61.8% of retail investor accounts lose money when trading CFDs with this provider
Spread Co is a forex, CFD and spread betting broker. They give traders access to major markets like currencies, indices, commodities and shares.
To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, Spread Co offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 446677). Spread Co puts all client funds in a segregated bank account and uses tier-1 banks for this. Spread Co has been established since 2005, and have a head office in .
Before we dive into some of the more detailed aspects of Spread Co’s spreads, fees, platforms and trading features, you may want to open Spread Co’s website in a new tab by clicking the button below in order to see the latest information directly from Spread Co.
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61.8% of retail investor accounts lose money when trading CFDs with this provider
Like most brokers, Spread Co takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on Spread Co’s website. The colour bars show how competitive Spread Co's spreads are in comparison to other popular brokers featured on BrokerNotes.
Spreads are dynamic and are for informational purposes only.
As you can see, Spread Co’s minimum spread for trading EUR/USD is 0.8 pips - which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Spread Co vs. similar brokers.
See all SpreadsIf you were to buy one standard lot of EUR/USD (100k units) with Spread Co at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $15.7. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
| Spread Co | XTB | AvaTrade | |
|---|---|---|---|
| Spread from: | $ 0.00 | $ 2.00 | $ 7.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 0.00 | $ 2.00 | $ 7.00 |
| $2 more | $7 more | ||
| Visit Spread Co | Visit XTB | Visit AvaTrade |
All fees/prices are for informational purposes and are subject to change.
Spread Co offers over 1,157 different instruments to trade, including over 40 currency pairs. We’ve summarised all of the different types of instruments offered by Spread Co below, along with the instruments offered by XTB and AvaTrade for comparison.
| FX / Currencies | Spread Co | XTB | AvaTrade |
|---|---|---|---|
| # of forex pairs offered | 40 | 48 | 59 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies | No | Yes | Yes |
| Commodity CFDs | Spread Co | XTB | AvaTrade |
|---|---|---|---|
| # of commodities offered | 2 | 21 | 16 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | Spread Co | XTB | AvaTrade |
|---|---|---|---|
| # of stocks offered | 1000 | 1606 | 99 |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| See Spread Co's Instruments | See XTB's Instruments | See AvaTrade's Instruments |
Spread Co offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here
Spread Co also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See Spread Co's platforms
Spread Co allows you to execute a minimum trade of £1. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.
As a market maker, Spread Co may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Spread Co offers its traders below.
Spread Co support a limited number including English and German.
Spread Co has a BrokerNotes D support rating because Spread Co less customer support features compared to other brokers like live chat, phone and email support.
As Spread Co is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Spread Co’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Spread Co you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.spreadco.com/ on 01/07/2020.
