Spread Co รีวิว

On-line since: 2005
Country of origin: UK
Regulation: FCA
Payment options: bank transfer, bank cards, Skrill
Minimum account size: $250
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: fixed

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:

• FCA regulated broker with more than 10 years of experience;
• competitive spreads;
• commission trade.

Disadvantages:

• MT4 is not available;
• no micro lots and advisors;
• only fixed spreads.