SpreadCo Review

By mosesbet · Filed Under Brokers Comments Off on SpreadCo Review 

Sign up to SpreadCo and Trade on some of the Tightest Spreads (0.8 Points) on UK Shares!

Spreadco Review

Spreadco is based in London and was started up in 2006 by Ajay Pabar who who was formerly the chief financial officer of CMC Markets. Ajay spotted a gap in the market and he has certainly filled it with this innovative company who have now become one of the main providers of spread betting services in the world today.

Why Choose Spreadco

Spreadco really does seem to tick all of the right boxes with regards to choosing a spread betting company to do business with. The trading desk is  friendly and knowledgeable and the spreads on offer are some of the tightest that you will find. As an example, the spread on the FTSE starts at only 0.8, so if that it is a market that you currently trade on it is a further incentive to open an account at Spreadco.com

Bonuses and Promotions for New Customers

When it comes to sign up bonuses and promotions for new customers it would appear that Spreadco  has chosen not to compete with some of the other leading players in the industry. The only bonus that they have on offer at present is a £50 refer a friend bonus.

To enter into this promotion you must have placed a minimum of 5 trades and when this rule has been satisfied both you and the person who you are referring will receive a £50 credit paid into your account.

According to Spreadco customer services, they do offer more attractive sign up bonuses from time to time so it is always worth keeping an eye out for when they do.

Range of Markets, Spreads, Margin Requirements

Spreadco offer thousands of markets for your trading requirements which includes all of the major world indices, literally hundreds of UK and US equities as well as a selection of ETF’s and Country baskets.

The margin requirements offered by Spreadco.com are extremely low when compared with some of the other spreadbetting companies such as 1% for Indices and Forex , a 3% margin for Gold and Silver and a slightly higher 5% for global equities.

A factor that many newcomers seeem to overlook when it comes to Spread Betting are the financing charges which are required to keep a position open over night. It can be difficult to find out what these charges are on some spreadbetting and CFD websites but Spreadco have without a shadow of a doubt the lowest financing charges in this sector which is Libor plus 2%.

Sign up to SpreadCo and Trade on some of the Tightest Spreads (0.8 Points) on UK Shares!

Mobile Trading Platform

At this point in time, Spreadco doesn’t have a mobile trading platform but according to the customer support, an iphone app is currently being developed and will be ready for release in the very near future.

Online Charts, Trading Tools and other Online Platform Features

One of the many unique points about Spreadco is that they have developed their own trading platform in house. This platform is called the Saturn Trader and it comes in a downloadable and web based format.

This trading platform really is extremely impressive and and has a wide range of technical tools and indicators built in. The whole thing has been put together after Spreadco listened to feedback from their clients and the Saturn Trader has often been referred to as a dream come true for traders of all abilities.

Demo Account and Education Resources

It could be argued that Spreadco.com is more suited to experienced traders due to the fact that the minimum stake size is £1 compared to other companies who allow a stake size far smaller, but on saying that the educational resources for both new and experienced traders are very good indeed.

There are get started guides, online tutorials as well as a comprehensive guide to CFD’s. All of the instructional information is extremely well written and will guide ensure that even the complete novice will soon be trading with confidence.

There is the option of learning about spread betting and CFD’s with a Demo account which comes with a 14 day trial of the Saturn Trader platform along with a virtual trading account of £25,000.

The benefits of using a Demo account such a this are obvious and when used in tandem with the Saturn Trader platform, the user can soon get a taste of the superb trading experience that awaits them when they sign up for a real account with this ground breaking spreadbetting company.

 

 

 

 

 

Be Sociable, Share!