Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Spread Co Pros & Cons
- FCA regulation and segregation of client funds.
- No deposit fees for any payment method.
- Trading platform with TradingView charts.
- Access to a wide range of markets with CFD and spread betting formats.
- Negative balance protection for retail clients.
- No minimum deposit requirement (GBP 100 recommended).
- Online account opening through the broker’s website.
- Limited selection of trading platforms.
- No bonuses, trader competitions, or online chat on the website.
- Fee charged for expedited withdrawals (£10 to £15).
TU Expert Verdict
Spread Co demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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Spread Co User Reviews
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5-star
0%
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4-star
0%
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3-star
25%
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2-star
0%
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1-star
75%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria9 /10The trading and non-trading commissions of Spread Co have been analyzed and rated as having Low fees, with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is Spread Co Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9 /10Spread Co has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Regulated in the UK
- Track record over 20 years
- No negative balance protection
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.0 /10Spread Co offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Standard account with balanced trading conditions
- Tight spread ECN account
- No Cent account
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.3 /10Spread Co received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.5 /10Spread Co provides a standard range of trading assets in line with the market average. The platform includes 1000 assets in total and 38 Forex currency pairs.
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Trading Account Opening
We successfully registered an account with Spread Co in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Spread Co is $200.Score:We evaluated Trading Account Opening at Spread Co by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at Spread Co by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria2.3 /10
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FAQs
How is Spread Co regulated and what client protection measures are mentioned in reviews of its safety?
Spread Co is regulated by the UK Financial Conduct Authority (FCA), a Tier-1 regulator, and has been operating since 2006, which contributes to its safety score of 9/10 and a High security level in this review. The section notes participation in an investor protection fund of up to £85,000 and mandatory KYC, but also specifies that negative balance protection is not provided for all services.
What account types does Spread Co offer and what are the key differences between them?
Spread Co offers Demo, Standard, and ECN/Raw spread accounts, as well as separate Spread Betting and CFD accounts tailored to different trading formats and experience levels. The Spread Betting account provides access to more than 1,000 markets with minimum stakes from £1 and includes negative balance protection, while the CFD account offers spreads from 1.5 pips on EUR/USD with no trading commissions or stamp duty and no overnight charges on short index positions; there is no Cent, Micro, Swap Free, VIP, or Managed account option, and there is no mandatory minimum deposit, though at least GBP 100 is recommended.
What do user reviews and feedback say about overall satisfaction with Spread Co?
The user satisfaction score for Spread Co is 3/10 based on 8 reviews, with 75% of ratings at 1 star and 25% at 3 stars, indicating that overall reviews are mostly negative. According to user reviews, there are no 4- or 5-star ratings in the data presented in this section.
How do reviews describe the account opening process and verification requirements at Spread Co?
The account opening process at Spread Co is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days, and the minimum deposit stated in this section is $200. Based on available user reviews in this block, the procedure is described as accessible and relatively hassle-free, although approval times may vary depending on the documents provided and the process can sometimes take longer than expected.
What do reviews and feedback reveal about the quality of customer support at Spread Co?
Spread Co’s customer support is assessed with a low safety score of 2.3/10 in this section, noting that contacting support can be difficult and responses may be delayed or incomplete. Support is available Monday to Friday from 9:00 to 17:30 UK time via email, phone, Facebook, and X, but there are relatively few communication channels and no website chat, which the review suggests may pose challenges for users who need timely assistance.
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