SpreadEx Review 2025

SpreadEx review
SpreadEx Awards

SpreadEx have won numerious industry awards over the 25 years they have been operating as a financial broker. We have listed the most notable awards and mentions for SpreadEx below.

• Best Spread Betting Provider - City of London Wealth Management Awards - 2016
• 2018
• 2020
• Best Customer Service - Investment Trends Report - 2013
• 2014
• 2015
• 2017
• Best Spread Betting Provider - COLWMA Awards - 2020
• Best Mobile Trading Platform - ADVFN Awards - 2020
• Best Trading Alerts System - ADVFN Awards - 2020
• Best Spread Betting Provider - GMG Awards - 2019

SpreadEx review
SpreadEx Fees Explained

• SpreadEx doesn't charge withdrawal fees.
• SpreadEx does not charge a fee for inactive accounts.
• SpreadEx doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from SpreadEx are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

SpreadEx Costs To Check

Modern brokers like SpreadEx provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, SpreadEx may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall SpreadEx trading profitability.

How SpreadEx Fees Compare Against Other Brokers

SpreadEx Minimum Deposit

SpreadEx does not require a minimum deposit when opening an SpreadEx trading account.

In the trading world, brokers like SpreadEx, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

SpreadEx Withdrawal Fees

SpreadEx doesn't charge withdrawal fees.

SpreadEx Withdrawal rules may vary across different brokers when it comes to transferring funds from your SpreadEx or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with SpreadEx may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the SpreadEx withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from SpreadEx. Researching and comparing SpreadEx withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing SpreadEx funds frequently or dealing with large sums of money. Awareness of these SpreadEx fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your SpreadEx funds.

For example, SpreadEx allows you to withdraw your funds to Debit Cards, Credit Cards, VISA, MasterCard, Switch, Maestro, Direct Debit, Cheque, Direct Bank Transfer, Apple Pay, Google Pay.

SpreadEx Inactivity Fees

SpreadEx does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by SpreadEx terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all SpreadEx fees and services. It's recommended that you check the SpreadEx website before signing up. If you decide to close your SpreadEx account, it's important to do so with the SpreadEx broker customer support and obtain confirmation that no remaining SpreadEx fees are due.

Brokers like SpreadEx must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

SpreadEx Deposit Fees

SpreadEx does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

SpreadEx Commission Fees

SpreadEx does not charge commission on CFD instruments.

Brokerage firms like SpreadEx may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the SpreadEx trading account level held by the trader.

SpreadEx may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing SpreadEx terms and conditions to understand the commission fees and any other charges that may apply is essential.

SpreadEx review
Trading on SpreadEx web platforms and other applications

SpreadEx provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

SpreadEx also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See SpreadEx's platforms

Is the SpreadEx Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the SpreadEx trading platform to protect you on PC and mobile SpreadEx platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using SpreadEx web trading platforms.

SpreadEx Trading Platform Options

SpreadEx does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

SpreadEx offers its custom trading platform developed and tested in-house. The SpreadEx trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The SpreadEx platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With SpreadEx, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the SpreadEx platform, including news and quotes. Discover possible trades with the strong charting tools found with SpreadEx. SpreadEx is available as downloadable applications or online through the cloud. Monitor your orders with SpreadEx and receive breaking news in your positions.

SpreadEx Trading benefits

• SpreadEx Allows scalping
• SpreadEx Allows hedging
• SpreadEx Low min deposit
• SpreadEx Offers Negative Balance Protection

SpreadEx Trading Accounts Offered

Below we give an overview of the account types that SpreadEx offer. Whatever you are looking to trade, the varying SpreadEx account types will be able to provide you with what you need.

• SpreadEx Demo account
• SpreadEx Standard account

Can I try SpreadEx?

SpreadEx provides a demo account that enables individuals to explore trading before investing their funds. By creating a SpreadEx practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the SpreadEx demo account can help individuals to make informed decisions before investing their money.

Open a demo SpreadEx account to practice and trade.

Losses can exceed deposits

SpreadEx withdrawal and funding methods

It's essential to remember that the payment methods provided by SpreadEx vary based on the SpreadEx entity and the SpreadEx client's country of residence. To view the SpreadEx payment options available, you can log into your SpreadEx member's area.

SpreadEx offers various funding payment methods listed in your SpreadEx dashboard if available in your region. To learn more about the SpreadEx funding and withdrawal options available in your area, you can explore the SpreadEx website.

SpreadEx provides several payment methods for funding your SpreadEx account. You may utilize any of these deposit options if they are available in your region. SpreadEx ensures that users have multiple payment methods to choose from, making it more convenient for verified SpreadEx account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the SpreadEx user's location. learn more about SpreadEx funding and withdrawal methods.

SpreadEx Payment Methods

Some SpreadEx payment methods are local and are available only to specific regions. SpreadEx account holders should check which payment methods are provided in your region.

• SpreadEx accepts Debit Cards
• SpreadEx accepts Credit Cards
• SpreadEx accepts VISA
• SpreadEx accepts MasterCard
• SpreadEx accepts Switch
• SpreadEx accepts Maestro
• SpreadEx accepts Direct Debit
• SpreadEx accepts Cheque
• SpreadEx accepts Direct Bank Transfer
• SpreadEx accepts Apple Pay
• SpreadEx accepts Google Pay

How can I start trading with SpreadEx?

To open a trading account with SpreadEx, individuals can sign up on the SpreadEx website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for SpreadEx account validation and making a deposit. Once completed, SpreadEx users can download the trading platform of their choice.

It's important to note that SpreadEx requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps SpreadEx maintain a trustworthy financial environment for its 60,000 users. Detailed information on the SpreadEx trading platforms is available on their website.

Losses can exceed deposits

Performing trades with SpreadEx

When using SpreadEx, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. SpreadEx have a max trade of Variable.

SpreadEx, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like SpreadEx can be useful for traders starting or with limited capital.

Like other brokers, SpreadEx margin requirements can differ depending on the traded instrument.

SpreadEx offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about SpreadEx, and see all of the SpreadEx account features on the official SpreadEx website.

CFD Trading on SpreadEx

We will show you an example of the basics of using SpreadEx leverage.

CFD trading on SpreadEx allows traders to speculate on the price movements of various financial instruments against the broker SpreadEx, without actually owning real assets. With CFDs, SpreadEx traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

SpreadEx provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, SpreadEx leverage profits and losses are magnified when trading. For instance, using CFDs, you use the SpreadEx trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, SpreadEx leverage magnifies both profits and losses in trading.

Trading CFD trades on the SpreadEx platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced SpreadEx traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Limiting Your Risk When Trading with SpreadEx Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like SpreadEx. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a SpreadEx trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, SpreadEx trading losses are always limited to the current balance of funds in the trader's account.

Even if an SpreadEx trader experiences a significant loss, they will never owe more money than what is available in their SpreadEx account balance.

It's important for SpreadEx traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that SpreadEx losses are limited to the funds available in your SpreadEx account when negative balance protection is in place.

Limit Risk When Trading with SpreadEx Stop Loss, SpreadEx Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as SpreadEx . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for SpreadEx traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an SpreadEx trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide SpreadEx traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with SpreadEx, you must actively monitor your live trading portfolio and financial exposure on SpreadEx.

Education Resources at SpreadEx

SpreadEx offer educational resources which include Market Analysis, Blogs, Educational Videos, Education Hub. Please bear in mind that these resources provided by SpreadEx do not guarantee any results when trading. When we checked on the SpreadEx website, these educational resources were not available in every language. Also some financial instruments mentioned in any SpreadEx educational resources may not be available in your region.

To trade effectively with SpreadEx, it's important to have a good understanding of the SpreadEx trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with SpreadEx and externally.

SpreadEx . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with SpreadEx. Familiarizing yourself with the SpreadEx trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using SpreadEx. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with SpreadEx involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like SpreadEx, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with SpreadEx. Explore the SpreadEx platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with SpreadEx, before live trading.

Customer Support at SpreadEx

As part of our SpreadEx review, we review customer service options, response times and problem resolution effectiveness on the SpreadEx trading platform. The SpreadEx trading platform supports a limited number of languages which includes English.

SpreadEx Available Support Types

SpreadEx have a double AA grade support rating because SpreadEx offer live chat and email support in multiple languages.

Livechat Support at SpreadEx

Our experience with the SpreadEx live chat was positive. We received a response within 30 seconds of sending a message through their app and website. Overall, great live chat support from SpreadEx.

We tested communicating with SpreadEx customer support in multiple languages and countries. SpreadEx made an effort to resolve the issues we had.

Email Support at SpreadEx

Our experience with SpreadEx email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at SpreadEx

Our experience with SpreadEx phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with SpreadEx.

See how SpreadEx Support Compares Against Other Brokers

What you will need to open an account with SpreadEx

As SpreadEx is regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835).

As a new client of SpreadEx, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with SpreadEx in your region. During the SpreadEx account opening process, you will be asked to provide SpreadEx with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with SpreadEx have the following documents available.

• SpreadEx require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for SpreadEx compliance. This must be dated within the last six months.
• If you plan to fund your SpreadEx account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the SpreadEx platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under SpreadEx Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring SpreadEx's platform.

However, remember that you won't be able to make trades on SpreadEx until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the SpreadEx KYC compliance process as soon as possible to avoid any delays in accessing the SpreadEx platform's features.

It is important to note that SpreadEx may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the SpreadEx platform and features immediately. However, you must pass the verification process to start live trading with SpreadEx, which can take up to a few business days.

To start the process of opening an account with SpreadEx you can visit the SpreadEx trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.spreadex.com/ on November 18, 2024.

Watch this SpreadEx Explainer Video

SpreadEx review written by Andrew Blumer and Mark Hansen