Written by ForexBrokers.com
In this head to head comparison of Spreadex vs FXGT.com, 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 and FXGT.com are both online trading platforms that, while sharing some similarities, have distinct aspects that set them apart. Since its inception in 1999, Spreadex has built a reputation in the financial sector. The company is not publicly traded nor a banking entity, yet it holds one Tier-1 license, a mark of high trust, and has achieved a Trust Score of 71 on ForexBrokers.com, indicating an average risk.
In contrast, FXGT.com entered the trading scene much more recently in 2019. Like Spreadex, it is neither publicly traded nor a bank; however, it holds one Tier-1 and one Tier-2 license, which denotes a trusted status. Despite its additional Tier-2 license, FXGT.com has a slightly lower Trust Score of 69, suggesting a higher risk in comparison to Spreadex. This analysis offers insights into their reliability and regulatory standing for potential users.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When assessing commissions and fees, Spreadex stands out with an average spread of 0.81 pips for the EUR/USD pair in January 2024. This broker managed to offer a minimum spread of 0.6 pips 60% of the time throughout the month, providing competitive terms for traders. Rated 4 out of 5 stars for its commissions and fees, Spreadex ranks 27th out of 63 brokers according to ForexBrokers.com, reflecting its strong positioning in the market.
In comparison, FXGT.com does not provide specific data on its average spreads, which could make it harder for traders to evaluate the costs accurately. This uncertainty impacts its overall rating and positioning in the industry. FXGT.com is rated 3.5 out of 5 stars for its commissions and fees, and it holds a rank of 56th out of 63 brokers as per ForexBrokers.com, indicating potential areas for improvement in transparency and competitiveness.
Overall, while Spreadex offers clearer and more competitive fee structures with favorable rankings and ratings, FXGT.com's lack of detailed spread information may be a consideration for traders who prioritize cost efficiency and transparent pricing. Both brokers provide different strengths, but Spreadex's higher rating suggests more favorable terms for cost-conscious traders.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 Spreadex and FXGT.com, it's evident that Spreadex provides a far broader range of investment options. With a staggering 10,000 tradeable symbols, Spreadex caters to a diverse set of trading interests, while FXGT.com offers a more modest 117 symbols. For forex enthusiasts, both platforms are almost neck and neck, as Spreadex offers 52 tradeable forex pairs, slightly fewer than FXGT.com's 53 pairs. However, investors looking for exchange-traded securities on U.S. or international exchanges will not find them on either platform.
In terms of unique features, FXGT.com supports copy trading, a service not offered by Spreadex, allowing users to mimic the trades of experienced investors. Both brokers provide forex trading options through CFDs or spot contracts and the opportunity to delve into cryptocurrency derivatives, but neither facilitative actual cryptocurrency purchases. Despite some similar offerings, Spreadex's extensive selection earns it a 5-star rating for the range of investments compared to FXGT.com's 3-star rating. Additionally, ForexBrokers.com ranks Spreadex at #13 out of 63 brokers for range of investments, while FXGT.com falls significantly lower at #61.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 117 |
| Forex Pairs (Total) | 52 | 53 |
| 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). | 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 FXGT.com both offer online trading experiences tailored to different types of traders. Spreadex provides a proprietary platform developed in-house and delivers a web-based trading option, while FXGT.com offers a comprehensive suite including the popular MetaTrader 4 and MetaTrader 5 platforms, and a downloadable Windows-based trading platform. Both brokers offer web-based platforms, but FXGT.com complements this with options for copy trading, attracting traders who prefer social trading features. Additionally, both Spreadex and FXGT.com provide free virtual demo accounts, allowing new and experienced traders to simulate trading without the risk of real money.
Charting tools and customization are essential for traders, and here FXGT.com may have the edge, with 23 drawing tools compared to Spreadex’s 11. However, Spreadex gives users more watchlist columns, with eight fields compared to FXGT.com's five, which might appeal to traders who value detailed market monitoring. Despite these differences, both platforms offer the capability to trade directly from stock charts, adding convenience to the trading process. Ultimately, both brokers receive a commendable four-star rating for their trading platforms and tools, although Spreadex ranks slightly higher at #46 compared to FXGT.com's rank of #56 in the Trading Platforms and Tools category by ForexBrokers.com.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 58 | 37 |
| Charting - Drawing Tools (Total) | 11 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Spreadex and FXGT.com offer support for iPhone and Android devices, providing users with flexibility to trade on the go. Both apps allow traders to receive stock or forex price alerts, ensuring they stay informed about market movements. However, FXGT.com has an edge with its watchlist symbol syncing feature, which lets users seamlessly manage their watchlists across different devices. Spreadex, while lacking this feature, still provides essential tools like trendline drawing and multiple time frame viewing, similar to FXGT.com.
For chart enthusiasts, FXGT.com stands out by offering 30 different technical studies, significantly enhancing chart analysis opportunities compared to Spreadex, which does not specify how many technical studies are available. Another difference is FXGT.com's ability to auto-save chart drawings, making it more convenient for users who frequently analyze charts. Despite these advantages, Spreadex's mobile trading app is rated slightly higher at 4 stars, compared to FXGT.com's 3.5 stars. Additionally, Spreadex is ranked #46 among 63 brokers by ForexBrokers.com, while FXGT.com is placed at #58, indicating a better overall reputation for Spreadex in the mobile trading app category.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research tools, Spreadex stands out by offering a variety of insightful resources. Users benefit from daily market commentary and forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. Spreadex also provides advanced analysis tools from Autochartist, as well as a sentiment-based trading tool that displays the ratio of long or short positions across different currency pairs. Moreover, an economic calendar keeps traders informed about global events. This comprehensive suite of tools earns Spreadex a commendable research rating of four out of five stars, placing it 31st out of 63 brokers reviewed by ForexBrokers.com.
In contrast, FXGT.com offers a more limited selection of market research features. While it does include a sentiment-based trading tool and an economic calendar, it lacks daily market commentaries and access to top-tier forex news services. FXGT.com also misses out on technical tools from companies like Autochartist and Trading Central. This more restricted range of resources contributes to its three-star rating for research, ranking it 56th among 63 brokers according to ForexBrokers.com.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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 Spreadex and FXGT.com, Spreadex comes out on top. Spreadex provides Forex and CFDs education with a library of over 10 informative pieces, such as articles and videos, designed to help novices. Furthermore, it caters to beginners specifically by offering over 10 educational videos that cover fundamental trading topics. Additionally, beginners can benefit from Spreadex's investor dictionary, offering definitions for over 50 investing terms, making complex terminology more accessible. This comprehensive approach earns Spreadex a commendable rating of 4 stars for education, ranking it 45th out of 63 brokers according to ForexBrokers.com.
On the other hand, FXGT.com lags behind when it comes to teaching beginners about Forex and CFDs. Unlike Spreadex, FXGT.com does not meet the threshold of providing at least 10 educational pieces specifically focused on these subjects. Though it does offer an investor dictionary with more than 50 terms, it lacks dedicated beginner-level educational videos, which might leave newcomers seeking additional guidance. With a 3-star rating for education and a 60th position ranking by ForexBrokers.com, FXGT.com may benefit from expanding its educational offerings to better support aspiring traders.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Spreadex finished with an overall rank of #39, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 69 |
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Both Spreadex and FXGT.com allow users to purchase cryptocurrency derivatives without offering the option to buy actual delivered cryptocurrency, enhancing trading options without owning the digital asset itself.
When comparing online brokers Spreadex and FXGT.com, both facilitate deposits and withdrawals via Visa, Mastercard, and bank wires, but only FXGT.com supports transactions through ACH or SEPA transfers, while neither broker offers PayPal or Skrill 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 | FXGT.com | |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | FXGT.com | |
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| Regulation | Spreadex | FXGT.com | |
|---|---|---|---|
| Trust Score | 71 | 69 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Spreadex | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 117 | |
| Forex Pairs (Total) | 52 | 53 | |
| 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). | 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Spreadex | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Spreadex | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 5 | |
| Charting - Indicators / Studies (Total) | 58 | 37 | |
| Charting - Drawing Tools (Total) | 11 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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