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Finspreads
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- orchard
- 4.00 star(s)
Financial Spreads
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.
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.
- reynard
- 5.00 star(s)
finspreads.com
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.
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.
- genti
- 2.00 star(s)
wasting time
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
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
- catsdad100
- 1.00 star(s)
Finspreads
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 ?
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 ?
- trendie
- 4.00 star(s)
Finspreads Review
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 !
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 !
- heycanilosemoney
- 5.00 star(s)
FinSpreads
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.
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.
- Pat494
- 4.00 star(s)
Finspreads.com
I regularly use Finspreads. They are still the cheapest spread bet company around at 50p a point ( it used to be 1p min ). I like to try out my latest whizzo system until it crashes in flames and not at too great a cost. They are a bit slow to log onto the account page though. Min £100 account. Cheapo and not too baddo !
I regularly use Finspreads. They are still the cheapest spread bet company around at 50p a point ( it used to be 1p min ). I like to try out my latest whizzo system until it crashes in flames and not at too great a cost. They are a bit slow to log onto the account page though. Min £100 account. Cheapo and not too baddo !
- nodga2000
- 5.00 star(s)
Finspreads
Helpful, fast at dealing with queries and good execution. Admitedly their platform is looking a little outdated but it still works for me. I think if you look at the previous reviews they have improved greatly over the last couple of years, especially the relaunch of their Trading Academy (which they gladly give me a copy of!).
I'm sticking with them as I hear good things about the future...
Helpful, fast at dealing with queries and good execution. Admitedly their platform is looking a little outdated but it still works for me. I think if you look at the previous reviews they have improved greatly over the last couple of years, especially the relaunch of their Trading Academy (which they gladly give me a copy of!).
I'm sticking with them as I hear good things about the future...
- john88888
- 4.00 star(s)
Finspreads
Find them overall very good, with a wide range of markets online and many more not quoted online. They always give me the price I see, though occasionally I have to hold them up for fills, but they are very good at re-instating incorrect fills, overall I find the platform clunky but simple and easy to use. I have been informed of future developments of their platform and am excited by what they have described. I' m sticking with them....
Find them overall very good, with a wide range of markets online and many more not quoted online. They always give me the price I see, though occasionally I have to hold them up for fills, but they are very good at re-instating incorrect fills, overall I find the platform clunky but simple and easy to use. I have been informed of future developments of their platform and am excited by what they have described. I' m sticking with them....
- darek
- 1.00 star(s)
Dont win too much!
If you make too much in a short space of time they will close your account. To start with they slowed down the time I had to wait for a Trade Ticket; it prevented me from getting out of bets fast. Since I still managed to make money using their binary markets they closed my account for good.
If you make too much in a short space of time they will close your account. To start with they slowed down the time I had to wait for a Trade Ticket; it prevented me from getting out of bets fast. Since I still managed to make money using their binary markets they closed my account for good.
- Lee Shepherd
- 5.00 star(s)
Good for me
Although sometimes in extremely volitile periods the platform can freeze or slowup due to increased heavy trading. Guaranteed stops will help to prevent this or use the phone which may take a few crucial seconds to get through. The phone manner is very abrupt but efficient, quick and easy. If your not used to talking to a sharp broker and making quick decisions then these may not be for you. Your not the only person they speak with. The mobile platform on my PDA is also extremely useful for when outside or away. Active with them for 4 years.
Although sometimes in extremely volitile periods the platform can freeze or slowup due to increased heavy trading. Guaranteed stops will help to prevent this or use the phone which may take a few crucial seconds to get through. The phone manner is very abrupt but efficient, quick and easy. If your not used to talking to a sharp broker and making quick decisions then these may not be for you. Your not the only person they speak with. The mobile platform on my PDA is also extremely useful for when outside or away. Active with them for 4 years.
- cornishmiller
- 2.00 star(s)
Slow and unreliable
Poor connection, very slow order fill, can wait minutes for screen to update after a fill. Only good for testing S&P strategies as they allow 5p per point so if you're wrong it doesn't break the bank.
Poor connection, very slow order fill, can wait minutes for screen to update after a fill. Only good for testing S&P strategies as they allow 5p per point so if you're wrong it doesn't break the bank.
- gally
- 1.00 star(s)
Very Slow and Very reliable
Contra trade ticks instant complimentary ticks delayed.
Platform freezes at crucial times (consistently).
Orders not triggered or filled until trade returned to negative value.
Poor response when attempting to close trades resulting in serious erosion of profit to the point of loss being recorded.
Spreads manipulated to the point where profitable trading is rendered almost impossible.
Is it me or do others have similar/opposite views?
Contra trade ticks instant complimentary ticks delayed.
Platform freezes at crucial times (consistently).
Orders not triggered or filled until trade returned to negative value.
Poor response when attempting to close trades resulting in serious erosion of profit to the point of loss being recorded.
Spreads manipulated to the point where profitable trading is rendered almost impossible.
Is it me or do others have similar/opposite views?
- Ataye
- 2.00 star(s)
Little less than average
Poor connection and unhelpful rude people on the phone.
Poor response when attempting to close trades resulting in serious erosion of profit to the point of loss being recorded.
sometimes in volitile periods the platform can freeze or slowup.
Poor connection and unhelpful rude people on the phone.
Poor response when attempting to close trades resulting in serious erosion of profit to the point of loss being recorded.
sometimes in volitile periods the platform can freeze or slowup.
- karlcw
- 4.00 star(s)
I Like Finspreads
Having traded through Echelon at the beginning of my spread betting career I now use Finspreads.
I find their platform to be incredibly easy to use and also very comprehensive. They also give plenty of information to do with trades and a very useful chart facility.
I always found their customer service to be very efficient, even if not the most personable.
Having traded through Echelon at the beginning of my spread betting career I now use Finspreads.
I find their platform to be incredibly easy to use and also very comprehensive. They also give plenty of information to do with trades and a very useful chart facility.
I always found their customer service to be very efficient, even if not the most personable.
- Fast trader
- 3.00 star(s)
Prefer Tradefair
I prefer www.tradefair.com as the platform feels more advanced. They have automatic stops and you can tear off the deal ticket which you can't on finspreads. I have to say the finspreads education is first class though.
I prefer www.tradefair.com as the platform feels more advanced. They have automatic stops and you can tear off the deal ticket which you can't on finspreads. I have to say the finspreads education is first class though.