Written by ForexBrokers.com
In this head to head comparison of Spreadex vs iFOREX, 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.
Founded in 1999, Spreadex is an online broker that offers trading services and holds one Tier-1 license, indicating high trustworthiness from ForexBrokers.com. The company is not publicly traded and does not operate as a bank. Spreadex earns a Trust Score of 71 out of 99, categorizing it as an average risk broker according to ForexBrokers.com. Despite not having any Tier-2 licenses, Spreadex's Tier-1 license supports its credibility in the trading community.
iFOREX, on the other hand, has been in operation since 1996 and, like Spreadex, holds one Tier-1 license and is not publicly listed or a banking institution. With a slightly higher Trust Score of 75 out of 99, iFOREX is considered to pose an average risk based on ForexBrokers.com standards. While it does not hold any Tier-2 licenses, its Tier-1 status provides assurance to traders seeking a reliable platform.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing commissions and fees, Spreadex stands out with clear EUR/USD pricing: in January 2024, its average spread was 0.81 pips, and the minimum spread of 0.6 pips was available 60% of the time that month. Based on this pricing profile, Spreadex earns 4 out of 5 stars for commissions and fees and ranks #28 out of 63 brokers in the ForexBrokers.com Commissions and Fees category.
By contrast, iFOREX does not provide average spread data for EUR/USD, making direct price comparisons harder. Reflecting this and other cost factors, iFOREX is rated 3 out of 5 stars for commissions and fees and holds a lower position at #62 out of 63 brokers in the same ForexBrokers.com ranking.
Bottom line: traders focused on documented spreads and fee competitiveness may find Spreadex more appealing, while iFOREX’s limited published data and lower ranking suggest it may be less cost-focused compared to peers.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex vs iFOREX: for overall market variety, Spreadex stands out with 10,000 tradeable symbols compared with iFOREX’s 750. If your focus is forex, iFOREX lists 88 currency pairs versus 52 at Spreadex. Both brokers offer forex trading (CFD/spot) and let you trade cryptocurrencies via crypto CFDs; neither supports buying actual, delivered crypto.
Neither platform offers direct share dealing on U.S. or international exchanges—you trade via CFDs instead—and neither supports copy trading. According to ForexBrokers.com’s Range of Investments scores, Spreadex earns 5 stars and ranks 14th out of 63 brokers, while iFOREX earns 3.5 stars and ranks 42nd. In short: pick Spreadex for a wider overall selection, or choose iFOREX if having more forex pairs is your priority.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 750 |
| Forex Pairs (Total) | 52 | 88 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 vs iFOREX for trading platforms and tools: both brokers offer proprietary, web-based platforms and let you place orders directly from charts. Neither supports a downloadable Windows desktop platform, copy trading, or MetaTrader 4 (MT4) or MetaTrader 5 (MT5). A key difference is practice trading: Spreadex provides a free demo (paper trading) account, while iFOREX does not. Neither broker lists the exact number of built-in technical indicators or watchlist columns.
In independent ratings, both earn 4 stars for Platforms & Tools. However, across 63 brokers, ForexBrokers.com ranks Spreadex at #47 versus iFOREX at #55. If you want a web platform with in-house tools and chart trading, either works; if a virtual demo is important for testing strategies, Spreadex is the better fit.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 58 | 57 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex vs iFOREX for mobile trading: both brokers provide iPhone and Android apps and each earns a 4-star mobile rating. In ForexBrokers.com’s Mobile Trading Apps rankings, Spreadex sits at 47 out of 63 brokers, while iFOREX is 56 out of 63, giving Spreadex a slight edge overall.
Key features differ. Spreadex offers price alerts for stocks and forex; iFOREX does not. Spreadex also lets you draw trendlines on charts, whereas iFOREX lacks this tool. Neither app syncs watchlists between mobile and the web platform, and neither saves chart drawings automatically. The number of technical studies available in each app isn’t listed.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
Spreadex and iFOREX both cover the basics for market research: daily commentary, a sentiment tool showing long/short positioning, and an economic calendar. Where they differ is in depth and sources. Spreadex streams forex news from top-tier outlets (e.g., Bloomberg, Reuters, Dow Jones) and includes Autochartist for technical and fundamental scans. iFOREX does not offer those two, but it does provide Trading Central analysis, which Spreadex does not. We could not verify whether iFOREX includes TipRanks or Acuity Trading content.
Independent ratings back up these differences: ForexBrokers.com scores Spreadex 4 stars for Research and ranks it 32nd out of 63 brokers, while iFOREX earns 3.5 stars and ranks 49th. If you value premium news feeds and Autochartist screeners, Spreadex has the edge; if you prefer Trading Central signals inside your platform, iFOREX may appeal. Either way, both brokers cover everyday research needs for traders looking for commentary, sentiment, and calendars.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Spreadex vs iFOREX for beginner education: both brokers offer beginner-focused forex and CFD video lessons, with at least 10 starter videos each to help you learn the basics at your own pace. Neither runs monthly client webinars, and neither provides 10 or more advanced-trader videos, so their content leans more toward newcomers rather than experienced traders.
In independent reviews, Spreadex holds a slight edge with a 4 out of 5 star education rating and a #45 rank out of 63 brokers at ForexBrokers.com. iFOREX is close behind with 3.5 stars and a #53 rank. If you want a small advantage in beginner education, Spreadex is the stronger pick; if you’re simply looking for a solid set of starter videos without live classes, either broker fits the bill.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
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 iFOREX. Spreadex finished with an overall rank of #39, while iFOREX finished with an overall rank of #52.
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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iFOREX
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|---|---|---|
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| Trust Score | 71 | 75 |
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In a Spreadex vs iFOREX comparison for cryptocurrency trading, both online brokers do not offer buying actual delivered cryptocurrencies, but they do provide access to cryptocurrency CFDs.
Comparing online brokers Spreadex and iFOREX for deposit and withdrawal options: neither supports ACH/SEPA; Spreadex does not accept PayPal or Skrill but does allow bank wire transfers (Visa/Mastercard not specified), while iFOREX’s availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | iFOREX | |
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| Trust Score | 71 | 75 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | iFOREX | |
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| Broker Gallery (click to expand) |
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| Regulation | Spreadex | iFOREX | |
|---|---|---|---|
| Trust Score | 71 | 75 | |
| Year Founded | 1999 | 1996 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Spreadex | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 750 | |
| Forex Pairs (Total) | 52 | 88 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | iFOREX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Spreadex | iFOREX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Spreadex | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 58 | 57 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Spreadex | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Spreadex | iFOREX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | iFOREX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Spreadex | iFOREX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review |
| Overall | Spreadex | iFOREX | |
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| Trust Score | 71 | 75 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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