Finspreads and Spot Fx

[stevejhunt]

Has anyone got recent experience of using Finspreads to trade spot FX ?
I just noticed that they've recently reintroduced this as an internet option.
They only allowed telephone trading for a long while .... apparently because they got
spanked - not updating their prices quickly enough, when they did accept internet orders.

 

[andrewmooton]

i've not tried it personally and I was considering closing my account with them and giving deal4free or capitals a go as i'd prefer not to have to talk to anyone when I do my trades.

Sorry I cant help but thanks for the info.

 

[stevejhunt]

O.K. - I plan to try a few test trades over the next couple of weeks. I'll report back.
I don't believe you can place 'entry orders' over the internet - so if you want to do this, you will have to
speak to someone.
Will be interesting to see how they match up against specialist spot forex brokers.
I'm only interested in very liquid markets : EUR/USD and GBP/USD. So, we shall see ...
My thinking is that this could be a useful way to go, to catch a decent move - say trading off a 30m or 60m
chart - so the 5 pip spread on the EUR/USD won't mean much.
Apparently Oanda offer 1.8 and most others 3. Doesn't matter much if you nail a 25 - 35 point move.