Spreadex Review

Richard Montana | March 24, 2022

Spreadex is a London-based online broker popularly known for their services in spread betting. With their web-based trading platform and mobile trading apps, traders can trade spread bets and CFDs on forex, crypto, indices, commodities, stocks, and bonds.

Pros / Cons
  • Strict regulation
  • Advanced charting & trading tools
  • Proprietary platform
  • No US clients
  • Inadequate educational materials
  • Limited payment methods
  • No MetaTrader platforms
  • Restricted leverage
  • Market maker
  • Not the lowest spreads


Based in London, Spreadex is an online broker that offer spread betting and CFD trading services on more than a thousand instruments spread across eight asset classes — forex, commodities, indices, stocks, bonds, ETFs, options, and cryptocurrencies — through their proprietary web-based trading platform and mobile trading apps.

Their clients are provided with many advanced charting and trading tools including candlestick pattern recognition tools. The broker is authorized and regulated by the FCA, with clients’ funds maintained in segregated accounts in top U.K. banks. However, they could improve on their educational resources, increase their payment channels and start providing the MetaTrader platforms to traders.

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Spreadex is a U.K. financial spread-betting broker, so they are fully authorized and regulated by the Financial Conduct Authority (FCA) — the government body that regulates financial service firms in the UK. The broker has been around for many years, serving their ever-growing client base. They do not accept clients based in the United States.

Funds from retail clients are kept in a segregated account in accordance to the Financial Conduct Authority (FCA) client money rules. This means that the broker should not use clients’ money for their operations. Being a regulated UK broker, Spreadex is a member of the Financial Services Compensation Scheme (FSCS), an organization that compensates eligible investors to the tune of £20,000 should the broker go bankrupt.

So, the broker appears trustworthy and well regulated. Spreadex has a stable and profitable track record and is listed in the Financial Times Europe’s fastest-growing 1000 list.

Spreadex offers their services to residents of the UK, Ireland, and other EU member nations that support spread betting, as they are still under the CFD trading rules of the European Securities and Markets Authority (ESMA) regarding leverage restrictions, margin closeout, and negative balance protection.

The broker states that the information on their website is neither targeted at the general public of any particular country nor intended for distribution to residents in any country where such distribution or use would contravene any law or regulatory requirement.


Spreadex Web Trading Platform

The broker provides a fully-customizable, fast, and reliable proprietary web-based platform for trading spread bets and CFDs. It comes with advanced charting tools with pattern recognition and pro trend lines; price alerts via text, push, or email; and advanced orders including force opens.

Spreadex Web Trading Platform

Spreadex Web Trading Platform

 iPhone Trading App

Spreadex Financial Trading App for iPhone enables you to trade the financial markets on the go. The app comes with advanced charting tools, price alerts, advanced orders, SSL encryption, and fingerprint login to help keep your data secure.

Spreadex iPhone Trading App

Spreadex iPhone Trading App

iPad Trading App

This is the Spreadex Financial Trading App for iPad. Clients can trade thousands of financial markets on the go using their iPads. The app can be downloaded from the broker’s website.

Spreadex iPad Trading App

Spreadex iPad Trading App

Android Trading App

Traders who use Android phones can download the Spreadex Financial Trading App for Android devices so they can access the markets any time, anywhere.

Spreadex Android Trading App

Spreadex Android Trading App


Candlestick Pattern Recognition

Spreadex has an advanced and automatic candlestick pattern recognition tool on their platform which is available to all customers for free. The tool can be accessed on any desktop chart. To enable the tool, go to the menu at the top corner of the chart and select: Technical -> Pro Trading Tools -> Candle Patterns. After enabling it, you can configure the tool to the specific candlestick pattern you want.

Spreadex Candlestick Pattern Recognition

Spreadex Candlestick Pattern Recognition

Technical Analysis: Chart Patterns

The broker provides a guide to recognizing the various chart patterns, such as the ascending, descending, and symmetrical triangles; the bull and bear flags; the double top and bottom; the head and shoulder and the inverse one; and the different types of channels. This can help traders in identifying potential trading opportunities.

Economic Diary

Spreadex provides daily and weekly economic diary on their website. The diary contains the time for all scheduled economic announcements, data releases, and any event of economic importance that can affect the financial markets.

Spreadex Economic Diary

Spreadex Economic Diary

Economic Indicators

The broker has a section where they analyze all the fundamental data coming to the market — economic indicators like inflation, interest rate announcements, gross domestic product reports, and others.

Spreadex Economic Indicators

Spreadex Economic Indicators


Financial trading blog

The broker also runs a financial trading blog to shed more light on some of the difficult trading topics. Traders can learn a thing or two from their blog.

Video training center

There is a page on the broker’s website called Video Training Center. It has lots of videos that explain how to trade spread betting with the broker, including how to choose the market to trade and how to edit a trade order.

How to use Spreadex trading platform

There are many guides on the broker’s websites that teach clients how to use the broker’s platforms and use the various tools on it.


Spreadex offers spread betting and CFD trading on a wide range of products, including forex, commodities, indices, stock, ETFs, bonds and interest rates.

  • Forex: With Spreadex, you can speculate on over 60 currency pairs including EUR/USD (from 0.6 pts spread) and GBP/USD (from 0.9 pts spread).
  • Commodities: The broker offers spread bets and CFD trades on several commodities. The most popularly traded commodities on their platform are gold, silver, Brent crude oil, natural gas, and light crude oil.
  • Indices: Spreadex offers spread bets and CFDs on more than 30 equity indices from the major markets around the globe, including the US 30, US 500, UK 100, Japan 225, Germany 30, and a few others.
  • Stocks: You can speculate on the price movements of more than 1000 global stocks, including AIM (Alternative Investment Market) stocks with a market capitalization of £1m+.
  • ETFs: There are over 200 ETFs for either spread betting or CFD trading.
  • Bonds and interest rates: The broker offers spread bets and CFD trades on several government bonds.
  • Cryptocurrency: You can speculate on bitcoin, bitcoin cash, ether, ripple, litecoin, and ripple.
  • Options: You can also trade call and put options.
Spreadex Range of Markets

Spreadex Range of Markets


The broker offers only a single account type. With that account, a trader can choose to spread bet on the over 1000 tradable instruments available on platform or trade CFDs. Spreadex accounts do not have any joining fees, minimum deposit requirements, or any obligation to trade. You can start trading with any amount.

Both spread bets and CFDs are leveraged instruments, so traders can trade on a margin, which can be as low as 0.5 % for stock indices. The broker offers variable spreads from around 0.6pips, with no commissions on some instruments. These are not the lowest spreads that we have seen when compared to many other trading brokers, some of whom offer raw spreads starting from 0 pips.


Spreadex has a dedicated customer support service that is available Mondays to Fridays from 8:00 am to 5:30 pm London Time, providing traders with the needed assistance all through the trading hours. The customer service team can be reached through so many channels, including Live Chat, email, and phone calls.

They can also be reached through their social media handles on LinkedIn, Instagram, Twitter, YouTube, and Facebook.


Spreadex accepts payment from any of the following methods:

  • UK Debit Card: The broker accepts Visa, Switch/Maestro, and MasterCard. They may charge £1 on debit card deposits under £50. The minimum withdrawal amount is £50.
  • Credit Card: Spreadex accepts MasterCard and Visa credit cards. Payment can be made online or over the phone.
  • Bank Transfer: Both deposits and withdrawals can be made via bank transfer. The broker’s account number and the Sort Code are on their website.
  • Cheque: It is also possible to deposit with a cheque.
  • Direct debit: Interested traders can make arrangements for direct debit.

Spreadex does not accept any third party payments, and at the moment, they do not accept deposits from E-Wallets such as Moneybookers, Paypal, Neteller, Ukash, and others.


Opening an account with Spreadex is easy. Just click on the ‘Create An Account’ button on the top right corner of the broker’s website and fill the form that is displayed.

Spreadex Account Opening Form

Spreadex Account Opening Form

Then, confirm your email and upload your KYC documents, which include your means of identification and proof of address. When the documents are verified, which may take a few days, you can fund your account and start trading.


Spreadex is a popular spread betting broker in the UK. They offer spread bets and CFDs on more than a thousand instruments spread across forex, commodities, indices, stocks, bonds, ETFs, options, and cryptocurrencies through their proprietary web-based trading platform and mobile trading apps. The broker is fully authorized and regulated by the FCA, and their clients’ funds are kept in segregated accounts in top UK banks.

However, Spreadex could increase their payment methods and improve their educational resources. Furthermore, they do not provide the popular MetaTrader platforms nor do they have any social trading platform integration. You may wish to view our best trading brokers for alternative options.

Spreadex Logo

Min $1 Deposit

Spreadex is a UK based online broker known for their services in spread betting. With their web-based trading platform & mobile trading apps, traders can trade spread bets along with CFDs on forex, crypto, indices, commodities, stocks & bonds.

67% of retail investors lose money when trading spread bets and CFDs with this provider.

About the Author

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.