Spread Co Review 2020

Spread Co Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.

Spread Co Guide

Spread Co are an online broker founded in 2005 offering Forex trading, CFDs trading, and Spread Betting trading.

Spread Co are a global broker and have a head office in London.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Spread Co we break down the pros and cons. What Spread Co are able to offer, what countries Spread Co are available in. Who Spread Co are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Spread Co

Open Spread Co's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to Spread Co

With this review we hope to help you see if Spread Co is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Spread Co that will help you get off to a good start in the world of online trading.

Spread Co Review Table of Contents

Spread Co what you should know

Spread Co offer three ways to trade: Forex, CFDs, Spread Betting.

With Spread Co you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Spread Co platform.

Spread Co are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Spread Co safe?

When choosing a broker like Spread Co the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2005, and in operation for 15 years Spread Co have a head office in London.

Spread Co is regulated. This means Spread Co are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Spread Co, this will be honored. If Spread Co violate any regulatory rules their regulated status could be stripped.

Any payments funded to Spread Co accounts by traders are held in a segregated bank account.

For added security Spread Co use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Spread Co. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Spread Co

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker Spread Co eToro XTB IC Markets
Year Established 2005 2006 2002 2007
Head Office London Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection No No Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Spread Co Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

Spread Co Pros and Cons

What we like about Spread Co

  • Used by over 10,000 traders
  • Established in 2005
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $100

What we don't like about Spread Co

Spread Co Financial Regulation and Supervision in more detail

We have checked and Spread Co is regulated and supervised by reputable organisations. You are able to check every Spread Co supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Spread Co. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Spread Co traders and provide a safe trading environment.

Spread Co is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Spread Co you should be sure they're legitimate online agent.

Spread Co General Fees

  • Spread Co withdrawal fees varies on payment method
  • Spread Co doesn't charge inactivity fees
  • Spread Co does charge deposit fees
Broker Spread Co eToro XTB IC Markets
Min Deposit 100 200 0 200
Withdrawal Fees Varies Yes varies No
Inactivity Fees No Yes No No
Deposit Fees Varies No No Varies
CFD Commission Fees No No Yes Yes

Spread Co Commissions

  • Spread Co doesn't charge commission on CFD instruments.

What can you trade with Spread Co?

Be aware that Different entities under Spread Co Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Spread Co over instruments infact.

If you are looking at trading currency pairs Spread Co offer over 45 currency pairs.

Compare Spread Co with eToro and XTB below.

Losses can exceed deposits

Broker Spread Co eToro XTB IC Markets
Instruments Available 100 1,500 232
Platforms Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit Spread Co Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 45 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Spread Co Visit eToro Visit XTB Visit IC Markets
Commodities Offered 2 0 21 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit Spread Co Visit eToro Visit XTB Visit IC Markets
Stocks Offered 1000 957 1696 100
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on Spread Co web platforms and other applications

Spread Co offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

Spread Co also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Spread Co's platforms

Spread Co Trading benefits :

  • Allows hedging
  • Low min deposit

Spread Co Trading Accounts Offered :

  • Demo account
  • Standard account

Can I try Spread Co before I buy?

Spread Co offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Spread Co withdrawal and funding methods.

Please note that the list of payment methods below depend on the Spread Co Entity and the Clients Country of Residence.

Spread Co offer the below funding payment methods. learn more about Spread Co

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer
Broker Spread Co eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with Spread Co?

When opening a trading account with Spread Co, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Spread Co trading platforms here.

Performing trades with Spread Co

Spread Co allow you to execute a minimum of trade of £1. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

As a market maker, Spread Co may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Spread Co Leverage and Spread Co CFDs Explained

let's take a look at some of the basics of using Spread Co leverage.

Spread Co offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Spread Co leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Spread Co trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Spread Co leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Spread Co CFDs are typically used for short to medium term trades. For example Spread Co intraday trading.

Limit Risk When Trading with Spread Co Stop Loss, Spread Co Stop Limit Orders

A stop-loss order is an order placed with a broker like Spread Co to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Spread Co

To trade effectively with Spread Co, it's important to get a have a good understanding of the Spread Co trading tools and the markets.

Spread Co offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Spread Co.

Take time to look around the Spread Co platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Spread Co

Spread Co support a limited number including English, and German

Spread Co have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Spread Co less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Spread Co

We tested the Spread Co live chat and it works well. We sent messages to Spread Co livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Spread Co support in multiple languages in multiple countries. Spread Co where able to resolve our customer issues.

Email Support at Spread Co

We sent several emails to Spread Co and answer times overall were excellent. The fastest response from Spread Co was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Spread Co, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Spread Co.

Phone Support at Spread Co

We called Spread Co and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Spread Co phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Spread Co team by calling in varying languages. Spread Co made an effort to make sure our queries were answered.

Overall the phone support from Spread Co was okay.

See how Spread Co Support Compares Against Other Brokers

Broker Spread Co eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, and German English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit Spread Co Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

What you will need to open an account with Spread Co

As Spread Co is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Spread Co Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Spread Co's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Spread Co you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.spreadco.com/ on 12th August 2018.

Is Spread Co A Good Broker?

We spent over 3 months examining Spread Co in depth. Although we found some very useful aspects of the Spread Co platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Spread Co broker.

  • Spread Co have a good track record of offering Forex, CFDs, Spread Betting.
  • Spread Co has a history of over 15 years.
  • Spread Co has a reasonable sized customer support of at least 10.
  • Spread Co are regulated by Financial Conduct Authority (FCA). This means Spread Co fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Spread Co have regulation from a Tier 1 reputable country.
  • Spread Co has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Spread Co have an international presence in multiple countries. This includes local Spread Co seminars and training.
  • Spread Co are able to hire people from various locations in the world who can better communicate in your local language.

Spread Co Risk Disclaimer

Losses can exceed deposits

Spread Co not quite right?

Check out these Spread Co Alternatives

We have spent years researching the best alternatives to Spread Co. Click the links below to learn more.

If you feel some of the above Spread Co are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Spread Co alternatives below.

Related Spread Co Comparisons

If you would like to see how Spread Co stands up against other brokers you can read some of our Spread Co comparisons below. We compare side by side some of our top rated Spread Co versus comparisons. Read some indepth Spread Co VS pages below.

SPREAD CO Frequently Asked Questions

Can I try Spread Co before I buy?

Spread Co offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Spread Co accept?

Please note that the list of payment methods below depend on the Spread Co Entity and the Clients Country of Residence.

Spread Co offer the following funding payment methods accept Credit cards, Bank Transfers, Skrill, Payoneer, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Spread Co safe?

Spread Co are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to Spread Co accounts by traders are held in a segregated bank account. For added security Spread Co use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Spread Co trading good?

Spread Co is considered good and reputable to trade with. Spread CoSpread Co is used by over Spread Co active traders. Spread Co offers Forex trading, CFDs trading, and Spread Betting trading. Minimum deposit with Spread Co is 100.

Is Spread Co trading Legit?

Spread Co was founded in London in 2005. Spread Co has been facilitating trade on the financial markets for over 15 years. Spread Co offers clients Forex trading, CFDs trading, and Spread Betting trading. All funds deposited to Spread Co are held in segregated tier 1 bank accounts for security. Spread Co is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is Spread Co a good broker?

Spread Co is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. Spread Co allows Forex trading, CFDs trading, and Spread Betting trading.

Is Spread Co trustworthy broker?

Spread Co can be considered trustworthy. All money funded to Spread Co is placed into a segregated tier 1 bank account. this means your money in not held by Spread Co directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Spread Co is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for Spread Co?

The minimum deposit to trade with Spread Co is 100.

How long do Spread Co withdrawals take?

Withdrawing money from Spread Co processing time varies but averages 2-5 days.

Is Spread Co regulated?

Spread Co is regulated by Financial Conduct Authority (FCA).

Is Spread Co a market maker?

Spread Co is a market maker. Stocks, currency and other commodities and instruments will be purchased by Spread Co even if no buyer is lined up.

How can I start trading with Spread Co?

When opening a trading account with Spread Co, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Spread Co trading platforms here.

Is my money safe with Spread Co?

Spread Co is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like Spread Co is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Spread Co, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Spread Co a con?

Spread Co is regulated and well established having been in business for over 15 years. Spread Co is definitely not a con.

Can you make money with Spread Co?

Although traders have had great success with Spread Co. Trading on the financial markets with Spread Co is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Spread Co have fees?

Spread Co withdrawal fees varies on payment method. Spread Co doesn't charge inactivity fees. Spread Co does charge deposit fees.

When was Spread Co founded?

Spread Co was founded in 2005.

How many people use Spread Co?

Spread Co is used by over 10000 registered traders.

What is Spread Co Headquarters country?

Spread Co has its head quarters office in London.

Does Spread Co offer negative balance protection?

Spread Co does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Spread Co offer guaranteed stop loss?

Spread Co does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Spread Co allow scalping?

Spread Co does not offer scalping.

Does Spread Co allow hedging?

Spread Co offers hedging.

Does Spread Co offer CFD trading?

Spread Co offers CFD trading.

Does Spread Co offer STP?

Spread Co does not offer STP trading.

How many people use Spread Co?

Spread Co is used by over 10000 traders.

Is Spread Co an ECN broker?

Spread Co does not offer ECN trading.

Does Spread Co offer a demo account?

Spread Co offers a demo account.

Does Spread Co offer an Islamic account?

Spread Co does not offer Islamic accounts.

What are the funding methods for Spread Co?

Spread Co accept the following funding methods : Credit cards, Skrill, Payoneer, Bank Transfer.

Spread Co review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Spread Co brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Spread Co review written by Mark Hansen of Comparebrokers.co