Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

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
Tradeo
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 TRADEO
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
About

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

Tradeo is regulated by CySEC and have provided Forex, CFD, and social trading services since 2011.

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 7 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
Headquarters London, UK Limassol, Cyprus Dublin, Ireland

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting Yes No Yes
Social Trading No Yes Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 40 41 59
Commodities Offered 2 70 16
Stocks Offered 1000 0 99
Bitcoin No Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No No
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei No Yes Yes
ETFs Yes No Yes
IPO Yes No Yes
See all instruments

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

See all instruments

80% 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.

PLATFORM & FEATURES

See the platforms and features offered by each broker

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

APPS

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

English and German

English, Russian, German, Italian, Spanish, Chinese, Portuguese, and French

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

80% 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.

ACCOUNT INFORMATION

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

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

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

See account options

80% 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.

TRADING CONDITIONS

Scalping No Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server No No No
Direct market access No No Yes
STP broker No Yes No
Market maker Yes Yes Yes
Min trade £1 0.01 Lot 0.01 Lot
Max trade None None None
Min deposit $100 $250 $250

RISK MANAGEMENT

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

FUNDING METHODS

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

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

See all funding options

80% 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.

DETAILED INFO

Excluded countries US, MA, DZ, TN, IR US, MA, DZ, TN, IR BE,BR,NZ,US,KE,IN,GH
Contact email Send Email Send Email Send Email
Phone number 0800 078 9398 44-203-695-8555 (44) (0) 8005200423
Live Chat Yes No Yes
Website https://www.spreadco.com/ https://tradeo.com/ http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) 0.8 pips 2.7 pips 1.3 pips
GBP/USD (Average: 1.1 pips) Not offered 4.0 pips 2.0 pips
USD/JPY (Average: 1.1 pips) Not offered 3.5 pips 1.5 pips
AUD/USD (Average: 0.8 pips) Not offered 3.1 pips 1.8 pips
USD/CHF (Average: 2.3 pips) Not offered 3.7 pips 2.0 pips
USD/CAD (Average: 2.9 pips) Not offered 4.1 pips 2.5 pips
NZD/USD (Average: 3.6 pips) Not offered 4.5 pips 2.8 pips
EUR/GBP (Average: 2.4 pips) Not offered 3.7 pips 2.0 pips
View all spreads

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

View all spreads

80% 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.

FEES

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

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

View All Fees

80% 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.

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Last update

All information collected from https://www.spreadco.com/. Last updated on 01/10/2019.

All information collected from https://tradeo.com/. Last updated on 01/10/2019.

All information collected from http://www.avatrade.com/. Last updated on 01/10/2019.

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.

Tradeo focuses on transparency, flexibility and reliability to provide traders a positive platform for their trading experience. Tradeo has been featured on many leading publications including TechCrunch, Mashable, The Wall Street Journal and the Dow Jones to name a few.

As a STP Broker, Tradeo does not make their profits based up client losses, they are paid based upon the volume based commissions so their success is tied with their traders success. With no conflict of interest between Tradeo and their traders you can be rest assured that Tradeo values providing the best trading conditions possible through competitive pricing and fast, transparent execution.

The social side of Tradeo allows you to view other traders activities and share your own and receive feedback from the community. Tradeo also allows traders to automatically copy the trading strategies of the leading traders and benefit from the expertise of the top traders.

If you value bank level security, CySec Regulation, transparent pricing and 24 hour support, Tradeo is the broker for you.

For more information about trading with Tradeo, we have put together an indepth Tradeo 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.

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Spread Co or Tradeo?

Low spreads or access to MT4?

If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, Spread Co is likely a better option. However, if you want a broker that offers MetaTrader4 as a trading platform, Tradeo 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 Spread Co and Tradeo to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Spread Co is regulated by Financial Conduct Authority, while Tradeo is regulated by CySEC.

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.

AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI

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 14 years, while Tradeo have been around for 8 years. Our third alternative broker, AvaTrade, have been around for 13 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 Tradeo 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 Tradeo 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.

Spread Co is more popular with over 5,000 traders.

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 Tradeo 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 Tradeo are based in Limassol, Cyprus .

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 Tradeo offer forex trading. Tradeo have a slightly larger variety of currency pairs with 41 pairs, compared to 40 offered by Spread Co. Also, if you’re looking to trade cryptocurrencies, Tradeo offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

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

Tradeo 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 Tradeo also allows scalping and hedging. You can't trade with EAs (expert advisors) on Spread Co but you can trade EAs (expert advisors) with Tradeo.

In terms of risk management tools, neither Spread Co or Tradeo 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 Tradeo accept Neteller.

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 and Tradeo both charge points. Therefore, both brokers are equally affordable for this instrument. 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 Tradeo?

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

Objectively, Tradeo is more reliable based on our criteria above. Tradeo has a wider range of instruments to trade. Tradeo 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.