What is Spreadex?
Spreadex is a UK-based brokerage firm established in 1999. In addition to financial trading services, the company also offers spread betting and sports betting. In 2006, Spreadex officially entered the online market through its website and proprietary trading platform.
Pros & Cons
Pros:
- Provides a wide range of financial products, including trading and spread betting.
- Many years of experience in the industry.
- User-friendly online platform, fast account opening.
- Educational resources available.
- Multi-channel customer support.
Cons:
- No support for MT4/MT5.
- Limited deposit/withdrawal methods compared to many other brokers.
Market Instruments
Spreadex gives access to over 15,000 assets, including:
- Indices: trade futures and daily contracts on major global indices.
- Shares: trade thousands of publicly listed companies worldwide.
- Forex: hundreds of spot and futures currency pairs.
- Commodities: gold, silver, oil, natural gas, cotton, corn, etc.
- Bonds & Interest Rates: UK Gilts, US T-Bonds, Eurodollar, etc.
- ETFs & IPOs
- Options & Cryptocurrencies: including Bitcoin, Ethereum, Ether.
Spread & Commission
Spreadex offers competitive spreads, with EUR/USD starting from just 0.6 pips. For stocks, financing fees are usually around 1.25%, and may be higher for small-cap or illiquid stocks.
Trading Platforms
- Online Platform: user-friendly interface with integrated analysis tools.
- Mobile App: available on iOS & Android, enabling flexible trading anytime, anywhere.
- TradingView: supports advanced charting and global trading community access.
Deposits & Withdrawals
- Methods: credit card, bank transfer, cheque, direct debit.
- No support for e-wallets (PayPal, Neteller, Skrill, etc.).
- Minimum deposit: $1
- Withdrawal time: 2–5 business days depending on the method.
Customer Service
Support available via live chat, phone, email, and active presence on social media (Twitter, Facebook, Instagram, YouTube, LinkedIn).
Education
Spreadex provides:
- Training videos on technical analysis and risk management.
- FAQs covering accounts, trading, and charting.
- A glossary of financial spread betting terms.
Conclusion
Spreadex is a long-established broker offering financial trading, spread betting, and sports betting. With its wide product portfolio, user-friendly online platform, and competitive spreads, it is a solid choice for traders seeking flexibility. However, the lack of MT4/5 support and limited payment methods may be a drawback for some.
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