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Spread Co Review
Spread Co is a provider of forex trading, CFD and spread betting services. Traders can access a wide range of products in a variety of markets, including currencies, indices, shares and commodities.
Pros
- Used by 5,000+ traders
- Established in 2005
- Regulated by Financial Conduct Authority
- Min. deposit from $100
Cons
- Doesn’t allow scalping (See alternatives)
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
A minimum deposit of $100 is required for a live account. Spread Co, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 446677). All Spread Co client funds are held in a segregated bank account and they work with tier-1 banks. Spread Co was established in 2005.
Before we get into the specifics of Spread Co’s spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are Spread Co’s spreads & fees?
Spread Co, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.
The commissions and minimum spreads shown here are taken from Spread Co’s website.
| Forex | Spread Co | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 0.8 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 1 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 1 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 1 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 2.5 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 2.5 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 2.5 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 1 pips | 0.5 pips | 0.1 pips |
The spreads are variable and are displayed for information purposes.
As you can see, Spread Co’s minimum EUR/USD spread is 0.8 pips, which is high when compared to the average EUR/USD spread of 0.70 pips.
The table below compares the costs of trading one lot of EUR/USD with Spread Co vs. similar brokers.
How much does Spread Co charge to trade 1 lot of EUR/USD?
You would likely spend $15.7 if you bought one standard lot of EUR/USD (100k units) with Spread Co at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.
| Spread Co | IG | XTB | |
| Spread from: | $ 8.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 8.00 | $ 6.00 | $ 2.00 |
| $2 less | $6 less | ||
| VISIT SPREAD CO | VISIT IG | VISIT XTB |
Fees and quotes are displayed for information purposes and could change.
What can you trade with Spread Co?
Over 1,157 different instruments, including over 40 currency pairs, are available to trade at Spread Co. Below, we’ve summarized all of Spread Co’s several types of instruments, as well as the instruments given by IG and XTB for comparison.
| FX / Currencies | Spread Co | IG | XTB |
| # of forex pairs offered | 40 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | No | Yes | Yes |
| Commodity CFDs | Spread Co | IG | XTB |
| # of commodities offered | 2 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | Spread Co | IG | XTB |
| # of stocks offered | 1000 | 8000 | 1606 |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| SEE SPREAD CO’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the Spread Co trading experience like?
1) Platforms and apps
Spread Co provides a user-friendly custom trading platform that can be accessed via a browser. If you’re looking for a MetaTrader broker, check out our MT4 broker comparison.
They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.
Still not sure?
Open a demo account and learn how to trade.
2) Executing Trades
You can trade as little as £1 Lot with Spread Co. Depending on the account you open, this may differ. The maximum trade size varies as well. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because Spread Co offers STP execution.
Spread Co, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.
Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.
Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
We have included a list of some of the most common funding options that Spread Co provides to its traders.
Trading Features:
- Allows hedging
- Low min deposit
Accounts offered:
- Demo account
- Standard account
Funding methods:
- Credit cards
- Bank Transfer
- Skrill
- Payoneer
3) Client support
Spread Co offers support in these languages: English and German.
4) What you’ll need to open an account with Spread Co
Because Spread Co is regulated by the Financial Conduct Authority, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:
- a color copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.
You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.
To begin the on-boarding process with Spread Co, you can go to their website.
79% of retail investor accounts lose money when trading CFDs with this provider.
