Spreadex Review 2019 | Is Spreadex a Scam or Legit Forex Broker?

Read our Spreadex review to find out if Spreadex is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.2/ 5

Rating breakdown

Protection & Regulations
80% Complete (danger)
4.0/5
Trading platforms
20% Complete (danger)
1.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
Spreadex
Spreadex Overview

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
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 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, Crypto, 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.

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).

Payment methods: Next lets have a look at each broker's payment options. Spreadex offers Credit Card, Skrill, Wire Transfer 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 Proprietary 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.

Other

Trader Education
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.

Promotions
Spreadex does not currently offer any bonus or promotional offers.

Support
Spreadex offers 24 hours a day, 7 days a week customer support and financial trading support via Live Chat, Phone and Email.

Recup
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.

Final Thoughts
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.

Trading Experience
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.

People Also Asked

Is Spreadex regulated?
Yes, Spreadex is regulated by top-tier regulators, FCA inclusive.
Where is Spreadex based?
Spreadex is based in United Kingdom
How does Spreadex make money?
Spreadex charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in Spreadex account?
With Spreadex you can deposit money via the following means; Credit Card, Skrill, Wire Transfer.
How do I withdrawal in Spreadex account?
Spreadex lets you request a withdrawal of funds from your account via the following means; Credit Card, Skrill, Wire Transfer.
What is the minimum deposit for Spreadex?
Spreadex has $0 minimum deposit.
What are the available account base currencies with Spreadex?
Spreadex trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Spreadex?
Spreadex has a maximum leverage is 1:200 for professional traders.
How do I open an account with Spreadex?
Opening an account with Spreadex is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Spreadex use MetaTrader?
Spreadex platforms: No, Spreadex do not use MetaTrader but it uses the following platforms: Proprietary
What type of broker is Spreadex?
Spreadex appears to be a Dealing Desk, Market Maker broker which offers market access to a variety of traders.
Does Spreadex accept US clients?
No
Does Spreadex offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Spreadex: You can trade a wide variety of instruments with Spreadex: Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Options