CFI Markets
SpreadCo
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Overview
CFI Markets was founded in 2012 and is headquartered in Cyprus, while SpreadCo was established in 2005 and is based in London. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. CFI Markets serves 10,000+ clients worldwide; SpreadCo has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | CFI Markets | SpreadCo |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) | Financial Conduct Authority (FCA) |
| Founded | 2012 | 2005 |
| Country | Cyprus | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CFI Markets and SpreadCo, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Both brokers charge withdrawal fees. CFI Markets applies inactivity fees on dormant accounts; SpreadCo does not. CFI Markets charges deposit fees; SpreadCo does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | CFI Markets | SpreadCo |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
CFI Markets offers MT4, MT5, cTrader, while SpreadCo supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | CFI Markets | SpreadCo |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CFI Markets and SpreadCo compare. CFI Markets runs regular live webinars; SpreadCo does not. Both provide video tutorials. CFI Markets publishes daily market commentary; SpreadCo does not. Both integrate third-party research tools. CFI Markets maintains an archive of past webinars for on-demand viewing. CFI Markets scores higher overall in education and research.
| Feature | CFI Markets | SpreadCo |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. CFI Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while SpreadCo supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CFI Markets | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both CFI Markets and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | CFI Markets | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |