Spread Co versus UFX - Compare two Brokers

Spread Co versus UFX - Compare both Brokers

Spread Co versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
£250Web Trader & Apps1500+FCA
$100ParagonEx & Apps, MT4450+CySEC

Spread Co and UFX Comparison

Spread Co is an FCA regulated, London based broker offering Spread Betting and CFD trading. UFX is a CySEC regulated, Cyprus based broker offering CFD trading. Spread Co offers more limited features in return for low fixed and variable spreads, while UFX offers more features, which include crowd trading.

Quick comparison

Both offer CFD trading, Spread Co also provides spread betting in the UK. Spread Co has more markets, UFX offers crowd trading on ParagonEx.

Account opening and minimum deposit

Resident of most countries can open accounts with both brokers, however there are some restrictions and neither broker can open accounts for residents of the USA.

  • The minimum recommended deposit for Spread Co is £200 for spread betting and £250 for CFD trading. The minimum deposit for UFX varies depending on account type, but starts at $100.
  • Spread Co provides news and analysis, video updates, an economic calendar and trading guides on its website. Spread Co also provides a relationship manager for all traders.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4.

Markets

  • Spread Co offers Forex, Indices, Commodities, Stocks, ETFs, Cryptocurrencies and ADRs.
  • UFX offers Forex, Indices, Commodities, Stocks and ETFs.

Spread Co offers more markets than UFX, as Spread Co makes available 1500+ and UFX makes available 450+.

Cryptocurrency CFDs

  • Spread Co offers Bitcoin Futures.

Platform

Spread Co offers Candlestick, OHLC, Line, Area, Bar, Spline, Steep Line, Spline Area, Steep Line Area and Range Bar charts and 22 technical indicators, UFX provides candlestick, OHLC, line, hollow candles, Heikin-Ashi, Bar Forest, area, HLC, coloured bar HLC, dot chart and line dot charts and 50+ technical indicators.

While Spread Co offers news on its website, it do not offer a newsfeed on its platform. UFX offers an enhanced newsfeed called MassInsights, which aims to capture aggregated trader behavior along with market events.

Spreads and leverage

  • On its spread betting platform, Spread Co offers 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.
  • On Spread Co's CFD platform spreads are fixed, at 1.5 for EUR/USD, 1 for UK100, 0.4 for Gold and 0.04 for US Crude Oil.
  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

Maximum leverage for Spread Co is . Maximum leverage for UFX is .

Comparison summary

  • Both brokers offer CFD trading
  • Spread Co also provides spread betting in the UK
  • Spread Co can offer more markets to trade
  • UFX offers ParagonEx, with a crowd trading news feed
  • Spread Co provides the Saturn web trader and apps
  • Both offer fixed spreads
  • Spread Co can offer low fixed spreads for spread betting
  • UFX can offer lower fixed spreads with account types requiring a higher minimum deposit
  • Spread Co is FCA regulated, UFX is CySEC regulated

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