The best alternatives to Spreadex are
- HYCM - Global CFD and forex broker
- CMC Markets - Global CFD and forex broker
- XTB - Global CFD and forex broker
- City Index - Global CFD and forex broker
Let's see in a bit more detail how the Spreadex alternatives compare to Spreadex and each other:
| Spreadex | HYCM | CMC Markets | XTB | City Index | |
|---|---|---|---|---|---|
| Overall score | 4.3 | 4.3 | 4.6 | 4.6 | 4.6 |
| Fees score | 4.0 stars | 3.9 stars | 3.5 stars | 3.7 stars | 3.8 stars |
| Account opening score | 4.4 stars | 5.0 stars | 4.1 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.3 stars | 4.5 stars | 4.8 stars | 4.5 stars | 4.3 stars |
| Web platform score | 4.4 stars | 2.8 stars | 4.4 stars | 4.4 stars | 4.3 stars |
| Markets and products score | 1.7 stars | 2.0 stars | 2.2 stars | 2.8 stars | 2.0 stars |
|
Open account
69% of retail CFD accounts lose money |
Open account
72% of retail CFD accounts lose money |
Open account
76% of retail CFD accounts lose money |
Open account
82% of retail CFD accounts lose money |
Open account
75% 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 forex and cfd traders looking for low fees and great deposit/withdrawal options
- HYCM is recommended for forex and cfd traders who prefer the metatrader platform
- CMC Markets is recommended for forex and cfd traders looking for an advanced trading platform with many research tools
- XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
- City Index is recommended for forex and cfd traders looking for low forex fees and great research tools
Important factors of finding Spreadex alternatives
So far BrokerChooser has reviewed 78 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
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. 69% 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. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit. This site is intended for those persons of 18 years or older.
Recommended for 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. However, stock index CFD fees are relatively high.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock index CFD fees |
| • No inactivity fee |
| Spreadex | HYCM | CMC Markets | XTB | City Index | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $1.8 | $1.0 | $1.5 | $1.4 | $1.2 |
| Europe 50 index CFD fee | $3.2 | $0.9 | $1.9 | $1.8 | $1.9 |
| EURUSD benchmark fee | $6.7 | $7.1 | $8.0 | $8.3 | $6.3 |
| GBPUSD benchmark fee | $4.8 | $8.2 | $7.1 | $6.0 | $5.5 |
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 | HYCM | CMC Markets | XTB | City Index | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $100 | $0 | $0 | $100 |
| Time to open account | 1-3 days | 1 day | 1-3 days | 1 day | 1 day |
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 | HYCM | CMC Markets | XTB | City Index | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes | No | Yes |
| Electronic wallets | No | Yes | Yes | No | 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 | HYCM | CMC Markets | XTB | City Index | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 2.8 stars | 4.4 stars | 4.4 stars | 4.3 stars |
| Mobile platform score | 4.4 stars | 3.8 stars | 4.4 stars | 4.4 stars | 4.3 stars |
| Desktop platform score | - | 3.4 stars | 3.4 stars | 4.4 stars | 3.0 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 | HYCM | CMC Markets | XTB | City Index | |
|---|---|---|---|---|---|
| Stock | No | No | No | Yes | No |
| ETF | No | No | No | Yes | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | No | Yes | 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 | 4.0 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal options |
Spreadex alternatives
HYCM
HYCM or Henyep Markets is a global CFD and forex broker. HYCM's parent company, Henyep was established in 1977. The broker is regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
HYCM's UK operation is considered safe because it has a long track record and it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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 who prefer the metatrader platform
| Pros | Cons |
|---|---|
| • Low forex and CFD fees | • Only forex and CFD products |
| • Great educational content | • Trading platforms have outdated design |
| • User-friendly account opening | • Inactivity fee |
Fees
HYCM has low forex and CFD trading fees. It's also great that the broker charges no deposit and withdrawal fees in most cases. On the negative side, there is a quite high inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • Low CFD fees |
| HYCM | Spreadex | |
|---|---|---|
| Apple benchmark fee | $4.7 | $7.5 |
| Vodafone benchmark fee | - | $5.8 |
| EURUSD benchmark fee | $7.1 | $6.7 |
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 HYCM is seamless and fully digital. Our account was verified within one business day. The minimum deposit is also low: $100 for Classic and Fixed accounts and $200 for Raw accounts.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| HYCM | Spreadex | |
|---|---|---|
| Minimum deposit | $100 | $0 |
| Time to open account | 1 day | 1-3 days |
If you are interested more in HYCM minimum deposit, this overview will help you.
Deposit and withdrawal
HYCM offers free and fast deposit and withdrawal options, including traditional methods such as bank transfer and credit card funding as well as various e-wallets. On the other hand, the number of available account currencies lags behind some of HYCM's competitors.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Average account currency selection |
| • Free withdrawal | |
| • No deposit fee |
| HYCM | Spreadex | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
HYCM's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages and has a clear fee report. On the other hand, the platform lacks a two-step login or price alerts and its 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 |
| HYCM | Spreadex | |
|---|---|---|
| Web platform score | 2.8 stars | 4.4 stars |
| Mobile platform score | 3.8 stars | 4.4 stars |
| Desktop platform score | 3.4 stars | - |
Learn more about HYCM's web trading platform in the detailed HYCM review.
Markets and products
At HYCM you can only trade with forex and other CFDs (commodities, stock indices, futures, and share CFDs). Popular asset classes, such as real stocks, bonds, mutual funds and options are missing.
| HYCM | Spreadex | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
HYCM is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA.
On the plus side, HYCM has low forex and CFD fees. The education section, especially the webinars are more informative and enjoyable than what some other brokers offer. The account opening is seamless and there are a lot of free deposit & withdrawal options.
On the flip side, the product portfolio at HYCM is limited as the broker only offers forex and CFDs. In our view, the MetaTrader platforms that the broker uses have an outdated design. HYCM charges an inactivity fee: $10 per month after only 90 days of inactivity.
We recommend HYCM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.
| HYCM | |
|---|---|
| Summary | HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA. |
| Fees score | 3.9 stars |
| Recommended for | Forex and CFD traders who prefer the MetaTrader platform |
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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.
CMC Markets is considered safe because it has a long track record, is listed on stock exchange, and is overseen by top-tier regulators.
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 | • Limited product portfolio |
| • Advanced research and educational tools | • Complicated account verification |
Fees
CMC Markets has competitive forex 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 | $21.5 | $7.5 |
| Vodafone benchmark fee | $25.2 | $5.8 |
| EURUSD benchmark fee | $8.0 | $6.7 |
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, but confusion about what documents to upload for identification can prolong the verification process.
| Pros | Cons |
|---|---|
| • Fully digital | • Complicated account verification |
| • 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. On the other hand, it lacks two-step authentication.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | |
| • Modern design |
| CMC Markets | Spreadex | |
|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars |
| Mobile platform score | 4.4 stars | 4.4 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's product selection covers only CFDs, forex and crypto. You can't trade other popular asset classes such as real stocks, bonds, mutual funds, options or futures.
| CMC Markets | Spreadex | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | 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 useful research and educational tools.
There are also a few drawbacks, though. Stock CFD fees are high, and the account verification process is not always seamless. Also, its product selection covers only CFD and forex asset classes, meaning no real stocks, bonds or mutual funds.
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 regulators like 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
XTB
XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.
XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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 fees and great deposit/withdrawal service
| Pros | Cons |
|---|---|
| • Low forex fees | • High fees for stock CFDs |
| • Free and fast deposit and withdrawal | • Product portfolio limited mostly to CFDs and FX |
| • Easy and fast account opening | • Limited fundamental data |
Fees
XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Free withdrawal for transfers above $100 |
| XTB | Spreadex | |
|---|---|---|
| Apple benchmark fee | $17.3 | $7.5 |
| Vodafone benchmark fee | $20.8 | $5.8 |
| EURUSD benchmark fee | $8.3 | $6.7 |
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
XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| XTB | Spreadex | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1-3 days |
If you are interested more in XTB minimum deposit, this overview will help you.
Deposit and withdrawal
XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| XTB | Spreadex | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| XTB | Spreadex | |
|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars |
| Mobile platform score | 4.4 stars | 4.4 stars |
| Desktop platform score | 4.4 stars | - |
Learn more about XTB's web trading platform in the detailed XTB review.
Markets and products
XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
| XTB | Spreadex | |
|---|---|---|
| Stock | Yes | No |
| ETF | Yes | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.
On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.
XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.
We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.
| XTB | |
|---|---|
| Summary | XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec. |
| Fees score | 3.7 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
Spreadex alternatives
City Index
City Index is a global CFD and FX broker that was founded in 1983. City Index is the trading brand of GAIN Capital, which is listed on the New York 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 | • Limited product portfolio |
| • 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 and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee after one year.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • High stock CFD fees |
| City Index | Spreadex | |
|---|---|---|
| Apple benchmark fee | $21.3 | $7.5 |
| Vodafone benchmark fee | $27.6 | $5.8 |
| EURUSD benchmark fee | $6.3 | $6.7 |
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 | $100 | $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 | 4.4 stars |
| Mobile platform score | 4.3 stars | 4.4 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 with CFDs, forex, and cryptos. Other asset classes, like real stocks or funds, are not available.
| City Index | Spreadex | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | 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 minimum balance required, no withdrawal fee and an inactivity fee only kicks in after one year, feel free to try City Index.
| City Index | |
|---|---|
| Summary | City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange. |
| Fees score | 3.8 stars |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
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 | Forex and CFD traders looking for low fees and great deposit/withdrawal options |
| HYCM | Global CFD and forex broker | Forex and CFD traders who prefer the MetaTrader platform |
| CMC Markets | Global CFD and forex broker | Forex and CFD traders looking for an advanced trading platform with many research tools |
| XTB | Global CFD and forex broker | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
| City Index | Global CFD and forex broker | Forex and CFD traders looking for low forex fees and great research tools |
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