Financial Spreads Review 2024


2.5 / 5
Financial Spreads is #108 in our CFD broker rankings.

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

£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.

Top 3 Alternatives to Financial Spreads

Compare Financial Spreads with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

  3. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

Financial Spreads Comparison Table

Compare Financial Spreads With Similar Brokers
Financial Spreads IG AvaTrade Pepperstone
Rating 2.5 4.4 4.9 4.8
Markets Spread betting, CFDs CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Demo Account Yes Yes Yes Yes
Minimum Deposit £250 $0 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FCA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Bonus
Education No Yes Yes Yes
Platforms Own Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:30 (Retail) 1:400 (Pro) 1:30 (Retail), 1:500 (Pro)
Payment Methods 4 6 13 11
Visit Visit Visit Visit Visit
Review IG
Review
AvaTrade
Review
Pepperstone
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 AvaTrade Pepperstone
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 Yes Yes
Silver Yes Yes Yes Yes
Corn No No Yes Yes
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes Yes
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting Yes Yes Yes Yes
Volatility Index No Yes Yes Yes

Financial Spreads vs Other Brokers

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

 

Customer Reviews

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

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.