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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 mobile app vs. similar brokers
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

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69% of retail CFD accounts lose money

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 checklist
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 search functions

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69% of retail CFD accounts lose money

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.

Open account
69% of retail CFD accounts lose money

Spreadex app
The BC award winner 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 platforms 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 want a tailored recommendation then you can use the broker finder or you can learn more about investing your money here.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also 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 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also 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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