Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Spreadex Pros & Cons
- Access to more than 10,000 global markets.
- Minimum deposit from GBP 5.
- A feature-rich trading platform with 35+ indicators, price alerts, and signals.
- Customer support 7 days a week with service-quality awards.
- An in-house education center.
- Free market analytics.
- No demo account.
- Execution model is not disclosed.
Spreadex is a CFD and Forex broker founded in 1999. It specializes in spread betting and contracts for difference (CFDs), with access to the Forex market also provided through these instruments. The company also operates in sports betting. More than 60,000 traders use Spreadex services. The broker offers access to over 10,000 markets through its proprietary web platform and mobile apps for Android and iOS, with broad charting and customization tools, TradingView integration, and trading signals. Spreadex is headquartered in the United Kingdom and regulated by the Financial Conduct Authority (FCA), license No. 190941.
TU Expert Verdict
Spreadex demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Spreadex User Reviews
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5-star
5%
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4-star
29%
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3-star
38%
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2-star
14%
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1-star
14%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of Spreadex have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Spreadex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Spreadex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Spreadex Standard spreads Spreadex OANDA FOREX.com EUR/USD min, pips 0.6 0.1 0.7 EUR/USD max, pips 1.1 0.5 1.2 GPB/USD min, pips 0.7 0.1 0.9 GPB/USD max, pips 1.2 0.5 1.4 Does Spreadex support RAW/ECN accounts?
As we discovered, Spreadex does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Spreadex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Spreadex Non-Trading Fees Spreadex OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Spreadex Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9 /10Spreadex has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 27 years
- Strict requirements and extensive documentation to open an account
Spreadex Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 Spreadex Security Factors Foundation date 1999 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10Spreadex offers the following account options: Standard.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Low minimum deposit
- Standard account with balanced trading conditions
- No Cent account
- Micro lots are not available
Spreadex account types vs top competitors Spreadex Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo NoYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoSpreadex accounts trading conditions
Under FCA requirements, Spreadex classifies clients as retail or professional and provides accounts accordingly. Traders cannot choose between multiple account types or select different trading conditions. Trading conditions depend on the assigned client status and do not vary based on deposit size or account selection. The broker does not offer a demo account.
Account types:
Account Type Description Retail An account automatically opened for all retail traders. To start trading, a minimum deposit of GBP 5 is required. Leverage is available up to 1:30, and all instruments offered by the broker can be traded through this account. Pro To qualify for this account type, a trader must meet at least two of the three FCA criteria. These include trading activity of at least 10 large trades per quarter, a portfolio of at least EUR 500,000, and at least one year of work experience in the financial sector. Professional clients can trade with higher leverage because margin requirements are lower than the standard 1:30 applied to retail clients. -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.3 /10Spreadex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Spreadex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No deposit fee
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- No withdrawal fee
- Only major base currencies available
- BTC payments not accepted
- BTC not available as a base account currency
What are Spreadex deposit and withdrawal options?
Spreadex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Apple Pay, Google Pay, Easy Bank Transfer, Direct Debit.
Spreadex Deposit and Withdrawal Methods vs Competitors Spreadex Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Spreadex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Spreadex supports the following base account currencies: USD, EUR, GBP.
What are Spreadex's minimum deposit and withdrawal amounts?
The minimum deposit on Spreadex is £5, while the minimum withdrawal amount is . These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Spreadex’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.5 /10Spreadex offers a limited selection of trading assets compared to the market average. The platform supports 10,000 assets in total, including 60 Forex pairs.
- 60 supported currency pairs
- Commodity futures are available
- Indices trading
- Limited asset selection
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Spreadex with its competitors, making it easier for you to find the perfect fit.
Spreadex Trading.com Plus500 Currency pairs 60 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 10,000 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions YesNoYesInvestment options
We also explored the trading assets and products Spreadex offers for beginner traders and investors who prefer not to engage in active trading.
Spreadex Trading.com Plus500 Bonds YesNoNoETFs YesNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Spreadex by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with Spreadex in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Spreadex is £5. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
Spreadex account opening Spreadex Trading.com Plus500 Online Registration YesYesYesMinimum deposit £5 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is Spreadex available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start trading with Spreadex, open a trading account and complete the registration process.
A step-by-step guide:
On the Spreadex homepage, click Create an Account to open the registration form.
Enter your name, citizenship, country of residence, email, username, and password, then select the trading type: spread betting, CFD trading, or both.
Complete the detailed questionnaire by providing information about your financial situation, trading experience, and knowledge of trading.
Complete verification by uploading a scanned copy of your identity document through the platform.
Features of Spreadex user account allow traders to:
- Deposit and withdraw funds;
- View market data, including real-time quotes;
- Create watchlists using criteria such as “popular,” “trending,” “top risers,” etc.;
- Manage open trades;
- Enable market notifications;
- Receive free trading signals.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria5.9 /10Spreadex received a score of 5.9/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Trade directly from TradingView
- Proprietary platform with unique features
- One-click trading
- EAs not allowed
- Strategy (EA) Builder is not available
Supported trading platforms
Spreadex supports the following trading platforms: TradingView, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared Spreadex’s platform availability with that of top competitors to assess its relative market position.
Spreadex Trading.com Plus500 MT4 NoNoNoMT5 NoYesNocTrader NoNoNoTradingView YesYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Spreadex’s trading platform features
We also evaluated whether Spreadex offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA NoAlerts YesTrading bots (EAs) NoOne-click trading YesScalping NoSupported indicators 39 Tradable assets 10,000 Additional trading tools
Spreadex offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Spreadex trading tools vs competitors Spreadex Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI NoNoNoFree VPS NoNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7 /10Spreadex supports mobile trading, offering dedicated apps for both iOS and Android. Spreadex received a score of 7/10 in this section, indicating a generally acceptable mobile trading experience.
- Mobile alerts supported
- Solid iOS user feedback, with a rating of 4.6/5
- Strong Android user ratings, currently at 4.6/5
- Mobile 2FA not supported
We compared Spreadex with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Spreadex Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 37,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.6 4.8 4.7 Google Play score 4.6 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at Spreadex by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.6 /10Customer support at Spreadex is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Spreadex provides basic support functionality but does not stand out in overall service performance.
InformationCustomer support is available to assist clients with account, platform, and trading-related questions. Support agents operate seven days a week during standard service hours. Working hours are from 8:00 a.m. to 5:30 p.m. London time.
- Questions can be asked via online chat even without being a company client
- Available 7 days a week
- No 24/7 support
- Support is provided in English only
Communication methods of Spreadex:
- Phone (the number is listed in the “Help” section);
- Email;
- Online chat on the website and in the user account;
- Social media: Facebook, X, Instagram, LinkedIn.
Contacts Foundation date 1999 Registration address Churchill House, Upper, Marlborough Road, St Albans, Hertfordshire, AL1 3UU Regulation FCA Licence number:
190941Official site https://www.spreadex.com/ Contacts info@spreadex.com 01727 895 000, +44 1727 895 000
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FAQs
How safe is trading with Spreadex in terms of regulation and investor protection?
Spreadex has a safety score of 9/10 and is regulated by the UK Financial Conduct Authority (FCA), which is classified as a Tier-1 regulator in this review. The broker offers negative balance protection, follows KYC verification procedures, and clients may be covered by an investor protection fund of up to £85,000, according to the section. The broker has been operating since 1999, which indicates a long track record, but additional details beyond this are not specified in the review.
What types of trading accounts does Spreadex offer and how do their conditions differ?
Spreadex primarily offers a Standard account structure, with trading conditions determined by whether a client is classified as retail or professional under FCA rules. Retail accounts require a minimum deposit of GBP 5 and provide leverage up to 1:30, while professional clients who meet at least two of the FCA criteria can access higher leverage due to lower margin requirements. The broker does not provide swap-free, cent, micro, VIP, managed, or demo accounts, as stated in the section.
What do user reviews say about Spreadex overall?
Spreadex has a user satisfaction score of 5.9/10 based on 21 reviews, with a rating distribution that includes 5% 5-star, 29% 4-star, 38% 3-star, 14% 2-star, and 14% 1-star feedback. This distribution indicates that user reviews are mixed, with a significant portion of mid-range (3-star) ratings. According to user reviews, experiences vary, and more detailed qualitative comments are not provided in this section.
How does the Spreadex account opening process work and what feedback is given on its speed?
The account opening process at Spreadex is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days, according to the section. The minimum deposit is £5, and users must complete a questionnaire on their financial situation and trading experience, then upload identification documents. The review notes that the process is accessible and relatively hassle-free, though it also mentions that registration and approval may take longer depending on documentation.
What feedback do users give about the Spreadex mobile apps?
Spreadex offers dedicated mobile apps for iOS and Android, with both platforms showing user ratings of 4.6 out of 5 in this review. The apps support mobile alerts and indicators, but mobile two-factor authentication (2FA) is not supported according to the section. Total downloads are reported at 37,000, and more detailed user comments beyond the ratings are not specified.
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