SPREADCO

About company:

Spread Co Limited is the company that owns the broker. It is registered in England with headquarters in London.

 

Spread Co claims to be one of the leading UK brokers offering financial spread betting, Contracts for Difference (CFD) and Forex trading.

 

Company. Fund security

Spread Co Limited has 10 years of experience in online trading and is regulated by the most reliable financial regulator in the EU - FCA (registration number 446677).

 

All FCA regulated companies are required to comply with strict rules and procedures set by the UK Comptroller: they must keep all client money separate from the company's own funds; they must report regularly to the FCA; they are required to maintain net tangible assets of at least EUR 730,000 to prove their financial stability.

 

In addition, what is more important in relation to the safety of funds is the program for compensation of funds to investors, which in the event of a bankruptcy of the broker can cover the investment loss (or funds held in the trading account) up to 50,000 pounds sterling.

 

Trading conditions

There is one type of account in Spread Co, from which the markets for stocks, indices, currencies are available. It also offers clients fixed spreads and leverage up to 1: 200. Micro lots and Muslim accounts are not available for trading.

 

The broker provides its spread betting services on another account with a minimum initial deposit of $ 250 and fixed spreads of 0.8 pips in EUR / USD.

 

Minimum initial deposit

To open a trading account with Spread Co, you need to deposit at least $ 250, which is the average minimum initial deposit. Of course, there are some brokers that require less, for example $ 1.

 

Spreads and commissions

Spread Co offers fixed spreads of 1.5 pips on EUR / USD. Most fixed spread brokers provide around 2 pips for this pair.

 

Spread Co clients also benefit from interest-free trading as the broker makes money on the spread (like most fixed spread brokerages).

 

Leverage

Maximum leverage rates at Spread Co are up to 1: 200. Such leverage is considered standard, although a number of brokers offer leverage equal to or greater than 1: 500.

 

Trading platform

If you are looking for the industry standard MT4 platform, you will not find one from this broker. When trading with Spread Co, you will only be offered its own platform, available for desktop and mobile versions.

 

The platform has a customizable interface and is equipped with useful charting tools. In addition, it provides advanced risk management tools such as stop loss and limit orders and more. You can also specify time frames for your trades.

 

We have tried the Spread Co platform and find it to be quite good, however for some traders there may be a problem - the lack of advisors and other advanced features.

 

Support service

The site has a section with frequently asked questions and a glossary where traders can find extensive information to get started. If you have any additional questions, you can contact the support service, and the owners of real trading accounts can contact their manager.

 

If you need help with a specific product, you can visit the specialized sections on the site - spread betting, CFDs and Forex - where product guides are published. You can also follow company news and updates on Facebook and Twitter.

 

Ways of payment

Spread Co customers can make deposits and withdrawals from their accounts through credit / debit cards, bank transfers and Skrill.

 

Withdrawals via credit card are 2%, but via debit cards are free. For payments to Skrill accounts, a commission of 1% of the transaction value is charged.

 

Withdrawing funds to bank accounts is free.

 

Clients can open accounts in pounds sterling, euros and dollars. However, if you are used to trading in another currency, then the broker may meet you halfway.

 

Pros:

 

FCA regulated broker with over 10 years of experience; competitive spreads; commission trade.

 

Minuses:

 

MT4 is not available; micro-lots and advisors for trading are not offered; only fixed spreads.