Spreadex Guide – Read our In-Depth Spreadex Review
This Spreadex review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Spreadex review does not apply to US users.
If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will acquire proficient at all of the concepts of broker since you continue trading. For starters, you have to choose the ideal agent who'll be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program will create hefty returns. Spreadex is one such platform which will take you and your investment to great heights. It is crucial that you know about Spreadex before you trust them with your cash.
Our entire Spreadex Review covers everything you need to know about trading using Spreadex. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you select them. It is a common misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
Spreadex is a broker which has paved its way successfully into the brokerage world. Within this review, we've tried to collate a number of the important aspects of Spreadex. This review will allow you to understand whether Spreadex is a fantastic match for your investments or not. We've attempted to breakdown all the features and charges for your convenience.
Spreadex Review, Table Of Contents
- Who are Spreadex?
- Benefits Of Trading With Spreadex
- Everything you should know about trading with Spreadex
- Is Spreadex Safe To Trade With?
- Pro's & Con's Of Trading With Spreadex?
- Compare Brokers Similar To Spreadex
- Regulation And Licencing In More Detail
- Spreadex Awards
- Minimum Deposit Required For A Live Account With Spreadex
- Spreadex Commission And Fees Explained
- Compare broker fees against Spreadex
- Spreadex Withdrawal Fees Explained
- Spreadex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Spreadex?
- Alternatives To Spreadex
- Frequently Asked Questions About Spreadex
Who are Spreadex?
Spreadex is a forex broker headquartered in UK and provides a variety of instruments for online trading. Since its beginning in 1999, Spreadex has emerged as a leading player in the industry of online broker. Spreadex includes a highly competitive and full-featured trading site that's focused on currency, indices, metals, sharesand commodities.
Over the past 22 years, Spreadex has grown into one of the leading online brokers.
After establishing in 1999, their customer base is becoming as large as 10,000+ clients.
Spreadex is a favorite for many dealers.. Our Spreadex review discovered that they're an excellent alternative for automated trading solutions. It's most appropriate for investors that are searching for a variety of assets. Social and automated trading options are the core at Spreadex.
Technology plays a significant role in Spreadex. Spreadex offers trading on Web Trader, Tablet & Mobile apps. Spreadex is fair, transparent, and also a well-regulated agent by the Financial Conduct Authority (FCA). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
The educational section at Spreadex is very enlightening for new traders since 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 almost any well-diversified approach to trading.
If you feel that Spreadex is not right for you then at the bottom of this Spreadex review you wil find a lot of alternatives to Spreadex.
What you should know about trading using Spreadex
Spreadex is a lively platform that provides various methods of trading. These instruments cover the monetary markets considerably. The Majority of the brokerage platforms provide less methods than Spreadex
If you want to exchange with Spreadex, you'll need a minimum deposit of $1. This deposit is mandatory if you wish to begin trading with Spreadex. This 2021 Spreadex review will direct you safely about trading with them.
Spreadex is as flexible as any other broker platform. Spreadex is excellent for traders who want a manageable assortment of cheap services. The programs provided by Spreadex are third party, white-label offerings. All traders may pick from Web Trader, Tablet & Mobile apps.
Together with everything, Spreadex has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade must be kept open. The brokers offer premium customer service that rewards clients with advantages.
Many unprofessional brokers try to pressurise users into bigger funding for premium services. Spreadex, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.
Spreadex accounts are available around the world and provides quality 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:
Is Spreadex Safe To Trade With?
Launched in 1999, Spreadex has been in operation for 22 years, they have a head office in UK.
Spreadex is regulated by Financial Conduct Authority (FCA). These bodies have rules that ensure that trading platforms have steps in place to keep investor's assets procured. This usually means that Spreadex users do not need to worry about their money since it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You can make use of a choice for Two Factor Authentications (2FA) with Spreadex for heightened security. An SMS for the verification code will be sent to your mobile phone. You will be asked to enter this code to log in to your account.
Another concern with financial brokers is in respect to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is more widespread in the case of Market Maker agents who compete with users on the platform.
Pro's & Con's Of Trading With Spreadex
Every online trading platform will have some ups and downs, and no 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 is trusted by 10,000+ clients
- Spreadex offers Guaranteed Stop Loss
- Spreadex doesn't charge withdrawal fees
- Spreadex doesn't charge inactivity fees
- Spreadex doesn't charge deposit fees
- Spreadex doesn't charge CFD fees
- Spreadex offer trading on Web Trader, Tablet & Mobile apps
- Spreadex offer 15,000 trading instruments
- Spreadex trades major forex pairs
- Spreadex trades minor forex pairs
- Spreadex trades exotic forex pairs
- Spreadex offers trading on cryptocurrencies
- Spreadex can communicate in English
- Spreadex does not offer Negative Balance Protection
Spreadex Review - Compare Brokers Similar To Spreadex
|Headquarters||UK||New Zealand||Cyprus||United States|
|Regulated By||Financial Conduct Authority (FCA)||Financial Services Provider (FSP)||Securities and Exchange Commission (SEC)||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Spreadex Review - Regulation And Licencing In More Detail
Spreadex is regulated by Financial Conduct Authority (FCA).
Spreadex, as a business, has a strong set of rules for ensuring honest trading on its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
Spreadex Review - Awards
- At the time of writing this Spreadex review, they had not received any awards.
Spreadex Review - Minimum Deposit Required
The minimum deposit that you need to begin on Spreadex is $1. This is a decent amount for those just beginning. You can make more complex deposits as you cooperate. But, ensure that you understand how to make the most of your money before investing larger amounts.
Spreadex Review - Commission And Fees Explained
Spreadex is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily influenced by the amount of clients they have.
However, this does not 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 three different types of penalties for this purpose.
The first kind of charges to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you are paying a spread, financing rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those that are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, Spreadex does not charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who regularly trade, for example daily or weekly trading.
But, non-trading fees billed by Spreadex are relatively higher. As a result, you're billed more for non-trading activities in your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of resources.
This Spreadex review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against Spreadex
Spreadex Review - Withdrawal Fees ExplainedSpreadex doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from the Spreadex account. It's possible to draw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't necessarily need to have any money on your accounts.
Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn money will be sent to the card. Spreadex will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you are choosing to withdraw in.
Spreadex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head while open an account with Spreadex. An inactivity fee is an amount charged to registered dealers who have not engaged in buying or selling for a while. The period considered inactive is decided by the agent.
The inactivity fee also differs from one broker to another and is not standardized. If a traders account doesn't have a purchasing or selling trade, it's maintained by the agent as an inactivity fee. The traders have to pay this commission under conditions and terms they had agreed while enrolling.
Spreadex doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are implied by Spreadex, it is best that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is subjected to many circumstances and should be disclosed clearly by the broker beforehand.
Spreadex Review - Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be charged 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 money on the Spreadex trading platform is simple. You simply have to complete a single-user profile survey to start depositing money into your trading account. You will have to provide an identity evidence and proof of residency to deposit large amounts.
Spreadex Review - Compare Broker Deposit Methods
What Can You trade With Spreadex?
Note: Spreadex provides many different trading instruments due to regulatory restrictions in various 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 forex pairs is of interest to you then Spreadex offer over 55 forex pairs.
Compare Spreadex, Bitfinex, Colmex & Etrade below.
Alternatives To Spreadex
If, after reading this Spreadex review, Spreadex doesn't quite fulfill your needs check out these Spreadex alternatives.
We have scoured the internet to find the best alternatives to Spreadex. Click on the links below to find out more.
Frequently Asked Questions about Spreadex
Can I try Spreadex before I buy?
Yes, you can most certainly try Spreadex before you buy. Spreadex offers demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demo account on Spreadex, you will set out using a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you before you decide to invest your own money.
With this virtual Spreadexdemo account, you can experiment at all, to whatever period you wish. You can also start positions, test different trading approaches, and more.
Spreadex specifies on its official site which you can exchange real time stocks in a demo account.
Is Spreadex safe?
You can drop all your worries since we believe that Spreadex is completely safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA).
Luckily, 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 withSpreadex is perhaps simple enough to be a cakewalk. 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.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Spreadex is $1. You should have a good hold over the nuances of online trading before you set out and trade with real money.
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 a number of methods to finance your accounts with Spreadex. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must bear in mind that PayPal isn't available in all place. The monies Spreadex
Is my money safe with Spreadex?
Yes, your cash is safe and protected with Spreadex. As you already know, Spreadex operates with good conformation to. It has established lots of measures to guard all 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 want to further protect your account, you can enable Two-Step Verification also. It requires an SMS confirmation that you access your account.
Is Spreadex trading good?
Yes, trading via Spreadex is a nice and good experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you could also obtain access to a huge selection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does Spreadex support?
Spreadex operates around the world. However, due to regulations there are some countries that Spreadex do accept clients from
Is Spreadex legit?
Spreadex is a legit company headquarted in UK since 1999. They are regulated by Financial Conduct Authority (FCA). 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 an excellent agent, and its own users may vouch for this. The highlight of the platform is its fast order execution on transactions.
You will discover the clean design of this platform along with the commendable features a pleasure 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 reaffirm their trustable nature.
What is the minimum deposit for Spreadex?
The minimum deposit to open a live account with Spreadex is $1
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 the withdrawal from Spreadex to show in your bank account.
Are Spreadex regulated?
Spreadex are regulated by Financial Conduct Authority (FCA)
Is Spreadex a market leading broker?
Spreadex is indisputably one of the business leaders. It has over 10,000+ registered customers and over 22 years of experience on its own record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its incredible platform and broad range of resources plus tools so you may invest in capital markets.
Is Spreadex a con?
No, Spreadex is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that Spreadex is not a scam.
Can you make money with Spreadex?
Using Spreadex, many traders make a lot of money. However, on average, through consistent trading, you also can create between 2% - 10% profit a month.
This may seem like a little number, but over the year, this adds to a significant number of gains. While Spreadex supply you all of the tools to make money, they cannot guarantee you will gain.
Does Spreadex have fees?
Yes. To begin trading using Spreadex, you need to deposit $1. Certain commissions while trading additionally apply. Any processing fees from your bank might 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).
How many people use Spreadex?
Spreadex is a globally 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 doesn't provide negative balance protection. If your balance is unfavorable, Spreadex suggests you promptly contact customer services. With this, you can correct any imbalances in your account.
Does Spreadex offer guaranteed stop loss?
Yes, Spreadex provide a guaranteed Stop Loss order.
If there's absolutely no free margin left together with the client, Spreadex will stop your own positions. If the losses in the ceased out location exceeds your account balance, you might encounter a negative account balance.
Does Spreadex allow scalping?Yes, Spreadex do allow scalping. Many traders across the world choose Spreadex for their services that are trading. They offer trading on Web Trader, Tablet & Mobile apps which let this.
Does Spreadex allow hedging?
Yes, Spreadex does 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.
Does Spreadex accept Payoneer?
Yes, Spreadex accepts Payoneer for depositing money.
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?
No, Spreadex does not have an official wikipedia page.
Does Spreadex offer demo accounts?
Yes, Spreadex offers demo accounts so you can learn their systems before risking any real money.