📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Financial Spreads Account Types

Financial Spreads Account Types

 

Overall Rating

4.7/5

Rated #– of 
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

30

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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.

 

Finding a reputable list about Financial Spreads account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

Financial Spreads Overview

Financial Spreads is a trading name of Finsa Europe Ltd, which launched in 2007 during the credit crunch as an online CFD trading and spread betting brokerage. The company is based in the UK and regulated by the highly reputable Financial Conduct Authority (FCA).

Financial Spreads offers a wide variety of trading instruments complemented by tight spreads, which can be traded on an advanced proprietary trading app. The broker also offers necessary educational content and analysis for traders of all levels.

As such, the broker seeks to differentiate itself by offering traders the following key benefits:

  • User-friendly Trading – offering a clear and simple trading platform
  • Fixed Spreads – ‘variable spreads’ have become commonplace but the broker still prefers to give clients clear and simple pricing via fixed spreads
  • Competitive Spreads – the broker’s pricing has always remained competitive e.g., the EUR/USD spread is 0.7pts always
  • Your Privacy is Important – the broker respects your privacy and only contacts you when the support team deems it necessary, with an optional op-out available
  • Lower costs – e.g., only paying for Guaranteed Stops if the order is used – much of the industry still needs to catch up on this
  • CFDs Without Extra Commissions – the broker has always wrapped up all spread betting and CFD commissions into the spread itself so that there is not a separate commission. This allows for clear and simple pricing.

The broker’s single proprietary platform supports spread betting and CFD trading across multiple devices. The platform provides traders with access to a live price feed, risk management tools, watchlists, plus P&L and account management tools.

This is further complemented by a wide range of time intervals, drawing options including Fibonacci Arcs, plus overlays and indicators such as MACD and Bollinger Bands.

Finsa Europe Ltd (Financial Spreads) is licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, under license number 525164.

The FCA is one of the most highly regarded financial regulators, providing a highly secure trading environment for the broker’s clients.

The broker also adheres to stringent rules and regulatory standards, most notably those regarding the use of segregated accounts to keep client money safe.

 

Financial Spreads Account Types

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.

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.

 

Financial Spreads Account Features

The single live trading account from Financial Spreads comes with the following features and benefits:

  • Free Demo Platform – practice your trading on our free demo platform
  • Commission-free Trading – the broker does not charge commissions, and its profit margin is built into the spread.
  • 24 Hour Trading – trade a range of markets 24 hours a day from Sunday evening to Friday evening
  • Over 1,000 global markets
  • Guaranteed Stop orders. With a Guaranteed Stop order, you can trade safe in the knowledge that, should a market gap through your Stop Loss level, you will not suffer any extra losses due to slippage (market gaps).
  • With a Guaranteed Stop order, your order will be stopped out at the level you requested.

 

Overall Rating

4.7/5

Rated #– of 
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

30

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Financial Spreads Demo Account

Traders can practice their spread betting and CFD trading skills without risking real funds on the demo account.

As such, the demo account from Financial Spreads includes the following features:

  • £10,000 of virtual funds
  • Stock market indices, forex, commodities, and shares
  • Live prices
  • Live charts

Setting up a demo account with Financial Spreads is an easy and straightforward process that takes less than one minute, and which consists of the following steps:

  • Simply fill in the short Demo Account form and the broker will send you an email
  • Just click on the link in the email to activate your new demo account
  • Log in and start practicing your trading

 

Financial Spreads Islamic Account

Unfortunately, Financial Spreads does not offer an Islamic account, which is a serious drawback for Muslim traders due to the reasons described below:

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

Financial Spreads Pros and Cons

✔️ PROS ❌CONS
Commission-free trading Low leverage
Easy account opening process No information regarding certain fees
Tight spreads Only one trading platform available
Well-regulated broker

 

You might also like: Financial Spreads Minimum Deposit

You might also like: Financial Spreads Demo Account

You might also like: Financial Spreads Fees and Spreads

You might also like: Financial Spreads Sign up Bonus

 

Financial Spreads at a Glance

Broker’s Name Financial Spreads
Headquartered London, UK
Year Founded 2007
Regulating Authorities FCA
Countries not accepted for trade Unites States
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts Yes
Managed Accounts No
Maximum Leverage 1:30
Minimum Deposit GBP 250
Deposit Options Bank wire, Credit or Debit Card, Online Payments
Withdrawal Options Bank wire, Credit or Debit Card, Online Payments
Platform Types Financial Spreads proprietary trading platform
OS Compatibility Windows, Mobile, Web, iPhone, iPad

PC and Mac OS, mobile for Android and IOS

Tradable Assets Forex, Indices, and Commodities
Languages supported on Website English only
Customer Support Languages English only
Customer Service Hours 24/5

 

FAQ

 

Trading Environment

 

How many instruments can I trade with Financial Spreads?

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.

 

Which platforms are supported by Financial Spreads?

Financial Spreads proprietary trading platform

 

Does Financial Spreads offer leverage?

Yes, 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.

 

What spreads can I expect with Financial Spreads?

The Financial Spreads spread list is as follows:

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.

 

Does Financial Spreads charge commission?

No, commissions are incorporated into spreads, so that the broker offers commission-free trading.

 

Are there additional charges on the Islamic account?

Financial Spreads does not offer an Islamic Account

 

Is Financial Spreads regulated?

Yes, Financial Spreads is regulated by Financial Conduct Authority (FCA).

 

Is Financial Spreads a recommended forex trading broker for experts and beginners?

No, Financial Spreads appears to position itself more towards advanced, professional, and institutional traders, although some beginner traders can consider testing the broker’s demo account.

 

What is the overall rating out of 10 for Financial Spreads?

8/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Financial Spreads offer a demo account?

Yes, Financial Spreads offers a free demo account to all new traders.

 

For how long is the demo account valid?

The demo account is only available for 30 days.

 

Does Financial Spreads offer the option of an Islamic Account?

No.

 

Which live trading accounts does Financial Spreads offer?

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.

 

What are the available deposit currencies for a live trading account?

Financial Spreads only accepts deposits in three currencies, namely USD, EUR, and GBP. This means that traders depositing in smaller currencies, such as ZAR/Rand, will likely incur conversion fees.

 

Deposits and Withdrawals

 

What is the minimum deposit for Financial Spreads?

The minimum deposit amount required to open a broker account with Financial Spreads is GBP 250, which is a relatively standard minimum deposit amount amongst most brokers in the industry today.

 

How do I make a deposit and withdrawal with Financial Spreads?

Financial Spreads offers deposits and withdrawals via bank transfer, credit/debit cards, and online payments, although the broker does not indicate which online payment processors are supported.

 

Does Financial Spreads charge withdrawal fees?

The broker does not provide any information regarding deposit fees and withdrawal fees, which is concerning, as such fees represent valuable information for traders wishing to understand the broker’s overall cost structure.

 

How long does it take to make a withdrawal?

Bank wire transfers can take up to three working days, depending on the bank and your location, while online withdrawals can take up to ten minutes.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is fully regulated by top-tier regulators. It has a trust score of 60 out of 100 and is considered a low-risk trading partner.