Spreadex Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our research into SpreadEx shows that it is an average choice for forex and CFD trading. Along with providing a wide range of tradeable symbols and competitive spreads, it provides access to TradingView and a proprietary platform. However, its educational resources and mobile trading apps are rated below average.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Wide range of tradeable symbols: SpreadEx offers 10,000 tradeable symbols, significantly higher than the industry average.
- Competitive EUR/USD spreads: The average spread cost for the EUR/USD pair is 0.81, which is better than the industry average.
- Proprietary platform available: The broker provides its proprietary trading platform, which might suit some traders' needs well.
Cons
- No MetaTrader support: SpreadEx does not offer MetaTrader 4 or MetaTrader 5, which are popular platforms among traders.
- Limited educational resources: The broker does not provide advanced education videos and has an average rating for beginner education.
- No copy trading or trading signals: Lacks features like copy trading and trading signals, which might be a drawback for some traders.
Ratings Summary
- Investment Types - 8.0/10
- Commissions & Fees - 7.5/10
- Trading platforms - 7.0/10
- Research - 7.5/10
- Mobile Apps - 7.0/10
- Education - 6.5/10
- Overall - 7.2/10
Can I trust Spreadex?
SpreadEx is authorized by the United Kingdom's FCA, providing a solid regulatory foundation. However, it is not a publicly traded company and does not have ASIC or MiFID regulation. According to ForexBrokers.com, SpreadEx has a trust score of 71, which indicates it is of average risk.
Spreadex is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - the Financial Conduct Authority (FCA)
- Tier-2 Regulators - None
- Tier-3 Regulators - None
- Tier-4 Regulators - None
Is Spreadex good for beginners?
SpreadEx may not be the best choice for beginners. While it offers some beginner education videos, it lacks advanced educational resources, and its overall rating for education and beginners is below average.
| Feature |
Spreadex
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | No |
| Investor Dictionary (Glossary) | Yes |
Spreadex commissions and fees summary
SpreadEx offers competitive commissions and fees with an average EUR/USD spread of 0.81, better than the industry average. It does not charge an inactivity fee or require a minimum deposit. However, it does not offer active trader or VIP discounts, making it an average choice in terms of fees.
| Feature |
Spreadex
|
|---|---|
| Minimum Deposit | $0 |
| Average Spread EUR/USD - Mini | 0.81 |
| Average Spread EUR/USD - Standard | 0.81 |
| All-in Cost EUR/USD - Active | N/A |
| Active Trader or VIP Discounts | No |
Spreadex trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
SpreadEx provides its proprietary trading platform, which is adequate for some traders but lacks the popularity and features of MetaTrader 4 and MT5. Overall, the platforms and tools offered are rated below average, making it a less appealing choice for investors looking for advanced trading tools.
Trading platforms offered: Proprietary platform.
Trading tools: Limited.
Metatrader: Not supported.
Copy trading: Not available.
| Feature |
Spreadex
|
|---|---|
| Virtual Trading (Demo) | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | No |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| DupliTrade | No |
Mobile trading apps at Spreadex
SpreadEx's mobile trading apps are rated below average. While they are functional, they lack the advanced features and usability found in higher-rated brokers' apps, making SpreadEx a less attractive option for mobile traders.
| Feature |
Spreadex
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
How do I open an account with Spreadex?
- Visit the SpreadEx website.
- Click on the "Open Account" button.
- Fill in the registration form with your personal details.
- Submit the necessary identification documents for verification.
- Once verified, fund your account using one of the supported payment methods.
What can I trade at Spreadex?
SpreadEx offers 52 forex pairs and a total of 10,000 tradeable symbols, which is significantly higher than the industry average of 3,623 tradeable symbols, providing traders with extensive options.
| Feature |
Spreadex
|
|---|---|
| Tradeable Symbols (Total) | 10000 |
| Forex Pairs (Total) | 52 |
| Social Trading / Copy Trading | No |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | Yes |
Account funding at Spreadex
SpreadEx supports funding via bank wires and credit cards, but does not support Neteller, PayPal, or Skrill eWallets.
| Feature |
Spreadex
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Neteller (Deposit/Withdraw) | No |
About Spreadex
SpreadEx is based in London and was founded in 1999. It has established itself as a multi-asset broker providing substantial spread betting and CFD trading.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.