Spreadex Alternatives: Pros, Cons, And How It Stacks Up for 2024
This alternatives to Spreadex guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Spreadex to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Spreadex like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their customers. If you feel that Spreadex is not quite right for you then it would be worth getting a demo account with a few of the top Spreadex alternatives and check if they are a better fit for you before moving any money around.
The most complete review of Spreadex alternatives on the web
There are many reasons Spreadex may not be a good fit for you. Whatever reason you are looking for a new Spreadex alternative or Spreadex competitor with similar services, comparebrokers.org try to give you as much useful information so you can make an informed decision. Below you will find the best Spreadex alternatives.
For each of our alternative to Spreadex, we also highlight the key differences to Spreadex and for each platform feature show you the best alternatives. For each Spreadex alternative online trading platform shown we also have detailed broker reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with Spreadex, we can show you some great alternative online trading platformsbrokers|online trading platforms|brokerages.
Having a professional and dependable broker is vital to your trading success. All of the Spreadex alternative platforms listed in this Spreadex alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
Spreadex has a minimum desposit of $0, you can see how the minimum deposit requirements of Spreadex compare with the minimum deposit requirements of Spreadex competitors. Online brokers have lower minimum deposits to get users to test them out, but having higher a minimum deposit isn’t always a bad thing, it all comes down to your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Spreadex |
$0 | |
| freetrade |
$0 | |
| ThinkMarkets |
$0 | |
| XTB |
$0 | |
| Robinhood |
$0 |
Alternatives Offering Demo Accounts
Spreadex offers virtual portfolio accounts so you can test your trading strategies before risking any real money. New traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before risking a live account.
Below we list some of the best alternatives to Spreadex that have virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Spreadex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Spreadex doesn't offer negative balance protection. If your balance is negative, Spreadex suggests that you promptly contact client services. Then you can fix any imbalances in your own account.
Below we detail some of the best alternatives to Spreadex that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Spreadex |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Spreadex provide a guaranteed Stop Loss facility.
If there's absolutely no free margin left together with the customer, Spreadex will cease your own positions. When the losses in the ceased out position exceeds your account balance, you might experience a negative account balance.
Below we show some of the top Spreadex alternatives that has guaranteed stop loss available for their customers.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Spreadex |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
No, the stipulations of Spreadex don't allow scalping. It's a trading technique which isn't allowed on the agent's platform. You must consult with Spreadex's terms and conditions to see more about its policies.
Below we show some of the top alternatives to Spreadex that allow scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Spreadex |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The terms and conditions of Spreadex do not allow hedging. It is a trading technique that isn't allowed on the agent's platform. You have to consult with Spreadex's terms and conditions to read more about its policies.
Below we detail some of the best alternatives to Spreadex that allow hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Spreadex |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Spreadex offers social trading which encompasses leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we detail some of the top Spreadex alternatives that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Spreadex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Spreadex's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of social trading.
Below we show some of the best Spreadex alternatives that offer copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Spreadex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Spreadex To All Other Brokers