Written by ForexBrokers.com
In this head to head comparison of StoneX Trading vs Spreadex, 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.
StoneX Trading and Spreadex are both non-bank online brokers, but StoneX Trading stands out on trust and oversight. Founded in 1983 and listed on a stock exchange, StoneX Trading holds 7 Tier-1 licenses and 1 Tier-2 license, giving it a ForexBrokers.com Trust Score of 99 out of 99, which falls in the highly trusted range. This makes it one of the strongest choices for traders who want a broker with a long history and strong regulatory coverage.
Spreadex was founded later, in 1999, and is privately held rather than publicly traded. It has 1 Tier-1 license and no Tier-2 licenses, with a ForexBrokers.com Trust Score of 70 out of 99, which sits in the average risk category. While it is still regulated, StoneX Trading offers far more regulatory oversight and a higher trust rating overall.
| Feature |
StoneX Trading
|
Spreadex
|
|---|---|---|
| Year Founded | 1983 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
StoneX Trading and Spreadex both offer pricing that is close to the market average, but StoneX Trading comes out slightly ahead on commissions and fees. StoneX Trading’s CFD, forex, and spread-betting costs are generally in line with the industry norm, and traders can often get the best pricing by using its own platforms or MetaTrader. For example, StoneX Trading’s average EUR/USD spread was 0.74 pips in July 2023, which keeps its overall trading cost competitive, though still not quite as low as top low-cost forex brokers.
Spreadex also keeps costs fairly tight, but its pricing is a bit higher than StoneX Trading’s. In January 2024, Spreadex had an average EUR/USD spread of 0.81 pips, with a minimum spread of 0.6 pips available 60% of the time during the month. That makes it a reasonable choice for traders who want simple pricing, but it edges behind StoneX Trading on average cost.
In ForexBrokers.com’s Commissions and Fees category, StoneX Trading is rated 4.5 out of 5 stars and ranked #16 out of 36 brokers, while Spreadex is rated 4 out of 5 stars and ranked #26 out of 36. StoneX Trading also offers active trader rebates, including discounts for eligible U.K. professional traders and volume-based rebates in Australia, which may help lower costs for high-volume clients.
| Feature |
StoneX Trading
|
Spreadex
|
|---|---|---|
| Minimum Deposit | £100.00 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.81 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing StoneX Trading and Spreadex for range of investments, both brokers give traders access to forex as CFDs or spot contracts, and both support cryptocurrency CFDs rather than buying actual crypto. Neither broker offers exchange-traded shares on U.S. or international stock exchanges, so you cannot buy real stocks like Apple or Vodafone through either platform. Both are also rated 5 out of 5 stars for Range of Investments.
StoneX Trading has the edge on choice, with 13,500 tradeable symbols and 66 forex pairs, compared with Spreadex’s 10,000 symbols and 52 forex pairs. StoneX Trading also offers copy trading, while Spreadex does not. This wider selection helps explain why StoneX Trading is ranked #8 out of 36 brokers for Range of Investments, ahead of Spreadex at #13.
| Feature |
StoneX Trading
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 10000 |
| Forex Pairs (Total) | 66 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | 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.
StoneX Trading has a stronger edge over Spreadex when it comes to trading platforms and tools. Both brokers offer a free demo account, a web-based platform, their own proprietary platform, and the ability to trade directly from a chart. However, StoneX Trading also adds a Windows desktop platform, copy trading, and MetaTrader 4 (MT4), while Spreadex does not offer these options. Neither broker supports MetaTrader 5 (MT5).
For traders who want more platform choice and extra features, StoneX Trading may be the better fit. It is rated 4.5 out of 5 stars for Trading Platforms and Tools and ranks #11 out of 36 brokers at ForexBrokers.com, compared with Spreadex’s 4-star rating and #35 ranking. Spreadex still covers the basics well, but StoneX Trading offers more tools for active traders who want flexibility across desktop, web, and chart-based trading.
| Feature |
StoneX Trading
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 88 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
StoneX Trading and Spreadex both make it easy to trade on the go, with iPhone and Android apps available for each. Both mobile apps also support stock or forex price alerts and let users draw trendlines on charts, so traders can keep an eye on market moves and mark key levels from their phones.
Where StoneX Trading stands out is in the details. Its mobile app includes watchlist symbol syncing, so updates carry over between the app and your online account, plus 88 technical studies for charting and auto-saving for chart drawings. StoneX Trading is rated 4.5 out of 5 stars for Mobile Trading Apps and ranks #9 out of 36 brokers at ForexBrokers.com, while Spreadex is rated 4 stars and ranks #34.
| Feature |
StoneX Trading
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
StoneX Trading and Spreadex both give traders a good set of market research tools. Each one offers daily market commentary, forex news from top sources such as Bloomberg and Reuters, a sentiment tool that shows long and short positioning, and an economic calendar for upcoming global events. Neither broker includes TipRanks or Acuity Trading tools, but StoneX Trading stands out by offering Trading Central research, while Spreadex includes Autochartist instead.
When it comes to research quality, StoneX Trading has the edge. It is rated 4.5 out of 5 stars for Research by ForexBrokers.com and ranks #10 out of 36 brokers in the category. Spreadex is still a solid choice, with a 4-star Research rating, but it places lower at #28 out of 36. For traders who want a wider mix of research features and a stronger overall rating, StoneX Trading comes out ahead.
| Feature |
StoneX Trading
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, StoneX Trading has a clear edge over Spreadex. StoneX Trading offers forex and CFDs education, monthly online client webinars, at least 10 beginner videos, and at least 10 advanced videos, giving new traders and more experienced users a fuller learning path. It is also rated 4.5 out of 5 stars for Education and ranks #9 out of 36 brokers at ForexBrokers.com, which points to a stronger overall learning offer.
Spreadex still provides helpful starter content, including at least 10 beginner trading videos, and it earns a solid 4 out of 5 stars for Education. However, it does not offer monthly educational webinars or the same level of advanced video content, and it ranks #34 out of 36 brokers in the Education category. For traders who want more forex and CFDs learning resources, StoneX Trading is the better choice.
| Feature |
StoneX Trading
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that StoneX Trading is better than Spreadex. StoneX Trading finished with an overall rank of #8, while Spreadex finished with an overall rank of #33.
Backed by StoneX Group and formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
StoneX Trading
|
Spreadex
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 70 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing StoneX Trading vs Spreadex, both online brokers let you trade cryptocurrency CFDs, but neither offers the ability to buy actual, delivered cryptocurrency.
When comparing StoneX Trading vs Spreadex for funding methods, StoneX Trading stands out by offering ACH or SEPA transfers and PayPal in addition to bank wires, while Spreadex supports bank wires only and does not offer ACH or SEPA transfers, PayPal, or Skrill.
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 | StoneX Trading | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Spreadex Review |
| Broker Screenshots | StoneX Trading | Spreadex | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | StoneX Trading | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 70 | |
| Year Founded | 1983 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | StoneX Trading | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | StoneX Trading | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | StoneX Trading | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 10000 | |
| Forex Pairs (Total) | 66 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | 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 | StoneX Trading | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | StoneX Trading | Spreadex | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | StoneX Trading | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | StoneX Trading | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | StoneX Trading | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | StoneX Trading | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | StoneX Trading | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | StoneX Trading | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | StoneX Trading Review | Spreadex Review |
| Overall | StoneX Trading | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Spreadex Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
Pepperstone
FP Markets
Tickmill