Finspreads Review

Note: We do not particularly recommend Finspreads as this time. We do like Ayondo who offer very competitive financing charges and and charge you interest only on the amount you actually borrow from them.

Finspreads is now part of CityIndex. Finspreads’ trading platform is decent and complete with an orders system, technical analysis features and a customisable watch-list tool.

• Advanced orders system – You can choose specific levels to enter and exit any market, place a limit order to lock-in profits and manage your risk with a guaranteed stop loss.
• Optional split-screen layout – View live tradable prices and manage other areas of your account simultaneously.
• Advanced charting and analysis – Charting, technical analysis and company research, directly available from the trading platform.

Range of Markets Offered by Finspreads

Finspreads offer prices on thousands of spread betting and CFD trading markets including indices, shares, currencies, commodities, bonds and interest rates.

If you are looking to trade Forex, then all Forex account holders can also access Capped Variable Spreads on 37 forex pairs, including EUR/USD, GBP/USD and USD/JPY.

Finspreads emphasises education as a selling point. All funded account holders are eligible to take part into Finspreads Trading Academy which guides clients through financial spread betting and teaches them how to use the Finspreads trading platform. The Trading Academy lasts for a period of 8 weeks, and during which clients can take full advantage of the trading platform for only 10p per point online. Once the ‘Trading Academy’ course have been completed clients may also attend free in-house seminars where additional coaching is provided on trading strategies, risk management, psychology and software selection.

In addition to the desktop trading platforms, you can also trade from a wide range of devices, such as on your iPhone or iPad, or your Android mobile or tablet. This enables you to keep up to date with the markets and your spread betting positions.

The platforms and devices supported by Finspreads are;

Advantage Web is the primary web based trading platform offered by Finspreads. Advantage Web enables you to spread bet, trade CFDs or FX from the same platform. The trading platform has a wide range of features such as;

Advantage Web is a highly customisable browser-based platform which has been designed to support your trading of the financial markets successfully.

The Finspreads Advantage web trading platform allows you to deal through charts.This is a great feature that means you don’t have to switch between the chart and the deal ticket. You can also amend order directly from the charts which is another great time saving feature.

The platform supports “One-click dealing” again this can increase the speed with which you trade the markets to make sure you don’t miss out on trading opportunities. If this isn’t for you then you can switch to double-click dealing.

All of the screen layouts are fully customisable. This allows you to create the perfect trading screen layout to suit your style and preferences with Multiple Charts embedded into platform layouts. This is useful If you want to watch multiple charts at the same time. You can also create and amend multiple watchlists, grouping together individual markets to suit your trading needs.

Overall the Finspreads trading platform is easy to use. The intuitive interface and highly customisable features create a trading experience that’s simple, easy to use and can be suited to anyone’s preferences. 

Research and Resources

Many traders choose to trade using information flows such as news and volume trading. Instant access to up-to-the-minute information and director dealings can be used as part of a well thought out trading strategy.

As part of the Finspreads service, all spreadbetters have access to:

• Live Dow Jones news feed – Keep up-to-date with all the latest market news as it happens.
• Economic Calendar
• Market news and analysis – Receive daily market reports and weekly technical analysis on popular markets.
• Heat maps – A unique tool to help a trader quickly see which stocks are rising and falling through a colour-coded system.
• Trading support desk – A friendly team dedicated to assisting clients over the phone with trading-related questions and helping clients navigate the trading platform.

Should I use Finspreads as my Spread Betting Broker?

You will have to make the final decision on a broker based on your own analysis. Finspreads are reputable and have a decent web trading platform although their bid-offer spreads may not always be the most advantageous.