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Spreadex Review

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

March 11, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Spreadex has a long-standing history as a London-based, FCA-regulated broker. Spreadex's multi-asset offering includes forex, CFDs, spread betting, and options. Traders at Spreadex also gain access to the award-winning TradingView platform along with decent research and educational content. That said, its overall offering is plain vanilla and its lack of additional regulatory licenses brings its Trust Score down.

4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 71
  • Tradeable Symbols (Total): 10000

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thumb_up_off_alt Pros

  • Offers the popular TradingView platform.
  • Better-than-average spreads and no inactivity fees.
  • Like many U.K. forex brokers, Spreadex offers spread betting.
  • Delivers a variety of research updates, such as headlines from Reuters and a daily market update.
  • Spreadex' charts offer a variety of indicators and the Pro Trading Tools package.
  • Educational content is good (though largely unorganized).
  • Perks, such as a free subscription to the Financial Times (FT), become available when you deposit at least 500 GBP.
  • Certain professional account holders may qualify for an interest-free credit limit, allowing clients to place trades before initial deposits have cleared.
  • In addition to forex and CFDs, Spreadex offers options trading.
  • Customizable execution settings and default trade settings, including price tolerance thresholds, and partial fills.
  • Spreadex holds $111 million in net assets as of its latest U.K. company filing for 2023.

thumb_down_off_alt Cons

  • Demo accounts are not available at Spreadex.
  • Most of Spreadex’ research content is not directly integrated; instead, it redirects to the broker’s website.
  • MetaTrader is not available (although TradingView is an excellent substitute).
  • The Spreadex web platform has a great foundation but it lacks interactive features and could use a modern update.

Overall summary

Feature Spreadex logoSpreadex
Overall Rating info 4/5 Stars
Trust Score info 71
Offering of Investments 5/5 Stars
Commissions & Fees 4/5 Stars
Platform & Tools 3.5/5 Stars
Research 4/5 Stars
Mobile Trading 3.5/5 Stars
Education 3.5/5 Stars has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Is Spreadex safe?

Trust Score

Spreadex is considered Average Risk, with an overall Trust Score of 71 out of 99. Spreadex is not publicly traded and does not operate a bank. Spreadex is authorized by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). Spreadex is authorised by the following Tier-1 regulators: the Financial Conduct Authority (FCA). Learn more about Trust Score.

Feature Spreadex logoSpreadex
Year Founded info 1999
Publicly Traded (Listed) info No
Bank info No
Tier-1 Licenses info 1
Tier-2 Licenses info 0
Tier-3 Licenses info 0
Tier-4 Licenses info 0

Spreadex Trading Platform Screenshots

Spreadex Platforms & Tools

Spreadex Commissions & Fees

Spreadex Research

Spreadex Education

​​What is Spreadex?

Founded in 1999, Spreadex is a U.K.-based FCA-regulated broker offering forex trading via CFDs. Though Spreadex offers sports betting and is regulated by the Gambling Commission, the broker's gambling business is separate from its financial trading offering.

For the purpose of this review, we have focused on the broker's financial trading segment. does not review sports betting products (not to be confused with spread betting, which is a financial instrument available to U.K.-based traders).

What is the minimum deposit for Spreadex?

The minimum deposit is $0 at Spreadex. This means you can open a live account and deposit any amount you’d like before you start trading. You can also choose not to deposit funds if you’d like to test the platform without risking your money. Unfortunately, demo accounts are not available at Spreadex.

How do you withdraw money from Spreadex?

To withdraw money from your Spreadex account, either call Customer Service or navigate to the “Withdraw Funds” section under the “My Accounts” tab within the client portal. Funds can be sent back via the original payment method. It’s worth noting that the minimum withdrawal from Spreadex is 50 GBP. If your account balance is lower than 50 GBP, you must withdraw the full balance. One more note: Card withdrawals at Spreadex have a limit of 25,000 GBP per withdrawal, except for Mastercard which is 2,500 GBP at a time.

Is Spreadex a betting exchange?

Spreadex does offer sports betting, though it’s segmented away from its financial trading services. That said, it’s important to note that within Spreadex’s financial trading site, which offers forex and CFDs, spread betting is also available. Spread betting is a tax-free form of financial speculation similar to CFDs (only available to U.K.-based traders) and should not be confused with gambling or sports betting.

Can I trade forex and bet on sports with the same Spreadex account?

The only way to trade forex and sports betting from within the same account at Spreadex is to open a Spreadex professional account.

2024 Review Methodology

At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Read our full explanation and accounting of our research and testing process to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

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About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans
John Bringans

John Bringans is the Senior Editor of An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.