SPREAD FREE BASIC ACCOUNT
4 Daily Trades on nominated markets and £1 Flat Fee Thereafter
Our Spread Free Basic account is ideal for the less active trader. The account gives you access to selected Index and Forex markets, such as EURUSD, GBPUSD, UK100 & US30.
With 4 Spread Free trades included daily, you can place a limited number of Spread Free trades on our nominated markets. Charged on opening trades, the limit doesn’t extend to closing trades.
A £1 flat fee thereafter means you aren’t limited from opening further positions if you wish to place additional trades.
Want more than 4 daily trades? Our Spread Free Bronze account may be more suitable. A small monthly fee gives you access to 6 daily trades and a larger bet and position limit.
Spread Free Markets
Trade our 15 Spread Free Markets
| FOREX | EQUITIES | INDICES | COMMODITIES |
| GBPUSD | LLOYDS BANKING GROUP PLC | UK100 | SPOT GOLD |
| EURUSD | GLENCORE PLC | US500 | |
| USDJPY | VODAFONE GROUP PLC | US30 | |
| USDCAD | TESCO PLC | GER30 | |
| AUDUSD | BT GROUP PLC |
Spread Free Basic Account
Spread Free Basic Trading Parameters
| Spread Free Basic | Spread Free Bronze | Standard Account | |
|---|---|---|---|
| No of Free Opening Trades per day | 4 | 6 | 0 |
| Max Bet Size | £3 per point | £5 per point | Varies, as Per dealing System |
| Max Position Size | £8 per point | £12 per point | Varies, as Per dealing System |
| Monthly Fees | Nil | £10 | Nil |
| Potential Savings vs Standard Account | |||
| Trading FTSE – monthly | £200 | £615 | Nil |
| Trading FTSE – annually | £2,400 | £7,380 | Nil |
| Trading GBPUSD-monthly | £250 | £615 | Nil |
| Trading GBPUSD – annually | £3,000 | £7,380 | Nil |
Top 15 Selected Spread Free Markets
Trade the most popular Financial Markets Spread Free
| Markets / Instruments | Standard Spread | Spread Free Basic Account – Opening & Closing Trade Spread | Charge if Maximum Daily Free Trades Exceeded | |
|---|---|---|---|---|
In Hours | Out of Hours | Open Market – Anytime | Opening Trade Charge per Point | |
GBPUSD | 1 | 1 | 0 | 1 |
EURUSD | 0.8 | 0.8 | 0 | 1 |
USDJPY | 1 | 1 | 0 | 1 |
SPOT GOLD | 3 | 4 | 0 | 1 |
USDCAD | 2.5 | 2.5 | 0 | 1 |
UK100 | 0.8 | 1.8 | 0 | 1 |
US30 | 0.8 | 2.8 | 0 | 1 |
US500 | 0.4 | 0.4 | 0 | 1 |
GER30 | 1 | 2 | 0 | 1 |
AUDUSD | 1 | 1 | 0 | 1 |
LLOYDS BANKING GROUP PLC | MARKET SPREAD + 0.1% | N/A | 0 | 1 |
GLENCORE PLC | MARKET SPREAD + 0.1% | N/A | 0 | 1 |
VODAFONE GROUP PLC | MARKET SPREAD + 0.1% | N/A | 0 | 1 |
TESCO PLC | MARKET SPREAD + 0.1% | N/A | 0 | 1 |
BT GROUP PLC | MARKET SPREAD + 0.1% | N/A | 0 | 1 |
Is spread betting for me?
markets and what affects them
investment capital, through leverage
How do you spread bet?
When you open a spread betting position on a market, you are given a ‘buy’ and ‘sell’ price either side of the underlying market price – this is known as the spread. If you think the market will rise, you open your spread bet at the ‘buy’ price. If you think it will fall, you open at the ‘sell’ price.
Spread Free Frequently Asked Questions (FAQ'S)
It is a Spread Betting account with Spread Co’s top selected financial markets, with a zero spread (terms and conditions apply).
You are only able to have one Spread Betting account with Spread Co. You can choose from either a standard account type or a Spread Free account (Basic or Bronze)
Yes, each spread free account has a daily trade limit, maximum position limit per instrument and a max bet size per trade.
The daily limit resets at 10 pm London time and applies up to 10 pm the following day.
The Basic account is completely free and has no inactivity fees. The Bronze Spread Free account is charged at £10 per Calendar Month, which is deducted from the account up front. If you join within the month then the fee will be calculated on a pro-rata basis and deducted upfront.
In this scenario, you would only pay for the period left within the calendar month. For example, if there were only 10 days remaining, only a 10-day portion of the monthly fee would apply.
In the event an account is switched from Bronze to basic, then the fee you have already paid will not be refunded.
Unfortunately not. The daily trade allowance is allocated per business day and cannot be rolled over.
Yes, all live Spread Betting accounts are eligible for interest as long as trading resources are between £10,000 and £20,000, subject to the 2% interest terms and conditions.
At times of significant economic data release or changes in market trading conditions due to abnormal events, spreads may become chargeable for up to 2 minutes around the data points.
All positions are credited or debited as appropriate for Overnight Financing, Dividends and Monthly Interest.
All Spread Free markets are charged for trades greater than the maximum free opening trades per account type.
Once you have exceeded your daily limit of spread free trades there will be a charge of £1 per point per opening trade, closing trades are free.
For example, the excess charge on opening a new trade with a stake of £3 on the UK100, would be £3. No charges would be incurred on closing this trade.
Spread Co makes makes its money from overnight interest, and additional charges over the minimum free trades per day, and from the subscription fees of the premium account types.
Your account can be converted within minutes, and your Spread Free account will be available to use immediately.
Unfortunately not.
Any open positions will have to be closed before your account can be converted.
The Spread Free markets included are selected by Spread Co and will be added to over time.
Just get in touch with our Sales Team, your Dedicated Relationship Manager or our Client Services team who will help you through every step.
This Account Type does not permit scalping i.e. opening and closing a position within 3 minutes (this includes all trades, buy/sell or sell/buy regardless of any trading strategy). Consequently we have the right to withhold this offer when we have reasonable belief that there has been co-operation, collusion or organisation of trades from the same source, or if we have reasonable belief that the offer is being abused in any way.
LOW COST SPREAD BETTING WITH SPREAD CO
Like all forms of investing you have to pay charges, that’s why it makes sense to trade with a company that offers competitive spread betting charges. There are four key charges you need to be aware of
OUR TRADING PLATFORMS
At home, in the office or on the move. Spread Co’s trading platforms mean you never have to miss out on a great trading opportunity. All of our trading platforms offer advanced, interactive charting and live pricing as standard on over one thousand tradable markets.
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REMEMBER, WHEN YOU CHOOSE TO TRADE WITH SPREAD CO
*Terms and Conditions apply