Spreadex has been one of the leading global brokers since 1999. It has been fully licensed and authorized for offering online financial services by FCA.
The broker offers access to thousands of global markets including indices, shares, FX, commodities, bonds, and options. Very attractive trading conditions are provided.
Being regulated by one of the leading financial authorities, Spreadex can guarantee the safety of clients’ funds and enhanced consumer protection.
Our Spreadex review diligently examines all the possible benefits and potential lacking details related to investing with this company.
Spreadex Brokerage Pros and Cons
Some of the notable features provided are great margin rates, award-winning customer service available through various channels, interest-free credit limits, and no joining fees or deposit requirements.
The trading platform is reliable and ultra-fast, available across all devices and operating systems.
On another note, beginner traders may not find educational resources rich enough. Expanding their trading knowledge can be supported through the provided video tutorials. Webinars and live lectures by professionals aren’t available like with some other leaders in the brokerage industry.
Customer support, although available through a few ways of communication, isn’t available 24/7.
|Country of Regulation||UK|
|Trading Fees Class||Low|
|Inactivity Fee Charged||Yes|
|Withdrawal Fee Amount||At least £50|
|Time to Open An Account||Minimal|
|Deposit with Bank Card||Available|
|Depositing with Electronic Wallet||Not available|
|Number of Base Currencies Supported||GBP, USD, EUR, CHF, and CAD|
|Demo Account Provided||No|
|Products Offered||Indices, shares, forex, commodities, bonds and interest rates, ETFs, options, crypto|
Security and Regulation of Spreadex
Spreadex is authorized and fully licensed by the top-tier regulatory body in the UK – Financial Conduct Authority (FCA) with the registration number 190941.
Being regulated by FCA means that Spreadex implements the client money protection measures and safely handles funds that belong to the investors.
This is achieved by keeping the clients’ funds in segregated bank accounts, separated from the company’s funds. Preventing the misuse of the client’s funds is the regulator’s priority.
In case the firm cannot pay the client, FCA-regulated brokers plan the compensation scheme to reimburse the client in the amount of up to £85 000.
Risk-reducing measures are leverage restriction (leverage limited to 1:30), negative balance protection (customers cannot lose more money than they have deposited), and other strategies that ensure customers are safe from unexpected losses.
Eventually, all licensed brokers approved by FCA can be considered to be stable and long-lasting business projects. To provide proof for FCA that they’re stable with funds, brokers have to have at least £750 000 as a beginning capital.
All strict standards imposed by FCA are not so easily achieved and it takes a considerable amount of money and effort for the brokerage company to get a license from the British financial authority.
Based on all the mentioned, we can conclude this broker is as reliable and trustworthy as you’d expect them to be.
What are Available Accounts at Spreadex?
There is but a single account type available at Spreadex. The application for the account opening is made easy and investors can quickly fill in the form. Taking further steps towards the account opening includes choosing the funding method and depositing in order to start trading live.
It may occur that Spreadex has restricted users from certain areas due to different regulatory criteria. Detailed information for every account can be viewed in the account history. Here, clients can apply for credit, which would allow them to start betting without the need of funding their account first.
Funding your account is not charged and it is not possible to have more than one trading account at a given time. The basic currencies accepted are GBP, USD, EUR, CHF, and CAD.
Trading Platforms Overview
Spreadex offers its own customized trading platform. The software is fast and reliable, available on the web, on iPhone, iPad, and Android.
Users can trade spread bets and CFDs and organize their strategy with a fully customizable screen.
Advanced charting tools include Pattern Recognition and Pro Trend lines, as well as other various features to help ease up the trading process. Macro data is provided on charts, customizable through templates that can be created, saved, and edited.
With sophisticated drawing tools, investors can adjust the look of the trading environment to their liking while staying up to date with the information they deem relevant.
The execution speed is ultra-quick to help customers gain an advantage in the market. As a matter of fact, Spreadex was awarded the Best for Efficiency of Taking Trades thanks to that.
For instant access to the markets, users can make use of 1-click dealing. Force Opens are also included through the advanced options, along with price-changing alerts sent to traders via text, push, or email.
Price alerts are a free feature that is enabled by simply clicking the bell icon next to the desired market.
Funding Methods Offered
Spreadex reveals the exact bank details necessary for making a deposit via bank wire transfer. Depositing can be done from mobile devices as well, or by calling the Customer Services Team on 01727 895 000.
Accepted depositing methods are bank transfer and credit/debit cards. The deposit fee is £1 on debit card deposits under £50. Despite not offering E-wallet methods for funding your trading account, the fact that Spreadex offers the most reliable methods is sufficient.
The minimum amount that can be withdrawn is £50 but if the available amount on the account is less than that, the entire sum will be withdrawn. The withdrawal requests are approved within 2 hours after being submitted. It takes between 2 and 5 business days for the money to be received.
Research and Education Provided
Probably the most helpful learning tool provided by Spreadex is the video tutorials available in the Video Training Center. These tutorials cover the most important subjects related to the fundamentals of trading like finding spread betting prices, selecting markets, placing trades, adding stops and limits, and using a guaranteed stop.
These detailed instructions are what clients can rely on for guidance when opening an account, using and customizing charts, payment processes, and other technical information.
For traders interested in really getting into the trading jargon and better understanding the whole trading community, Spread Betting Glossary is a handy tool to refer to.
Customer Support Available
Related to looking for help solving any kind of technical or other issues, clients at Spreadex can contact the head office financial room. The contact can be made via several phone numbers provided on the site and the following email: [email protected]
Financial trading hours are 24 hours Monday to Thursday with reduced time from Friday to Sunday.
Customer service can also be contacted via landline and overseas. Email support is provided at [email protected] Customer service hours are Monday to Sunday from 8 am to 5.30 pm.
Customer support is responsive and helpful, whichever way is contacted. For quick access to staff, live chat provided on the website is recommended.
Spreadex Overall Summary
Possibly the most significant detail about Spreadex is being regulated by FCA. This world-class financial authority makes sure brokers licensed by it are following all the regulatory standards expected.
For that very reason, investing with Spreadex is safe and realistically profitable thanks to the outstanding trading conditions.
With access to a wide variety of markets and more than a few major asset groups, traders can choose and customize their trading experience how they wish to.
Secure depositing is provided via bank wire transfers and credit/debit cards. E-wallets aren’t supported, but they cannot be considered a flaw, as the safest methods are already enabled.
For any potential issues, helpful customer support is at every trader’s service, so feel free to seek help if needed.
Spreadex is a trustworthy, valid, and genuine broker. We suggest you give this broker a chance.
FAQs About Spreadex Broker
Are my Deposited Funds Protected at Spreadex?
Funds deposited at Spreadex are protected by being kept in segregated bank accounts, which prevents the misuse of investments.
Does Spreadex Offer Demo Account?
Spreadex does not allow the opportunity for a Demo account opening.
What is the Minimum Deposit at Spreadex?
There are no minimum deposit requirements at Spreadex.
What Are the Benefits of Becoming an Affiliate?
Becoming an affiliate can bring commission, widgets, press releases, and promotions.
What Bodies Are You Regulated Under?
Spreadex regulated and licensed by the top-tier UK regulator – FCA.