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Suspicious Clone
Score
1.53 /10
Danger
Financial Spreads
5-10 yearsSuspicious Regulatory License
High potential risk
Influence
D
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index7.16
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
4
Previous Detection :
2024-09-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
WikiFX Verification
BASIC INFORMATION:
Financial Spreads is a trading name of Finsa Europe Ltd, which launched in 2007 as a CFD trading and spread betting brokerage. Financial Spreads is not subject to any regulation.
MARKETS
Financial Spreads offers CFD and spread betting products across 30 forex pairs, 3 cryptocurrencies, 17 stock market indices on future and rolling cash contracts, 5 commodities, plus a variety of UK, US and European shares.
MINIMUM DEPOSIT
Financial Spreads offers only one account type, which provides access to all available CFD and spread betting assets, with trading costs rolled into the fixed spreads. The minimum initial deposit to open an account is £250.
TRADING FEES
Spreads are around 0.7 pips for EUR/USD and 0.8 pips for EUR/GBP and USD/JPY. Crude oil spreads are 3 points, whilst major indices such as FTSE 100 are around 4 points.
Commissions are incorporated into spreads, but there is a cost to holding equity CFDs overnight, known as an overnight financing charge.
LEVERAGE
The maximum leverage available is 1:30 on major currency pairs, 1:20 for minor currencies and 1:10 for commodities.
PAYMENT METHODS
Financial Spreads offers deposits and withdrawals via bank transfer, credit/debit cards and online payments. The minimum deposit is £250.
TRADING PLATFORMS
The platform includes a live price feed, risk management tools, watchlists, plus P&L and account management tools. Theres also a broad range of time intervals, drawing options including Fibonacci Arcs, plus overlays and indicators such as MACD and Bollinger Bands.
ACCEPTED COUNTRIES
Financial Spreads accepts traders from Australia, Thailand, Canada, 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.
Traders cannot use Financial Spreads from United States.
TRADING HOURS
Forex trading sessions open at 22:05 on Sunday and close at 22:00 on Friday, UK time.
CUSTOMER SUPPORT
Financial spreads only offer customer support via telephone, at +44 (0) 203 475 4830, or via email, at enquiries@finsaeurope.com.
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