“Spread Co provides the Economic Calendar and Market News. This is a bit restricted when compared to other spread betting platforms.”
The following research tools are provided:
- Market News: The market news is updated on the website and on the platform. This news affects many tradable assets from all over the globe.
- An Economic calendar is provided on the website and on the platform. This calendar shows a list of economic events that are likely to affect prices of tradable assets.
The broker could certainly do with offering a greater variety of research materials to its traders.
“Spread Co only provides articles and tips to give new trader guidelines on how to trade successfully. Again, trader education on Spread Co needs to be expanded for better competitiveness.”
The “Guide section” on the Spread Co websites contains articles grouped into Forex tips, Spread betting tips, CFD trading tips, and Glossary. The articles are aimed to give a newbie a general idea of how to trade and how trading works.
There are no training videos, webinars or detailed Comprehensive Trader Education Suite. However, there is an extensive Frequently Asked Questions (FAQ) page which may hold more information about Spread Co’s product offerings and processes. This in some way, compensates for the lack of a comprehensive trader education package.
“Spread Co is accepted by traders as they have been in operation for over a decade. They are a good choice for simple traders who do not use any complicated trading style.”
Spread Co has been in operation for over 10 years. FCA regulated brokers are well respected because of the stringent regulatory requirements. Spread Co has been under the FCA regulation for over a decade..
The proprietary platform has a simple interface which makes it easy on the eye: a feature most beginner and intermediate traders will find useful. For experienced investors, Spread Co.com offers competitive spreads to enable them maximize their profitability. The charting package will also suit expert traders who use complex technical analysis. This is because the charts can be made to stand alone using the pop-up feature. However, expert traders with complex trading styles and trading tools will be hard pressed finding comfort with Spread Co as many of these tools are missing.
Here are some of the “Frequently Asked Questions” about Spread Co:
Where is Spread Co based?
The Spread Co brokerage firm is located in London, UK.
How does Spread Co make money?
Spread Co makes money from spreads and commissions.
How do I deposit in Spread Co account?
The payment options accepted are: Bank Transfers, Credit/Debit Cards like Mastercard and Visa Cards. UK debit cards like: UK Maestro, Visa-Delta and Electron Cards are accepted. Skrill e-payment wallet can be used to fund Spread Co account.
What is the min. deposit for Spread Co?
The minimum deposit is £250 for CFD accounts and £200 for Spread betting accounts.
What is the maximum leverage in Spread Co?
Maximum leverage is 1:200.
How do I open an account with Spread Co?
Click the “Start Trading Now” button found on the top of the website.
Does Spread Co use MetaTrader?
No, only the Spread Co. proprietary platform is available.
“As a regulated broker of the FCA, traders at Spread Co.com know that they are working under the umbrella of one of the globe’s strictest regulators. This broker is required to follow stringent rules concerning how it manages its clients’ funds.”
Spread Co is an experienced broker that has been operating successfully for over a decade. The brokerage firm is located in London and it is regulated by the FCA, which has a reputation of zero-tolerance for brokerages that do not adhere to its standards. Traders’ funds are held in segregated bank accounts, and insurance with the FSCS is assured.
The broker offers its proprietary Spread Co trading platform which is web-based. The platform is packed with basic analytical tools, order and account management tools as well as a news bar which provides market news in a visually appealing format.
Spread Co does not offer comprehensive research tools and trader education. The provided tools are limited to an economic calendar and market news. The training provided is only in the form of articles explaining how to trade and some basic trading principles.
In summary, Spread Co is suitable for traders who do not employ any complex strategies. But experts may have to resort to the use of more advanced third-party trading tools to get the best out of the Spread Co platforms.