This is a classic British broker who provides services in online format, working with this company you get access to trade on currency pairs, stocks, CFDs, indices, cryptocurrencies and some commodities. The company has been around for more than 15 years, provides low spreads, which is a definite plus for customers trading intraday.
For many clients will benefit from the fact that the company provides project efficiency, it allows you to determine your costs before opening a trade.
Spread Co makes it absolutely simple and easy to open a trading account because spreads are low and fixed, the client will always determine his own level of expenses. The company offers a good choice of trading platforms, training will be sufficient for a client with no trading experience, also for the withdrawal of profits or deposit to the trading account several options are offered.
The disadvantage is the lack of round the clock customer support, and some restrictions on the assets offered for trading. Available only the markets of currency pairs, contract for difference, and it is worth paying attention to the fact that trading in contracts for shares has a rather high percentage.
The broker has a license FCA, so it is considered reliable enough, the risks are minimized. The company also participates in the deposit compensation system in case of bankruptcy or liquidation. You can also send a complaint to the financial ombudsman.
As for the leverage, it entirely depends on the markets in which you trade. Find out the necessary information from the support service in advance.
If you work in a British jurisdiction, the company complies with the rules, which are valid for clients from this jurisdiction. This is monitored by the regulator ESMA, the maximum leverage available to the company 1:30, but for some positions, such as cryptocurrency, does not exceed 1:5, and there is no tax on capital gains, it is an undeniable advantage of the company.
Types of accounts
Spread Co does not provide any choice to use different account types, but you can choose some settings which will suit you best for your trading style, your strategy. This is a choice between spread betting and CFD account.
After downloading the necessary data, you will be given a demo account, which, when you make a deposit, will be immediately transferred to a real account. What is the opportunity to start trading.
Fund Deposit and Withdrawal
Naturally, to trade you need to deposit trading funds, but it takes a little time, no more than 3 minutes for the standard method. There are several options for depositing to the account, this bank transaction, international credit card payment, also electronic payment system Skrill.
For the trading account, which involves betting on the minimum level of the deposit is 200 pounds, for the account, which involves trading contracts on the price difference the minimum level of the trading account is 250 pounds.
The company does not charge a commission for depositing funds, however, intermediary companies may charge some fees for the transaction. It is worth considering these costs as well. Withdrawal methods correspond to the options for depositing a trading account, but there is a minimum withdrawal amount – 50 pounds.
The trading platform offered
Spread Co offers a proprietary platform that offers all trading options regardless of where the client is located. It does not require a download, accordingly it is a browser-based platform that can be accessed from any device. Many useful features for analyzing and opening trades are already loaded, so both new clients and experienced traders will receive the necessary functionality to generate income.
Each client receives a dedicated account manager who not only helps with technical issues, but also provides everything you need for educational purposes. There is a whole library of training materials that consists of various manuals, videos. There are various tutorials on the platforms, and the current news and calendar of economic events are also offered.
Analyzing Spread Co, we are convinced that more than a decade of experience with this company has not been in vain, the company does offer a good selection of trading instruments, convenient for some traders a fixed spread size will not cause much trouble for customers. It will be unusual, but the well-known MT4 platform is not provided by this broker for work, but Spread Co has developed a platform, which presents almost the same functionality and gives the opportunity to trade with real quotes.