image Spread Co VISIT SPREAD CO image ATC Brokers VISIT ATC BROKERS image City Index VISIT CITY INDEX
About

Spread Co is regulated by the Financial Conduct Authority. Spread Co have provided Forex trading services since 2005.

ATC Brokers is regulated by NFA 0358522. ATC Brokers have provided Forex, Spread betting trading services since 2005.

City Index is regulated by the Financial Conduct Authority. City Index have provided Forex trading services since 1983.

Why choose them?
  • Yes Over 13 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 13 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters London, UK CA, USA London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting Yes No Yes
Social Trading No Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 40 38 84
Commodities Offered 2 0 26
Stocks Offered 1000 0 4500
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks Yes No Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei No No Yes
ETFs Yes No Yes
IPO Yes No No
See all instruments

61.8% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

61.8% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

61.8% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No No No
MT4 Mac No No No
WebTrader Yes No Yes
Mirror Trader No Yes No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No Yes Yes
Custom Platforms Spread Co ATC Trader, Algo Trader AT Pro, Advantage Web

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

English and German

English

English, Spanish, German, Arabic, Polish, and Chinese

See platform & features

61.8% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

Losses can exceed deposits

See platform & features

72% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Spread Co and ATC Brokers

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account No Yes No
Islamic account No No No
Zero spread account No No No
VIP account No Yes Yes
Fixed spreads Yes No Yes
Variable spreads No Yes Yes
See account options

61.8% of retail investor accounts lose money when trading CFDs with this provider

See account options

Losses can exceed deposits

See account options

72% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping No Yes No
Hedging Yes Yes Yes
Expert advisors (EAs) No No Yes
Virtual private server No No No
Direct market access No No No
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade £1 1 Lot 1 Lot
Max trade None None Varies
Min deposit $100 5,000 $25

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts No Yes Yes
Signal trading No No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller No No No
Skrill Yes No No
Payment processing time Varies 1-2 business days 2-3 business days
Withdrawal processing time Varies 1-3 business days 2-3 business days
See all funding options

61.8% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

Losses can exceed deposits

See all funding options

72% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries non-OFAC, US non-OFAC, US US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
Contact email Send Email Send Email Send Email
Phone number 0800 078 9398 (1) (877) 654.8400/ (1) (877) 654.8400 0845 355 0801
Live Chat Yes Yes Yes
Website https://www.spreadco.com/ https://www.atcbrokers.com/ www.cityindex.co.uk
Spreads:
EUR/USD (Average: 0.7 pips) 0.8 pips Not offered 0.5 pips
GBP/USD (Average: 1.1 pips) Not offered Not offered 0.5 pips
USD/JPY (Average: 1.1 pips) Not offered Not offered 1.6 pips
AUD/USD (Average: 0.8 pips) Not offered Not offered 0.5 pips
USD/CHF (Average: 2.3 pips) Not offered Not offered 1.6 pips
USD/CAD (Average: 2.9 pips) Not offered Not offered 0.5 pips
NZD/USD (Average: 3.6 pips) Not offered Not offered 2.3 pips
EUR/GBP (Average: 2.4 pips) Not offered Not offered 0.5 pips
View all spreads

61.8% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

Losses can exceed deposits

View all spreads

72% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No Yes Yes
Commission No No 0.0015
Deposit Fee Varies Varies Varies
Withdrawal Fee Varies £25 Varies
View All Fees

61.8% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

Losses can exceed deposits

View All Fees

72% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from https://www.spreadco.com/. Last updated on 01/07/2019.

All information collected from https://www.atcbrokers.com/. Last updated on 01/07/2019.

All information collected from www.cityindex.co.uk. Last updated on 01/07/2019.

Company

Since 2006 Spread CO have been a global leader in spread betting and CFD services with their competitive spreads, low margins and growing trading community. They provide fixed spreads so you know the spread you see is the spread you get. Every Spread Co client is assigned a dedicated relationship manage who will not only help you get get started on their trading platform but also keep you informed with market updates. The benefits of trading with Spread Co include tight, fixed spreads, no finance charges on short index or equity positions, low margins, relationship manger combined with their trusted reliable platform and ultra low commissions. Spread Co is also regulated by the stringent Financial Conduct Authority making them a great option for those looking for a trusted spread betting or CFD service provider.

For more information about trading with Spread Co, we have put together an indepth Spread Co review with all the pros and cons about this broker.

ATC Brokers is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with ATC Brokers, minimum deposits start from $5,000.

With ATC Brokers you can trade Currencies, gold & silver. If you like to trade on the go, ATC Brokers have iPhone and Android apps so you can trade from anywhere on your phone.

ATC Brokers offer MT4 PC, MT4 Plus, MT4 Mobile, Trade Copier platforms to make your trades and support 3 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by ATC Brokers for the most popular instruments are:
0.3 EUR/USD, variable FTSE 100, GOLD,
0.7 GBP/USD, variable DOW/JONES, Crude Oil,
see all the spreads here.

For more information about trading with ATC Brokers, we have put together an indepth ATC Brokers review with some of the pros and cons about this broker.

Since establishing themselves as one of the first spread betting providers in the UK. , City Index have grown to a global company in over 50 countries completing over two million trades every month. City Index provide some of the most competitive spreads across thousands of markets including indices, shares, currencies, commodities and many more.

City Index have continued to innovate and were the first to provide a downloadable Android and iPhone app for spread betting and CFD trading and with over 30 years experience in the industry, you know you can trust Cityindex to handle your trades.

For more information about trading with City Index, we have put together an indepth City Index review with some of the pros and cons about this broker.

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Spread Co or ATC Brokers?

A wide range of instruments or access to MT4?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Spread Co is likely the better option out of these brokers. However, if you want a broker that offers MetaTrader4 as a trading platform, ATC Brokers may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider ATC Brokers to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Spread Co and ATC Brokers are both regulated by Financial Conduct Authority

As the Financial Conduct Authority are one of the most stringent regulators in the world, both Spread Co and ATC Brokers will have very strict guidelines to follow to ensure they protect their retail trader clients.

City Index are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Spread Co has been around for 14 years, while ATC Brokers have been around for 14 years. Our third alternative broker, City Index, have been around for 36 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Spread Co and ATC Brokers use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Spread Co or ATC Brokers in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Spread Co is more popular with over 5,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Spread Co and ATC Brokers are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Spread Co are based in London, UK, while ATC Brokers are based in CA, USA .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Spread Co and ATC Brokers offer forex trading. Spread Co have a slightly larger variety of currency pairs with 40 pairs, compared to 38 offered by ATC Brokers. Also, if you’re looking to trade cryptocurrencies,

Both Spread Co and ATC Brokers allow you to trade commodities like gold, silver and crude oil.

ATC Brokers also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. ATC Brokers, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Spread Co does not allow scalping but allows hedging. While ATC Brokers also allows scalping and hedging. You can't trade EAs (expert advisors) with either Spread Co or ATC Brokers.

In terms of risk management tools, neither Spread Co or ATC Brokers offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Spread Co also offer stop losses and limit orders to help you automate aspects of your trading strategy.

Spread Co accept Skrill while

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Spread Co and ATC Brokers both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Spread Co or ATC Brokers?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, ATC Brokers is more reliable based on our criteria above. ATC Brokers has a wider range of instruments to trade. Spread Co offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.