Spreadex Trading Account – Review, Types, Process, Benefits, Charges & more
Last Updated Date: Nov 17, 2022Check out all details related to Spreadex Trading Account here. The Spreadex Ltd company was established in 1999.
The company allows the traders to trade in Forex, CFD, and spread betting. An exclusive trading option that the company provides is sports betting.
The Trading company is authorized and regulated by the UK Financial Conduct Authority. The company has its central office address at St Albans, Hertfordshire.
In May 2010, the company also bought the rights of fixed-odds sports betting service.
The broker also offers trading options on more than 10,000 plus financial instruments that also cover Indices, shares, interest rates, ETFs, and many more.
All the users who have Spreadex Trading Accounts are allowed to trade from the company’s own, features rich web trading platform and mobile trading app.
A pretty simple user interface is available along with a customized setup, modern chatting tools along with pattern recognition features, notifications, and many more.
The company was awarded the Best for Efficiency of Taking Trades in the Investment Trade UK leveraged trading awards.
Spreadex Trading Account and Benefits
Some of the features and benefits received while using the Spreadex trading account are:
The clients would be receiving a virtual portfolio which is also called a demo account.
You will receive one-click trading benefits with Spreadex.
You will receive Stop loss, Trailing Stop, and take profit order benefits with Spreadex online trading.
Along with Spreadex, you will also receive Advanced Financial Chart Comparison Tools.
You will also receive a research-backed analysis on all the financial markets and financial investments from top expert analysts.
The web Trading platform can also be accessed from multiple devices including iPhone, iPad, Android, and computer using a web browser.
The trading platform is quite simple and is apt for both beginner and expert level traders.
The website is available in more than 1 language.
Your money is completely safe as the company uses Tier 1 banks to reserve all their Trader’ funds.
A special notification system has been developed by the company called ‘ Pulse’. This notification system would keep you updated with all the changes and variations in stock and other instruments in your watch list.
During special occasions like Christmas, The company offers Christmas hampers to all the users.
The company promises the best odds, high competitive margins, extensive AIM stock offering, and self-exclusion probabilities.
You do not need separate account trade in financial and sports. Using one account, you may place any fixed odd bets.
The company does not charge any inactivity charges like some of the other brokers. There is no minimum deposit, no joining fees, no contracts to sign, or obligations to follow.
You can trade directly from the charts that are available on the trading platform.
The macro data is also available in the charts.
Sophisticated drawing tools along with templates that can be created, saved, and edited.
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Spreadex Trading Account Charges
| Trading Account Charges | ||
| Account Type | Demo account | Islamic Account |
| Initial Deposit | NA | NA |
| Spread | NA | 2 pips |
| Commission | NA | None |
| Leverage | 30:1 | 1:300 |
This Forex Broker provides 2 types of Account to its users & each of these accounts has different types of charges.
Spreadex Trading Account Charges for Demo Account is absolutely free, This account doesn’t change any commission & no spread available.
Spreadex Trading Account Fees for Islamic Account is also free from any kind of commission. The spread is 2 Pips.
Types of Spreadex Trading Account
| Types of Trading Account | |
| Trading Desk Type | Dealing Desk, Market Maker |
| Min Deposit | $0.01 |
| Maximum Leverage | Up to 30:1 |
| Mini Account | No |
| Premium Account | Yes |
| DEMO ACCOUNT | No |
| Islamic Account | Yes |
| Segregated Account | Yes |
| Managed Account | No |
| Institutional Account | Yes |
| Suitable for beginners | Yes |
| Suitable for professionals | Yes |
| Suitable for scalping | Yes |
| Suitable for daily trading | Yes |
| Suitable for Weekly trading | Yes |
| Suitable for swing trading | Yes |
Spreadex offers different trading accounts for different users.
For different Trading accounts, the different amount is charged by the company.
Currently, the company provides two separate product trading accounts:
Demo Account
This is the best type of trading account where they can practice trading as long as they want.
The company promises a risk-free environment without losing any money while using the demo account. There is no initial deposit, no spread charges, and no commission charges.
The leverage provided is 30:1.
Islamic Account
Spreadex offers a special account for all the users of the Islamic faith. The users having Islamic accounts will not be charged any late night or delay fees.
This feature is available to all users. The spread chart is about 2 pips. The company does not charge any commission, however. The leverage provided is 1:300.
Spreadex Account Opening and Trading Process
Spreadex’s online trading process is quite simple.
It is similar to the stock trading process where you have to open a trading account with the broker by using trading platforms or mobile trading applications.
Open Spreadex Acount
- First of all, visit the official website of Spreadex and click on create an account option.
- A new tab will open where you will have to fill up the online application form with all your details.
- Once you have submitted the necessary information, wait for email confirmation or mobile information of approval.
- Once your application form has been approved, your trading account will be opened simultaneously.
- Now with the trading account, you can trade on different assets and start betting.
- If you wish to get a spread bet on credit, you would need to fill up the small number of questions which will help the company to decide whether you need credits or not.
Spreadex Login Process
- Once you have successfully registered, you will receive the login credential. You can use the web trading platform to log in.
- The company also has developed a mobile application to trade on the go where you can also log in and start trading.
Downloading and Set up
- If you plan on using the trading terminal, you may need the MT4 or MT 5 application.
- If you are planning to use the mobile application, you can directly download it from the official website or your application store.
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Spreadex Trading Account – Features
| Trading Features | |
| Educational Services | Yes |
| Social Trading / Copy Trading | No |
| Trading Signals | Yes |
| Email Alerts | Yes |
| Guaranteed Stop Loss | Yes |
| Guaranteed Limit Orders | No |
| Guaranteed Fills / Liquidity | Yes |
| OCO Orders | Yes |
| Trailing SP/TP | Yes |
| Automated Trading | No |
| API Trading | No |
| VPS Services | No |
| Trading From Chart | Yes |
| Interest On Margin | No |
| Offers Hedging | Yes |
| Offers Promotions | No |
| One-Click Trading | Yes |
| Expert Advisors | No |
| Other Trading Features | No |
All the features that the Spreadex Trading account provides are:
- Educational Features: The company provides video sessions and video lectures to all the clients. This is done so to educate the traders in the line of trading. Some other education features that are provided by the company are expert tips, interviews, market updates, charting guides, trade examples, economic calendars, and many more.
- Some other features that are provided are trading signals, email alerts, guaranteed stop loss, and guaranteed fees or liquidity.
- The Spreadex Online Trading also offers one-click trading, Hedging, and trading from chart and trailing via SP or TP.
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Spreadex Trading Account – Conclusion
Spreadex has shown significant growth within the last couple of years in the UK market for its success in Sports Betting Services and Spread Betting.
The wide range of financial instruments is widely presented and there’s a high possibility to enlarge the trading portfolio.
You do not need to open a different account for sports betting or Trading.
Spreadex Online Trading – FAQs
Here is the list of the FAQs related to the Spreadex trading account:
Does Spreadex online trading?
Spreadex trading firm allows all its users to trade and invest in Forex marketing, CFD, and also allows betting in sports.
Many trading options are available from where you can select the one you want to trade down.
What are the commission charges of Spreadex?
The company offers two types of trading accounts.
However, the company does not charge any commission charge for any of the offers or features that they provide.
This simply makes them one of the best trading firms.
Does Spreadex provide demo account Trading?
A demo account is available with all the trading accounts that the company provides.
Using this trading account, you can practice trading freely as long as you want.
You can practice trading in this risky environment without losing any funds.
Is trading free at Spreadex?
You wouldn’t be charged any extra amount or trading fee when you are trading with Spreadex online trading.
No amount is charged at the time of downloading or registration.
However, some nominal charges need to be paid by the trader such as leverage charge and spread charge.
Does Spreadex provide stock trading?
Yes, are allowed to trade in stocks along with other assets.
For trading in the stock market, you have to contact the concerned authorities and pay a nominal charge to start the process.
What is the spread at Spreadex?
A nominal spread charge would be charged by the company when you start trading.
For the Islamic Account, the spread charge is about 2pips.
The straight amount varies depending on the commodity in which you are trading.
Is Spreadex safe for trading?
You can safely trade while using the Spreadex trading account. All the customer data is encrypted and is safe.
The funds of all the customers are reserved Tier 1 bank accounts which are the safest in the market.
Does Spreadex provide trading tips?
When you start trading, you need expert advice and opinion so that you do not face any kind of losses in the market.
The company provides expert tips and guidance along with video sessions which will guide all the traders in every step of Trading.
Fill up the Form – Open Forex Trading Account Now!
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