SpreadEx Review for 2019

SpreadEx Rated 4/5

SpreadEx Introduction

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

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of SpreadEx we break down the pros and cons. What SpreadEx are able to offer, what countries SpreadEx are available in. Who SpreadEx are regulated by and more.

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.

Open SpreadEx's Website

Losses can exceed deposits

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

With this 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 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 20 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 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.

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.

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.

What we like

  • Used by over 10,000 traders
  • Established in 1999
  • Regulated by Financial Conduct Authority
  • Min. deposit from $1

What we don't like

SpreadEx General Fees

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

SpreadEx Commissions

  • SpreadEx doesn't charge commission on CFD shares

What can you trade with SpreadEx?

You can trade a wide variety of instruments with SpreadEx over 15,000 instruments infact.

If you are looking at trading currency pairs SpreadEx offer over 55 currency pairs.

Compare SpreadEx with Plus500 and XTB below.

Losses can exceed deposits

FX / Currencies SpreadEx Plus500 XTB
# of forex pairs offered 55 100 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs SpreadEx Plus500 XTB
# of commodities offered 16 17 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs SpreadEx Plus500 XTB
# of Stocks offered 1000 1816 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
SpreadEx's
Instruments
Plus500's
Instruments
XTB's
Instruments

Trading on SpreadEx web platforms and other applications

SpreadEx offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers 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

SpreadEx Trading benefits :

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

SpreadEx Trading Accounts offered:

  • 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

What funding methods do SpreadEx accept?

SpreadEx offer the below funding payment methods. learn more about SpreadEx

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer

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.

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 trader, accounts and instruments.

Support at SpreadEx

SpreadEx support a limited number including English

SpreadEx have a double AA grade support rating because SpreadEx offer live chat and email support and less than three languages.

What you will need to open an account with SpreadEx

As SpreadEx is regulated by Financial Conduct Authority, 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:

  • 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 10 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 their website 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 12th August 2018.

SPREADEX Frequently Asked Questions

Can I try SpreadEx before I buy?

SpreadEx offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do SpreadEx accept?

SpreadEx offer the below funding payment methods accept Credit cards, Bank Transfers, Skrill, Payoneer, among other payment methods.
Learn more here

Losses can exceed deposits

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. 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.