Finspreads

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 ?

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

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.

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.