image Spread Co VISIT SPREAD CO image CM Trading VISIT CM TRADING 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.

CM Trading is regulated by FSP 3878. CM Trading have provided Forex, Spread betting, CFD trading services since 2011.

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 7 years in business
  • Yes
  • Yes
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters London, UK Mahe, Seychelles 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 28 84
Commodities Offered 2 6 26
Stocks Offered 1000 0 4500
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei No Yes 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 Yes Yes
Mirror Trader No Yes No
ZuluTrade No No No
Sirix No Yes No
cTrader No No No
PAMM No Yes Yes
Custom Platforms Spread Co CM Trading CopyKat 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, Spanish, Chinese, Arabic, and Indonesian

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 CM Trading

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No Yes Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account No Yes 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 Yes Yes
Virtual private server No No No
Direct market access No Yes No
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade £1 0.01 Lot 1 Lot
Max trade None None Varies
Min deposit $100 $250 $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 Yes No
Skrill Yes No No
Payment processing time Varies 1 business day 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 US 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 27 10 500 80 26 0845 355 0801
Live Chat Yes Yes Yes
Website https://www.spreadco.com/ https://www.cmtrading.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 No Yes
Commission No No 0.0015
Deposit Fee Varies No Varies
Withdrawal Fee Varies No 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.cmtrading.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.

CM Trading is an online forex trading service provider who are regulated by the FSB. To open an account with CM Trading, minimum deposits start from $250.

With CM Trading you can trade Forex, CFDs, indices, commodities, metals. If you like to trade on the go, CM Trading have iphone and Android apps so you can trade from anywhere on your phone.

CM Trading offer MetaTrader 4, Mobile Trader, CM Trading CopyKat, Web Trader platforms to make your trades and support 5 different languages.

The spreads offered by CM Trading for the most popular instruments are:
2.6 EUR/USD, 2.0 FTSE 100, GOLD,
3.0 GBP/USD, 3.0 DOW/JONES, Crude Oil,
see all the spreads here.

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 CM Trading?

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, CM Trading 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 Spread Co and CM Trading to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Spread Co is regulated by Financial Conduct Authority, while CM Trading is regulated by FSP 3878.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Spread Co 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 CM Trading have been around for 8 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.

Spread Co uses tier one banks as their banking partner.CM Trading does not use tier one banks as their banking partner.

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 CM Trading 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 CM Trading 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 CM Trading are based in Mahe, Seychelles .

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 CM Trading offer forex trading. Spread Co have a slightly larger variety of currency pairs with 40 pairs, compared to 28 offered by CM Trading. Also, if you’re looking to trade cryptocurrencies,

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

CM Trading 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. CM Trading, 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 CM Trading also allows scalping and hedging. You can't trade with EAs (expert advisors) on Spread Co but you can trade EAs (expert advisors) with CM Trading.

In terms of risk management tools, neither Spread Co or CM Trading 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 CM Trading accept Neteller.

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 CM Trading 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 CM Trading?

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

Objectively, CM Trading is more reliable based on our criteria above. CM Trading 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.