About the company
Finsa Europe Ltd, a CFD trading and spread betting brokerage organization based in the United Kingdom, was founded in 2007 and is regulated by the Financial Conduct Authority, under license number 525164. The broker is also a member of the Financial Services Compensation Scheme. For 30 currency pairings, 3 cryptocurrencies, 17 stock indices, 5 commodities, and a variety of UK, US, and European equities, the firm offers CFDs and spread betting.
A real-time pricing feed, risk management tools, watchlists, and account management features are all included in the broker website. There are also a variety of time frames, drawing options, overlays, and indicators like the MACD and Bollinger Bands to choose from. Short instructions for spread betting and CFD trading, as well as information on guaranteed stop losses and shifting markets, are available on the website. This network is also available as a mobile application that gives advanced traders simple and strong trading tools. Basic technical analysis tools, chart trading, and full account management are all included in the program.
Spreads and commissions for trading
EUR/USD spreads are about 0.7 pips, while EUR/GBP and USD/JPY spreads are around 0.8 pips. The spread on crude oil is 3 pips, whereas big indices like the FTSE 100 are at 4 pips.
Although commissions are included in the spreads, overnight financing fees apply to equity CFDs held overnight.
Major currency pairs have a maximum leverage of 1:30, smaller currencies have a maximum leverage of 1:20, and commodities have a maximum leverage of 1:10. The website’s information sheets detail the margin requirements for each instrument.
The organization accepts wire transfers, credit/debit cards, and internet payments for deposits and withdrawals. A minimum deposit of £250 is required. Unfortunately, as we observed in our assessment, the firm is not open about funding fees or processing periods.
The organization only has one existing account, that gives you access to all of the firm’s CFD and spread betting assets, as well as transaction charges that are bundled into stable spreads. To start an account, you must make a minimum deposit of £250. Traders can practice their spread and CFD trading skills in a demo account without spending any real money. A practice and qualifying account with £10,000 in virtual assets and accessibility to live values and graphs are available for 30 days.
The forex market operations begin at 10:05 p.m. UK time on Sunday and end at 10:00 p.m. UK time on Friday. The market timings for all other financial assets are published on the website.
Customer service can be reached by calling +44 (0) 203 475 4830 or sending an email to email@example.com. Most other brokers also provide a convenient and quick online chat service. The broker’s headquarters are at 30 Crown Place, London EC2A 4ES, United Kingdom, on the 9th floor.