Since our inception in 2006, Spread Co has been providing competitive spreads and low margins to the growing CFD and spread betting community, through our robust, custom-built trading platforms that are available on mobile, tablet and desktop devices.
Spread Co Information
Spread Co is a UK-based financial broker established in 2006, offering a wide range of trading instruments, including forex, commodities, indices, ETF and equities. The broker aims to provide advanced trading platforms, and a variety of account types to meet the needs of both beginner and experienced traders.
The broker's offerings also include competitive trading fees, extensive research and educational resources, and a responsive customer service team.
Pros and Cons of Spread Co
On the positive side, the broker is regulated by the Financial Conduct Authority (FCA), ensuring compliance with rigorous standards that prioritize transparency and client protection. Competitive spreads across a diverse array of trading instruments make Spread Co a cost-effective choice for traders seeking to minimize trading costs. The platform offers a user-friendly experience with intuitive features suitable for traders of all levels, enhancing accessibility and ease of use. Additionally, Spread Co provides access to a wide range of assets including forex, commodities, indices, cryptocurrencies, equities, and bonds, catering to diverse investment preferences.
The broker offers a selection of account types, but this may be more limited compared to other brokers in the industry, potentially restricting options for traders seeking specific account features or benefits. Another drawback is the absence of social trading features, which allow traders to mimic the trading strategies of more experienced investors. This lack of social trading functionality may deter traders who value the ability to engage in collaborative or automated trading methods.
Is Spread Co safe？
Regulations
Spread Co is officially licensed and regulated by The United Kingdom Financial Conduct Authority (FCA) under license number 446677.
Funds Safety
Spread Co prioritizes the safety of client funds by adhering to the regulatory requirements set forth by the FCA. Client funds are held in segregated accounts, separate from the broker's operational funds. This segregation ensures that client money is protected and cannot be used to meet the broker's liabilities. Additionally, Spread Co participates in the Financial Services Compensation Scheme (FSCS), which offers protection of up to £85,000 per client in the event of the broker's insolvency.
Safety Measures
In addition to fund segregation, Spread Co employs several safety measures to enhance the security of its clients' trading environment. The broker uses advanced encryption technologies to protect client data and transactions from unauthorized access. Spread Co also implements robust risk management protocols and regular audits to maintain high standards of operational integrity. Furthermore, the broker's compliance with the FCA's stringent regulatory framework ensures ongoing adherence to best practices in financial services.
Market Instruments
Spread Co offers a diverse range of trading instruments, providing ample opportunities for traders to diversify their portfolios. The broker's product offerings include:
Forex: Spread Co provides access to a wide range of currency pairs, including major, minor, and exotic pairs. Traders can benefit from competitive spreads and leverage options, making it an attractive choice for forex traders of all experience levels.
Commodities: Traders can engage in commodities trading with Spread Co, including popular assets such as gold, silver, oil, and agricultural products. The broker offers both spot and futures contracts, allowing traders to speculate on price movements and hedge against market volatility.
Indices: Spread Co offers a variety of global indices, including major benchmarks like the S&P 500, FTSE 100, and DAX 30. Trading indices allows investors to gain exposure to broader market movements without having to invest in individual stocks.
Equities: Spread Co provides access to a broad selection of individual stocks from major global markets. This enables traders to invest in specific companies and sectors, tailoring their portfolios to their investment strategies.
ETF: Spread Co offers ETF trading through spread betting and CFDs, allowing investors to speculate on ETF price movements without owning the assets. Spread Co provides exposure to various ETF asset classes, including major indices like FTSE 100 and S&P 500, and specialized indexes such as S&P 500 Growth and MSCI Eurozone.
Spread Co Accounts
TMGM provides several account types to suit various trading styles and preferences:
Spread Betting Account: This accounttype provides access to over 1000 markets, including indices, forex, commodities, and equities, with the benefit of tax-free profits for UK residents. It features competitive spreads starting from 0.6 pips, negative balance protection, and 0% financing on short index positions. The account offers minimum stakes from just £1, with retail margins starting at 3.33% on major forex pairs and 5% on indices. Additionally, Spread Co has introduced Mini Markets, allowing trades on major forex pairs and indices from as low as 10p per point.
CFD Account: The CFD Account at Spread Co allows traders to engage in a broad range of markets, including shares, commodities, forex, and more, without paying any stamp duty. As CFDs involve trading on the price movements of underlying assets without owning them, traders avoid stamp duty and can benefit from competitive financing costs. The account also allows traders to match positions partially, thus avoiding the need to pay a spread to close positions, enhancing cost efficiency and flexibility.
Demo Account: The firm also offers a free demo account which contains £25,000 virtual funds. This allows clients to try out this platform in a risk-free environment and practise trading strategies and techniques.
Spread Co Fees Review
Spread Co offers tight spreads, starting at 0.6 points during normal market hours. The EUR/USD spread remains fixed at 0.8 points round the clock. UK100's spread is 0.6 points during UK market hours, rising to 1.8 points from 4:30 pm to 9:00 pm.
Spread Co offers low trading commissions, starting at just 0.05% on UK equity trades. Unlike many brokers, Spread Co does not impose minimum commission charges, ensuring that low-value positions are not disproportionately affected by fees. This policy helps maintain tight, fixed spreads across all trades. Commissions for European equities are set at 0.05% per trade, while US equities incur a commission of 0.075%, with a minimum of 2 cents and a maximum of 4 cents per trade. For UK100 equities, the commission is also 0.05% per trade. The commission is included in the spread, which is calculated by adjusting the bid and offer prices around the market price, effectively widening the market spread. This approach ensures transparency and predictability in trading costs.
Spread Co App Review
Mobile APP: Spread Co's mobile trading app, available for both iPhone and Android devices, is designed for ease of use and packed with features to facilitate trading on the go. The app allows users to place positions, stop/limit orders, and trade multiple markets simultaneously with ease. The app supports features like Apples Touch ID for secure login and one-click trading for rapid market responses. Users can switch between multiple accounts without logging out, and the app integrates new charting tools and indicators from TradingView, offering around 50 different indicators for in-depth market analysis.
Web Platform: Spread Co's web trading platform is designed for simple to navigate and user control, providing traders with a customizable and efficient trading experience. Accessible directly from the Spread Co website, the platform allows users to personalize their trading environment, set up watchlists, and receive alerts on market movements.The platform features advanced charting tools powered by TradingView, enabling traders to create custom charts using live data and a wide range of indicators.
Research and Education
Spread Co offers a diverse suite of research and educational resources designed to support traders in making informed decisions and improving their trading skills. These resources include market news, trading guides, Economic Calendar, and more:
Market News: The broker provides regular market analysis reports, covering major asset classes such as forex, commodities, indices, and cryptocurrencies. These reports offer insights into market trends, potential trading opportunities, and key economic events.
Trading Guides: Spread Co offers a range of trading guides that cover various aspects of trading, from basic concepts to advanced strategies. These guides are designed to help traders build a solid foundation of knowledge and develop effective trading plans.
Economic Calendar: The broker provides an economic calendar that lists important economic events and data releases. Traders can use this tool to stay informed about upcoming events that may impact the markets and plan their trading strategies accordingly.
FAQs: The broke also offers a FAQ section to answer questions about account management, deposit and withdrawal, spread betting, etc.
Customer Service
Spread Co offers 24/7 customer service to assist clients with their trading needs. The broker provides multiple channels for customer support, including:
Phone Support: Clients can reach Spread Co's customer support team via phone (+44 (0) 1923 832 682) during business hours. The support team is knowledgeable and responsive, providing assistance with account-related queries, technical issues, and general trading questions.
Email Support: Spread Co offers email support (cs@spreadco.com) for clients who prefer to communicate in writing. The broker aims to respond to email inquiries promptly, typically within one business day. Email support is suitable for non-urgent matters and detailed queries.
Live Chat: For immediate assistance, clients can use Spread Co's live chat feature available on the broker's website. The live chat service is staffed by experienced representatives who can help with a wide range of issues, from account setup to platform navigation.
Conclusion
Spread Co is a well-regulated broker that offers a diverse range of trading instruments and competitive trading conditions. The broker's user-friendly platform, robust customer service, and extensive research and educational resources make it an attractive choice for traders of all experience levels. While the limited account types may be drawbacks for some, the overall quality of Spread Co's offerings makes it a strong contender in the online trading space.
FAQs
Is Spread Co regulated？
Yes, Spread Co is regulated by the Financial Conduct Authority (FCA) in the UK.
What trading instruments does Spread Co offer？
Spread Co offers a wide range of trading instruments, including forex, commodities, indices, ETF, and equities.
Does Spread Co offer a demo account？
A: Yes, Spread Co offers a demo account that allows traders to practice their skills and test strategies in a risk-free environment.
Risk Warning
WikiStock's expert assessment of the brokerage's website data is subject to change and should not be taken as financial advice. Online trading carries substantial risks, including the potential loss of all invested capital, and it's crucial to fully understand these risks before investing.
