Independent rating of Forex broker Spread Co

About company

SpreadCo is a UK-based broker owned by SpreadCoLimited. According to its official website, SpreadCo is a great British broker which understands financial markets and knows exactly what its customers want. SpreadCo provides its clients with great technologies and services. The company’s pride is its feature-rich trading platform that lets users be active market participants anytime and anywhere.

Trading conditions

• fixed spreads from 0.8 pips
• 2% interest per annum on cash balances
• low financing charges - 0% financing on short index positions
• commission from 0.05% on equity trades
• one trading account type
• leverage trading and speculations on falling and rising prices
• free withdrawals to bank accounts
• 2% commission on withdrawals from credit cards; free withdrawals from debit cards

Trading platform

Notably, SpreadCo does not offer its clients a popular MetaTrader 4 trading platform. Instead, the broker provides its own trading software available for desktop and mobile devices. This trading platform has a user-friendly interface and an abundance of useful charting features. The platform contains a wide range of risk management tools such as stop loss and stop limit. Moreover, users can set time frames for their deals. The absence of expert advisors and other advanced features can be a problem for some traders.

Support service

The broker has a highly informative website that contains a section with frequently asked questions. SpreadCo developed a glossary for novice traders. It has all the basic information about trading with the broker. Users can contact the support service by email or phone numbers indicated on the website. Holders of live trading accounts have a personal manager-consultant. If you still are not sure you want to cooperate with SpreadCo and need more details, you should check out the broker’s social networks - Facebook and Twitter - to catch up on all its latest news.

Traders’ reviews

There are both positive and negative reviews about SpreadCo on the Web. Traders praise the broker for the high quality of its support services and professional manager-consultants. However, problems with the withdrawal of funds offset these advantages. Sometimes, clients are even ready to file a lawsuit against the company.

Advantages:

• regulated broker
• competitive spreads
• small commission
• low financial fees
• various deposit and withdrawal options

Disadvantages:

• high minimum deposit
• no micro-lots and expert advisors
• no access to MetaTrader 4