CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Spread Co
7.9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT SPREAD CO
AvaTrade
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AVATRADE
0 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT
About

Spread Co is regulated by the Financial Conduct Authority. Spread Co have provided Forex trading services since 2005.

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Why choose them?
  • Yes Over 13 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
  • Yes
  • Yes
  • Yes
Headquarters London, UK Dublin, Ireland

TRADING SERVICES OFFERED

Forex (CFD) Yes Yes No
CFD Yes Yes No
Spread Betting Yes Yes No
Social Trading No Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 40 59
Commodities Offered 2 16
Stocks Offered 1000 99
Bitcoin No Yes No
Majors Yes Yes No
Indices Yes Yes No
US Stocks Yes Yes No
Penny stocks No No No
Energies Yes Yes No
Metals Yes Yes No
Agriculturals Yes Yes No
FTSE Yes Yes No
Dow Jones Yes Yes No
Dax Yes Yes No
Nikkei No Yes No
ETFs Yes Yes No
IPO Yes Yes No
See all instruments

61.8% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes No
MT5 No Yes No
MT4 Mac No Yes No
WebTrader Yes Yes No
Mirror Trader No Yes No
ZuluTrade No Yes No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms Spread Co AvaTradeAct, AVAOptions No

APPS

iOS image Yes Yes No
Android image Yes Yes No
Windows image No No No
Available Languages

English and German

English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch

See platform & features

61.8% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Spread Co and AvaTrade

Demo account Yes Yes No
Mini account No Yes No
Micro account No Yes No
Standard account Yes Yes No
ECN Account No No No
Islamic account No Yes No
Zero spread account No No No
VIP account No Yes No
Fixed spreads Yes Yes No
Variable spreads No Yes No
See account options

61.8% of retail investor accounts lose money when trading CFDs with this provider

See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

See account options

TRADING CONDITIONS

Scalping No Yes No
Hedging Yes Yes No
Expert advisors (EAs) No Yes No
Virtual private server No No No
Direct market access No Yes No
STP broker No No No
Market maker Yes Yes No
Min trade £1 0.01 Lot
Max trade None None
Min deposit $100 $100

RISK MANAGEMENT

Stop losses Yes Yes No
Limit orders Yes Yes No
One-click trading Yes Yes No
Trailing stops Yes Yes No
Price alerts No Yes No
Signal trading No Yes No

FUNDING METHODS

Credit card Yes Yes No
Bank transfer Yes Yes No
Standard account Yes Yes No
Paypal No Yes No
Neteller No Yes No
Skrill Yes Yes No
Payment processing time Varies Varies
Withdrawal processing time Varies Varies
See all funding options

61.8% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

DETAILED INFO

Excluded countries BE,BR,NZ,US,KE,IN,GH BE,BR,NZ,US,KE,IN,GH
Contact email Send Email Send Email Send Email
Phone number 0800 078 9398 (44) (0) 8005200423
Live Chat Yes Yes
Website https://www.spreadco.com/ http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) 0.8 pips 0.9 pips Not offered
GBP/USD (Average: 1.1 pips) Not offered 1.6 pips Not offered
USD/JPY (Average: 1.1 pips) Not offered 1.1 pips Not offered
AUD/USD (Average: 0.8 pips) Not offered 1.1 pips Not offered
USD/CHF (Average: 2.3 pips) Not offered 1.6 pips Not offered
USD/CAD (Average: 2.9 pips) Not offered 2.0 pips Not offered
NZD/USD (Average: 3.6 pips) Not offered 1.8 pips Not offered
EUR/GBP (Average: 2.4 pips) Not offered 1.5 pips Not offered
View all spreads

61.8% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

FEES

Inactivity Fee No No
Commission No No
Deposit Fee Varies No
Withdrawal Fee Varies No
View All Fees

61.8% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

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Last update

All information collected from https://www.spreadco.com/. Last updated on 01/10/2021.

All information collected from http://www.avatrade.com/. Last updated on 01/10/2021.

All information collected from . Last updated on 01/10/2021.

Company

Since 2006 Spread CO have been a global leader in spread betting and CFD services with their competitive spreads, low margins and growing trading community. They provide fixed spreads so you know the spread you see is the spread you get. Every Spread Co client is assigned a dedicated relationship manage who will not only help you get get started on their trading platform but also keep you informed with market updates. The benefits of trading with Spread Co include tight, fixed spreads, no finance charges on short index or equity positions, low margins, relationship manger combined with their trusted reliable platform and ultra low commissions. Spread Co is also regulated by the stringent Financial Conduct Authority making them a great option for those looking for a trusted spread betting or CFD service provider.

For more information about trading with Spread Co, we have put together an indepth Spread Co review with all the pros and cons about this broker.

Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.

For more information about trading with AvaTrade, we have put together an indepth AvaTrade review with the pros and cons about this broker.

Popular comparisons

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Alternatives

Spread Co or AvaTrade?

A wide range of instruments or access to MT4?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Spread Co is likely the better option out of these brokers. However, if you want a broker that offers MetaTrader4 as a trading platform, AvaTrade may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider AvaTrade to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Spread Co is regulated by Financial Conduct Authority, while AvaTrade is regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Spread Co will have very strict guidelines to follow to ensure they protect their retail trader clients.

are regulated by

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Spread Co has been around for 16 years, while AvaTrade have been around for 15 years. Our third alternative broker, , have been around for 2021 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Spread Co and AvaTrade use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Spread Co or AvaTrade in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

According to their websites, Spread Co is more popular with over 5,000 traders, while AvaTrade is used by 200,000 traders. , in comparison, is used by 0.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Spread Co and AvaTrade are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Spread Co are based in London, UK, while AvaTrade are based in Dublin, Ireland .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Spread Co and AvaTrade offer forex trading. AvaTrade have a slightly larger variety of currency pairs with 59 pairs, compared to 40 offered by Spread Co. Also, if you’re looking to trade cryptocurrencies, AvaTrade offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both Spread Co and AvaTrade allow you to trade commodities like gold, silver and crude oil.

AvaTrade also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AvaTrade, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Spread Co does not allow scalping but allows hedging. While AvaTrade also allows scalping and hedging. You can't trade with EAs (expert advisors) on Spread Co but you can trade EAs (expert advisors) with AvaTrade.

In terms of risk management tools, neither Spread Co or AvaTrade offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Spread Co also offer stop losses and limit orders to help you automate aspects of your trading strategy.

Spread Co accept Skrill while AvaTrade accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Spread Co charges points, while AvaTrade charges 0.70 points. Therefore, Spread Co is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Spread Co or AvaTrade?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, AvaTrade is more reliable based on our criteria above. AvaTrade has a wider range of instruments to trade. AvaTrade offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.