Within the financial industry it is easy to get lost while choosing a correct broker to trade with. For this reason here in 55brokers we assist in choices and review trading companies, so now if Finspreads Review for your consideration.

What is Finspreads?

Finspreads is a financial trading firm, which is a part of GAIN Capital Holdings Inc a true giant in financial industry, a publicly traded company providing online trading solutions. Originally, Finspreads was the UK spread betting firm that became acquired by City Index in 2006 allowing to bring better technological innovation to the company and enhance user experience. City Index is also a part of GAIN Capital that holds several globally recognized financial firms respectively regulated and heavily financed supporting customers from over 180 countries, including FOREX.com and other firms across the world.

Despite its strong background Finspreads is a type of a trading broker allowing speculation on price movements throughout numerous markets including shares, indices, forex pairs and crude oil. Eventually, the main offering of Finspreads as a UK firm is to provide Spread betting activity where you can bet on spread meaning potentially trade with no fees. However, spread betting is available for UK residents only.

Finspreads website

Obviously, for over twenty years of presence and operation GAIN Capital received numerous reviews and global recognition, with an impressive number of awards and nominations. This is not surprising, as its spurious service and technology deserve its high rankings also bringing you as a trader peace in mind.

What is more great, Finspread highly recommends to its clients to spend time learning and always helping in those strives by a range of training and educational tools. Which is also a great advance for beginning traders, as the correct start and knowledge are precious in your trading success.

Finspreads trading education

However, to get things about a particular broker more clear you should consider the most important information offering consists of. With this purpose, in this review we cover the following highlights:

Is Finspreads safe or a scam?

Finspreads is obviously a trusted financial service provider, as it is a trading name used by the GAIN Capital Holdings the company incorporated in the US and operating numerous entities according to all the strict laws. Finspreads itself being a UK firm falls under FCA regulations and overseen, while the mother company Gain Capital company withholds regulations worldwide including IIROC (Canada), CFTC (USA), MAS (Singapore), ASIC (Australia), JFSA (Japan) and more.

Finspreads license Gain CApital

Therefore, and due to numerous regulations, Finspread considered a safe company to trade with, as you will be always ensured of its strict follow to international rules, the excellence of service and of course all backed with a global presence of reputable finance firm. Finspreads regulation, however, provides also sharp control overall procedures, including data protection, funds safety, secure online executions and even protection under FSCS compensation in case of brokers insolvency.

Finspreads Trading Platforms

Finspreads mainstays at its own designed platform Advantage Web online platform, as well available as iPhone App and Android App. This software indeed designed very smartly and meet unique trading needs and satisfy particular solutions of most demanded traders.

The trading flexibility of the one combines with great technical capabilities with powerful developed trading tools (70+ technical indicators) and signals, as well ability to set defined price tolerance.

Finspreads platform

Even though, Finspreads defined only one option as a platform, considering fact that the broker is a spread betting provider you should be sure Advantage Web is a great solution for this type of trading. Also, accompanied by trading applications you are able to stay updated at any moment just by checking your phone, which is also very important in today’s dynamic trading.

Finspreads Fees

The trading accounts at Finspreads are defined by the best way according to the trading style you deploy, while you may surely count on great execution provided by the powerful entity on GAIN Capital, access to tight spreads and low margins. Finspreads offers three different account types, where is a possibility to choose either to limit your betting risk by various minimum stake size or bringing exposure for experienced traders.

Finspreads account

Finspreads Spread

For the Finspreads spread itself, GAIN Capital entities are indeed known for its low costs and consistent tight spreads on its offering with over 12,000 global markets. Thus, as Finspreads you may enjoy low spreads as well, where major indices include 1-point spread and as low as 0.5pts on EUR/USD. See more examples below, as well compare fees to another popular broker CIX Markets.

 Asset/ PairFinspread Fees
EUR/USD0.5 points
GBP/USD0.8 points
Crude Oil WTI4
Gold0.4 points

Finspreads spread betting

Finspreads Leverage

Finspreads offering its Spread betting products as a margined product, which means by a small deposit you may have greater exposure to markets. Initially, you need about 1% to 10% of the total position to place an order, which is possible due to leveraged positions. These levels are also strictly regulated by the industry authorities since leverage forms potential to both profits and losses, therefore being a UK firm Finspreads offers a maximum of 1:30 for retail traders.

Finspreads Deposits and Withdrawals

Finspreads offers only common payment methods, but they are actually most trustable and the most common ones. The options including transfers through Debit and Credit Cards, or the Wire Bank Transfer.

Finspreads minimum deposit

The minimum initial deposit depending on the account type you choose to open, while the Beginners account demands at least $50.  Finspreads Limited Risk Account or Standard Finspreads Account requires $100 at the very beginning.

Finspread deposit

Finspreads withdrawal fee

There are no charges for making deposits in case you use a debit card for money deposit, however in case you use credit card transfer is entitled to 1.5% processing fee. Further on, while you will be withdrawing money from trading account Finspreads typically does not charge any fees as well, yet always make sure with payment provider from your region in case of fees.

Conclusion on Finspreads

As a part of global leading online trading and financial investment company, Finspreads gained our trust, as well as confirmation by numerous successful traders GAIN Capital is famous for.  Apart from its well regulated and respected trading environment, Finspreads also providing some of the competitive conditions for spread betting on numerous markets. We also like the technology they offer and definitely great pricing, which is among the lowest spread in the industry.

Nevertheless, it is always good to know your personal opinion which you may share in the comment area below.

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