Spread Co offers 0% financing on short index positions, Forex trading with no commissions, and fixed spreads through the SaturnTrader platform, which includes access to TradingView charts. The minimum order size for spread betting is £1.
Spread Co; Company Background and Regulatory Status
Spread Co Limited is a financial services firm authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
The company has been operating since 2006 under firm registration number 446677, providing trading services to clients globally. Key features of SpreadCo:
- 0% financing on short index positions
- Low margin requirements
- Fixed spreads
Traders can open either a Standard or Limited Risk account; the latter includes automatic guaranteed stop-loss features. Additionally, the broker provides both single-position and consolidated account formats to match varying portfolio strategies.
With its proprietary trading platform and commitment to simplified execution, Spread Co enables clients to trade forex, indices, equities, and commodities all from a single platform.
Spread Co Broker Specifications
The company offers spread betting, CFD, and Forex trading services, mostly to UK traders. Let’s take a quick look at what the Forex broker brings to the table.
Broker | Spread Co |
Account Types | CFD, Spread Betting |
Regulating Authorities | FCA |
Based Currencies | USD, EUR, GBP |
Minimum Deposit | $100 |
Deposit Methods | Credit/Debit Cards, Bank Transfer |
Withdrawal Methods | Credit/Debit Cards, Bank Transfer |
Minimum Order | 1 |
Maximum Leverage | 1:30 |
Investment Options | No |
Trading Platforms & Apps | Proprietary |
Markets | Equities, Commodities, Currencies, Indices |
Spread | Fixed |
Commission | $0 |
Orders Execution | Market |
Margin Call / Stop Out | 100% / 50% |
Trading Features | Mobile Trading, Spread Betting |
Affiliate Program | No |
Bonus & Promotions | No |
Islamic Account | N/A |
PAMM Account | N/A |
Customer Support Ways | Email, Tel, Live Chat |
Customer Support Hours | Monday to Friday 8 am-5:30 pm (UK time) |
Spread Co Account Types
The broker offers two main types of trading accounts: CFD (Contract for Difference) and Spread Betting.
Both account types allow traders to speculate on price movements of various financial instruments with the following key feature:
- Tax Treatment: While CFD profits are subject to Capital Gains Tax, spread betting profits are tax-free in the UK;
- Minimum Trade Sizes: Minimum trade size of £1 per point for spread betting, while CFD minimum trade sizes vary by instrument (e.g., €1 for equity CFDs);
- Stop Out Level: It’s 50%;
- Use leverage options of up to 1:30.
These accounts are suitable for retail traders seeking a cost-efficient and transparent way to trade.
Advantages and Disadvantages
Spread Co enables traders to enjoy tax-free profits on spread betting with a minimum bet size of £1.
To provide a balanced view in this Spread Co review, we examine the pros and cons of trading with the broker.
Pros | Cons |
FCA-regulated | Limited leverage options (up to 1:30) |
0% financing on short index positions | No support for MetaTrader or TradingView |
Diverse products (spread betting, CFD, and options) | Complex fee structure |
Low margin requirements | High entry barrier |
Registration and Verification
Getting started with the broker involves a structured sign-up journey, where traders provide personal details, financial suitability info, and select their account preferences. The Spread Co registration process is quick, typically under 10 minutes, and unlocks immediate dashboard access.
#1 Visit the Platform and Start Registration
Go to the Spread Co homepage and click "Start Trading" to begin the account setup.
#2 Enter Personal and Account Details
Select your account type (CFD or Spread Betting), base currency (USD, GBP, or EUR), and fill in your personal information, including:
- Full name
- Nationality
- Contact info
- Residential address
#3 Complete the Financial Questionnaire
Submit employment status, trading experience, and answer risk assessment questions. Accept the terms and click "Apply" to finalize your application.
Note: No phone or email verification is required for initial account creation, but full verification is needed for live trading.
#4 Proceed with the KYC Procedure
To fully access the platform's features, provide supporting documents, including:
- Proof of Identity: Passport, ID card, or Driving license
- Proof of Address:Utility bill, Bank statement, or tenancy agreement
Spread Co Broker Apps and Platforms
The company provides its proprietary "SaturnTrader" platform for web-based and mobile trading. Spread Co has partnered with the TradingView platform to provide market charts.
For additional analytical tools, you can check TradingFinder’s extensive list of TradingView indicators.
While the mobile software is available on Android and iOS devices, you can’t download it through Google Play Store or Apple App Store. To install the Spreadco application, you need to visit the following URL: “app.spreadco.com”.
Here are SaturnTrader's key features:
- Customizable layouts
- Real-time charting powered by TradingView
- Risk monitoring dashboards
- Automatic and guaranteed stop-loss functionality
This combination provides a tailored and streamlined experience for traders who prioritize flexibility and control.
Fees and Commissions
Spread Co offers a transparent fee structure. The broker charges no commissions on Commodity, Forex, and Index markets, with costs primarily coming from spreads and overnight financing.
While spreads are fixed, they vary based on the underlying instrument:
Market | CFD | Spread Betting |
Currencies | From 0.6p | From 0.8p |
Indices | From 0.3p | From 0.3p |
Commodities | From 0.03p | From 2.5p |
Equities | From 2.0p markup on US equities From 0.05% markup on UK equities | |
An added benefit is the broker’s 0% financing policy on short index positions, offering cost-efficient opportunities for bearish strategies.
Spread Co Deposit and Withdrawal
The broker, led by Ajay Pabari, has a traditional mindset towards payment methods, as it doesn’t accept e-wallets or cryptocurrencies. Spreadco only supports bank transfers and card payments.
Withdrawing to cards is only available when you request a payout to the deposit source. While credit/debit card transactions are free, bank withdrawals have a different story:
Method | Withdrawal Fee |
Same-day UK Bank Transfer | £10 |
International Bank Transfer | £15 |
Copy Trading and Investment Plans on SpreadCo
At the time of writing this Spread Co review, the broker does not offer a dedicated copy trading or social trading feature.
The website also doesn’t disclose any information about money management or investment services.
Spread Co Markets
Spread Co provides CFDs and Spread Betting on 1,000+ trading assets across four main asset classes, from the Forex market to Equities.
- Forex: 20+ Major, minor, and exotic currency pairs
- Indices: Global stock indices, including FTSE100, S&P500, and NDQ100
- Equities: UK and US equities and ETFs
- Commodities: Gold, Silver, WTI, and BRENT
Does Spread Co have Any Active Promotions?
The broker’s official website doesn’t indicate active promotions or affiliate programs, and SpreadCo does not offer interest rates on clients’ free margins.
While the lack of promotional and partnership programs can be a letdown for potential clients, you should consider all of the company’s offerings before deciding on your broker.
Spread Co Broker Customer Support
The company’s customer service team is available Monday to Friday, 8 am-5:30 pm (UK time), through live chat, phone calls, and email.
cs@spreadco.com | |
Tel 1 | +441923832682 |
Tel 2 | +448000789398 |
Live Chat | Available on the “Contact Us” page |
Support services are multilingual and aim to assist with platform navigation, account issues, and general trading inquiries. While support is not available on weekends, response times during working hours are generally reliable. Do note that availability may be reduced on UK public holidays.
Spread Co Geo-Restrictions
As a UK-based and FCA-regulated broker, the company primarily focuses on clients in the UK jurisdictions. However, non-EU residents too can use SpreadCo services with certain geographical restrictions in place:
- United States
- Canada
- Iran
- North Korea
- Yemen
Spread Co Reviews
The company has received mostly positive reviews from customers on the TrustPilot platform. 47 users have rated the broker, resulting in a Spread Co TrustPilot score of 4.4 out of 5.
Spread Co Educational Contents
The broker provides preliminary education through its website, covering the following topics:
- Trading guides on CFD, Spread Betting, and Forex
- Introduction to technical analysis
- Trading Strategies
- Glossary
While the content is not highly advanced, it is geared toward new traders seeking to understand fundamental analysis and concepts, as well as improve their platform fluency. Spread Co emphasizes ease of use and ongoing support for all trading goals.
You can also check TradingFinder's Forex education section for additional resources.
Spread Co Comparison Table
The table below provides a comprehensive comparison between Spread Co and other forex brokers:
Parameter | Spread Co Broker | IC Markets Broker | XM Broker | LiteForex Broker |
Regulation | FCA | FSA, CySEC, ASIC | ASIC, FSC, DFSA, CySEC | CySEC |
Minimum Spread | From 0.03p | From 0.0 Pips | From 0.6 Pips | From 0.0 Pips |
Commission | $0.0 | From $3 | $0 (except on Shares account) | From $0.0 |
Minimum Deposit | $100 | $200 | $5 | $50 |
Maximum Leverage | 1:30 | 1:500 | 1:1000 | 1:30 |
Trading Platforms | Proprietary Platform | Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets Mobile | MT4, MT5, Mobile App | MetaTrader 4, MetaTrader 5, Mobile Proprietary App |
Account Types | CFD, Spread Betting | Standard, Raw Spread, Islamic | Micro, Standard, Ultra Low, Shares | Classic, ECN, Demo |
Islamic Account | N/A | Yes | Yes | No |
Number of Tradable Assets | 1,000+ | 2,250+ | 1400+ | N/A |
Trade Execution | Market | Market | Market, Instant | Market |
Conclusion and Final Words
Spread Co provides access to 1,000+ trading instruments with leverage options of up to 1:30. It offers low margin requirements for FX trading, starting at 3.33%.
Spread Co broker has a TrustPilot score of 4.4. While the company serves a global clientele, it doesn’t accept US clients.