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Spread Co Review
Spread Co is a small, FCA regulated UK firm for spread betting and CFDs, founded in 2006 by former CMC Markets executive Ajay Pabari, with tax free betting for UK residents only.
Min Deposit
£200
Spreads From
From around 0.1 pips on EUR/USD, per the broker's own figures
Max Leverage
1 to 30 for retail clients on major forex pairs, the FCA cap
Platforms
Spread Co web platform, Spread Co mobile app
Pros
- Authorised by the FCA since October 2006, under one long running licence
- Founded by Ajay Pabari, a former CMC Markets chief financial officer
- Tax free spread betting alongside a separate CFD account option
- Own web and mobile platform built in house, not a generic white label
Cons
- Only two products, spread betting and CFDs, no shares or crypto investing
- Some independent review sites report withdrawal complaints
- Spread betting is limited to UK residents, not a global product
- Small firm with a much lower profile than large FCA brokers
Spread Co Limited was founded in 2006 by Ajay Pabari, a former chief financial officer at CMC Markets. The company is based in Northwood, on the edge of London, and added spread betting to its CFD service in 2009.
Retail clients get two account types on one platform, a tax free spread betting account for UK residents and a CFD account for wider markets. Leverage on major forex pairs is capped at 1 to 30 for retail clients, in line with FCA rules. Spread Co runs its own web and mobile platform rather than MetaTrader.
Spread Co Limited is authorised by the FCA under reference number 446677, a status held since October 2006, and is registered at Companies House under number 05614477. No FCA fine against the firm was found in this research. Some independent review sites do note client complaints about slow or refused withdrawals, so read the terms on payouts before you fund an account.
Min. Deposit
GBP 200
Max Leverage
1 to 30 for retail clients on major forex pairs, the FCA cap
Spreads From
From around 0.1 pips on EUR/USD, per the broker's own figures
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
