Spread Co Review for 2019

Spread Co Rated 3/5
Spread Co have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to Spread Co

Spread Co Introduction

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.

Open Spread Co's Website

As with any investment your capital is at risk, 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 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 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

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

What we like

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

What we don't like

Spread Co General Fees

  • Spread Co withdrawal fees varies on payment method
  • Spread Co doesn't charge inactivity fees

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 Interactive Brokers and XTB below.

FX / Currencies Spread Co IB XTB
# of forex pairs offered 45 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No No Yes
Commodity CFDs Spread Co Interactive Brokers XTB
# of commodities offered 2 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Spread Co Interactive Brokers XTB
# of Stocks offered 1000 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
Spread Co's
Instruments
IB's
Instruments
XTB's
Instruments

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 methods do Spread Co accept?

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

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer

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, but as a guide, Spread Co offer margin up to £40.00% on currencies.

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.

What you will need to open an account with Spread Co

As Spread Co is regulated by Financial Conduct Authority, 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 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 below funding payment methods accept Credit cards, Bank Transfers, Skrill, Payoneer, among other payment methods. Learn more here

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. 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.