Mazi Finance Scam Exposure: A Warning to Indian Traders
Latest India Mazi Finance scam: Failed XAUUSD execution despite margin, costing $675—fake “insufficient balance” excuse. Protect funds, read the full report now!
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Abstract:Spread Co is FCA regulated under license 446677 as a Market Maker in the UK, offering spread betting and CFD accounts.

Spread Co operates under strict oversight from the Financial Conduct Authority (FCA) in the United Kingdom. Licensed entity Spread Co Limited holds license number 446677, classified as a Market Maker (MM), active since October 6, 2006. This setup positions Spread Co Regulation as a cornerstone of its operations, with the firm's address at 1st Floor North Argyle House, Joel Street, and contact via phone (+44 01923 832600) or email (ajay.pabari@spreadco.com).
No license sharing occurs, and certified documents like Annex 1 and Annex 2 confirm compliance. Traders benefit from FCA protections, including negative balance safeguards, especially on CFD accounts. Domain records trace back to 2004-01-08, hosted in the UK by TOTAL WEB SOLUTIONS LIMITED, adding transparency to Spread Co's longevity.
Access over 1000 markets through Spread Co, spanning indices, FX, commodities, and equities. Key offerings include gold, equities, FTSE100, forex, commodities, and ETFs—no cryptocurrencies, bonds, options, or mutual funds noted.
Mini Markets enable stakes from 10p per point on major FX and indices, broadening appeal for smaller positions. Retail margins start at 3.33% on major FX pairs and 5% on indices, with minimum stakes from £1. These instruments allow spread betting tax-free in the UK and CFD trading without stamp duty.
| Tradable Instruments | Supported |
| Gold | Yes |
| Equities | Yes |
| Indices | Yes |
| FTSE100 | Yes |
| Forex | Yes |
| Commodities | Yes |
| ETFs | Yes |
Two primary live accounts define Spread Co's offerings: Spread Betting and CFD, plus a demo for practice. Spread Betting delivers tax-free profits, spreads from 0.6 pips, and zero commissions across 1000+ markets. CFD accounts add negative balance protection, no stamp duty, and zero financing on short index positions.
No explicit minimum deposit details emerge, though low entry via £1 stakes suggests accessibility. Professional charting comes free, with position matching to offset spreads—partial matches allowed. Compared to rivals like IG or CMC Markets, Spread Co emphasizes UK tax perks but lacks multi-account tiers.
| Account Type | Key Features | Fees/Spreads |
| Spread Betting | Tax-free, 1000+ markets, £1 min stake | From 0.6 pips, 0 commission |
| CFD | No stamp duty, negative balance protection | 0 short index financing, low equities (0.05% FTSE100) |
Proprietary web, mobile, and tablet platforms power Spread Co trading—no MT4/MT5 support. Web version offers customizable screens, pop-out windows for multi-monitors, and tiled views for data consolidation. Mobile apps handle position management, stop/limits, and funding on the go.
Users toggle orders directly on charts, streamlining execution for beginners and pros alike. Against competitors, Spread Co's setup prioritizes simplicity over advanced EAs, with 24/7 support via phone (0800 078 9398), email (info@spreadco.com), and social channels. UAE traffic leads visits, per records.
Spreads start tight at 0.6 pips; no commissions apply. Financing stays competitive—zero on short indices overnight, futures baked into prices, equities from 0.05% (5 basis points) on FTSE100. Leverage ties to margins: 3.33% major FX (up to 30:1 effective), 5% indices.
Withdrawal/deposit specifics are absent, but low margins and no stamp duty cut costs versus offshore brokers. WikiFX scores Spread Co at 7.0/10, noting high potential risk from market maker model despite FCA shield—office visit flagged unconfirmed in 2025.
Pros
Cons
Spread Co stands out for UK traders seeking FCA-regulated spread betting and CFDs with low costs and broad markets. License 446677 since 2006 underscores legitimacy, though market maker status warrants caution on pricing. Ideal for tax-efficient, platform-simple trading—test via demo before committing.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Latest India Mazi Finance scam: Failed XAUUSD execution despite margin, costing $675—fake “insufficient balance” excuse. Protect funds, read the full report now!

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