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Spreadex vs FXOpen 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Spreadex better than FXOpen? In our analysis of 23 international regulators across 62 of the best forex brokers, Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. FXOpen is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingSpreadexFXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3/5 Stars
Platform & Tools 3.5/5 Stars 4/5 Stars
Mobile Trading 3.5/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 70 80
Winner check_circle
Review
RegulationSpreadexFXOpen
Trust Score 70 80
Year Founded 1999 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info Yes info
Tier-1 Licenses 1 2
Tier-2 Licenses 0 1
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)SpreadexFXOpen
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)SpreadexFXOpen
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)SpreadexFXOpen
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsSpreadexFXOpen
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 2000 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 (CFD) 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).
CostSpreadexFXOpen
Average Spread EUR/USD - Standard N/A info N/A info
All-in Cost EUR/USD - Active N/A info N/A info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingSpreadexFXOpen
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
Trading PlatformsSpreadexFXOpen
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 ToolsSpreadexFXOpen
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7
Charting - Indicators / Studies (Total) 55 30
Charting - Drawing Tools (Total) 10 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingSpreadexFXOpen
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
Forex Calendar Yes Yes
ResearchSpreadexFXOpen
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
EducationSpreadexFXOpen
Has 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 PairsSpreadexFXOpen
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
OverallSpreadexFXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3/5 Stars
Platform & Tools 3.5/5 Stars 4/5 Stars
Mobile Trading 3.5/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 70 80
Winner check_circle
Review
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Spreadex vs FXOpen Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Spreadex vs FXOpen.

Does Spreadex or FXOpen offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Spreadex offers better pricing overall for traders.

Is Spreadex or FXOpen safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FXOpen holds 2 global Tier-1 licenses, while Spreadex holds 1. FXOpen holds 1 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, FXOpen earned a higher Trust Score than Spreadex.

Which trading platform is better: Spreadex or FXOpen?

To compare the trading platforms of both Spreadex and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXOpen offers a better experience. With research, Spreadex offers superior market research. Finally, we found FXOpen to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Spreadex provides traders 52 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, Spreadex offers traders access to 2000 CFDs while FXOpen has 87 available CFDs, a difference of 1913.

Can I trust Spreadex?

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Can I trust FXOpen?

FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Spreadex good?

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.

Is FXOpen good?

FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

Overall winner: Spreadex

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announcementPlease 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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