Written on: 10/05/2011
Avoid at all costs.
I have been a spreadbetter for several years and my view is that Finspreads is way below par for an acceptable experience!
Platform instability and log-on in busy periods is a norm. But the real disgrace is their treatment of dividends.
Finspreads policy is to treat an investment as not having any rights to dividends and consequently mark down your bet and scoop the rewards for themselves. Contrast this treatment with other spreadbetters and you will realise that you are... (read more)
Written on: 29/04/2011
Platform unstable - frequent drop-outs, freezing of platform (especially when in profit thus preventing taking the win or during times of peak activity, preventing you making easy trades. And they will deny it is happening, even when presented with evidence. Avoid. (read more)
Written on: 10/01/2011
I've been using FinSpreads for several years now and may say that they are one of the more reliable spread betting companies out there. While I had various issues with them in the past, I can't say that they are much worse than the top dogs, and compared with the rest of the pack are rated at the top for their spreads, margins and range of instruments. With stop and limit orders placed at the right time, you won't have problems closing positions. Execution side of the business is good -... (read more)
Written on: 11/10/2010
I am a professional Forex trader & my advice is to avoid this broker unless you want to lose money. This broker uses all the dirty tricks in the book to take your money; interface freezes so positions are locked while in profit so unable to close & then unfreeze when in loss, prices on the dashboard do not match the charts, price spikes knock out stops that are not on superior charting packages or on superior brokers, etc, etc, ect. (read more)
Written on: 08/07/2010
Finspreads is brilliant - if you like losing money! Sure they give you £100 but it will quickly go. Over a year I had problems with:
1) Getting in and out of markets as their computer system would not give me access.
2) Positions closed as I "didn't have enough margin"
3) Getting bumped out of trades after intra-day spikes that seemed to have been manufactured to close out people's positions automatically.
4) Rolling spreads that were closed out at day end creating losses.
You are... (read more)
Written on: 08/05/2010
I've been using Finspreads for a couple of years, and although their platform is good and margins are tight (especially recently - e.g. 1pt spread on FTSE rolling spread), they are SADLY let down by instability of their servers. I'd say that about 90% of the time it's fine, but if you make several trades a day and usually have the graph sitting on your screen all day it really isn't up to scratch. The platform regularly disconnects - for anything from a few seconds to many minutes - and... (read more)
Written on: 10/12/2009
For ease of use, and a straight forward platform finspreads would win hands down in my opinion.
The problem is trying to log on.
Their site is almost impossible to get onto, and when you do manage to log on after a while the whole thing just stops working, you need to log out and log back in to get it to refresh, and yes you guessed it.... it doesn't let you back in.
It has taken me over an hour to get back onto their site when it freezes up, and the market wont wait for you.
It is a real... (read more)
Written on: 24/12/2008
I first opened the account as I saw I could start with small bets. I have been spread betting around 2 years after buying Making Money From Financial Spread Trading by Vince Stanzione. Had some ups and down but glad to say mainly up thanks to the great support I get. (read more)
Written on: 08/09/2008 by arhus (1 review written)
Slow platform, click few times before anything works. Tic charts will not come on, when on they stop working. Open positions one or more prices will stop moving. Unhelpful staff. Nasty waiting ring tone.
I have terrible experience with this co.
I would not recommend to anybody. (read more)
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