SpreadEx
4.3/5

SpreadEx

Fantastic customer service coupled with a wide range of markets, UK-based and also offers sports betting options.

64% of retail investors lose money when trading spread bets and CFDs with this provider.

Pros
  • Offers both sports betting and financial spread betting, providing a unique blend of services
  • Regulated by the UK Financial Conduct Authority (FCA), ensuring high standards of security and fairness
  • Provides a wide range of markets including forex, shares, indices & commodities
  • User-friendly platform suitable for both beginners and experienced traders
  • Offers tight spreads and leverage, enhancing trading opportunities
Cons
  • Platform features may be less comprehensive compared to dedicated financial trading platforms
  • Limited global availability, primarily focused on the UK market
  • May not offer the same depth of resources and tools as some larger brokers

Introduction

SpreadBet Homepage Screenshot Feb 2024

Spreadex, established in 1999 and headquartered at Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU, has carved out a niche in the financial trading and sports betting markets. As a Market Maker/Dealing Desk (MM/DD) broker, Spreadex offers a unique blend of services tailored to meet the needs of a diverse clientele. This review delves into the specifics of Spreadex’s offerings, platforms, and services based on the provided details.

Trading Platforms

Spreadex Financial Trading App

The Spreadex Financial Trading App is at the heart of Spreadex’s trading platform offerings. Designed for both financial trading and sports betting, the app provides a seamless, user-friendly interface that allows traders and bettors access to the markets on the go.

Their core features include:

  • Trade spread bets and CFDs from one account
  • A fully customisable screen to organise your trading 
  • Advanced Charting tools with Pattern Recognition and Pro Trend lines
  • Fast and fair, award-winning execution*
  • Advanced Orders including Force Opens
  • Price Alerts by text, push or email

TradingView

Spread betting on SpreadEx through TradingView

Trading through TradingView with SpreadEx combines the analytical power of TradingView’s charting and analysis tools with Pepperstone’s robust trading execution. This integration allows traders to benefit from the following key features:

  • Direct Trading from Charts: Users can execute trades directly within TradingView’s platform when connected to a their trading account. This seamless integration ensures that traders can act quickly on TradingView’s comprehensive market analysis without switching platforms.
  • Comprehensive Market Analysis Tools: TradingView offers an extensive range of charting tools, technical indicators, and drawing tools, enabling traders to conduct in-depth market analysis.
  • Access to SpreadEx’s Trading Conditions: Traders using TradingView with SpreadEx enjoy access to SpreadEx’s competitive spreads, low latency execution, and a wide range of financial instruments, including Forex, CFDs on indices, commodities, cryptocurrencies, and stocks.
  • Social Trading Features: TradingView is known for its social network for traders, where users can share trading ideas, strategies, and insights. Integrating with SpreadEx allows traders to not only share their insights but also act on them directly through their brokerage account.
  • Customizable Trading Experience: Users can customize their TradingView platform with preferred indicators, tools, and charts, and then directly trade with those setups through their SpreadEx account. This customization extends to alerts and notifications that can be set up based on specific market conditions or indicators.
  • Ease of Use: The integration is designed to be straightforward, allowing for easy connection of accounts with TradingView. This ease of use ensures that traders of all levels can take advantage of TradingView’s analytical tools and execute trades with SpreadEx’s reliable execution.

Education

SpreadEx provides comprehensive trading education courses / articles that are easy to access and super helpful for beginners. Our favourite was their ‘What is Spread Betting‘ article which proved to be a really comprehensive article with very useful accompanying video.

Key Account Specifications

  • Minimum Deposit: 0.0 GBP, offering barrier-free entry to trading and betting.
  • Maximum Leverage: 1:30, in line with regulatory standards to ensure responsible trading.
  • Stop Out Level: 100%, safeguarding traders from negative balance risks.
  • Commission: 0 USD, making trading cost-effective.
  • Spread Type: Variable Spread, adapting to market conditions for competitive pricing.
  • Account Currencies: GBP, EUR, USD, catering to a broad user base.

Trading Restrictions and Features

  • EA Restriction: Expert Advisors are not supported, focusing the trading experience on manual strategies.
  • Scalping Restriction: Scalping strategies are limited, aligning with Spreadex’s trading conditions.
  • Hedging: Available, providing traders with more strategies to manage risk.
  • Negative Balance Protection (NBP): Ensures clients cannot lose more than their deposited funds.
  • Islamic Account: Sharia-compliant trading conditions are available upon request.

Deposit and Withdrawal

Spreadex excels in its deposit and withdrawal processes. With four funding options, the broker makes it straightforward for clients to manage their finances. However, it’s worth noting that Spreadex charges £1 on deposits under £50.

Account Details

Minimum Deposit

SpreadEx is accessible with NO ow minimum deposit, welcoming to beginners and casual traders – however we recommend at least £250-£500 for a first time depositor giving a few good trades to test the platform functionality and get used to it.

Leverage

The platform offers leverage options tailored to the financial spread betting market, adhering to regulatory limits to ensure responsible trading.

Trade Volume

SpreadEx allows for a broad range of trade sizes, accommodating different trading strategies and risk appetites.

Commission & Spreads

Competitive pricing with tight spreads and low commission rates on trades, varying by market.

Trading Instruments

SpreadEx Trading Instruments for Spread Betting screenshot Feb 2024
They have more but here is just a small snippet!

SpreadEx provides a diverse selection of instruments, including:

  • Indices, shares, FX, and commodities for financial spread betting.
  • A wide range of sports and events for sports betting – if that kind of thing takes your fancy!

This variety offers users the flexibility to engage in multiple markets from a single platform.

Regulatory Licenses

SpreadEx is, of course, licensed by the FCA and is a safe, reliable and broker by all means.

Customer Support

SpreadEx prides itself on offering exceptional customer service, with various channels available for support, including live chat, email, and phone. In our experience, they scored the highest on customer service response time, ease of contact and overall friendliness – they were just a nice bunch.

Additional Features

  • Educational Resources: SpreadEx provides educational materials and trading guides to help users understand spread betting and trading strategies.
  • Risk Management Tools: Features like stop-loss orders are available to help traders manage their risks effectively.

Conclusion

SpreadEx stands out in the trading community for its unique combination of financial and sports spread betting services. Its proprietary platform is tailored to provide an optimal user experience, accommodating a wide range of trading and betting needs. With competitive pricing, a diverse range of markets, and strong regulatory adherence, SpreadEx is a compelling choice for those interested in exploring the opportunities spread betting has to offer.

SpreadEx Details

Trading Platform
Deposit Methods
Devices
Established

£250 recommended deposit 

Best Service
Founded in 1999, one of the old-heads in the industry, SpreadEx has won multiple accolades for it's outstanding customer service and great range of markets. 

4.0
Market Range
4.0
Trading Platforms
5.0
Customer Service
4.0
Fees and Costs
4.3 Overall Rating

Leave a Reply

Your email address will not be published. Required fields are marked *

New Providers
TradingView

TradingView is one of, if not THE, most popular trading platform in the world. They offer an incredible range of indicators & markets with great customizable indicators through their easy-to-learn PineScript language.

Pepperstone

Trusted, Australian-Based Broker 
Excellent user experience with commonly used software options MT4, MT5 & cTrader 

SpreadEx

Fantastic customer service coupled with a wide range of markets, UK-based and also offers sports betting options.

ActivTrades

ActivTrades, established in 2001 is a multi-national company with their own proprietary trading platform.

FxPro

Founded in 2006, FXPro is a global company that excels in forex / currency trading and has won numerous international awards

SpreadEx
4.3/5