Spread Co Review and Tutorial 2021

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Spread Co Facts & Figures

Spread Co offers spread betting and CFDs with competitive trading conditions.

InstrumentsSpread betting, CFDs, forex, indices, shares, commodities, ETFs, ADRs
Demo AccountYes
Min. Deposit£200
Pay MethodsCredit Card, Mastercard, Skrill, Visa, Wire Transfer
Min. Trade£0.10
Regulated ByFCA
MetaTrader 4No
MetaTrader 5No
cTraderNo
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Auto TradingNo
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountNo
CFD
Trade with leveraged CFDs on popular financial markets.
FTSE Spread1.0
GBPUSD Spread1.0
Oil Spread4.0
Stocks SpreadVariable
Leverage1:20
Forex

Spread Co offers trading on a long list of online currencies with competitive spreads.

GBPUSD Spread1.0
EURUSD Spread0.8
EURGBP Spread1.0
Assets38
Risk Warning – Your capital is at risk

Spread Co is an online spread betting and CFD broker specialising in forex, commodities, equities and indices. Our review covers live accounts, payment methods, the proprietary trading platform, regulation, and more. Find out whether Spread Co is a trustworthy spread betting broker.

Spread Co Headlines

Spread Co Ltd was established in 2005, offering global services from a head office in London. The broker is authorised by the Financial Conduct Authority (FCA), a highly respectable regulator. Today, there are over 10,000 live traders using the broker’s services. Spread Co offers spread betting on major markets, stocks and shares, plus CFDs and forex.

Trading Platform

The broker offers its proprietary trading platform to meet the needs of all clients, powered by TradingView. Spread Co recommends trading through major web browsers, with no software download requirements. Alternatively, clients can access the free mobile application or iPad app.

Features of the online platform include:

Spread Co trading platform
Online platform

Assets

Spread Co offers clients trading opportunities in the following global markets:

The broker also offers the opportunity to trade Mini Markets which offer smaller stake sizes from just 10p. These markets are the most liquid and a popular way for traders to get familiar with spread betting. Spread betting lets traders go short in falling markets and provides 24 hour access, margin trading and zero hidden fees.

Spreads & Commission

Spreads are fixed and as low as 0.8 pips during liquid hours. Spreads differ between spread betting and CFD accounts. The broker offers the tightest spreads up to a maximum of £50 a point before this increases on a sliding scale. Spreads on majors are 0.8 pips on EUR/USD and 1.0 pip on GBP/USD and EUR/GBP. Spreads on leading indices, such as the FTSE 100, start at 0.8 pips.

Commissions are only charged for equities trading, starting at 0.05% for UK trades. The broker does charge swap rates for positions held overnight, further details of which can be found on the company website.

Leverage

Leverage varies by instrument:

As an FCA-regulated broker, Spread Co complies with ESMA’s retail leverage limits.

Mobile Apps

The broker offers a mobile app with full desktop platform features. This is available for free download and is compatible with iOS and Android devices. The app allows for complete trading management while on the go. Features include:

Spread Co app
Mobile app

Deposits

Minimum deposits vary by account type; £200 for spread betting accounts and £250 for CFD accounts. After this, the deposit requirement for both accounts is £100. Spread Co offers limited payment methods for live account deposits in GBP, EUR, USD, or JPY:

Withdrawals

To request a withdrawal, select the payment option within the trading platform or contact client services. Withdrawals to credit/debit cards and UK bank accounts are free. International bank transfer payments are subject to a £15 charge + local bank fees. Skrill withdrawals incur a 1% fee. Same-day processing requests must be received by 12:30 pm GMT.

Note, the minimum withdrawal amount is £50.

Demo Account

Spread Co Limited offers a demo account on their trading platform, accessible for 2 weeks. Demo accounts are a great way to become familiar with the platform and to test spread betting or CFD strategies risk-free. The demo account is available in GBP, EUR, or USD and comes with £25,000 or equivalent in virtual funds. A client services platform tour is also offered by the broker to demonstrate user features.

Spread Co Bonuses

At the time of writing, Spread Co Ltd does not offer any deals or promotions to new or existing clients, this includes no deposit bonuses. This is in line with FCA regulations.

Regulation Review

Spread Co UK Limited is licensed under the Financial Conduct Authority (FCA), meaning the broker follows established regulatory standards. The FCA is a highly prestigious agency in the financial markets. Client funds are segregated in top-tier banks and protected by the FSCS, covering up to £85,000 should the broker become insolvent.

Additional Features

The broker’s website offers multiple trading support features. This includes a financial trading blog, an economic calendar and Market Watch live news bulletins. The website also supports several training guides and education topics including the basics of spread betting and CFD trading, using technical indicators and strategies, with a glossary and extensive FAQ page.

Spread Co trading tools
Spread Co education

Spread Co Accounts

Spread Co offers two different account types; spread betting or CFD. Both accounts are available in EUR, USD, and GBP.

To open an account, clients need to complete a simple online form and send identity documents with proof of residence. The broker assures applications are processed within 1 working day.

Benefits

Drawbacks

Trading Hours

The broker follows standard office hours and provides 24-hour trading from Sunday 10 pm to Friday 10 pm GMT. Note, spreads fluctuate depending on the trading window as liquidity and volatility changes.

Customer Support

Spread Co offers a range of customer support options:

Security

Personal information is protected by SSL encryption on both PC and mobile applications. Account access is fully password protected. The Spread Co trading platform also assures industry-standard encryptions with secure logins.

Spread Co Verdict

Spread Co offers opportunities for traders of all abilities to invest in forex, CFDs and spread betting. Small stake requirements and low minimum deposits make it a good choice for new traders. Prospective clients should also feel assured of the FCA regulation, security protocols and customer service.

Accepted Countries

Spread Co accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Spread Co from United States.

Alternatives to Spread Co

If you are looking for alternatives to Spread Co we have compiled a list of the top 5 brokers that are similar to Spread Co below. This list of brokers like Spread Co is in order of similarity and only includes companies that accept traders from your location.

  1. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  2. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  3. Just2Trade – Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
  4. Binance – Binance is one of the leading online crypto exchanges offering Bitcoin.
  5. Kraken – Kraken is a top crypto trading exchange offering the largest altcoins by market cap.

FAQ

Does the Spread Co trading platform allow hedging?

Hedging is possible on the Spread Co platform. Head to the broker’s demo account terminal to practice hedging strategies before investing funds.

Does Spread Co offer stock trading?

Yes, Spread Co Ltd allows trading on many of the world’s most popular stock indices. The UK100 for example includes companies such as HSBC and Tesco.

What is spread betting?

Spread betting is a straightforward way to speculate on the price of shares, currencies and more without owning the underlying asset. A profit or loss is based on the price of the asset when the trade was opened vs its price when the trade was closed.

Is Spread Co regulated?

Yes, Spread Co is authorised by the Financial Conduct Authority (FCA), register number 446677. This is a reputable regulator and a good sign that the company can be trusted.

What is the minimum deposit at Spread Co?

The initial deposit requirement for a spread betting account is £200 while CFD accounts require a £250 minimum payment.

Spread Co offers spread betting and CFDs with competitive trading conditions.

Spread Co vs Other Brokers

Spread Co vs