Written by ForexBrokers.com
In this head to head comparison of Spreadex vs FXOpen, 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.
Spreadex, established in 1999, and FXOpen, founded in 2003, both operate in the online brokerage industry, yet neither is publicly traded nor functions as a bank. When it comes to regulatory oversight, Spreadex holds one Tier-1 license, highly regarded for ensuring trustworthy practices, while FXOpen holds two Tier-1 licenses, suggesting a comparable yet slightly more reinforced regulatory stance. This reliance on top-tier licenses aligns with their respective trust ratings assigned by ForexBrokers.com.
According to ForexBrokers.com, Spreadex earns a Trust Score of 71 out of 99, indicating an average risk to users. On the other hand, FXOpen scores moderately higher with a Trust Score of 76, placing it also in the average risk category but closer to a trusted level. While both companies provide options for online trading and investments, FXOpen's additional license and marginally higher trust rating might offer slightly more peace of mind for cautious traders.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Year Founded | 1999 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
Comparing commissions and fees, Spreadex provides clear spread data while FXOpen does not. In January 2024, Spreadex’s EUR/USD average spread was 0.81 pips, with a 0.6-pip minimum reached 60% of the time that month. For this category, Spreadex is rated 4 out of 5 stars and ranked #28 out of 63 brokers by ForexBrokers.com.
FXOpen is also rated 4 out of 5 stars for commissions and fees, but it ranks lower at #45 out of 63. Average spread data for FXOpen is not available, making typical trading costs harder to gauge. If transparent spread metrics are important to you, Spreadex currently offers more detail, while FXOpen matches the same star rating but with less published data.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Spreadex vs FXOpen for range of investments, Spreadex offers far more to trade: around 10,000 tradeable symbols and 52 forex pairs, while FXOpen lists 87 symbols and 25 forex pairs. Both support forex trading (CFD or spot). Neither broker provides exchange-traded shares on U.S. or international stock exchanges, so you can’t buy actual stocks like Apple or Vodafone through either. For crypto, both allow cryptocurrency CFDs but do not offer buying actual coins.
Extra features can tip the scales: FXOpen supports copy trading, while Spreadex does not. On overall breadth, Spreadex earns 5 stars and ranks #14 out of 63 for Range of Investments; FXOpen scores 3 stars and ranks #63. In short, choose Spreadex for a much wider selection of markets, and FXOpen if copy trading matters more than catalog size.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 87 |
| Forex Pairs (Total) | 52 | 25 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). |
Dive deeper: Best Copy Trading Platforms.
Spreadex and FXOpen both provide free demo accounts for paper trading, web-based platforms, and the ability to place trades directly from charts. Spreadex offers a proprietary platform built in-house, while FXOpen does not. Instead, FXOpen supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and it also provides a Windows desktop download platform and copy trading—features Spreadex doesn’t offer.
Details on the number of chart indicators and watch list fields are not specified for either broker. For Trading Platforms and Tools, both earn 4 out of 5 stars. In ForexBrokers.com’s rankings, Spreadex is placed #47 of 63, while FXOpen is #54. Choose Spreadex if you want a simple, in-house web experience; go with FXOpen if you value MT4/MT5, Windows desktop access, and copy trading.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Choosing between Spreadex and FXOpen for mobile trading? Both brokers offer iPhone and Android apps and support price alerts to help you track market moves. Each earns 4 stars for Mobile Trading Apps. In ForexBrokers.com’s 63-broker comparison, Spreadex ranks #47 while FXOpen ranks #55 in the Mobile Trading Apps category.
For charting, FXOpen lists 30 technical studies in its mobile app, while Spreadex does not publish a study count. Both apps let you draw trendlines, but neither auto-saves your drawings. Also note that watchlists don’t sync between mobile and the web for either broker, so you’ll need to manage symbols separately on each device.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
Comparing Spreadex and FXOpen on market research: both brokers publish daily market commentary, stream forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), and provide an economic calendar for upcoming events. The main differences show up in the tools. Spreadex adds Autochartist for trade idea generation and pattern spotting, and it offers a sentiment tool that shows the ratio of long vs. short positions. FXOpen does not provide Autochartist or a sentiment tool, and neither broker integrates Trading Central. Spreadex does not include TipRanks or Acuity Trading; FXOpen does not list these integrations.
Thanks to its wider toolset, Spreadex earns a higher Research score: 4 stars and ranked 32nd by ForexBrokers.com. FXOpen holds 3 stars and is ranked 64th. If you want extra trade ideas and sentiment insights, Spreadex is the stronger pick. If you mainly need headline news, daily commentary, and an economic calendar, FXOpen covers the essentials.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re new to forex or CFDs and want simple, entry-level learning, Spreadex has the edge over FXOpen. Spreadex offers at least 10 beginner-friendly trading videos, making it easier to get up to speed with core concepts through short, visual lessons. FXOpen does not meet that same bar for beginner videos. Neither broker runs monthly educational webinars, and both are light on advanced video content.
These differences show up in independent ratings: Spreadex earns 4 stars for Education and ranks #45 out of 63 brokers on ForexBrokers.com, while FXOpen holds 3 stars and ranks #59. In short, beginners who prefer learning through videos will likely find Spreadex more helpful, whereas FXOpen’s education is more limited for first-time traders.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Spreadex is better than FXOpen. Spreadex finished with an overall rank of #39, while FXOpen finished with an overall rank of #54.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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FXOpen
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| Trust Score | 71 | 76 |
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Spreadex vs FXOpen: Neither broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.
Spreadex vs FXOpen deposit and withdrawal methods: both brokers do not support ACH/SEPA transfers; Spreadex supports bank wires but not PayPal or Skrill, while FXOpen’s options for PayPal, Skrill, Visa/Mastercard, and bank wires—and Spreadex’s Visa/Mastercard availability—are not specified.
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 | Spreadex | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | FXOpen | |
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| Broker Gallery (click to expand) |
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| Regulation | Spreadex | FXOpen | |
|---|---|---|---|
| Trust Score | 71 | 76 | |
| Year Founded | 1999 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Spreadex | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 87 | |
| Forex Pairs (Total) | 52 | 25 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). |
| Cost | Spreadex | FXOpen | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Spreadex | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Spreadex | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Spreadex | FXOpen | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | FXOpen | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Spreadex | FXOpen | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review |
| Overall | Spreadex | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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