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Written by: Krisztián G. Updated: Dec 2022
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Spreadex app

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as 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 mobile app vs. similar brokers
Spreadex Trade Nation FxPro
Mobile app rating (5 is the best) 4.5 stars 4.3 stars 4.3 stars
User-friendliness Great Great Great
2-step authentication No No Yes
Biometric authentication No Yes No

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64% of retail CFD accounts lose money

We're going to take a closer look at search functions, price alerts and order types, so all the little details that determine whether a trading app is user-friendly or downright cumbersome. If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the Spreadex review.

Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Spreadex app - Spreadex app

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64% of retail CFD accounts lose money

Spreadex app
Our main checklist for the Spreadex app

Let's start with the search functions. Although most brokers do OK in this area, 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 '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, meaning its search functions are reasonably good.

Spreadex checklist
Spreadex Trade Nation FxPro
Search functions Great Great Great
2-step authentication No No Yes
Biometric authentication No Yes No
Price alerts in the app Yes Yes Yes
Confirmation after successful trade Yes Yes No

We hear horror stories almost every month about accounts being emptied out by hackers - the easiest thing you can do to prevent these attacks is to make your account secure by enabling 2-step authentication. That is, if your broker offers this service. We think it is a must. As Spreadex doesn't have this functionality, you might want to consider having a look at another trading platform.

We didn't like that you can't use biometric authentication to log in to the app. Most brokers have this function (e.g. via fingerprints or FaceID) to save you from having to type in your password every time, making it a convenient feature.

Spreadex app - Spreadex app search functions

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64% of retail CFD accounts lose money

Spreadex app
Checklist for nice-to-have features

For some people it might be a deal-breaker if you can't set up a trailing stop limit - we totally get that. Others couldn't care less and also don't get excited if the app is available in 25 languages. Anyway, here is our checklist of minor, nice-to-have features:

Spreadex has these order types available in its app: Market, Limit, Stop, Trailing Stop, Guaranteed Stop.

At Spreadex you can use the following order terms & expiry in the app: Good 'til canceled (GTC), Good 'til time (GTT).

The Spreadex mobile app currently supports the following languages: English.

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64% of retail CFD accounts lose money

Spreadex app
The BC Award-winning brokers

Still unsure about your broker selection? Click here to see which free stock trading apps are the best.

Or you could take a peek at the best trading platform awards we gave to brokers serving European clients.

If you're not in the US or the EU you'll find this award the most interesting.

Let us know what you think in the comments section.

If you would like a tailored recommendation you can use our broker finder tool, or you can learn more about investing your money.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His 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

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64% of retail CFD accounts lose money

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