Spread Co reviews

Spread Co_logo Spread Co 5/10 (votes 2372)

On-line since: 2006
Country of origin: Great Britain
Regulation: FCA
Payment options: wire and electronic transfers, credit cards, Skrill
Minimum account size: GBP 200
Minimum lot size: 0.01
Leverage: up to 1:200
Spreads: fixed

Safely of funds

Spread Co is a brand of Britain`s company Spread Co Limited headquartered in London. For more than 10 years, the broker has been offering spread betting as well as CFD and forex trading.

Spread Co Limited is regulated by the Financial Conduct Authority. This allows each client to contact the Financial Services Compensation Scheme or the Financial Ombudsman Service that settles complaints between consumers and businesses.

As required by the FCA, all customer funds are kept in segregated accounts with Barclays Bank. This ensures that customer funds can be used only for the purpose they were originally intended for.

Trading conditions

There are two account types available for Spread Co clients: CFD Account and Spread Betting.

Investors can trade such financial instruments as stocks, indices, and currency pairs. The maximum leverage is 1:200. Spreads are fixed.

Spread Co offers customers to conduct trading through its own advanced platform that provides opportunities from setting time frames for transactions to customizable risk management tools. The software is available for desktop and mobile devices.

Bonuses and promotions

We did not find any information about current promotions and bonuses on the broker`s website.

Training

Users can try their hand at trading by opening a demo account.

Beginners have access to a glossary and FAQ section. Besides, there are detailed instructions for working with each type of products on the company`s website. The broker provides the up-to-date market news to all its clients, including those using a demo account only.

Support service

Traders can contact the support service via online chat, web form, email, or phone (during business hours only). In addition, it is possible to ask a question through WhatsApp.

The broker has accounts on Twitter and Facebook.

Deposit and withdrawal of funds

The account can be opened in pounds sterling, euros, or US dollars.

The minimum deposit for Spread Betting and CFD accounts is GBP 200 and GBP 250, respectively.

You can deposit or withdraw funds through a bank card, wire transfer, or Skrill.

The commission on withdrawals to a credit card is 2%, to a Skrill account - 1%. The broker does not charge any fees for withdrawing funds to a bank account or debit card.

Feedback from traders

Users facing withdrawal issues often complain about delayed response from the support service. Claims and disputable situations are considered for quite a long time.

Pros and cons

The advantages of Spread Co include its regulation, extensive experience in the market, competitive spreads, and a wide range of trading instruments.

Among the disadvantages of Spread Co are the inability to use well-known platforms, as well as limited training materials.

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Comments about broker

Laxmi trader
review Spread Co
10-09-21

My trading activities at Spread Co are decent. What I just don't like is that the customer support team is not prompt in responding to messages. They take a while before attending to my concern even though I am already using the live chat.

CurryFX trader
review Spread Co
10-09-21

I am very pleased with their system and the profit they provide. The platform worked very well and nicely with fast execution and less delay. I always trade with a deposit of GBP 200 and lot size 0.01, and I earned profit of almost 45% and 50% from my capital. I think it's a nice profit amount, and last week, I withdrew 30% of the profit directly from my trading account via Skrill, which was completed within 6 hours with no delay at all. With all my trading experience, for me, Spread Co is a reliable broker.

Barista trader
review Spread Co
03-05-21

I have experienced too many re-quotes on the Spread Co platform and their platform didn't respond on time. So I can't trade well and my $250 investment in risk with them. I think Spread Co are a bogus broker in the market.

Hazman trader
review Spread Co
23-12-20

If you do not want to lose your money, I suggest to keep away from Spread Co. Their trading platform frequently malfunctions and it is difficult to place an order. Your order would most likely be executed at a different price and it would also be closed automatically at a losing position. I already closed my account with them before I lose the remaining balance.

Matthew trader
review Spread Co
15-12-20

Spread Co is a recommended broker. They are always doing everything professionally. I have been trading with them for two years, that too they still providing the best service. The trading platform that they give still stable since the beginning I trade with them, spreads still fixed, and rarely get significant trouble. Order executions still fast and instant, and no negative slippage this far. Dealing with them is also profitable, they also process deposits or withdrawal quickly. I never had a problem on withdrawing my profit, it always successful on time as I expect. I am still trading with Spread Co, and will always trade with them.

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