This Spread Co review conducted by the team of ForexSQ.com for those who want to know all about the Spread Co. Spread Co provide super tight spreads across an extensive variety of markets comprising currencies, gold, equities, indices, ADRs & ETFs from their spread betting, forex and CFD services.
It is a user approachable domestic platform for a great trading situation with all sell/buy values comprise all spread and commission fees for transparent pricing. The fee you see is the fee you will pay with Spread Co with not any added hidden charges.
It is a recognized online broker with over a period in the industry and regulated by means of the FCA (Financial Conduct Authority) in the United Kingdom for your calmness.
They provide some lowermost spreads from 0.1 on main currency pairs and commission from the lowest 0.075 percent for trading equities.
Trading Platform
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If you are considering for the business’s standard Metatrader4 platform, you are not aimed at find it with this stockbroker. While trading with Spread Co, you will be presented exclusively its domestic platform, presented as mobile versions, downloadable and also desktop versions.
Its platform has modified interface and is well-appointed with valuable charting tools. Also, it provides unconventional risk management tools, for example limit orders and stop loss, contingent order, guaranteed stop and more. You can moreover specify the time frame for your orders.
Trading Market
By means of a Spread Co account you can trade on above 2500 dissimilar products. You can select from whichever of the FTSE 250 stocks, the other leading marketplaces and from a variety of sector-based products as well. Their commodities list comprises copper, rough rice and soybean oil. They also have one of the lowermost commerce spreads on US crude oil at simply four points.
Trading Accounts
Spread Co customers are presented a single live CFD type of account with two possibilities – single positions & consolidated CFD account.
At what time sell and buy trades in a single instrument are formed on a single positions account, then all positions are retained open and will not be obtained off till the customer manually closes them. In contrast, consolidated CFD account open positions are routinely netted off in contrast to each other (hedging allowed).
Minimum Deposit
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To open an account with Spread Co, one has to deposit as a minimum of 250 dollars, which is a usual minimum initial deposit. Obviously, there are certain UK-based brokerages, who necessitate less: Plus500, for example, has fixed the lowest initial deposit of 100 dollars.
Pros
- Commission-free trading
- 10 years of experience
- FCA-regulated
- Competitive spreads
Cons
- No micro tradable lots
- MT4 not presented, no automated stratagems
- Fixed spreads only, MM model
Conclusion
With 10 years of knowledge Spread Co is a trustworthy brokerage, regulated by means of the FCA. It provides spread betting and CFD trading in numerous instruments under competitive situations.
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