forexite
SpreadCo
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Overview
forexite was founded in 2010 and is headquartered in Switzerland, while SpreadCo was established in 2005 and is based in London. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. forexite serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $250 at forexite and $100 at SpreadCo.
| Feature | forexite | SpreadCo |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229 | Financial Conduct Authority (FCA) |
| Founded | 2010 | 2005 |
| Country | Switzerland | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between forexite and SpreadCo, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $250 at forexite). Both brokers charge withdrawal fees. forexite applies inactivity fees on dormant accounts; SpreadCo does not. SpreadCo charges deposit fees; forexite does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | forexite | SpreadCo |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
forexite 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 | forexite | 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 forexite and SpreadCo compare. forexite runs regular live webinars; SpreadCo does not. Both provide video tutorials. forexite publishes daily market commentary; SpreadCo does not. Both integrate third-party research tools. forexite maintains an archive of past webinars for on-demand viewing. forexite scores higher overall in education and research.
| Feature | forexite | 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. forexite accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while SpreadCo supports 2 (bank transfer, credit/debit card). forexite uniquely supports PayPal and Skrill and Neteller among the two brokers. forexite scores higher on deposit and withdrawal flexibility.
| Feature | forexite | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both forexite and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. forexite supports 8 languages and SpreadCo supports 2, giving forexite broader global reach. Both brokers are comparable on support quality.
| Feature | forexite | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |