Start Trading Forex

You can trade forex with Spread Co using spread bets or CFDs. Whichever you choose, it’s easy to set up and use with our mobile, iPad and web trading platforms.

We don’t charge you a joining fee and we’ll never charge an inactivity fee either. Opening an account is simple and only takes a few minutes.

 

 

How to open your account

Step one – Sign up

Just click on the link. You’ll need to decide if you want a spread betting account or a CFD account. There are two types of CFD account:

  • Consolidated – nets positions off against each other so you can partially close a position by making an opposing trade
  • Single position − lets you simultaneously be long and short in the same market at the same time, but gives you the option to net open positions
 
Open an account
 

Step two – Choose your trading platform

Our web-based platform allows you to trade from any computer with no download necessary. Alternatively you can use our mobile apps - available on iPhone and Android - and iPad app, giving you the freedom to trade on the move.

  • Mobile App – lets you take your trading with you: open and close positions, place stop and limit orders and trade multiple markets simultaneously with ease while you’re on the move.
  • Web Platform – just log in via our website and start trading. With no software needed you can enjoy secure trading and great features, including a fully customisable interface and great charting tools.
  • iPad App - make the most of your tablet, with full-screen chart views that let you see historical performances easily using the pinch-zoom feature.
 
More on trading platforms
 

Step three – Fund your account

You can fund your account using your card on any of our trading platforms. You can also fund your account using a bank transfer or Skrill

 
More on funding your account
 

Step four – Start trading

Our trading platforms make trading easy to understand and easy to do. You’ll find lots of help, trading guides and market data in the news and education section of our website.

 
More on news and education
 
 

 

How forex is traded

 

With forex trading there are two currencies involved – called currency pairs. When you open a forex trade you’re buying one currency while simultaneously selling the other. When you close your position you’re carrying out the reverse action – selling the one you bought and buying the one you sold.

So, if you’re trading on GPBUSD you’re effectively buying pounds sterling with US dollars. If the exchange rate rises you can sell your pounds back to make a profit.

We explain forex trading in greater detail here

 

Withdrawing money from your account

You can withdraw money from your account at any time, provided it isn’t being used as margin. We make withdrawal payments back to the original source unless you made a deposit using MasterCard where we’ll make payment to your bank account. You can request a withdrawal by phone or email. There’s more information in the frequently asked questions.

 
 

 

Why not try a demo account?

Try forex trading with no commitment. A demo account lets you practise trading on a limited range of currencies, and find out how easy it is to use our trading platforms.

 
 
© 2017 Spread Co Limited. All Rights Reserved.

Spread Co Limited is a limited liability company registered in England and Wales with its registered office at 22 Bruton Street, London W1J 6QE. Company No. 05614477. Spread Co Limited is authorised and regulated by the Financial Conduct Authority. Register No. 446677.

Spread betting and CFD trading are leveraged products and can result in losses that exceed your deposits. Ensure you understand the risks.

Losses can exceed deposits. Click here to learn more.