According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- FCA
- 2000
Our Evaluation of Spread Co
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Spread Co is a moderate-risk broker with the TU Overall Score of 5.46 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Spread Co clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at Spread Co
Spread Co is fully regulated by a UK trustworthy regulatory body - the Financial Conduct Authority (FCA, 446677). In addition, the FCA regulation gives the company's customers a right to get compensation under the Financial Services Compensation Scheme and the Financial Ombudsman Service in case of a complaint or the company's malfunction. Spread Co is a reliable financial services provider holding on of the leading positions in the field of spread betting, contracts for difference (CFD), and forex trading services. Established in 2006, Spread Co has been giving traders access to a full range of assets in the global financial markets – equities, indices, currencies, and commodities – ever since.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
TU Expert Advice
Author, Financial Expert at Traders Union
Spread Co provides trading services with a focus on Forex, indices, stocks, and commodities across Spread Co platforms, mobile platforms, and a web platform. Traders can choose from various account types with leverage up to 1:200 and a minimum deposit of $200. Benefits include low Forex trading fees, tight market spreads, and the absence of deposit and withdrawal fees, enhancing cost efficiency for traders.
On the downside, Spread Co faces challenges such as a complex fee structure for some markets, limited payment options, and the absence of negative balance protection. Crypto trading is not available, which may not appeal to crypto-focused traders. While regulated by the FCA, its suitability may vary: experienced traders could benefit from its tight spreads and low fees, but beginners or those requiring diverse trading assets and payment flexibility may seek alternatives.
Spread Co Trading Conditions
| 💻 Trading platform: | Spread Co Platforms, Mobile Platforms, Web Platform |
|---|---|
| 📊 Accounts: | Standart Account: Spread Free Basic, Spread Free Bronze, CFD Account |
| 💰 Account currency: | EUR, GBP, USD |
| 💵 Deposit / Withdrawal: | Bank Transfer, Credit/Debit Cards- Visa/MasterCard, UK Maestro, Visa-Delta and Electron cards. e-Wallets – Skrill |
| 🚀 Minimum deposit: | 200 USD |
| ⚖️ Leverage: | 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex, Indices, Equities, Commodities |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
Spread Co Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Regulation and safety
Spread 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 25 years
- No negative balance protection
Spread Co Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FCA UK |
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
Spread Co Security Factors
| Foundation date | 2000 |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Spread Co have been analyzed and rated as Low with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone 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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Spread Co with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Spread Co’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Spread Co Standard spreads
| Spread Co | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,8 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,8 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,4 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Spread Co RAW/ECN spreads
| Spread Co | Pepperstone | OANDA | |
| Commission ($ per lot) | 2 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Spread Co. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Spread Co Non-Trading Fees
| Spread Co | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0-10 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Deposit and withdrawal
Spread Co received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Spread Co offers limited payment options and accessibility, which may impact its competitiveness.
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Bank wire transfers available
- No withdrawal fee
- Only major base currencies available
- Wise not supported
- USDT payments not accepted
What are Spread Co deposit and withdrawal options?
Spread Co offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Spread Co less competitive for those seeking diverse payment options.
Spread Co Deposit and Withdrawal Methods vs Competitors
| Spread Co | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Spread Co base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Spread Co supports the following base account currencies:
What are Spread Co's minimum deposit and withdrawal amounts?
The minimum deposit on Spread Co is $200, while the minimum withdrawal amount is $£10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Spread Co’s support team.
Markets and tradable assets
Spread 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.
- ETFs investing
- Indices trading
- 1000 assets for trading
- Futures not available
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Spread Co with its competitors, making it easier for you to find the perfect fit.
| Spread Co | Plus500 | Pepperstone | |
| Currency pairs | 38 | 60 | 90 |
| Total tradable assets | 1000 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Spread Co offers for beginner traders and investors who prefer not to engage in active trading.
| Spread Co | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2000 |
|---|---|
| Registration address | office at 22 Bruton Street, London W1J 6QE. Company No. 05614477 |
| Regulation |
FCA
Licence number: 446677 |
| Official site | spreadco.com |
| Contacts |
0800 078 9398, +44 (0) 1923 832 682
|
Comparison of Spread Co with other Brokers
| Spread Co | Eightcap | XM Group | RoboForex | VT Markets | NPBFX | |
| Trading platform |
Spread Co Platforms, MobileTrading, WebTrader | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4 |
| Min deposit | $200 | $100 | $5 | $10 | $50 | $10 |
| Leverage |
From 1:1 to 1:200 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:200 to 1:1000 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0.4 points |
| Level of margin call / stop out |
100% / 50% | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | No / 30% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i