Spread Co Ltd.

Mar 29th, 2020

Fake Reviews and a Scam of the Company. Search for Honest reviews online and you will see.
Jun 29th, 2018

I find the web platform highly intuitive to use and the range of markets suits my needs. Customer support is very good and were able to answer my queries quickly by email or phone. There are some basic guides for beginners which explain how to spread bet and also explains the differences between spread betting and CFDs. All in all I would recommend this provider.
Feb 21st, 2018

Dec 22nd, 2017

If your looking to start trading with this company first make sure that thay have told you that they trade against you with a conflict of interest then go on to test their platform you will find execution delays one after another this is particularly useful for the company because While your order is waiting to be executed the dealer effectively has the gift of hindsight in deciding whether to allow your order to pass at the originally quoted level. In effect this advantage, over a period of time, has the effect of making the spread slightly larger than is quoted. The obvious result is an increase in the cost of trading which is a cost shouldered purely by you , the opposite happens when you go to close a trade and again they are delaying the execution and making money out of you . I have seen this and made videos of it over and over again showing the Mifid rules being breached over and over again ! If you believe you have lost money due to this company and you have been duped out of your money then please contact FIRM ON LAW they will assist in helping you to now recover the money through the Courts and Financial Ombudsman, If you have opened an account with them please make sure thay made you aware of the best execution booklet and the rules and that thay made you aware of the fact that they might cause a conflict of interest while trading against you by using their own funds on their books , this should have been clear and transparent form the point you signed the contract . I have suffered day after day with problems with them and issues with their platform , if i was thinking of opening an account i would steer clear and give it a wide berth that way you might have a chance with a different broker or one that offers direct through prices and is recognised as upholding the Mifid rules and Treating Customers fairly so dont bother in opening an account with this company unless you're a fool ! AFTER searching google i came across this article as i was worried that most of the staff were not Mifid compliant and had no understanding of the rules if i had known this i would have never opened an account with them years ago ! Petitions Monday 15 December 2014 PRESENTED PETITION Petition presented to the House but not read on the Floor Spread Co Limited The Petition of sundry former employees of Spread Co Limited, Declares that although Spread Co Limited (based in Northwood Hills) has a heavy online presence it is actually a small company with fewer than 50 members of staff occupying a few rooms above an inexpensive row of shops; further that Spread Co Limited has made losses for most of its history; further that despite its small workforce Spread Co Limited has attracted numerous staff complaints and civil claims; further that Spread Co has been making redundancies and has been cost-cutting since 2012; further that an Employment Tribunal this year found that the CEO of Spread Co Limited, Ajay Pabari, had treated a manager, Richard Pashley, further that there have been repeated and multiple claims that Spread Co Limited has been involved in questionable financial practices and employment blacklisting; further that there have been repeated complaints about Ajay Pabari, Matt Funnell (the Head of IT) and Richard Pashley; and further that the Petitioners believe it appropriate to warn investors and customers of the substantial risk to their money. The Petitioners therefore request that the House of Commons urges the Financial Conduct Authority and the Data Protection Commissioner to investigate Spread Co Limited, Ajay Pabari, Richard Pashley and Matt Funnel in relation to the numerous staff complaints that Spread Co has attracted, the claims that Spread Co Limited has been involved in questionable financial practices and employment blacklisting and the complaints against the individuals mentioned.
Jan 16th, 2017