The UK-based spread betting and CFDs broker Financial Spreads announced it reopens for business after more than six months’ voluntary suspension of activities. Back in July 2015 the broker made public it had to stop operating as a trading name of financial services solutions provider Finsa Europe Ltd. The decision was made after Finsa reviewed its trading name business model and concluded it had to change it under more stringent regulation.
Financial Spreads decided to continue its business partnership with Finsa and the new relationship was approved by UK’s Financial Conduct Authority (FCA) in September 2015. Commenting on the summer developments, the founder of Financial Spreads Adam Jepsen said that even though its customers had never filed a complaint with the regulatory organs, the broker had to comply with the decision of the parent company. “Telling clients who were trading day-in day-out with Financial Spreads that we could not take any new trades was very difficult but it was also incredibly inconvenient for our clients,” Jepsen said. “All we could do to help clients was to ensure the swift return of their funds.”
Now Financial Spreads has resumed its business activities as a trading name of Clear Investor Ltd. – an appointed representative of Finsa Europe Ltd. It has overhauled and upgraded its platform by adding new advanced charts, new pricing engine for faster transactions and several other improvements, such as netted margin when trades are hedged.
Financial Spreads’ clients spread bet on forex, stock indices, commodities markets and individual shares listed in the UK, US and Europe. They can also trade in CFDs. The trading platforms are a wide range of mobile applications and through the website of Financial Spreads.