1. Is Spread Co safe or a scam?
  2. Spread Co Pros and Cons
  3. Leverage
  4. Trading Fees
  5. Instruments
  6. Spread
  7. Deposits and Withdrawals
  8. Trading Platform
  9. Conclusion

Our Review Method

  • Our financial experts at 55Brokers with over 10 years of experience in Forex Trading have reviewed the broker’s offerings, fees, platforms, verified licenses and safety, also contacted customer service and placed trades to evaluate trading conditions to give an expert opinion on Spread Co

What is Spread CO?

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 Pros and Cons

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.

AdvantagesDisadvantages
Competitive trading conditionsAdditional non-trading fees
24/7 supportSmall Range of Market Instruments
Tight Spreads

Spread Co Review Summary in 10 Points
🏢 HeadquartersUK
🗺️ RegulationFCA
🖥 PlatformsWeb Platform, Mobile Apps
📉 InstrumentsCFD and Forex through equities, indices, currencies and commodities
💰 EUR/USD Spread0.8 pips
🎮 Demo AccountProvided
💳 Minimum deposit$200
💰 Base currenciesUSD, GBP, EUR
📚 EducationDedicated relationship managers and education
☎ Customer Support24/5

Overall Spread Co Ranking

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.

  • Spread Co Overall Ranking is 7 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingSpread CoIGPepperstone
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesLow SpreadsHigh LeverageWide Range of Instruments

Spread Co Alternative Brokers

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:

  • IG – Good Conditions for High Leverage Trading
  • Pepperstone – Wide Range of Trading Instruments with Good Conditions
  • FP Markets – Excellent for Futures Trading

Is Spread Co safe or scam?

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.

Is Spread Co regulated?

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:

  • Our Ranked Spread Co Trust Score is 8 out 0f 10 for good reputation and excellent service over the years.
Spread Co Strong PointsSpread Co Weak Points
Top-tier FCA regulated None
Compensation Scheme
Good customer Protection

Spread Co

Spread Co Leverage

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:

  • up to 1:30 for Forex instruments, 1:20 for minor currency pairs
  • 1:10 for Commodities

Account types

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.

ProsCons
Tight SpreadsNo choice of account types
No Minimum Commission ChargesPoor Instrument range
Additional fees

Spread Co Account Types

Spread Co Instruments

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 Range Score is 8 out 0f 10 for good trading instrument selection, however, the range of markets might seem insufficient and not suitable for some traders.

Fees

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.

  • Spread Co Fees are ranked average, low with an overall rating of 8 out of 10 based on our testing and compared to over 500 other brokers. Fees are built into spreads, also the majority of currency pairs are on a lower level for spreads. However, additional fees like funding fees and rollover should be taken into account.
FeesSpread Co FeeAlapri SpreadXM Spread
Deposit feeNoNoNo
Withdrawal feeNoNoNo
Inactivity feeYesYesYes
Fee rankingLowLowAverage

Spread CO Spreads

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.

  • Our experts ranked Spread Co spreads with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average with only 0.8 pips for EURUSD
AssetSpread Co SpreadAlapri SpreadXM Spread
EUR USD Spread0.8 pips1.1 pips1.6 pips
Crude Oil WTI Spread4 pips1 pips5 pips
Gold Spread4435

Spread Co spread

Deposits and Withdrawals

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.

  • We ranked Spread Co Funding Methods Good with an overall rating of 8 out of 10. Fees are either none or very small, however, the broker accepts only funding via Credit/Debit Cards and Bank Transfers and doesn’t accept payments via e-wallets.

Here are some good and negative points on Spread Co funding methods found:

Spread Co AdvantagesSpread Co Disadvantages
Instant FundingDoesn't Accept E-Wallet Payments
0 deposit fee

Minimum deposit

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

Withdrawal

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 funding methods

Trading Platforms

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.

  • Spread Platforms are ranked Good with an overall rating of 7 out of 10 compared to over 500 other brokers. We mark it as a good user-friendly platform, however, it doesn’t provide a desktop version of the platform, which is a major drawback, since the desktop provides full capacity for trading. Also, the broker doesn’t offer any alternative third-party platforms like  industry-leading MT4 or MT5
PlatformsSpread Co PlatformsXM PlatformsAvaTrade Platforms
MT4NoYesYes
MT5NoYesNo
Own PlatformYesYesYes
Mobile PlatformYesYesYes

Mobile Platform

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.

Spread Co platform

Does the Spread Co trading platform allow hedging?

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.

Education

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.

  • Spread Co Education ranked with an overall rating of 8 out of 10 based on our research. Spread Co provides great Education Materials with high-quality videos, guides, and other tools

Spread Co Education

Spread Co Review Conclusion

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:

  • Beginning Traders
  • Experienced Traders
  • Currency Trading and CFD Trading
  • Tight Spread Trading
  • Spread Betting

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