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Spreadex vs TopFX 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is Spreadex better than TopFX? In our analysis of 23 international regulators across 39 of the best forex brokers, Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingSpreadexTopFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools3.5 Stars4 Stars5 Stars
Mobile Trading3.5 Stars4 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score706799
Winnercheck_circle
ReviewTopFX ReviewIG Review
RegulationSpreadexTopFXIG
Trust Score706799
Year Founded199920101974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses107
Tier-2 Licenses012
Tier-3 Licenses001
Authorised in European UnionNoNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)SpreadexTopFXIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)SpreadexTopFXIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)SpreadexTopFXIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsSpreadexTopFXIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)200065519537
Forex Pairs (Total)5260100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingNoYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostSpreadexTopFXIG
Average Spread EUR/USD - Standard-1N/A0.86 (September 2022)
All-in Cost EUR/USD - Active-1N/A0.5957 (September 2022)
Active Trader or VIP DiscountsNoNoYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingSpreadexTopFXIG
Minimum Initial Deposit$0Depends on payment methodยฃ250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsSpreadexTopFXIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)NoYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoNoNo
cTraderNoYesNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsSpreadexTopFXIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields714
Charting - Indicators / Studies (Total)553033
Charting - Drawing Tools (Total)101520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingSpreadexTopFXIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / StudiesN/A3033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarYesYesYes
ResearchSpreadexTopFXIG
Daily Market CommentaryYesNoYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoYesYes
Trading Central (Recognia)NoYesNo
Social Sentiment - Currency PairsNoYesYes
Economic CalendarYesYesYes
EducationSpreadexTopFXIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsNoNoYes
Client Webinars (Archived)NoNoYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsSpreadexTopFXIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewTopFX ReviewIG Review
OverallSpreadexTopFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools3.5 Stars4 Stars5 Stars
Mobile Trading3.5 Stars4 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score706799
Winnercheck_circle
ReviewTopFX ReviewIG Review
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Spreadex vs TopFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Spreadex vs TopFX.

Does Spreadex or TopFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is Spreadex or TopFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Spreadex holds 1 global Tier-1 licenses, while TopFX holds 0. TopFX holds 1 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, Spreadex earned a higher Trust Score than TopFX.

Which trading platform is better: Spreadex or TopFX?

To compare the trading platforms of both Spreadex and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. Forex pairs aside, Spreadex offers traders access to 2000 CFDs while TopFX has 655 available CFDs, a difference of 1345.

Can I trust Spreadex?

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

Is Spreadex good?

SpreadEx is best known for pioneering sports betting, but it also caters to financial trading through its FCA-regulated entity in the U.K. which offers a proprietary trading platform as well as a growing selection of markets. However, SpreadEx can't compete with the best forex brokers in certain key categories, such as education and research.

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: IG

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