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Spreadex Review 2024

Written by
Krisztián G.
Fact checked by
Adam N.
Updated
4d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Web trading platform
Product selection
Regulated and trusted. Tested via live trading.
3,097 people chose this broker
Not available in United States; see best alternatives

Why choose Spreadex

Spreadex is a UK CFD and forex broker with 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 most channels.

However, 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 600+ criteria and testing via opening a live account.

  • Low forex fees
  • Good web platform
  • Helpful customer service
Overall score
4.4/5
Minimum deposit
$0
FX fee
Low
Index CFD fee
Average
Withdrawal fee
$0
Account opening
1-3 days
Visit Spreadex

64% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 4.1/5
Spreadex has low forex fees, and it charges no inactivity fee. However, the stock CFD fees are average.
  • Low forex fees
  • No inactivity fee

We compared Spreadex's fees with two similar brokers we selected, Trade Nation and FxPro. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Spreadex alternatives.

Low FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 0.6.

Broker
EURUSD spread
FX commission per lot
Spreadex
0.6
No commission is charged
Trade Nation
0.6
No commission is charged
FxPro
1.4
No commission is charged
Spreadex forex spreads and commissions

Some of the broker's forex fees are well below those of its closest competitors.

Average index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.4.

Broker
S&P 500 CFD spread
Spreadex
0.4
Trade Nation
0.5
FxPro
1.0
Spreadex index CFD spreads and commissions

Average stock CFD fees

The commission for stock CFD trading is the following: 0.15% of trade value, maximum 3.5 points.

Broker
Apple CFD
Spreadex
$4.2
Trade Nation
$2.1
FxPro
$2.1
Spreadex stock CFD spreads and commissions

No inactivity fee, no withdrawal fee

Unlike many of its competitors, Spreadex charges no inactivity fee. There is no account fee, while most deposit and withdrawal options are also free.

Broker
Inactivity fee
Withdrawal fee
Spreadex
$0
Trade Nation
$0
FxPro
$0
Spreadex inactivity, withdrawal and other fees

Safety

Spreadex is regulated by the top-tier UK FCA, involving strong investor protection; but it has no banking license and is not listed on an exchange.
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 3.9/5
Deposit and withdrawal, via bank transfer or credit/debit cards, are quick and mostly free. However, the account currency selection is rather average.
  • Credit/Debit card available
  • No deposit fee
  • Free withdrawal in most cases
Read more

Account opening

Score: 4.4/5
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.
  • Fully digital
  • No minimum deposit
  • User-friendly
Read more

Mobile app

Score: 4.5/5
Spreadex has a well-designed and user-friendly mobile trading platform with a good search function, although it lacks advanced login option like two-step authentication.
  • User-friendly
  • Good search function
  • Price alerts
Read more

Web trading platform

Score: 4.5/5
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.
  • User-friendly
  • Clear fee report
  • Good search function
  • Guaranteed stop
Read more

Product selection

Score: 2.1/5
At Spreadex you can only trade forex, CFDs, and spread betting. Popular asset classes such as real stocks, ETFs, or bonds are missing.
Read more
“I recommend Spreadex for spread, forex and CFD traders looking for low fees and great deposit/withdrawal options.”

FAQ

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Author of this review

Krisztián Gátonyi

Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My 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.

Visit Spreadex 64% of retail CFD accounts lose money
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