Spreadex Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Nov 17, 2022
Get all information on Spreadex Commission or Brokerage Charges here. Spreadex is a popular and award-winning broker that was founded in 1999.
The company allows all its users and customers to invest money in Forex, spread betting, binary options, and CFDs.
The company has its head office in Dunstable, Bedfordshire and in 2008, the trading firm shifted its head office to Saint Albans, Hertfordshire.
The trading form is regulated and authorized by the UK Financial Conduct Authority.
Spreadex Commission or Brokerage Charges
Spreadex betting options and CFD trading options on more than 10,000 + financial instruments cover everything that includes indices, commodities, bonds, ETFs, interests, and speed markets.
The broker is also a specialist in providing all kinds of AIM stock shares to trade on. The users are also allowed to bet on sports and other events.
The users who have registered themselves with the company are allowed to use the company’s feature-rich, proprietary trading platform for web browsers and mobile trading applications.
These trading applications are simply designed and offer the users a fully customizable setup along with advanced Charting tools and other pattern recognition features which also include price alerts and advanced orders.
Recently, the trading company was awarded the ‘Best for Efficiency of Taking Trades ‘in the investment trades UK leveraged trading awards.
Spreadex also allows all its traders to access analysis on the market through the Spreadex market update, the financial trading blog, and the Economic Diary.
The users are also allowed access to the video lessons where they are taught about the trading procedure and the other instruments provided by the firm.
The broker provides 24/7 customer support for all its users.
Some of the exclusive benefits of Spreadex are:
- The trading company is FCA regulated.
- The users who have registered themselves with the company have over 10,000 plus instruments to trade on.
- The trading firm provides a simple trading application that has been developed both for beginner and advanced level users.
- The users will have access to AIM stock trading specialists.
- Has 24/7 official customer support.
- A special feature called the price alert feature has been added. This feature will enable the company to send you an SMS or an email whenever the prices reach a certain margin.
Spreadex Commission is earned by the company by making money from the differences between the buying and selling prices of all the trades and shares.
But the cost depends on the item that is being traded in the market.
- The minimum account for trading EUR/USD is 1 pip.
- The company is transparent about all the costs that the Traders are asked to pay.
- The Trading Company offers commission-free trading experience on spread bets and non-equity CFDs. But, at times the company also charges spread and overnight funding rates.
- The spread charges are quite low EUR USD 0.6 points and 0.9points for GBP USD. Spreadex also promises a stop premium for each type of individual currency pair as well as overnight funding charges.
- The leverage amount offered by the company is up to 200X. The maximum leverage offered for retail traders is 1:30 for the major currency pairs and for other instruments it’s a bit lower.
- The margin and the rate of Spreadex are quite competitive.
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Types of Spreadex Commission Plans
|Types of Commission Plans|
|Account Type||Demo account||Islamic Account|
The trading firm provides two types of trading accounts for all the users who have registered themselves with the company.
One is the demo account and another one is the Islamic account. All the Spreadex fees are let known to the user just before they open a trading account with the company.
While the company does not charge any initial deposit for opening a trading account, for more details, you must get in touch with the officials at Spreadex.
This predicts an Islamic account; the spreadsheet is 2pips.
The company does not charge any Spreadex Commission for the Islamic account taking into account their beliefs. So no late night or inactivity charges are charged by the company.
The negative charge for the demo account is 30: 1 and for the Islamic account 1:300.
Spreadex Account Opening Process
The traders who have registered themselves with Spreadex are allowed to invest in spread betting, CFDs trading products, and sports betting from one account.
The account opening process with Spreadex is pretty simple and this process can be completed within a matter of 10 minutes. Follow the steps below to understand the account opening process.
- Firstly, you will have to visit the official website of Spreadex and then click on create an account tab.
- In the first part all good registration process, you will have to fill in the necessary details like the name, email, password, username, country of origin, and account type.
- After successfully filling out this application form you will be redirected to the KYC page where your employment status and your identity would be verified. Here you will have to upload a scanned copy of a government authorized identity card for the very verification process.
- After successful verifications by the company, you will be receiving the login credentials in your email address or on your mobile phone.
- Now you can access the trading applications for the trading platform provided by the company. You can simply log in with the credentials provided.
- Now you can simply enjoy trading.
Spreadex Payment or Withdrawal Methods
|Deposit Options||Credit Card, Skrill, Wire Transfer|
|Withdrawal Options||Credit Card, Skrill, Wire Transfer|
For trading or investment or betting, the Traders need to have or add funds to your trading account. These funds are necessary for all kinds of investment or trading processes.
Some of the trading companies have specific payment options and do not accept cryptocurrency. But Spreadex accepts cryptocurrencies such as Bitcoins.
The deposit and withdrawal options include credit card, Skrill, and wire transfer. The company also does not charge any extra Spreadex Fees while withdrawing the funds.
If these methods are not available in your country, you must contact the customer representatives at Spreadex.
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Spreadex Investment Assets
|Supported Cryptocoins||bitcoin, bitcoin cash, ethereum, litecoin, ripple|
|Total Tradable Assets||10000|
|Number Of Currency Pairs||50|
|Number Of Cryptocurrencies||5|
|Number Of Stocks||5000|
|Number Of Indices||20|
|Number Of Commodities||20|
|Number Of Futures||0|
|Number Of Options||1000|
|Number Of Bonds||10|
|Number Of ETFs||500|
The traders who have decided to invest in funds and trades are allowed to invest in a specific number of Assets.
The potatoes are allowed to invest in currency trading, commodities trading, indices trading, stocks trading, and cryptocurrency trading.
The traders also have the option to trade in ETFs, Bonds, and options trading.
The total number of treatable assets in which the users can trade-in is over 10,000, several cryptocurrency pairs are 5, the number of currency pairs in which the users can trade-in is 50, the number of having licenses is 20 and the other number of ETFs that the users can invest in is 500.
Spreadex Commission – Conclusion
Spreadex is a popular and award-winning broker that was founded in 1999. The company is strictly authorized and monitored by the FCA.
The company is known to have one of the most efficient ways of Forex trade.
Company provides a wide range of trading instruments and advanced analysis tools that include pattern recognition, drawing tools, advanced indicators, and pro trend lines.
The company promises one of the lowest brokerage and commission charges.
The leverage and spread charges are quite competitive, which makes Spreadex one of the most approached trading companies and betting companies in the market.
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Spreadex Charges or Fees – FAQs
Here is the list of FAQs related to the Spreadex Brokerage Charges or Fees:
Do Spreadex charge commission?
Most trading companies charge a commission towards any kind of trading activity.
However, Spreadex does not charge any extra amount in terms of the Spreadex Commission.
Also for the Islamic account holders, there are no extra overnight charges.
How much does Spreadex charge brokerage?
Spreadex Charges specific Spreadex brokerage fee which varies depending on the type of trading account.
The charge is let known to the user whenever they start trading with the company. These charges are completely transparent.
What is the Minimum Deposit required in Spreadex?
There is no specific minimum deposit required whenever someone is trying to open a trading account with Spreadex.
So anyone can easily open a trading account with the company and start trading.
How much leverage does Spreadex provide?
The leverage charges vary on the type of trading account in which the user is investing in.
The leverage charge for the demo account is 30: 1 and for the Islamic account is 1: 300.
How much is Spread at Spreadex?
The spread charges vary on the type of trading account or the asset in which you are trading. The spread charges are two pips for the Islamic account.
What type of Commission Plans available in Spreadex?
Spreadex provides two types of commission plans namely demo account and other is the Islamic account.
There is no minimum deposit for any of the accounts.
There are no extra charges or amounts required for the Islamic account holders.
Does Spreadex provide Cryptocurrency for Investment?
Yes, like most of the other trading companies, the company allows the users to invest using cryptocurrency such as Bitcoins.
Is Spreadex a legit Forex Broker?
Yes, the company is a legit Forex broker and has traders from across the globe.
The trading company is conducted and monitored by the UK financial conducting authority.
This limits the trading companies from conducting any kind of fraud or extra charges.
Can I invest in Spreadex for $5?
There is no minimum investment with Spreadex. So, you can invest with $5 aswell.
Are there any hidden charges available with Spreadex?
The company promises total transparency of all its costs and charges.
Spreadex is a trustworthy broker and thus all the trader’s funds and profits are secure with them.
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