Report Abuse

Report this review to the Review Centre Team

Here at Review Centre we work hard to make sure we are the best place on the internet for honest, unbiased consumer reviews - we are grateful for your help in keeping us that way!

2252664

Why are you reporting this review?

If you represent this business why not claim your page by creating a Free Business Account where you will receive improved review monitoring functionality.


★★★☆☆

“Simple to use but only 30 day demo”

Written on: 22/09/2013 by bobetjo (15 reviews written)

Spreadco have a proprietary system called Saturn. This can be either downloaded for a number of operating systems or run online.

The layout is fairly simple and after a few days it can be understood.

The downside is that Spreadco only let new punters have a demo account for 30 days. Their logic is that new bettors can 'upgrade' to a funded account after that.

Successful spread bettors have said they probably trade once a month or less. 90% of all new punters lose their deposit in three months. So it feels a bit cynical to push inexperienced users into real cash transactions very early. This smacks of churning.

The company makes money whether you win or lose, but obviously has an interest in more frequent betting.

Was this review helpful? 0 0