Financial Spreads Review
- April 20, 2017
- By: Spread betting reviewer
- 1 Comment
User Rating:Updated on: April 20, 2017
|Spreads From||Leverage||Trade Min.||Account Min.||Loyalty Programme||Mobile Trading||Special Offers|
Financial Spreads – Get Daily Market Commentary
Financial Spreads is a trading platform for those wanting to engage in spread betting. The London Capital Group provides the site’s pricing, technology and services. They are regulated by the FCA.
Financial Spreads offer tight spreads of 1 point on a number of their daily rolling markets and have also delighted account holders recently with a reduction in point size on the Wall Street rolling markets. There are more than 2500 markets available for you to make commission free spread bets on, within the usual fields of bonds, indices, interest rates, forex markets and commodities.
Spread Betting Platforms
The platform is entirely web based with no downloads necessary. There currently are no mobile platform applications available. You may be able to access the site via your phone’s browser, but functionality could be limited. So be aware that trading away from your computer might be difficult.
The tight spread opportunities will no doubt delight experienced and novice spread betters alike, but that’s not all that the site can offer. The ‘tear-off’ functionality of the site allows users to really customise how they interact with the market. You can have all manner of screens open at once, so you can feel as comfortable s possible knowing you have all the information you need in front of you at any given time. There are also a number of other customisations that can be taken advantage of with a Financial Spreads account. You can sign up to receive email alerts to inform you of user defined market events, you can choose to view charts with timeline that vary from as little as two hours to a month, for more in depth analysis and you can fully customise the price display options if you are working within a number of currencies. A wealth of research data is also available to inform your choices.
- The low initial deposit requirements.
- Daily financial market commentary.
- Market Squawk analysis.
- Minimal training material.
- The site itself looks dated and could do with a revamp.
- Current special offers.
The low initial £30 deposit required on this site is a breath of fresh air within an industry where £100 is made to feel cheap. I’m sure this pricing method has persuaded a number of novice spread betters to open an account. The ability to close trades whenever you want to is also fantastic. No longer being required to close trades dependent on their age is refreshing. However, being unable to trade during the weekend is a particular low to the platform, and numerous traders would surely like to pursue their spread betting on their time off from work. As it stands the site appears unfinished and unexciting.
80% of retail investor accounts lose money when trading these products with Financial Spreads. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
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