Jump to content

Spread Co: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
m General fixes, typo(s) fixed: withe → with
External links: moving it to Financial services companies established in 2006.
Line 72: Line 72:
[[Category:Financial services companies of the United Kingdom]]
[[Category:Financial services companies of the United Kingdom]]
[[Category:Companies based in the City of Westminster]]
[[Category:Companies based in the City of Westminster]]
[[Category:Companies established in 2006]]
[[Category:Financial services companies established in 2006]]
[[Category:Financial derivative trading companies]]
[[Category:Financial derivative trading companies]]

Revision as of 19:47, 23 December 2019

Spread Co
Company typePrivate
IndustryFinancial Services
FoundedLondon, UK (2006 (2006))
FounderAjay Pabari
Headquarters,
Key people
Ajay Pabari (Founder/CEO)
ServicesOn-line trading, CFDs, Spread Betting and Foreign Exchange
Websitewww.spreadco.com

Spread Co is a financial spread betting and CFD provider based in the UK. Spread Co's custom-built platform is built and developed in-house for both professional and retail clients to trade financial markets.

History

Founded in 2006

In 2006 the former chief financial officer of CMC Markets, Ajay Pabari, founded Spread Co, as a specialist provider of CFDs. The concept was to create a platform that was both sophisticated and simple to use, and saw tremendous potential in offering this high quality trading platform worldwide.[1]

2009 - Saw the introduction of Spread Betting

With the idea of filling certain gaps in the online retail trading space and the custom made focus. In 2009 Spread Co added Spread Betting to its list of products, integrated into one single platform 'Saturn'.

2010 - Competitive Spreads

In October 2010 Spread Co reduced its bid-offer spreads and started offering 0.8pt spreads for EURUSD, the UK100 and the US30 Index.

2017 - Bitcoin

Spread Co launched its first cryptocurrency product; 'Bitcoin Futures' available to trade for its spread betting account holders.

2018 - Spread Free Trading and Mini Markets

The Spread free account provides account holders access to selected Index and Forex markets, such as EURUSD, GBPUSD, UK100 and US30 all with zero spread on all opening and closing trades in line with the fair usage policy.

New ESMA regulations increased the minimum margin requirements for trading; with all clients in mind Spread Co launched a list of top 6 popular trading markets forming their 'Mini Markets' enabling clients to trade low stakes with smaller deposits.

Operations

The London-based company has business overseas through partnerships in different countries, including the United Arab Emirates.[2]

Trading platform and Account types

The company provides its services via in-house built Saturn trading platform. The platform can be accessed online via a web-based platform or via a mobile platform and is customisable. Spread Co also offer a demo platform enabling clients to familiarise themselves with the platform.

Spread Co offer several account types all tradable via the one platform.

Spread Betting Account

CFD Account

Spread Free Account

Spread Free Bronze

Regulation

Spread Co is authorised and regulated by the Financial Conduct Authority (FCA) since October 2006. All client money is kept in a separate bank account, this is a requirement of the FCA's client asset rules.

References