Spreadex Review
Leverage: 1:30
Regulation: FCA
Min. Deposit: 0 US$
HQ: UK
Platforms: Spreadex platfrom
Found in: 1999
Spreadex Licenses
- Spreadex Limited - authorized by FCA (UK) registration no. 190941
Leverage: 1:30
Regulation: FCA
Min. Deposit: 0 US$
HQ: UK
Platforms: Spreadex platfrom
Found in: 1999
Spreadex Licenses
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.
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.
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.
Advantage | Disadvantage |
---|---|
FCA regulated | No 24/7 support |
Good Reputation | No demo account |
Low Spreads | Only FX and CFD instruments |
Competitive Conditions | Poor Education |
Client Protection | Limited Platform Offer |
Global Coverage |
🏢 Headquarters | The UK |
🗺️ Regulation | FCA |
🖥 Platforms | MT4 |
📉 Instruments | Forex, Share, Indices, Commodities, Bonds, ETFs, Cryptocurrencies, Interest Rates, Options |
💰 EUR/USD Spread | 0.6 |
🎮 Demo Account | Not Available |
💳 Minimum deposit | No Minimum Deposit |
💰 Base currencies | USD, GBP or EUR |
📚 Education | Available |
☎ Customer Support | 24/5 |
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.
Ranking | Spreadex | Pepperstone | XM |
---|---|---|---|
Our Ranking | ⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Advantage | Spread Betting | Platforms | Education |
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:
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:
Spreadex Strong Points | Spreadex Week Points |
---|---|
Good Reputation and Long Operation | None |
FCA-regulated | |
Compensation Scheme | |
Negative Balance Protection | |
Global Coverage |
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.
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.
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 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 Account | No Demo Account |
Fast digital account opening | |
No Minimum Deposit Requirements |
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.
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.
Fees | Spreadex Spread | City Credit Capital Spread | INGOT Brokers Spread |
---|---|---|---|
Deposit Fee | No | No | No |
Withdrawal Fee | No | No | No |
Inactivity Fee | Yes | Yes | Yes |
Fee ranking | Low | Average | Low |
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.
Asset | Spreadex Spread | City Credit Capital Spread | INGOT Brokers Spread |
---|---|---|---|
EUR USD Spread | 0.6 pips | 1.2 pips | 1.1 pips |
Crude Oil WTI Spread | 3 | 3 | 3 |
Gold Spread | 25 | 35 | 29 |
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.
Here are some good and negative points for Spreadex funding methods found:
Spreadex Advantages | Spreadex Disadvantages |
---|---|
Fast digital deposits, including Neteller, and Credit Cards | None |
No Minimum Deposit Requirements | |
Multiple Account Base Currencies | |
Free Deposit and Withdrawal |
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 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.
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.
Platforms | Spreadex Platforms | Pepperstone Platforms | OvalX Platforms |
---|---|---|---|
MT4 | No | Yes | Yes |
MT5 | No | Yes | No |
cTrader | No | Yes | No |
Own Platform | Yes | Yes | Yes |
Mobile Apps | Yes | Yes | Yes |
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.
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.
See our find and Ranking on Customer Service Quality:
Pros | Cons |
---|---|
Quick response | No 24/7 support |
Relevant answers | Support 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.
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:
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