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 | 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 | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex vs iFOREX on range of investments: Spreadex lists 10,000 tradeable symbols, far more than iFOREX’s 750. Both support forex trading as CFDs, with iFOREX offering 88 currency pairs versus 52 at Spreadex. Neither broker provides access to real, exchange-traded stocks on U.S. or international exchanges, and neither supports copy trading. For crypto exposure, both offer cryptocurrency derivatives, but not the ability to buy actual coins.
For range of investments, ForexBrokers.com rates Spreadex at 5 stars (ranked 14th of 63), while iFOREX earns 3.5 stars (42nd of 63). In short, choose Spreadex if you want the widest overall choice of markets, and pick iFOREX if your priority is a larger list of forex pairs and you’re comfortable trading CFDs without direct share dealing or delivered crypto.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 750 |
| Forex Pairs (Total) | 52 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | No |
| 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 iFOREX both offer proprietary, web-based trading platforms, and neither provides a downloadable Windows desktop app. MetaTrader 4 and MetaTrader 5 are not supported at either broker, and copy trading options like ZuluTrade and DupliTrade are also unavailable. A key difference is practice access: Spreadex includes a free virtual demo (paper trading), while iFOREX does not.
For platform tools, both brokers let you place trades directly from charts. Indicator counts weren’t specified, but iFOREX offers 25 drawing tools compared with 11 at Spreadex. Watchlists include 9 columns at iFOREX versus 8 at Spreadex. Each broker earned 4 out of 5 stars for Trading Platforms and Tools; among 63 brokers reviewed by ForexBrokers.com, Spreadex ranked 47th and iFOREX 55th. Choose Spreadex if a demo account matters most; consider iFOREX if you want more built-in drawing tools.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 58 | 57 |
| Charting - Drawing Tools (Total) | 11 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and iFOREX both offer mobile trading apps for iPhone and Android. The key differences are in features: Spreadex includes price alerts and lets you build a watchlist with real-time quotes, while iFOREX does not offer those. Neither app syncs watchlists with the web platform. For charting, Spreadex allows drawing trendlines and changing time frames (such as daily, weekly, or intraday); iFOREX lacks these options. Auto-saving chart drawings is unavailable on both, and neither broker publishes a count of technical studies for their mobile charts.
Despite both earning 4 out of 5 stars for mobile trading, ForexBrokers.com ranks Spreadex higher (#47 of 63) than iFOREX (#56 of 63). If you want price alerts, practical chart tools, and a real-time watchlist on your phone, Spreadex is the stronger choice. If you only need basic trading access on iPhone or Android and can do without those extras, iFOREX can still meet the need.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | 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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners at Spreadex and iFOREX, Spreadex shines with its extensive offerings. It provides a collection of over ten educational pieces centered on forex and CFDs, catering specifically to those new to trading. This includes an impressive array of beginner-focused videos and a comprehensive investor dictionary featuring definitions of over 50 investing terms. Unfortunately, Spreadex falls short with no online educational webinars or advanced video content for seasoned traders, but it still manages to earn a commendable 4-star education rating and ranks #45 out of 63 brokers on ForexBrokers.com.
iFOREX, although slightly less prominent in its educational resources, still provides a range of beginner videos for those stepping into the trading world. However, it lacks the diversity and depth seen in Spreadex, with no investor dictionary or substantial forex and CFDs educational content. Like Spreadex, iFOREX does not offer regular client webinars or advanced topics for more experienced traders, resulting in a modest 3.5-star education rating and a lower ranking of #53 in ForexBrokers.com's education category. Overall, beginners seeking comprehensive support may find Spreadex to offer a more attractive package for educational development.
| Feature |
Spreadex
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | 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
|
iFOREX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 71 | 75 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Spreadex and iFOREX do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options for purchasing cryptocurrency derivatives.
While both Spreadex and iFOREX support Visa, Mastercard, and bank wires for deposits and withdrawals, only iFOREX offers additional options through PayPal and Skrill, whereas neither broker provides ACH or SEPA transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Spreadex | iFOREX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 75 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | iFOREX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| 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/Central Bank 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. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Spreadex | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 8 | 9 | |
| Charting - Indicators / Studies (Total) | 58 | 57 | |
| Charting - Drawing Tools (Total) | 11 | 25 | |
| 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 Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Spreadex | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 75 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill