SpreadEX Review

Overall, SpreadEx can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. SpreadEx has an overall trust score of 80 out of 99. SpreadEx offers trade small cap stocks including AIM.

SpreadEx At a Glance

Overall Rating

• 4.2/5

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OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

FCA

Trading Platform

Proprietary Platform

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our SpreadEx below.

SpreadEx Review – 20 key point quick overview:

1. SpreadEx At a Glance
2. SpreadEx Overview
3. SpreadEx Safety and Security
4. SpreadEx Sign-Up Bonus
5. SpreadEx Minimum Deposit
6. SpreadEx Demo Account
7. SpreadEx Leverage
8. SpreadEx Accounts
9. SpreadEx Market instruments
10. SpreadEx Fees, Spreads & Commissions
11. SpreadEx Deposit and withdrawal
12. SpreadEx Trading platforms
13. SpreadEx Best Countries by Trader
14. SpreadEx Current Popularity Trend
15. SpreadEx vs Exness vs XM – a Comparison
16. SpreadEx Customer Reviews
17. SpreadEx Pro and cons
18. SpreadEx Conclusion
19. SpreadEx Disclaimer
20. Frequently Asked Questions

SpreadEx Overview

According to research in South Africa SpreadEx is a financial online trading platform.

SPREADEX was established in 1999 as a financial trading service with online spread betting and launched first online sports betting service in 2006, followed by the trading platform.

Its head office was in Bedfordshire but moved to Hertfordshire in 2008.

The company’s clients can access more than 10 000 global markets including indices, shares, Forex (also with Bitcoin), commodities, bonds, options, ETFs and interest rates.

SpreadEx Safety and Security

One of the best benchmarks to measure the safety of a broker like SpreadEx is to establish which regulating authorities are watchdogs over its actions.

SpreadEx is based in the UK and is licensed by the Financial Conduct Authority (FCA, complying with the necessary regulatory requirements. One of the requirements is to enable every client to participate in the FSCS Scheme that compensates up to £50 000 in the unlikely event of the company insolvency.

Clients’ funds are kept segregated from the company’s operating capital and they use advanced encryption technologies and other security protocols.

SpreadEx Sign-Up Bonus

SpreadEx does offer new traders a bonus when traders open an account for the first time also known as a welcome bonus when signing up.

Although SpreadEx might be different from any other betting platform, new traders who register a real account will receive a sign-up bonus, a deposit bonus, or a welcome bonus of 300 EUR / R 4800 ZAR

SpreadEx Leverage

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

SPREADEX offers a maximum leverage ratio of 1:30 for major currency pairs and lowers for other instruments, in line with FCA and ESMA guidelines.

Professionals can access higher leverage ratios of up to 500:1 under certain conditions if their status is confirmed.

SpreadEx Accounts

A forex account at SpreadEx is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

SpreadEx does not offer a demo account and offers only one account for both financials and sports.

How to open an account

1.  Step 1 – Register an account

Navigate to the SpreadEx website home page and select “Create an account”

2.  Step 2 – Complete registration information

Complete all personal information requested and select register.

3.  Step 3 – Verification

The trader will receive a verification email that they would need to select to verify their account.

SpreadEx Market instruments

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a significant role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

Cryptocurrencies

Bitcoin (BTC) is the digital currency with the largest market capitalization.

Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.

SPREADEX offers the following of the above: CFD, Forex, Crypto, Stocks, and Spread betting.

Traders can speculate on over 50 FX pairs and have access to over 15 000 instruments, including options, shares, interest rates, bonds, ETFs, commodities, such as oil and cryptocurrency such as Bitcoin.

SpreadEx Fees, Spreads & Commissions

Cost depends on different factors, like spread and margins, and SPREADEX clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. The margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

SPREADEX offers SPREADEX to make their money by charging a fee from the spread on the EUR/USD from 0.6 pips.

SpreadEx Deposit and withdrawal

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.

A SpreadEx account can be run on a pay-as-you-go basis, by funding the account by credit or debit cards, direct bank transfer or cheque. The basis currencies are GBP, USD or EUR.

A SpreadEx account requires no minimum deposit, but you should check the margin requirements for the instrument you want to trade.

SpreadEx withdrawals must be a minimum of £50 and can be done only onto the card that was used to deposit funds.

Spandex does not charge for making payments using UK cards, yet, a 2% administration fee for all credit card payments is applicable, along with a 2.5% flat fee on all card transactions that are not in sterling.

SpreadEx Trading platforms

The forex trading platform provided by SpreadExto its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

SpreadEx provides its own fully-customizable proprietary platform as web or mobile application versions.

From their accounts SpreadEx traders get access to spread bets and CFDs with advanced charting tools, award-winning execution, price alerts and watch lists.

You can download the SpreadEx trading platform or you can use it as a web-based browser.

SpreadEx Best Countries by Trader

SpreadEx Current Popularity Trend

According to Google Trends, here is an overview of how frequently the search term – “SpreadEx” is entered into Google’s search engine over a given period of time.

SpreadEx vs Exness vs XM – a Comparison

SpreadEx  Customer Reviews

Excellent service

Highly recommend it, never had any issues always fast and reliable.

Easy to use and very efficient

Easy to use and very efficient, with a great range of markets!

Excellent Company

Excellent Company. It is a desirable and right place for anyone who enjoys financial trading.

SpreadEx Pro and cons

SpreadEx Conclusion

Overall, SpreadEx can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. SpreadEx has an overall trust score of 80 out of 99. SpreadEx offers trade small cap stocks including AIM.

SpreadEx is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, and superior service delivery, and helping investors reach their objectives. It caters to all types of traders with different levels of experience.

SpreadEx has a good range of financial instruments and markets, there is no need to open different accounts, and its proprietary platform is powerful and packed with tools and capabilities.

Clients from other countries apart from the United Kingdom should first check the trading possibility according to their country of residence as it may vary.

Overall Rating

• 4.2/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

FCA

Trading Platform

Proprietary Platform

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

SpreadEx Disclaimer

SpreadEx warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with SpreadEx Geographic Trading, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

SpreadEx warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence SpreadEx cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

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Frequently Asked Questions

Is SpreadEx a fake or scam broker?

SpreadEx is not considered a fake or scam broker. It has a long, good track record (since 1999) and adheres to regulaton by the top-tier UK FCA.

What type of platform is Spreadex?

Spreadex is a CFD platform and traders should know that CFD’s are complex instruments with the risk of losing a lot of money if you trade on it wrongly.

Does SpreadEx offer CFDs on cryptocurrencies?

Yes, SpreadEx is one of the few brokers who offer cfds on crypto

Is SpreadEx a recommended broker for beginners?

SpreadEx is better suited for experienced traders who understand how CFDs operate.

What is the recommended minimum deposit for SpreadEx?

SpreadEx does not have a minimum deposit requirement.