SpreadEX

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	Official Website
Popularity
Leverage	Up to 1:30 for retail traders, higher for professionals
Minimum Deposit	£100
Regulation	FCA
Payment Methods	Bank Transfer, Debit Card, Credit Card
Trading Assets	Forex, CFDs, Indices, Shares, Cryptocurrencies, Commodities
MT4	❌
MT5	❌
Spreads	Low
Average cost: EUR/USD	0.6 pips
Demo Account	✅
Islamic Account	❌
MAM	❌
PAMM	❌
Copy Trading	❌
ZuluTrade	❌
Scalping	No
Signals	❌
EA/Robots	Not Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	£1 per inactive day after 3 months
Year Established	1999
Address	Grove House, 27 Hammersmith Grove, London, W6 0NE, United Kingdom
Contact Information	Email: [email protected] Phone: +44 (0)1727 895 090
Mobile Trading APP
Rating	★★★★☆ 4.3
Website	Official Website

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Pros and Cons

Introduction

SpreadEX, a UK-based broker founded in 1999, has made its mark in the financial industry with its distinct combination of financial trading and sports betting services.

As a company regulated by the Financial Conduct Authority (FCA), it has established a reputation for trustworthiness, innovation, and customer satisfaction.

In this review, we will delve into the many facets of their offerings, including trading platforms, account types, spreads, customer support, and more.

Company Overview

Key Facts

• Founded: 1999
• Headquarters: Grove House, 27 Hammersmith Grove, London, W6 0NE, United Kingdom
• Regulated by: FCA
• Trading Platforms: Proprietary Web and Mobile Platforms
• Markets Offered: Forex, Indices, Equities, Cryptocurrencies, Commodities, and Sports Betting
• Leverage: Up to 1:30 for retail clients (higher for professionals)
• Minimum Deposit: £100

Trading Platforms

Web-Based Platform

SpreadEX has developed a proprietary web-based platform that emphasizes simplicity and ease of use.

Its features include:

• Intuitive Interface: Easy-to-navigate for traders of all levels.
• Customizable Charts: Allows traders to customize timeframes and add technical indicators.
• One-Click Trading: Efficient execution of trades directly from charts or market overview windows.
• Risk Management Tools: Stop-loss and take-profit orders available.

Mobile App

The broker also offers mobile trading apps for iOS and Android.

The apps mirror many of the features of the web-based platform, ensuring seamless transition between desktop and mobile trading.

• Intuitive Design: Clear, responsive user interface.
• Push Notifications: Get instant updates about market movements and executed trades.
• Full Market Access: Trade the same assets as on the web platform.

Market Instruments

SpreadEX provides a wide array of instruments to trade:

1. Forex: 60+ currency pairs, including majors, minors, and exotics.
2. Indices: Trade global indices like S&P 500, FTSE 100, and Nikkei 225.
3. Equities: Access shares from the UK, US, and European markets.
4. Commodities: Popular commodities like oil, gold, and silver.
5. Cryptocurrencies: Major cryptos like Bitcoin, Ethereum, and Ripple.
6. Sports Betting: Unique integration of sports betting and financial trading.

Sample of Available Instruments

Account Types

The broker provides two distinct account types: Retail and Professional.

Here’s a more detailed analysis of both, including their features, benefits, and eligibility requirements.

Retail Account

Features:

• Leverage: Up to 1:30 on Forex pairs, per FCA guidelines.
• Negative Balance Protection: Ensures clients don’t lose more than their deposited funds.
• Access to All Instruments: Forex, Indices, Equities, Cryptocurrencies, and more.
• Customer Support: 24/5 support via chat, phone, and email.
• Demo Account: Practice account available for new traders.
• Risk Management Tools: Stop-loss and take-profit features available.

Advantages:

• Full access to all markets and trading tools.
• Negative balance protection adds peace of mind.
• Lower entry barriers for beginners.

Eligibility Requirements:

• Minimum deposit of £100.
• Not required to pass any specific assessment.

Retail Account Specifications

Professional Account

Features:

• Leverage: Up to 1:300 on major Forex pairs, which is significantly higher than retail accounts.
• Spread: Same low spreads starting from 0.6 pips on EUR/USD.
• Instruments: Access to all trading instruments across the platform.
• Execution: Faster execution with better margin conditions.
• Customer Support: Dedicated support staff available for professional traders.

Advantages:

• Higher leverage allows experienced traders to amplify their positions.
• Tailored margin and execution benefits for high-volume traders.
• No account restrictions typical of retail accounts.

Eligibility Requirements:

To qualify as a professional trader, clients must meet two of the following three criteria:

1. Have a financial portfolio of over €500,000.
2. Have executed significant-sized transactions at least 10 times per quarter over the past year.
3. Have at least one year of professional experience in the financial sector.

Professional Account Specifications

Comparison Between Retail and Professional Accounts

To provide a quick comparison between the two accounts, here’s a side-by-side table:

Retail vs. Professional Account Comparison

Summary

• Retail Account: Ideal for beginner or casual traders seeking simplicity and strong regulatory protections.
• Professional Account: Designed for experienced traders requiring higher leverage and flexibility.

Choosing between these accounts depends on trader’s experience level and appetite for risk.

SpreadEX ensures both types are catered for efficiently, providing comprehensive support for each category.

Spreads, Commissions, and Fees

The company primarily earns revenue through spreads and offers highly competitive rates:

• Forex: Spreads start as low as 0.6 pips on major pairs like EUR/USD.
• Indices: As low as 0.4 points for major indices such as FTSE 100.
• Shares: Spreads start at 0.1% per side.
• Cryptocurrencies: From 0.2% per side for Bitcoin.

Additional fees include:

• Inactivity Fee: £1 per day after 3 months of inactivity.
• Deposit/Withdrawal Fees: None.

Spreads and Fees Overview

Customer Support

The broker provides robust customer support, available through multiple channels:

• Live Chat: Quick and easy access through the website.
• Email Support: Send detailed inquiries to [email protected].
• Phone Support: Call directly on +44 (0)1727 895 090.
• FAQ Section: Comprehensive answers to frequently asked questions.

Security and Regulation

Being regulated by the FCA ensures that the company adheres to strict financial standards, providing customers with protections like:

• Negative Balance Protection: Prevents clients from losing more than their deposited capital.
• Segregated Accounts: Client funds are held separately from the company’s operational accounts.

Educational Resources

SpreadEX offers a range of educational materials, including:

• Blog: Regularly updated market analysis and trading tips.
• Webinars: Live and recorded webinars featuring market experts.
• Trading Guides: Beginner to advanced level guides on trading concepts and strategies.

Conclusion

SpreadEX stands out due to its innovative combination of financial trading and sports betting, along with a comprehensive asset selection and competitive spreads.

While the proprietary platform may lack some advanced features found in MetaTrader, it remains user-friendly and versatile.

With solid customer support, educational resources, and FCA regulation, this is a compelling choice for both new and experienced traders.

Highlights

• Unique blend of financial trading and sports betting
• Highly competitive spreads
• Regulated by the FCA
• Strong customer support and educational materials

While the lack of MetaTrader support may deter some, SpreadEX remains a trusted and innovative broker in today’s competitive landscape.

User Reviews

Video: Spread Betting

Frequently Asked Questions (FAQ)

Resources

• Official Website
• Google Play
• App Store
• Wikipedia
• Trustpilot
• YouTube
• LinkedIn
• Instagram

Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Alternatives

Rank	Broker	Review
1	XM
2	XTB
3	FBS
4	RoboForex
5	JustMarkets
6	xChief
7	Exness
8	eToro
9	Markets.com
10	IC Markets

Last update: May 4, 2024