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
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 CFD for equities);
- Stop Out Level: It’s 50%;
- Use leverage options of up to 1:30.
Registration and Verification
To open an account with Spread Co, you must be over 18 and complete a registration and verification process.
- Visit the broker’s official website;
- Click “Start Trading”;
- Select your account type and preferred currency;
- Fill out the personal details;
- Provide address details;
- Specify your employment status;
- Indicate your trading experience;
- Provide proof of identity (passport, ID card, or driving license) and 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 TradingView 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”.
Spread Co Deposit and Withdrawal
The broker, led by Ajay Pabari, has a traditional mindset towards payment methods since 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.
If you’re looking for a copy trading service because you lack market knowledge, you can visit our Forex education to familiarize yourself with the market and learn its ins and outs.
Spread Co Markets
Spread Co provides CFDs and Spread Betting on 1,000+ trading assets across four main asset classes, from Currencies 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 |
Note that the working hours may vary on bank and national holidays.
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.
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.
