Spread Co Review 2019 | Is Spread Co a Scam or Legit Forex Broker?

Read our Spread Co review to find out if Spread Co is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.2/ 5

Rating breakdown

Protection & Regulations
80% Complete (danger)
4.0/5
Trading platforms
20% Complete (danger)
1.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
Spread Co
Spread Co Overview

SpreadCo is an online Forex, CFD and spread betting broker founded in 2010 in London, UK. The brand offers the trading of currencies, CFDs on stocks, indices, bonds, commodities as well as the tax-free spread betting product. They have a proprietary trading platform.

# Broker's Features SPREAD CO Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Spread Co.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Spread Co offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Futures.

Tradable Products: Spread Co.com offers 3 main types of trade types for its traders. They can trade in the spot forex market, CFDs and spread betting. Spread Co offers 38 currency pairs, 5 commodities, 5 indices,1 cryptocurrency asset, 47 ETFs and over 1000 stocks for trading.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Spread Co recommended minimum capital is $250.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Spread Co is regulated by FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Spread Co is authorized and regulated by the FCA in the UK. It is registered with the FCA with the registration number 446677 Investors are protected by being provided with a regulated trading environment, using a Secured Socket Layer (SSL) protocol to protect user and account data, as well as funds segregation.

Payment methods: Next lets have a look at each broker's payment options. Spread Co offers Credit Card, Skrill, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: UK Debit Cards, Major Credit/Debit Cards, Bank Transfer and Skrill are the acceptable payment options by Spread Co. There are no deposit fees and payments are processed instantly.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Spread Co makes Proprietary available to clients.

Web & Desktop Trading Platforms: Unlike most established forex and CFDs brokers in the online trading industry, Spread Co.com doesn’t provide its traders with the MetaTrader 4 trading platform. Instead, the broker uses a proprietary web based trading platform called the Saturn trading platform. The platform is web based and runs on the web browser.
Mobile Trading Platforms: The Spread Co Trading platform is also designed for mobile trading. It is available on the iOS and Android operating systems. The mobile app has many features which include ability to enter trade information seamlessly, perform technical analysis and provision of market news.

Other

Trader Education
Spread Co only provides articles and tips to give new trader guidelines on how to trade successfully. Again, trader education on Spread Co needs to be expanded for better competitiveness.

Promotions
As a regulated entity of the FCA, Spread Co.com does not offer any kind of bonuses or promotional offers. Only the 2% interest on balance is given to clients

Support
The customer support desk is available 5 days a week on phone, web chat, email and social media. These communication channels are managed by the support team from Monday to Friday 8am-6pm (UK time). The support is very helpful, respectful and knowledgeable.

Final Thoughts
Spread Co is accepted by traders as they have been in operation for over a decade. They are a good choice for simple traders who do not use any complicated trading style.

Trading Experience
Spread Co is accepted by traders as they have been in operation for over a decade. They are a good choice for simple traders who do not use any complicated trading style.

People Also Asked

Is Spread Co regulated?
Yes, Spread Co is regulated by top-tier regulators, FCA inclusive.
Where is Spread Co based?
Spread Co is based in , United Kingdom
How does Spread Co make money?
Spread Co charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in Spread Co account?
With Spread Co you can deposit money via the following means; Credit Card, Skrill, Wire Transfer.
How do I withdrawal in Spread Co account?
Spread Co lets you request a withdrawal of funds from your account via the following means; Credit Card, Skrill, Wire Transfer.
What is the minimum deposit for Spread Co?
Spread Co has $250 minimum deposit.
What are the available account base currencies with Spread Co?
Spread Co trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Spread Co?
Spread Co has a maximum leverage is 1:30 for professional traders.
How do I open an account with Spread Co?
Opening an account with Spread Co is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Spread Co use MetaTrader?
Spread Co platforms: No, Spread Co do not use MetaTrader but it uses the following platforms: Proprietary
What type of broker is Spread Co?
Spread Co appears to be a N/A broker which offers market access to a variety of traders.
Does Spread Co accept US clients?
No
Does Spread Co offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Spread Co: You can trade a wide variety of instruments with Spread Co: Currencies, Commodities, Indices, Stocks, Futures