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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.
