Spreadex Review

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Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

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Spreadex Video Review

Investor Protection & Regulations

“Spreadex is regulated by the UK Financial Conduct Authority (FCA), offering a high level of regulatory oversight and protections.”

Spreadex is regulated by the UK Financial Conduct Authority (FCA) as confirmed on the FCA register below:

As an FCA registered broker and in line with the recent ESMA regulations, the broker segregates client funds from its own and offers a negative balance protection policy for retail clients.

Tradable Products

“Spreadex offers the ability to trade on more than 10,000+ financial instruments covering Indices, Shares, Forex, Commodities, Bonds, Interest Rates, ETFs, Options, AIM Shares and Speed Markets.”

Spreadex offers clients the ability to trade on a wide variety of different asset classes including 30+ Indices, 60+ Forex, 200+ ETFs, Commodities, Bonds, Interest Rates, Options and Shares from 15+ countries around the world. AIM Shares and Speed Markets.

The broker is also an AIM stock share trading specialist providing AIM stocks from a market cap of £1 million. Professional clients can also trade on Speed Markets which are ultra-fast, fixed-risk trades.

Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the Spreadex website and trading platform and are correct at the time of this review.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the instrument being traded. A detailed review of the trading costs with Spreadex can be found further down this review.

Account Opening

“Spreadex offers a very simple account opening process. From one account users can access both Spread Betting and CFD trading products. While the broker does not offer a demo trading account there is no minimum deposit to open an account.”

With Spreadex users can trade both Spread Betting and CFD trading products from just one account. Spread Betting products are commission-free with only the spread and swap payable. CFD trading products involve the cost of the spread, swap and commission on equities. To open an account, users simply need to click the ‘Create An Account’ tab at the top of the broker’s homepage.

In the first part of the registration form, users simply need to provide name, email, username, password, country of residence, nationality and the account type. Once this has been done it will redirect you to Spreadex’s live trading platform. From here, users can access a wide range of trading features including account settings, payments, daily market updates and more.

In order to activate trading, users will need to complete a five-step registration process and go through an application form requiring personal information, trading experience, employment status and more, as well as provide standard verification details to establish identity and proof of address.

Accounts can be opened in different base currencies including GBP, USD or EUR.

Deposit & Withdrawals options

“Payment options with Spreadex include bank wire transfer, debit or credit card or cheque which can all be done on the platform or via phone. The broker does not accept deposits from E-Wallets.”

Spreadex clients can deposit and withdraw funds directly from the broker’s trading platform in the Payments section. by selecting the Payments tab on the top of the screen. This will then open a Deposit Funds page which requires users to register a new card before making a deposit, as shown below:

Spreadex does accept deposits from E-Wallets and does not charge for debit or credit card payments. The minimum amount paying is £10 or the equivalent in the currency of the account. The broker provides its banking information on the Payments page for bank transfer deposits. Users can also use the Barclays Pingit app.

Withdrawals can be requested to any debit or credit card which has been previously used to make a payment and can take three business days after the request is processed. Withdrawals via bank transfer are free via the 3-ay sterling payment BACS facility.

Web & Desktop Trading Platforms

“Spreadex offers the ability to trade from its own feature-rich, proprietary browser-based trading platform which provides advanced charting tools, pattern recognition scanners and more.”

Clients trading with Spreadex are offered the use of the broker’s advanced, proprietary browser-based trading platform that is feature-rich. The platform provides a range of features which includes:

• No download required – trade from any browser.
• Access both Spread Betting and CFD trading products.
• Trade directly via charts.
• Automated Pro Trend Lines and Pattern Recognition scanner.
• Price history of 10+ years.
• Fully customisable settings and layouts.
• Macro data is available from charts.

Traders are also some advanced order functionality in the form of guaranteed stop-loss orders, one-click trading options and price tolerance threshold features. Users can also set price alerts.

A screenshot of the Spreadex trading platform is shown below and the platform is covered in more detail in the video review.

Mobile Trading Platforms

“Spreadex offers its own advanced, proprietary trading platform for mobile via an iPhone App, an iPad App and an Android App.”

Clients of Spreadex are offered the ability to trade on the move via mobile using the broker’s iPhone App, iPad App and Android App which are available for download via the broker’s website or through the relevant Apple App Store or Google Play Store.

The mobile app offers most of the same advanced functionality as the browser-based web and desktop version. For example, users can still access advanced charting with the ability to trade via charts, access a wide range of technical indicators and view historical prices over the past 10 years.

The Spreadex mobile trading app is covered in more detail in the video review.

Trading Features

“Trading features beyond Spreadex’s advanced trading platform are limited, however, the platform allows for guaranteed stop-loss orders, options trading on some markets, and the ability to trade out-of-hours pricing on some shares and other features not common with other platforms.”

Spreadex does not offer any additional trading features beyond its advanced, proprietary trading platform. The broker does offer the ability for options trading on some markets, the ability to trade out-of-hours pricing on some shares and guaranteed stop losses on other markets which are charged at a premium and covered in the next section.

Commissions & Spreads

“Trading costs with Spreadex vary depending on the market being traded. However, the broker offers commission-free trading on Spread Bets and non-Equity CFDs, with costs built into the spread and overnight funding rates.”

Trading costs with Spreadex vary depending on the market being traded. However, the broker offers commission-free trading on Spread Bets and non-Equity CFDs, with costs built into the spread and overnight funding rates. Fortunately, the broker provides spread information on their website for each individual market as shown below:

Spreadex Forex Trading

Spreadex provides a detailed description of Forex trading with them by including trading hours and spread costs, as shown below, with low spreads on EURUSD from 0.6 points and 0.9 points for GBPUSD.

The broker also details the guaranteed stop premium for each individual currency pair, as well as the overnight funding charge and margin requirements, as shown below:

Spreadex Indices Trading

Spreadex provides a detailed description of trading Indices with them by including trading hours, spread costs, expiry dates, overnight funding rates, margin requirements and guaranteed stop premiums, as shown below, with the spread on the UK 100 from just 1 point.

Spreadex Commodities Trading

Spreadex provides a detailed description of trading Commodities with them by including trading hours, spread costs, expiry dates, overnight funding rates, margin requirements and guaranteed stop premiums, as shown below, with gold spreads from just 0.4 pips.

Spreadex Equity Trading via Spread Betting

Trading shares with Spreadex via Spread Betting is commission-free with costs built into the spread and overnight funding. The spread values and overnight funding rates vary depending on the share being traded. However, users can search for their chosen market on the broker’s website which provides a detailed overview of the spread and daily funding charges, as shown in the example of Facebook below:

Spreadex Equity Trading via CFDs

Trading shares with Spreadex via CFDs involves commission, spreads and overnight funding costs which all vary depending on the instrument being traded. Users can search for their chosen market on the broker’s website which provides a detailed overview of the CFD commission, spread and daily funding charges.

For example, the commission for trading Facebook CFDs is 0.15% (7.5 pts maximum).

Bonus & Promotions

“Due to regulatory restrictions. Spreadex does not currently offer any bonus or promotional offers.”

Due to regulatory restrictions. Spreadex does not currently offer any bonus or promotional offers.

Customer Support

“Spreadex offers customer support 8am – 5.30pm, 7 days a week via Live Chat, Phone and Email. Users can also contact the financial trading desk 24 hours a day.”

Spreadex offers customer support 8am – 5.30pm, 7 days a week and their financial trading room 24 hours a day with limited hours on the weekend as well. Users can contact support easily via Live Chat, Phone and Email in English.

After testing the Live Chat function, we were greeted by an agent within seconds who answered our question promptly, as shown below:

• Live Chat (link can be found on the website)
• Address: Freepost RRRS-GTBG-HGZB, Spreadex Ltd, Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU
• Phone:
  • Customer Service: 01727 895 000
  • Financial Trading Room: 01727 895 151
• Email:
  • Customer Service: info@spreadex.com
  • Financial Trading Room: fins@spreadex.com
• Social:
  • https://www.facebook.com/Spreadex/
  • https://twitter.com/Spreadexfins
  • https://www.linkedin.com/company/spreadex/
  • https://www.youtube.com/user/spreadexvideos

Research

“Spreadex offers trader research on its News & Analysis page which includes a Daily Market Update, Weekly Trading Update and an Economic Diary.”

Spreadex offers trader research on its News & Analysis page which includes a Daily Market Update, Weekly Trading Update and an Economic Diary. This can also be accessed from the Spreadex trading platform and covers a wide range of analysts on different markets. The articles are brief and mainly text-based but have a useful economic diary as shown below:

Trader Education

“Spreadex offers some trader education content through a Video Training Centre covering the features of their trading platform, as well as some Technical Analysis and Chart Analysis articles in the Analysis section.”

Spreadex offers some trader education content covering a variety of topics. The broker’s Video Training Centre covers information on how to use their trading platform features such as how to find prices, how to open a trade, view price alerts and more.

The broker also offers some brief articles covering Candlestick Pattern Recognition, Chart Patterns and Chart Analysis. An example of the broker’s technical analysis chart pattern article is shown below, describing a head and shoulders pattern:

Trading Experience

“Spreadex offers a simple and transparent offering to trade on more than 10,000+ financial instruments covering a wide range of markets on its own, advanced trading platform with useful features such as guaranteed stop orders and in-built pattern recognition tools.”

From our observations, Spreadex provides a simple and transparent offering suitable for both beginner and advanced traders. Users can access both Spread Betting and CFD products from just one account and trade on a variety of instruments including Shares, Indices, Forex, Commodities, Bonds, ETFs and Options. The shares offered are from more than 15+ countries and users can access AIM stocks as well.

Trading costs and commissions are clear with commission-free trading available on Spread Bets and non-Equity CFDs. The broker also provides clear examples of how they calculate overnight funding rates and margins. Both beginner and advanced traders may enjoy the guaranteed stop-loss order service, although this is charged at a premium.

The broker also provides its own feature-rich, web-based trading platform which is simple to use and comes with a very wide selection of trading indicators and tools, as well as access to pattern recognition tools and scanners.

FAQ

Is Spreadex regulated?

Yes, by the UK Financial Conduct Authority.

Where is Spreadex based?

Spreadex registered address is Freepost RRRS-GTBG-HGZB, Spreadex Ltd, Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU.

How does Spreadex make money?

Spreadex makes money through spreads, swaps and commissions on certain tradable asset classes.

How do I deposit in Spreadex account?

Funds can be deposited into a trading account via bank wire transfer, debit/credit card or cheque.

What is the min. deposit for Spreadex?

There is no minimum deposit to open a trading account.

How do I withdraw money from Spreadex?

Withdrawals can be made from Spreadex via bank wire transfer or debit/credit card.

What is the max leverage in Spreadex?

The maximum leverage offered by Spreadex is 30:1 for retail clients in line with ESMA regulations.

How do I open an account with Spreadex?

An account can be opened at the click of a button on the Spreadex website and can be done in just a few steps.

Does Spreadex use MetaTrader?

No.

Conclusion

“Spreadex is regulated by the UK Financial Conduct Authority (FCA), offering more than 10,000+ tradable instruments covering Indices, Shares, Forex, Commodities, Bonds, Interest Rates, ETFs, Options, AIM Shares and Speed Markets on their own unique, feature-rich proprietary trading platform for Web, Android and iOS.”

Spreadex is an award-winning broker and was founded in 1999, providing strong investor protections from its authorisation and regulation from the UK Financial Conduct Authority (FCA).

The broker offers Spread Betting and CFD trading products on more than 10,000+ financial instruments covering Indices, Shares, Forex, Commodities, Bonds, Interest Rates, ETFs, Options and Speed Markets and is also a specialist in providing AIM stock shares to trade on. Users can even spread bet on sports.

Users can trade from Spreadex’s own, feature-rich, proprietary trading platform for web and mobile which is simple to use and offers a fully customisable setup, advanced charting tools with pattern recognition features, price alerts and advanced orders. The broker was awarded the ‘Best for Efficiency of Taking Trades’ in the Investment Trends UK leveraged trading awards.

The broker also provides access to market analysis through the Spreadex Market Update, Financial Trading Blog and Economic Diary. Users can also watch a large selection of Trading Video’s for the broker’s platform, as well as access customer support 8am – 5.30pm via Live Chat, Phone and Email and 24 hours support for the financial trading team.

• FCA regulated.
• 10,000+ financial instruments to trade on.
• Commission-free trading available on Spread Bets and non-Equity CFDs.
• Simple to use, feature-rich, web-based trading platform.