IG vs Spreadex, 2024 Update
Read our In-Depth IG vs Spreadex Review - 2024 Update
Our IG vs Spreadex review has been updated to reflect any changes for 2024 by knowledgeable insiders with significant financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IG vs Spreadex does not apply to all countries as follows:
IG Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Spreadex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IG vs Spreadex
All trading platforms has certain ups and downs, so a complete review of IG and Spreadex would not be complete without embracing a balanced approach.
Compare IG and Spreadex to get a better understanding of how they stack up against one another prior to you make an account. Performing a comparative analysis will bring aspects in perspective so that you remain aware of what to expect.
So you are looking for a professional broker and are choosing between IG or Spreadex. Which one is best in 2024?
This IG vs Spreadex comparison contains the most recent information so you can easily compare Spreadex against IG.
If you're a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all the concepts of broker since you keep trading. For starters, you need to select the ideal broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IG and Spreadex are just two such platforms which will take you along with your investment to great heights. It is crucial to compare IG vs Spreadex before you trust them with your money.
Our IG vs Spreadex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IG and Spreadex side by side.
Our full IG vs Spreadex Review covers all you will need to know about trading with either IG or Spreadex. A fantastic broker can multiply your first investments and give you positive profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investing goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you choose them. It's a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.
IG and Spreadex are both brokers which have found their way successfully to the broker world. Within this review, we've attempted to collate a number of the vital facets of both IG and Spreadex. This review will allow you to know whether either Spreadex or IG is a good match for your investments or not. We've attempted to breakdown all the features and charges for your convenience.
Benefits of IG and Spreadex Compared
IG has a minimum deposit of $200 while Spreadex has a $0 minimum deposit.
Why smaller minimum deposits are good and how IG and Spreadex compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IG has around 10,000 financial instruments while Spreadex has around 10,000 financial instruments on their platform.
The more financial instruments you can trade on the IG and Spreadex trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IG or Spreadex.
IG and Spreadex Contact Details
Being able to contact a broker through many ways is vital. IG and Spreadex have the following contact details and social medias that you can use.
Broker | IG | Spreadex |
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Telephone Number | +44 01727 895 000 | |
info@spreadex.com | ||
Address | Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU | |
IG Twitter Account | Spreadex Twitter Account | |
IG Facebook Page | Spreadex Facebook Page | |
IG Instagram Account | Spreadex Instagram Account | |
IG LinkedIn Page | Spreadex LinkedIn Page | |
YouTube | IG YouTube Channel | Spreadex YouTube Channel |
Find Out More |
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Spreadex and IG Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing IG and Spreadex will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IG vs Spreadex - Awards
Broker | IG | Spreadex |
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Awards | At the time of writing this IG review, and despite IG’s impressive offering, the company has surprisingly not garnered any awards to date. |
Spreadex have won several industry awards over the years they have been operating as a financial broker. We show the most notable awards for Spreadex here.
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Find Out More |
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IG vs Spreadex - Frequently Asked Questions
IG vs Spreadex - Headquarters And Year Of Founding
IG was founded in 1974 and has its headquaters in UK.
Spreadex was founded in 1999 and has its headquaters in UK.
What is the minimum deposit for Spreadex or IG
The minimum deposit for IG is $200.
The minimum deposit for Spreadex is $0.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IG and Spreadex are a good option.
IG vs Spreadex - Regulation And Licencing In More Detail
IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
Spreadex is regulated by Financial Conduct Authority (FCA), registration number 190941.
Both IG and Spreadex have a strong set of rules for ensuring honest trading on their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IG vs Spreadex Commission And Fees
IG and Spreadex are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled much better. That is, an online broker isn't necessarily affected by the amount of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 types of fees for this objective.
The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In these cases, you are spending a spread, funding rate, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are people who are charged when you maintain a leveraged position for more than a day.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither IG or Spreadex charge high fees compared to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often exchange, such as daily or weekly trading.
However, non-trading fees charged by IG and Spreadex are relatively higher. Consequently, you are charged more for non-trading actions in your trading account, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This IG vs Spreadex review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IG And Spreadex
What Languages Do IG And Spreadex Support?
Being able to talk easily with your online platform is a key way of comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Here you can find the languages that both IG and Spreadex offer communication in.
How Many Clients Do IG and Spreadex Have?
Both IG and Spreadex are well established with their client base. It is important to work with a broker you can trust and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients IG and Spreadex are working with
What Payment Methods Do IG and Spreadex Accept?
IG and Spreadex both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IG and Spreadex
What Can You Trade With IG and Spreadex?
IG offers 10,000 trading instruments whilst Spreadex offers 15,000.
Below you will find a full breakdown of what both IG and Spreadex offer.
IG Review
IG vs Spreadex:
Table Of Contents
- Compare IG vs Spreadex
- Benefits of IG and Spreadex Compared
- Spreadex and IG Mobile App Comparison
- IG vs Spreadex - Awards
- IG vs Spreadex - Frequently Asked Questions
- What is the minimum deposit for Spreadex or IG
- IG vs Spreadex - Regulation And Licencing In More Detail
- Compare Broker Fees For IG And Spreadex
- What Languages Do IG And Spreadex Support?
- How Many Clients Do IG and Spreadex Have?
- What Payment Methods Do IG and Spreadex Accept?
- What Can You Trade With IG and Spreadex?