BrokAIr Reviews

Spread Co Review

"Spread Co offers some of the lowest trading fees in the online brokerage industry - but at what cost? Is this too good to be true?"

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Spread Co Overview

Spread Co is an online broker that specializes in spread betting and Contracts for Difference (CFDs) trading. Founded in 2006, Spread Co is based in the United Kingdom and is regulated by the FCA as well as the Financial Services Authority (FSA) in the UK. The company offers over 5,000 markets across forex, indices, commodities, and stocks for traders to take advantage of.

The Pros and Cons of Spread Co

Pros: Cons:

Founders

Spread Co was founded in 2006 by CEO John O’Donnell. O’Donnell has more than 15 years of experience in the financial industry and has held senior positions in companies such as Barclays, Cantor Fitzgerald, and HSBC. He is also a member of the London Stock Exchange.

Public Opinion

Spread Co has a generally positive reputation among traders. Many users have praised the company for its easy to use web-based user interface, competitive spreads, and responsive customer support. However, some users have criticized the company for its lack of MetaTrader 4 or 5 platforms, limited educational resources, and lack of social trading platforms.

Newsworthy Events

In 2015, Spread Co was granted permission by the Financial Conduct Authority (FCA) to offer its services to retail investors in the UK. This enabled the company to reach a wider audience and expand its services. In 2017, Spread Co announced that it would be offering its services to clients in Germany and Ireland. This news was widely reported throughout the financial industry as it allowed more people to take advantage of Spread Co’s offerings. Most recently, in 2019 Spread Co launched a new mobile trading app which allowed users to trade on their smartphones or tablets. This was another step towards making trading more accessible and convenient for users.