Financial Spreads Review 2023

2.5
/ 5
Financial Spreads is #107 in our CFD broker rankings.

Financial Spreads is a UK-regulated broker offering spread betting and CFDs.


Trusted

Demo Account
£250
Own
Spread betting, CFDs
-
Wire Transfer, Credit Card, Visa, Mastercard

Forex Trading

Financial Spreads offers forex trading with 1:30 leverage.

Stock Trading

Trade on UK, US and European shares at Financial Spreads.

CFD Trading

Buy and sell leveraged CFD contracts at Financial Spreads.

Crypto Trading

Trade three leading cryptocurrency coins.

Spread Betting

Use spread bets to make straightforward predictions on the direction of the financial markets.

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.

Financial Spreads Details

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).

Financial Spreads offers an array of instruments with tight spreads on a proprietary trading app. The broker also provides some educational content and guidance for traders of all levels.

Financial Spreads Platform

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 trading platform financialspreads.com
Financial Spreads trading platform

The broker’s platform is available as a web trader, which can be accessed from most major internet browsers.

Markets

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.

Trading Fees

Spreads are around 0.7 pips for EUR/USD and 0.8 pips for EUR/GBP and USD/JPY. Crude oil spreads are 3 points, whilst major indices such as FTSE 100 are around 4 points.

Commissions are incorporated into spreads, but there is a cost to holding equity CFDs overnight, known as an overnight financing charges.

FinancialSpreads Leverage

The maximum leverage available is 1:30 on major currency pairs, 1:20 for minor currencies and 1:10 for commodities. The margin requirements for each instrument are provided in the market information sheets on the website.

Mobile Apps

The broker’s platform is offered primarily as a mobile app, which delivers convenient and powerful trading features to suit the modern trader. The app comes with essential technical analysis tools, trading from the charts and full account management. The app is compatible with both Android and iOS devices.

Financial Spreads mobile trading financialspreads.com
Financial Spreads mobile trading

Deposits & Withdrawals

Financial Spreads offers deposits and withdrawals via bank transfer, credit/debit cards and online payments. The minimum deposit is £250. Unfortunately the broker isn’t transparent around funding fees or processing times, which our review was concerned to see.

Demo Account

Traders can practice their spread betting and CFD trading skills without risking real funds on the demo account. The free practice account lasts for 30 days and includes £10,000 in virtual funds, plus access to live prices and charts.

Welcome Bonuses

Financial Spreads complies with regulatory restrictions imposed by the Financial Conduct Authority (FCA) and therefore does not offer any bonuses.

Regulation Review

Finsa Europe Ltd (Financial Spreads) holds a license with the Financial Conduct Authority (FCA) in the United Kingdom, under license number 525164. The FCA is one of the most highly regarded financial regulators, so traders should have a good level of trust in this broker.

The broker also complies with strict rules and regulatory standards, including the use of segregated accounts to keep client money safe. The broker is also a member of the Financial Services Compensation Scheme (FSCS).

Additional Features

Traders won’t find a very comprehensive selection of analysis tools or additional features compared to many online brokers. There is some brief guidance on spread betting and CFD trading on the website, as well as content on guaranteed stop losses and rolling markets.

Trading Accounts

Financial Spreads offers only one account type, which provides access to all available CFD and spread betting assets, with trading costs rolled into the fixed spreads. The minimum initial deposit to open an account is £250.

Benefits

Advantages of choosing Financial Spreads include:

Drawbacks

Disadvantages of opening an online account include:

Trading Hours

Forex trading sessions open at 22:05 on Sunday and close at 22:00 on Friday, UK time. All other trading products have varying trading hours, which are listed on the market information sheets on the website.

Customer Support

Financial spreads only offers customer support via telephone, at +44 (0) 203 475 4830, or via email, at enquiries@finsaeurope.com. Most other brokers also offer a live chat service as a convenient and quick support tool, so it’s disappointing to see that this isn’t provided here.

The broker’s head office is located at 9th Floor, 30 Crown Place, London EC2A 4ES, United Kingdom.

Security

Most trading platforms come with standard SSL security and encryption features, as well as one-time passwords or two-factor authentication protocols. Financial Spreads is not transparent with the security of their platform, however, so get in touch with customer support if you have any questions.

Financial Spreads Verdict

Traders can access a wide selection of assets at Financial Spreads, with mobile trading and spread betting opportunities. Users can also feel comfortable signing up with the broker due its robust licensing. However, the lack of live chat customer support, limited educational resources and no choice of platforms may disappoint some.

Accepted Countries

Financial Spreads accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Financial Spreads from United States.

Payment Methods

Financial Spreads Details

Minimum Trade 0.01 Lots
Regulated By FCA
Islamic Account No
Mobile Apps yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
ELWs No
REITs No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Social Trading No
Trade Signals No
Guaranteed Stop Loss No
Commodities
  • Gold
  • Silver

CFD Trading Details

FTSE Spread 0.8
GBPUSD Spread 0.9
Oil Spread 3
Stocks Spread variable
Leverage 1:30

Forex Trading Details

GBPUSD Spread 0.9
EURUSD Spread 0.7
EURGBP Spread 0.8
Assets 30+

Cryptocurrency Trading Details

Crypto Spread From 1 pip
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BTC
  • ETH
  • XRP

Compare Financial Spreads

Compare Financial Spreads with similar brokers that accept traders from your location. Among available brokers these are the most similar to Financial Spreads:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

Financial Spreads Comparison Table

Compare Financial Spreads With Similar Brokers
Financial Spreads IG Group Just2Trade World Forex
Rating 2.5 4.4 3.5 4
Markets Spread betting, CFDs CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit £250 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FCA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA CySEC, NFA, FINRA, Bank of Russia SVGFSA
Bonus Up to $2,000 for professional accounts 100% Deposit Bonus
Education No Yes No No
Platforms Own MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 4 6 20 10
Visit Visit Visit Visit
Review Financial Spreads
Review
IG Group
Review
Just2Trade
Review
World Forex
Review

Compare Trading Instruments

Compare the markets and instruments offered by Financial Spreads and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Financial Spreads Trading Instruments
Financial Spreads IG Group Just2Trade World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting Yes Yes No No
Volatility Index No Yes No No

Financial Spreads vs Other Brokers

Compare Financial Spreads with any other broker by selecting the other broker below.

Financial Spreads vs

FAQ

What markets are available at Financial Spreads? 

Financial Spreads offers over 1,000 CFD and spread betting instruments across forex, cryptocurrencies, indices and commodities, as well as UK, US and European shares.

What platforms does Financial Spreads offer?

Financial Spreads offers a proprietary web and mobile platform which supports spread betting and CFD trading strategies. The platforms can be downloaded onto iOS and Android smartphones.

Does Financial Spreads offer a demo account? 

Yes, the broker offers a 30-day demo account which includes £10,000 in virtual money. Beginners and experienced traders can practice their trading skills and place simulated orders.

Is Financial Spreads regulated?

Yes, Financial Spreads is licensed by the UK Financial Conduct Authority (FCA) under license number 525164.

Is Financial Spreads a good broker?

FinancialSpreads is an established spread betting and CFD trading brokerage, which is covered by a strong regulatory framework. Traders should check online customer reviews or compare with other similar brokers before making a decision.

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Financial Spreads is a UK-regulated broker offering spread betting and CFDs.