Finspreads

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Quick Summary: Finspreads is a leading financial spread betting firm, offering quick and easy access to the world's markets through online and mobile trading platforms.


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Fins were my introduction to spread betting. I found their site easy to understand and operate. When they introduced online stops this improved their service for me immeasurably.

I also find their addition of daily movement very useful, much easier to follow than actual prices.

They can be a little slow on fills sometimes, and rarely fill at the price quoted on screen.

Fins do not do daily statements, just contract notes, with rolling bets I think statements will become necessary.

Regarding stops. I have never had a stop actioned that was not exactly at what was placed.

Overall, their service is good with reasonably quick responses to e-mails.

Rating: 8/10

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As my first spread betting provider, my experiences were virtually the same as ORCHARD.
The only other significant points I would make are :-

1. They run a unique TRADING ACADEMY for first timers. This runs for 8 weeks during which you get to trade for 1p stakes on anything. Plus you get a weekly pamphlet explaining each trading section, golden rules, etc. At the end of the 8-week period, your minimum online stake ups to 50p [phone trades are higher].
However, the pamphlets are only a guide to using the site. You'll still have to gain market knowledge elsewhere.

2. They offer the lowest stakes I can find [50p/point on internet positions]. The 1p 'academy' stake was great as an introduction to actual trading.

3. The site gives quick/easy access to prices without having to log in. I find this is good while at work, as actual gambling is prohibited.

4. Online order placing and stop-loss access is a big improvement, but is currently only active when markets are open. I believe they plan to allow access outside market hours in the future.

Whilst maybe not the cheapest spreads around, but I'd say one of the best for new traders.


Rating: 9/10

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if you are a active trader you are just wasting your time when tdading with FAT BIG SPREADS

THE ROLLING CASH CHARGES A HELL LOOT OF MONEY
ONE OF MY FRIENDS HAD A BUY FOR sbyr JUST 1p PER POINT AND THEY CHARGET HIM EVERY DAY 25p , so even the stock went up 10p he still lost £!.5

Rating: 3/10

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It is my opinion, devoid of irrefutable legally upholdable proof, that it appears their sole mission is to use every tactic available to empty your account into theirs as fast as possible, by every questionable method available. I also found their attitude to customers to be supercilious and totally devoid of interest. Needless to say my stay with them was short and expensive. This was a couple of years ago so maybe the leopard has new spots - can a leopard change its' spots ?

Rating: 2/10

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was unfortunate enough to use this company. Very bad customer service frankly found thir staff very rude!


Best avoid!!

Rating: 3/10

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I am writing this after reading the last 3 negative responses. I was quite surprised to read them, as FinSpreads are my SB of choice !!
I tend only to use SB as a means of experimenting with ideas, and rarely trade more than £5 a point, £1 - £3 a point is more usual. ( and mainly the DOW ).
I have been using them for just over a year, and have found them to be most effective.
I have always got the price I wanted, and you do get a chance to buy/sell at the price indicated - you get a buy/sell and a set amount of time to take the trade. So I dont understand the previous posts remarks about prices "slipping". The main reason for using FinSpreads is because of the stops, this gives me piece of mind. I have always had my stops taken at the indicated price. Maybe I am just lucky.
The trading course is quite frankly pants !!
The 8-week set of pamphlets, all show the same examples of what happens if you buy or sell, and what the effects if you are right or wrong. They effectively repeat themselves over the 8 weeks. This "course" is patronising. ( I think its just to get you to trade at the minimum of 50p a trade; as once you have finished the course, you can no longer trade at 1p a point ).

Overall, they are good. The support is overwhelmingly average.
However, overall, I rate them above average.
( this in comparison to my experience of SpreadEx and D4F. I would say CityIndex as well, but after 3 weeks, they still cant set up an account for me !! )

PS: I tend neo to give "top" marks for anything, as it implies its perfect - so for me, a 4 is as good as it gets !

Rating: 7/10

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I have not had any problems with finspreads. They provide a good range at good spreads. For me, they provide OCO and contingent orders which is great. The one time I had a problem due to a protracted power failure, they provided excellent phone service. Full marks.

Rating: 10/10

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