Spreadex Review 2026

Trust

Spreadex Licensing

How Does Spreadex Protect You?

To ensure that Spreadex complies with FCA regulations and provides all the necessary client protections, I reviewed its client agreement, which is available in the legal docs section of the website.

Here is what I found out about the broker:

To learn more about the most important safety mechanisms and how they apply to you, check our dedicated guide on client protections.

Stability and Transparency

As part of my background research, I reviewed the broker’s legal documents, such as its risk notice and client agreement, as well as its social media channels, like LinkedIn. I confirmed that Spreadex was founded in 1999, is headquartered in St Albans, Hertfordshire, England, and has a company size of 150-200, which is typical for a broker in its tier.

I appreciated that Spreadex displays a clear risk warning at both the top and bottom of its homepage, stating that 64% of retail investor accounts lose money when trading with this provider. It’s a sign that Spreadex is upfront with its clients and casual visitors to the website about the risks of trading leveraged products.

Is Spreadex Legit?

Based on my thorough research, I found Spreadex safe to trade with because:

• It is licensed and regulated by the FCA.
• It keeps client funds in segregated accounts.
• It guarantees negative balance protection.
• It maintains a very high degree of transparency.

Fees

Spreadex Trading Fees

Spreadex Spreads

I tested Spreadex’s spreads on a CFD Trading account on 21 September during the London and New York market openings. I used a live account on the Spreadex Web Platform. Here are my results:

The 0.6-pip EURUSD spread was the highlight of my testing, consistently remaining below the 1.18-pip average across both the London and New York sessions. Then there was the 2.5-pip GBPJPY spread, which also beat the industry average, though it landed much closer to it.

Commodities were a bit of a mixed bag. While WTI spreads remained consistently low throughout the day, gold fluctuated widely. The spread widened to 50 cents during the London session, but eased down to 30 cents following the New York opening. I also observed similar fluctuations in the indices market, where DOW 30 and DAX 40 spreads would open high and ease over the course of the day.

The $45 Bitcoin spread edged slightly below the $46.07 benchmark, while Apple and Tesla stocks remained pretty low. The 13-cent Apple spread was over 4 times lower than the industry average of 55.57 cents.

Spreadex Commissions

Spreadex charges a 0.1% commission on stocks and ETFs alone, from a minimum of 2 points per stock to a maximum of 5 points. Instruments from other asset classes are exempt.

Spreadex Swaps

I took the swaps from Spreadex’s website on 21 September 2026, using the Spreadex Web Platform.

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

The percentages quoted in the table represent Spreadex’s premiums paid on top of the daily rollover costs charged at the interbank level. By and large, Spreadex’s swaps are low-to-average compared to most UK-based brokers.

Please note that swaps fluctuate over time and are subject to changing interest rates.

Are Spreadex’s Fees Competitive?

To help you understand how much you’ll pay to trade each instrument, I calculated the cost of trade using the formula: spread rate x pip value + commission rate (swaps are not included).

From my hands-on testing, I concluded that Spreadex’s costs beat the industry benchmarks across almost all assets I tested, except for gold, which came in pricier. Bitcoin is broadly aligned with the industry average.

Spreadex Non-Trading Fees

Inactivity Fee: $0

Deposit and Withdrawal Fees: $0. However, third-party processing fees may apply.

Platforms and tools

Spreadex Web Platform

I tested the Spreadex Web Platform for this review. No installation is required as the platform runs on all major browsers. It is available in multiple languages, including English, French, German, Spanish, Arabic, and others.

What I really liked about the Spreadex platform was that a chart does not automatically appear when you log in. Instead, the available watchlists and trading signals stand out, making it easier to flag viable trading opportunities. And when you pop open a chart for an instrument you like, it opens in a separate tab that can be expanded to full screen.

This makes the Spreadex platform extremely easy to navigate the vast selection of markets while keeping a sharp focus on the instruments you plan to trade.

Availability & Features

The integration of the ‘Upcoming Earnings’ watchlist was a nice touch. It helps stock traders prepare for earnings reports from major US and UK companies in advance.

However, the Spreadex Web Platform does not support Depth of Market (DoM) trading, which is a disadvantage for scalpers and high-volume traders.

Chart Parameters

The Spreadex platform features the following analytical tools:

The standout feature of the Spreadex Web Platform is the Trading Tools Package. It includes generated trend lines and other price overlays, such as candle pattern recognition and VWAP analysis, for instant price action feedback. This software helps recognize various trading setups more quickly.

I also appreciated that price charts are detachable and can be expanded to full screen. This enables you to examine price action behavior in greater detail and with sharper focus.

Order Types

To place an order, choose an instrument from the search menu and hit the buy or sell options. A ticket will then open, from which you can decide the type of order you wish to place, its size, and its stop-loss and take-profit levels. You can also configure your trade to use a guaranteed stop-loss (GSLO), which adds an extra cost to the spread (from 1.0 pip to 3.0 pips, depending on the instrument). GSLOs are ideal for high-volume traders and scalpers as they allow them to manage their exposure precisely, even in highly volatile market environments.

The Spreadex Web Platform supports the following order types:

Spreadex Trading App

I tested the Spreadex App on my personal Google Pixel phone running Android. I downloaded the app from the Google Play Store and had it installed in seconds.

The app stood out to me with its high practicality. Its design is clean-cut, and trade execution is extremely easy, so even first-time traders can quickly find their way around. You can place market, limit, and stop orders, and configure your own watchlists. Price alerts and one-click trading are also available.

Typically, charts are cluttered on small-screen devices like smartphones, but this is not the case for the Spreadex app. I was impressed by its high-definition charting, and there is a great range of tools: 41 technical indicators, 11 drawing tools, and 17 timeframes.

Arguably, the greatest perk of the Spreadex app is the integrated actionable trading signals from Autochartist, which help you stay on top of the latest trading setups. The other standout feature is the in-app news section, where you will find a Reuters news feed with powerful AI summaries of the most important takeaways. The tool is great if you want to keep your ears peeled for the latest market-moving headlines.

Spreadex Execution Parameters

Execution Model

I learned that Spreadex operates as a principal (market maker) to client orders. It creates liquidity by selling against buy orders and buying against sell orders.

I could not run a speed test on Spreadex because the broker’s platform lacks a speed gauge.

Tradable instruments

Spreadex also impresses with its diverse selection of low-risk securities like ETFs, ETCs, and bonds. Such basket instruments and government treasuries allow you to hedge your overall market exposure and shield your portfolio against adverse market volatility.

What CFDs Can You Trade With Spreadex?

Below, I collected some samples from Spreadex’s range of trading assets:

Customer support

Customer Support Channels

Customer Support Test

I sent Spreadex an email on 24 September at 11:00 am CET requesting information about Spreadex’s ETC and Tracker contracts, as well as its options offering. I received a response two and a half hours later, which is a normal waiting time for email correspondence, and the reply was comprehensive and clear.

I also dropped a message to the Spreadex live support the next day, on 25 September, around 15:00 CET. An agent connected to the chat within 5 seconds, which is faster than usual. I inquired about Spreadex’s account base currencies and whether the broker offered copy/algo trading. The agent said they needed to double-check and would get back to me via email.

I was surprised because those were pretty straightforward questions that other brokers’ support teams usually answer right away. Still, I appreciated that they did their research and indeed got back to me half an hour later, when, as promised, I received the answers via email.

Deposit and withdrawal

How Do You Deposit Money with Spreadex

Note that if your deposit currency differs from your account base currency, you may have to pay a conversion fee.

How Do You Withdraw Money with Spreadex

Account types and terms

How to Open an Account With Spreadex

1. Click ‘Create an Account’ at the top-right corner.
2. Enter your name and email address.
3. Choose a username and account password.
4. Select your nationality and country of residence.
5. Choose whether you want to trade spreads, CFDs, or both.
6. Confirm that you accept Spreadex’s terms and conditions.
7. Enter your DoB, phone number, and personal address.
8. Elaborate on your trading experience and financial background.
9. Upload proof of ID and proof of address to verify your account.
10. You can then also open a demo account from the client area.

Spreadex Account Types

I confirmed that Spreadex’s CFD Trading account features floating spreads from 0.6 pips and no commissions. The 0.1% commission applies only to share CFDs, with a minimum step of 2 points per share. I also learned that the CFD Trading account has no barrier to entry, meaning it is up to you how much to start with.

The CFD Trading account features all available instruments except for cryptocurrencies, which are accessible only to professional account holders.

Professional Account

The Professional account by Spreadex is aimed at high-volume traders, as well as traders interested in cryptocurrencies. It features a maximum leverage of 1:200. But keep in mind that professional account holders are exempt from Spreadex’s negative balance protection.

To qualify for a professional account, you must meet 2 of the following 3 criteria:

1. Have placed 10 relevant trades of significant size per quarter in the last year;
2. Have an investment portfolio in excess of €500,000;
3. Have worked in the financial sector for at least 1 year.

What Leverage Does Spreadex Offer?

The maximum retail leverage at Spreadex is 1:30, which is in line with FCA regulations. It means that if you open a trade with a $100 margin and use the full 1:30 leverage, your position would be worth $3000.

A word of caution: Trading on margin with high leverage is extremely risky and may result in significant losses.

Spreadex Accepted Countries

Spreadex only accepts traders from the UK.

Research

Economic Diary (Calendar)

Spreadex’s economic diary, along with the rest of its research content, can be found in the ‘News & Analysis’ section of the website. The diary serves as an economic calendar, informing traders of upcoming market events and economic releases that can stir price action.

Spreadex’s economic calendar is very practical because it filters upcoming events and allows users to view previous numbers, the expected value for the upcoming release, and the actual numbers at a glance. Another perk for active day traders is that these economic figures can be overlaid directly on the platform’s charts, enabling them to react in real time to price fluctuations caused by major releases.

Financial Trading Blog

The Trading Blog covers the latest market trends and developments, including weekly performance in crude and energy markets, inflation, rate-hike risks, and much more. Each topic is discussed briefly, usually in several sentences or more, and some articles even have supporting charts. So, catching up on the most important market news will take you just a few minutes.

Weekly Trading Update

The Weekly Trading Updates are dedicated to fundamental analysis, providing a sharper, more detailed overview of the week’s most important events. This content serves traders who wish to understand what drives the market and why. For example, you can learn what the latest U.S. inflation numbers mean for the strength of the greenback or what a potential Bank of England (BOE) rate hike would mean for the UK bond market.

Spreadex Market Update

The Market Updates cover the latest developments across FX, equity, and commodity markets, highlighting the biggest movers for the day.

Weekly Technical Analysis

Spreadex’s sophisticated technical analyses are a great resource for those who want to plan their trading week ahead and learn which assets are ascending, descending, or range-trading. This content breaks down emerging trading opportunities and is aimed at day traders, including trend followers and contrarians.

Autochartist

Spreadex also integrates actionable trading signals from Autochartist directly on the Spreadex Web Platform. I consider Autochartist one of the biggest and most trusted providers of technical analysis in the industry. Each signal flags an active or approaching setup on a given instrument and points to viable entry, stop-loss, and take-profit levels.

I also found the duration bar and the ‘pattern completion confidence’ gauge particularly useful. One assists cautious traders in deciding whether to jump on the opportunity or to sit it out, while the other helps them assess whether there is still time to enter the market.

Education

Education Hub

Spreadex’s educational hub packs 37 articles across 5 distinct categories: ‘Introduction to Financial Markets’, ‘Spread Betting and CFD Trading’, ‘Trading With Spreadex’, ‘Trading Strategies’, and ‘Chart Analysis’.

The articles are well-structured and easy to digest, providing a roadmap to essential topics in margin trading, including placing stop-limit orders, reading price action, and more. I went through several articles, including one dedicated to stock trading, and found them very useful as guides for newbies who are stepping into the world of trading for the first time.

However, Spreadex’s articles lack depth. Besides a cursory introduction to essential trading concepts and terms, there is no deeper dive into the subject matter. That’s why I consider the articles less suitable for intermediate traders, who might have to look elsewhere if they wish to sharpen their skills and broaden their understanding.

Trading Essentials

The other segment of Spreadex’s ‘Learn to Trade’ section of the website is called ‘Trading Essentials’. It offers a dozen more trading articles, including one that describes the difference between trading and investing and another that explains leveraged trading. I especially liked two articles dedicated to risk management and trading psychology.

While the ‘Trading Essentials’ segment builds on the content in the ‘Education Hub’, the articles there represent the same cursory guides, which are easy to digest but lack depth.

YouTube Content

I also found a few dozen platform tutorials on Spreadex’s YouTube channel that explain how to use the broker’s proprietary platform and app, as well as the TradingView station. I also counted 11 how-to videos dedicated to spread betting. Spreadex could strengthen its video library by adding educational videos on CFD trading.

The bottom line

A UK-based Spreadex is authorized by the FCA and offers over 1340 CFDs. I really liked its proprietary Spreadex Web Platform, which stands out for its high-definition charts and the Pro Trading Tools package. Moreover, the platform is equipped with actionable trading signals from Autochartist and supports Guaranteed Stop Loss Orders (GSLOs).

My live testing showed that Spreadex charges low spreads on almost all popular assets I tested. For example, EURUSD was 0.6 pips in my tests, and Apple stock came out at 13 cents, which is much lower than the 55.57-cent benchmark. Only gold spreads exceeded the industry average in my test.

The selection of trading assets is another highlight of Spreadex. In addition to CFDs on commodities, stocks, indices, ETFs, bonds, and interest rates, the broker provides access to Exchange-Traded Commodities (ETCs), IPOs, and options. Cryptos are also available, but only to professional clients.

Spreadex doesn’t support MetaTrader, but it incorporates a sleek TradingView and has developed its own app for trading on the go. I also appreciated Spreadex’s research with daily and weekly market breakdowns and Autochartist signals. The education library includes dozens of articles and platform tutorials, but I felt the coverage was pretty basic and more for beginners.

As a broker focused on UK traders, Spreadex does not offer Islamic accounts and does not accept clients from outside the UK. I would also appreciate it if it added a raw-spread account. Still, I find Spreadex a perfect choice for day and news traders in the UK.

What I Did Not Test

Please note that for this review of Spreadex, I did not:

1. Upload proof of ID and proof of address to fully verify my Spreadex live accounts;
2. Deposit or withdraw real capital into or from Spreadex. My score for the Deposits and Withdrawals category is based on my assessment of the broker’s payment options and listed fees;
3. Test Spreadex’s speed.