Spreadex is a Spread Betting and CFD broker regulated by the UK Financial Conduct Authority (FCA). They offer a wide range of tradable asset classes across Indices, Shares, Forex, Commodities, Bonds, Interest Rates, ETFs, Options and Cryptocurrencies on their own unique proprietary trading platform for Web, Android and iOS.
|#||Broker's Features||SPREADEX Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||24 hour support||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Spreadex.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Spreadex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Options.
Tradable Products: Spreadex offers trading on more than 1,000+ markets across Forex, Indices, Commodities, Bonds, ETFs, Cryptocurrencies and Shares from 15 countries, as well as Options, via Spread Betting and CFD products.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Spreadex is Dealing Desk, Market Maker.
Features: Additional trading features beyond Spreadex’s advanced trading platform are limited. As the platform is custom-built there are no third-party integrations. However, traders will enjoy the commission-free trading on a very large selection of tradable assets on Spread Bets and non-Equity CFDs and the option of a guaranteed stop loss on some markets.
Spreadex allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As a market maker, Spreadex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades. Spreadex also offers a number of useful risk management features, such as Guaranteed Stop Loss Orders, price alerts and much more.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Spreadex recommended minimum capital is $0.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Spreadex is regulated by FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Spreadex is regulated by the UK Financial Conduct Authority (FCA).
Account currencies: Next lets consider the Account currencies each broker offers. Spreadex offers USD, EUR, GBP different account currencies for each account types.
Account Openning: Spreadex offers a very simple account opening process where users can access both Spread Betting and CFD trading accounts from just one account. While the broker does not offer a demo trading account or swap-free trading account, there is no minimum deposit to open an account.
Spreadex offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.
Payment methods: Next lets have a look at each broker's payment options. Spreadex offers Credit/Debit Cards, Bank Transfer, Skrill, Payoneer different payment methods for each account types.
Deposit and withdrawal: Spreadex offers clients the ability to make deposits and withdrawals via bank wire transfer, debit or credit card or via cheque. This can be done online or via phone. The broker does not accept deposits from E-Wallets.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Spreadex makes WebTrader available to clients.
Web & Desktop Trading Platforms: Spreadex offers its clients an advanced, proprietary browser-based trading platform that is feature-rich and allows the trading of Spread Betting and CFDs from one account. Users can also access advanced charting tools with pattern recognition scanners and advanced order functionality.
Mobile Trading Platforms: Spreadex offers its own advanced, proprietary trading platform for mobile via an iPhone App, an iPad App and an Android App.
Spreadex offers some trader education content through a Video Training Centre covering the features of their trading platform, as well as some Technical Analysis and Chart Analysis articles but these are very brief.
Spreadex does not currently offer any bonus or promotional offers.
Spreadex offers 24 hours a day, 7 days a week customer support and financial trading support via Live Chat, Phone and Email.
Spreadex is regulated by the UK Financial Conduct Authority and offers Spread Betting and CFD trading on more than 1,000+ markets covering Forex, Stocks, Indices, Commodities, Bonds, ETFs, Cryptocurrencies and Options. The broker also offers their own advanced, proprietary, browser-based trading platform for Web, Android and iOS.
Clients can enjoy commission-free trading on Spread Bets and non-Equity CFDs with clear and transparent spreads and overnight funding rates listed on the broker’s website. Both beginner and advanced traders may enjoy the use of guaranteed stop-loss orders on some markets, although these are charged at a premium.
Spreadex offers a simple trading offering of Spread Betting or CFD trading on more than 1,000+ asset classes covering Forex, Stocks, Indices, Bonds, ETFs, Cryptocurrencies, Commodities and Options. The broker offers trading on their own advanced, proprietary browser-based trading platform which can be accessed via Web, iOS and Android operating systems.