Spreadex Review

Leveraged spread betting and CFD traders

FCA

Founded 1999 · United Kingdom

Why investors choose this broker

EUR/USD spreads start from 0.6 pts
UK 100 and Germany 40 spreads start from 1pt
Gold spreads start from 0.3 pts
Free price alerts by text, push or email

Review summary

Spreadex is a UK-based broker founded in 1999 offering spread betting, CFDs and options on shares, indices, forex and commodities, with TradingView and mobile apps.

Pros

EUR/USD spreads start from 0.6 pts
UK 100 and Germany 40 spreads start from 1pt
Gold spreads start from 0.3 pts
Free price alerts by text, push or email
TradingView access alongside the Spreadex platform
Advanced charts include over 10 years of price history
Out-of-hours trading is available on select shares

Cons

61% of retail investor accounts lose money on spread bets and CFDs
Retail clients cannot trade cryptocurrencies
Professional clients waive negative balance protection
Spreadex Pro requires an existing standard spread betting or CFD account
Professional cryptocurrency margin is 18%
Shares are traded through spread betting or CFD products

Company background

Spreadex is a UK-based sports and financial spread betting firm based in St Albans, Hertfordshire. It was formed in 1999 by former City trader Jonathan Hufford. For financial trading, Spreadex gives clients access to global shares, indices, FX, commodities and other markets through spread bets, CFDs and options. Its financial spread betting markets also include ETFs, bonds and interest rates, while professional clients can access additional markets such as cryptocurrencies.

Fees and pricing

Spreadex publishes example spreads across several major markets. Forex spreads start from 0.6 pts on EUR/USD and 0.9 pts on GBP/USD. Index spreads include UK 100 from 1pt and Germany 40 from 1pt, while Gold is available from 0.3 pts on its Daily Futures market. Professional clients may receive lower margin requirements, with selected markets shown from 0.5%.

Regulation and safety

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Fixed odds betting is licensed and regulated by the Gambling Commission. Retail spread betting client money is held in an FCA authorised CRD Credit Institution account under FCA client money rules, and fixed odds balances are held as trustee in segregated bank accounts at Barclays or Lloyds. Professional clients do not receive negative balance protection, although eligible professional clients may be covered by the Financial Services Compensation Scheme up to £85,000.

Platform experience

Spreadex offers a proprietary platform available on the web, iPad, iPhone and Android. The platform supports spread bets and CFDs from one account, customisable screens, advanced charts, Force Open orders, guaranteed stops, one-click dealing and price alerts by text, push notification or email. TradingView is also available for charting, screeners, technical indicators, community ideas and scripts.

Pros and cons

The main strengths are the quoted spreads on major forex, index and commodity markets, the ability to trade spread bets and CFDs from one account, and platform tools such as TradingView, advanced charting and free price alerts. The limitations are concentrated in leveraged trading: 61% of retail investor accounts lose money when trading spread bets and CFDs with Spreadex, retail clients cannot trade cryptocurrencies, and professional clients waive negative balance protection.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Spreadex lists example spreads including EUR/USD from 0.6 pts, GBP/USD from 0.9 pts, UK 100 from 1pt, Germany 40 from 1pt and Gold from 0.3 pts. Professional margin rates are shown from 0.5% on selected markets.

Fees

Item	Fee
Crypto	Professional cryptocurrency margin is 18%
Margin	Professional margin rates from 0.5% on selected markets
Indices	UK 100 from 1pt; Germany 40 from 1pt
Commodities	Gold from 0.3 pts
Price Alerts	Completely free

Trading platform & features

Platforms

Web app
iOS app
Android app
TradingView
Spreadex proprietary platform

Regulation and investor protection

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Fixed odds betting is licensed and regulated by the Gambling Commission, and retail spread betting client money is held under FCA client money rules.

Broker FAQs

Is Spreadex safe?

Spreadex Ltd is authorised and regulated by the FCA. Retail spread betting client money is held in an FCA authorised CRD Credit Institution account under FCA client money rules.

Is Spreadex a scam?

No. Spreadex Ltd is authorised and regulated by the FCA, and fixed odds betting is licensed and regulated by the Gambling Commission.

Is Spreadex regulated and by whom?

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Fixed odds betting is licensed and regulated by the Gambling Commission.

What happens to my money if Spreadex goes bankrupt?

Fixed odds balances receive medium protection under Gambling Commission guidelines, with customer funds kept separate from business accounts and arrangements to distribute customer-account assets in insolvency. Retail spread betting money is held by Spreadex as trustee in an FCA authorised CRD Credit Institution account.

Does Spreadex keep client funds in segregated accounts?

Fixed odds account money is held as trustee in a segregated bank account at Barclays or Lloyds. Retail spread betting money is held in an FCA authorised CRD Credit Institution account in accordance with FCA client money rules.

What products does Spreadex offer?

Spreadex offers financial trading on global shares, indices, FX and commodities through spread bets, CFDs and options. Its financial spread betting markets also cover ETFs, bonds and interest rates.

Does Spreadex offer ETFs?

Yes. Spreadex lists ETFs among its financial spread betting markets.

Does Spreadex offer crypto?

Yes, but crypto is described as a Spreadex Pro market. Professional clients can take positions on cryptocurrencies including bitcoin, bitcoin cash, ether, ripple and litecoin, while retail clients are shown as not able to trade cryptocurrencies.

Does Spreadex offer options?

Yes. Spreadex says its financial trading platform gives access to global shares, indices, FX, commodities and more through spread bets, CFDs or options.

What does Spreadex charge for forex trading?

Spreadex lists EUR/USD spreads from 0.6 pts and GBP/USD spreads from 0.9 pts.

What does Spreadex charge for index trading?

Spreadex lists UK 100 spreads from 1pt and Germany 40 spreads from 1pt.

What does Spreadex charge for commodity trading?

Spreadex lists Gold from 0.3 pts on its Daily Futures market.

What are Spreadex professional margin rates?

Spreadex Pro margin rates are shown from 0.5% on selected markets. The table lists major FX at 0.5%, major indices at 0.5%, gold at 0.5%, shares at 4.5% and cryptocurrencies at 18%.

Does Spreadex have a mobile app?

Yes. Spreadex offers its proprietary platform on iPad, iPhone and Android, alongside web access.

Does Spreadex support TradingView?

Yes. Spreadex supports TradingView with charting, screeners, technical indicators, community ideas and scripts.

How do I open an account at Spreadex?

The account process is listed as filling in the online application form, funding the account, and then starting to trade the global markets.

Can retail clients trade cryptocurrencies at Spreadex?

No. The professional client margin table shows cryptocurrencies as not available to trade for retail clients.

Bottom line

Spreadex suits traders who want leveraged spread betting and CFD access across forex, indices, shares and commodities with web, mobile and TradingView support. It is less suitable for investors looking for direct long-term share ownership or retail access to cryptocurrencies.

Spreadex

Leveraged spread betting and CFD traders

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Your capital is at risk. Other fees apply.