Spread Co is the London based online trading provider with access to spread betting, CFD and Forex through equities, indices, currencies, including Bitcoin, and commodities. The company that was founded in 2006 has been proven one of the most competitive tight, fixed spreads, low commissions and charges that keeps the cost of trading lower while maximizing potential gains.
All trading process at Spread Co packed with great technology and by fixed spread strategy, means every client can take control over the trading by calculating an exact expanse along with a safe knowledge about the charges. The start spread is 0.8 for spread bets in the FTSE 100 and US DJIA Index and EUR/USD pair, through offering leverage up to 1:200. In addition, every client benefit from 0% financing on short index and equity positions, also can enjoy 2% interest on cash balances in spread betting account with the minimum of 10,000 GBP in the account.
Furthermore, the company pays a great attention to the client’s support through dedicated relationship managers that provide assistance, as well with educational purpose. Whenever a client needs any help or attention, broker’s staff always ready to assist. An educational library provides guides and video updates along with the market overview, platform tours, news and economic calendar that brings necessary information to the traders from the scratch.
Licenses, Regulations & Security of funds:
The security is important to all clients, that’s why while choosing the company it should be in a serious consideration to take a reliable broker.
Spread Co’s trading platforms use the latest online security features, also all credits of Live Spread Co account are held by a top tier bank in segregated accounts as per Spread Co regulation by the UK Financial Conduct Authority. All funds are managed in accordance with their rules and requires numerous following restrictions and reporting. Also, when you deal with an FCA regulated firm you can also use the services of the Financial Services Compensation Scheme and the Financial Ombudsman Service if you have a complaint.
Trading Platforms and Tools:
Spread Co offers easy to use platforms that allows to monitor and trade positions wherever the client is. All platforms developed for optimum performance over the thousands of equities, indices, commodities and FX pairs. All platforms are connected and updated, hence featuring the simultaneous update on any device.
– Web based Platform requires no download and letting to customize all trading experience through popular features and the most useful ones. Both experienced and novice to trading will find comfortable conditions to trade, while professionals can use the tiled window that gives an array of information in one place.
– Mobile App is an essential tool now, which lets to stay updated at all times. The application features almost the same powerful features as a web platform, along with live chats and quick access to the account and is suitable for any type of device.
To make the trading process a pleasant one, every client should know platforms fluently as well to count on tools and necessary data. For that reason, the broker provides news, data and guides, which covers global markets and keeps trader up to date. Spread CO charts that are powered by TradingView Inc. integrates a confidential place to trade with a comprehensive suite of analysis tools.
To submit an account with Spread Co the client has to process an application form with the requirement to submit some personal details and information about the trading experience. Firstly account will be defined as a Demo one, once funds are deposited it will be transferred to the Live status and you can start trading immediately. A demo account lets to practice trading on a selection of markets and experience the broker’s platform and is a good solution for the beginners.
The market range includes the most tradable instruments along with spread betting which is a tax-free trading for UK residents only. The Forex or CFDs trading advanced through risk control options that let to limit exposure to market volatility, as well a good way to diversify the portfolio is commodities trading that including precious metals such as gold and silver, US Crude Oil futures through competitive margins from 80 GBP on Spot Gold. Cryptocurrency trading offers a Bitcoin Futures with leverage x5, without capital gains tax and with all benefits offered by the company.
Deposits and Withdrawals:
In order to start Live trading client should deposit an initial requirement to start, which is 500 GBP. Funding an account is a straightforward process, which takes only a few minutes and includes various payment methods Credit and Debit Cards, Bank Transfers and e-payment Skrill. The company does not charge any additional fees for deposits, however the payment provider may treat the deposits as a cash advance hence will add extra fees. Also, minimum deposit via Skrill is 200 GBP and is eligible to 1% withdrawal fee. The withdrawal company policy states that withdrawals must go back to the original source and may be performed by any of abovementioned methods.
The Spread Co review introduces a company, which has over a decade experience and is a quite know broker within the UK, as well abroad. The company is regulated by one of the strictest authorities FCA that gives a trust to Spread Co operation and client’s investments. The general company offering includes a wide range of trading instruments through CFDs with an increased portfolio by demanded Bitcoin trade, that is offered with fixed spread only. That strategy keeps an easy mind while trader understands its expenses at any times. However, the company does not offer a popular MT4 as a platform, which is demanding among the traders, yet brings a proprietary platform that is quite powerful and easy to use.