Finspreads was established by sports spread betting experts Sporting Index back in 1999, and introduced online dealing in 2001. It was purchased by IFX Markets in 2006, which itself was subsequently bought by City Index. Although it retains its own name and identity separate to City Index, they are both part of the same group, City Index Holdings Ltd.
Finspreads offer some of the tightest spreads in the market, with 1 point on the FTSE 100, Wall Street, Germany 30 and France 40. And their forex spreads start from 0.8 pips on EUR/USD and from 1pip on GBP/USD.
With Finspreads you can trade 24 hours a day and have access to over 12,000 financial markets including shares, indices and currencies.
As a trader with Finspreads, you have a choice of account types which you can open. These will depend on your skill level and the amount of risk you are comfortable with. For example, if you were starting out, you could choose the Beginner´s account which allows you to build your spread betting confidence gradually, starting with low stake sizes from just 10p on a range of markets. Or if you have more experience, you could go ahead and open the standard account. This account gives you tight spreads on thousands of markets, including 1 point on indices and a range of risk management orders. Of if you would prefer a Limited Risk Account, then then you can open an account that allows you additional risk protection. This means that you can never lose more than the funds you already have in your spread betting account.
When you join Finspreads, you get access to their education package which aims to help you understand the financial markets and the mechanics behind spread betting. They offer tips and tools to help you manage your risk, learn about the type of trader you are, and then work on your new beginner account to get you started on your spread betting career. There are online seminars, analysis, and spread betting tips to help you continue to learn and improve.
Finspreads have won many awards over the years including awards for their spread betting trading services as well as trading platform innovation, solidifying their position as one of the world leaders in spread betting.