Fins have from today increased spreads by a factor of 3 on certain stocks.

When questioned as to why they have done this they are saying they do not want this business, it is not attractive to them i.e. they lose money and the punters win!

This is an absolute disgrace.

I only trade a couple of stocks this this account (which is quite small) but this just goes to prove that even if you can get past the constant sh*t they throw at you and make a profit they f*** you by hammering the spread.

Direct access will drive these crooks out of business and they only have themselves to blame. I always thought FINS were a bit different but no, true colours. This puts them on a par with the other biggest crook IG.

Avoid.

Spreadbet firms are ok as long as u know what u are getting into. Day trading sounds great but after costs/spreads etc is it that profitable ?? Some people obviously think so, but most will lose their capital/shirts over time. SB firms work if u don't trade all day long or only do a couple of trades a day.
Day traders just play into any brokers hands whether it's a sb firm, a CFD broker or an old school stockbroker. If a sb firm doesn't take a commission they've got to make their money either from crossing the spread all day long or taking on punters positions - why else would they be in business ?? Don't trade all day long => don't pay away spreads all day long => more money made over time - No ??