SpreadCo Guide – Read our In-Depth SpreadCo Review
This SpreadCo review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this SpreadCo review does not apply to US users.
If you are a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You will acquire proficient at all the concepts of broker as you continue trading. For starters, you have to select the ideal agent who'll be clear with you always.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program will create hefty returns. SpreadCo is just one such stage that will take you and your investment into great heights. It is crucial that you know about SpreadCo before you trust them with your money.
Our entire SpreadCo Review covers all you will need to know about trading with SpreadCo. A good broker can multiply your initial investments and give you favorable profits. If you want to make profits, you should trade with a broker service that contrasts with your investing goals.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you choose them. It's a frequent misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
SpreadCo is a broker that has paved its way successfully to the brokerage world. Within this review, we have tried to collate some of the vital facets of SpreadCo. This review will allow you to understand whether SpreadCo is a fantastic match for your own investments or not. We've tried to breakdown all the features and fees for your convenience.
SpreadCo Review, Table Of Contents
- Who are SpreadCo?
- Benefits Of Trading With SpreadCo
- Everything you should know about trading with SpreadCo
- Is SpreadCo Safe To Trade With?
- Pro's & Con's Of Trading With SpreadCo?
- Compare Brokers Similar To SpreadCo
- Regulation And Licencing In More Detail
- SpreadCo Awards
- Minimum Deposit Required For A Live Account With SpreadCo
- SpreadCo Commission And Fees Explained
- Compare broker fees against SpreadCo
- SpreadCo Withdrawal Fees Explained
- SpreadCo Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With SpreadCo?
- Alternatives To SpreadCo
- Frequently Asked Questions About SpreadCo
Who are SpreadCo?
SpreadCo is a foreign exchange broker headquartered in London and provides a range of instruments for trading. Since its establishment in 2005, SpreadCo has emerged as a leading player in the field of online broker. SpreadCo includes a highly aggressive and full-featured trading site that is focused on forex, indices, metals, stocks , commodities.
Over the past 16 years, SpreadCo has grown into one of the leading online brokers.
After launching in 2005, their client base is becoming as large as 10,000+ clients.
SpreadCo is the favorite of many dealers.. Our SpreadCo review found that they are an superb alternative for automated trading options. It's best suited for investors that are looking for an assortment of assets. Social and automated trading solutions are the heart at SpreadCo.
Technology plays a substantial role at SpreadCo. SpreadCo features trading on Web Trader, Tablet & Mobile apps. SpreadCo is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at SpreadCo is quite enlightening for new dealers as it allows them to get a closer look at the financial markets. SpreadCo caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.
If you feel that SpreadCo is not right for you then at the bottom of this SpreadCo review you wil find a lot of alternatives to SpreadCo.
What you should know about trading using SpreadCo
SpreadCo is a dynamic platform that provides various procedures of trading. These instruments cover the monetary markets considerably. Most of the broker platforms provide fewer methods than SpreadCo
If you want to trade with SpreadCo, you'll need a minimum deposit of $100. This deposit is compulsory if you would like to start trading with SpreadCo. This 2021 SpreadCo review will guide you easily about trading with them.
SpreadCo is as versatile as any other brokerage platform. SpreadCo is great for traders that want a manageable selection of low-cost services. The platforms offered by SpreadCo are third-party, white-label offerings. All traders may select out of Web Trader, Tablet & Mobile apps.
Together with everything, SpreadCo has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept open. The agents provide premium customer service that rewards customers with benefits.
Many unprofessional brokers attempt to pressurise consumers into larger financing for premium services. SpreadCo, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater advantages will come along.
SpreadCo accounts are available around the world and provides excellent service everywhere they have customers. There are some select few countries where SpreadCo accounts are not available. Traders in the following countries cannot open or use a SpreadCo account:
Is SpreadCo Safe To Trade With?
Launched in 2005, SpreadCo has been open for 16 years, they are headquarted in London.
SpreadCo is regulated by Financial Conduct Authority (FCA). These bodies have rules that make sure that trading platforms have ploicies in place to maintain investor's assets procured. This usually means that SpreadCo users don't need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption secures every user's private information as well.
You can make use of an option for 2 Factor Authentications (2FA) with SpreadCo for heightened security. An SMS with the confirmation code will be sent to a mobile phone. You will be asked to enter this code to log into your account.
Another concern with financial brokers with respect to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more prevalent in the example of Market Maker agents who compete with users on the platform.
Pro's & Con's Of Trading With SpreadCo
Every online trading platform has some ups and downs, and no SpreadCo review would be complete without showing both sides. This SpreadCo review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- SpreadCo is trusted by 10,000+ clients
- SpreadCo doesn't charge inactivity fees
- SpreadCo doesn't charge CFD fees
- SpreadCo offer trading on Web Trader, Tablet & Mobile apps
- SpreadCo offer trading instruments
- SpreadCo trades major forex pairs
- SpreadCo trades minor forex pairs
- SpreadCo trades exotic forex pairs
- SpreadCo can communicate in
- SpreadCo does not offer Negative Balance Protection
- SpreadCo does not offer Guaranteed Stop Loss
- SpreadCo charge withdrawal fees
- SpreadCo charge deposit fees
- SpreadCo doesn't offer trading on cryptocurrencies
SpreadCo Review - Compare Brokers Similar To SpreadCo
|SpreadCo||AJ Bell||World Forex Review||BDSwiss|
|Regulated By||Financial Conduct Authority (FCA)||Central Bank of UAE||Vanuatu Financial Services Commission (VFSC)||Unregulated|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk|
SpreadCo Review - Regulation And Licencing In More Detail
SpreadCo is regulated by Financial Conduct Authority (FCA).
SpreadCo, as a business, has a strong collection of rules for ensuring fair trading on its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. Including credit history and other financial details.
SpreadCo Review - Awards
- At the time of writing this SpreadCo review, they had not received any awards.
SpreadCo Review - Minimum Deposit Required
The minimum deposit that you need to begin on SpreadCo is $100. This is an adequate amount for people just starting out. You can make more advanced deposits as you cooperate. However, make certain you know how to make the most of your money before investing in larger sums.
SpreadCo Review - Commission And Fees Explained
SpreadCo is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the amount of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of fees for this objective.
The first kind of fees to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In these instances, you are paying a spread, funding rate, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those who are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, SpreadCo doesn't charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly trade, for example daily or weekly trading.
However, non-trading fees charged by SpreadCo are relatively competitive. Consequently, you're billed more for non-trading activities on your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This SpreadCo review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against SpreadCo
|SpreadCo||AJ Bell||World Forex Review||BDSwiss|
SpreadCo Review - Withdrawal Fees Explained
SpreadCo charges a withdrawal fee if you make a bank transfer. Each time you move money back into your bank account, these withdrawal charges become important.
Withdrawal of cash is possible at any time from your SpreadCo account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't always need to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn money will be sent into the card. SpreadCo will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to draw in.
SpreadCo Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your head while open an account with SpreadCo. An inactivity fee is an amount charged to registered traders who haven't engaged in purchasing or selling for some time. The period regarded as inactive is decided by the agent.
The inactivity fee also differs from 1 broker to another and is not standardized. If a traders account does not have a purchasing or selling transaction, it's maintained by the broker as an inactivity fee. The traders have to pay this commission under conditions and terms that they had agreed while enrolling.
SpreadCo doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges are indicated by SpreadCo, it is better for you to close the account if you're inactive. Inactivity fees aren't only charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you've chosen. The inactivity fee is subjected to a lot of conditions and needs to be revealed clearly by the agent beforehand.
SpreadCo Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be charged by the broker. Most agents do not charge an excessive amount of money for this particular operation.
SpreadCo charges a deposit fee for transferring money into your trading account.
Depositing money on the SpreadCo trading platform is simple. You just need to complete a single-user profile survey to start depositing money into your trading account. You'll need to give an identity evidence and proof of residency to deposit large amounts.
SpreadCo Review - Compare Broker Deposit Methods
|SpreadCo||AJ Bell||World Forex Review||BDSwiss|
What Can You trade With SpreadCo?
Note: SpreadCo offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will be different based on the country of residence of the client.
SpreadCo has a wide variety of over instruments available for you to trade with.
If trading currency pairs is of interest to you then SpreadCo offer over 45 forex pairs.
Compare SpreadCo, AJ Bell, World Forex Review & BDSwiss below.
Alternatives To SpreadCo
If, after reading this SpreadCo review, SpreadCo doesn't quite meet your requirements check out these SpreadCo alternatives.
We've scoured the web to find the best alternatives to SpreadCo. Click on the links below to learn more.
Frequently Asked Questions about SpreadCo
Can I try SpreadCo before I buy?
Yes, you can most certainly try SpreadCo before you buy. SpreadCo offers demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you register for a demonstration account on SpreadCo, you may set out using a decent amount of virtual currency. It is to establish a sense of safety and confidence in you before you choose to invest your own money.
With this digital SpreadCodemo account, you can experiment in any way, to whatever length you desire. You might also start positions, test different trading approaches, and much more.
SpreadCo specifies on its official website which you can exchange real time stocks with your demo account.
Is SpreadCo safe?
You can drop all of your worries since we believe that SpreadCo is totally safe to use. It's in compliance with the principles of Financial Conduct Authority (FCA).
Even so, SpreadCo does not provide assured stop-loss protection.
Why does SpreadCo ask for my passport?
The reason that SpreadCo asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, SpreadCo has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, SpreadCo must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with SpreadCo?
The process to start trading withSpreadCo is perhaps simple enough to be a cakewalk. You need to begin by signing up on the SpreadCo website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with SpreadCo is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with SpreadCo.
The best way to kickstart your trading career with SpreadCo is to open a demo account facility before risking any real money
What funding methods do SpreadCo accept?
There are multiple methods to finance your accounts with SpreadCo. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal is not available in every country. The monies SpreadCo
Is my money safe with SpreadCo?
Yes, your money is safe and protected with SpreadCo. As you already know, SpreadCo works with good conformation to. It has established lots of measures to guard all of its own investors.
SpreadCo safeguards its customers' personal and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your account, you can enable Two-Step Verification as well. It takes an SMS affirmation for you to get your accounts.
Is SpreadCo trading good?
Yes, trading via SpreadCo is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. In addition, you could also obtain access to a vast selection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does SpreadCo support?
SpreadCo operates around the world. However, due to regulations there are some countries that SpreadCo can't accept clients resident in
Is SpreadCo legit?
SpreadCo is a legit company headquarted in London since 2005. They are regulated by Financial Conduct Authority (FCA). SpreadCo is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is SpreadCo a good broker?
SpreadCo is a great broker, and its own users may vouch for this. The highlight of the platform is its fast order execution on trades.
You'll discover the clean design of the platform along with the admirable features a pleasure to work with.
Is SpreadCo a trustworthy broker?
Yes, SpreadCo is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for SpreadCo?
The minimum deposit to open a live account with SpreadCo is $100
How long do SpreadCo withdrawals take?
Normally, withdrawal of money from SpreadCo is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from SpreadCo to show in your bank account.
Are SpreadCo regulated?
SpreadCo are regulated by Financial Conduct Authority (FCA)
Is SpreadCo a market leading broker?
SpreadCo is indisputably one of the industry leaders. It has over 10,000+ registered customers and over 16 years of experience on its own record. They are one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide range of tools plus resources so that you may put money into capital markets.
Is SpreadCo a con?
No, SpreadCo is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that SpreadCo is not a scam.
Can you make money with SpreadCo?
Using SpreadCo, many traders earn a great deal of money. However, on average, through continual trading, you also can create between 2% - 10% profit a month.
This can look to be a little number, but within the year, this adds to a substantial amount of gains. While SpreadCo supply you all the tools to make money, they can't guarantee that you will profit.
Does SpreadCo have fees?
Yes. To start trading using SpreadCo, you have to deposit $100. Certain commissions while trading additionally apply. Any processing fees from your bank will have to be incurred by you.
When was SpreadCo founded?
SpreadCo was founded in 2005 in London. SpreadCo is regulated by Financial Conduct Authority (FCA).
How many people use SpreadCo?
SpreadCo is a worldwide recognised broker with 10,000+ clients.
Where is the SpreadCo head office?
SpreadCo has its head office in London
Does SpreadCo offer negative balance protection?
No. SpreadCo does not offer negative balance protection. If your balance is negative, SpreadCo suggests that you contact client services. With this, you can correct any imbalances in your own account.
Does SpreadCo offer guaranteed stop loss?SpreadCo regrettably, does not provide guaranteed stop loss. SpreadCo gives an opportunity to its dealers to close their trade at their specified price. Aside from this, SpreadCo doesn't provide guaranteed stop loss.
Does SpreadCo allow scalping?Yes, SpreadCo do permit scalping. Several traders throughout the world select SpreadCo due to their services that are trading. They offer trading on Web Trader, Tablet & Mobile apps which let this.
Does SpreadCo allow hedging?
Yes, SpreadCo does allow hedging.
Can you trade energies with SpreadCo?
Yes, you can trade energy stocks with SpreadCo
Can you trade agricultural shares with SpreadCo?
Yes, you can trade agricultural stocks with SpreadCo
Can you trade cryptocurrency with SpreadCo?
No, unfortunately you cannot trade cryptocurrency with SpreadCo
Can you trade metals with SpreadCo?
Yes, you can trade metals with SpreadCo
Can you trade UK Shares with SpreadCo?
Yes, you can trade UK shares with SpreadCo
Can you trade US Shares with SpreadCo?
Yes, you can trade US shares with SpreadCo
Can you trade Japanese Shares with SpreadCo?
No, unfortunately you cannot trade Japanese shares with SpreadCo
Can you trade German Shares with SpreadCo?
Yes, you can trade German shares with SpreadCo
Does SpreadCo accept bank transfers?
No, SpreadCo does not accept bank transfers.
Does SpreadCo accept credit cards?
No, SpreadCo does not accept credit cards.
Does SpreadCo accept PayPal?
No, SpreadCo does not accept PayPal.
Does SpreadCo accept Skrill?
No, SpreadCo does not accept Skrill.
Does SpreadCo accept Payoneer?
No, SpreadCo does not accept Payoneer.
Does SpreadCo accept Neteller?
No, SpreadCo does not accept Neteller.
Does SpreadCo offer Live Chat customer support?
No, SpreadCo does not offer customer support through live chat.
Does SpreadCo offer phone customer support?
No, SpreadCo does not offer customer support over the telephone.
Does SpreadCo offer email customer support?
No, SpreadCo does not offer customer support through email.
What languages can SpreadCo communicate in?
SpreadCo has the ability to communicate and support customers who speak:
Does SpreadCo have a wikipedia page?
No, SpreadCo does not have an official wikipedia page.
Does SpreadCo offer demo accounts?
Yes, SpreadCo offers demo accounts so you can learn their systems before risking any real money.