Spreadex app
As more and more traders and investors use their smartphones as their primary trading platform, it is increasingly important that brokers come up with easy to use apps that can match the functionality of the desktop platforms.
In this article we'll check whether Spreadex's mobile app ticks all the boxes.
Overall, we rate the user friendliness of the app as better than average.
| Spreadex | HYCM | CMC Markets | |
|---|---|---|---|
| Mobil app rating (5 is the best) | 4.4 stars | 3.8 stars | 4.4 stars |
| Is the app easy to use? | Great | Great | Great |
| 2-step authentication possible? | No | No | No |
| Biometric authentication possible? | No | No | Yes |
We're going to look at order types, price alerts, search functions, so all the little details that make a trading app user-friendly or downright cumbersome. Should you prefer to read our full review that include fees, deposit options, and other platforms (like web and desktop) then skip to Spreadex's full review.
Spreadex app
Our major checklist for the Spreadex app
Let's start with the search functions. While this might be up to personal taste, we use a 3-star rating here. While most brokers do OK here, there are some bad apples out there. For example if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with the word Emerging? If you only ever traded US stocks, and start typing Apple, will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Spreadex got the green light (or all the 3 stars if you will), meaning search functions are reasonably good.
| Spreadex | HYCM | CMC Markets | |
|---|---|---|---|
| Search functions are OK? | Great | Great | Great |
| Price alerts in the app | Yes | Yes | Yes |
| 2-step authentication possible? | No | No | No |
| Biometric authentication possible? | No | No | Yes |
| Confirmation after successful trade | Yes | No | Yes |
We hear horror stories of accounts being emptied almost every month and the easiest thing you can do to prevent these attacks is to make your account secure by 2 -step authentication. That is, if your broker has the functionality. We think it is a must. As Spreadexdoesn't have this functionality you might want to consider having a look at the best trading platforms.
We didn't like that you can't use biometric authentication to log into the app. Most brokers have this function (e.g. via fingerprints or FaceID) so you don't have to type your password if you don't want to.
Spreadex app
Checklist for nice to have features
It might be a deal-breaker for some if you can't set up a trailing stop limit and we totally get it. On the other hand, some people couldn't care less about that and also don't get excited if the app is available in 25 languages. Anyway, here is our minor checklist:
Spreadex has these order types available in their app: Market, Limit, Stop, Trailing Stop, Guaranteed Stop.
At Spreadex you can use the following order temrs & expiry in the app: Good 'til canceled (GTC), Good 'til time (GTT).
The languages the mobile app of Spreadex currently supports are as follows: English.
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Spreadex app
The BC award winner brokers
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