Spreadex Review: Pros & Cons | 2023 Update
This Spreadex review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about Spreadex to give you the most comprehensive guide available.
Spreadex is a professional trading partner that was founded in 1999. They have around 88 staff that help the company provide , to 10,000+ clients through Web Trader, Tablet & Mobile apps.
Spreadex Guide – Read our In-Depth Spreadex Review
Spreadex Rating: 7.49 / 10
This Spreadex review page contains information about investing with Spreadex. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of Spreadex does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This Spreadex review contains the latest information surrounding Spreadex.
If you're a new entrant in the realm of trading online and brokerages, so many details will no doubt be confusing for you. Getting into the area of online trading requires expert analytical skills and thorough understanding. You'll acquire proficient at all of the concepts of trading online and brokerages as you continue trading. For starters, you need to choose the right broker who will always be transparent with you.
In the fast-paced world of financial markets and online trading, you will need guidance to make educated decisions. A professionally lead investment partner could help you in minimising any losses and maximising any profits. Spreadex is just one such broker which will help you. It is important that you understand all you can about any broker until you trust them with your cash.
When engaging in online trading with platforms such as Spreadex, it's crucial to meticulously examine Spreadex as your broker, as this choice can determine your success. Selecting the right broker is vital for your Spreadex investments to prosper. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and methodical in your Spreadex broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of Spreadex, its track record, and reputation is vital. Moreover, ensure the Spreadex broker's offerings, trading tools, fees, and regulation align with your requirements.
Remember, Spreadex should be a supportive ally on your trading journey.
Our team has worked diligently to simplify the intricate world of trading with Spreadex into easily understandable information in this Spreadex review. Our goal is to equip you with the knowledge necessary to confidently use Spreadex trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with Spreadex are the cornerstone of successful trading. As such, we've provided this in-depth Spreadex review. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about Spreadex and how it can work to your advantage, or if Spreadex might not be the right fit for you.
Spreadex Guide for 2023 – Quick Summary
| Spreadex Telephone: | +44 01727 895 000 |
| Spreadex Support Email: | info@spreadex.com |
| Spreadex Address: | Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU |
| Year Founded: | 1999 |
| Regulated By: | Financial Conduct Authority (FCA), registration number 190941 |
| Hedquarters: | UK |
| Minimum Deposit: | $0 |
| Number Of Clients: | 10,000+ Spreadex users and traders |
| Spreadex TrustPilot: | https://uk.trustpilot.com/review/www.spreadex.com |
| Spreadex LinkedIn: | https://www.linkedin.com/company/spreadex/ |
| Spreadex Facebook: | https://www.facebook.com/Spreadex/ |
| Spreadex Facebook Likes: | 1,501 |
| Spreadex Twitter: | @spreadexfins |
| Spreadex Twitter Followers: | 2,537 |
| Spreadex Instagram: | https://www.instagram.com/spreadexfinancials/ |
| Spreadex Instagram Followers: | 110 |
| Spreadex Youtube: | https://www.youtube.com/user/spreadexvideos |
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 55% of retail investors lose money when trading spread bets and CFDs with this provider. |
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Our full Spreadex review for beginners covers all you need to know about trading via Spreadex. A fantastic broker can use your first investments and help to protect it from losses but also give you a platform that can help to give you positive profits. If you want to make profits, you should trade with a broker service that aligns with your investment objectives.
Of course, there's absolutely no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It is a frequent misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
Spreadex is a trading partner that has paved its way successfully into the brokerage world. Within this review, we have tried to collate some of the vital facets of Spreadex. This guide will allow you to learn whether Spreadex is a great fit for your investments or not. We've attempted to breakdown all of the features and charges for your convenience.
Who are Spreadex?
Spreadex is a forex broker headquartered in UK and provides a variety of instruments for trading. Since its inception in 1999 they have emerged as a top player in the industry of online trading. Spreadex has an extremely reputable and full-featured trading website that is focused on currency, indices, metals, stocks , commodities.
Over the past 24 years, Spreadex has developed into one of the top online brokers available to the public.
After being founded in 1999, their client base has increased to 10,000+ clients.
Spreadex is a favourite of many stock dealers . Our Spreadex account review discovered that they're a professional solution for online trading options. They're best suited for investors who are looking for a variety of assets. Social and easy to use trading solutions are the core at Spreadex.
Technology plays a significant role at Spreadex. They offers trading on Web Trader, Tablet & Mobile apps. Spreadex is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), registration number 190941. Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
Who Founded Spreadex?
The founders of Spreadex are Jonathan Hufford
The creators of Spreadex are known for their expertise in the sphere of online trading. However, there are a lot of other key employees at Spreadex who have a significant contribution to it's success.
The trader resource section at Spreadex is very comprehensive for new dealers as it permits them to have a closer look in the financial markets. Spreadex caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
Spreadex Review Videos
Benefits of trading with Spreadex in 2023
Trading with Spreadex comes with many benefits. These benefits are what sets Spreadex apart from all other online agents. You should check all of the advantages listed so that you have a better understanding of Spreadex.
The broker goes to great lengths to understand what dealers want. Consequently, the service, fast, and convenient. The agent also provides a variety of programs for all types of traders. Spreadex ensures that the individual needs of all online traders are met to the best of their ability.
Spreadex also features excellent trading conditions which are available to all and not just an elite class of institutional customers. The tight spreads and fast executions are a fantastic benefit for all traders. The technology adopted by Spreadex is of the highest caliber, making sure that it's fast, dependable, and efficient.
Spreadex admits the importance of owning a fast order execution. A quick execution enables users to trade without fretting about slippage safely. It will also help the traders to catch any opportunities.
Copy trading is another major facet of Spreadex. A new dealer can learn from business experts using the automatic copy trading option. This means you can see well performing traders and instantly copy their trades and benefit from their expertise
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. Spreadex's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading
Spreadex has over 15,000 trading instruments to support all types of traders. These instruments are lively and convenient for both new and experienced traders. All traders can put aside all their concerns when trading with Spreadex.
Spreadex Overview
Year Founded: 1999
Regulated By: Financial Conduct Authority (FCA), registration number 190941
Hedquarters: UK
Minimum Deposit: $0
Number Of Clients: 10,000+
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 55% of retail investors lose money when trading spread bets and CFDs with this provider.
If you feel that Spreadex is not right for you then at the bottom of this Spreadex review you will find a lot of alternatives to Spreadex.
Everything you should know about trading with Spreadex
Spreadex is a dynamic platform that provides various techniques of trading. These tools cover the financial markets substantially. Most of the broker platforms offer fewer procedures than Spreadex
If you would like to exchange with Spreadex, you'll require a minimum deposit of $0. This deposit is required if you want to begin trading using Spreadex. This 2023 Spreadex review will guide you safely about trading with them.
Spreadex is as versatile as another broker platform. Spreadex is excellent for traders who want a manageable assortment of cheap services. The platforms supplied by Spreadex are third party, white-label offerings. All traders can select from Web Trader, Tablet & Mobile apps
Together with everything, Spreadex has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction must be kept open. The agents offer premium customer service which rewards customers with advantages.
Many unethical brokers try to pressurise users into bigger financing for premium services. Spreadex, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more advantages will come along.
Spreadex accounts are available globally and provides excellent service everywhere they have clients. There are some select few countries where Spreadex accounts are not available. Traders in the following countries cannot open or use a Spreadex account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Spreadex Safe To Trade With In 2023?
Launched in 1999, Spreadex has been in operation for 24 years, they are headquarted in UK
Spreadex is regulated by Financial Conduct Authority (FCA), registration number 190941. These figures have rules that make sure that trading platforms have ploicies in place to keep investor's assets secured. This means that Spreadex users don't need to be worried about their money as it is segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You can make use of an option for Two Factor Authentications (2FA) with Spreadex for heightened security. An SMS with the verification code will be sent to your mobile phone. You will be required to enter this code to log into your account.
Another concern with fiscal brokers is in regards to security might be manipulation of trading. This is highly disadvantageous for consumers on those platforms. Nonetheless, this is much more widespread in the case of Market Maker agents who compete with users on the stage.
Spreadex Risk Disclaimer
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 55% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit. The Spreadex site is intended for those persons of 18 years or older
The information on the Spreadex website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any law or regulatory requirement.
Pro's & Con's Of Trading With Spreadex
Every online trading platform has some pros and cons Spreadex review would be complete without having a balanced approach. This Spreadex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Spreadex Pro's
Spreadex is highly rated by us.
Spreadex is regulated by Financial Conduct Authority (FCA), registration number 190941.
Spreadex has been trading for 24 years.
Spreadex offers customer support over the phone.
Spreadex provides customer support over email.
Spreadex gives access to customer support over livechat.
Spreadex is an award winning broker.
Spreadex offers guaranteed stop loss.
Spreadex has a low minimum deposit requirement.
Spreadex doesn't charge withdrawal fees.
Spreadex doesn't charge inactivity fees.
You can trade Cryptocurrencies with Spreadex.
Spreadex offers social trading.
Spreadex offers copy trading.
Spreadex allows commodity trading.
You can trade metals with Spreadex.
You can trade energies with Spreadex.
Spreadex Con's
Spreadex doesn't offer negative balance protection. Spreadex doesn't allow scalping. Spreadex doesn't allow hedging.Compare Brokers Similar To Spreadex
Regulation And Licencing In More Detail
Spreadex is regulated by Financial Conduct Authority (FCA), registration number 190941.
Spreadex, as a company, has a strong set of rules for ensuring honest trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Spreadex Awards
Spreadex have won a lot of industry awards over the years they have been operating as a financial broker. We show the most notable awards for Spreadex here.
- In 2016 Spreadex was awarded Best Spread Betting Firm.
- In 2018 Spreadex was awarded Best Spread Betting Firm.
- In 2020 Spreadex was awarded Best Spread Betting Firm.
Spreadex Trading Platforms
Spreadex are a reputable broker that has been trading for over 24 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any good broker and compare Spreadex against freetrade, and easyMarkets.
Spreadex MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with Spreadex in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. Spreadex MetaTrader 4 is compatible with the latest macOS. Spreadex allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and Spreadex
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With Spreadex MetaTrader 4 On iOS Devices
You can download the Spreadex app or also trade with Spreadex through the MetaTrader 4 application on the Apple app store.
Download the Spreadex MetaTrader 4 Program free of charge from Apple's App Store. Spreadex customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With Spreadex MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. Spreadex provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Spreadex MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you need to begin on Spreadex is $0. This is a decent amount for those just starting out. You can create more complex deposits as you go along. However, ensure that you know how to make the most of your money before investing larger sums.
Commission And Fees Explained
Spreadex is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 types of fees for this objective.
The first kind of charges to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In such cases, you're paying a spread, funding rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your accounts. They are billed for things like depositing money, not investing for lengthy periods, or withdrawals.
Generally, Spreadex doesn't charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, such as daily or weekly trading.
But, non-trading fees billed by Spreadex are comparatively greater. As a result, you are billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This Spreadex review breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees Of Spreadex
Spreadex Withdrawal Fees Explained
Spreadex doesn't charge withdrawal fees.Withdrawal of money is possible at any time from your Spreadex account. You can draw up sums to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don't always need to have any money on your accounts.
In addition, the withdrawn money will be transferred directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash will be sent into the cardSpreadex will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are opting to draw in.
Spreadex Inactivity Fees Explained
Spreadex doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees are indicated by Spreadex, it is better for you to close the account if you are inactive. Inactivity fees aren't only charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is exposed to many conditions and needs to be disclosed clearly by the broker beforehand.
Spreadex Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this operation.
Spreadex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Spreadex trading platform is simple. You just need to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll have to give an identity proof and proof of residency to deposit substantial amounts.
Compare Spreadex Vs Other Broker Deposit Methods
What Can You Trade With Spreadex in 2023?
Note: Spreadex offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will differ based on the country of residence of the client.
Spreadex has a wide variety of over 15,000 instruments available for you to trade with.
If trading currency pairs is of interest to you then Spreadex offer over 55 forex pairs.
Compare Spreadex, freetrade & easyMarkets below.
Spreadex Trading App Review
Note: Spreadex's mobile app has a lot of functionality and is being constantly developed. The below information was accurate at the time of writing this Spreadex broker review.
Understand the capabilities of the mobile apps of Spreadex, freetrade & easyMarkets below.
Trading Education Available At Spreadex
Understand the trading resources available with Spreadex, freetrade & easyMarkets below.
Spreadex Customer Support
As part of our Spreadex broker review we examined the customer service options, response times and on the Spreadex trading platform problem resolution effectiveness. Spreadex supports various languages including English
Spreadex Live Chat Support
We tested the live chat on Spreadex and it works well. We sent messages to Spreadex livechat via their app and web site and got a reply in less than 20 seconds. Sometimes , there was no response.
We tested communicating with Spreadex support in multiple languages and in various countries. Spreadex were capable of resolving our customers' issues.
Spreadex Phone Support
We called Spreadex and the call was responded to very quickly. The call was answered in less than 5-10 minutes.
The Spreadex phone support team were able to effectively address our questions and concerns via phone. We tested the multilingual Spreadex team by calling in varying languages. Spreadex made an effort to ensure our queries were answered.
Overall, the phone support from Spreadex was okay.
Spreadex Email Support
We sent several emails to Spreadex and the response times were all good. The fastest email response from Spreadex was 5 hours while the most slow response was 8 days! Sometimes , there wasn't a response. Support response times can vary depending on what is needed from Spreadex, but this was our experience sending 10 emails at varying times.
The team solved and responded to our questions. The overall average of email support provided by Spreadex was good.
Alternatives To Spreadex
If, after studying this Spreadex review, they don't quite meet your requirements check out these Spreadex alternatives.
We have scoured the internet to find the best alternatives to Spreadex. Click the links below to find out more.
Frequently Asked Questions
Can I try Spreadex before I buy?
Absolutely! you can most definitely try Spreadex before you buy. Spreadex provides demo accounts for the convenience of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demonstration account on Spreadex, you will set out using a decent amount of virtual money. It's to establish a sense of safety and confidence in you before you decide to spend your own money.
With a virtual Spreadexdemo account, you are able to experiment at all, to whatever period you wish. You might even start positions, test different trading strategies, and much more.
Spreadex shows on its official website how you are able to exchange real time stocks with your demo account.
Is Spreadex safe?
You can drop all of your worries because we believe that Spreadex is completely safe to use. It's in compliance with all the rules of Financial Conduct Authority (FCA), registration number 190941.
Fortunately, Spreadex provides assured stop-loss protection.
Why does Spreadex ask for my passport?
The reason that Spreadex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Spreadex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Spreadex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Spreadex?
The process to start trading with Spreadex is super simple. You need to begin by signing up on the Spreadex website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Spreadex are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Spreadex is $0. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with Spreadex.
The best way to kickstart your trading career with Spreadex is to open a demo account facility before risking any real money
What funding methods do Spreadex accept?
There are multiple methods to finance your account with Spreadex. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to bear in mind that PayPal isn't available in all country. The currencies Spreadex accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, even though it takes about 4-7 days.
Is my money safe with Spreadex?
Yes, your cash is safe and secure with Spreadex. As you already know, Spreadex operates with good conformation to regulations. It's established lots of measures to protect all of its investors.
Spreadex safeguards its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can enable Two-Step Verification also. It requires an SMS confirmation that you access your accounts.
Is Spreadex trading good?
Yes, trading via Spreadex is a nice and decent experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. Moreover, you could also obtain access to a huge collection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries do Spreadex support?
Spreadex operates around the globe. However, due to regulations Spreadex doesn't accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Spreadex legit?
Spreadex is a legit company headquarted in UK since 1999. They are regulated by Financial Conduct Authority (FCA), registration number 190941. Spreadex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Spreadex a good broker?
Spreadex is a great broker, and its own users may vouch for this. The highlight of the platform is its quick order execution on transactions.
You'll discover the clean design of this platform and the admirable features that are pleasant to work with.
Is Spreadex a trustworthy broker?
Yes, Spreadex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the Spreadex TrustPilot page
What is the minimum deposit for Spreadex?
The minimum deposit to open a live account with Spreadex is $0
How long do Spreadex withdrawals take?
Normally, withdrawal of money from Spreadex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Spreadex to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is Spreadex regulated?
Spreadex are regulated by Financial Conduct Authority (FCA), registration number 190941
Is Spreadex a market leading broker?
Spreadex is indisputably among the industry leaders. It has over 10,000+ registered customers and over 24 years of expertise on its own record. They are among the world's top trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide range of resources plus tools so that you can invest in capital markets.
Is Spreadex a con?
No, Spreadex is not a con. They are regulated by Financial Conduct Authority (FCA), registration number 190941 and must adhere to their rules. Thus, it is safe to say that Spreadex is not a scam.
Can you make money with Spreadex?
Through Spreadex, many traders earn a lot of money. However, just like all online trading platforms, it is important to note that traders can also lose money. In particular, Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 55% of retail investors lose money when trading spread bets and CFDs with this provider.
This can look like a small number, but over the entire year, this adds to a significant number of gains. While Spreadex supply you all the tools to make money, they cannot guarantee you will gain.
Does Spreadex have fees?
Yes. To begin trading with Spreadex, you have to deposit $0. Particular commissions while trading also apply. Any processing fees from your bank will have to be incurred by you.
When was Spreadex founded?
Spreadex was founded in 1999 in UK. Spreadex is regulated by Financial Conduct Authority (FCA), registration number 190941.
How many people use Spreadex?
Spreadex is a worldwide recognised broker with 10,000+ clients.
Where is the Spreadex head office?
Spreadex has its head office in UK
Does Spreadex offer negative balance protection?
No. Spreadex does not offer negative balance protection. If your balance is negative, Spreadex suggests that you promptly contact customer services. For this, you are able to fix any imbalances in your own account.
Does Spreadex offer guaranteed stop loss?
Yes, Spreadex offer a guaranteed Stop Loss order.
If there is no free margin left with the client, Spreadex will stop your own positions. When the losses in the stopped out location exceeds your account balance, you may experience a negative account balance.
Does Spreadex allow scalping?
No, the stipulations of Spreadex don't condone scalping. It's a trading technique which isn't permitted on the agent's platform. You can consult with Spreadex's terms and conditions to see more about its own policies.
Does Spreadex allow hedging?
No, unfortunately Spreadex does not allow hedging.
Can you trade energies with Spreadex?
Yes, you can trade energy stocks with Spreadex
Can you trade agricultural shares with Spreadex?
Yes, you can trade agricultural stocks with Spreadex
Can you trade cryptocurrency with Spreadex?
Yes, you can trade cryptocurrency with Spreadex
Can you trade metals with Spreadex?
Yes, you can trade metals with Spreadex
Can you trade UK Shares with Spreadex?
Yes, you can trade UK shares with Spreadex
Can you trade US Shares with Spreadex?
Yes, you can trade US shares with Spreadex
Can you trade Japanese Shares with Spreadex?
Yes, you can trade Japanese shares with Spreadex
Can you trade German Shares with Spreadex?
Yes, you can trade German shares with Spreadex
Does Spreadex accept bank transfers?
Yes, Spreadex accepts bank transfers for depositing money.
Does Spreadex accept credit cards?
Yes, Spreadex accepts credit cards for depositing money.
Does Spreadex accept PayPal?
No, Spreadex does not accept PayPal.
Does Spreadex accept Skrill?
Yes, Spreadex accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001. It offers a range of online payment and money transfer services.
Since its inception, Skrill has expanded to operate in over 120 countries, with its digital wallet that is available in 40 different currencies. Customers can upload money to their Skrill wallet through a variety of payment options , including cards, bank transfers and a variety of other payment options. The money can be used to pay merchants, other Skrill customers, or converted into cryptocurrency.
Skrill also provides cross-border payment through its remittance service Skrill Money Transfer. The service enables customers to transfer funds to a bank account overseas with their bank card. It was in the year 2015 that Skrill has been acquired by Paysafe Group along with former competitors Neteller and prepaid payment provider paysafecard.
Skrill has several licenses that allow it to provide its services throughout Europe and globally. Skrill is run through Paysafe Payment Solutions Limited, which is a company that is registered in Ireland and regulated by the Central Bank of Ireland, for its European controlled activities. Skrill's activities outside of Europe are managed by European Economic Area are operated by Skrill Limited - a company incorporated inside the United Kingdom and regulated by the Financial Conduct Authority.
Does Spreadex accept Payoneer?
Yes, Spreadex accepts Payoneer for depositing money.
Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. This company is a specialist in cross-border B2B transactions. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Payoneer is used by companies like Airbnb, Google, Amazon and Upwork to send large-scale payouts all over the globe. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply.
Does Spreadex accept Neteller?
No, Spreadex does not accept Neteller.
Does Spreadex offer Live Chat customer support?
Yes, Spreadex offers customer support through live chat.
Does Spreadex offer phone customer support?
Yes, Spreadex offers customer support over the telephone.
Does Spreadex offer email customer support?
Yes, Spreadex offers customer support through email.
What languages can Spreadex communicate in?
Spreadex has the ability to communicate and support customers who speak: English
Does Spreadex have a wikipedia page?
Yes, Spreadex does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/Spreadex
Does Spreadex offer demo accounts?
Yes, Spreadex offers demo accounts so you can test your trading strategies before risking any real money. Newbie traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the features before getting a live account.
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