Commodity CFDs Finspreads AvaTrade Plus500
# of commodities offered N/A 16 17
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Finspreads AvaTrade Plus500
# of Stocks offered 99 1816
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
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 Screenshot See Finspreads's Platforms

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

Trading Features:

  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Micro account
  • Standard account

Still not sure?

Open a practice account & learn to trade

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.

Funding methods:

  • Credit cards
  • Bank Transfer

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.