Financial Spreads review conducted by the team of ForexSQ.com for those who want to know all about the FinancialSpreads.com compnay. The FinancialSpreads is a site focusing in CFD on a variety of currencies, indices, stocks and commodities. Customers are delivered with commission free transactions as well as tight spreads and low margins. The site’s pricing, services and technology are provided by the London Capital Group. They are regulated by the FCA.
It also provides CFD trading and spread betting by means of a single type of account with fixed spreads and leverage equal to 1:200 on its exclusive trading platform.
Trading Platform
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It provides its domestic platform, presented as mobile and web versions. The platform is prepared with the best simple tools and features all trading platforms deliver, for example a choice for 1 or 2-click trading, Stop Loss orders and Guaranteed Stop to traders to protect their advanced charting package as well as downside.
By means of the new Financial Spreads Plus account, trading apps are presented therefore you can trade CFDs and spread bet by means of your tablet and mobile. The app is presented for the Android-based tablets and mobiles, iPhone, iPod touch and iPad.
Trading Market
It provides tight spreads of one point on a number of their daily rolling marketplaces and have also delighted account owners recently with a decrease in point size on the Wall Street rolling marketplaces. There are beyond 2500 marketplaces available for you to create commission free spread bets on, in the usual fields of indices, bonds, commodities, forex markets and interest rates.
Minimum Deposit
The Lowest stake size per trade is one unit of the currency of your account, thus if your account is denominated in Pound sterling, at that time the minimum stake for a spread bet on EUR/USD is £1 for each $0.0001.
Maximum Leverage
This stockbroker provides a maximum leverage ratio of 1:200. In contrast, CMC Markets provides leverage levels of equal to 1:500. If you essential greater leverage levels, there is a list of brokers providing leverage levels exceeding or equal to 1:500.
Spreads & Commissions
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It provides tight fixed spreads and commission-free trading, on EUR/USD it amount to 0.7 pips. This rate of trading is actually low, as we find maximum fixed-spread brokers provides spreads as a minimum of two pips on majors.
In contrast, foremost CFDs trading provider and UK spread betting provides variable spreads be around 0.9 pips and as well doesn’t charge any fees.
Payment Methods
At Financial Spreads the method of payment available to their customers are e-wallets, credit/debit card, Skrill and bank wire.
Pros
- Tight spreads
- FCA regulation
- Bonuses available
- Commission-free trading
Cons
- No auto trading options
- No choice of trading platform, no MT4
- Doesn’t have a license of its own
Financial Spreads Review Conclusion
Financial Spreads is a London’s spread betting and CFDs broker, providing an attractive trading situations. Though, its platform absences certain advanced features presented by Metatrader4.
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