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/10

Finspreads

United Kingdom United Kingdom | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.finspreads.com/

Website

Rating Index

Contact

020 3194 1802
http://www.finspreads.com/

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
GAIN Capital UK Ltd.
Contact Number
020 3194 1802
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • finspreads.com
    213.152.236.239
    Server Location
    United Kingdom United Kingdom
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    1998-10-27
    Website Name
    WHOIS.ASCIO.COM
    Company
    ASCIO TECHNOLOGIES, INC. DANMARK - FILIAL AF ASCIO TECHNOLOGIES, INC. USA

Company Profile

Company Profile

Review summary

BASIC INFORMATION:

Finspreads is a UK spread betting broker offering a variety of assets, including currency pairs and commodities. Finspreads was founded in 1999 and was the first provider of spread betting via a browser-based platform. In 2006, Finspreads was acquired by City Index Ltd and in 2015, City Index was acquired by GAIN Capital Holdings, Inc, one of the global leaders in online trading. Theres also a range of markets to trade, including currencies, commodities, indices and shares.

MARKETS

Theres a good choice of markets available at Finspreads, including major, minor and exotic forex pairs, large indices, commodities and precious metals, plus UK, EU, US and Asian shares. The broker also offers Day Trades, a selection of 15 popular stocks, such as BP and Tesco, which traders can spread bet with no overnight risk.

SPREADS & COMMISSIONS

Finspreads offers competitive variable spreads starting from 0.5 pips for EUR/USD and USD/JPY and 0.8 pips for GBP/USD. Spreads start from 0.4 points for the S&P 500 and 4 points for US crude oil.

Other fees may include a monthly inactivity fee of £25, which is charged on accounts left dormant for a period of 12 months or more. There may also be daily holding costs charged each night a position is held.

LEVERAGE

Finspreads offers low margins from 1% in order to open a position. The broker also uses a Step Margin feature, where the amount of initial margin per trade may increase depending on the trade size. This has allowed the broker to reduce margin rates by an average of 48% over the last few years.

ACCOUNT TYPES

Traders get a choice of 3 account types at Finspreads, for those who are new to spread betting, those who want to limit their risk, and those who are experienced in spread betting.

The Beginners Account allows a minimum stake size from 10p and provides access to indices, commodities and currencies. Note that you can lose more than your initial deposit with this account. The minimum deposit is £50.

The Limited Risk Account offers minimum stake sizes from 50p and offers all available assets, including Day Trades and shares. GSLO is also enforced on all trades and traders cannot lose more than their initial deposit. The minimum initial deposit is £100.

The Standard Account, for experienced spread bettors, also offers a minimum stake size of 50p and all available assets. Traders can lose more than their initial deposit. The minimum deposit is £100

PAYMENT METHODS

Deposits

You can fund your account using debit/credit cards including Visa, Mastercard and Maestro, as well as direct bank transfer. There are no charges for depositing via debit card, however there is a 1.5% processing fee for credit cards. Your bank may also charge their own fees for transfers.

Withdrawals

Withdrawals should be returned via the original funding source wherever possible. In some cases where credit cards are not accepted (i.e., if they are issued in a restricted country) the broker will arrange for funds to be returned to your bank account. The minimum withdrawal amount is £50 (or currency equivalent); the maximum is £20,000 (or currency equivalent).

TRADING PLATFORMS

Web Trading Platform

ACCEPTED COUNTRIES

Finspreads accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

TRADING HOURS

You can trade with Finspreads 24 hours a day, but dealing times for individual markets will vary.

CUSTOMER SUPPORT

Help is available Monday to Friday, from 9am to 6pm, UK time, via:

· Email – enquiries@finspreads.com

· Live chat – Located at the top of the website page

· Telephone – 020 3194 1802 (local) or +44 (0) 8000 96 96 20 (international)

· Postal address – Park House, 16 Finsbury Circus, London EC2M 7EB, United Kingdom

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with Finspreads?

Finspreads holds an 'Unverified' status with the UK Financial Conduct Authority for its claimed license 113942. This indicates a lack of confirmed regulatory oversight. The entity's overall risk assessment score is 1.53.

04-02
United States

Is Finspreads regulated?

Finspreads, operating as GAIN Capital UK Ltd., claims a regulatory link to the UK FCA. However, this license status is listed as 'Unverified'. The broker operates without confirmed, mainstream regulatory authorization.

04-02
United States

Where is Finspreads registered?

Finspreads is registered in the United Kingdom under the entity GAIN Capital UK Ltd. and has been operating for 5-10 years.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States
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