Spread Co Review

Overall, Spread Co can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Spread Co has an overall trust score of 80 out of 99. Spread Co offers a range of markets in Indices, Equities, Commodities, FX, ETFs, ADRs

Spread Co At a Glance

Overall Rating

• 3.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 200

Regulators

FCA

Trading Platform

MT4, ZuluTrade, Myfxbook, AutoTrade

Crypto

No

Total Pairs

38

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our Spread Co below.

Spread Co Review – 19 key point quick overview:

1. Spread Co At a Glance
2. Spread Co Overview
3. Spread Co Safety and Security
4. Spread Co Sign-Up Bonus
5. Spread Co Minimum Deposit
6. Spread Co Demo Account
7. Spread Co Leverage
8. Spread Co Accounts
9. Spread Co Market instruments
10. Spread Co Fees, Spreads & Commissions
11. Spread Co Deposit and withdrawal
12. Spread Co Trading platforms
13. Spread Co Current Popularity Trend
14. Spread Co vs Exness vs XM – a Comparison
15. Spread Co Customer Reviews
16. Spread Co Pros and Cons
17. Spread Co Conclusion
18. Spread Co Disclaimer
19. Frequently Asked Questions

Spread Co Overview

According to research in South Africa, Spread Co – is a UK-based broker which has been in operation since 2006 and offers traders a wide variety of tradable financial instruments along with spread betting with competitive, tight, and fixed spreads.

Spread Co is an extremely strict and well-regulated broker which offers its services through its own proprietary in-house trading platform. Traders have the ability to execute trades with no commissions charged and access to adequate leverage.

Spread Co Safety and Security

Spread Co is well-regulated through the Financial Conduct Authority, or FCA. As part of the FCA’s mandatory compliance, Spread Co must report regularly and must hold net tangible assets amounting to at least €730,000 at all times.

Spread Co keeps client funds in segregated accounts, completely apart from company funds, and these funds cannot be used for any other reason other than trading activities.

In addition, Spread Co is a member of the Financial Services Compensation Scheme or FSCS. In the event that Spread Co is unable to meet its financial obligations, eligible clients can receive compensation to a maximum of £50,000.

Spread Co Sign-Up Bonus

Spread Co does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.

Spread Co Minimum Deposit

The minimum deposit amount required to register a Spread Co trading account is $200. This minimum deposit is equivalent to R3200 ZAR at the current exchange rate between the  South African Rand & United States Dollar.

Spread Co Demo Account

Spread Co does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Spread Co demo account does not have a specific expiry date.

Spread Co Leverage

Leverage is offered by brokers, and used by traders, in allowing traders to open larger positions despite their initial deposits. Leverage is expressed as a ratio where the first number is the initial deposit and the second the amount by which it can be multiplied.

Spread Co offers traders leverage of 1:200, which means that on a minimum deposit of $200 with the Spread Betting Account, traders can open positions of up to $40,000 while positions up to $50,000 can be opened when making use of the CFD Account.

Leverage, although useful, should be used with great caution as it increases the chance of risks that traders are exposed to and these risks may result in the incurrence of substantial losses that may exceed the trader’s initial capital.

Due to these reasons, brokers are often restricted by their regulatory entities in offering leverage over a certain ratio.

Overall Rating

• 3.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 200

Regulators

FCA

Trading Platform

MT4, ZuluTrade, Myfxbook, AutoTrade

Crypto

No

Total Pairs

38

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Spread Co Accounts

Spread Co offers one account type in Spread betting along with CFD trading but there are two options that traders can distinguish between namely a consolidated and a single positions CFD account.

When opening a CFD Account the minimum required deposit is $250, and traders have access to maximum leverage of 1:200 along with an average spread which is fixed on 0.8 pips when trading EUR/USD.

This CFD account is commission-free, but Muslim traders who follow the Sharia Law are not offered the option of converting it to that of an Islamic Account, which frees them from interest derived from overnight fees when holding positions open for longer than a day.

The spreads are fixed, and thus not subjected to market conditions, but one disadvantage is that micro lots cannot be traded, whereas a variety of other brokers offer this to traders.

The Spread Betting account requires a minimum deposit of $200, offering traders tax-free profits, the option of earning 2% interest on their account balance, spreads from 0.4 pips, negative balance protection, and 0% financing pertaining to short index positions.

Spread Co offers two account options in spread betting namely a Spread Free Basic Account which is ideal for less active traders while the Spread Free Bronze Account caters for intermediate-level active traders.

How to open a Spread Co account

1.  Step 1 – Start Registration

Navigate to the Spread Co website. Select the ‘Start Trading’ link embedded on the Spread Co website.

2.  Step 2 – Complete the registration

Select the type of account that the trader would like to use. Select the account currency.

Provide basic information such as contact email, full name, mobile number, and country of residence. Select whether the trader would like to receive priority updates followed by clicking on the Captcha and then ‘Apply’.

3.  Step 3 – Verification of account

An account validation process will be started, which consists of six separate sections in which the trader will have to provide personal details, physical address details, employment status, investments and savings details, trading experience, and lastly, the trader must accept four different declarations.

As soon as the trader has accepted the End User Licence Agreement or EULA, the trader can select the Captcha followed by clicking on ‘Apply’.

As soon as the trader has submitted their application, it will be reviewed by the Account Opening team and the trader will be contacted by the team with the status of their application.

Spread Co Market instruments

Spread Co offers spread betting in addition to the following tradable financial instruments through the CFD Account:

• Indices
• CFDs
• Forex
• Equities, and
• Commodities

Spread Co Fees, Spreads & Commissions

The minimum deposit to open a Spread Betting account is $200, and a CFD Account, is $200, which is quite average when compared to other brokers, although there are numerous brokers that require $100 and even less when an account is opened with them.

Spread Co does not charge commissions on CFD trading and the spreads are competitive and tight, starting from 0.8 pips when trading EUR/USD.

These spreads are quite average, although there are brokers who offer spreads from 0.0 pips, in most cases, these brokers also charge commissions per trade, or according to the volume traded.

Spread Co charges a 2% fee when traders fund their accounts using Credit Cards while withdrawals through Skrill will be charged at a 1% fee of the transaction value. Deposits made from Debit cards are free.

Should withdrawals be made through Bank Wire Transfer, traders are allowed three free withdrawals, but there is a £15 fee where same-day withdrawals are involved along with £15 should it be an international withdrawal.

Traders need to acknowledge that, despite these fees, banking institutions may waive additional fees of their own that will need to be verified before deposits and withdrawals are made.

There are no other fees indicated for Spread Co, but traders are advised to verify fees pertaining to the following:

• Account maintenance and management
• Inactivity fees, and
• Conversion fees

10 Best Forex Brokers in South Africa for 2025

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Official Site

#1

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#2

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$0

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#3

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CySEC, ASIC, FSA, BVI, FSCA

$25

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ASIC, CySEC, FSA, SCB

$200

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#8

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ASIC, CySEC, FSCA, FSA, FSC, CMA

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FCA, CySEC, FSCA, SCB

$100

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#10

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FSCA, FSC, ASIC, CySEC, DFSA

$5

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#1

4.8/5

User Score

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#2

4.7/5

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#3

4.7/5

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#4

4.4/5

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#5

4.7/5

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#6

4.0/5

User Score

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#7

4.7/5

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#8

4.8/5

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#9

4.5/5

User Score

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#10

4.9/5

User Score

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Spread Co Deposit and withdrawal

Spread Co only supports the following payment methods through which deposits and withdrawals can be made:

• Bank Wire Transfer
• Credit/Debit Cards, and
• Skrill

Although this puts Spread Co at a disadvantage when compared to other brokers who offer a wide variety of payment options, these are some of the trusted and most reliable payment methods which can be used.

Spread Co supports the following deposit currencies when deposits and withdrawals are made to and from the trading account:

• GBP
• USD, and
• EUR

Spread Co Trading platforms

Spread Co offers its own proprietary in-house trading platform which can be used with CFD trading or spread betting. Due to its unique services, use of MetaTrader 4 is not offered.

Despite this, the Spread Co trading platform has a customizable interface and comes with built-in charting tools in addition to providing advanced risk management tools, amidst several other features and the platform is available on an array of devices such as:

• Web browsers
• Desktop PCs, and
• Mobile Devices

Spread Co Current Popularity Trend

According to Google Trends, here is an overview of how frequently the search term – “Spread Co” is entered into Google’s search engine over a given period of time.

Spread Co vs Exness vs XM – a Comparison

Spread Co Customer Reviews

An excellent experience of Spreadco’s Client Services team

An excellent experience of Spreadco’s Client Services team over a number of years, in returning funds promptly and sending personalized emails.

I have been with spread co for 9 years

I have been with spread co for 9 years and always find the support staff helpful I keep an eye on other platforms, and their prices are always spot on, If I have had a problem. some always sort it out.
.having dealings with other C F D providers I find them the best.I can phone client services having not spoken to SURAJ for 6 months and he knows who I am….top people.

The Best thing about Spread Co is their …

The Best thing about Spread Co is their customer service and their Android app. The customer Service of Spread Co is top-notch. I don’t think I can find any broker with better customer support.
So big thanks to SpreaCo and their team.

Anurag

Spread Co Pros and Cons

Spread Co Conclusion

Overall, Spread Co can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Spread Co has an overall trust score of 70 out of 99. Spread Co offers a range of markets in Indices, Equities, Commodities, FX, ETFs, ADRs

Spread Co is a well-regulated, reputable broker that offers a variety of services to both beginner and experienced traders through competitive, comprehensive trading conditions by using its propriety trading platform.

Although its trading conditions are different from other brokers, Spread Co offers transparent pricing along with fees that are not exuberant, apart from only offering a few payment methods where fees applied are much higher than that of other brokers.

Overall Rating

• 3.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 200

Regulators

FCA

Trading Platform

MT4, ZuluTrade, Myfxbook, AutoTrade

Crypto

No

Total Pairs

38

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Spread Co Disclaimer

Trading of leveraged and margined financial instruments such as Forex and CFDs holds significant risks that may not be suitable for all traders.

Traders need to adequately evaluate their risk exposure, willingness to be exposed to risk, and whether they can financially compensate for losses resulting from such risks.

Traders are warned about the risks involved with speculating price movements with financial instruments such as Forex and CFDs, which are leveraged, and margined instruments influenced by frequent and fluctuating price movements in either direction.

You might also like: Spread Co Account Types

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Frequently Asked Questions

Is Spread Co a fake or scam?

No, Spread Co is not a fake or scam broker as it adheres to rules and regulations stipulated by the FCA

What is the overall rating for Spread Co?

The overall rating for Spread Co is 6/10

Is Spread Co a recommended forex trading broker for experts and beginners?

Yes. Spread Co caters to both beginner and expert forex traders

Does Spread Co offer a demo account?

Yes, Spread Co does offer a demo account that is valid for 2 weeks

What are the deposit and withdrawal methods for Spread Co?

• Bank Wire Transfer
• Credit/Debit Cards, and
• Skrill