The best alternatives to Spreadex are
- Trade Nation - Global forex and CFD broker
- FxPro - Global CFD and forex broker
- City Index - Global CFD and forex broker
- CMC Markets - Global CFD broker
Let's see in a bit more detail how the Spreadex alternatives compare to Spreadex and each other:
| Spreadex | Trade Nation | FxPro | City Index | CMC Markets | |
|---|---|---|---|---|---|
| Overall score | 4.4 stars | 4.0 stars | 4.2 stars | 4.4 stars | 4.4 stars |
| Fees score | 4.3 stars | 3.0 stars | 3.8 stars | 3.6 stars | 3.5 stars |
| Account opening score | 4.2 stars | 5.0 stars | 5.0 stars | 5.0 stars | 4.2 stars |
| Deposit and withdrawal score | 4.3 stars | 4.5 stars | 4.5 stars | 4.5 stars | 4.9 stars |
| Web platform score | 4.5 stars | 4.5 stars | 2.8 stars | 4.3 stars | 5.0 stars |
| Markets and products score | 1.7 stars | 1.4 stars | 2.1 stars | 2.3 stars | 2.5 stars |
|
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81.3% of retail CFD accounts lose money |
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79.27% of retail CFD accounts lose money |
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75% of retail CFD accounts lose money |
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76% 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 familiar with 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!
Spreadex alternatives
Trade Nation
Trade Nation is a global forex and CFD broker that was founded in 2014. It is regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority Commission (FSCA), and the Securities Commission of the Bahamas (SCB).
Trade Nation is considered safe because it is regulated by several top-tier financial authorities.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.9% 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.
Recommended for spread, forex and cfd traders looking for a great trading platform and quality customer service
| Pros | Cons |
|---|---|
|
• Free deposit and withdrawal
|
• Slim product portfolio
|
|
• Excellent research and education tools
|
• No live chat
|
|
• Good customer support
|
• Desktop platform lacks safer login
|
Fees
Trade Nation has low stock and index CFD fees, no inactivity and withdrawal fees. On the other hand, forex fees are high.
| Pros | Cons |
|---|---|
|
• No inactivity fee
|
• High forex fees
|
|
• Low stock and index CFD fees
|
|
| Trade Nation | Spreadex | |
|---|---|---|
| Apple benchmark fee | $0.7 | $8.9 |
| Vodafone benchmark fee | $2.7 | $6.7 |
| EURUSD benchmark fee | $25.4 | $13.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
The account opening at Trade Nation is fully digital with no minimum deposit. Our account was verified within one business day.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• No minimum deposit
|
|
| Trade Nation | Spreadex | |
|---|---|---|
| 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.
Deposit and withdrawal
Trade Nation offers free deposit and withdrawal options by bank transfer, credit card, and electronic wallet. Nevertheless, the account base currency selection covers only a few currencies.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Few minor account base currency available
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Trade Nation | Spreadex | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
CoreTrader2, Trade Nation's own web trading platform, is user-friendly with a good search function and guaranteed stops. On the negative side, it lacks a two-step login.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No two-step (safer) login
|
|
• Good search function
|
|
|
• Guaranteed Stops
|
|
| Trade Nation | Spreadex | |
|---|---|---|
| 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.
Markets and products
Trade Nation's products are limited to Spread betting, forex and CFD trades. Popular asset classes, such as real stocks, bonds, mutual funds and options are not available.
| Trade Nation | Spreadex | |
|---|---|---|
| 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 | No | No |
Verdict
All things considered, Trade Nation is a solid CFD/forex broker.
Its main advantages are the fully digital account opening with no minimum deposit and free withdrawal, excellent research and education tools, and superb customer support.
On the downside, its product portfolio is limited to just a few product types, as it offers spread betting, CFDs and forex instruments. There is no live chat, only a chatbot. The broker's trading platforms lack the safer, two-step login.
As trading fees are low and your account will be opened quickly, feel free to try Trade Nation.
| Trade Nation | |
|---|---|
| Summary | Trade Nation is a UK CFD and forex broker. It is regulated by the FCA and is available globally for clients. |
| Fees score | 3.0 stars |
| Recommended for | Spread, forex and CFD traders looking for a great trading platform and quality customer service |
Spreadex alternatives
FxPro
FxPro is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities globally, including the UK's top-tier Financial Conduct Authority (FCA).
FxPro is considered safe because it is regulated by the top-tier FCA and it has a relatively long track record.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% 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.
Recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
| Pros | Cons |
|---|---|
|
• Superb account opening process
|
• Only CFDs and forex
|
|
• Great customer service
|
• High trading fees for some stock CFDs
|
|
• Free deposit and withdrawal
|
• Inactivity fee
|
Fees
FxPro has low forex fees and free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• No withdrawal fee
|
• High stock CFD fees
|
| FxPro | Spreadex | |
|---|---|---|
| Apple benchmark fee | $10.0 | $8.9 |
| Vodafone benchmark fee | $16.1 | $6.7 |
| EURUSD benchmark fee | $15.0 | $13.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
FxPro account opening is hassle-free, straightforward and very fast; it may take less than two hours to verify your account.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• Low minimum deposit
|
|
| FxPro | Spreadex | |
|---|---|---|
| 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.
Deposit and withdrawal
FxPro offers free and fast deposit and withdrawal, via various channels including bank transfer, credit/debit cards and electronic wallets.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Few minor account currencies accepted
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| FxPro | Spreadex | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
FxPro offers several trading platforms. The MT4 platform we tested is highly customizable and has a clear fee report, but the platform lacks price alerts and the design is outdated.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
• No price alerts
|
|
• Order confirmation
|
• Poor design
|
| FxPro | Spreadex | |
|---|---|---|
| Web platform score | 2.8 stars | 4.5 stars |
| Mobile platform score | 4.3 stars | 4.5 stars |
| Desktop platform score | 3.4 stars | - |
Learn more about FxPro's web trading platform in the detailed FxPro review.
Markets and products
At FxPro you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices. However, popular products such as real stocks or ETFs are not available.
| FxPro | Spreadex | |
|---|---|---|
| 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 |
Verdict
FxPro is regulated by several authorities globally, including the top-tier FCA.
On the plus side, opening an account is fast and takes place fully online and there are a lot of free deposit/withdrawal options. FxPro has great customer service, with many languages supported.
FxPro has some drawbacks though. Its product range is limited to CFDs and forex. Its trading fees are generally low, but relatively high for some stock CFDs. A $15 one-off account maintenance fee and a monthly $5 fee is charged after 12 months of inactivity.*
We recommend FxPro for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. Feel free to test it via the demo account.
*May vary on jurisdiction
| FxPro | |
|---|---|
| Summary | FxPro is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the SCB at the Bahamas. It is also licensed by South Africa's FSCA. |
| Fees score | 3.8 stars |
| Recommended for | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
Spreadex alternatives
City Index
City Index is a global CFD and FX broker founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS).
City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
Recommended for forex and cfd traders looking for low forex fees and great research tools
| Pros | Cons |
|---|---|
|
• Low fees for forex
|
• Product portfolio limited to forex and CFDs
|
|
• Fast and smooth account opening
|
• High stock CFD fees
|
|
• Diverse research tools
|
• Non-user-friendly desktop platform
|
Fees
City Index has low fees for forex trading and there is no withdrawal fee. On the other hand, stock CFD fees are high and an inactivity fee kicks in after one year.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• No withdrawal fee
|
• High stock CFD fees
|
| City Index | Spreadex | |
|---|---|---|
| Apple benchmark fee | $22.7 | $8.9 |
| Vodafone benchmark fee | $25.2 | $6.7 |
| EURUSD benchmark fee | $13.8 | $13.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• No minimum deposit
|
|
| City Index | Spreadex | |
|---|---|---|
| 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.
Deposit and withdrawal
City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Problem with credit card withdrawal
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| City Index | Spreadex | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
|
|
• Good variety of order types
|
|
| City Index | Spreadex | |
|---|---|---|
| Web platform score | 4.3 stars | 4.5 stars |
| Mobile platform score | 4.3 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.
Markets and products
At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.
| City Index | Spreadex | |
|---|---|---|
| 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 |
Verdict
City Index is a great CFD and forex broker, regulated by top-tier financial authorities such as the UK's FCA.
On the positive side, it has low forex fees, a smooth account opening process and high-quality research tools.
It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.
As there is no required minimum balance, no withdrawal fee, and an inactivity fee only kicks in after one year, feel free to try City Index.
Below you can find links to all aspects of City Index in this comprehensive collection.
| City Index | |
|---|---|
| Summary | City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange. |
| Fees score | 3.6 stars |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
Spreadex alternatives
CMC Markets
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.
Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
Recommended for forex and cfd traders looking for an advanced trading platform with many research tools
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• High stock CFD fees
|
|
• Great web and mobile platforms
|
• Only CFDs are available
|
|
• Advanced research and educational tools
|
• Customer support only 24/5
|
Fees
CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• High stock CFD fees
|
|
• No withdrawal fee
|
|
| CMC Markets | Spreadex | |
|---|---|---|
| Apple benchmark fee | $22.9 | $8.9 |
| Vodafone benchmark fee | $23.4 | $6.7 |
| EURUSD benchmark fee | $15.4 | $13.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
The account opening process is fully digital and there's no minimum deposit.
| Pros | Cons |
|---|---|
|
• Fully digital
|
None |
|
• No minimum deposit
|
|
| CMC Markets | Spreadex | |
|---|---|---|
| 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.
Deposit and withdrawal
You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• £15 fee for international bank transfers
|
|
• No deposit fee
|
|
|
• Several account base currencies
|
|
| CMC Markets | Spreadex | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.
| Pros | Cons |
|---|---|
|
• Two-step (safer) login
|
None |
|
• Good customizability (for charts, workspace)
|
|
|
• Modern design
|
|
| CMC Markets | Spreadex | |
|---|---|---|
| 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.
Markets and products
CMC Markets offers an exceptionally wide selection of CFDs and forex pairs, but you can't trade other popular asset classes such as real stocks or ETFs (except for Australian clients).
| CMC Markets | Spreadex | |
|---|---|---|
| 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 |
Verdict
CMC Markets is overseen by top-tier regulators and is one of the best CFD and forex brokers out there.
On the plus side, it has low forex fees, well-developed trading platforms, and terrific research and educational tools.
There are also a few drawbacks, though. Stock CFD fees are high, and the product selection covers only CFDs (forex, indices, commodities, shares, shares baskets, ETFs, rates, and bonds), meaning no real stocks or ETFs available (except for Australian clients).
Feel free to test CMC Markets's first-class trading platform, as it has great features and requires no minimum deposit to open an account.
| CMC Markets | |
|---|---|
| Summary | CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA. |
| Fees score | 3.5 stars |
| Recommended for | Forex and CFD traders looking for an advanced trading platform with many research tools |
Spreadex alternatives
Spreadex
Spreadex is a global CFD and forex broker founded in 1999. It is regulated by the top-tier UK Financial Conduct Authority (FCA). The company also operates a separate sports betting service.
Spreadex is considered safe because it has a long track record and is regulated by a top-tier financial authority.
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.
Recommended for spread, forex and cfd traders looking for low fees and great deposit/withdrawal options
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Thin product selection
|
|
• Good web platform
|
• No desktop platform
|
|
• Helpful customer service
|
• Limited research and education tools
|
Fees
Spreadex has low forex fees and low stock CFD fees, and it charges no inactivity fee.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
None |
|
• No inactivity fee
|
|
| Spreadex | Trade Nation | FxPro | City Index | CMC Markets | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $3.0 | $2.5 | $2.7 | $2.6 | $2.9 |
| Europe 50 index CFD fee | $1.6 | $1.2 | $2.1 | $2.5 | $2.6 |
| EURUSD benchmark fee | $13.7 | $25.4 | $15.0 | $13.8 | $15.4 |
| GBPUSD benchmark fee | $8.1 | $25.6 | $12.2 | $8.8 | $10.3 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX
Account opening
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.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Slower-than-average account verification
|
|
• No minimum deposit
|
|
|
• User-friendly
|
|
| Spreadex | Trade Nation | FxPro | City Index | CMC Markets | |
|---|---|---|---|---|---|
| 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.
Deposit and withdrawal
Deposit and withdrawal, via bank transfer or credit/debit cards, are quick and mostly free. However, the account currency selection is rather average.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Average account currency selection
|
|
• No deposit fee
|
|
|
• Free withdrawal in most cases
|
|
| Spreadex | Trade Nation | FxPro | City Index | CMC Markets | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
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.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No two-step (safer) login
|
|
• Clear fee report
|
• Available only in English
|
|
• Good search function
|
|
|
• Guaranteed stop
|
|
| Spreadex | Trade Nation | FxPro | City Index | CMC Markets | |
|---|---|---|---|---|---|
| Web platform score | 4.5 stars | 4.5 stars | 2.8 stars | 4.3 stars | 5.0 stars |
| Mobile platform score | 4.5 stars | 4.3 stars | 4.3 stars | 4.3 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.
Markets and products
At Spreadex you can only trade forex, CFDs, and spread betting. Popular asset classes such as real stocks, ETFs, or bonds are missing.
| Spreadex | Trade Nation | FxPro | City Index | CMC Markets | |
|---|---|---|---|---|---|
| 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 | No | Yes | Yes | Yes |
Verdict
Spreadex is a forex and CFD broker regulated by the top-tier UK FCA.
Spreadex has low forex fees; it offers a good web trading platform; and any problems or enquiries are taken care of by its helpful and fast customer service.
On the flip side, Spreadex's product portfolio is limited to forex and CFDs, meaning that popular asset classes such as real stocks or mutual funds are missing. In addition, there is no desktop platform, while the quality and quantity of research tools and education materials is quite poor.
As Spreadex has a user-friendly web platform and requires no minimum deposit, we encourage you to give it a try.
| Spreadex | |
|---|---|
| Summary | Spreadex is a UK CFD and Forex broker. It is regulated by FCA and is available globally for clients. |
| Fees score | 4.3 stars |
| Recommended for | Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options |
Spreadex alternatives
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.
| Broker | Info | Recommended for |
|---|---|---|
| Spreadex | Global CFD and forex broker | Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options |
| Trade Nation | Global forex and CFD broker | Spread, forex and CFD traders looking for a great trading platform and quality customer service |
| FxPro | Global CFD and forex broker | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
| City Index | Global CFD and forex broker | Forex and CFD traders looking for low forex fees and great research tools |
| CMC Markets | 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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