Among the thousands of brokers and trading offering, it stands at paramount priority to choose the one that suits your trading needs and applies the best possible practices applicable to your trading performance. For this reason, we cover the hard task of choice by reviewing brokerage firms along with Spread Co Review, to know better what the conditions are about.

What is Spread Co?

Spread Co is the London based online trading provider and a firm that gives access to trade spread betting, CFD and Forex through equities, indices, currencies, including Bitcoin, and commodities. The company itself was founded in 2006 and has been proven as one of the most competitive tight, fixed spreads among the offering with low commissions and charges that keep 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 you can take control over the trading by calculating an exact expanse along with a safe knowledge about the charges.

Spread Co Review

Furthermore, the Spread Co pays a great attention to the client’s support through dedicated relationship managers that provide assistance, as well providing education. Whenever you as a trader need any help or attention, broker’s staff always ready to assist, while the educational library provides guides and video updates along with the market overview, platform tours, news and economic calendars.

Spread Co learning

At the first look, Spread Co offer looks attractive one, yet you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is Spread Co safe or a scam?

The security in trading is important at the first, that’s why while choosing the company it should be in serious consideration to take a reliable broker. And the first step to confirm brokers status is a license and regulatory requirement it obliges to.  Spread Co license

Therefore, Spread Co’s as 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.

Spread Co Trading Platforms

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.

Spread Co Platform is a proprietary software a Web based Platform that 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.

Spread Co 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. integrates 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 covers global markets and keeps you up to date.

Spread Co Fees and Trading Costs

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. 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. Also, there is a choice between two settings defining which trading style you will use, which goes to a choice between spread betting and CFD account.

Spread Co account

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 account with the minimum of 10,000 GBP in the account.

For instance, see below comparison on some popular instruments and Spread Co Spread, as well compare fees to another popular broker LCG. As well, always consider rollover or overnight fee as a costs, which is about -2% for short positions held longer than a day.

Asset/ PairSpread Co Spread
EUR/USD0.8
Crude Oil WTI4
Gold4
BTC/USD40

Spread Co spread

Spread Co Leverage

Leverage levels offered by Spread Co does 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. Therefore, being a UK brokerage the set of rules established by the European ESMA authority and allows lower leverage levels of up to 1:30 for Forex instruments, 1:20 for minor currency pairs and even 1:10 for Commodities. Cryptocurrency trading offers a Bitcoin Futures with leverage x5, without capital gains tax and with all benefits offered by the company.

Spread Co 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 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 minimum deposit amount depending on the account you chose for trading, thus Spread betting accounts require 200GBP and CFD accounts ask for 250GBP.

Spread Co funding methods

What is also pleasant, the broker 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, 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 abovementioned methods, while the minimum withdrawal is allowed by 50GBP.

Conclusion on Spread Co

The Spread Co review we conclude that a company, which has over a decade experience and is a quite know broker within the UK, as well abroad not only regulated by one of the strictest authorities FCA that gives a trust to Spread Co operation and client’s investments. Also, the general company offering includes a wide range of trading instruments through CFDs with even increased opportunities with demanded Bitcoin trade offered with the fixed spread only. This strategy keeps an easy mind while you will understand expenses at any time clearly. However, the only con may be that broker does not offer a popular MT4 as a platform, which is demanding among the traders, yet the proprietary platform is quite powerful. Nevertheless, let us know your opinion about Spread Co, do not hesitate to share your thoughts or ask for additional information.

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