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Spread Co Demo Account

Spread Co Demo Account

 

Overall Rating

4.9/5

Rated #522 of 
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Yes, Spread Co offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Spread Co practice forex trading in a 100% risk-free environment.

Finding a reputable list about Spread Co demo account local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this brokers platform and their trading interface.

 

How to set up a Demo Account – Step by Step

 

Setting up a demo account with Spread Co is an easy and straightforward process that consists of the following steps:

 

  • Navigate to the Spread Co website and select ‘demo account’ from the homepage.
  • Traders will be redirected to a new page that allows traders to choose between a spread betting or CFD demo account. Traders who are not based in the UK must acknowledge that this is a service only available to UK residents.
  • Once traders have made their selection, they can choose between GBP, EUR, and USD as the account base currency.
  • Next, traders must provide their Full Name, country of residence, email address, and mobile telephone number.
  • Traders can then tick the box to be kept up to date, whether they want the platform tour, and lastly, the CAPTCHA before selecting ‘Apply’.
  • The next page that loads will inform the trader of their successful registration and traders will receive their auto-generated Password.
  • Traders can select ‘Login now’ to proceed to the login page. Traders can use their email address and the password provided to log into their personal area.
  • The demo account will load, and traders must accept the End User Licence Agreement before they can proceed to change their auto-generated password.
  • Once this is complete, traders will have access to the demo account.

 

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.

 

Overall Rating

4.9/5

Rated #522 of 
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Spread Co Demo Account Features

 

Once traders have completed the steps indicated above, and they have access to their demo account or practice account depending on what they want to use it for, they can expect some of the following features:

 

  • £24,000 in virtual funds indicated on the interface.
  • Live trading prices of financial instruments indicated on the interface. This can be altered from the Watch List tab.
  • Traders have access to positions, orders, trade history, and transaction history at the bottom of the interface.
  • Traders can search for instruments, make alterations to their watchlist, and access all markets including hot markets, indices, commodities, spot currencies, equities, and Bitcoin CFDs.

 

Pros and Cons

✔️ PROS ❌ CONS
Adequate virtual funds provided A demo account is only valid for 14-days
Demo account sign-up is quick and easy
The interface is user-friendly and customizable

 

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You might also like: Spread Co Account types

 

FAQ’s

 

What is the difference between a demo and live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Spread Co offer a demo account?

Yes.

 

For how long is the demo account valid?

14-days.

 

Which live trading accounts does Spread Co offer?

Spread Co offers two main accounts namely a Forex/CFD Account and a Spread Betting Account, which can only be used by UK residents. Each of these two main accounts is subdivided into other account types as follows:

 

  • Forex/CFD Account – Single Position Account and a Consolidated Account.
  • Spread Betting Account – Standard Account, Spread-Free Basic Account, and Spread-Free Bronze Account.

 

What are the available deposit currencies for a live trading account?

  • GBP
  • EUR
  • USD

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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