Written by ForexBrokers.com
In this head to head comparison of Spreadex vs Xtrade, 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.
Spreadex and Xtrade are both online brokers that have been established for several years, with Spreadex founded in 1999 and Xtrade in 2003. Neither of them is publicly traded or operates as a bank. When it comes to regulatory compliance, both brokers maintain a Tier-1 license, indicating a high level of trust. However, Xtrade goes a step further by holding an additional Tier-2 license, suggesting an extra layer of credibility in the eyes of regulatory bodies.
As per ForexBrokers.com's Trust Score, Spreadex is marked as average risk with a score of 71, whereas Xtrade edges out slightly better with a score of 74. This slight difference in trust ratings is noteworthy as it reflects Xtrade's additional regulatory compliance. While both platforms have similarities in their foundational aspects and regulatory standing, Xtrade's extra Tier-2 license might offer a bit more reassurance for users prioritizing regulatory oversight.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Year Founded | 1999 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Spreadex offers transparent commissions and fees for forex trading. In January 2024, its average EUR/USD spread was 0.81 pips, with a minimum spread of 0.6 pips achieved 60% of the time. That consistency can help keep trading costs predictable. For this category, Spreadex earns 4 out of 5 stars and is ranked #28 out of 63 brokers by ForexBrokers.com.
Xtrade does not publish average spread data, making it harder to estimate typical trading costs. The lack of clarity around spreads contributes to its lower evaluation for this category. Xtrade holds a 2.5 out of 5 star rating for commissions and fees and is ranked #64 out of 63 brokers by ForexBrokers.com.
Comparing the two, Spreadex provides clearer—and typically tighter—pricing on EUR/USD, while Xtrade’s costs are less transparent due to missing average spread figures. If minimizing spreads and knowing what you’ll likely pay are priorities, Spreadex is the stronger pick. Always check current live spreads and terms before trading.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average spread (EUR/USD) - Standard account | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex and Xtrade both let you trade forex as CFDs or spot, but their overall selections differ a lot. Spreadex lists about 10,000 tradeable symbols, while Xtrade offers 482. When it comes to currency pairs, Xtrade edges out Spreadex with 56 versus 52. Neither broker lets you buy real exchange-traded shares in the U.S. or abroad, so stock exposure is via CFDs rather than owning the shares.
For crypto, both brokers provide cryptocurrency CFDs but not actual coins. Neither supports copy trading. In independent ratings for Range of Investments, Spreadex scores 5 stars and ranks #14 out of 63 brokers, while Xtrade earns 3.5 stars and ranks #50. In short, Spreadex suits traders who want a much wider menu of markets, whereas Xtrade may fit those focused on forex and core CFD products.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 482 |
| Forex Pairs (Total) | 52 | 56 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | 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.
Spreadex and Xtrade both offer free demo accounts for practice and each runs its own in-house, web-based trading platform. Neither broker provides a downloadable Windows desktop platform, and neither supports MetaTrader 4 or MetaTrader 5. Copy trading isn’t available at either broker, but both let you place trades directly from price charts. Details on the number of built-in chart indicators and watchlist columns aren’t disclosed.
For trading platforms and tools, ForexBrokers.com rates Spreadex at 4 stars (ranked #47 of 63) and Xtrade at 3.5 stars (ranked #59 of 63). If you want a browser platform with chart trading and a risk-free demo, both are suitable; if ratings and category rank matter to you, Spreadex has the slight edge.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 58 | N/A |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex vs Xtrade: both brokers offer mobile trading apps for iPhone and Android, and each holds a 4-star rating for Mobile Trading Apps. In ForexBrokers.com’s 63-broker rankings, Spreadex places 47th while Xtrade comes in 54th, giving Spreadex a slight edge in overall standing.
When it comes to features, Spreadex supports stock and forex price alerts and lets you draw trendlines on charts; Xtrade does not offer price alerts or trendline drawing. Neither app currently syncs watchlists with the online account, and the number of technical studies available is not specified for either broker. Also, chart drawings do not auto-save in both apps.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
Both Spreadex and Xtrade deliver daily market commentary and stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, so you can stay on top of headlines that move prices. Each broker also provides an economic calendar to track key events and data releases around the world.
The big differences show up in trading tools. Spreadex includes Autochartist for technical scans and offers a sentiment tool that shows the ratio of long and short positions—useful for gauging crowd behavior. Xtrade does not provide Autochartist or a sentiment gauge. Neither broker features Trading Central, TipRanks, or Acuity Trading tools. For research quality, Spreadex is rated 4 out of 5 stars and ranks 32nd out of 63 brokers in ForexBrokers.com’s Research category, while Xtrade earns 3.5 stars and ranks 53rd. If you value built-in chart patterns and sentiment insight, Spreadex has the edge; if you only need news, commentary, and a calendar, both will do the job.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For forex and CFD education aimed at beginners, Spreadex has the edge. It offers at least 10 beginner-focused trading videos, giving new traders a clearer starting path. Xtrade does not meet that threshold, which means fewer structured video lessons for first-timers. Neither broker runs monthly client webinars, and both lack a large library of advanced videos, so seasoned traders may find limited depth.
Ratings echo this picture: Spreadex scores 4 stars for Education and ranks #45 out of 63 brokers on ForexBrokers.com, while Xtrade earns 3.5 stars and ranks #46. If you learn best through beginner videos and want more guidance from the start, Spreadex is the stronger choice; if you’re fine with a lighter set of materials, Xtrade can still serve as a basic introduction to trading.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 Xtrade. Spreadex finished with an overall rank of #39, while Xtrade finished with an overall rank of #60.
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
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Xtrade
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| Overall Rating |
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| Trust Score | 71 | 74 |
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Spreadex vs Xtrade: neither broker lets you buy actual (delivered) cryptocurrency, but both support cryptocurrency trading via CFDs.
Spreadex vs Xtrade deposit and withdrawal options: both online brokers do not support ACH/SEPA; Spreadex also lacks PayPal and Skrill but does offer bank wire transfers, whereas Xtrade’s support for PayPal, Skrill, Visa/Mastercard, and bank wires—and Spreadex’s Visa/Mastercard availability—are not specified.
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 | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Xtrade Review |
| Broker Screenshots | Spreadex | Xtrade | |
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| Broker Gallery (click to expand) |
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| Regulation | Spreadex | Xtrade | |
|---|---|---|---|
| Trust Score | 71 | 74 | |
| Year Founded | 1999 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | Xtrade | |
|---|---|---|---|
| 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 | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Spreadex | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 482 | |
| Forex Pairs (Total) | 52 | 56 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | 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 | Spreadex | Xtrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Spreadex | Xtrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Spreadex | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 58 | N/A | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Spreadex | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Spreadex | Xtrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Xtrade | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Spreadex | Xtrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review | Xtrade Review |
| Overall | Spreadex | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Xtrade Review |
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