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Spreadex Review 2024

By:
Dan Blystone
Reviewed By:
Ola Alder
Updated: Sep 30, 2024
Overall Rating
4.2
  • Trust
    4.0
  • Fees
    4.3
  • Platforms and Tools
    4.2
  • Tradable Instruments
    4.5
  • Customer Support
    4.3
  • Research
    4.4
  • Deposit and Withdrawal
    5.0
  • Account Types and Terms
    3.3
  • Education
    2.5
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on Spreadex

    Spreadex is a UK-based and FCA-regulated broker offering spread betting and CFD trading. Spreadex also offers sports betting and is regulated by the UK Gambling Commission. The company was launched in 1999 by Jonathan Hufford, formerly a trader in the City of London. Clients can access CFD trading via the Spreadex web platform or TradingView.

    Spreadex offers competitive spreads in popular assets, innovative trading platforms, and over 10,000 tradable instruments. UK clients can also benefit from the tax advantages of spread betting.

    I rate Spreadex as a strong choice for casual traders and day traders. Although the broker lacks some advanced features like automated trading, it can also accommodate professional traders.

    Spreadex Pros and Cons

    Pros Cons
    • Tight spreads in popular instruments
    • Excellent range of assets
    • Reliable support
    • TradingView Platform
    • Fast processing on deposits/withdrawals
    • Pattern recognition tools
    • Dedicated account manager
    • Free Financial Times subscription for funded account holders
    • Spread betting available
    • No demo account
    • No desktop platform
    • Lacks MetaTrader
    • Wide spreads in crypto

    Who is Spreadex For?

    When reviewing a broker, we assess its suitability for implementing various trading strategies. To achieve this, we evaluate the availability of features and tools necessary for executing specific strategies. Here is our verdict for Spreadex:

    Beginner: Acceptable Choice

    The flagship Spreadex web platform is beginner-friendly and intuitive. Customer support is reliable, another essential quality for new traders. However, Spreadex lacks a demo account, and its educational materials are limited.

    Spreadex does not currently offer copy trading.

    Swing Trading: Perfect Match

    Spreadex offers standard overnight swap fees and a broad range of markets, including CFDs on shares from US and European exchanges. Advanced risk management tools are available with stops, trailing stops, and guaranteed stops.

    Day Trading: Perfect Match

    Spreadex offers competitive spreads in popular instruments, one-click trading, and trading from the chart. The Top Risers/Fallers watchlists in the Spreadex platform help day traders identify high-volatility instruments that may present opportunities.

    Scalping: Acceptable Choice

    While Spreadex offers fast execution and one-click trading, it lacks some popular features among scalpers, like depth of market (DOM) and ultra-low costs via a Raw Spreads account.

    News Trading: Perfect Match

    Spreadex has economic data conveniently built into its charting software, showing the actual, estimated, and previous data for major releases. The Spreadex market update available via the platform breaks down key economic data and its impact on the market.

    Spreadex does not currently offer automated trading.

    Investing: Acceptable Choice

    Spreadex offers a strong range of CFDs on shares and other markets, providing a wide range of investment opportunities. CFDs on shares at Spreadex pay dividends. However, real shares and ETFs are not available, and there are no managed investment vehicles available.

    What Sets Spreadex Apart?

    Spreadex shines with its versatile proprietary platform, which offers unique analytical tools and market commentary from its team of in-house analysts.

    For this review, I performed my tests on the Financial Trading account using the Spreadex web platform and mobile app. The account was opened with Spreadex Ltd., the only entity of Spreadex. Some features and services may vary depending on where you reside.

    Spreadex Main Features

    ☑️ RegulationsFCA (United Kingdom)
    🗺 Supported Languages
    English
    💰 ProductsCurrencies, Stocks, ETFs, Crypto, Bonds, Indices, Commodities
    💵 Min Deposit$0
    💹 Max Leverage
    1:30 (FCA)
    🖥 Trading Desk TypeMarket Maker
    📊 Trading PlatformsTradingView, Spreadex Web Platform, Spreadex Mobile App
    💳 Deposit Options
    Maestro, Wire Transfer, Credit Card, Visa, Mastercard, ApplePay
    💳 Withdrawal Options
    Credit Card, Wire Transfer, Visa, Mastercard, ApplePay, Maestro
    🤴 Demo AccountNo
    🗓 Foundation Year1999
    🌎 Headquarters CountryUnited Kingdom
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Spreadex Full Review

    Trust

    4
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Spreadex boasts an impressive 25-year operating history and is authorized and regulated by the UK FCA. Client funds are held in segregated accounts. My research showed that Spreadex has a high level of transparency. The trust score was dragged lower due to Spreadex having only one entity.

    Entity Features Spreadex Ltd
    Country/Region United Kingdom
    Regulation FCA
    Tier 1
    Segregated Funds Yes
    Negative Balance Protection Yes
    Compensation Scheme Yes (FSCS Up to £85,000)
    Maximum Leverage  (Retail Account) 1:30
    Maximum Leverage (Professional Account) 1:200

    Spreadex Regulation

    In our reviews, we examine the regulatory status of each entity operated by a broker. This allows us to compare the different levels of client protection. We rank regulators using a three-tier system, where Tier-1 licensing reflects the highest level of regulation.

    Spreadex has only one entity:

    • Spreadex Ltd is authorized and regulated by the Financial Conduct Authority (FCA), reference number 190941. We rate FCA as a Tier-1 regulator.
    Spreadex listing on the UK FCA website
    Spreadex listing on the UK FCA website

    Why is It Important to Know Where Your Broker Subsidiary (Entity) is Regulated?

    Brokers operate multiple entities to serve clients globally, yet regulatory protections vary by jurisdiction. Some regulators enforce strict financial standards, while others are more lenient. Traders should understand the protection offered by the entity where they intend to open an account.

    • Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. Spreadex Ltd ensures this.
    • Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. Spreadex Ltd provides negative balance protection.
    • Compensation scheme. A compensation scheme protects retail traders against the broker’s liabilities in the unlikely event that the company becomes insolvent. Clients of Spreadex Ltd benefit from account insurance of up to £85,000 via the Financial Services Compensation Scheme (FSCS).
    • Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. Spreadex Ltd offers a maximum leverage of 1:30 for retail clients and up to 1:200 for professional clients.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on the broke’s longevity, the size of the company, and the transparency of readily available information.

    Spreadex spans a 25-year operating history. It is headquartered in St. Albans, UK, and has 51-200 staff members, according to the broker’s LinkedIn page.

    On the Get Started page, Spreadex covers its regulatory status and fees. The website also provides a detailed page covering Terms and Conditions. I rate Spreadex as having a high level of transparency

    Is Spreadex Safe to Trade With?

    To summarize, I rate Spreadex as trustworthy and stable due to the following:

    • 25-year operating history
    • Regulated by top-tier FCA
    • Client funds are segregated
    • Clients benefit from negative balance protection
    • FSCS account insurance for up to £85,000
    • Transparent in key areas like regulation and fees

    Fees

    4.3
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    Spreads vary at Spreadex. Popular instruments like EUR/USD, gold and the DAX 40 are better than average, while others are closer to the industry standard. Swap fees are average, and Spreadex does not charge account maintenance or inactivity fees.

    Spreadex Trading Fees

    Spreadex Spreads

    I tested the spreads at Spreadex during the London open and just after the New York open on 12 September 2024. At these times, the market is typically highly liquid with the tightest spreads. I rate fees at Spreadex as better than average for the industry.

    Instrument Live spread AM Live spread PM Industry Average
    EURUSD 0.9 Pip 1 Pip 1.08 Pips
    GBPJPY 2.5 Pips 3.2 Pips 2.44 Pips
    Spot Gold 30 Cents 30 Cents 42 Cents
    WTI Oil 2.8 Cents 2.8 Cents 3 Cents
    Apple* N/A 11 Cents (Spreadex spread component 7 cents) 33 Cents*
    Tesla* N/A 18 Cents (Spreadex spread component 7 cents) 50 Cents*
    DAX 40 1.4 Pips 1.4 Pips 2.4 Pips
    Dow Jones 30 4 Pips 2.4 Pips 3.3 Pips
    Bitcoin $100 $100 $35.5

    *CFDs on shares include commissions from 0.1% for UK shares and from 2 cents per share with a cap of $3.5 for US shares.

    I found that spreads in EUR/USD, gold, and the Dax 40 were competitive, while some indices were closer to average, and Bitcoin had a wide spread.

    Spreadex Swap Fees

    In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract.

    A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). I recorded the data on 12 September 2024.

    The values listed below are for one full contract (100,000 units) of the base currency.

    Instrument Swap Long Swap Short
    EUR/USD Charge of $7.56 Credit of $2.66
    GBP/JPY Credit of $20.03 Charge of $28.16

    I estimate swap fees at Spreadex are average for the industry.

    Spreadex Non-Trading Fees

    Spreadex does not charge any account maintenance or inactivity fees.

    Are Spreadex Fees Competitive?

    Overall, I rate the fees at Spreadex as somewhat competitive for the following reasons:

    • Tight spreads in popular instruments
    • Average overnight swap fees
    • No deposit/withdrawal fees
    • No inactivity fee

    Platform and Tools

    4.2
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    Spreadex offers its flagship web platform along with the cutting-edge TradingView platform. Both platforms are intuitive, beginner-friendly, and provide a range of great features. I especially like the Candlestick Pattern Recognition and VWAP tools within the Spreadex platform. However, the platforms lack some advanced features like automated trading.

    Platform/Tool Suitable For
    Spreadex Web Platform Casual trading, day trading, swing trading
    Spreadex Mobile App Trading on the go, casual trading, swing trading
    TradingView Social trading, day trading, swing trading

    Spreadex Desktop Web Platform

    Spreadex web platform
    Spreadex web platform

    The proprietary Spreadex web platform is user-friendly and intuitive, with a solid range of features and some innovative tools. Although the design felt a bit outdated, the platform is customizable, so you can easily resize panels to suit your preference.

    The platform is well-suited to beginners and intermediate traders. However, some experienced traders might find the lack of advanced features, such as automated trading, limiting. Additionally, the platform is currently available only in English.

    Key Features

    Some of Spreadex platform’s standout features include:

    • Watchlists: Traders can create a list of their favorite instruments and follow live quotes in a market watch panel.
    • Alerts: This feature updates traders when an instrument reaches a specific price level.
    • One-click Trading: This feature allows traders to execute orders with a single click and no secondary confirmation, enabling them to operate faster. This is especially useful for day traders.
    • Trading from the Chart: The platform allows users the convenience of trading directly from the chart.

    Spreadex Charts

    Spreadex web platform charts
    Spreadex web platform charts

    Spreadex provides robust charting with a solid range of technical indicators, drawing tools, chart types, and time frames.

    • 58 Technical Indicators: These include Bollinger Bands, VWAP, and the Darvas Box.
    • 11 Drawing Tools: Traders can access tools like trend lines, Gann, and Fibonacci tools.
    • 17 Time Frames: Time frames range from tick by tick to monthly charts.
    • 10 Chart Types: A variety of popular chart types like Bar Charts, Japanese Candlestick Charts, Kagi, and Point and Figure are available.
    Spreadex charts Japanese Candlestick pattern recognition tool
    Spreadex charts Japanese Candlestick pattern recognition tool

    Orders

    The Spreadex web platform offers a strong range of order types including market orders, limit orders, stop-loss orders, trailing stop-loss orders, and guaranteed stop-loss orders. Time-in-force conditions like GTC (Good-Til-Canceled) can be applied to pending orders.

    My Key Takeaways After Testing the Spreadex Web Platform

    My first impression of the Spreadex platform was that the design could be better, but I appreciated its ease of use and relatively wide range of features. I was impressed by the built-in Pro Trading Tools like candlestick pattern recognition. The platform can cater to traders with a wide range of strategies and approaches but has some limitations, like the lack of algo trading tools.

    Spreadex Mobile App

    Spreadex trading mobile app
    Spreadex trading mobile app

    The Spreadex mobile app is available for Android and iOS and offers the same main features as the web-based platform. Clients can access the full range of order types, robust charting, trading from the chart, watchlists, and market news.

    Charts

    The mobile app’s charts feature 40 technical indicators, 15 drawing tools, 17 time frames, and 4 chart types.

    Orders

    Traders can access the standard order types, including market, limit, and stop loss orders.

    My Key Takeaways After Testing Spreadex App

    I found the Spreadex mobile app to be both beginner-friendly and feature-rich. Clients can easily manage their open positions, execute trades, perform market analysis, and stay on top of news while on the go.

    TradingView Platform

    TradingView Platform
    TradingView Platform

    Spreadex also offers access to the cutting-edge TradingView platform, which provides one-click trading, trading from the chart, watchlists, market news, and trading ideas. In my experience, the platform makes it easy to place trades and manage open positions and pending orders.

    The market-leading TradingView charts feature 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available.

    The range of available order types is above average. Market orders, limit orders, stop-loss orders, and trailing stop-loss orders are available. Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).

    TradingView Ideas Stream
    TradingView Ideas Stream

    The TradingView platform has the rare combination of being powerful in its functionality and intuitive with a well-designed interface.

    The large, active community on TradingView is incredibly helpful for users seeking inspiration, especially through features like the ideas stream.

    TradingView Mobile App

    TradingView Mobile App
    TradingView Mobile App

    The TradingView app is one of the most intuitive and powerful I have yet to come across; the user experience is superb.

    Spreadex Order Execution Model

    Spreadex is the counterparty to all client trades and manages its risk by hedging all or part of the trades in the underlying market. Spreadex execution venues include Morgan Stanley, Cantor Fitzgerald, IG Index, ADM, Killik & Co, and Patronus Partners.

    Tradable Instruments

    4.5
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    Spreadex offers a broad selection of CFD instruments across major asset classes, including forex, metals, energies, indices, shares, ETFs, bonds, and cryptocurrencies. The share CFDs cover the US, UK, and several European exchanges. Additionally, spot, futures, and options markets are available.

    Instrument Number Type Industry Average
    Forex Pairs 82 Major, Minor, Australasian, Scandinavian, Exotic 30–75
    Commodities 24 Energies, Metals, Softs 5–10
    Indices 36 US, UK, European, Asian 5–10
    Stocks and ETFs 1000+ US, UK, European 200–300
    Bonds 13 US, UK, European, Asian 3
    Cryptocurrencies 9 Major 10–20

    Spreadex comfortably beats the industry average in every category, with the exception of crypto. The range of CFDs on currency pairs is especially strong.

    What are CFDs?

    A Contract for Difference (CFD) is an agreement specifying that the buyer must pay the seller the difference between an asset’s current value and its value at the time the contract was initiated. Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset.

    What Can You Trade with Spreadex?

    Forex Major Forex Minor
    EUR/USD | USD/JPY | USD/CHF GBP/JPY | EUR/CAD | CAD/JPY
    Indices Shares
    Russell 200 | FTSE 100 | China A50 Gamestop | Barclays | Nestle
    Bonds ETFs
    German Bobl | Japanese Govt. Bond | US Ten Year Note ARK Fintech | iShares Hong Kong | SPDR Gold Trust
    Commodities Cryptocurrencies
    Natural Gas | Platinum | Coffee Ether | Dogecoin | Solana

    My Key Takeaways After Exploring Spreadex Tradable Instruments

    Spreadex excels in the area of tradable instruments, offering a wider-than-average selection of nearly all popular asset classes compared to industry standards. I was especially impressed by the range of CFDs on European shares, with 13 different countries represented. The number of available currency pairs is also outstanding. Spreadex goes beyond the typical CFD broker with its spot, futures and options contracts and assets like ETFs and bonds.

    Customer Support

    4.3
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Spreadex provides customer support via email, live chat, and phone seven days a week. Support is limited to the English language. I received outstanding service across all mediums while conducting the test for my review.

    Spreadex live chat support
    Spreadex live chat support

    Spreadex Customer Support Test

    Support is a key component of a broker’s offering – whether you are a new trader looking for guidance on how to use the platform or an experienced trader who needs help fast to exit their positions in the event of a technical glitch.

    During my two-week testing period, I made dozens of inquiries ranging from basic account-related themes to more nuanced technical questions related to the Spreadex platform.

    The agents responded promptly (often within minutes) and provided detailed and satisfactory answers. I rate the customer support at Spreadex as above average.

    Customer Support Hours:

    • 07:30–22:00, Monday–Saturday 
    • 08:30–22:00, Sunday

    Deposit and Withdrawal

    5
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    Spreadex offers bank wire, credit/debit card, and Apple Pay for funding and withdrawal. There are no fees for both, unless you opt for an express withdrawal via BACs transfer. Processing times are fast and better than average for the industry.

    Spreadex Deposit Methods

    Method Fees Processing Time
    Bank Wire 0% Immediate
    Credit/Debit Card 0% Immediate
    Apple Pay 0% Immediate

    Deposit via BACS bank transfer takes longer as it requires a member of the back office team to credit.

    Spreadex Withdrawal Methods

    Method Fees Processing Time
    Bank Wire 0% Immediate
    Credit/Debit Card 0% Within 2 Hours
    Apple Pay 0% Immediate

    You can also withdraw via BACS transfer and request a same-day payment (£25 charge) or just a normal transfer which takes 3 days.

    Account Types and Terms

    3.3
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Spreadex offers separate accounts for Sports Betting and Financial Trading. Within the Financial Trading account, clients can toggle between spread betting and CFD trading. Greater leverage and access to crypto markets are available for clients who qualify as professionals.

    Spreadex Account Opening Process

    Spreadex application
    Spreadex application

    Spreadex Registration

    To open an account with Spreadex, prospective clients must complete a simple application providing their name, email, date of birth, phone, address, trading experience, employment, and income details.

    Account Types and Their Benefits

    If the necessary conditions are met, the Financial Trading account can be designated as a Professional Account. In the table below, you can see the features and differences of retail and professional accounts:

    Account Feature Standard (Retail) Account Professional Account
    Spreads From 0.6 Pips 0.6 Pips
    Minimum Deposit $0 $0
    Base Currencies GDP, EUR, USD, AUD GDP, EUR, USD, AUD
    Maximum Leverage 1:30 1:200
    Crypto Trading No Yes
    Negative Balance Protection Yes No
    Rebates No Yes

    Professional Account

    Professional account holders at Spreadex enjoy benefits like increased leverage of up to 1:200, access to crypto trading, a wider array of small-cap stocks, and bespoke rebate schemes.

    In order to be eligible for a professional account, clients must satisfy at least two of the following three criteria set by FCA:

    • Averaged 10 relevant trades of significant size in each of the last four quarters.
    • Financial instrument portfolio exceeding €500,000.
    • Worked in the financial sector, in a position requiring knowledge of derivatives trading, for at least a year.

    Demo Account

    Spreadex does not offer a demo account.

    Islamic Account

    Spreadex does not offer a swap-free Islamic account.

    What is CFD Leverage?

    One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

    At Spreadex, the maximum leverage for a standard account is 1:30. This means that with an account of $1,000, you can control up to $30,000 worth of positions in the market. This is a high level of leverage and is risky to use.

    Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders should keep in mind that it can amplify both their profits and their losses.

    Asset Class Maximum Available Leverage 
    Forex  1:30
    Metals 1:20
    Indices 1:20
    Energies 1:10
    Shares 1:5

    Spreadex Restricted Countries

    Spreadex does not accept residents of the following countries:

    Afghanistan, Albania, American, Samoa, Argentina, Australia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Botswana, Bouvet Island, Brazil, Burkina Faso, Burundi, Cambodia, Cayman Islands, China, Côte d`Ivoire, Cuba, Democratic Republic of Congo, Egypt, El Salvador, Eritrea, Ethiopia, Fiji, Ghana, Guadeloupe, Guam, Guatemala, Haiti, Honduras, Iran, Iraq, Jamaica, Japan, Jordan, Lebanon, Libya, Mali, Malta, Marshall Islands, Martinique, Mauritius, Morocco, Mozambique, Myanmar, Nicaragua, Nigeria, North Korea, Pakistan, Palestine, Panama, Philippines, Puerto Rico, Russia, Samoa, Saudi Arabia, Senegal, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tanzania, Trinidad and Tobago, Tunisia, Uganda, Ukraine, Vatican City, Virgin Islands, United States, Yemen, Zimbabwe.

    Research

    4.4
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Spreadex offers valuable research and analysis from its in-house team, accessible directly on the website. Clients receive daily and weekly updates to stay informed about major market-moving events, and the website also includes a comprehensive economic calendar.

    Spreadex news and analysis
    Spreadex news and analysis

    The Daily Market updates break down fundamental themes like central bank policy and its impact on the forex market. Earnings reports and news related to the equities market provide traders with potential stock opportunities. Commodities like gold and oil are also in the spotlight, with insights into analyst forecasts and the geopolitical factors influencing supply and demand.

    Spreadex Economic Calendar
    Spreadex Economic Calendar

    The economic calendar allows traders to stay up to date on the major economic releases including the actual/previous figures and analyst expectations.

    Spreadex Weekly Trading Update
    Spreadex Weekly Trading Update

    The Weekly Trading Update is a useful report that recaps the major news of the prior week, highlights the assets that experienced the most volatility, and explains the key events for the upcoming week.

    My Takeaways from Exploring Spreadex Research Content

    The Spreadex in-house team does a great job of covering major news and highlighting the instruments in play. I rate Spreadex research as better than average for the industry. The offering could be improved by adding more news stories from leading outlets like Reuters and Dow Jones.

    Education

    2.5
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    Spreadex offers a solid range of educational articles for beginners via its Education Hub on the website. Most of the content is text-based, but there are some educational videos on the Spreadex YouTube channel. The content is well-produced but mostly caters to inexperienced traders and lacks diversity.

    Spreadex education
    Spreadex education

    The Education Hub is made up of 4 main sections:

    • Introduction to Financial Markets: This area covers the basics of how financial markets work and provides explanations of shares, commodities, indices, and forex.
    • Spread Betting and CFD Trading: This section explains what spread betting and CFD trading are and highlights their differences.
    • Trading With Spreadex: These articles cover topics like depositing funds, placing trades, and using charts.
    • Trading Strategies: Here, clients can learn the basics of trading strategies like support and resistance, chart patterns, and risk management.
    Spreadex technical analysis guide
    Spreadex technical analysis guide

    I liked that the articles are supported by graphics and illustrations covering key themes for beginners. There is a short quiz at the end of each article to aid the learning process.

    Spreadex platform tutorials
    Spreadex platform tutorials

    The Spreadex YouTube channel features some useful platform tutorials explaining aspects of TradingView, for example, how to use alerts and indicators.

    The available educational articles provide a good foundation for beginners, but Spreadex could improve by adding content for more experienced traders. Incorporating courses and live webinars would also help to broaden the education section.

    The Bottom Line

    Spreadex is a unique and versatile broker that combines sports betting, spread betting, and CFD trading in one package. Based in the UK, the company is regulated by the FCA and boasts an impressive 25-year track record.

    The broker generally keeps fees to a minimum. While I found the spreads to be mixed during my tests, I appreciated that popular instruments like EUR/USD and gold offer tighter-than-average spreads.

    The flagship Spreadex web platform is robust and feature-rich, and clients can also opt for the state-of-the-art TradingView platform. However, Spreadex could improve by offering automated trading tools, more third-party integrations, and additional educational resources geared toward experienced traders.

    The website was a bit hard to navigate and could benefit from a design refresh. However, thanks to the helpful customer support, I had a positive overall experience.

    I would rate Spreadex as a solid choice for beginners and intermediate traders, whether for casual trading or active day trading. With an excellent range of instruments and benefits for professional traders, Spreadex can also serve the needs of experienced, full-time traders.

    FAQ

    Spreadex headquarters are situated at Churchill House, 26-30 Upper Marlborough Rd, St Albans AL1 3UU, United Kingdom.
    Spreadex can be considered safe as it is an FCA-regulated broker that offers negative balance protection and a compensation scheme in the event of insolvency. Client funds are segregated from the operating funds of the company.
    Spreadex has an intuitive platform and good customer service but lacks a demo account.
    You can fund your account via credit/debit card and bank wire.
    There is no minimum deposit.
    The maximum leverage is 1:30 for retail accounts and 1:200 for professional accounts.
    Clients can trade via the Spreadex web platform and mobile app, as well as the TradingView platform.
    No, currently there is no demo account available.
    Spreadex offers one-click trading and tight spreads in some instruments, making it suitable for scalping.
    No, Spreadex does not currently offer automated trading.
    Yes, hedging is allowed at Spreadex.
    Yes, Spreadex offers spread betting.
    No, Spreadex does not offer VPS hosting.
    Spreadex is the counterparty to client trades and acts as a market maker.
    No, it does not.
    No, it does not.
    CFDs on shares include commissions from 0.1% for UK shares and from 2 cents per share with a cap of $3.5 for US shares.
    No, it does not.

    See Spreadex Full Information

    Headquarters Country
    United Kingdom
    Foundation Year
    1999
    Regulations
    FCA (United Kingdom)
    Publicly Traded
    No
    Number Of Employees
    100
    Trading Desk Type
    Market Maker
    Trading Platforms
    TradingView, Spreadex Web Platform, Spreadex Mobile App
    Restricted Countries
    United States
    Supported Languages
    English
    Min Deposit
    $0
    Max Leverage
    1:30 (FCA)
    Deposit Options
    Maestro, Wire Transfer, Credit Card, Visa, Mastercard, ApplePay
    Withdrawal Options
    Credit Card, Wire Transfer, Visa, Mastercard, ApplePay, Maestro
    Time to Withdrawal
    1
    Time to Open an Account
    9
    Crypto
    Ethereum, Dogecoin, Bitcoin, Litecoin, Ripple, Cardano, Stellar, Chainlink, Solana
    Products
    Currencies, Stocks, ETFs, Crypto, Bonds, Indices, Commodities
    Demo Account
    No
    OCO Orders
    No
    Offers Hedging
    Yes
    Automated Trading
    No
    API Trading
    No
    Guaranteed Stop Loss
    Yes
    Guaranteed Limit Orders
    No
    Guaranteed Fills / Liquidity
    Yes
    Economic calendar
    Yes
    Trading From Chart
    Yes
    One-Click Trading
    Yes
    Expert Advisor
    No
    Social Trading
    Yes
    Autochartist
    No
    Trading Signals
    Yes
    Platform Languages
    English
    24 Hours Support
    Yes
    Support During Weekends
    No
    Live Chat
    Yes
    Daily Market Commentary
    Yes
    News (Top-Tier Sources)
    Yes
    Webinars
    No
    Deposit Fee
    No
    Withdrawal Fee
    No
    Inactivity Fee
    No

    About the Author

    Dan BlystoneBroker Analyst

    Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

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    Why you can trust FX Empire

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    64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.