Spreadex is a London-based online broker popularly known for their services in spread betting. With their web-based trading platform and mobile trading apps, traders can trade spread bets and CFDs on forex, crypto, indices, commodities, stocks, and bonds.
show 1 Spreadex Review, Pros & Cons 2 Spreadex Overview 3 Spreadex Regulation 4 Spreadex Countries 5 Spreadex Platforms 5.1 Spreadex Web Trading Platform 5.2 iPhone Trading App 5.3 iPad Trading App 5.4 Android Trading App 6 Spreadex Trading Tools 6.1 Candlestick Pattern Recognition 6.2 Technical Analysis: Chart Patterns 6.3 Economic Diary 6.4 Economic Indicators 7 Spreadex Education 7.1 Financial trading blog 7.2 Video training center 7.3 How to use Spreadex trading platform 8 Spreadex Instruments 9 Spreadex Accounts & Fees 10 Spreadex Support 11 Spreadex Deposit & Withdrawal 12 Spreadex Account Opening 13 Spreadex Summary
Spreadex Review, Pros & Cons
In this detailed Spreadex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
- 1 Spreadex Overview
- 2 Spreadex Regulation
- 3 Spreadex Countries
- 4 Spreadex Platforms
- 5 Spreadex Trading Tools
- 6 Spreadex Education
- 7 Spreadex Instruments
- 8 Spreadex Accounts & Fees
- 9 Spreadex Support
- 10 Spreadex Deposit & Withdrawal
- 11 Spreadex Account Opening
- 12 Spreadex Summary
Based in London, Spreadex is an online broker that offer spread betting and CFD trading services on more than a thousand instruments spread across eight asset classes — forex, commodities, indices, stocks, bonds, ETFs, options, and cryptocurrencies — through their proprietary web-based trading platform and mobile trading apps.
Their clients are provided with many advanced charting and trading tools including candlestick pattern recognition tools. The broker is authorized and regulated by the FCA, with clients’ funds maintained in segregated accounts in top U.K. banks. However, they could improve on their educational resources, increase their payment channels and start providing the MetaTrader platforms to traders.
Spreadex is a U.K. financial spread-betting broker, so they are fully authorized and regulated by the Financial Conduct Authority (FCA) — the government body that regulates financial service firms in the UK. The broker has been around for many years, serving their ever-growing client base. They do not accept clients based in the United States.
Funds from retail clients are kept in a segregated account in accordance to the Financial Conduct Authority (FCA) client money rules. This means that the broker should not use clients’ money for their operations. Being a regulated UK broker, Spreadex is a member of the Financial Services Compensation Scheme (FSCS), an organization that compensates eligible investors to the tune of £20,000 should the broker go bankrupt.
So, the broker appears trustworthy and well regulated. Spreadex has a stable and profitable track record and is listed in the Financial Times Europe’s fastest-growing 1000 list.
Spreadex offers their services to residents of the UK, Ireland, and other EU member nations that support spread betting, as they are still under the CFD trading rules of the European Securities and Markets Authority (ESMA) regarding leverage restrictions, margin closeout, and negative balance protection.
The broker states that the information on their website is neither targeted at the general public of any particular country nor intended for distribution to residents in any country where such distribution or use would contravene any law or regulatory requirement.
Some Spreadex broker features and products mentioned within this Spreadex review may not be available to traders from specific countries due to legal restrictions.
Spreadex Web Trading Platform
The broker provides a fully-customizable, fast, and reliable proprietary web-based platform for trading spread bets and CFDs. It comes with advanced charting tools with pattern recognition and pro trend lines; price alerts via text, push, or email; and advanced orders including force opens.
Spreadex Web Trading Platform
iPhone Trading App
Spreadex Financial Trading App for iPhone enables you to trade the financial markets on the go. The app comes with advanced charting tools, price alerts, advanced orders, SSL encryption, and fingerprint login to help keep your data secure.
Spreadex iPhone Trading App
iPad Trading App
This is the Spreadex Financial Trading App for iPad. Clients can trade thousands of financial markets on the go using their iPads. The app can be downloaded from the broker’s website.
Spreadex iPad Trading App
Android Trading App
Traders who use Android phones can download the Spreadex Financial Trading App for Android devices so they can access the markets any time, anywhere.
Spreadex Android Trading App
Spreadex Trading Tools
Candlestick Pattern Recognition
Spreadex has an advanced and automatic candlestick pattern recognition tool on their platform which is available to all customers for free. The tool can be accessed on any desktop chart. To enable the tool, go to the menu at the top corner of the chart and select: Technical -> Pro Trading Tools -> Candle Patterns. After enabling it, you can configure the tool to the specific candlestick pattern you want.
Spreadex Candlestick Pattern Recognition
Technical Analysis: Chart Patterns
The broker provides a guide to recognizing the various chart patterns, such as the ascending, descending, and symmetrical triangles; the bull and bear flags; the double top and bottom; the head and shoulder and the inverse one; and the different types of channels. This can help traders in identifying potential trading opportunities.
Spreadex provides daily and weekly economic diary on their website. The diary contains the time for all scheduled economic announcements, data releases, and any event of economic importance that can affect the financial markets.
Spreadex Economic Diary
The broker has a section where they analyze all the fundamental data coming to the market — economic indicators like inflation, interest rate announcements, gross domestic product reports, and others.
Spreadex Economic Indicators
Financial trading blog
The broker also runs a financial trading blog to shed more light on some of the difficult trading topics. Traders can learn a thing or two from their blog.
Video training center
There is a page on the broker’s website called Video Training Center. It has lots of videos that explain how to trade spread betting with the broker, including how to choose the market to trade and how to edit a trade order.
How to use Spreadex trading platform
There are many guides on the broker’s websites that teach clients how to use the broker’s platforms and use the various tools on it.
Spreadex offers spread betting and CFD trading on a wide range of products, including forex, commodities, indices, stock, ETFs, bonds and interest rates.
Spreadex Range of Markets
Spreadex Accounts & Fees
The broker offers only a single account type. With that account, a trader can choose to spread bet on the over 1000 tradable instruments available on platform or trade CFDs. Spreadex accounts do not have any joining fees, minimum deposit requirements, or any obligation to trade. You can start trading with any amount.
Both spread bets and CFDs are leveraged instruments, so traders can trade on a margin, which can be as low as 0.5 % for stock indices. The broker offers variable spreads from around 0.6pips, with no commissions on some instruments. These are not the lowest spreads that we have seen when compared to many other trading brokers, some of whom offer raw spreads starting from 0 pips.
As broker fees can vary and change, there may be additional fees that are not listed in this Spreadex review. It is imperative to ensure that you check and understand all of the latest information before you open a Spreadex broker account for online trading.
Spreadex has a dedicated customer support service that is available Mondays to Fridays from 8:00 am to 5:30 pm London Time, providing traders with the needed assistance all through the trading hours. The customer service team can be reached through so many channels, including Live Chat, email, and phone calls.
They can also be reached through their social media handles on LinkedIn, Instagram, Twitter, YouTube, and Facebook.
Spreadex Deposit & Withdrawal
Spreadex accepts payment from any of the following methods:
Spreadex does not accept any third party payments, and at the moment, they do not accept deposits from E-Wallets such as Moneybookers, Paypal, Neteller, Ukash, and others.
Spreadex Account Opening
Opening an account with Spreadex is easy. Just click on the ‘Create An Account’ button on the top right corner of the broker’s website and fill the form that is displayed.
Spreadex Account Opening Form
Then, confirm your email and upload your KYC documents, which include your means of identification and proof of address. When the documents are verified, which may take a few days, you can fund your account and start trading. It is imperative to ensure that you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Spreadex is a popular spread betting broker in the UK. They offer spread bets and CFDs on more than a thousand instruments spread across forex, commodities, indices, stocks, bonds, ETFs, options, and cryptocurrencies through their proprietary web-based trading platform and mobile trading apps. The broker is fully authorized and regulated by the FCA, and their clients’ funds are kept in segregated accounts in top UK banks.
However, Spreadex could increase their payment methods and improve their educational resources. Furthermore, they do not provide the popular MetaTrader platforms nor do they have any social trading platform integration. You may wish to view our best online brokers for alternative options.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Min $1 Deposit
Spreadex is a UK based online broker known for their services in spread betting. With their web-based trading platform & mobile trading apps, traders can trade spread bets along with CFDs on forex, crypto, indices, commodities, stocks & bonds.