Spreadex Review 2025

Is Spreadex regulated?

Yes, it is regulated by the UK Financial Conduct Authority (FCA), a top-tier regulator.

Is Spreadex safe?

To be certain that a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• the background of the broker.

How you are protected

Spreadex provides negative balance protection for retail customers. Should the balance on your account go into negative, you will be protected.

Our brokerage experts put together a comprehensive guide on the safety profile of Spreadex.

Background

Spreadex was established in 1999. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.
Being regulated by a top-tier financial authority and being in operation for a long time are all great signs for Spreadex's safety.

Find your safe broker

Account base currencies

At Spreadex, you can choose from the following 3 base currencies: GBP, USD, EUR.

This selection falls behind competing brokers. Both Trade Nation and FxPro offer more base currencies.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

Spreadex charges no deposit fees.

This is true in most cases. At the same time, the broker reserves the right to charge £1 on debit card deposits under £50.
You can deposit funds by bank transfer or credit/debit cards. However, you can't use electronic wallets, which is a drawback compared with some of the company's competitors.

Here's all you need to know about minimum deposit requirements and depositing money at Spreadex.

A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

Spreadex withdrawal fees and options

The default Spreadex withdrawal fee is $0. This applies to credit/debit cards, as well as domestic sterling bank transfer (BACS) withdrawals in the UK. A same-day sterling payment (CHAPS) in the UK costs £25. International bank transfers, and bank transfers in currencies other than GBP will be subject to additional charges.
You can use the same options for withdrawal as for deposit; this means that electronic wallets are not supported.

Read our guide containing all key info on available withdrawal methods and related fees at Spreadex.

You can only withdraw money to accounts in your name.

How long does it take to withdraw money from Spreadex? We tested the debit card withdrawal and it took 2 business days.

How do you withdraw money from Spreadex?

• Select 'My Account'
• Choose the withdrawal method
• Add the amount you wish to withdraw
• Click 'Next' and confirm your withdrawal

Can you open an account?

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64% of retail CFD accounts lose money

Spreadex accepts clients from all over the world, with a few exceptions, most notably the US.

Read our separate article on how to get your account started with Spreadex.

What is the minimum deposit at Spreadex?

The required Spreadex minimum deposit is $0.

Account types

You can open a Spread Betting account and a CFD Trading account at Spreadex. In a unique feature, Spreadex allows you to also use your Spread Betting or CFD Trading account to bet on sports games or in casinos.
Corporate accounts or accounts owned by multiple individuals are not available.

How to open your account

The account opening process at Spreadex is fully digital and fairly straightforward. Account verification was a bit on the slow side, though, as our account was only verified after 2 business days.
To start the process, first fill in your name, email and country of residence; then choose an account type and click 'Create my account'. Your account will be created immediately and you can get a glimpse of the trading platform, but you will need to fill in additional information in order to actually activate your account and be able to start trading:

1. Fill in your date of birth and contact details
2. Add information about your employment status and trading experience
3. Answer a few rather difficult questions assessing your financial and trading knowledge
4. Choose an account currency
5. Upload identity documents (passports/ID cards are accepted for identity verification; bank statements or utility bills are accepted as proof of residency).

The mobile trading platform is available only in English.

Look and feel

The Spreadex mobile app is user-friendly.

Login and security

Spreadex provides only a one-step login for its mobile platform. A two-step authentication would be more secure and adding this feature should be high on any company's list of security changes.

You can log in using biometric authentication, which is a convenient feature.

Search functions

The search functions are good.

You can search by starting to type the name of an asset or by browsing various categories.

Placing orders

You can use the following order types on the mobile trading platform:

• Market
• Limit
• Stop
• Trailing Stop
• Guaranteed Stop

There are also order time limits you can use:

• Good 'til canceled (GTC)
• Good 'til time (GTT)

Alerts and notifications

You can set alerts and notifications on the Spreadex mobile platform.

They come in the form of email, SMS or push notifications.

Our analysts personally tested Spreadex's mobile trading platform; read the Spreadex mobile app review for a detailed verdict on its performance and features.

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64% of retail CFD accounts lose money

Spreadex has its own in-house developed web trading platform. It is available in English only, a drawback compared with some of the company's closest competitors.

Look and feel

The Spreadex web trading platform is user-friendly. The platform is customizable; you can move the tabs easily. However, the design is somewhat outdated.

Login and security

Spreadex provides only a one-step login. A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes.

Search functions

The search functions are good.

You can search by starting to type the name of an asset, or by browsing various categories.

Placing orders

You can use the following order types:

• Market
• Limit
• Stop
• Trailing Stop
• Guaranteed Stop

A guaranteed stop means your position will always be stopped out at that level; as opposed to a regular stop, which can be vulnerable to gapping at times of high market volatility. Guaranteed stops will always be filled at the selected level regardless of market slippage. There is an additional cost built into the price of the trade for guaranteed stops. Regular stops cannot be changed to guaranteed stops once a trade has been placed.

If you are unfamiliar with some of these terms or want to learn more, read our overview of order types.

There are also order time limits you can use:

• Good 'til canceled (GTC)
• Good 'til time (GTT)

Alerts and notifications

You can set price alerts and notifications on the Spreadex web trading platform.

Portfolio and fee reports

Spreadex has clear fee reports.

Note that these do not include a breakdown of overnight fees. You can find the reports by clicking 'My Account', then 'Statements'. You can also download them in pdf format.

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64% of retail CFD accounts lose money

Spreadex is primarily a CFD and forex broker, explaining the lack of other assets.
Spreadex's currency pair, stock index CFD, ETF CFD and commodity CFD product selections are considered average compared with similar brokers.
On the plus side, Spreadex's stock CFD offer is quite good, with about 3,000 assets at the time of our review.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Besides CFDs, you can also trade spread betting products.

You can't change leverage levels at Spreadex, which is a drawback. Being able to change the leverage manually is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as preset leverage levels may be too high.

We recommend Spreadex for spread, forex and cfd traders looking for low fees and great deposit/withdrawal options.

Below you can find links to all aspects of Spreadex in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Spreadex fees article.

What about the minimum deposit?

Our ultimate guide to the Spreadex minimum deposit is updated regularly.

How to start your Spreadex account?

Look no further than our evaluation of the Spreadex account opening.

How's their trading app?

Here's our expert view after checking the Spreadex trading app.

Is the quality of customer service satisfactory?

All you need to know about the Spreadex customer service.

Legit or scam?

Is Spreadex legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Spreadex is really free.

Is this broker good for beginners?

We checked it in Is Spreadex good for beginners.

Should you buy your silver bullets on Spreadex?

Research for silver bugs in the Silver buy on Spreadex guide

I want to trade options, are they available at Spreadex?

We explored the topic in Can you trade options on Spreadex?

What is the minimum account balance at Spreadex?

Check out the current account balance requirements at Spreadex in our What is the minimum account balance at Spreadex article.

Looking for commission and fees data for Spreadex?

We collected them in Spreadex commission and fees.

How do you withdraw money from Spreadex?

We tested it and collected the options and costs in How to withdraw money on Spreadex.