Spread Co

Spread Co Review

1 Star2 Stars3 Stars4 Stars5 Stars (22 votes, average: 3.45 out of 5)
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User Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (22 votes, average: 3.45 out of 5)
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Updated on: April 20, 2017
Deposit Options:
Regulation:
FCA
Spreads FromLeverageTrade Min.Account Min.Loyalty ProgrammeMobile TradingSpecial Offers
0.8 pt 1%-10% £1 £100

iOS

Android

 

Spread Co – Low Margins & Fixed Spreads

London based Spread Co was founded in 2006, by the former CFO of CMO Markets, Ajay Pabar. The company is currently one of the UK’s most used financial spread betting facilities. Spread Co offers some of the tightest spreads in the UK and has a number of financing options available to its account holders.

Trading Market

With a Spread Co account you can trade on over 2500 different products. You can choose from any of the FTSE 250 stocks, the other main markets and from a range of sector-based products too. Their commodities list includes copper, soybean oil and rough rice. They also have one of the lowest industry spreads on US crude oil at just 4 points.

Spread Betting Platforms

There are currently two accounts available to choose from at Spread Co. You can choose to open a Standard Account, or a Limited Risk account. With a limited risk account, you have a number of guaranteed stop orders already in place prior to placing your bets. You can use Spread Co online trading platform “Saturn Web” in order to spread bet online, or use the Meta Trader4. If you choose to download their trading software “Saturn Trader”, you will enjoy a fully customized, powerful spread betting platform.  The downloadable software offers a much more customizable spread betting experience that can be enjoyed by experienced and novice spread betters alike. It allows you to examin watch lists, order screens and economic charts open simultaneously.If you wish to trade via your mobile device – Spread Co are offering you “Saturn Mobile”, their app for iPhone and Android.

Benefits

The 30 day demo account offers you a generous £25,000 virtual trading wallet. The time frame and limit should really give you a feel for spread betting. In fact all of their training programmes are excellent. There are a number of comprehensive guides available, as well as a 14 part video training series, which covers everything from the absolute basics of downloading their desktop platform, to judging what the most cost effective spread bets will be.

The range of trading tools available is impressive. Day traders will no doubt benefit from and enjoy the Quick Trade option that is available from the site. The real time technical analysis provided by Spread Co’s constantly updated twitter feed is also fantastic as it provides minute by minute updates, ensuring you are as well informed as you can be before you place your bets.

Site Strengths

  • Tight fixed spreads – 0.8 points.
  • Low margins
  • The 30 day demo account
  • The trading tool range

Site Weaknesses

  • The £1 per point minimum stake size

Conclusion

The minimum stake size of £1 per point will no doubt dissuade novices from creating a spread betting account. In fact the site on the whole feels like an environment that is most suited to the experienced amateur or the committed expert in this field. The limited functionality of the site compared to its download platform is also an issue. Most users would prefer to be able to log into their account wherever they are. The added features of the download programme are of such high quality, that you’ll become accustomed to the added usability they bring.

59.4% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider.
You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.

 

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