Spread Co is a UK based financial company offering spread betting and CFDs trading. It is authorized and regulated by the Financial Conduct Authority (FCA) in the UK. The company offers its own trading terminal, which is web-based and can run on every contemporary browser without the need of installing any additional software. Clients can trade forex, indices, commodities, shares, and Bitcoin futures.
The platform is constructed in four square blocks, which can be resized. The central two of them are for instruments and for trades and the other two show Market browser and the Recent Activity. There is another window above the Market Browser called Account Summary, which is not resizable.
The Market Browser window contains the asset groups – All Markets, Hot Markets, Indices, Commodities, Currencies and Equities. Each of them can be extended to subgroups, so that the desired instrument can be found. There also is a search field but it is not so intuitive – you must enter the entire name and press the search button to show the instrument you are looking for.
A popup window appears when you click on the instrument name and it contains shortcuts to Trade window, Order window, Chart window, Price window and Market info. Clicking on the View button next to the entire asset group or subgroup shows it in the Instrument window at the central part of the workspace. You can also create your own favorites by writing the name of the instrument and then click on the Add button.
The Instrument window shows the most important information such as Sell and Buy prices, the daily change, and daily high and low values for each instrument. You can click on the buy or sell price of the instrument’s line and the Trade window appears with the corresponding buy or sell option activated. The minimum amount is entered by default. A click on the Confirm button places the order. Trade, Order and Chart buttons are next to the instrument prices. They call the corresponding window. So, pending orders can be placed from the Order button. The corresponding window opens. Here you can set the price of the pending order and the properties of the associated stop loss and take profit orders. A click on the Confirm order button activates the stop/limit order.
Already open positions are displayed in the Positions window, which is below the Instruments window. Here they can be closed or modified.
The Chart window is opened by clicking on the Chart button in the Instrument window, or from the popup menu when clicked on the instrument name. Charts can be maximized and occupy the entire workspace. Chart types include bars, candlesticks, HeikinAshi, hollow candles, lines, and area. You can select time frames from one minute up to one day. Zooming can be done by the dedicated buttons or by the mouse scroll wheel. There are a lot of graphical objects such as different types of lines, geometric shapes, text, pattern tools, a tool for measure, and Gann and Fibonacci retracement tools. Over 90 technical indicators are available from the Indicators menu.
You can place pending orders directly from the chart. First adjust the desired price level and right click opens a context menu. Then you must choose a buy or a sell order to be placed at that price.
Generally, the platform is intuitive and provides all the essential tools for manual trading. Fans of automated trading would probably prefer the MetaTrader 4 platform, which the company does not offer. However, the spreads of the most instruments (all except shares) are fixed regardless of the market volatility, which is not a common phenomenon.