Commonwealth Securities
SpreadCo
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Overview
Commonwealth Securities was founded in 1999 and is headquartered in Australia, while SpreadCo was established in 2005 and is based in London. Commonwealth Securities holds licences including Cyprus Securities and Exchange Commission (CySEC), while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. Commonwealth Securities serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $5000 at Commonwealth Securities and $100 at SpreadCo.
| Feature | Commonwealth Securities | SpreadCo |
|---|---|---|
| Min. Deposit | $5000 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
| Founded | 1999 | 2005 |
| Country | Australia | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Commonwealth Securities and SpreadCo, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $5000 at Commonwealth Securities). SpreadCo charges withdrawal fees while Commonwealth Securities does not, giving Commonwealth Securities an edge for frequent withdrawers. Commonwealth Securities charges deposit fees; SpreadCo does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | Commonwealth Securities | SpreadCo |
|---|---|---|
| Min. Deposit | $5000 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Commonwealth Securities 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 | Commonwealth Securities | SpreadCo |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Commonwealth Securities and SpreadCo compare. Commonwealth Securities runs regular live webinars; SpreadCo does not. Both provide video tutorials. Commonwealth Securities publishes daily market commentary; SpreadCo does not. Both integrate third-party research tools. Commonwealth Securities maintains an archive of past webinars for on-demand viewing. Commonwealth Securities scores higher overall in education and research.
| Feature | Commonwealth Securities | 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. Commonwealth Securities 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 | Commonwealth Securities | 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 Commonwealth Securities 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 | Commonwealth Securities | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |