SpreadEx Review – Online Platforms, Commission, Leverage, Account Types, Features & more

SpreadEx allows its customers to invest money in Forex, CFDs, binary options and spread betting.

SpreadEx was established back in 1999 and its head office was in Dunstable, Bedfordshire. In 2008, the company shifted its head office to St Albans, Hertfordshire.


About SpreadEx & Accepted Countries

SpreadEx is FCA regulated and traders have over 10,000+ instruments to trade on. The website and mobile app are easy to use and no lagging has been observed to date.

The customer support team of SpreadEx is very supportive and understanding. It is one of those trading websites that are rich in features.

The countries that SpreadEx accepts for trading are Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.


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    SpreadEx Trading Platforms

    Traders can either surf the trading platforms using the browser or they can download the mobile app for it.

    Once the user logs into their account, they meet with a platform that has high levels of customizability.

    Users can even view data in a format that makes it easy for them to indulge in the process of trading. Traders can also edit their orders if they want to.

    The best feature of this app is that traders can set Price Alert service. This feature will send an email or SMS notification whenever the prices reach a certain level.

    The newsfeed of this platform is in such a way that it offers comprehensive results. For traders who are new to this, video tutorials on this platform can prove beneficial for them.

    Seeing the video tutorials, traders can save themselves from suffering losses.


    SpreadEx Mobile App

    The mobile app of this platform provides excellent financial and sports trading. SpreadEx mobile app is available for Android, Apple, and Blackberry users.

    There is not much difference in the mobile app as compared to the desktop site.

    The features that are on the mobile app are deposition of funds, creation of watch lists, trade history, addition or editing of orders that come from the site, and keeping an eye on different types of trade.

    There are various intelligent features on the mobile app as well. Users can pinch on the screen to zoom in and zoom out.

    Users can also edit and save templates and can retrieve 10 years of historical data.


    SpreadEx Commission or Brokerage

    SpreadEx earns their commission by making money from the differences between the buy and sales price.

    However, the costs vary according to the market that is being traded. The minimum for trading EUR/USD is 1 pip.

    When compared to the average EUR/USD spread, it is a bit higher as the average is only 0.70 pips.

    The company benefits the most when the traders are very active, particularly in two-way trading.

    In 2018, the company earned a profit of 47%. SpreadEx is transparent about the costs that are involved in trading.

    The main way of earning a commission for the company is by taking the fee from the spreads.


    SpreadEx Exposure or Leverage

    This company offers up to 200x leverage. The maximum offering for retail traders is 1:30 for major currency pairs, and for other instruments, it’s a bit less.

    When it comes to professionals, they have an access to high leverage ratios as compared to retail traders.

    The margins and the rate of SpreadEx are competitive. However certain risks are involved in leverage trading as well.

    In fact, if a trader is not careful enough, he might lose more money than he invested, and sometimes, the trader can even go into huge debts.

    If the traders are smart enough, they can earn huge profits from it. However, even a small mistake can lead them into huge debts.

    Nevertheless, the leverage ratio is quite good and retail traders or professionals do not mind investing in it.


    Payment Methods Provided by SpreadEx

    There are various methods of payment that SpreadEx provides. The methods of deposit are debit and credit cards, online bank transfer, wire transfer, and Skrill.

    If someone wants to fund their account using a UK debit card or Bank Transfer, they will not have to pay any charge for it.

    However, if a user wants to use their credit card for payments, they will have to pay an extra charge of 2% which is the administration fee.

    The transfers that have to occur the same day incurs a charge of £25. In case someone wants to make transactions using non-sterling cards, they will have to pay an extra 2.5% fee.

    The main thing about payments that the traders need to know is that SpreadEx does not accept payments from wallets such as Neteller.

    Traders will also have to wait for some time as the bank details might take some time to update.

    Traders can make multiple withdrawals in a day but each withdrawal needs to be either less or exact £50.


    Investment in Asset Classes or Markets by SpreadEx

    SpreadEx has a huge amount of tradable assets. There are over 15,000+ assets that can be traded.

    Some of the best assets available on SpreadEx are Forex, CFDs, and spread betting. They also have numerous financial assets.

    In fact, Forex, CFDs, and spread betting come under financial assets. The total number of markets that SpreadEx provides access to is more than 10,000.

    The major equity indices that the company offers come from Europe, the USA, and Asia, including two volatility indices.

    Investing in asset classes or markets is very profitable and it very rarely occurs in losses so traders do not have to worry about suffering losses because the chances are very less.


    SpreadEx Virtual Trading Account or Demo Account

    There were many negative reviews found when it came to the demo account. Unfortunately, SpreadEx does not offer a demo account and people detest this.

    Demo accounts are the best way to learn the trade for amateur traders as they get some amount of money after signing up and they can use these to learn the process.

    However, with the lack of a demo account, amateur traders suffer huge losses because they do not get a chance to learn. Demo accounts are the best way for amateur traders to develop confidence.

    Because of the absence of this feature, many traders resort to other competitive platforms that offer this service.

    Many platforms provide this service without charging any cost and also for unlimited periods of time. Lack of demo accounts is the biggest drawback of SpreadEx.


    SpreadEx Offers or Deals

    SpreadEx gives various welcome offers and promotions to prospective clients at the time of joining the platform.

    The financial traders can get a 5% bonus on UK 100 winning at the time of joining. The company also gives a very exciting iPad Mini joining offer.

    If a trader reaches the minimum staking requirements, they can get a brand-new iPad mini without paying for it.

    The company is also famous for giving away Apple watches in Apple Watch sports deals. There are various other offers that one gets after joining the platform.

    The platform also gives the traders an option to refer the site to other traders and in return, they can get up to £100 Speed Market bet.

    In case someone is smart enough to get their hands on every offer, they can easily increase their profit rates and enhance their salaries.

    Nevertheless, the deals offered by this site change over time so traders will have to keep an eye on the official website to get recent updates about offers.


    SpreadEx Regulations or Licensing

    Clients always search for regulated traders because this is a very important part.

    Getting in touch with a regulated trader is the best because this limits the risk of people falling victim to scams or fraudulent companies.

    SpreadEx is a legit website that has been given regulatory oversight from the UK’s Financial Conduct Authority (FCA).

    This means all the money deposited will be kept in segregated tier-1 bank accounts. This bank account is the best account for keeping the money safe and secure.

    People do not have to worry about even bankruptcy because their money is kept safe from even those situations.


    SpreadEx Features

    SpreadEx has various features that are loved by users. All the features that it offers are useful and coming to the sports side, the company offers accumulators, coupon betting, and other options that allow users to check similar bets in a single place.

    Many users are inclined towards financial offerings and for them, the company has introduced ‘Pulse’. Pulse is a notification system that updates the clients about the change in stocks.

    There are many features in terms of education too. These are Tips, Interviews, Odds Checker, Market Updates, Charting Guides, etc.


    Types of Accounts Available on Spreadex

    Opening an account on Spreadex is extremely simple. Once you open the main website, you’ll find the choice to either open an account for sports spread betting or financial spread betting.

    After choosing, the next page will display an Apply Now option, which you have to click. You will be given a simple form with basic identity information, which you have to fill out correctly.

    Registration requires no additional fee. Once you are done, simply fund your account and start trading or betting!

    Also, if you are classified as a Professional Client for financial spread betting, then you don’t need to have a separate one for sports betting. It can be done from the same account.


    Benefits of using Spreadex

    One of the longest-established companies in trading, betting and gambling industries, Spreadex offers services like fully customizable setups, advanced charting tools, price alerts and many advanced offers.

    Whether you are betting on sports or trading financially via global markets, this website will provide you opportunities to make huge profits.

    Filled with in-play sports betting markets, Spreadex offers you both sports spread betting and sports fixed odds betting from the same account.

    So, if you love the excitement and rush of adrenaline in your veins or the guaranteed nature of fixed odds, Spreadex has hundreds of markets you can place bets on.

    With financial spread betting, you have access to thousands of markets from Europe, America and Asia to trade from.

    Offering no Capital Gains Tax (with a few terms and conditions), no Stamp Duty and the opportunity to trade with leverage, you can make profits from both rising and falling prices.


    Drawbacks of Spreadex

    Although Spreadex may be a high-quality betting site, it does have some minor drawbacks.

    Spreadex does not offer a demo trading account and once you have made an account, it does not allow you to create another one. You can only have one official account.

    Spreadex financial betting does not offer its services to the whole world except for UK, Ireland and other EU countries.

    It has limited payment methods and along with that you also run the high risk of losing a large amount of money due to leverage.

    Before choosing to bet on high amounts of money, you should carefully consider how much you understand about sport bets and CFDs (contract for differences).


    Spreadex Trading Hours

    Both sports and financial betting have different trading hours according to the European time zone.

    The trading hours of financial spread betting on Spreadex is:

    • Monday: 24 hours
    • Tuesday: 24 hours
    • Wednesday: 24 hours
    • Thursday: 24 hours
    • Friday: 00:00 – 21:15
    • Saturday: Closed
    • Sunday: 21:00 – 00:00

    The trading hours of sports spread betting on Spreadex is:

    • Monday: 24 hours
    • Tuesday: 24 hours
    • Wednesday: 24 hours
    • Thursday: 24 hours
    • Friday: 24 hours
    • Saturday: 24 hours
    • Sunday: 24 hours

    Spreadex Customer Care

    Being an award-winning broker, Spreadex has a large team on almost all of the social media platforms, where they regularly publicize their website.

    While scrolling through their website, you will also find a vast number of frequently asked questions about their site.

    For any kind of query or circumstance in the financial betting area, you can reach out to them with the help of following information:

    The Head Office

    Freepost RRRS-GTBG-HGZB, Spreadex Ltd., Churchill House, Upper Marlborough Road, St. Albans, Hertfordshire, AL1 3UU.

    The Financial Office

    Freephone: 08000 526 570

    Landline: 01727 895 151

    Overseas: +44 1727 895 151

    Email: fins@spreadex.com

    The head office is same for both sports and financial aspect of the website. The contact number regarding the office is different.

    The Sports Room

    Freephone: 08000 526 575

    Landline: 01727 895 090

    Overseas: +44 1727 895 090

    Email: sports@spreadex.com


    Spreadex Safety and Security

    As one of the fastest growing companies, Spreadex is a website which is fully authorised by FCA, or the Financial Conduct Authority.

    It has a stable and very profitable track record, where your funds are kept in a secure account in accordance with the FCA’s policy of client money rules.


    Spreadex Forex Trading – Conclusion

    One of the most efficient ways of Forex trade, Spread offers a wide range of super-advanced analysis tools like pattern recognition, Pro Trend lines, drawing tools, and advanced indicators.

    Open to almost any kind of platform, Spreadex has offered significant growths in the UK markets in financial and sports betting.

    Overall, the website is a great combination of sports bettors and finance traders.

    However, clients apart from the UK and EU countries should check their trading possibilities since it varies according to your country of residence.


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