Spreadex Review 2020

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Regulated By:FCA

Foundation Year:1999

Headquarters:Churchill House 26-30 Upper Marlborough Road"

Min Deposit:$0.01

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Jitan Solanki

Last updated: Nov 10, 2019

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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.

Spreadex was founded in 1999 and is regulated by the UK Financial Conduct Authority (FCA). The broker offers Spread Betting and CFD products to trade on a wide range of tradable asset classes covering Indices, Shares, Forex, Commodities, Bonds, Interest Rates, ETFs, Options and Cryptocurrencies, as well as a wide range of AIM stocks (smaller companies listed outside of the FTSE 100 or FTSE 250).

Through their advanced, proprietary trading platform traders can access price history of over 10 years, can trade via charts and access advanced order features such as guaranteed stops for some markets. The broker was named the ‘Best for Efficiency of Taking Trades’ by the Investment Trends UK leveraged Trading Awards and offers commission-free trading on Spread Bets and non-Equity CFDs, charging just through the spread and overnight funding.

Spreadex offers some market research and analysis via their Daily and Weekly Market Update reports, as well as some – but quite limited – trader education articles. The broker also offers sports betting services and the ability to trade over the phone.

Pros:	Cons:
1,000+ tradable assets across Forex, Indices, Shares, Commodities, ETFs, Bonds and Cryptocurrencies. Allows Spread Betting or CFD trading. Regulated by the UK Financial Conduct Authority (FCA). Easy to access and simple to use proprietary trading platform. Commission-free trading on Spread Bets and non-Equity CFDs (costs just through the spread and overnight funding).	No demo account. Limited trader education. Does not accept deposits from online wallets like Skrill or Moneybookers. Cannot trade via MetaTrader.

General Information

Official Site:https://www.spreadex.com/financials/

Demo:Open Demo Account

Regulated By:FCA

Foundation Year:1999

Headquarters:Churchill House 26-30 Upper Marlborough Road"

Min Deposit:$0.01

Max Leverage:1:200

Publicly Traded:No

Deposit Options:Credit Card, Skrill, Wire Transfer

Withdrawal Options:Credit Card, Skrill, Wire Transfer

Tradable Assets:Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Options

Trading Platforms:Proprietary

Commission on Trades:No

Fixed spreads:Yes

Trading Desk Type:Dealing Desk, Market Maker

OS Compatibility:Desktop platform (Windows), Desktop platform (Mac), Web platform

Mobile trading:Android, iOS

Accepts Us Clients:No

Rate Spreadex

SpreadexVideo Review

Investor Protection & Regulations

Spreadex is regulated by the UK Financial Conduct Authority (FCA).

Spreadex is regulated by the UK Financial Conduct Authority (FCA) as confirmed on the FCA Register:

As an FCA registered broker and in line with the recent ESMA regulations, the broker offers further protection to retail clients by:

Offering a negative balance protection policy.
Holding client funds in segregated accounts.

According to the broker’s listing form, they do not accept clients from the USA, Turkey, Australia, Bosnia and Herzegovina, Brazil, Iran, Mali, North Korea, Russia, Serbia, Montenegro, Uganda or Vanuatu.

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.

Spreadex offers clients the ability to trade on a wide variety of different asset classes including 30+ Indices, 60+ Currencies, 25+ Commodities, 19+ Bond and Interest Rates, 200+ ETFs, 5 Cryptocurrencies, Options, and 1,000+ shares from 15 countries including UK AIM stocks via Spread Betting and CFDs.

Below is a list of just some of the available markets for trading:

Forex	Indices	Commodities
AUD/CAD	Germany 30	Brent Crude
CHF/JPY	SPX 500	Gold
EUR/SGD	UK 100	Cocoa
GBP/DKK	Wall Street	Feeder Cattle
NZD/USD	Hong Kong 50	Platinum
Shares	Cryptocurrencies	Bonds
Canopy Growth Corp	Bitcoin (USD)	French OAT
Uber	Bitcoin Cash (USD)	German Bobl
Boeing	Ether (USD)	German Bund
Diageo	Litecoin (USD)	UK Long Gilt
Slack Technologies	Ripple (USD)	US 10 Year Note

* Details regarding the available assets are taken from the Spreadex website and trading platform and are correct at the time of this review.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the instrument being traded. According to the broker’s website, the spread on EUR/USD starts from 0.6 pips. A detailed review of the trading costs with Spreadex can be found further down this review.

Account Opening

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.

To open an account, users simply need to click on the ‘Create An Account’ tab at the top of the broker’s homepage. This will then open up the form as shown above. Here, users just need to enter their name, address, username, password and account type settings. Once this has been done it will redirect you to Spreadex’s live trading platform, as shown below:

From here users can browse the trading platform, view the extensive markets available to trade on, analyse charts and more. However, to activate trading, users need to follow the five steps shown on the right side of the page, as shown in the above screenshot.

The next steps involve sharing contact information, trading experience, employment status. The broker also gives a range of trading scenarios which require you to calculate the relevant answer in order to test your trading knowledge for regulatory purposes. An example is shown below:

Once a user has completed the five stages, an account manager will then review the application.

Deposit & Withdrawals options

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.

Spreadex clients can deposit funds via the broker’s trading platform by selecting the Payments tab on the top of the screen. This will then open a Deposit Funds page which requires users to register a new card before making a deposit.

The broker does not accept deposits from E-Wallets such as Skrill. However, users can deposit funds via bank wire transfer and debit or credit card. Withdrawals can be made by clicking the Withdraw Funds tab. The maximum card withdrawal is £25,000 or £2,500 for Mastercard or Maestro cards but users can make multiple withdrawals in one day.

Payments back to a debit card take between 2 and 5 working days with bank wire transfers taking just 2 days. The broker also accepts cheques and users can also call the customer service team to make a deposit or withdrawal over the phone.

According to the broker’s website: ‘Spreadex reserves the right to charge £1 on debit card deposits under £50.’

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.

Clients trading with Spreadex are offered the use of the broker’s advanced, proprietary browser-based trading platform that is feature-rich.

Traders can access advanced charts tools such as pattern recognition scanners, technical indicators, price history of over 10 years and more.

Traders can also access advanced orders such as guaranteed stop loss orders, price tolerance threshold, one click trading and more, as shown below:

Another useful feature of the Spreadex trading platform is the ability to send out price alerts on your chosen levels across different markets via text, email or push notifications.

Here is an example of the Spreadex trading platform with an open chart and open trading ticket:

Be sure to watch the video review where we go through the features of this trading platform in much more detail.

Mobile Trading Platforms

Spreadex offers its own advanced, proprietary trading platform for mobile via an iPhone App, an iPad App and an Android App.

Clients of Spreadex are offered the ability to trade on the move via mobile using the broker’s iPhone App, iPad App and Android App which are available for download via the broker’s website or through the relevant Apple App Store or Google Play Store.

The mobile app offers most of the same advanced functionality as the browser-based web and desktop version. For example, users can still access advanced charting with the ability to trade via charts, access a wide range of technical indicators and view historical prices over the past 10 years, as shown below:

Traders can also access advanced orders and price alerts:

After downloading the app users can log in with an account number and password or via PIN, as shown below:

After logging in, traders or shown a quote window of different asset classes:

From here, traders can access deal tickets, order tickets, view charts and set price alerts:

Trading 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 does not offer any additional trading features beyond their advanced, proprietary trading platform. However, both beginner and advanced traders will enjoy the commission-free trading available on such a large selection of global markets on Spread Bets and non-Equity CFDs and the ease of access across Web and Mobile.

The broker also offers guaranteed stop losses on some markets which are charged at a premium and covered in the next section.

Commissions & Spreads

Trading costs with Spreadex vary depending on the market being traded. However, the broker offers commission-free trading on Spread Bets and non-Equity CFDs, with costs built into the spread and overnight funding rates.

Trading costs with Spreadex vary depending on the market being traded. However, the broker offers commission-free trading on Spread Bets and non-Equity CFDs, with costs built into the spread and overnight funding rates. Fortunately, the broker provides spread information on their website for each individual market as shown below:

Spreadex Forex Trading

Spreadex provides a detailed description of Forex trading with them by including trading hours and spread costs, as shown below:

The broker also details the guaranteed stop premium for each individual currency pair, as shown below:

As well as the overnight funding charge and margin requirements:

Spreadex Indices Trading

Spreadex provides a detailed description of trading Indices with them by including trading hours, spread costs, expiry dates, overnight funding rates, margin requirements and guaranteed stop premiums, as shown below:

Spreadex Commodities Trading

Spreadex provides a detailed description of trading Commodities with them by including trading hours, spread costs, expiry dates, overnight funding rates, margin requirements and guaranteed stop premiums, as shown below:

Spreadex Equity Trading via Spread Betting

Trading shares with Spreadex via Spread Betting is commission-free with costs built into the spread and overnight funding. The spread values and overnight funding rates vary depending on the share being traded. However, users can search for their chosen market on the broker’s website which provides a detailed overview of the spread and daily funding charges, as shown in the example of Apple below:

Spreadex Equity Trading via CFDs

Trading shares with Spreadex via CFDs involves commission, spreads and overnight funding costs which all vary depending on the instrument being traded. Users can search for their chosen market on the broker’s website which provides a detailed overview of the CFD commission, spread and daily funding charges, as shown in the example of Apple CFDs below:

Bonus & Promotions

Spreadex does not currently offer any bonus or promotional offers.

Currently, there are no bonus or promotional offers advertised on the Spreadex website.

Customer Support

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

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

From testing, the Live Chat function is very useful as the Customer Support Agent was very helpful and responded within just a few seconds, as shown below:

Live Chat (link can be found on the website)
Address:
- Freepost RRRS-GTBG-HGZB, Spreadex Ltd, Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU
- Phone:
  - Customer Service: +44 1727 895 000
  - Financial Trading Room: +44 1727 895 15
- Email:
  - Customer Service: info@spreadex.com
  - Financial Trading Room: fins@spreadex.com
- Social:

Research

Spreadex offers some trader research tools such as an Economic Diary, Financial Trading Blog and Daily/Weekly market updates .

Spreadex offers some trader research tools to its clients. The broker offers an Economic Diary which covers economic and corporate news announcements, as shown below:

The broker also offers a Financial Trading Blog which is full of daily and weekly market updates.

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.

Spreadex offers some trader education content covering a variety of topics. The broker’s Video Training Centre covers information on how to use their trading platform features such as one-click trading, multiple price views and more, as shown below:

The broker also offers some brief articles covering:

Candlestick Pattern Recognition
Chart Patterns
Chart Analysis

An example of the broker’s technical analysis chart patterns article is shown below:

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.

From our observations, Spreadex provides a clear, transparent and simple trading offering suitable for both beginner and advanced traders. From one account users can access Spread Betting and CFD trading products across a large range of asset classes covering Forex, Stocks, Indices, Commodities, Cryptocurrencies, Bonds, ETFs and Options.

Trading costs and commissions are clear with commission-free trading available on Spread Bets and non-Equity CFDs. The broker also provides clear examples of how they calculate overnight funding rates and margins. Both beginner and advanced traders may enjoy the guaranteed stop-loss order service, although this is charged at a premium.

While the broker does not offer the MetaTrader trading platform, their own advanced, proprietary trading platform is simple to use and comes with a very wide selection of trading indicators and tools. The platform is browser-based making it easy to access across Windows and Mac. The mobile trading platform also provides some impressive trading features as the video review highlights.

FAQ

Is Spreadex regulated?

Yes, by the UK Financial Conduct Authority.

Where is Spreadex based?

Spreadex registered address is Freepost RRRS-GTBG-HGZB, Spreadex Ltd, Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU.

How does Spreadex make money?

Spreadex makes money through spreads, swaps and commissions on certain tradable asset classes.

How do I deposit in Spreadex account?

Funds can be deposited into a trading account via bank wire transfer, cheque and debit or credit card.

What is the min. deposit for Spreadex?

There is no minimum deposit to open a trading account.

How do I withdraw money from Spreadex?

Withdrawals can be made from Spreadex via bank wire transfer, debit or credit card.

What is the max leverage in Spreadex?

The maximum leverage offered by Spreadex is 30:1 for retail clients in line with ESMA regulations.

How do I open an account with Spreadex?

An account can be opened at the click of a button on the Spreadex website and can be done in just a few steps.

Does Spreadex use MetaTrader?

No.

Conclusion

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.

Spreadex was founded in 1999 and is regulated by the UK Financial Conduct Authority. The broker offers Spread Betting and CFD trading on more than 1,000+ markets covering Forex, Stocks, Indices, Commodities, Bonds, ETFs, Cryptocurrencies and Options, as well as UK AIM Stocks.

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.

The broker offers their own advanced, proprietary, browser-based trading platform for Web, Android and iOS. The platform itself is feature-rich and offers a wide range of technical trading indicators and allows for one-click trading. Users can also set price alerts that can be sent via text, email or push notification.

Users can fund accounts via bank wire transfer, cheque, debit or credit card. Unfortunately, the broker does not accept deposits from E-Wallets and does not offer demo trading accounts. While there are some trader research and education tools they cover topics very briefly.

FCA regulated.
1,000+ tradable assets across Forex, Stocks, Indices, Commodities, Cryptocurrencies, Bonds, ETFs and Options.
Commission-free trading available on Spread Bets and non-Equity CFDs.
Possibility of guaranteed stop-loss orders on certain markets (additional costs).
Simple to use trading platform which is proprietary, browser-based and feature-rich.

Official Site >

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