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 considering online brokers, it's essential to evaluate their commissions and fees. Spreadex, with a rating of 4 stars out of 5, offers competitive average spreads, particularly for the EUR/USD pair. In January 2024, the average spread was recorded at 0.81 pips, with the minimum spread reaching as low as 0.6 pips about 60% of the time. This cost-effective structure positions Spreadex at rank #27 among 62 brokers evaluated by ForexBrokers.com in the Commissions and Fees category.
On the other hand, FXGT.com falls slightly behind in terms of fees competitiveness. Without available average spread data, potential clients may find it challenging to gauge cost efficiency. Rated at 3.5 stars out of 5 for commissions and fees, FXGT.com is ranked at #55 by ForexBrokers.com. This indicates a less favorable fee structure compared to Spreadex within the industry.
| 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 online brokers Spreadex and FXGT.com, a key distinction lies in the breadth of investment options available to traders. Spreadex offers a notably larger selection, boasting 10,000 tradeable symbols overall, while FXGT.com provides access to 117 symbols. For those focused on forex trading, both platforms offer a similar selection, with Spreadex providing 52 forex pairs and FXGT.com offering 53. However, neither broker grants access to actual exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares, and neither supports the direct purchase of cryptocurrencies. Both platforms do, however, enable the trading of cryptocurrency derivatives.
FXGT.com takes a modern approach by offering copy trading, a feature missing from Spreadex. Despite this, Spreadex holds a higher regard for its range of investments, earning a 5-star rating compared to FXGT.com's 3-star rating. This distinction is reflected in ForexBrokers.com's rankings, where Spreadex is placed at #13 out of 62 brokers for investment range, while FXGT.com is ranked at #60. This comparison highlights Spreadex as a more comprehensive choice for investors seeking a wide array of investment opportunities, especially outside of traditional copy trading features.
| 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.
Both Spreadex and FXGT.com provide traders with virtual demo accounts, allowing novices and experienced users alike the opportunity to practice before investing real money. While Spreadex has developed its own proprietary trading platform, FXGT.com offers a Windows-based desktop platform that appeals to users looking for more traditional software solutions. Both brokers support browser-based trading, but FXGT.com also caters to traders familiar with popular third-party platforms, as it offers MetaTrader 4 and MetaTrader 5. Moreover, FXGT.com supports copy trading—a feature Spreadex lacks—making it a potentially appealing choice for those interested in mirroring the strategies of successful traders.
When it comes to charting tools, FXGT.com offers considerably more drawing tools with 23 options compared to Spreadex's 11, though both platforms allow trades to be executed directly from stock charts. In terms of customizable watch lists, Spreadex offers more detailed options with 8 columns against FXGT.com's 5. Both brokers have received 4-star ratings for their trading platforms and tools, although Spreadex ranks slightly higher at #46 compared to FXGT.com’s #56 according to ForexBrokers.com. This makes both suitable contenders depending on individual preferences for trading tools and platform features.
| 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.
Both Spreadex and FXGT.com provide mobile trading apps for iPhone and Android devices, catering to a broad spectrum of traders. With features like stock and forex price alerts and the capability to draw trendlines and view multiple time frames, both brokers offer users comprehensive tools for trading on the go. However, FXGT.com stands out by providing watchlist symbol syncing with the client's online account and 30 technical studies for charting, aspects missing from Spreadex's mobile offering.
Despite the differences in features, Spreadex holds a slight edge with a mobile app rating of 4 stars compared to FXGT.com's 3.5 stars. Additionally, ForexBrokers.com ranks Spreadex at #46 among 62 brokers in the Mobile Trading Apps category, ahead of FXGT.com, which is ranked at #58. In summary, while both apps are well-equipped for mobile trading, traders seeking more technical functionalities might lean towards FXGT.com, whereas those prioritizing overall app ratings and rankings might prefer Spreadex.
| 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 choosing between online brokers, Spreadex stands out for providing extensive market research tools. It offers daily market commentary and delivers forex news from top-tier sources like Bloomberg and Reuters, ensuring clients stay updated on the latest financial developments. Additionally, Spreadex integrates tools from Autochartist, adding valuable technical analysis options. Investors can also benefit from a sentiment-based trading tool, revealing the tilt of long or short positions across currency pairs and other instruments. Moreover, Spreadex features a comprehensive economic calendar for tracking global news events. With these resources, it's no surprise that Spreadex is rated 4 stars for research and ranks #31 out of 62 brokers by ForexBrokers.com.
On the other hand, FXGT.com does not offer daily market commentary or forex news from leading outlets like Bloomberg or Reuters, which can be a drawback for those seeking real-time updates from the financial world. While it does provide a sentiment-based trading tool and an economic calendar similar to Spreadex, it lacks technical analysis tools from renowned firms like Autochartist. FXGT.com is rated 3 stars in the research category and is positioned at #56 out of 62 according to ForexBrokers.com. Ultimately, for those prioritizing comprehensive market research capabilities, Spreadex seems to offer a more complete package in comparison to FXGT.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 it comes to educational resources for beginners in forex and CFD trading, Spreadex stands out compared to FXGT.com. Spreadex offers more than ten educational materials, including articles and videos focused on forex and CFDs. This makes it particularly appealing to those looking to deepen their understanding of trading basics. Additionally, Spreadex features over ten beginner-focused trading videos, making it an excellent choice for novice traders seeking straightforward materials to get started. Both Spreadex and FXGT.com provide an investor dictionary with definitions of over 50 investing terms, aiding in familiarizing beginners with essential trading jargon.
However, neither broker offers frequent client webinars or maintains a searchable archive of past webinars. Advanced educational videos geared toward experienced traders are also lacking with both brokers. Despite these limitations, Spreadex earns a 4-star education rating, positioning it at #45 out of 62 brokers in the ForexBrokers.com rankings for educational amenities. In contrast, FXGT.com receives a 3-star rating and ranks at #59. When looking to embark on your trading journey with ample educational support, Spreadex seems to provide a richer resource bank compared to FXGT.com.
| 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 62 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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