Spread Co Review 2019

Spread Co Rated 3/5
Spread Co have a low rating. We recommend you look at one of their alternative brokers.
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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 multiple offices around the world including 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

  • Regulated by: Financial Conduct Authority (FCA)
  • Headquarters Country : London
  • Foundation year 2005
  • Min Deposit : 100
  • Used by over 10,000 traders
  • Spread Co is not available in the following countries : US
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 14 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 XTB Pepperstone eToro
Year Established 2005 2002 2010 2006
Head Office London Poland Australia Cyprus, UK
Regulation Financial Conduct Authority (FCA) 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 Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection No Yes Yes No
Guaranteed Stop Loss No Yes No No
Learn More Visit Spread Co Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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 XTB Pepperstone eToro
Min Deposit 100 0 200 200
Withdrawl Fees Varies varies No Yes
Inactivity Fees No No Yes Yes
Deposit Fees Varies No No No
CFD Commission Fees No Yes Yes No

Spread Co Commissions

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

What can you trade with Spread Co?

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 XTB and Pepperstone below.

Losses can exceed deposits

Broker Spread Co XTB Pepperstone eToro
Instruments Available 1,500 100 100
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Spread Co Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 45 50 70 50
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 XTB Visit Pepperstone Visit eToro
Commodities Offered 2 21 16 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs Visit Spread Co Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 1000 1696 60 957
UK Shares Yes Yes No Yes
US Shares Yes Yes No Yes
German Shares Yes Yes Yes Yes
Japanese Shares No Yes No Yes

Trading on Spread Co web platforms and other applications

Spread Co offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers 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

What funding and withdrawl methods do Spread Co accept?

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

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer
Broker Spread Co XTB Pepperstone eToro
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 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 trader, accounts and instruments.

Education resources at Spread Co

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

Support at Spread Co

Spread Co support a limited number including English, and German

Spread Co have a D grade support rating because Spread Co less customer support features compared to other brokers like live chat, phone and email support.

Broker Spread Co XTB Pepperstone eToro
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, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit Spread Co Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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:

  • 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 10 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.

Spread Co Bottom Line

  • Spread Co have a good track record of offering Forex, CFDs, Spread Betting.
  • Spread Co has a history of over 13 years.
  • Spread Co has a reasonable sized client support call center 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?

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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?

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

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.