Spread Co Review
User Rating: 8
Overnight Financing Costs: Base Rate +/-2%. No overnight charges for short non-FX positions.
Key Spreads and Margin Requirements:FTSE100 Daily: Spread: 0.8 (1.8)* Margin Requirement: 30
Dow Jones Daily: Spread: 0.8 (2.8)* Margin Requirement: 50
GBP/USD Spot: Spread: 1 Margin Requirement: 150
EUR/USD Spot: Spread: 0.8 Margin Requirement: 50
Gold Spot: Spread: 4 Margin Requirement: 30
US Crude Futures: Spread: 4 Margin Requirement: 140
UK Shares Rolling Daily: Spread: 0.15% Margin Requirement: 5%
US Shares Rolling Daily: Spread: 0.15% Margin Requirement: 5%
* - Spreads in brackets indicate 'out of market hours' spreads.
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About Spread Co
Established by traders, for traders, Spread Co was designed to offer a unique and innovative twist on the traditional broker offering, with much emphasis placed on its proprietary trading software, Saturn Trader, as a remedy to the frustrations experienced by traders using other electronic trading portals. Largely designed around spread betting, Spread Co is still a relatively new player on the market, and as such has become more niche as an attractive option amongst more discerning traders.
With deposit minimums ranging from £100 and tighter spreads than most of the competition, Spread Co pitches itself as a mid-market broker that does aggressively compete on price - with Spread Co, it's all about service, price, and the unique trading experience afforded by their Saturn Trading platform.
The most significant plus point of the Spread Co offering is its unique trading portal, Saturn Trader, which was built to take up the slack where other trading systems are lacking. Designed by traders with a focus on usability and functionality, the Saturn Trader application, available in the cloud and as a standalone download is a professional-strength virtual trading desk which makes spread betting a much easier and more intuitive process.
Incentives & Bonuses
As an incentive for new spread bettors looking to sign up for an account, Spread Co offers an exclusive £200 bonus for the readers of IndependentInvestor.co.uk.
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Spread Co Customer Reviews
There are 1 customer review(s).
Review by Mark Funds on 2011-07-05Rating: 8
Very competitive spreads. I especially like their platform. Orders are executed quite fast as compared to other providers like CityIndex. Only hiccup: I recently noticed that the current price used to execute pre-defined orders doesn't match the price listed for direct orders? I will post another message to let you know if this issue is eventually corrected.