easyMarkets versus Spread Co - Compare two Brokers

easyMarkets versus Spread Co - Compare two Brokers
easyMarkets versus Spread Co Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps, MT4200+CySEC, ASIC
$250Web Trader & Apps1500+FCA

easyMarkets and Spread Co Comparison

Both of these brokers offer fixed spreads. Spread Co provides tight spread betting spreads. easyMarkets has CFD spreads which become lower with account types requiring a higher minimum deposit. Spread Co's CFD spreads are relatively tight. Both support discretionary trading with web traders.

Spread Co can offer more markets, though easyMarkets can provide more Forex pairs (it has a relatively large number of Forex product on offer). easyMarkets provides support for automated trading, by the provision of MT4.

Thus both offer features for traders who wish to trade with fixed spreads. Spread Co has more markets, easyMarkets has additionally MT4.

easyMarkets is regulated by the CySEC in Cyprus and the ASIC in Australia. Spread Co is regulated by the FCA in the United Kingdom.

Quick comparison

Both CFD brokers offer web traders and apps, easyMarkets also provides MT4, Spread Co also has spread betting in the UK and can offer tight fixed spreads.

Account types and minimum deposit

The minimum deposit for easyMarkets is $100. The minimum recommended amount to be deposited with Spread Co is £200 for spread betting and £250 for CFD trading.

  • easyMarkets offers a Standard account with a minimum deposit of $100 and a VIP account with a minimum deposit of $2,500.
  • All easyMarkets account types have customer support and a personal account manager. The VIP account additionally has telephone trading, access to the tightest spreads at easyMarkets, a personal analyst and real time SMS market updates. The minimum trade size is 0.01 lots.
  • Spread Co has three spread betting account types: Spread Free, Spread Free Bronze and Standard. It also has a CFD trading account. Spread Free and Spread Free Bronze offers zero spreads on some markets, T&Cs apply. Spread Free Bronze charges a fee and has less restrictions. Spread Co provides news and analysis on its website and a relationship manager for all account holders.

Markets

  • easyMarkets offers Currency Pairs, Commodities, Indices, Stocks, Cryptocurrencies and Options.
  • Spread Co offers Currency Pairs, Commodities, Indices, Stocks, Bitcoin Futures, ETFs and ADRs.

easyMarkets offers 200+ individual markets, versus 1500+ offered by Spread Co. easyMarkets does not offer Equities, which make up the bulk of the difference. However easyMarkets provides more Forex Pairs with 136 Day Trade/Spot FX, 48 FX Forwards plus 58 Vanilla Options FX pairs, versus 39 for Spread Co.

Cryptocurrencies

  • easyMarkets offers Bitcoin, Ethereum and Ripple.
  • Spread Co offers Bitcoin Futures.

Leverage and spreads

easyMarkets's maximum leverage is . Spread Co's maximum leverage is .

  • Spreads at easyMarkets are fixed and are from 0.7 for EUR/USD, 2.2 for UK100, 0.35 for Gold and 0.03 for US Oil (on MT5 variable spreads from 0.5 are offered).
  • Spread Co offers fixed spreads on its spread betting and CFD platforms. For spread betting, Spread Co offer fixed spreads of 0.8 for EUR/USD and UK100, 0.4 for Gold and 0.05 for US Crude Oil. Spread Co's spreads can change with higher order sizes and outside of market hours. For CFDs, Spread Co offers fixed spreads of 1.5 for EUR/USD, 1 for UK100, 0.4 for Gold and 0.04 for US Crude Oil.

Online trading platforms

Both brokers offer web traders. easyMarkets additionally provides MT4. Each offers mobile trading apps.

Why easyMarkets or Spread Co ?

Traders who want to trade on a web trader can do so at either broker. Spread Co has more markets to trade, as it offers more Stocks CFDs. Traders who want to trade on MT4 and use Expert Advisors, may do so at easyMarkets. Spread Co provides spread betting in the UK, in addition to CFD trading.

Summary

  • Both brokers offer CFD trading
  • In the UK, Spread Co also provides spread betting
  • Both brokers offer web traders and apps
  • easyMarkets additionally provides MT4 and allows EAs
  • Overall, Spread Co has more markets to trade