Spread Co Reviews 

62
TrustScore 4 out of 5

4.0

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Rated 5 out of 5 stars

I work with Spread Co nearly 4 years , and I would highly recommend their app and service . Quick response , good service and easy withdrawals . What I would also note , that they are very profession... See more

Company replied

Rated 5 out of 5 stars

I have been trading with Spread Co since Dec. 2015. It is a reliable trading platform. Account manager is responsive. Saturn trading platform is pretty good. Orders are always performed promptly. Spre... See more

Rated 5 out of 5 stars

I have been using Spreadco for many years now. There are a number of spread betting firms most offer the same stocks and indices to trade. Why would you chose Spreadco over the others? The answer is t... See more

Company replied

Rated 2 out of 5 stars

SPREADCO is the forex broker but the if you hear about a person name is MASROOR AHMED GHORI belong KARACHI PAKISTAN. he is a ib and some of fraud in Pakistan with their partners and client have too mu... See more

Company details

  1. Investment service

Written by the company

Spread Co - Online broker for Spread Betting, CFDs & Forex trading. Free demo account.


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4.0

Great

TrustScore 4 out of 5

62 reviews

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4.0

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(62)

5 reviews in the last 12 months

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Rated 5 out of 5 stars

Supremely responsive and professional

Supremely responsive and professional. Clear communications by the client servicing team at all times. Strongly reccomend.

7 February 2024
Unprompted review
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Reply from Spread Co

Grateful for your review Mr Mulani! Thank you for your support!

Rated 5 out of 5 stars

I have been using SPREADCO for a long…

I have been using SPREADCO for a long time16 years.I like it because it`s simple and has good graphics. CONGRATULATIONS SPREADCO TEAM!!!

5 February 2024
Unprompted review
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Reply from Spread Co

Thank you very much for the review Mr Morar!

Rated 5 out of 5 stars

Hi I am Raveendranathan

Hi, I am Raveendranathan Velichapatt.
I was doing forex trade on this platform from 2014. I never had any kind of problem. I always recomend your platform to my friends.
Thanks for your support.
Thanks & Regards
Raveendranathan

8 December 2022
Unprompted review
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Reply from Spread Co

Thanks so much for your review Raveendranathan, we really appreciate it!

Rated 5 out of 5 stars

I have been using Spreadco for many Years -The best

I have been using Spreadco for many years now. There are a number of spread betting firms most offer the same stocks and indices to trade. Why would you chose Spreadco over the others? The answer is their platform is reliable, your fills on trades are instant and reliable and leverage is generous but sensible. Best of all is the speed of response from their customer service teams and if you need cash back to your bank account quickly it is normally done within minutes not hours. Same day options exist and fees have recently reduced. Highly recommended

27 November 2023
Unprompted review
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Reply from Spread Co

Dear Charles, thank you for your feedback, it is much appreciated!

Rated 5 out of 5 stars

I have been using Spreadco for years…

I have been using Spreadco for years and they are great. Amazing software and trading platform. Good account managers and worry free trading. I will always trust Spreadco for my trading. Top work guys.

10 October 2023
Unprompted review
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Reply from Spread Co

Thank you very much for your feedback Ad, we're really happy that you've had a good experience with us!

Rated 5 out of 5 stars

Dear Spread co

Dear Spread co
Really I am so likely and happy to corporate with more honest company like you and since 12 years when joining and trading in your platform find all assistance and supported then I hope to be able to work together again in the future.

7 September 2022
Unprompted review
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Reply from Spread Co

Thank you for your feedback Ali - we really appreciate it!

Rated 5 out of 5 stars

Brilliant support team

Brilliant support team. Whenever you ring the dealing desk or customer services, support is at hand.
Emails are responded to very quickly!

9 June 2023
Unprompted review
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Reply from Spread Co

Hi Jimbo, thanks very much for your feedback, we really appreciate it!

Rated 5 out of 5 stars

Spread Co review

I recently had the pleasure of using Spread Co as my trading platform, and I must say, I am thoroughly impressed. The user-friendly interface makes it easy to navigate and execute trades effortlessly. With competitive spreads and reliable execution, Spread Co has become my go-to choice for a hassle-free brokerage with easy trading platform

1 June 2023
Unprompted review
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Reply from Spread Co

Hi there, thanks so much for your feedback, we really appreciate it!

Rated 5 out of 5 stars

Excellent customer service

Excellent customer service, get the odd requote at busy times but on the whole I much prefer them to my other brokers.

30 March 2023
Unprompted review
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Reply from Spread Co

Hi Sayeed, many thanks for your feedback, we really appreciate it!

Rated 2 out of 5 stars

Worst app to start with

Worst app to start with. So many glitches. No proper response. In middle of the trading it gets hanged. I have lost money and no refund or apology. Wanna save your money. Cancel the account. I just did

8 April 2022
Unprompted review
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Reply from Spread Co

Dear Reeva,

We are unable to find an account under your name neither have we received any queries related to what you are dissatisfied with. In order for us to investigate further and provide you a detailed response please contact cs@spreadco.com.

Best regards

Spread Co Client Services

Rated 2 out of 5 stars

Can’t login

Can’t login as the platform is not responding. Have tried a number of times and restarting but still not working.

18 September 2020
Unprompted review
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Reply from Spread Co

Dear Ian

Thank you for your review. Please accept our apologies, this short outage was due to a technical issue with a third party service provider. I can confirm that steps have been taken to mitigate the issue occurring again in future.

Best wishes

Spread Co Client Services

Rated 1 out of 5 stars

Too many long delays and requotes

Edited for second time as Spreadco have again executed a trade 100 index points away from the market price,
-------
I cannot recommend spreadco.com for spread betting in UK. When orders are apparently being processed automatically they are usually fast and at the price displayed so that if you trade well all is good, but when as is now common on my account, it seems dealers intervene and execution is delayed. You must wait far too long to see if the order is executed.
Sometimes after a long delay the order is executed at the price when placed, but the market has moved in the meantime, most often this happens when the market has moved against you, so that if you had been requoted at the current price you could have rejected it and placed an order at a better price. Sometimes this happens even though a position at the price when placed could have been closed in profit while you are waiting, unable to take advantage. You might assume that the dealers are arbitraging these differences to profit for themselves or spreadco.
Other times after a delay you are requoted the same price as when you placed the order - why was it not just executed? Of course the market may have moved up and down while you were waiting.
Other times you are requoted a worse price. Every time this happens on an opening order spreadco are effectively showing you a profit you could have had if execution was swift but is now not available. Every time this happens on a closing order your profit is reduced if the requoted price is still giving some profit and you do not accept it the market may not give you the better price again - your chance to profit from a good bet has gone.
Worst of all sometimes you are requoted a worse price, well away from the price when you tried to place the order and which has not been offered by the market at anytime while you have been waiting.
Either the spreadco systems are incapable of matching customers orders and placing hedging orders for the net position in the real markets and so do not provide a viable trading platform for some styles of trading or you are being gamed by the dealers, either acting as individuals or for the company and there is a conflict of interest and a failure of best execution obligation.
Spreadco do provide figures for the proportion of orders that are requoted, (as required by regulators), but this does not tell the full story on delays nor show if some individual accounts suffer more than others.
------- edit after reply ----
The second paragraph in the reply below is not, in my experience, true. The requotes I have received are often not at the market price (at least as displayed on spreadco platform). The time mentioned the requote price was 100 points from where order placed, and spreadco conceded 96 points from market price. If it can happen once then how can they reassure customers it is not possible any time?
The requotes are still too frequent and delays are still far too great making it difficult to trade with confidence. As I wrote, sometimes it seems the orders are executed automatically, fast and on price. It used to be most commonly like that, but not recently. Still cannot recommend - just trying to be helpful to others.

10 September 2020
Unprompted review
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Reply from Spread Co

Dear Clive

Thank you for your review. We are sorry to hear that you are not happy with how your trades were executed.

As per our email correspondence with you, if trades come through away from the current market price, our dealers will then requote in line with the current market price.

There was one particular error, which we investigated and thereafter your account was credited.

If you have any further questions, please do not hesitate to contact us.

Best wishes

Spread Co Client Services

Rated 1 out of 5 stars

My name is praveen having ac with…

My name is praveen having ac with Spread but today i have shocked when i came to know my Brent Aug contact which is sold @ 61.84 by me and this same contract purchased by someone @ 74.11 and in my ac huge loss occurred due to this fraudulent transaction. Full night i did not sleep than i contacted my broker and he shorted out the issue and money reversed back to my account. I realise this transaction why because i am keep watching my trading ac but the person who invested for long term view or who is not checking his ac for daily basis so its a big scam which is done by spread side.
First question brent crude today high 61.04 and day low is 60.03 than how my contact has bought @74.11 which occur huge losses for me.
Second due to this it is mental harassment for me and i could not sleep full night.
Third why customer has to call to rectify this transaction, what preventive action is taking by spread for this type of transaction.

Forth what is guarantee it will not repeat in future.

Who is responsible for such kind of mental harassment or so called bad price?????

18 June 2019
Unprompted review
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Reply from Spread Co

Dear Praveen

Thank you for your review. Unfortunately there was a bad price on Brent Crude which caused the issue on your account. Having looked into the matter and as you have confirmed, the trade was subsequently reversed meaning that your account is not impacted as result of the issue.

We apologise for this and can confirm that the trade have been reversed regardless of you contacting us.

Best regards

Spread Co Client Services

Rated 5 out of 5 stars

I have ben with spread co for 9 years

I have ben with spread co for 9 years, and always find the support staff helpful I keep a eye on other platforms, and there prices are always spot on, If I have had a problem. some one always sorts 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 know who I am....top people.

29 November 2017
Unprompted review
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Reply from Spread Co

Dear Mr Edwards

Thank you for the feedback, it's always a pleasure speaking with you!

Best wishes

Spread Co Client Services

Rated 1 out of 5 stars

Stay well clear of Spreadco - simple!

Opened an account with Spreadco after leaving another broker, what a big mistake that was!

Placed one winning trade on UK Oil and then could not trade it after that as the chart stopped working. I rang daily to see what the issue was and my account manager simply stated the tech department were dealing with it, despite a full week no response. Makes me wonder after reading reviews on here whether they have restricted my account on purpose.

Also the charting software they use is trading view with less functions, however the big issue is you can't save any charts you are viewing, this means indicators and other data has to be added each time you open a chart, try to do this on a few markets - total waste of time!

Finally if you open trading view directly and then watch the same market through Spreadco you will see there is MASSIVE difference in price, hence Spreadco is actually NOT competitive at all.

All i will say is that I'm going back to my old broker with a bigger spread cost, however there customer service, support and backup are impeccable. A heavy lesson learnt don't look at the cheaper options, there will always be a catch. My advice stay well away from Spreadco.

2 November 2017
Unprompted review
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Reply from Spread Co

Dear Mr Mohammed

We are sorry to hear the issues you have faced on the platform. Having looked into your account I would like to address the problems you have raised. As per your contact with us, I believe the issue was down to your UK Crude Oil charts not pricing after 9PM on 30/10/17. As soon as you brought this to our attention it was communicated to our technical team. After investigating, they could not find anything wrong as that particular chart and all other charts were pricing and displaying correctly.

Given that it was only happening on your account our customer services team advised to try other options, e.g. trying different browsers, disabling certain extensions on your PC and to also log on to the platform using another computer, all of which you said were resulting in the same issue. We were then in the process of contacting you to create a new account to see if that resolved the issue however by that time you had already closed your account. If this is something you would like to try, please contact us and we will happily get this arranged for you.

Despite the UK Crude oil chart not working for you, this would not have affected your ability to trade on the platform as all other aspects of the platform were functioning as they should. We have in no way 'restricted' your account.

In regards to you not being able to save indicators on the charts, this is something which has been raised as feedback and we shall be introducing it in the near future.

I'm sorry that you have not had a positive experience with us, however we have made every effort to resolve the issue as much as we could.

Should you wish to try the option of creating a new account with us please let us know and we will be in contact to arrange this.

Best wishes

Spread Co Client Services

Rated 5 out of 5 stars

The Best thing about spreadco is their …

The Best thing about spreadco is their customer service and their Android app. Customer Service of spreadco 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

25 September 2017
Unprompted review

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