Spread Co Review
Leverage: 1:30
Regulation: FCA
Min. Deposit: US$200
HQ: UK
Platforms: Web Platform, Mobile Apps
Found in: 2006
Spread Co Licenses
Spread Co Limited - authorized by FCA (UK) registration no. 446677
Leverage: 1:30
Regulation: FCA
Min. Deposit: US$200
HQ: UK
Platforms: Web Platform, Mobile Apps
Found in: 2006
Spread Co Licenses
Spread Co Limited - authorized by FCA (UK) registration no. 446677
Spread Co, founded in 2006, is a London-based online trading provider that gives access to trade spread betting, CFD and Forex through currencies, equities, indices, and commodities. Among other offerings, Spread Co has competitive tight, fixed spreads with low commissions and charges that keep the cost of trading lower while maximizing potential gain.
All trading processes at Spread Co are packed with great technology and fixed spread strategy, allowing to take control over the trading by calculating an exact expanse along with safe knowledge about the charges.
Spread Co provides easy digital account opening, it is a trusted broker and there are good trading conditions with tight fixed spreads and a selection of platforms. There are various options to deposit or withdraw funds, education section is good with trading videos and news.
On the flip side trading instruments are limited to Forex and CFDs, fees for Stock CFDs are higher, and there is no 24/7 support.
Advantages | Disadvantages |
---|---|
Competitive trading conditions | Additional non-trading fees |
24/7 support | Small Range of Market Instruments |
Tight Spreads |
🏢 Headquarters | UK |
🗺️ Regulation | FCA |
🖥 Platforms | Web Platform, Mobile Apps |
📉 Instruments | CFD and Forex through equities, indices, currencies and commodities |
💰 EUR/USD Spread | 0.8 pips |
🎮 Demo Account | Provided |
💳 Minimum deposit | $200 |
💰 Base currencies | USD, GBP, EUR |
📚 Education | Dedicated relationship managers and education |
☎ Customer Support | 24/5 |
Based on our Expert finds, Spread Co is considered a reliable broker with good trading conditions for Forex, CFD and Spread Betting trading and good service with good quality education overall. However, we find the selection of instruments insufficient, lacking some of the major market instruments, as well as a desktop platform which would allow the full trading capacity.
Ranking | Spread Co | IG | Pepperstone |
---|---|---|---|
Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
Advantages | Low Spreads | High Leverage | Wide Range of Instruments |
We find Spread Co a highly reliable broker with good trading conditions and spreads lower than the industry average; however, it has a few drawbacks. Spread Co has a limited range of trading instruments and all are offered on a CFD basis mainly. Also, being regulated only by FCA, it offers low leverage up to 1:30.
See alternative broker detailed reviews:
Our experts find Spread Co a reliable broker, it provides low-risk Forex and CFD trading since Spread Co is registered in the UK is is respectively regulated by the local regulator FCA.
Spread Co’s is a UK trading platform using the latest online security features, also all credits of Live Spread Co accounts are held by a top-tier bank in segregated accounts as per Spread Co regulation by the UK Financial Conduct Authority, read more Why trade with FCA brokers by the link.
All funds are managed in accordance with their sharp rules and require 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.
See our conclusion on Spread Co Reliability:
Spread Co Strong Points | Spread Co Weak Points |
---|---|
Top-tier FCA regulated | None |
Compensation Scheme | |
Good customer Protection |
Leverage levels offered by Spread Co do depend on the regulatory requirement you trading with and the brokerage operates. This applies due to various safety measures applied to eliminate the risks involved while trading, specifically for retail traders.
Being a UK brokerage the set of rules established by authority and allows lower leverage levels based on the instrument:
There is no choice of account types at Spread Co, but you can choose two settings defining which trading style you will use, which goes to a choice between spread betting and CFD account. To submit an account with Spread Co you have to process an application form with the requirement to submit some personal details and information about the trading experience, which we had a smooth opening on our test.
Firstly account will be defined as a Demo one, and once funds are deposited it will be transferred to the Live status and you can start trading immediately.
Pros | Cons |
---|---|
Tight Spreads | No choice of account types |
No Minimum Commission Charges | Poor Instrument range |
Additional fees | |
Spread Co offers a decent range of trading instruments in some of the most popular markets including indices, global equities, currencies, and commodities such as crude oil and precious metals. The broker allows speculating via CFD or Spread Betting. The broker, however, lacks some other markets like stocks, futures, bonds, etc. Also, the broker doesn’t provide cryptocurrency trading since UK’s FCA imposed a ban on decentralized digital currencies in 2021.
Spread Co fees are built into a spread, additional fees like funding fees or others should be also considered, see the fee table below. Also, always consider rollover or overnight fee as a cost, which is about -2% for short positions held longer than a day.
Fees | Spread Co Fee | Alapri Spread | XM Spread |
---|---|---|---|
Deposit fee | No | No | No |
Withdrawal fee | No | No | No |
Inactivity fee | Yes | Yes | Yes |
Fee ranking | Low | Low | Average |
The Spread Co spread is 0.8 for spread bets in the FTSE 100 and US DJIA Index along with EUR/USD pair. In addition, you may benefit from 0% financing on short index and equity positions, also apply for 2% interest on cash balances in spread betting accounts (Check out spread betting companies) with a minimum of 10,000 GBP in the account.
For instance, see below the comparison of some popular instruments and Spread Co Spread, as well as compare fees to other popular brokers.
Asset | Spread Co Spread | Alapri Spread | XM Spread |
---|---|---|---|
EUR USD Spread | 0.8 pips | 1.1 pips | 1.6 pips |
Crude Oil WTI Spread | 4 pips | 1 pips | 5 pips |
Gold Spread | 4 | 4 | 35 |
In order to start Live trading, of course, you should deposit an initial requirement to start, which is set at a quite competitive level by Spread Co. Funding an account is an easy process done by the personal account management area, which takes only a few minutes and includes various payment methods Credit, Debit Cards, and Bank Transfers.
Here are some good and negative points on Spread Co funding methods found:
Spread Co Advantages | Spread Co Disadvantages |
---|---|
Instant Funding | Doesn't Accept E-Wallet Payments |
0 deposit fee |
Spread Co minimum deposit amount is 200GBP for Spread betting accounts and for CFD accounts is 250GBP.
Spread Co minimum deposit vs other brokers
Spread Co | Most Other Brokers | |
Minimum Deposit | GBP200 | $500 |
The broker does not charge any additional fees for deposits, however, the payment provider may treat the deposits as a cash advance and hence will add extra fees, which require your check on the issue. The withdrawal company policy states that withdrawals must go back to the original source and may be performed by any of the abovementioned methods, while the minimum withdrawal is allowed by 50GBP.
Spread Co offers easy-to-use platforms that allow monitoring and trading positions wherever the client is. All platforms are developed for optimum performance over the thousands of equities, indices, commodities and FX pairs.
Spread Co Platform is a proprietary software a Web-based Platform that requires no download and letting to customize all trading experiences 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.
Platforms | Spread Co Platforms | XM Platforms | AvaTrade Platforms |
---|---|---|---|
MT4 | No | Yes | Yes |
MT5 | No | Yes | No |
Own Platform | Yes | Yes | Yes |
Mobile Platform | Yes | Yes | Yes |
Mobile App as an essential tool remains at your availability also, which lets to stay updated at all times with almost the same powerful features as a web platform. While Spread Co charts that are powered by TradingView Inc. integrate a confidential place to trade with a comprehensive suite of analysis tools.
And of course, to make the trading process a pleasant one, you should know platforms fluently as well to count on the power of tools and necessary data. For that reason, the broker provides news, data and guides, which cover global markets and keep you up to date.
Yes, the broker does allow hedging. You can place trades directly from the chart using brokers risk management features like hedging to go long or short on assets. You can practice hedging strategy through their demo account.
Spread Co provides client support through relationship managers that provide assistance, as well providing education. The broker provides educational library with multiple guides and video updates along with the market overview, platform tours, news and economic calendars.
In this Spread Co review, we conclude that for over a decade of experience and Spread Co has proven itself as a well-established UK broker, the offering includes a wide range of trading instruments through CFDs with a fixed spread only. This strategy keeps an easy mind while you will understand expenses at any time clearly.
However, the main cons may be that broker does not offer popular MT4 and MT5 platforms, which is demanding among the traders, yet the proprietary platform is quite powerful, as well as the lack of alternative trading markets.
Based on Our findings and Financial Expert Opinion Spread Co is Good for:
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