On-line since: About the company: Spread Co Limited owns the broker. It is registered in England with headquarters in London. Spread Co claims to be one of the leading UK brokers that offers financial spread betting, CFDs, and forex trading. Company. Safety of funds Spread Co Limited has been working in online trading for 10 years and is controlled by the most reliable financial regulator of the EU, the FCA (License No. 446677). All companies regulated by the FCA are required to comply with strict rules and procedures established by the British financial controller. They must keep all clients money separately from the company's own funds and report regularly to the FCA. They are also required to store net tangible assets of at least 730,000 euros to prove their financial stability. What is also important for the safety of funds is the investors compensation program, which can cover the losses (or funds held on the trading account) of up to 50,000 pounds sterling in case of the broker’s bankruptcy. Trading conditions Spread Co offers one type of account, which gives access to stock, index, and currency markets. The account features fixed spreads and leverage up to 1:200. Micro-lots and Islamic accounts are not available. The broker provides spread betting services on another account with a minimum initial deposit of $250 and fixed spreads of 0.8 pip for EUR/USD. Minimum initial deposit To open an account with Spread Co, a trader has to deposit at least $250, which is average in the forex industry. Of course, there are some brokers that require deposits as small as $1. Spreads and commissions Spread Co offers fixed spreads of 1.5 pips for EUR/USD. Most brokers with fixed spreads charge about 2 pips for this pair. Spread Co clients also benefit from interest-free trading, as the broker makes money charging spreads (like most brokerage companies with fixed spreads). Leverage The highest leverage in Spread Co is up to 1:200. It is considered standard, although a number of brokers offer a 1:500 leverage or even more. Trading platform If you are looking for the standard MT4 platform, you will not find it with this broker. Spread Co offers only its own platform, available for PC and mobile devices. The platform has a customizable interface and is equipped with useful tools for diagram building. In addition, it provides advanced risk management tools, such as stop loss and limit orders and a lot more. You can also specify a time frame for your deals. The Spread Co platform is quite good but it might not suit some traders due to lack of expert advisors and other advanced functions. Support service The site has a section with frequently asked questions and a glossary where traders can find extensive information on how to get started. If you have additional questions, you can contact the support service. Owners of live trading accounts can get in touch with their personal manager. If you need help with a specific product, you can visit specialized sections on the site, Spread Betting, CFD or Forex, that contain manuals on the trading instruments. You can also follow the company's news and updates on Facebook and Twitter. Payment methods Clients of Spread Co can make deposits and withdraw money from their accounts via credit/debit cards, bank transfers and Skrill. The withdrawal of funds through a credit card is 2%, and free for debit cards. Payments via Skrill are charged with a 1% commission. Withdrawal of funds to bank accounts is free. Spread Co clients can open accounts in pounds sterling, euro and dollars. However, if you want to trade another currency, then the broker can meet your needs. Advantages:
Disadvantages:
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Spread Co has outstanding platform in the market, As I have found a instant order execution and my position perfect and never slipped so far. So my strategy became profitable, even i can follow their expert trade signal too. I can withdral money instantly that I am able to run my business properly.
This broker has only bad trading conditions and simply out to own my deposit. Please stay away Spread-Co, and do not deposit any money at here. They are just scammer, please don’t invest with them. I also tested with their MT4 terminal, but the $270 welcome bonus is available in few minutes for trading after opening account with them. Besides, slippage sometimes occurs and constant price jumping.
I have to say that of all the brokers that I have traded, Spread Cois the most excellent broker. I moved to Spread Co for the reason that of their spreads and fast trade speeds, having excellent support is a huge bonus. Nice client area and good MT4 broker as well. They have a web-trading application, which is very helpful for me to trade behind the firewall in my office. I have no problems at all with this broker.
Disappointingly, the trading spread at Spread Co. is too wide. I was promised by one of their representatives that the fees would be affordable. But in my trading activities, it is difficult to close a position because I still need to wait for the price to change drastically to cover the fee.
I tried to closed my account and request to withdraw all my funds but after insisting to release my capital, they just disabled my account without any further noticed. I can tell you there were several associates, who was not able to end up with this company successfully and that is why left it in some time. Also something isn't right in this platform and I can see from other reviews that this company is not reliable.
I can be doing forex trades perfectly on the Spread Co broker's platform. Here I have found the best pricing and quick execution on their MT4 platforms. I started trading with $200 investment, but I have earned $500 within four mounts by an auto trade EA. I got fair spreads, which is the best for my auto-trade EA. Till now I able to withdraw all of my profits via Skrill account. So I feel happy for profitable Investment with the Spread Co broker.
I opened an account at Spread Co and funded my account through Skrill. Since Skrill is an e-wallet, I thought that the transactions would be faster. However, I already made my withdrawal request two weeks ago and the money is still not transferred. Two weeks is such a long time for money to be transferred online. So if you are planning to open an account at this broker, expect this inconvenience.
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