1. Spreadex Pros and Cons
  2. Is Spreadex safe or a scam?
  3. Fees
  4. Spread
  5. Leverage
  6. Deposits and Withdrawals
  7. Trading Platform
  8. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years experience in Forex Trading check trading offerings, fees, platforms, verified regulations, contacted customer service, and placed trades to see trading conditions and give expert opinion about Spreadex

What is Spreadex?

Spreadex is an online FX broker established back in 1999 and focused on a financial trading service providing, as well as spread betting and sports betting, through its maintained office in London. Firstly, Spreadex launched online sports betting service in 2006 and then followed by a financial online trading platform. Generally, the company shows its positive growth and strives in terms of quality service delivery and presents itself as one of the biggest spread betting firm brokers within the UK.

  • The company base of clients is counted over 60,000 account holders, which choose to trade with attractive Spreadex conditions and access to over 10,000 global markets including indices, shares, FX (also with Bitcoin), commodities, bonds, options, Exchange Traded Funds, and interest rates. Moreover, the company offers the widest selection of AIM stocks in the industry starting with a low 20% margin.
  • Eventually, by its continuous development of trading offering that walks together with the technology development and necessity to access trading with the latest developments, Spreadex shows its various enhancements and additional specifications.

Thus, in 2012 Spreadex revamped its online trading platform to include advanced features like one-click trading, standard/ pairs view, and customizable trading windows. A few years later, Spreadex released also its new financial fixed odds markets, referred to as “Speed Markets”, allowing it to place fixed-risk bets on financial markets.

Spreadex Pros and Cons

Our Experts consider Spreadex a good and reliable broker that has proved its integrity throughout several years of proper operation with good regulation. The broker provides excellent trading conditions for CFD traders with access to spread betting for its UK clients. The broker also provides a user-friendly trading platform with good support and video tutorials.

For the Cons, the broker’s instruments offering is limited to FX and CFDs, there is no 24/7 support and fees are higher for fixed spreads. The educational section is poor with no demo account whatsoever. Another disadvantage is the lack of MT4 and/or MT5 platforms.

FCA regulated No 24/7 support
Good ReputationNo demo account
Low SpreadsOnly FX and CFD instruments
Competitive ConditionsPoor Education
Client ProtectionLimited Platform Offer
Global Coverage

SpreadEX Website

Spreadex Review Summary in 10 Points
🏢 HeadquartersThe UK
🗺️ Regulation FCA
🖥 PlatformsMT4
📉 InstrumentsForex, Share, Indices, Commodities, Bonds, ETFs, Cryptocurrencies, Interest Rates, Options
💰 EUR/USD Spread0.6
🎮 Demo AccountNot Available
💳 Minimum depositNo Minimum Deposit
💰 Base currenciesUSD, GBP or EUR
📚 EducationAvailable
☎ Customer Support24/5

Overall Spreadex Ranking

Based on our review and expert opinion, Spreadex is a trusted broker with good regulation and favorable trading conditions offering its clients a variety of instruments with low spreads. The broker ensures trading protection and charges low fees for transactions.

  • Spreadex Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageSpread BettingPlatformsEducation

Spreadex Alternative Brokers

However, Spreadex has a limited range of markets traded only on a CFDs and FX basis with only proprietary platforms available. The broker doesn’t provide a demo account and education is poor. So it is advisable to check other brokers for the availability of the above-mentioned points. Here are some of the alternatives Brokers:

Is Spreadex safe or scam?

Spreadex is considered safe since it is a UK-based brokerage and sports betting firm that is fully licensed by the FCA (Financial Conduct Authority), with low-risk Forex as it’s an essential part of any financial or investment company operating in the UK.

Therefore, Spreadex’s trading offering and opportunity also fully comply with the necessary regulatory requirements and the manner the company is operated. In other words, the only stability you may get from a trading broker is its proven record of reliability through the regulatory framework and the transparency the company may provide, which happens only within the authorized services the company may provide.

See our conclusion on Spreadex Reliability:

  • Our Ranked Spreadex Trust Score is 8.5 out 0f 10 for good reputation and smooth operation over the years. The broker is highly regulated by a top-tier financial regulator and provides immaculate client protection
Spreadex Strong PointsSpreadex Week Points
Good Reputation and Long OperationNone
Compensation Scheme
Negative Balance Protection
Global Coverage

How are you protected?

Overall, Spradex stable and profitable track record along with sufficient capital requirements proves the company’s reliability, also bringing you confidence. Customer protection is enabled according to the FCA rules as well, while clients can invest knowing that money is safe and kept segregated in top-tier bank accounts.

In addition, one of the main parts of the requirement is to enable every client participate in the FSCS Scheme that compensates up to 50,000£ in the unlikely event of the company’s insolvency.

Spreadex Review Licence


As for the Leverage levels, we see that being a UK brokerage firm the broker is thus obliged towards its restrictions and on how the company should operate.

  • The maximum offering available for retail traders goes to 1:30 for major currency pairs and lower for other instruments.

As for the professionals, they may access higher leverage ratios once the status is confirmed, along with specified conditions towards the spread betting and trading service Spreadex may provide.

Spreadex Account types

Spreadex offers a single account with an easy application where you should fill out the application form and proceed with further steps like funding to start live trading. The Spreadex accepts international applications, however, some territories may be restricted due to legal and regulatory reasons.

The account interface allows viewing online history, and statements, receiving instant bet confirmations, as well as to set suitable trading preferences.

Pros Cons
Single Integrated AccountNo Demo Account
Fast digital account opening
No Minimum Deposit Requirements

Spreadex Review Account Opening

Tradable Instruments

From what we found, Spreadex provides access to a wide range of instruments that are traded mainly on a CFD basis. The range includes Forex, Indices, Shares, Commodities, Bonds and Interest Rates, ETFs, Options, and Cryptocurrencies (due to regulatory restrictions, crypto trading is available only to professional traders). Also, being a UK broker, it offers clients spread betting to its clients from the UK.

  • Spreadex Markets Range Score is 8.2 out 0f 10 for a good selection of trading instruments. The only gap is the restriction on crypto trading which is a matter.

Spreadex Review Instruments

Spreadex Fees

We found out that Spreadex fees are mainly built into a spread, the broker doesn’t require any deposit or withdrawal fees, however, it is important to check other fees like funding or inactivity, see the fee table below.

  • Spreadex Fees are ranked low with an overall rating of 8.9 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our finds of fees and pricing in the table below, overall, we consider Spreadex fees good and competitive
FeesSpreadex SpreadCity Credit Capital SpreadINGOT Brokers Spread
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLowAverageLow


Spreadex costs are mainly built into the spread, which are fixed tight spreads for indices, shares, and commodities and might be variable for Forex instruments. Thus, the spread is from 1pt n UK100, Germany 30, and 1.7 on Wall St, also see more examples below and explore forex brokers with low spreads.

As for Financial spread betting as a fast (See spread betting brokers), simple and cost-effective trading within the global markets, you may get spreads from 0.6 points and one of the leading margin rates with the specialized provision on UK AIM stocks.

  • Spreadex Spreads are ranked low with an overall rating of 9 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are very attractive too
AssetSpreadex SpreadCity Credit Capital SpreadINGOT Brokers Spread
EUR USD Spread0.6 pips1.2 pips1.1 pips
Crude Oil WTI Spread 333
Gold Spread253529

Spreadex spread

What funding methods does Spreadex offer?

Spreadex account can be operated on a pay-as-you-go basis, by funding the account by Credit/Debit Cards, Direct Bank transfer, or cheque. The basis currencies are an optional choice in GBP, USD, or EUR currency.

  • Spreadex Funding Methods we ranked Excellent with an overall rating of 8.4 out of 10. the broker has no minimum deposit requirements, hence is highly competitive. Non-trading fees are either 0 or very small which is another advantage. It also provides

Here are some good and negative points for Spreadex funding methods found:

Spreadex AdvantagesSpreadex Disadvantages
Fast digital deposits, including Neteller, and Credit CardsNone
No Minimum Deposit Requirements
Multiple Account Base Currencies
Free Deposit and Withdrawal

Spreadex minimum deposit

Spreadex account has no minimum deposit requirement, any obligation to trade, or joining fees, however, you should check the margin requirement for the instrument you will be trading.

Spreadex minimum deposit vs other brokers

Spreadex Most Other Brokers
Minimum Deposit $0 $500

Spreadex withdrawal fee

Spreadex withdrawals are cleared with a minimum of 50£ with the rule to withdraw only onto the card that was used to deposit funds (as per the regulatory). The CHAPS same-day transfers are also available at the charge of 25£. Spandex does not charge for making payments using UK cards, yet, a 2% administration fee for all credit card payments is applicable, along with a 2.5% flat fee on all card transactions that are not in sterling.

Spreadex Withdrawal

Trading Platforms

We found that Spreadex’s trading platform is a fully-customizable, fast and reliable proprietary platform that is available through the web or mobile application versions. From a single account, Spreadex traders get access to spread bets and CFDs with advanced charting tools, award-winning execution, price alerts and watch lists. The platform is constantly under development in order to stay up-to-date with modern tools and advanced trading capabilities.

  • Spreadex Platform is ranked with an overall rating of 7 out of 10 compared to over 500 other brokers. The broker offers a highly customizable trading platform that is user-friendly and recommended for beginners. However, the broker doesn’t provide alternatives, like industry-standard MT4 and MT5
Trading Platform Comparison to Other Brokers:
PlatformsSpreadex PlatformsPepperstone PlatformsOvalX Platforms
Own PlatformYesYesYes
Mobile AppsYesYesYes
  • The technical analysis also presents sophisticated drawing tools, extensive price history, powerful indicators, pattern recognition features,s and automated Pro Trendlines. So even though there is no availability of MetaTrader4, you would not regret using Spreadex software either.
  • Along with its technical capabilities, there is a range of assistance tools enabling the clearest vision of the markets that bring the possibility to evaluate or predict further movements for its own better. There are analysis tools with pattern charts, trading updates, candlestick recognitions, and indicators that are free to all customers.

The vastness of opportunities brings hints for beginners or tools to control the risks, one-click trading, various order types with guaranteed stops, and spread-betting strategies along with the comparison to CFDs.

Spreadex Review Platform

Customer Support

Furthermore, there is an alternative way to trade directly by making a call to the company team ready to assist in every possible way. Eventually, Spreadex provides not only award-winning support, but also enables education materials, allowing you to learn better through knowledge of the latest trading strategies.

Moreover, Spreadex provides market tools and analytics on a regular basis, economic indicators, and more, which all help to develop better knowledge and market vision important in trading.

  • Customer Support in Spreadex is ranked Excellent with an overall rating of 9 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared to other brokers,  the only gap is that it is not available on weekends

See our find and Ranking on Customer Service Quality:

Quick responseNo 24/7 support
Relevant answersSupport only in English
Availability of Live Chat


As for education, Spreadex’s range of materials is quite poor. It offers a few basic articles and a glossary, also some video tutorials on platform usage. Also, there’s no demo account.

  • Spreadex Education ranked with an overall rating of 6 out of 10 based on our research. The broker provides poor educational resources and lacks demo account which is a major drawback

Spreadex Review Conclusion

The Spreadex review presents a company, which showed significant growth within the UK market for its achievement in Spread Betting and Sport betting services. The range of financial instruments and markets is widely presented, along with convenient fees and the possibility to enlarge the trading portfolio. A proprietary platform is also a powerful software that is packed with tools and capabilities through OTC execution. Overall Spreadex is an interesting combination for those who are interested in Spread betting, however, clients from other countries (apart from the UK) should check the trading possibility according to their country of residence as it may vary.

Based on Our findings and Financial Expert Opinion Spreadex is Good for:

  • Professional Traders
  • Traders with Various Trading Strategies
  • Spread Betting
  • Currency Trading and CFD Trading
  • CFD Shares Trading
  • Low Spreads Trading

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