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 | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex vs FXOpen: when it comes to range of investments, Spreadex offers far more choice. Spreadex lists about 10,000 tradeable symbols and 52 forex pairs, while FXOpen provides 87 symbols and 25 forex pairs. Both brokers let you trade forex via CFDs or spot contracts, and both support cryptocurrency derivatives, though neither lets you buy actual crypto. Neither broker offers exchange-traded stocks on U.S. or international exchanges.
If copy trading matters to you, FXOpen has it and Spreadex does not. For overall variety, Spreadex earns a 5-star rating for Range of Investments and ranks #14 out of 63 brokers at ForexBrokers.com, while FXOpen holds a 3-star rating and ranks #63.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 87 |
| Forex Pairs (Total) | 52 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Comparing Spreadex vs FXOpen for trading platforms and tools: both brokers offer free demo (paper) accounts and browser-based platforms, plus the ability to place trades directly from charts. Spreadex provides its own proprietary platform, while FXOpen focuses on third-party options, offering both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If you want a Windows desktop download, FXOpen has you covered via MT4/MT5; Spreadex does not offer a Windows app. For social features, FXOpen supports copy trading and ZuluTrade, whereas Spreadex does not. Neither broker offers DupliTrade.
On charting and lists, Spreadex includes 11 drawing tools and eight watchlist columns, while FXOpen offers 15 drawing tools and seven watchlist columns. Both earn 4 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings, Spreadex places #47 out of 63 brokers, and FXOpen ranks #54. Choose Spreadex if you prefer a clean, in-house web platform and slightly more watchlist fields; pick FXOpen if you want MetaTrader, a Windows desktop option, and access to copy trading with ZuluTrade.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and FXOpen both provide mobile trading apps for iPhone and Android. Each app lets you set price alerts for stocks or forex, build watchlists with real-time quotes, draw trendlines, and switch among multiple time frames from intraday to weekly. Keep in mind that neither app syncs watchlist symbols with the web platform, and neither auto-saves chart drawings.
For charting tools, FXOpen lists 30 technical studies in its mobile app, while Spreadex does not specify a number. Both apps are rated 4 out of 5 stars for mobile trading. In ForexBrokers.com’s Mobile Trading Apps category, Spreadex ranks 47th out of 63 brokers, and FXOpen ranks 55th. If a wider set of built-in indicators matters to you, FXOpen has the edge; if overall category ranking is more important, Spreadex comes out ahead.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education, Spreadex clearly offers more. It provides a forex and CFD education library that meets the 10-piece minimum, at least 10 beginner-friendly trading videos, and an investor dictionary with 50+ terms. FXOpen does not meet the threshold for a forex/CFD education library and lacks a set of beginner videos, though it does include an investor dictionary. Neither broker hosts monthly client webinars or maintains a searchable archive of recorded sessions, and neither has 10+ advanced videos for experienced traders.
Ratings back up the gap for beginners: Spreadex earns 4 stars for Education and ranks 45th out of 63 brokers on ForexBrokers.com, while FXOpen earns 3 stars and ranks 59th. If you want structured beginner trading education with plenty of videos, Spreadex is the better fit. If a basic glossary is enough and you plan to learn elsewhere, FXOpen may still work. Always review each site’s current materials before deciding.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 76 |
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Both Spreadex and FXOpen provide the option to trade cryptocurrency derivatives but do not offer the capability to purchase actual, delivered cryptocurrencies.
Both Spreadex and FXOpen do not support ACH, SEPA, or PayPal transactions for account deposits or withdrawals, though FXOpen provides an advantage with Skrill availability, while both brokers offer Visa, Mastercard, and bank wire options.
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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| 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/Central Bank 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. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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). |
| Cost | Spreadex | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Spreadex | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Spreadex | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Spreadex | FXOpen | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Spreadex | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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