SpreadCo is a forex broker established in the UK in 2005, headquartered in London. The broker mainly provides users with financial derivative trading services such as forex, indices, commodities, stocks, etc. The company is strictly regulated by the UK Financial Conduct Authority (FCA).
Company Background
SpreadCo is a broker offering forex trading services, registered under the company name Spread Co Limited, headquartered in London. The company was established on November 7, 2005, and according to Whois information, the domain name of SpreadCo's official website was registered on January 8, 2004.
Regulatory Information
SpreadCo is a regulated forex broker, regulated by the UK Financial Conduct Authority (FCA) and holds a regulatory license, with license number 446677. SpreadCo's services related to forex, indices, commodities, and stocks, etc., are strictly regulated by the UK Financial Conduct Authority.
Trading Products
SpreadCo offers a variety of financial instruments for trading, such as:
- Forex: Provides opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on the price movements of one currency against another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, etc.
- Indices: Index CFDs allow investors to trade based on the performance of market indices without the need to buy or sell actual index component stocks or assets.
- Commodities: Commodities CFDs enable investors to potentially profit from price fluctuations of raw materials and resources. Commodities include raw materials such as crude oil, copper, and iron ore. Commodities CFDs allow investors to participate in various commodity markets without holding the actual physical goods.
- Stocks: Traders can engage in contract for difference (CFD) trading of different company stocks, such as shares of well-known companies like Apple, Microsoft, and Amazon available for CFD trading. This enables investors to participate in the market without holding the actual shares.
Trading Platform
SpreadCo offers investors its own developed online trading platform Spread Co. According to its official website, the platform requires no download and is compatible with various devices, such as: Web and mobile devices, making it easy for investors to use.
Account Registration
According to SpreadCo's official website, the broker provides links for registering both real and demo accounts:
- The method to register a real account is: Click "START TRADING" on the top right corner of the website to enter the account registration page, select the account type, and then complete the real account registration by choosing or filling in the trading name, telephone, Email, password, and other information as required.
- The method to register a demo account is: Click "DEMO" on the homepage to enter the demo account registration page, and then complete the demo account registration by choosing or filling in the trading name, telephone, Email, and other information as required.
Account Types
SpreadCo offers investors two types of accounts:
- Spread betting account
- CFD account
Investors can choose different account types according to their trading needs.
Spreads and Leverage
The account types offered by SpreadCo have differences in spreads, minimum trading units, and leverage, among other aspects. Among them: The spread betting account starts from 0.8pip, but the detailed information about the commission, minimum trading unit, maximum leverage, and minimum deposit is not provided. The CFD account has no commission, but details on spread, minimum trading units, maximum leverage, minimum deposit, etc., are not provided.
Deposits and Withdrawals
SpreadCo's official website does not clearly disclose the supported methods for deposits and withdrawals, and key information about the channels, currencies, fees, etc., for deposits and withdrawals is not detailed.
Customer Support
This broker provides multi-language support, available through multiple channels, including telephone support, email support, and online chat. Traders can contact the customer support team directly and immediately through the telephone number +44 1923832682. Investors can also send questions or requests to cs@spreadco.com. Additionally, the online chat feature on SpreadCo's website enables quick communication with the broker.
Summary
SpreadCo is registered and regulated in London, UK, by the UK Financial Conduct Authority (FCA). SpreadCo offers a variety of trading products, including forex, indices, commodities, stocks, etc. It reminds traders to get fully educated, understand market mechanisms, and carefully consider their investment objectives and risk tolerance before engaging in high leverage trading.
Currently, SpreadCo is marked as "Active" on TraderKnows.
