SpreadCo offers two primary account types for traders: the CFD Account and the Spread Betting Account. Both accounts require a minimum deposit of $200 USD or £200 GBP to open.
1. CFD Account
- Markets Available: Trade a wide range of markets including shares, commodities, and forex.
- Fees: No commissions on trades; equities charges start as low as 0.05% for FTSE 100 equities.
- Financing: 0% financing on short index positions.
- Platform: Access to superior web and mobile platforms, allowing individual position management.
- Minimum Stake: From just £1.
2. Spread Betting Account
- Markets Available: Access to over 1000 markets including indices, FX, commodities, and equities.
- Spreads: Starting from 0.6 pips.
- Tax Benefits: Profits are tax-free.
- Financing: 0% financing on short index positions.
- Minimum Stake: From just £1; retail margins from 3.33% on all major FX and 5% on indices.
Additionally, both accounts allow access to mini markets, enabling trades from just 10p per point.
SpreadCo Broker Account Opening Process
Opening an account with SpreadCo is a straightforward process that can be completed in a few simple steps:
- Complete the Online Form: Fill out the application form available on the SpreadCo website.
- Verification: SpreadCo will check and verify your application, which typically takes up to 24 hours.
- Account Confirmation: You will receive an email with your account details once your application is approved.
Required Documentation
To verify your identity, you may need to provide:
- Proof of Identity: Valid passport, national identity card, or photo driving license.
- Proof of Address: Recent utility bill, bank statement, or government agency letter.
For non-UK residents, additional documentation may be required.
For more details or assistance, you can contact SpreadCo's client services team at +44 (0) 1923 832 682 or via email at cs@spreadco.com.
Spreadco accounts can be viewed for products that can be traded shares, commodities, forex, cryptocurrencies accounts with a minimum deposit of -- by (2+) --.