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Compare Alternative Spread Betting Brokers

Broker FX Spreads (pips from) Index Spreads Features Markets Offered Active Clients More Info

IG

EURGBP:0.9
USDJPY:0.7
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
16,000+ 195,000 Visit IG

IG Reviews
CEO Interview

CMC Markets

EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.7pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000+ n/a Visit CMC

CMC Reviews

CEO Interview

Spreadex EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.7pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000 n/a Visit Spreadex

Spreadex Reviews

CEO Interview

City Index

EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.7pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
12,000 20,000 Visit City Index

City Index Reviews

Finspreads started operations in 1999 and after a few years was acquired by IFX, which was itself then acquired by City Index. Finspreads does, however, continue to operate under its own name.

Platforms

As with so many financial spread betting brokers, this UK spread betting broker only caters to Apple and Android users with their mobile platforms. Finspreads assure clients, ‘Our financial Advantage Web online trading platform and iPhone App have been designed to offer maximum stability and security’. Advantage web is their online browser-based trading platform.

Markets

Finspreads offer a wide range of financial spread betting markets which include; UK and international stocks, currencies, commodities, bonds and interest rates.

Features

Finspreads offer three types of account, the standard account and a limited risk one with guaranteed stops, (like Financial Spreads), but where they diverge from other financial spread betting brokers is in their third account, the beginner's account. This differs from a demo account in so much as this uses real money. Obviously, it is intended for investors who are new to spread betting, and as such, they have set an extremely low minimum here of  10p. This account can be used for eight weeks which will let you see how you manage, without spending too much, and is also a good place for more experienced traders to experiment with different styles. (Not all trades are available for this account). Elsewhere the minimum trade is the low sum of 50p with a minimum deposit in your account of £100.

There is also a wide variety of different markets to trade, (like Saxo) including all the FTSE 100 and FTSE 250 companies, Dow Jones and Nasdaq 100, stocks, indices, currencies, bonds, interest rates, commodities and much more.

Their spreads are generally 1 point, but they offer 0.8 pips on EUR/USD. This 1 point spread seems about average, although a spread betting brokers comparison reveals some brokers undercut this by saying they offer 0.2 less, meaning a trade on 0.8. At 1% their margins are low, and ‘powerful’ risk management tools are available to safeguard your investment.

Conclusion

Comparing spread betting brokers proves Finspreads is a good site for beginners to try out with real money, but without too much risk. There is no doubt a demo account is useful, but you are aware it is only virtual money, whereas this is your own hard earned cash – even if it is only pence. They provide guides and teaching experiences on the site and this included a ‘what type of trader are you’ section where various types of trading are explained in a clear and easy to understand manner.