SpreadCo has a simple plan for all traders who wish to trade with them. Instead of bothering users with multiple account types, they are offering two accounts:
- Live Trading Account
- Demo Account
The difference is more than obvious, as the live trading account is used for real trading and real profit, while exposing you to real risk at the same time. Demo account is there for practice.
SpreadCo Live Trading Account
Live trading account requires registration and a real money deposit. Minimum deposit is 250 GBP for CFDs trading or 200 GBP for spreads betting. SpreadCo seems like a serious broker as they are warning you to read several documents before you even open a trading account, as they want you to be sure to understand all potential risks and the entire trading process.
Live trading account offers:
- 38 currency pairs
- 13 major indices
- Wide range of UK and international equities
- Spot Gold
- Spot Silver
- US Crude Oil Future
- Stop Loss
- Guaranteed Stop Loss
- Limit Order
- Personal relationship manager
SpreadCo Demo Account
SpreadCo demo should be used before you even start trading. You can open it simply by registering, as no deposit is required. It comes equipped with solid 25,000 GBP in virtual money. You can’t make any real money profit but you can gain valuable knowledge and experience.
Demo account has:
- 5 currency pairs
- 3 indices
- 10 equities
- Spot Gold
- Spot Silver
It should be noted how the SpreadCo demo doesn’t offer everything the live trading account does, but still delivers plenty of features that will enable traders more insight in the world of trading with this broker. The demo account is available for all types of trading, including spread betting.
SpreadCo Bonus
This broker is not offering any special bonuses on their website. We also found no mentioning of bonuses in their terms and conditions. If you want to use these types of benefits we suggest you ask the customer support about it or find another broker.