Spread Co Review Summary
Spread Co Review Highlights
Pros & Cons
- The company holds a cross-border CySEC licence
- High leverage
- Tight spreads
- Transparency regarding fees
- Numerous research and educational tools available
- Segregated customer funds
- Only one trading platform available
This London company provides entry to spread betting, CFD and FX via equities, indexes, currencies etc. They started their journey in 2006 and act as competitive brokers with tight and fixed spreads. The commissions are low and charges keep trading fees lower and maximize the gains.
The company also boast good tech and fixed spreads, so you are more in control of the trades.
There is a dedicated manager to help users grow and learn. The staff us also on hand to provide assistance, and you can browse heaps of guides and videos, in addition to economic calendars and news.
Is this a safe company?
Safety is immensely significant, so be sure to pick a trusty brokerage. Check their licences and the regulations they follow.
This firm is regulated by the FCA in the United Kingdom. Funds are handled in compliance with strict regulations.
This means a client can utilize services of the Financial Services Compensation Scheme and the Financial Ombudsman Service if there is something that doesn’t sit with them well.
Platforms to Trade
Spread Co provides easy-to-use platforms which can keep track of positions regardless of your location. There are heaps of equities, indexes, commodities and forex pairs on offer.
They have a proprietary platform that doesn’t need to be downloaded and you can easily customize the whole trading journey of you are a pro or even a novice. Pros will especially like the tiled window offering a lot of info in a single space.
Additionally, the app is at your fingertips as an indispensable resource, enabling you to keep updated with the equal functionalities as a web portal.
You have access to news, info and various manuals to help you be updated and which cover worldwide marketplaces.
To create an account, you first have to fulfill the application and give your personal info regarding the trading background you have. You will start with a trial account and move to a live one after you fund your account.
You can pick between 2 settings, depending on your style of trade. This means picking a CFD or spread betting account.
The spread is 0.8 for spread bets in the FTSE 100 and US DJIA Index along with EURUSD pairs. Moreover, the short index and balance positions have zero financing.
See here how the company fairs newxt to other popular brokers. Don’t forget to keep in mind the rollover or overnight fees – circa -2 percent for short positions held for over 24h.
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It depends on the broker and on the jurisdiction. So different security terms are applied to lessen the uncertainty, especially for retail traders.
Thus, ESMA has lower leverage rates of a max of 1:30 for fx instruments, 1:20 for minor pairs and 1:1- for commodities. Crypto-trades have bitcoin futures with leverage five times its size, minus the taxation on capital gain and along with all pros given by the company.
Deposit & Withdrawals
First you have to put in a specific amount of money. This is competitive at this firm. It is easy to do so and takes little time. You can fund the account via credit and debit cards, transfers via banks and via Skrill.
The min. volume will vary according to the accounts. The spread betting one requires 200 GBP and the CFD one needs 250 GBP.
There are no extra charges for deposits. Bear in mind that the payment provider may incur additional charges. The min. amount for withdrawing is 50 GBP.
This is a known company from the United Kingdom that has been operating over 10 years and is regulated by the FCA. This means it can be trusted.
Moreover, a lot of instruments are on offer via CFDs and there are even better chances now with Bitcoin trading provided with the fixed spread. The drawback is that the firm doesn’t have MT4 provided.
Official Spread CO Registration
If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.