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 wider set of trading platforms and tools than Spreadex. Both brokers offer a free demo account for simulated trading, a proprietary platform, and web-based trading, and both let you trade directly from a stock chart. StoneX Trading also adds a Windows desktop platform, copy trading, and MetaTrader 4 (MT4), while Spreadex does not offer those options. Neither broker supports MetaTrader 5 (MT5).
For traders looking for more platform choice, StoneX Trading comes out ahead with a 4.5-star rating for Trading Platforms and Tools and a ForexBrokers.com ranking of #11 out of 36 brokers, compared with Spreadex at 4 stars and #36. In simple terms, both brokers cover the basics well, but StoneX Trading offers more tools for active traders and those who want extra platform flexibility.
| 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 apps also support stock and forex price alerts, and both let users draw trendlines on charts. Where StoneX Trading stands out is in watchlist syncing, which keeps mobile watchlists aligned with the online account, while Spreadex does not offer this feature.
For charting, StoneX Trading offers 88 technical studies in its mobile app, along with auto-saving drawings, which can be helpful for traders who want their work saved without extra steps. Spreadex does not list technical studies in the same way and does not auto-save chart drawings. These differences help explain why StoneX Trading earns a higher mobile app score, at 4.5 out of 5 stars, compared with Spreadex at 4 stars, and why StoneX Trading ranks #9 out of 36 brokers for Mobile Trading Apps, versus #35 for Spreadex.
| 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 useful mix of market research features. Each offers daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, a sentiment tool showing long and short positioning, and an economic calendar with global events. Neither broker includes TipRanks or Acuity Trading tools, so in that area they are tied.
The main difference is in third-party research tools. StoneX Trading includes Trading Central, while Spreadex offers Autochartist instead. That gives StoneX Trading the edge overall for research, which is reflected in its 4.5-star rating and #10 ranking out of 36 brokers by ForexBrokers.com. Spreadex is still competitive, but comes in lower at 4 stars and #29 out of 36.
| 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.
When it comes to educational resources for beginners, StoneX Trading comes out ahead of Spreadex. StoneX Trading offers forex and CFD education with at least 10 learning pieces focused on those markets, plus online client webinars every month. It also provides 10 or more beginner videos and 10 or more advanced videos, giving new traders and more experienced users a wider path to learn and grow. This stronger mix of lessons helps explain why StoneX Trading is rated 4.5 out of 5 stars for Education and ranks #9 out of 36 brokers by ForexBrokers.com.
Spreadex still gives beginners useful support, including 10 or more beginner trading videos, but its overall education offering is more limited. It does not offer monthly educational client webinars, and it does not appear to provide the same level of forex or CFD-specific education or advanced video content as StoneX Trading. Spreadex is rated 4 out of 5 stars for Education and ranks #35 out of 36 brokers, making it a less complete choice for traders who want a fuller learning experience.
| 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
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 70 |
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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.
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0 of 5| Overall Rating | StoneX Trading | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Spreadex Review |
| Broker Screenshots | StoneX Trading | Spreadex | |
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| 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 | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Spreadex Review |
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