SpreadEx Rated 4/5

SpreadEx Guide - Read our In Depth 2021 SpreadEx Review

This SpreadEx review was written by industry experts with over 20 years of financial experience in Forex, CFDs, and spread betting.
The content in this SpreadEx review does not apply to US users.

Benefits of Trading with SpreadEx

SpreadEx Review 2021 Quick Summary
💰 Min Deposit 1
👱‍♂️ Used By 10,000 SpreadEx users and traders
📆 Founded 1999
🌍 HQ UK
👮‍♂️ Regulation Financial Conduct Authority (FCA)
🚫 Excluded Countries SpreadEx is not available in the following countries : US

Open SpreadEx's Website

Losses can exceed deposits


learn more Learn more about SpreadEx.
Losses can exceed deposits

What is SpreadEx?

SpreadEx are a global online financial trading platform and multi asset broker founded in 1999

Over 22 years later SpreadEx has grown to offering retail investors Forex trading, CFDs trading, and and spread betting trading.

SpreadEx are a global broker. SpreadEx have a head office in UK.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this SpreadEx review and assess how well the SpreadEx platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like SpreadEx can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of SpreadEx we breakdown the pros and cons. What SpreadEx are able to offer, what countries SpreadEx are available in. Who SpreadEx are regulated by and more.

SpreadEx Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this SpreadEx review useful.

This review of the SpreadEx platform is very detailed. If you are interested in trading with SpreadEx in any capacity please take the time to read and research the whole SpreadEx review.

We have tried to explain the ins and outs of financial trading through the SpreadEx platform as plainly as possible so that you the trader are as informed as possible before you start to use the SpreadEx trading tools and depositing and withdrawing funds from SpreadEx.

SpreadEx are reputable enough to have a wikipedia page link. Wikipedia content is highly moderated for accuracy. It is very hard to get a Wikipedia page.
Open SpreadEx's Wikipedia page

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with SpreadEx like Forex trading, CFDs trading, and and spread betting trading. you should have confidence in SpreadEx and know that the management of your financial investments on the SpreadEx platform are in good hands.

At the bottom of this SpreadEx review you can also learn about some pretty good alternatives to SpreadEx

With this SpreadEx review we hope to help you see if SpreadEx is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding SpreadEx that will help you get off to a good start in the world of online trading.

SpreadEx Review Table of Contents

SpreadEx review
SpreadEx is a Multi-Assets Trading Platform with over 15000+ Assets

Learn more about SpreadEx. SpreadEx is a multi asset platform with 15000+ tradable Assets. Assets available on SpreadEx include Forex, CFDs, and spread betting.

SpreadEx trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs, and spread betting are considered financial assets.

Features of SpreadEx

SpreadEx review
What you should know

SpreadEx offer three ways to trade: Forex, CFDs, and spread betting.

With SpreadEx you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with SpreadEx platform.

SpreadEx are able to accommodate various levels of traders whether you are experienced or a beginner.

Are SpreadEx safe?

When choosing a broker like SpreadEx the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1999, and in operation for 22 years SpreadEx have a head office in UK.

SpreadEx is regulated. This means SpreadEx are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to SpreadEx, this will be honored. If SpreadEx violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with SpreadEx?

Any payments funded to SpreadEx accounts by traders are held in a segregated bank account.

For added security SpreadEx use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should SpreadEx use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in SpreadEx deposited in a Tier 1 bank?

Having any money you deposit with SpreadEx means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if SpreadEx goes out of business for some reason.

Therefore, we can safely conclude that SpreadEx is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs, and spread betting is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. SpreadEx also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding SpreadEx. let us look at the SpreadEx features in more detail.

Try creating two accounts when you are working with SpreadEx. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit SpreadEx

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How SpreadEx as a Company Compare Against Other Brokers

Broker SpreadEx eToro XTB IC Markets
Year Established 1999 2007 2002 2007
Head Office UK Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ SpreadEx users 20,000,000+ eToro users 250,000+ XTB users 180,000+ IC Markets users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit SpreadEx Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 67% of retail investor accounts lose money when trading CFDs with this provider. 77% 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. Losses can exceed deposits

SpreadEx review
SpreadEx Pros and Cons

What we like about SpreadEx

  • Used by over 10,000 SpreadEx users and traders
  • Established in 1999
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $1

What we don't like about SpreadEx

SpreadEx review
SpreadEx Regulation and Licensing in more detail

We have checked and SpreadEx is regulated and supervised by reputable organisations. You are able to check every SpreadEx supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with SpreadEx. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect SpreadEx traders and provide a safe trading environment. Financial regulation and license approval is essential.

SpreadEx is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as SpreadEx you should be sure they're legitimate online agent.

Is SpreadEx Global?

Yes, SpreadEx is global as SpreadEx is available in over 193 countries.

SpreadEx is a global trading platform in the sense that it operates in 193 nations including nations in Europe, Asia, Oceania, and Africa. Major countries SpreadEx covers include the UK, Germany, Australia, South Africa, Thailand, and China. As per its Wikipedia page, SpreadEx has a total of more than 10,000 users. Commendable figures from SpreadEx.

SpreadEx review
SpreadEx Awards

SpreadEx have won numerious industry awards over the 22 years they have been operating as a financial broker. We list the most notible awards and mentions for SpreadEx below.

  • Wealth and Financial International Winner Best Spread Betting Provider 2016
  • City of London Wealth Management Awards Best Spread Betting Provider 2016 Winner
  • Investment Trends Best Spread Betting Firm for Customer Service award 4 years in a row winner from 2011

SpreadEx review
SpreadEx Fees Explained

  • SpreadEx withdrawal fees varies on payment method
  • SpreadEx does not charge a fee for inactive accounts.
  • SpreadEx doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How SpreadEx Fees Compare Against Other Brokers

Broker SpreadEx eToro XTB IC Markets
Min Deposit 1 200 0 200
Withdrawal Fees 0, minimum £50 Yes varies No
Inactivity Fees No Yes Yes No
Deposit Fees No No No Varies
CFD Commission Fees No Yes Yes Yes

SpreadEx Minimum Deposit

SpreadEx require a minimum desposit of 1 GBP/USD when opening an SpreadEx trading account.

A minimum deposit is the minimum amount of money required by SpreadEx to open a new online brokerage account with them.

Dont be scared off by brokers like SpreadEx charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

SpreadEx Withdrawal Fees

SpreadEx withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

SpreadEx for example allow you to withdraw your funds to Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer.

SpreadEx Inactivity Fees

SpreadEx does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

SpreadEx Desposit Fees

SpreadEx does not charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

SpreadEx Commission Fees

SpreadEx does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

SpreadEx review
What can you trade with SpreadEx?

Be aware that Different entities under SpreadEx Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with SpreadEx over 15000 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets SpreadEx offer over 55 currency pairs.

Compare SpreadEx with eToro and XTB below.

Losses can exceed deposits

How SpreadEx Trading Options Compare Against Other Brokers

Broker SpreadEx eToro XTB IC Markets
Instruments Available 15000 2000 4000 232
Platforms Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies        
Forex pairs offered 55 50 57 65
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 16 31 21 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 1000 2042 1696 110
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit SpreadEx
Losses can exceed deposits
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit XTB
77% 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.
Visit IC Markets
Losses can exceed deposits

SpreadEx review
Trading on SpreadEx web platforms and other applications

SpreadEx offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

SpreadEx also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See SpreadEx's platforms

Is the SpreadEx Trading Platform Secure?

SpreadEx safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. SpreadEx also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating SpreadEx.

SpreadEx Trading Platform Options

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

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

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

With SpreadEx you can look for and 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

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss

SpreadEx Trading Accounts Offered

Below we give an overview on 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.

  • Demo account
  • Standard account

Can I try SpreadEx before I buy?

SpreadEx offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

SpreadEx withdrawal and funding methods

Please note that the list of SpreadEx payment methods below depend on the SpreadEx Entity and the Clients Country of Residence.

All available SpreadEx payment methods available to you can be found in your SpreadEx members area checked on the SpreadEx website.

SpreadEx offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about SpreadEx

SpreadEx Payment Methods

  • SpreadEx accepts Credit cards
  • SpreadEx accepts VISA
  • SpreadEx accepts Switch
  • SpreadEx accepts Maestro
  • SpreadEx accepts Debit cards
  • SpreadEx accepts Bank Transfer
  • SpreadEx accepts Payoneer
Broker SpreadEx eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes No
Neteller No Yes Yes Yes

*please note available SpreadEx and other broker payment methods depend on the clients country of residence.

How can I start trading with SpreadEx?

When opening a trading account with SpreadEx, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on SpreadEx trading platforms here. You will need to provide some basic documentation to prove your identity as part of SpreadEx onboarding and normal KYC identity checks. These checks are standard practice and help SpreadEx provide a safe financial environment for their 10,000 users.

Losses can exceed deposits

Performing trades with SpreadEx

SpreadEx allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. SpreadEx allow you to execute a maxium trade of Variable.

As a market maker, SpreadEx may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

CFD Trading on SpreadEx

let's take a look at some of the basics of using SpreadEx leverage.

SpreadEx offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

SpreadEx leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the SpreadEx trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The SpreadEx leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

SpreadEx CFDs are typically used for short to medium term trades. For example SpreadEx intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

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

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

A stop-loss order is an order placed with a broker like SpreadEx to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at SpreadEx

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

SpreadEx offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with SpreadEx.

Take time to look around the SpreadEx platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at SpreadEx

As part of our SpreadEx review we review customer service options, response times and SpreadEx trading platform problem resolution effectiveness.SpreadEx support a limited number including English.

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

Livechat Support at SpreadEx

SpreadEx does not offer LiveChat Support.

Email Support at SpreadEx

We sent several emails to SpreadEx and answer times overall were excellent. The fastest response from SpreadEx was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with SpreadEx, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from SpreadEx.

Phone Support at SpreadEx

We called SpreadEx and the call was answered very quickly. The call was answered in less than 5 minutes.

The SpreadEx phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual SpreadEx team by calling in varying languages. SpreadEx made an effort to make sure our queries were answered.

Overall great phone support from SpreadEx.

See how SpreadEx Support Compares Against Other Brokers

Broker SpreadEx eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English English, German, Spanish, French, Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit SpreadEx Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 67% of retail investor accounts lose money when trading CFDs with this provider. 77% 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. Losses can exceed deposits

What you will need to open an account with SpreadEx

As SpreadEx is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under SpreadEx Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore SpreadEx's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with SpreadEx you can visit the SpreadEx trading platform here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.spreadex.com/ on July 22, 2021.

Watch this SpreadEx Explainer Video

Is SpreadEx A Good Broker?

We spent over 3 months examining SpreadEx in depth. Although SpreadEx are not perfect we found many really useful aspects with the overall offering from SpreadEx. Our personal experience of trading with SpreadEx was very good. Weighing up many points SpreadEx is a good broker.

  • SpreadEx have a good track record of offering Forex, CFDs, and spread betting.
  • SpreadEx has a history of over 22 years.
  • SpreadEx has a reasonable sized customer support of at least 10.
  • SpreadEx are regulated by Financial Conduct Authority (FCA). This means SpreadEx fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • SpreadEx have regulation from a Tier 1 reputable country.
  • SpreadEx has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • SpreadEx have an international presence in multiple countries. This includes local SpreadEx seminars and training.
  • SpreadEx are able to hire people from various locations in the world who can better communicate in your local language.

SpreadEx Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

SpreadEx not quite right?

If after reading this SpreadEx review, SpreadEx does not fulfill your needs check out these SpreadEx Alternatives.

Click here to view the best SpreadEx Alternatives

We have spent years researching the best alternatives to SpreadEx. Click the links below to learn more.

If you feel some of the above SpreadEx are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of SpreadEx alternatives below.

Related SpreadEx Vs Comparisons

We have covered allot in this SpreadEx review, If you want to see how SpreadEx compares side by side with other brokers check out our SpreadEx Vs pages.

If you would like to see how SpreadEx stands up against other brokers you can read some of our SpreadEx comparisons below. We compare side by side some of our top rated SpreadEx versus comparisons. Read our indepth SpreadEx VS pages below.

SpreadEx review
SPREADEX Frequently Asked Questions

Read our detailed SpreadEx FAQ Section updated for 2021.

Can I try SpreadEx before I buy?

SpreadEx offer a demo account so you can try the SpreadEx platform with virtual trading before you put down a payment. Virtual trading with SpreadEx is zero risk. Learn more here

What funding methods do SpreadEx accept?

Please note that the list of payment methods below depend on the SpreadEx Entity and the Clients Country of Residence.

SpreadEx offer the following funding payment methods Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer, among other payment methods.
Learn more here

Losses can exceed deposits

Is SpreadEx safe?

SpreadEx are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to SpreadEx accounts by traders are held in a segregated bank account. For added security SpreadEx use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Losses can exceed deposits

Is SpreadEx trading good?

SpreadEx is considered good and reputable to trade with SpreadEx. SpreadEx is used by over 10,000 active traders and SpreadEx users. SpreadEx offers Forex trading, CFDs trading, and and spread betting trading. Minimum deposit with SpreadEx is 1.

Is SpreadEx trading Legit?

SpreadEx was founded in UK in 1999. SpreadEx has been facilitating trade on the financial markets for over 22 years. SpreadEx offers clients Forex trading, CFDs trading, and and spread betting trading. All funds deposited to SpreadEx are held in segregated tier 1 bank accounts for security. SpreadEx is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is SpreadEx a good broker?

SpreadEx is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. SpreadEx allows Forex trading, CFDs trading, and and spread betting trading.

Is SpreadEx trustworthy broker?

SpreadEx can be considered trustworthy. All money funded to SpreadEx is placed into a segregated tier 1 bank account. this means your money in not held by SpreadEx directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also SpreadEx is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for SpreadEx?

The minimum deposit to trade with SpreadEx is 1.

How long do SpreadEx withdrawals take?

Withdrawing money from SpreadEx processing time varies but averages 2-5 days.

Is SpreadEx regulated?

SpreadEx is regulated by Financial Conduct Authority (FCA). Regulatory bodies conduct regular reviews and audits as part of SpreadEx maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is SpreadEx a market maker?

SpreadEx is a market maker. Stocks, currency and other commodities and instruments will be purchased by SpreadEx even if no buyer is lined up.

How can I start trading with SpreadEx?

When opening a trading account with SpreadEx, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on SpreadEx trading platforms here.

Is my money safe with SpreadEx?

SpreadEx is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like SpreadEx is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to SpreadEx, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is SpreadEx a con?

SpreadEx is regulated and well established having been in business for over 22 years. SpreadEx is definitely not a con.

Can you make money with SpreadEx?

Although traders have had great success with SpreadEx. Trading on the financial markets with SpreadEx is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does SpreadEx have fees?

SpreadEx withdrawal fees varies on payment method.SpreadEx doesn't charge inactivity fees. SpreadEx doesn't charge deposit fees.

When was SpreadEx founded?

SpreadEx was founded in 1999.

How many people use SpreadEx?

SpreadEx is used by over 10,000 registered SpreadEx users.

What is SpreadEx Headquarters country?

SpreadEx has its head quarters office in UK.

Does SpreadEx offer negative balance protection?

SpreadEx does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does SpreadEx offer guaranteed stop loss?

SpreadEx offers guaranteed stop loss protection. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does SpreadEx allow scalping?

SpreadEx offers scalping.

Does SpreadEx allow hedging?

SpreadEx offers hedging.

Does SpreadEx offer CFD trading?

SpreadEx offers CFD trading.

Does SpreadEx offer STP?

SpreadEx does not offer STP trading.

How many people use SpreadEx?

SpreadEx is used by over 10000 SpreadEx users and traders.

Is SpreadEx an ECN broker?

SpreadEx does not offer ECN trading.

Does SpreadEx offer a demo account?

SpreadEx offers a demo account.

Does SpreadEx offer an Islamic account?

SpreadEx does not offer Islamic accounts.

What are the funding methods for SpreadEx?

Please note that funding methods and funding options available with SpreadEx can be found in the SpreadEx Members area and depend on the SpreadEx client’s country of residence. Please check your specific available payment methods on the SpreadEx website. SpreadEx accept the following funding methods : Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer.

SpreadEx review written by Andrew Blumer and Mark Hansen

We hope you found our review of the SpreadEx brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

SpreadEx review written by Mark Hansen of Comparebrokers.co