Spreadex is a London-based online broker that offers spread betting and CFD trading services on more than a thousand instruments, spread across eight asset classes namely: forex, commodities, indices, stocks, bonds, ETFs, Options, and cryptocurrency. The broker provides clients with its proprietary web-based trading platform and mobile trading apps, as well as many charting and trading tools such as the Candlestick Pattern Recognition tool.
Spreadex Review Introduction
In this Spreadex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare brokers including Spreadex.
Spreadex Platforms & Tools
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 also provides traders with its proprietary mobile trading app, which is available for iPhone, iPad, and Android mobile devices. The mobile apps can be downloaded from the broker’s website, and they help traders to manage accounts and place trades while on the go.
Spreadex clients also benefit from additional trading tools, such as the Candlestick Pattern Recognition, Technical analysis, Economic Diary, and Economic Indicators.
Spreadex Research & Education
The broker provides clients with a wide variety of educational materials that can benefit traders of all experience levels, and they include their financial trading blog, video training center, training guides, and more.
Spreadex Trading Accounts
The broker offers a single account type, and with that account, a trader can choose to spread bet on over 1000 tradable instruments available on the platform or trade CFDs. Spreadex accounts do not have any joining fees, minimum deposit requirements, or any obligation to trade. They also offer variable spreads from around 0.6 pips, with no commissions on some instruments.
Spreadex Account Funding
Spreadex accepts payments with any of the following methods: UK debit card, credit card, bank transfer, Cheques, and direct debit. 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. The transaction processing time depends on the payment method used by the client.
Spreadex Customer Service
Spreadex offers a dedicated customer support team to provide traders with the needed assistance during trading hours. They are available from Mondays to Fridays, 8:00 am to 5:30 pm London time, and they can be reached via live chat, email, and telephone. They are also on social media: LinkedIn, Instagram, Twitter, YouTube, and Facebook.
Spreadex is a UK financial spread betting broker, so they are fully authorized and regulated by the Financial Conduct Authority (FCA), which is the government body that regulates financial service firms in the UK.
Spreadex Review Summary
Spreadex is a regulated spread betting broker in the UK. They offer spread bets and CFDs on more than a thousand trading instruments via their proprietary web-based trading platform and mobile trading apps. The broker has a wide choice of educational materials, including a video training center. They also provide traders with several useful trading tools.
It is worth mentioning that some of the trading products and services in this Spreadex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Spreadex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.