Score
Spreadco
United Kingdom|15-20 years| http://www.spreadco.com/
Website
Rating Index
Influence
Influence
B
Influence index NO.1
United Arab Emirates 5.72Surpassed 70.80% brokers
Contact
Licenses
Single Core
1G
40G
Disclosure
Danger
Contact number
+44 0800 078 9398
Other ways of contact
Broker Information
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Spread Co Limited
Spreadco
United Kingdom
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- The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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| Products | shares, commodities, forex, cryptocurrencies |
| Currency | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | £1 |
| Minimum Spread | -- |
| Products | indices, FX, commodities,equities |
| Currency | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
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- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
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- Underlying Risk
Capital
$(USD)
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WikiFX Data provideSpreadco · Company Summary
| Registered Country/Region | United Kingdom |
| Regulation | FCA |
| Minimum Deposit | $200 |
| Maximum Leverage | 1:30 |
| Minimum Spreads | 0.8 pips on the EUR/USD pair |
| Trading Platform | Web Platform, Mobile Apps |
| Demo Account | Yes |
| Trading Assets | Forex, Equities, Commodities, ETFs, Indices |
| Payment Methods | Bank wire transferDebit and credit cardSkrill |
| Customer Support | 5/24, Email, Phone |
General Information & Regulation
Spread Co Limited is a limited liability company registered in England and Wales with its registered office at 22 Bruton Street, London W1J 6QE. Company No. 05614477. Spread Co is an online spread betting and CFD broker specialising in forex, commodities, equities and indices. Spread Co Limited is authorised and regulated by the Financial Conduct Authority with regulatory license no. 446677.
Market Instruments
With a Spread Co account, investors can trade on a wide range of global markets, from major indices and global equities to foreign exchange currency pairs, commodities, crude oil, precious metals, and bitcoin, to meet a wide range of investment needs.
Account Types
Spread Co has two different types of accounts, the spread trading account and the CFD account. Minimum deposits depend on account types. To open a spread trading account, traders are required a minimum initial deposit of £200 and £250 for a CFD account.
Demo Account
Spread Co does offer a demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Spread Co demo account does not have a specific expiry date. Some features of the Spread Co demo accounts include the following:
Practice trading with £25,000 virtual funds
Develope you strategies with no risk
Learn how risk management tools work
Leverage
Leverage level offered by Spread Co do depends on the regulatory requirement you trading with and the brokerage operates. This applies due to various safety measures applied to eliminate the risks involved while trading, specially for retail traders.
With Spread Co, LverageTrading leverage vary by different instruments:
1:30 for Forex currency pairs,
1:10 for commodities
1:20 for indices
1:5 for enquities
Spreads & Commissions
Spread Co offers commission-free trading, and the broker only takes its cut from the spread. EURUSD spreads start from 0.8 pips, 4 pips for US Crude Oil, 4 pips for Gold, and 40 pips for Bitcoin/USD.
There are no other fee indicated for Spread Co, but traders are advised to verified fees pertainning to the following：
Account maintenance and management
Inactivity fees and Conversion fees
Trading Platforms
What Spread Co offers traders is not the MT4 trading platform, which is currently the most popular one, but its in-house developed online trading platform. This online trading platform requires no download and allows traders to customize their trading experience for experienced traders and novice traders. Anyway, lack of widely used MT4 & MT5 trading platforms really a drawback for such a big broker.
Deposit and Withdrawal of Spread Co
Spread Co allows traders to deposit and withdraw funds from their investment accounts via the following methods:
Credit Card;
UK Credit Card;
Bank Transfer;
Skrill
Spread Co does not charge traders any fees for withdrawals or deposits . Spread Co has no limit to how much you can fund via the platform, but the maximum amount which it can accept for your first payment is GBP500 via the phone. Successfully authorized payments will be available immediately.
Spread Co suppports the following deposit currencies when deposits and withdrawals are made to end from the trading account: GBP, USD, EUR.
Customer Support
Customer services are available in several options: email, whatapp, Live chat, and telephone.
Here are some contact details:
Telephone: 0800 078 9398
Email: info@spreadco.com
Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, and Youtube.
Educational Resources
Spread Co provides clients support through relationship managers that provide assistance as well as providing eucation. The broker provides educational library with multiple guides and video updates along with the market overview, platform, news and economic calendars.
Pros & Cons
| Pros | Cons |
| FCA-regulated | Additional non-trading fees |
| Competitive trading conditions | Limited product portfolios |
| 7/24 customer support | No Ilslamic account provided |
| Demo accounts available | Withdrawal fees are charged |
| No deposit fees | Conservative leverage |
| Commission-free CFD trading |
Frequently Asked Questions
Is Spread Co legal ？
Yes, Spread Co is a legal broker that adheres to rules and regulations stipulated by the FCA.
Does Spread Co offer a demo account？
Yes, Spread Co does offer a demo account that is valid for 2 weeks.
What is the maximum trading leverage offered by Spread Co？
The maximum trading leverage offered by Spread Co is up to 1:30.
What are the deposit and withdrawal methods supported by Spread Co ？
Payment methods supported by Spread Co include Bank Wire Transfer, Credit/Debit Cards, Skrill.
What is the overall rating for Spread Co ？
The overall rating for Spread Co is 7.06/10 based on its License Index, Business Index, Risk Management Index, Software Index and Regulatory Index.
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