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 |
When comparing the commissions and fees of online brokers Spreadex and iFOREX, Spreadex stands out with its transparency and competitive pricing. In January 2024, Spreadex offered an average spread of 0.81 pips for EUR/USD currency pairs. Notably, traders achieved a minimum spread of 0.6 pips 60% of the time during that month, reflecting its consistent and favorable pricing structure. ForexBrokers.com rates Spreadex with 4 out of 5 stars in the commissions and fees category, ranking it at #27 among 63 brokers.
In contrast, iFOREX does not provide average spread data, making it challenging for traders to fully understand the potential costs involved. This lack of transparency may influence its lower rating on ForexBrokers.com, where iFOREX receives 3 out of 5 stars for commissions and fees. This broker stands at a lower ranking of #61 out of 63 brokers, highlighting room for improvement in their fee structures.
Overall, traders looking for clear and competitive pricing might lean towards Spreadex, considering its higher rating and consistent spread offerings. Meanwhile, iFOREX may appeal to those indifferent to detailed spread information, but it ranks lower due to its less transparent fee disclosures.
| 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.
When it comes to the available range of investments, Spreadex and iFOREX each offer unique advantages tailored to different traders' needs. Both platforms provide options for forex trading as CFDs or spot contracts. Spreadex, with an impressive 10,000 tradeable symbols, gives traders a vast selection that spans various asset classes, while iFOREX offers 750 tradeable symbols. Although Spreadex excels in the total number of symbols, iFOREX presents a broader selection in forex pairs, offering 88 pairs compared to Spreadex's 52.
Neither Spreadex nor iFOREX sells exchange-traded securities on U.S. or international markets directly, nor do they facilitate copy trading or the purchase of actual cryptocurrencies. However, both allow trading of cryptocurrency derivatives. Spreadex's expansive range of investment options has earned it a high rating of 5 stars and a rank of #13 in the Range of Investments category by ForexBrokers.com. Meanwhile, iFOREX, with a rating of 3.5 stars, holds the #41 spot in the same category, emphasizing a more focused but less extensive selection.
| 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.
When comparing the trading platforms offered by Spreadex and iFOREX, both brokers provide proprietary platforms developed in-house and offer web-based trading, which allows users to trade directly from their browsers without the need for software downloads. Spreadex distinguishes itself by providing a simulated trading environment with a free virtual demo account, ideal for beginners looking to practice trading without financial risk. Conversely, iFOREX does not offer a demo account option. While neither broker supports MetaTrader platforms or third-party services like DupliTrade and ZuluTrade, both allow users to execute trades directly from stock charts and have a similar user rating of four out of five stars for their trading platforms and tools.
Spreadex and iFOREX have subtle differences in their charting and interface features. Spreadex, ranked 46th out of 63 brokers by ForexBrokers.com for its trading platforms, facilitates users with 11 drawing tools and the ability to customize their watch lists with eight fields. On the other hand, iFOREX, ranked a bit lower at 54th, offers 25 drawing tools for more detailed chart customization and provides one additional field for watch list customization with nine columns. Both brokers offer a user-friendly web trading experience, making them suitable options for traders looking for a straightforward, browser-based approach.
| 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.
When comparing the mobile trading apps of Spreadex and iFOREX, both platforms support trading on iPhone and Android devices. However, Spreadex stands out by offering stock and forex price alerts, a feature unavailable with iFOREX. Neither platform provides watchlist syncing between mobile and online accounts, but Spreadex offers the ability to draw trendlines and view multiple time frames on its charts, enhancing its usability for technical analysis. This is a step ahead of iFOREX, where such features are lacking.
Both Spreadex and iFOREX have received a four-star rating for their mobile trading apps. Despite this, Spreadex holds a higher position in ForexBrokers.com's ranking, coming in at number 46 compared to iFOREX’s ranking at number 55 out of 63 brokers. When it comes to creating watchlists with real-time quotes, Spreadex once again takes the lead, offering this useful functionality, whereas iFOREX does not. While both apps do not save chart drawings automatically, Spreadex provides more tools for active traders who need comprehensive charting capabilities on the go.
| 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.
When considering market research capabilities, Spreadex and iFOREX each have their strengths. Both platforms provide daily market commentary, keeping traders informed with timely insights. However, Spreadex excels by offering forex news from top-tier sources like Bloomberg and Reuters, while iFOREX does not have access to such renowned outlets. Spreadex further enhances its offerings with technical analysis tools from Autochartist, a feature absent from iFOREX's services. On the other hand, iFOREX provides access to Technical Analytics from Trading Central, a tool not available through Spreadex.
Both Spreadex and iFOREX feature sentiment-based trading tools and comprehensive economic calendars to aid traders in staying updated on global events. Despite these similarities, Spreadex holds a slight advantage, earning a 4-star research rating compared to iFOREX's 3.5-star rating. This excellence is reflected in their rankings on ForexBrokers.com, where Spreadex is positioned at #31, outperforming iFOREX's rank of #48 out of 63 brokers. Overall, traders seeking more comprehensive news sources and specific technical tools might consider Spreadex, while those valuing Trading Central analytics could lean towards iFOREX.
| 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 | No |
| Signal Centre (Acuity Trading) | No | 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
|
|---|---|---|
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| Trust Score | 71 | 75 |
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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.
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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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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research 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) | 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 | iFOREX | |
|---|---|---|---|
| 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 | 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 | 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 | |
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| Trust Score | 71 | 75 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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