Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FOREX.com and Spreadex both launched in 1999, offering years of experience in the online trading industry. While neither is a bank, FOREX.com stands out as a publicly traded company, enhancing its transparency. Conversely, Spreadex remains privately held. Their reputations differ significantly; FOREX.com holds an impressive rating of 99 on ForexBrokers.com's Trust Score, categorizing it as highly trusted. In contrast, Spreadex's score sits at 71, indicating an average risk level for traders.
When it comes to regulatory credibility, FOREX.com holds an upper hand with seven Tier-1 licenses, which are highly trusted, along with one Tier-2 licensed marked as trusted by ForexBrokers.com standards. Spreadex, however, holds just a single Tier-1 license and no Tier-2 licenses. This difference in regulatory accreditation and trust clearly positions FOREX.com as a more secure choice for traders seeking a reliable online broker.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of FOREX.com and Spreadex, traders can see some clear distinctions. FOREX.com, one of the top market maker brokers, offers multiple account types with transparent execution statistics. However, its fees tend to be slightly above the industry average unless trading outside the US, where the spreads for the EUR/USD were as low as 0.74 in July 2023. FOREX.com’s Standard account, which caters to MetaTrader clients, carries a higher average spread of 1.4 pips in the US, making it a pricier option for traders who prefer market-maker execution. The new RAW account, available in regions like Canada, the US, and the EU, features lower spreads at 0.13 pips, but includes a per trade commission and volume-based rebates for active traders.
Spreadex, on the other hand, is noted for offering slightly tighter average spreads for the EUR/USD at 0.81 pips as of January 2024, with a minimum spread of 0.6 pips achieved 60% of the time. This places Spreadex as a slightly less expensive option when compared with the high-end accounts at FOREX.com. While FOREX.com provides a progressively tiered rebate structure, it may not be as attractive for traders who don't reach high trading volumes.
In terms of ratings, FOREX.com scores 4.5 out of 5 stars for its commissions and fees, earning a #13 rank among 63 brokers according to ForexBrokers.com. Meanwhile, Spreadex receives a commendable 4-star rating, positioning it at #27. These ratings reflect the relative cost-effectiveness and trading conditions of each broker, making them each appealing to different types of traders.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | 0.81 |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of FOREX.com and Spreadex, both platforms provide access to forex trading through CFDs or spot contracts, catering to those interested in currency markets. FOREX.com boasts an impressive 5,500 tradeable symbols, while Spreadex offers nearly double that with 10,000. Forex traders might lean towards FOREX.com, which presents a wider selection with 80 tradeable forex pairs compared to Spreadex's 52. It's important to note neither broker offers direct access to exchange-traded securities on U.S. or international markets, nor do they provide copy trading options.
For crypto enthusiasts, both brokers allow trading on cryptocurrency derivatives rather than actual coins. This commonality might make choosing one over the other a matter of available markets and personal preference. When evaluating their range of investments, both brokers consistently earn high marks, each receiving a five-star rating. However, within the ForexBrokers.com ranking framework, FOREX.com edges out a slight lead, positioned at #7 compared to Spreadex's #13 out of 63 brokers. This indicates that while both are solid choices, FOREX.com's wider variety in forex pairs and higher ranking might appeal to experienced traders seeking specific opportunities.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 80 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FOREX.com and Spreadex both provide users with a strong selection of trading platforms and tools, catering to different types of traders. Both brokers offer simulated or virtual demo accounts, allowing beginners or seasoned traders to test out strategies without any financial risk. Their proprietary platforms are a highlight, specifically designed in-house for optimal performance. FOREX.com offers a range of options like MetaTrader 4 and 5, and a Windows-based desktop platform, supporting both software-savvy traders and those who prefer a browser-based experience. On the other hand, Spreadex offers a user-friendly web-based platform but lacks the desktop option and the popular MetaTrader versions.
When it comes to technical specifics, FOREX.com provides 20 fields for watch lists, allowing for more in-depth monitoring of assets, compared to Spreadex's 8 fields. Chart enthusiasts would appreciate FOREX.com's 239 drawing tools, a considerable edge over Spreadex's 11. Both platforms, however, enable trading directly from stock charts, simplifying the trade execution process. While neither broker offers copy trading or third-party tools like DupliTrade or ZuluTrade, FOREX.com garners a noteworthy five-star rating for its trading platforms and tools, with ForexBrokers.com ranking it #7 out of 63 brokers. Spreadex maintains a solid four-star rating, ranked #46, signaling a respectable, though not top-tier, offering in the trading platform realm.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 58 |
| Charting - Drawing Tools (Total) | 239 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FOREX.com and Spreadex cater to iPhone and Android users by offering dedicated apps for each platform. While both brokers provide price alerts and the ability to draw trendlines on charts, FOREX.com takes a significant lead in terms of features and user convenience. FOREX.com allows users to sync watchlists between the mobile app and their online accounts, ensuring seamless updates across devices, a feature Spreadex lacks. Moreover, FOREX.com offers an impressive array of 88 technical studies within its charting tools, adding depth to traders' analysis, while Spreadex does not offer a comparable suite of studies. Additionally, FOREX.com auto-saves chart annotations, unlike Spreadex, offering another layer of ease for active traders.
Users will also appreciate the ability to create watchlists with real-time quotes on both platforms, enhancing the trading experience. However, FOREX.com's app shines with its overall user satisfaction, earning it a 5-star rating and the #3 spot out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com. In contrast, Spreadex receives a 4-star rating and ranks #46. These differences highlight FOREX.com's more comprehensive features and higher user satisfaction, making it a strong contender for traders seeking a top-tier mobile trading app experience.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers FOREX.com and Spreadex, both provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. Additionally, each platform offers sentiment-based trading tools and economic calendars to keep traders informed of current and forthcoming global events. However, they differ in the technical analysis tools they provide. While FOREX.com incorporates Trading Central tools, Spreadex brings the assistance of Autochartist to its users. Notably, neither broker partners with TipRanks or Acuity Trading for additional research tools.
In terms of research effectiveness, FOREX.com holds a 4.5-star rating and is ranked 9th out of 63 brokers in the research category on ForexBrokers.com. This places it ahead of Spreadex, which ranks 31st with a 4-star rating. The higher ranking can be attributed to FOREX.com's broader range of technical analysis tools and its comprehensive approach to market insights, providing a more enriching research experience for traders. Spreadex remains a strong contender, particularly due to its collaboration with Autochartist, offering unique insights for its user base.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners between FOREX.com and Spreadex, several key differences emerge. Both platforms provide a minimum of 10 educational materials focused on forex or CFDs, including articles, videos, and archived webinars. However, FOREX.com surpasses Spreadex by offering monthly online educational webinars, as well as a searchable archive of previously recorded sessions, giving users the flexibility to learn at their own pace. While both brokers provide at least 10 beginner educational videos, FOREX.com goes a step further by offering at least 10 advanced videos tailored for seasoned traders, which Spreadex does not.
Beyond video content, both FOREX.com and Spreadex make available comprehensive investor dictionaries, each containing definitions of over 50 investing terms to enhance users' financial literacy. Despite these commonalities, FOREX.com has a distinct edge in educational quality, earning a 4.5-star rating compared to Spreadex's 4 stars. According to ForexBrokers.com, this positions FOREX.com as the fourth-ranked broker out of 63 for education, while Spreadex is ranked significantly lower at 45th place, underscoring FOREX.com's superior offerings for those eager to learn more about trading.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FOREX.com is better than Spreadex. FOREX.com finished with an overall rank of #5, while Spreadex finished with an overall rank of #39.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both FOREX.com and Spreadex do not provide the option to buy actual delivered cryptocurrency, but they do offer the capability to trade cryptocurrency derivatives, allowing investors to speculate on digital currency price movements without owning the underlying asset.
FOREX.com provides more flexible funding options than Spreadex, supporting ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wires, while Spreadex offers Visa or Mastercard and bank wires but lacks ACH or SEPA transfers and PayPal support.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FOREX.com | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Spreadex Review |
| Broker Screenshots | FOREX.com | Spreadex | |
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| Regulation | FOREX.com | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 80 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FOREX.com | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 8 | |
| Charting - Indicators / Studies (Total) | 88 | 58 | |
| Charting - Drawing Tools (Total) | 239 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FOREX.com | Spreadex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FOREX.com Review | Spreadex Review |
| Overall | FOREX.com | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Spreadex Review |
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