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Written by: Krisztián G. Updated: Dec 2022
Expert verified
Recommended for
  • forex trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
483 people chose this broker in the last 6 months
BrokerChooser Score
4.4/5

Spreadex review summary

Spreadex is a UK CFD and Forex broker. Spreadex has low forex fees and low non-trading fees. It offers a user-friendly web trading platform covering the most commonly used search and order functions. Customer support is fast and helpful via all channels. On the flip side, Spreadex's product portfolio is limited only to forex and CFDs, lacking popular asset classes such as real stocks. There is no desktop trading platform. Lastly, research tools are limited and the education section is very poor. BrokerChooser gave Spreadex a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

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Spreadex pros and cons

Pros Cons
Low forex fees Thin product selection
Good web platform No desktop platform
Helpful customer service Limited research and education tools

Spreadex main highlights

🗺️ Country of regulation UK
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1-3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 3
🎮 Demo account provided No
🛍️ Products offered Forex, CFD
To read much more details about the broker's services and features, expand on the sections below.

Spreadex review
Fees

4.3
Spreadex has low forex fees and low stock CFD fees, and it charges no inactivity fee.
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Spreadex review
Account opening

4.2
Opening an account at Spreadex is easy and straightforward, and involves no minimum deposit. However, account verification was a bit slow, taking us 2-3 business days.
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Spreadex review
Deposit and withdrawal

4.3
Deposit and withdrawal, via bank transfer or credit/debit cards, are quick and mostly free. However, the account currency selection is rather average.
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Spreadex review
Web trading platform

4.5
The Spreadex trading platform is user-friendly, with a good search function, clear reports and guaranteed stop orders. However, it lacks a two-step login and is available only in English.
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Spreadex review
Mobile trading platform

4.5
Spreadex has a well-designed and user-friendly mobile trading platform with a good search function, although it lacks advanced login options like two-step or biometric authentication.
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Spreadex review
Desktop trading platform

Spreadex does not offer a desktop trading platform.
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Spreadex review
Markets and products

1.7
At Spreadex you can only trade forex, CFDs, and spread betting. Popular asset classes such as real stocks, ETFs, or bonds are missing.
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Spreadex review
Research

2.1
Spreadex has good market analyses on its blog, but unfortunately this doesn't make up for a lack of trading ideas, limited fundamental data, and a poor selection of analytic tools.
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Spreadex review
Customer service

5.0
Spreadex offers great customer service, with quick and useful responses especially over live chat. They are also helpful over the phone. On the down side, we missed 24/7 support.
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Spreadex review
Education

1.3
Spreadex has good platform tutorial videos, but little else in the way of educational material aside from a few basic articles and a glossary. There is also no demo account.
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Spreadex review
Safety

Spreadex is regulated by the top-tier UK FCA, involving strong investor protection; but it has no banking license, is not listed on an exchange, and financial information is not public.
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Spreadex review
Bottom line

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Spreadex review
FAQ

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Author of this review

Krisztián Gátonyi

Author of this review

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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