Spreadex is a powerful trading platform. It focuses on trading through spread betting, forex, and CFD using mobile device options.
- Excellent selection of markets to trade on
- The quick and easy withdrawal process
- 20 years long history with a good track record
- Only $1 necessary for the minimum deposit
- Limited tools for education and research
Spreadex trading platform offers a fully immersive trading experience. In addition, it is customisable, with a range of features and tools that simplify trading.
Opening an account is a three-step process and it only takes minutes. After choosing the sign-up option, just fill in the online application form, verify your identity, fund your account, and get started trading.
Our team of researchers, who are also expert traders, have spent tons of time experiencing trading on this platform using both demo and funded accounts. Here are the exciting results.
Spreadex – Who Are They?
Over the last 20 years, Spreadex has offered exceptional trading services, earning numerous awards including Best Trading Alert System and Best Mobile Trading Platform. Former City dealer Jonathan Hufford launched Spreadex in 1999. His motivation was to make trading more accessible for a wide range of customers.
The services on Spreadex are highly efficient. Traders can use the advanced charting tools with pattern recognition and pro trend lines to guide their trading decisions. In addition, it is possible to receive price alerts conveniently through email, text, or push notifications. This capability means that you never miss an opportunity while trading. Currently, there are 60+ forex pairs on offer, 17 commodity CFDs and 1000 index and stock CFDs.
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Our Opinion About Spreadex
Our trading experience on this platform reveals that it is user-friendly and easy to navigate. In addition, trades can be executed with just £0.01 as you get started.
A demo account is available if you want to familiarise yourself with the site before using a standard account.
Spreadex has a strong record for being reliable and transparent with the trading services. More tools are being introduced to Spreadex ensuring that all the platforms are up to date for trading. Spreadex is fully optimised for trading using your mobile devices, including Android and iOS options.
Security
Spreadex prioritises the security of your investments above all else, establishing itself as a trusted and reliable platform in the UK market. The broker employs state-of-the-art encryption and data protection protocols to ensure your sensitive financial information remains confidential and secure. Additionally, Spreadex is regulated by the Financial Conduct Authority (FCA), which enforces strict compliance with industry regulations.
To further bolster security, Spreadex offers features such as two-factor authentication (2FA) to protect your account from unauthorised access. It also segregates clients’ funds, separating their capital from the company’s operational funds. This minimises any potential financial risks, and you are guaranteed your money back in case the broker goes bust.
Platform and Account Types
Spreadex provides a versatile web platform that caters to a wide range of traders. The platform is user-friendly and intuitive, making it accessible to traders of all levels. It offers seamless access to various markets, including forex, commodities, indices, shares, and more. There is also the TradingView platform known to host advanced trading tools beneficial to professional traders.
When it comes to account types, you will have access to its spread betting account, which allows you to speculate on price movements without owning the underlying assets. It’s known for its tax-efficient benefits for UK residents and offers flexibility for traders. Plus, there are the CFD and professional accounts for users looking to take the traditional trading approach and those seeking advanced resources. Sadly, Spreadex does not offer Islamic or demo accounts.
Fees
We explored Spreadex’s fees section and can attest that it is one of the most affordable in the UK market. The broker offers competitive spreads starting from as low as 0.6 pips, ensuring that traders can execute their strategies with minimal cost overhead. Moreover, there are no minimum deposit requirements or inactivity fees, providing traders with the flexibility they need to trade with any amount and at their own pace without worrying about additional costs.
Note that while Spreadex excels in affordability, traders should always be mindful of the potential risks associated with trading, especially when utilising leverage. The broker also has overnight charges and offers low margin rates starting from 0.45% for professional traders.
| Type | Fee |
|---|---|
| Minimum deposit | $0 |
| Deposit fee | $0 |
| Withdrawal fee | $0 |
| Inactivity fee | $0 |
| Overnight fee | Yes |
Mobile Compatibility
Spreadex offers a robust mobile app that’s compatible with both iOS and Android devices, allowing traders to stay connected to the markets while on the go. The app is designed with a user-friendly interface, ensuring that traders can execute orders, monitor positions, and access real-time market data with ease from the palm of their hands.
Like the desktop or web version, the Spreadex mobile app has a fast execution speed, allowing you to quickly enter and exit trades while maximising your potential. The app is also highly encrypted and secured with a two-factor authentication login procedure. Spreadex’s mobile app definitely provides the convenience and functionality you need to stay in control of your trades and investments anywhere, anytime.
Product Offerings
Spreadex stands out in the UK market for its comprehensive range of product offerings, catering to a wide spectrum of trading and investment preferences. Whether you’re interested in forex, commodities, indices, shares, or more, Spreadex provides access to over 10,000 tradable instruments across various markets. This extensive selection empowers traders to diversify their portfolios and explore different asset classes, enhancing their trading strategies and investment opportunities. Note that all these assets at Spreadex are available for trade as spread betting or CFDs.
Educational and Research Materials
Spreadex recognises the importance of education and research in helping traders make informed decisions. While the platform offers a robust trading experience, it does have room for improvement in terms of educational resources. Spreadex provides some basic educational materials, such as articles and guides, but it falls short of more comprehensive resources offered by larger brokerage firms. Traders seeking extensive training and educational content may find it beneficial to supplement their knowledge from external sources.
In terms of research, Spreadex offers a range of market analysis tools and resources, including advanced technical analysis charts and market updates on its TradingView platform. However, it may not provide the same depth of research as some of its competitors. Traders who rely heavily on research and analysis may need to consider using additional research sources to complement their trading strategies when using Spreadex.
Customer Service
Spreadex is committed to offering an exceptional support service to its users, and while testing its performance, we couldn’t be more impressed. The broker offers a dedicated support team that is readily available to address inquiries, resolve issues, and provide valuable insights. Although the support service is not 24/7, you can reach the team via multiple channels, including live chat, email, and phone.
FAQs
Spreadex aims to process all withdrawal requests within 24 hours, but the time it takes for funds to appear in your account can vary depending on the payment method used. Bank transfers may take up to 2 business days, while credit/debit card withdrawals can take 2-5 working days.
Yes. Spreadex is licensed and regulated by the UK Financial Conduct Authority (FCA) under registration number 190941. This means that the company must adhere to the strict regulatory requirements of FCA and maintain specific standards to protect its clients.
Founded in 1999 by a former trader Jonathan Hufford, Spreadex is a British-based trading and betting company privately owned by Spreadex Limited. Although the company’s ownership structure is not publicly available, it is managed by a team of professionals with over 20 years of experience in the financial industry.
Spreadex is a safe broker that has taken measures to ensure its users are comfortable and satisfied with their trading activities. For instance, the broker is licensed by multiple global authorities and has a highly encrypted platform. Additionally, users on Google Play and the App Store rank it as one of the most trustworthy brokers.
✔Helpful customer service
Spreadex has low forex fees and low non-trading fees. It offers a user-friendly web trading platform covering the most commonly used search and order functions. Customer support is fast and helpful via all channels. On the flip side, Spreadex's product portfolio is limited only to forex and CFDs, lacking popular asset classes such as real stocks. There is no desktop trading platform. Lastly, research tools are limited and the education section is very poor.
Spreadex is always quick and understandable. The site is easy to use and reliable 24/7. Lots of data is available to make informed trades. Many tools are available to set up trades. I have been using it for over six years and am happy with its performance.
With Spreadex it is possible to make money on the financial trading platform, which is something I have found impossible on other sports sites. They're now my main provider as they offer sensible leverage at a reasonable interest rate.
Good clean service, very easy to navigate the site. But needs a larger selection of stocks on offer and a smaller minimum purchase amount. I would highly recommend Spreadex, but only for people who know what they're doing, as spread betting can be very dangerous in the wrong hands. Spreadex is a decent firm, run by decent people.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal