SpreadEx Rated 4/5

SpreadEx Guide - Read our In Depth 2024 SpreadEx Review

This detailed SpreadEx review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex, CFDs, and spread betting.
*This content does not apply to US users.

Learn more about SpreadEx.

Benefits of Trading with SpreadEx

SpreadEx Review 2024 Quick Summary
๐Ÿ’ฐ Min Deposit 1
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 SpreadEx users and traders
๐Ÿ“† Founded 1999
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA)
๐Ÿšซ Excluded Countries SpreadEx is not available in the following countries : US

Open SpreadEx's Website

Losses can exceed deposits

Learn more about SpreadEx.
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Losses can exceed deposits

What is SpreadEx?

SpreadEx are a worldwide financial trading platform and broker. founded in 1999

Over 25 years later SpreadEx now serves over 10,000 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, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this SpreadEx review and assess how well the SpreadEx platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like SpreadEx. Choosing or shortlisting a trading platform like SpreadEx can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like SpreadEx.

As a result, selecting the right trading platform like SpreadEx requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like SpreadEx available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like SpreadEx requires thorough due diligence and careful consideration. Some SpreadEx trading features can be complex when trading on mobile or using the SpreadEx online trading platform. Beginners and inexperienced traders must take the time to learn how to use the SpreadEx trading tools properly. In our review of SpreadEx we explain the pros and cons. What SpreadEx offer, countries SpreadEx are available in. Who SpreadEx are regulated by and more.

SpreadEx Review Screenshot

When it comes to online trading with brokers like SpreadEx, carefully review SpreadEx as your broker can make or break your success. Choosing the right broker is essential to ensure your SpreadEx investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your SpreadEx review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of SpreadEx. You must also ensure the SpreadEx broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, SpreadEx needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with SpreadEx into easily digestible information in this SpreadEx review. We want to ensure you have all the knowledge necessary to use the SpreadEx trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with SpreadEx are the key to successful trading, so we've provided this detailed SpreadEx review. So, take a seat, grab a cup of coffee, and dive in to learn about SpreadEx and how it can benefit you or if SpreadEx is not for you.

The fact that SpreadEx has a Wikipedia page is a testament to its reputation and credibility in online trading. It's worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to SpreadEx speaks to its legitimacy and significance.

Creating a SpreadEx Wikipedia page is challenging, as it requires meeting strict criteria and providing accurate, verifiable information regarding SpreadEx. Wikipedia must include reliable sources that support the SpreadEx content on the page.

If you want to learn more about SpreadEx and its history, its Wikipedia page is an excellent resource. You can find valuable information about the SpreadEx founders, services, and industry reputation. Open the SpreadEx Wikipedia page.

Online investing with SpreadEx can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with SpreadEx, evaluating the SpreadEx platform is important. Evaluation includes researching the SpreadEx management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with SpreadEx. That's why it's essential to understand the SpreadEx company policies and practices before making any investment decisions. By doing your due diligence and understanding SpreadEx platform, you can make informed investment choices that align with your financial goals. So take the time to research SpreadEx thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this SpreadEx review you need to determine if SpreadEx is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to SpreadEx, so you can make a more informed decision and compare other brokers against SpreadEx.

If you want to look at some SpreadEx alternatives that might better fit your needs, we list and compare some of the best SpreadEx alternatives further down this SpreadEx review.

Trading online with SpreadEx requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the SpreadEx trading tools and features. You must know what you are doing when trading with SpreadEx. That's why we've compiled this detailed SpreadEx review with some important information that will hopefully make you more informed when online trading with SpreadEx.

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. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, CFDs, and spread betting are considered financial assets.

Features of SpreadEx

  • Virtual Portfolio, or what is commonly known as a Demo Account
  • One Click Trading with SpreadEx
  • StopLoss
  • Trailing Stops
  • TakeProfit Orders
  • SpreadEx offers Advanced Financial Chart comparison tools
  • SpreadEx offers Research-backed analysis on financial markets and investments from top analysts
  • The SpreadEx platform is available to use on multiple devices including iOS devices like iPhones and iPads, Android devices and online through a Web Browser.
  • SpreadEx offers a trading platform with tools for both New Traders and Seasoned Experts
  • SpreadEx users benefit from using the SpreadEx platform in over 1 different languages

SpreadEx review
What you should know

SpreadEx offer three ways to trade: Forex, CFDs, and spread betting. The assets and products available to you on the SpreadEx trading platform depends on the region of the world, you are in and the SpreadEx entity you have an account.

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 considering SpreadEx for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as SpreadEx, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 1999, and in operation for 25 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.

SpreadEx withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like SpreadEx are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. SpreadEx are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of SpreadEx and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. SpreadEx has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, SpreadEx will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like SpreadEx, you can enjoy peace of mind and focus on your trading activities. If SpreadEx violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with SpreadEx?

All payments made to SpreadEx by traders are securely held in a segregated bank account.

SpreadEx uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

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

SpreadEx partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their SpreadEx clients' funds.

SpreadEx clients can have greater confidence in their financial security when working with a Tier 1 bank because SpreadEx are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

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

Depositing funds with SpreadEx ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if SpreadEx were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that SpreadEx is a secure and safe platform.

Please be aware that trading in financial assets with SpreadEx carries a risk of loss. SpreadEx trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs, and spread betting due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

SpreadEx emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about SpreadEx, let's closely examine its features.

To better understand the SpreadEx trading platform, you can create two separate accounts - one with real money and the other a SpreadEx demo account. A SpreadEx demo account provides a risk-free environment for experimenting with the SpreadEx platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in SpreadEx trading decisions.

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 IC Markets Roboforex eToro
Year Established 1999 2007 2009 2007
Head Office UK Australia Belize Cyprus, UK
Regulation Financial Conduct Authority (FCA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ SpreadEx users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit SpreadEx Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

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

SpreadEx is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of SpreadEx going into insolvency. SpreadEx compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like SpreadEx to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for SpreadEx traders.

SpreadEx is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like 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 countries including nations in Africa, Asia, Oceania, and Europe. Major countries SpreadEx covers include the UK, Germany, South Africa, Thailand, China and Australia. 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 25 years they have been operating as a financial broker. We have listed the most notable 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. 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

Broker SpreadEx IC Markets Roboforex eToro
Min Deposit 1 200 10 100
Withdrawal Fees 0, minimum £50 No Yes Yes
Inactivity Fees No No No Yes
Deposit Fees No Varies No No
CFD Commission Fees No Yes No Yes

SpreadEx Minimum Deposit

SpreadEx requires a minimum deposit of 1 GBP/USD/EUR 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.

Don't be scared off by brokers like SpreadEx charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

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

The fees for withdrawing funds from your SpreadEx account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your SpreadEx withdrawal request is important.

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 Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer.

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
What can you trade with SpreadEx?

It's essential to note that the trading instruments offered under the SpreadEx brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the SpreadEx trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, SpreadEx offer over 55 currency pairs.

SpreadEx Compared To Other Brokers

Compare SpreadEx with IC Markets and Roboforex below.

Losses can exceed deposits

How SpreadEx Trading Options Compare Against Other Brokers

Broker SpreadEx IC Markets Roboforex eToro
Instruments Available 15000 2250 100 5000
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 55 61 35 50
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 No Yes
Commodity CFDs        
Commodities Offered 16 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 1000 2100 0 2042
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 IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider.

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 Guaranteed stop loss
  • 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 Credit cards
  • SpreadEx accepts VISA
  • SpreadEx accepts Switch
  • SpreadEx accepts Maestro
  • SpreadEx accepts Debit cards
  • SpreadEx accepts Bank Transfer
  • SpreadEx accepts Payoneer
Broker SpreadEx IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer Yes No 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?

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 10,000 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

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

Broker SpreadEx IC Markets Roboforex eToro
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Languages English English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit SpreadEx Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with SpreadEx

As SpreadEx is regulated by Financial Conduct Authority (FCA).

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 May 21, 2024.

Watch this SpreadEx Explainer Video

Is SpreadEx A Good Broker?

We have spent over 5 years 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 25 years.
  • SpreadEx has a reasonable sized customer support of at least 10.
  • SpreadEx are regulated by the Financial Conduct Authority (FCA). SpreadEx is subject to strict regulatory oversight from its respective jurisdiction, which holds SpreadEx (the broker) accountable for misconduct. This regulatory framework helps ensure that SpreadEx operates fairly and transparently and provides SpreadEx customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and SpreadEx.
  • SpreadEx have regulation from reputable regulators.
  • One of the advantages of using SpreadEx is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from SpreadEx are particularly important as SpreadEx traders want to receive their money quickly. With the efficient SpreadEx payment processing system, traders can enjoy faster access to their SpreadEx funds.
  • SpreadEx have an international presence in multiple countries. Including local SpreadEx seminars and training.
  • SpreadEx can 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 such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

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.

After extensive research over several years, we have compiled a list of the most effective SpreadEx alternatives available today. If you are unsatisfied with SpreadEx or want to explore other options, we recommend checking out our carefully curated list of highly-rated SpreadEx alternatives. Follow the links below to learn more about these SpreadEx broker alternatives and choose the one that best suits your trading needs.

Related SpreadEx Vs Comparisons

Throughout our comprehensive SpreadEx review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing SpreadEx against other popular brokers in the industry, check out our SpreadEx Vs pages. Our team has compiled a series of detailed SpreadEx comparison articles, pitting the SpreadEx platform against some of the best-rated SpreadEx competitors in the market. Dive into our informative SpreadEx Vs pages below to find out how SpreadEx stacks up against other leading brokers.

SpreadEx review
SPREADEX Frequently Asked Questions

Read our detailed SpreadEx FAQ Section updated for 2024.

Can I try SpreadEx?

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 depends on the SpreadEx Entity and the client's 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 have over 10,000 users. SpreadEx are considered reliable 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 bank's financial health and strength.Trading with SpreadEx is risky, and because the market is so volatile, losses could happen at any time. Do not invest with SpreadEx unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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 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 25 years. SpreadEx offers clients Forex trading, CFDs trading, and and spread betting trading. All funds deposited to SpreadEx are held in segregated bank accounts for security. SpreadEx is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is SpreadEx a good broker?

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

Is SpreadEx trustworthy broker?

SpreadEx is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to SpreadEx, money is in a segregated bank account that is separate from SpreadEx company's funds. As a regulated broker, SpreadEx cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by SpreadEx. Instead, your SpreadEx funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with SpreadEx. Also SpreadEx is regulated in its local jurisdictions including major financial regulators like 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 depending on the method but averages 1-5 days.

Is SpreadEx regulated?

SpreadEx is regulated by the 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 brought or sold by SpreadEx even if no buyer or seller is lined up.

How can I start trading with SpreadEx?

When opening a trading account with SpreadEx, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on SpreadEx trading platforms, you can follow the link provided below: Learn more about signing up with the SpreadEx trading platform here. This will provide useful information and insights into the various trading platforms offered by SpreadEx, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with SpreadEx?

Yes your money is safe with SpreadEx.

Overall, strict financial regulation is essential for ensuring that trading platforms like SpreadEx operate fairly, transparently, and responsibly, which ultimately benefits all SpreadEx stakeholders involved.

Trading platforms like SpreadEx must have strict financial regulation for several reasons:

  • Protecting SpreadEx Investors: Strict financial regulation ensures that investors who use the SpreadEx trading platform are protected against fraudulent or unethical behavior by the SpreadEx platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the SpreadEx platform.
  • Maintaining SpreadEx Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the SpreadEx trading platform. Regulatory procedures reduce the likelihood of the SpreadEx platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing SpreadEx Transparency: Regulations require trading platforms like SpreadEx to maintain detailed records and disclose SpreadEx client information. Financial regulatory requirements enhances transparency and helps to build trust between the SpreadEx platform and its investors.

SpreadEx is regulated by the Financial Conduct Authority (FCA). When selecting a broker such as SpreadEx, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, SpreadEx ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like SpreadEx.

Is SpreadEx a con?

SpreadEx is regulated and well established, having been in business for over 25 years. SpreadEx is 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 vary 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 offers negative balance protection. With Negative balance protection, 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, the risk is managed. Traders are guaranteed 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 options available with SpreadEx can be found in the SpreadEx Members area and depend on the SpreadEx clientโ€™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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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