2.33 3 Reviews
2.33

Spread Co Review Summary

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.

Spread Co Review Highlights

Trading Platform: Web Platform, Mobile Apps
Cryptocurrencies Yes
Regulator FCA
Minimum Initial Deposit 250 GBP
Leverage 1:30

Pros & Cons

Pros
  • The company holds a cross-border CySEC licence
  • High leverage
  • Tight spreads
  • Transparency regarding fees
  • Numerous research and educational tools available
  • Segregated customer funds
Cons
  • Only one trading platform available
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

What’s Co-Spread?

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.

Learning

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.

Mobile Platform

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.

Accounts

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.

Charges

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.

Asset/Pair Spread
EUR/USD 0.8
Crude Oil WTI 4
Gold 4
BTC/USD 40

 

Leverage

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.

Deposit Min.

The min. volume will vary according to the accounts. The spread betting one requires 200 GBP and the CFD one needs 250 GBP.

Withdrawing

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.

Front line

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

Founded: 2016
Broker Type: Forex Broker
Languages Supported: EN, EL
Trading Instruments: Forex, metals, indices and energies
Account Types: Classic, Standard, Premium
Expert Advisors: Yes
Social Trading: Yes
Hedging: Yes
Scalping: Yes
Commission: Yes
Inactivity Fee: No
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: USA
Trading Fees: Yes
Withdrawal Fees: No
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

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Spread Co Reviews

3 Reviews for Spread Co

  • Mr XXX says:

    1) Withdrawal takes longer than usual (But you still receive your money at the end of the day)
    2) Persistent login issues. At times, you will just get log out as Spread Co faces network problems. They will occasionally update on their twitter to let members know that there is some problems with their network.

  • Robert says:

    Beware!!!!!
    1) Very high spreads
    2) No stop loss provision on crypto trading
    3) They also don’t provide their customers with usual forking benefits (new free coins) associated with various crypto currencies, and presumably keep those coins for themselves because they vaguely claim that they hold the actual coins at the back end.

  • Toni Macaroni says:

    I really like the platform, but it’s not OK that there is no customer service contact number, and it’s advertised to take 7 days to get a reply from customer service. People put their savings their, and you should care more about your customers.

FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

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