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Spreadex Alternatives

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
Jan 2024

The best alternatives to Spreadex are

  1. Trade Nation - Global forex and CFD broker
  2. FxPro - Global CFD and forex broker
  3. City Index - Global CFD and forex broker
  4. CMC Markets - Global CFD broker

Let's see in a bit more detail how the Spreadex alternatives compare to Spreadex and each other:

Spreadex alternatives comparison
Overall score
4.3 stars 3.8 stars 4.3 stars 4.5 stars 4.5 stars
Fees score
4.0 stars 2.7 stars 4.0 stars 3.7 stars 3.7 stars
Account opening score
4.4 stars 5.0 stars 5.0 stars 5.0 stars 4.4 stars
Deposit and withdrawal score
3.9 stars 4.4 stars 4.4 stars 4.4 stars 4.5 stars
Web platform score
4.5 stars 4.5 stars 2.8 stars 4.5 stars 5.0 stars
Markets and products score
1.7 stars 2.0 stars 2.1 stars 2.3 stars 2.5 stars
Visit broker
84% of retail CFD accounts lose money
Visit broker
79.27% of retail CFD accounts lose money
Visit broker
70% of retail CFD accounts lose money
Visit broker
67% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Spreadex? There are many areas based on which Spreadex can be compared with others. When we say a given online broker is a good alternative to Spreadex we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Spreadex alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Spreadex is recommended for spread, forex and cfd traders looking for low fees and great deposit/withdrawal options
  • Trade Nation is recommended for spread, forex and cfd traders looking for a great trading platform and quality customer service
  • FxPro is recommended for forex and cfd traders looking for a broker with great account opening and who are familiar with the metatrader platform
  • City Index is recommended for forex and cfd traders looking for low forex fees and great research tools
  • CMC Markets is recommended for forex and cfd traders looking for an advanced trading platform with many research tools

Important factors of finding Spreadex alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Spreadex or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Spreadex is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Spreadex alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Spreadex, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Spreadex alternative is a must.


Now let's dive into the details of how Spreadex and its alternatives perform in the most important areas!

Trade Nation

Trade Nation is a UK CFD and forex broker. Its account opening is fully digital with no minimum deposit and free withdrawal. Customers have access to excellent research and education tools, while customer support is also great.

However, Trade Nation's product portfolio is slim. There is no live chat, only a chatbot. The desktop trading platform lacks safer login options.

BrokerChooser gave Trade Nation a 3.8/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for spread, forex and CFD traders looking for a great trading platform and quality customer service

Visit broker
84% of retail CFD accounts lose money

Trade Nation vs. Spreadex: Trading fees
S&P 500 CFD spread
0.5 0.6
Euro Stoxx 50 CFD spread
1.0 2.0
Apple CFD fees per $2,000 trade
$2.1
$7.2
Vodafone CFD fees per $2,000 trade
$3.6
$6.3
Trade Nation vs. Spreadex: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1 day 1-3 days

If you are interested more in Trade Nation minimum deposit, this overview will help you.

Trade Nation vs. Spreadex: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes No
Withdrawal fee
$0
$0
Web trading platform of Trade Nation, a Spreadex alternative
Trade Nation vs. Spreadex: Trading platform scores
Web platform score
4.5 stars 4.5 stars
Mobile platform score
4.3 stars 4.5 stars
Desktop platform score
3.4 stars -

Learn more about Trade Nation's web trading platform in the detailed Trade Nation review.

Visit broker
84% of retail CFD accounts lose money

Trade Nation vs. Spreadex: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes No

FxPro

FxPro is an international CFD and forex broker, regulated by the UK's FCA, CySEC of Cyprus and the SCB in the Bahamas.

Its account opening process is fast, fully online, and user-friendly. FxPro has a well-performing customer service that can be contacted in many languages. You can use a lot of free options for deposit and withdrawal.

On the negative side, FxPro's product portfolio is limited to forex and CFD. Non-trading fees are average, and there is also an inactivity fee that kicks in after 6 months of no trading.

BrokerChooser gave FxPro a 4.3/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for forex and CFD traders looking for a broker with great account opening and who are familiar with the MetaTrader platform

Visit broker
79.27% of retail CFD accounts lose money

FxPro vs. Spreadex: Trading fees
S&P 500 CFD spread
1.0 0.6
Euro Stoxx 50 CFD spread
2.1 2.0
Apple CFD fees per $2,000 trade
$2.1
$7.2
Vodafone CFD fees per $2,000 trade
$2.7
$6.3
FxPro vs. Spreadex: Minimum deposit, time to open an account
Minimum deposit
$100
$0
Time to open account
1 day 1-3 days

If you are interested more in FxPro minimum deposit, this overview will help you.

FxPro vs. Spreadex: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes No
Withdrawal fee
$0
$0
Web trading platform of FxPro, a Spreadex alternative
FxPro vs. Spreadex: Trading platform scores
Web platform score
2.8 stars 4.5 stars
Mobile platform score
3.8 stars 4.5 stars
Desktop platform score
3.4 stars -

Learn more about FxPro's web trading platform in the detailed FxPro review.

Visit broker
79.27% of retail CFD accounts lose money

FxPro vs. Spreadex: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
No

City Index

City Index is a global CFD broker regulated by many financial authorities, including the top-tier UK FCA.

City Index has low forex trading fees, and non-trading fees like withdrawal fees are also low. Account opening is fast and smooth and a wide range of high-quality research tools are available.

However, City Index provides only forex, CFDs and crypto trading. The fees for stock CFDs are high and the desktop trading platform is not user-friendly.

BrokerChooser gave City Index a 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for forex and CFD traders looking for low forex fees and great research tools

Visit broker
70% of retail CFD accounts lose money

City Index vs. Spreadex: Trading fees
S&P 500 CFD spread
0.4 0.6
Euro Stoxx 50 CFD spread
1.9 2.0
Apple CFD fees per $2,000 trade
$10.1
$7.2
Vodafone CFD fees per $2,000 trade
$13.1
$6.3
City Index vs. Spreadex: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1 day 1-3 days

If you are interested more in City Index minimum deposit, this overview will help you.

City Index vs. Spreadex: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes No
Withdrawal fee
$0
$0
Web trading platform of City Index, a Spreadex alternative
City Index vs. Spreadex: Trading platform scores
Web platform score
4.5 stars 4.5 stars
Mobile platform score
4.5 stars 4.5 stars
Desktop platform score
3.0 stars -

Learn more about City Index's web trading platform in the detailed City Index review.

Visit broker
70% of retail CFD accounts lose money

City Index vs. Spreadex: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes
Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
No

CMC Markets

CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK's FCA.

It has low forex fees and there is no charge for deposits and withdrawals. The web and mobile trading platforms are well-designed, highly customizable and rich with features such as an advanced order panel. Research and educational tools are also wide-ranging and sophisticated.

On the downside, stock CFD fees are high. The product portfolio covers only CFDs (forex, indices, commodities, shares, ETFs, bonds, and crypto for non-UK clients) and customer service, while helpful, is available only 24/5.

BrokerChooser gave CMC Markets a 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for forex and CFD traders looking for an advanced trading platform with many research tools

Visit broker
67% of retail CFD accounts lose money

CMC Markets vs. Spreadex: Trading fees
S&P 500 CFD spread
0.6 0.6
Euro Stoxx 50 CFD spread
1.6 2.0
Apple CFD fees per $2,000 trade
$10.1
$7.2
Vodafone CFD fees per $2,000 trade
$11.8
$6.3
CMC Markets vs. Spreadex: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1-3 days

If you are interested more in CMC Markets minimum deposit, this overview will help you.

CMC Markets vs. Spreadex: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of CMC Markets, a Spreadex alternative
CMC Markets vs. Spreadex: Trading platform scores
Web platform score
5.0 stars 4.5 stars
Mobile platform score
5.0 stars 4.5 stars
Desktop platform score
3.4 stars -

Learn more about CMC Markets's web trading platform in the detailed CMC Markets review.

Visit broker
67% of retail CFD accounts lose money

CMC Markets vs. Spreadex: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes
Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
No

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 4.3/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for spread, forex and CFD traders looking for low fees and great deposit/withdrawal options

Spreadex alternatives trading fees
S&P 500 CFD spread
0.6 0.5 1.0 0.4 0.6
Euro Stoxx 50 CFD spread
2.0 1.0 2.1 1.9 1.6
Apple CFD fees per $2,000 trade
$7.2
$2.1
$2.1
$10.1
$10.1
Vodafone CFD fees per $2,000 trade
$6.3
$3.6
$2.7
$13.1
$11.8
Spreadex alternatives minimum deposit and account open times
Minimum deposit
$0
$0
$100
$0
$0
Time to open account
1-3 days 1 day 1 day 1 day 1-3 days

Learn more about Spreadex minimum deposit here.

Spreadex and alternatives withdrawal options and fees
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
Yes Yes Yes Yes Yes
Electronic wallets
No Yes Yes Yes No
Withdrawal fee
$0
$0
$0
$0
$0
Spreadex - Web trading platform
Spreadex and alternatives trading platform scores
Web platform score
4.5 stars 4.5 stars 2.8 stars 4.5 stars 5.0 stars
Mobile platform score
4.5 stars 4.3 stars 3.8 stars 4.5 stars 5.0 stars
Desktop platform score
- 3.4 stars 3.4 stars 3.0 stars 3.4 stars

Learn more about Spreadex's web trading platform in the detailed Spreadex review.

Spreadex and alternatives markets and products
Stocks
No No No No No
ETFs
No No No No No
Forex
Yes
Yes Yes Yes
Yes
Funds
No No No No No
Bonds
No No No No No
Options
No No No No No
Futures
No No No No No
CFDs
Yes Yes Yes Yes Yes
Crypto
No Yes Yes
Yes
Yes

Bottom line

Based on our analysis, there are several good alternatives to Spreadex. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Spreadex alternatives
Broker intro
Recommended for
Global CFD and forex broker Spread, forex and CFD traders looking for low fees and great deposit/withdrawal options
Global forex and CFD broker Spread, forex and CFD traders looking for a great trading platform and quality customer service
Global CFD and forex broker Forex and CFD traders looking for a broker with great account opening and who are familiar with the MetaTrader platform
Global CFD and forex broker Forex and CFD traders looking for low forex fees and great research tools
Global CFD broker Forex and CFD traders looking for an advanced trading platform with many research tools

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

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Author of this article

Krisztián Gátonyi

Method-Man | 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
Visit Trade Nation 84% of retail CFD accounts lose money
Visit FxPro 79.27% of retail CFD accounts lose money
Visit City Index 70% of retail CFD accounts lose money
Visit CMC Markets 67% of retail CFD accounts lose money

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