Financial Spreads Review 2024
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| Financial Spreads is a UK-regulated broker offering spread betting and CFDs. | ||
Financial Spreads is broker that gives traders access to Spread betting, CFDs. Surprisingly, Financial Spreads does not support either of the enormously popular MetaTrader 4 and MetaTrader 5 platforms.
In terms of features offered to traders, Financial Spreads has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.
Financial Spreads also gives traders access to 3 cryptocurrencies: BTC, XRP and ETH.
Financial Spreads is regulated by the FCA here in the UK. The FCA is known to be a strong and dependable regulator, which should reassure traders that their funds are safe.
Financial Spreads Summary
Financial Spreads is a UK-regulated broker offering spread betting and CFDs.
Financial Spreads is #91 in our rankings of CFD brokers.
Ratings
| Bonus | None |
|---|---|
| Instruments | Spread betting, CFDs |
| Demo Account | ✓ Yes |
| Min. Deposit | £250 |
| Min. Trade | 0.01 Lots |
| Regulated By | FCA |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | yes |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
| Commodities |
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CFD Trading
Buy and sell leveraged CFD contracts at Financial Spreads.
| Leverage | 1:30 |
|---|---|
| FTSE Spread | 0.8 |
| GBPUSD Spread | 0.9 |
| Oil Spread | 3 |
| Stocks Spread | variable |
Forex Trading
Financial Spreads offers forex trading with 1:30 leverage.
| GBPUSD Spread | 0.9 |
|---|---|
| EURUSD Spread | 0.7 |
| EURGBP Spread | 0.8 |
| Assets | 30+ |
Cryptocurrency Trading
Trade three leading cryptocurrency coins.
| Spread | From 1 pip |
|---|---|
| Coins | BTC, XRP, ETH |
Payment Methods
Financial Spreads accepts the following payment methods:
FAQ
Is Financial Spreads Safe?
Yes, most likely, as we gave Financial Spreads a trust score of 70% in our review. The main positive factor in this score is that Financial Spreads is regulated by our own FCA here in the UK. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Financial Spreads Accept PayPal?
No, Financial Spreads does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.
Is Financial Spreads Halal?
Probably not, as Financial Spreads does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is Financial Spreads Regulated in the UK?
Yes, Financial Spreads is regulated by the FCA here in the UK.
Is Financial Spreads Regulated?
Yes, Financial Spreads is regulated by FCA. Being regulated by the FCA is the best possible case for UK traders.
Top 3 Financial Spreads Alternatives
These brokers are the most similar to Financial Spreads:
- IG Index - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.
- Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
Financial Spreads Feature Comparison
| Financial Spreads | IG Index | Pepperstone | Swissquote | |
|---|---|---|---|---|
| Rating | - | 4.7 | 4.8 | 4 |
| Markets | Spread betting, CFDs | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) |
| Minimum Deposit | £250 | $0 | $0 | $1000 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | Yes | Yes | Yes | Yes |
| Regulators | FCA | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | FCA, FINMA, DFSA, SFC, AFM |
| Bonus | - | - | - | - |
| Education | No | Yes | Yes | No |
| Platforms | - | MT4 | MT4, MT5, cTrader | MT4, MT5 |
| Leverage | 1:30 | 1:30 (Retail), 1:222 (Pro) | 1:30 (Retail), 1:500 (Pro) | 1:30 |
| Visit | 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
75.1% of retail investor accounts lose money when trading CFDs |
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| Review | Financial Spreads Review |
IG Index Review |
Pepperstone Review |
Swissquote Review |
Trading Instruments Comparison
| Financial Spreads | IG Index | Pepperstone | Swissquote | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | No |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | Yes | Yes | No |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | No | Yes | No |
| Futures | Yes | Yes | No | Yes |
| Options | No | Yes | No | Yes |
| ETFs | No | Yes | Yes | Yes |
| Bonds | No | Yes | No | Yes |
| Warrants | No | Yes | No | No |
| Spreadbetting | Yes | Yes | Yes | No |
| Volatility Index | No | Yes | Yes | No |
Financial Spreads vs Other Brokers
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| Financial Spreads is a UK-regulated broker offering spread betting and CFDs. | ||