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 |
When it comes to comparing the commissions and fees of online brokers Spreadex and FXOpen, you'll find Spreadex offering more transparency in its fee structure. In January 2024, the average spread for EUR/USD at Spreadex was 0.81 pips, with a minimum spread of 0.6 pips recorded 60% of the time throughout the month. This level of consistency helps traders know what to expect when trading popular currency pairs. Rated 4 out of 5 stars for commissions and fees, Spreadex is ranked #27 out of 63 brokers on ForexBrokers.com.
FXOpen, on the other hand, does not provide average spread data, which can make it challenging for traders to assess the typical trading costs involved. Despite the lack of detailed spread information, FXOpen also earns a 4 out of 5-star rating for commissions and fees. However, it finds itself at a lower ranking of #44 among 63 brokers according to ForexBrokers.com.
While both brokers share similar star ratings, Spreadex takes the lead in providing clearer and more predictable spread information, offering traders a clearer picture of potential trading costs compared to FXOpen, which leaves some uncertainties due to unreported average spreads.
| 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.
When it comes to online brokerage services, Spreadex and FXOpen both offer forex trading through CFDs or spot contracts. However, their range of investments significantly differs. Spreadex shines with an expansive selection of 10,000 tradeable symbols, including 52 forex pairs, garnering a 5-star rating for its investment range. In contrast, FXOpen provides 87 tradeable symbols, including 25 forex pairs, earning a 3-star rating. Neither broker facilitates purchasing exchange-traded securities on U.S. or international exchanges nor offers the ability to buy actual cryptocurrencies, although they both support cryptocurrency derivatives.
Spreadex does not provide copy trading features, while FXOpen offers this option, catering to users interested in mimicking experienced traders' strategies. Ranked 13th by ForexBrokers.com, Spreadex outpaces FXOpen, which holds the 62nd spot among 63 brokers for range of investments. This comparison highlights Spreadex's broader market access and superior investment variety, whereas FXOpen may appeal to beginners seeking a platform with copy trading capabilities.
| 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.
When comparing Spreadex and FXOpen in terms of trading platforms and tools, both brokers offer free virtual demo accounts, catering to beginners and those who wish to practice their trading strategies. Spreadex provides an in-house developed proprietary platform, available as a web-based application but lacks a Windows desktop version. Meanwhile, FXOpen does not have a proprietary platform but compensates with a comprehensive selection including the popular MetaTrader 4 and 5, and a Windows-based desktop platform. Despite this, both platforms allow traders to execute trades directly from stock charts. However, in the realm of copy trading, FXOpen stands out by offering this feature, including integration with ZuluTrade, unlike Spreadex.
From a charting perspective, FXOpen offers slightly more drawing tools compared to Spreadex, with 15 options versus 11. For watch lists, Spreadex provides a slightly wider range with 8 fields, while FXOpen offers 7. Both brokers are rated equally with 4 stars for trading platforms and tools, according to ForexBrokers.com. Yet, Spreadex ranks higher at 46th place amongst 63 brokers for this category, compared to FXOpen's 53rd placement. This comparison highlights the strengths and preferences each platform offers, helping traders choose based on specific features like platform type, charting tools, and copy trading capabilities.
| 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.
Both Spreadex and FXOpen offer mobile trading apps for iPhone and Android users, providing convenience to traders on the go. Both apps support stock or forex price alerts and allow traders to create watchlists with real-time quotes, helping them stay on top of market movements. While neither app supports watchlist symbol syncing with online accounts, they both offer charting features such as drawing trendlines and viewing multiple time frames like daily, weekly, or intraday. However, while FXOpen offers 30 technical studies for its charting, Spreadex's offering in this area is not available. Both apps lack the feature to auto-save chart drawings.
The mobile trading experience offered by Spreadex and FXOpen receives a solid rating of four out of five stars. Despite these similarities, Spreadex is ranked slightly higher than FXOpen in the Mobile Trading Apps category by ForexBrokers.com, being positioned at #46 compared to FXOpen's #54 out of 63 brokers. This suggests that while both platforms provide competent and reliable mobile trading services, Spreadex might have a slight edge in certain aspects, according to industry rankings.
| 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.
When comparing Spreadex and FXOpen in terms of market research features, both brokers provide daily market commentary and deliver forex news from top-tier sources like Bloomberg and Reuters. Spreadex further distinguishes itself by offering tools from Autochartist, a well-regarded provider of technical and fundamental research tools. FXOpen does not offer these Autochartist tools. Additionally, Spreadex provides a sentiment-based trading tool that displays the ratio of long and short positions on various instruments, a feature absent in FXOpen's offerings.
In terms of research ratings and rankings, Spreadex holds a higher standing with a 4-star rating for its research capabilities, while FXOpen has a 3-star rating. Spreadex is ranked 31st out of 63 brokers for research by ForexBrokers.com, significantly outperforming FXOpen, which is ranked 63rd. Both brokers offer essential tools like an economic calendar to keep traders informed of global news events, yet Spreadex's broader suite of research tools provides traders with an enhanced analytical perspective.
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by Spreadex and FXOpen for beginners, Spreadex stands out with a more comprehensive selection. Spreadex provides more than 10 educational materials focused on forex and CFDs, including a series of beginner-friendly videos. Additionally, an investor dictionary with over 50 trading terms is available to help newcomers familiarize themselves with fundamental concepts. Although Spreadex doesn't offer monthly webinars or advanced educational videos, their commitment to beginner education earns them a solid 4-star rating in this area, placing them at the 45th position out of 63 brokers in ForexBrokers.com's rankings.
FXOpen, on the other hand, does not offer the same depth of educational resources as Spreadex. While they provide an investor dictionary similar to Spreadex, they fall short in providing a minimum of 10 educational pieces focused on forex and CFDs or beginner-oriented trading videos. Without monthly webinars or a comprehensive video library, their educational offerings primarily cater to those who seek basic trading terminologies rather than in-depth learning. FXOpen's educational resources garner a 3-star rating, situating them at 58th in the educational category according to ForexBrokers.com.
| 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
|
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 | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| 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 | 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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