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/10

Finspreads

United Kingdom United Kingdom | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | 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
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • finspreads.com
    213.152.236.239
    Server Location
    United Kingdom United Kingdom
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    1998-10-27
    Website
    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

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • 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.

Three days ago
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.

Three days ago
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.

Three days ago
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.

Three days ago
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.

Three days ago
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

Three days ago
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.

Three days ago
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

Three days ago
United States
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