Updated October 13, 2026 · BrokerCue Editorial Team
Mitrade vs Spreadex
What sets them apart
| Compare |  Mitrade |  Spreadex |
|---|---|---|
| Markets | Stocks, ETFs, Forex, CFDs, Crypto | Stocks, Forex, CFDs, Options, Spread betting |
| Regulators | ASIC, CIMA, CySEC, FSC | Financial Conduct Authority (FCA), UK Gambling Commission |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Platforms | Mitrade trading platform | Web, Mobile |
| Minimum deposit | Not confirmed | £0 |
| Stock trade fee | Not confirmed | £0 |
| Inactivity fee | Not confirmed | $0 |
| Retail accounts that lose money | Not confirmed | 61% |
| EUR/USD spread | Not confirmed | 0.6% |
| Deposit and withdrawal fees | Not confirmed | Free deposits and withdrawals |
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Key differences
- Regulators: only Mitrade offers ASIC, CIMA, CySEC.
- Regulators: only Spreadex offers Financial Conduct Authority (FCA), UK Gambling Commission.
- Mitrade is licensed in 3 more countries.
- Markets: only Mitrade offers ETFs, Crypto.
- Markets: only Spreadex offers Options, Spread betting.
- Platforms: only Mitrade offers Mitrade trading platform.
- Platforms: only Spreadex offers Web, Mobile.
- Features: only Mitrade offers Crypto, Demo account.
Our verdict on each
Mitrade
Mitrade centres on CFDs covering forex, gold, oil and major indices through its own trading platform. It is an EU regulated broker within Mitrade Group and suits retail investors in Europe who want mobile and desktop CFD trading with segregated funds and negative balance protection.
Spreadex
Spreadex suits UK traders who want to deal shares without a trade commission, with the same account carrying forex, CFDs, options and spread betting. Regulated in the UK with FSCS investor protection, it ranks 1 of 161 brands on stock trade fees, which sit at £0.
Score breakdown
| Area | Mitrade | Spreadex |
|---|---|---|
| Cost | Not confirmed | 9.4The minimum deposit is £0, inactivity is $0 and the EUR/USD spread is 0.6%. |
| Offer | 8.8 | 9.1Higher |
| Trust | 9.9Higher | 9.4 |
What each covers
| Markets | Mitrade | Spreadex |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | No |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Options | No | Yes |
| Crypto | Yes | No |
| Spread betting | No | Yes |
How they place
| Ranking | Mitrade | Spreadex |
|---|---|---|
| Stock and ETF brokers | 378 of 471 | 82 of 471 |
| Forex brokers | 127 of 147 | 34 of 147 |
| Low-spread forex brokers | 125 of 145 | 32 of 145 |
| CFD brokers | 106 of 122 | 26 of 122 |
Where each is licensed and available
| Country | Mitrade | Spreadex |
|---|---|---|
| Australia | Not confirmed | |
| Cayman Islands | Not confirmed | |
| Cyprus | Not confirmed | |
| Mauritius | Not confirmed | |
| United Kingdom | Not confirmed |
Sources behind this comparison
Mitrade
- mtdaffiliates.com: 4 facts, checked September 26, 2026
- mitrade.com: 1 fact, checked September 26, 2026
Spreadex
- spreadex.com: 9 facts, checked September 26, 2026
- forexsuggest.com: 2 facts, checked September 26, 2026
- fxempire.com: 2 facts, checked September 26, 2026
- fxscouts.com.au: 2 facts, checked September 26, 2026
- topbrokers.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Mitrade | Spreadex |
|---|---|---|
| Features | Crypto, Demo account, Mobile appCovers more | Mobile app |
| Pricing model | Not confirmed | Commission free, Low fees |
| Legal entity | Not confirmed | Spreadex Limited |
| Headquarters | Not confirmed | United Kingdom |
| Founded | Not confirmed | 1999 |
| Support channels | Not confirmed | Phone, Help centre |
Where each stands against the rest
| Fact | Mitrade | Spreadex | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | £0lowest quarter | £20 |
| Stock trade fee | Not confirmed | £0at the median | £0 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | Not confirmed | 61%lowest quarter | 72.05% |
| EUR/USD spread | Not confirmed | 0.6%below the median | 0.65% |
Median across 47 listed brokers.
Pros and cons
Mitrade
Pros
- Licensed and regulated by CySEC as an EU regulated broker
- Client funds held in segregated accounts with reputable banks
- Negative balance protection limits losses to account balance
Cons
- CFD focused range which does not suit long term physical investors
Spreadex
Pros
- Shares cost £0 to buy and sell, and the pricing model is commission free and low fees.
- A single account covers stocks, forex and cfds, so shares, forex, CFDs, options and spread betting sit side by side.
- Trading runs on Web and Mobile platforms, and a mobile app is part of the feature set.
Cons
- Support runs on phone and help centre only, with no live chat or email listed.
- The risk warning puts 61% of retail accounts losing money.
- The market list runs stocks, forex and cfds, with no crypto, funds or bond offering.
Who each suits
Mitrade
Who it suits
- Retail investors wanting mobile CFD trading
- Europeans seeking an EU regulated CFD provider
Who should look elsewhere
- Long term investors wanting direct share ownership
Spreadex
Who it suits
- UK residents who want to deal shares without a per-trade commission.
- Traders who want forex, CFDs, options and spread betting in the same account.
- Anyone who values a long operating history: Spreadex has run from the UK since 1999.
Who should look elsewhere
- Vantage, for anyone who prefers a stated minimum deposit of $5 to a free entry.
- CFI, whose minimum deposit is quoted in dollars at $0.
- Anyone who wants live chat or email support, because Spreadex lists phone and help centre only.
Country by country
| Country | Mitrade | Spreadex |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
Mitrade
What does Mitrade offer to retail investors?+
Mitrade offers CFD trading on global financial markets through its own trading platform. Investors can trade from desktop and through apps for iOS and Android. A demo account allows practice before trading live markets.
Which markets does Mitrade cover?+
Mitrade covers CFDs across forex, gold, oil and indices such as DAX. The range also spans stocks, ETFs and crypto as CFDs. The platform displays buy and sell prices with daily changes and charts to support strategy.
Spreadex
What does it cost to deal shares on Spreadex?+
Stock trades are £0, and the pricing model is listed as commission free and low fees. Spreadex ranks 1 of 161 brands on stock trade fees, so share dealing sits at the cheaper end of what brokers charge.
Is there a minimum deposit at Spreadex?+
The minimum deposit is £0, so an account can be opened and funded with a small balance. Spreadex ranks 1 of 213 brands on minimum deposit, worth weighing against brokers that ask for a starter amount.