SpreadEx Review 2024 (Expert Review)
SpreadEx Review Summary
SpreadEx is a popular online brokerage company with traders from most countries. Its trading platform is accessible by web browser or through a mobile app. The company's website is easy to use and features many benefits for traders. The online brokerage is FCA-regulated and offers different trading instruments. The website is easy to navigate, and its mobile app is free to download. The platform offers extensive information and rich features. SpreadEx is a well-established online brokerage. It was recently expanded into the financial world. It has since become a leading broker in the world of proprietary trading apps. Customers can benefit from a demo account, and it is regulated by the Financial Conduct Authority (FCA).
SpreadEx review
SpreadEx Platform Features
๐บ๏ธ Country of regulation | Financial Conduct Authority (FCA) |
๐ฐ Trading fees | No |
๐ฐ Inactivity fee | No |
๐ฐ Withdrawal fee | No |
๐ฐ Minimum deposit | 1 |
๐ Time to open a SpreadEx account | 1-3. *A SpreadEx demo account can be opened in a few minutes, but live SpreadEx trading account creation times will vary depending on how long it takes to process your SpreadEx KYC documents. |
๐ณ Wire Transfer | Yes |
๐ Depositing with electronic wallet | No |
๐ฑ Number of base currencies supported | 7 |
๐ฎ Demo account provided | Yes |
๐๏ธ Financial Instruments offered | Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options, Treasuries, |
SpreadEx review
SpreadEx Financial Regulation
SpreadEx is regulated by Financial Conduct Authority (FCA).
SpreadEx review
SpreadEx Pros And Cons
Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using SpreadEx include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using SpreadEx can be that the spreads offered on trading financial instruments (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.
SpreadEx review
SpreadEx Advantages
One of the main advantages of using SpreadEx is around the clock service and support as well as research offerings. Not only this, but SpreadEx has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of SpreadEx with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with SpreadEx makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. SpreadEx offers stock quotes and trade information, making it easy for users to view how their investments are doing.
- SpreadEx has been in business over 10 years.
- SpreadEx offers Stock Trading.
- SpreadEx offers Cryptocurrency Trading (Availability subject to regulation).
- SpreadEx offers Bitcoin Trading.
- SpreadEx offers Spread Betting.
- SpreadEx offers Hedging.
- SpreadEx offers Scalping.
- SpreadEx does not have inactivity fees.
SpreadEx review
SpreadEx Disadvantages
Although SpreadEx has a lot of good points SpreadEx does not offer the below.
- SpreadEx does not offer PayPal as a payment method (See SpreadEx alternatives who offer PayPal as a payment method here)
- SpreadEx does not offer Neteller as a payment method (See SpreadEx alternatives who Neteller as a payment method here)
- SpreadEx does not offer Skrill as a payment method (See SpreadEx alternatives who offer Skrill as a payment method here)
- SpreadEx does not offer Islamic Accounts (See SpreadEx alternatives who offer Islamic Accounts here)
- SpreadEx does not offer ECN trading (See SpreadEx alternatives who offer ECN trading here)
- SpreadEx does not offer the MetaTrader 4 platform (See SpreadEx alternatives who offer the MetaTrader 4 platform here)
- SpreadEx does not offer the MetaTrader 5 platform (See SpreadEx alternatives who offer the MetaTrader 5 platform here)
- SpreadEx does not offer the cTrader platform (See SpreadEx alternatives who offer the cTrader platform here)
- SpreadEx does not offer a Apple Mac desktop trading platform (See SpreadEx alternatives who offer an Apple Mac desktop trading platform here)
- SpreadEx has inactivity fees (See SpreadEx alternatives who do not have inactivity fees here)
Risk Warning: Losses can exceed deposits.
SpreadEx review
Things to understand when trading with SpreadEx
Trading with SpreadEx involves risk. You should only risk capital with SpreadEx that you can afford to lose. Understand your risk tolerance with SpreadEx, and have a trading strategy that SpreadEx is able to help you execute. SpreadEx is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments SpreadEx give you access too.
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SpreadEx Trading Fees
Trading fees on SpreadEx are taken in the form of the spreads SpreadEx offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on SpreadEx. SpreadEx fees vary depending on the financial instruments traded and can include, SpreadEx overnight funding fees, spreads, margins and SpreadEx inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your SpreadEx account charged by your 3rd party payment provider if your SpreadEx base currency is different from your SpreadEx withdrawal method.
Name | SpreadEx | IC Markets | Roboforex |
Account Fees | No | No | No |
Withdrawal Fees | 0, minimum £50 | No | Yes |
Deposit Fees | No | No | |
Inactivity Fee | No | No | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
SpreadEx review
SpreadEx Financial Instrument Fees
SpreadEx fees for Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options, Treasuries, are listed below.
SpreadEx review
SpreadEx Stock Trading Fees
The majority of SpreadEx trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A SpreadEx stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.
SpreadEx review
SpreadEx Forex Fees
Commission on SpreadEx Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for SpreadEx Forex fees is based on their trade size. To calculate SpreadEx Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.
SpreadEx review
SpreadEx Non Trading Fees
SpreadEx non-trading fees include a variety of SpreadEx brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the SpreadEx trading platform. The most common non-trading fees include SpreadEx withdrawal fees, SpreadEx deposit fees and SpreadEx inactivity fees.
SpreadEx review
SpreadEx Deposit Fees
SpreadEx does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, SpreadEx does not do this.
SpreadEx review
SpreadEx Inactivity Fees
SpreadEx does not charge traders inactivity fees. SpreadEx does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.
SpreadEx review
SpreadEx Withdrawal Fees
SpreadEx does charge SpreadEx clients small withdrawal fees. Withdrawals fees vary between SpreadEx and SpreadEx alternatives depending on where you are located and how much money you are withdrawing.
SpreadEx review
SpreadEx Account Fees
SpreadEx does not charge account fees. Account fees charged differ between SpreadEx and other brokers. An account is a fee that SpreadEx and other brokers assesses on all accounts for the ability to keep an account on their platform.
SpreadEx review
SpreadEx Account Opening
The SpreadEx account registration process is simple, user-friendly, and quick. Within 1-3 most SpreadEx trading accounts are ready for live trades. Our SpreadEx account was validated in 1 day, but live SpreadEx trading account verification times will vary depending on the time it takes to process your KYC documents and SpreadEx trading account application. A SpreadEx demo account can be opened in a few minutes.
SpreadEx trading accounts are available in over 193 countries. SpreadEx is restricted in the following countries.
Apart from the restricted countries a SpreadEx trading account can be opened globally.
The SpreadEx trading platform is available for residents in US. Some financial instruments SpreadEx offer may be restricted in your country.
- Fast SpreadEx account opening.
- SpreadEx accounts can be opened and KYC can be verified digitally.
- SpreadEx minimum deposit is 1 USD / GBP / EURO.
- SpreadEx trading account verification may be held up for longer than a day if there is an issue with verifying your account.
SpreadEx review
SpreadEx Deposit And Withdrawal
SpreadEx Account Base Currencies
A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.
USD, GBP, EUR, CHF, JPY, SGD, AUD, Yes are supported by SpreadEx as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.
SpreadEx offers the following account USD, GBP, EUR, CHF, JPY, SGD, AUD, Yes.
When trading make sure your SpreadEx trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. SpreadEx has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.
Name | SpreadEx | IC Markets | Roboforex |
Number Of Currencies | 7 | 10 | 4 |
Base Currencies | USD, GBP, EUR, CHF, JPY, SGD, AUD, Yes | USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD | USD, EUR, XAU |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
SpreadEx review
SpreadEx Deposit Fees and Deposit Methods
Investors can log in to their SpreadEx trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their SpreadEx trading accounts from an existing bank account or send the funds through a wire transfer or online check.
SpreadEx Deposit Fees
Making a deposit on your SpreadEx account is free.
SpreadEx Deposit Methods
There are several methods through which you can deposit money into your SpreadEx account. One can use a credit or debit card and SpreadEx accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your SpreadEx account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your SpreadEx account. Funding methods for SpreadEx include Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer,.
SpreadEx review
SpreadEx Withdrawal Fees and Withdrawal Methods
You can withdraw cash from your SpreadEx brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open SpreadEx positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your SpreadEx account.
Name | SpreadEx | IC Markets | Roboforex |
Funding Methods | Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer, | Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking, | Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer, |
Withdrawal Fee | 0, minimum £50 | No | Yes |
Deposit Fee | No | Varies | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
SpreadEx Fees When Withdrawing Your Account Balance
SpreadEx do not charge withdrawal fees. Some withdrawal fees are out of the control of SpreadEx and may be due to 3rd party payment providers and your account base currency.
SpreadEx Withdrawal Methods
Log into your SpreadEx trading account, which is connected to your bank account. Go to the section that says โfundsโ or โaccountsโ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your SpreadEx account to your bank account. To withdraw money from your SpreadEx account you can use credit or debit cards. SpreadEx processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as SpreadEx processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.
SpreadEx review
SpreadEx Trading Platforms
As there are a number of tradable financial instruments available on the SpreadEx trading platform. Before investing in the SpreadEx platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The SpreadEx platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. SpreadEx offer phone, and email support.
If you struggle with technology, you need to consider the level of support on SpreadEx is available. Another thing to consider is your financial goals. Make sure that a SpreadEx account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.
There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a SpreadEx account. Ensure that SpreadEx allows you to focus on the type of trading that you want to focus on.
Make sure SpreadEx is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using SpreadEx, think about how easy it is to use for your personal needs. Does the SpreadEx platform offer real-time updates or delayed updates that are more informed? Remember to check if SpreadEx is well regulated, and what tradeable financial instruments SpreadEx has. Security is very important when it comes to trading with SpreadEx.
SpreadEx Web Trading Platform
A SpreadEx web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through SpreadEx which acts as a financial intermediary. SpreadEx is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.
Mobile Trading Platform
Both Android and iOS devices are supported by the SpreadEx mobile trading platform.
SpreadEx Apple IOS Trading Platform
A SpreadEx iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.
SpreadEx Google Play Android Trading Platform
A SpreadEx Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.
SpreadEx review
SpreadEx Mobile Trading User Experience
SpreadEx mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. SpreadEx mobile trading refers to trading using a mobile phone.
Leading brokerages like SpreadEx offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire SpreadEx portfolio. All an investor needs is a Web-enabled smartphone and a trading account with SpreadEx. Once you have download the SpreadEx trading app, you are ready to begin.
SpreadEx review
SpreadEx Desktop Computer Trading Platform
A SpreadEx computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The SpreadEx desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The SpreadEx desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.
SpreadEx PC Trading Platform
One needs a computer with high performing hardware if their plan is to be a full time trader using SpreadEx. A trading computer with access to a SpreadEx PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.
SpreadEx Apple Mac Trading Platform
Apple Macs and MacBooks can easily handle the most important requirements when using the SpreadEx trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the SpreadEx trading platform is very user friendly on a Mac device.
SpreadEx review
SpreadEx Trading Look And Feel
The SpreadEx user interface (UI) is what SpreadEx traders will see and interact with first when trading with the SpreadEx trading platform. The SpreadEx is well designed. The goal of the SpreadEx trading UI is to make the SpreadEx user's experience intuitive. The SpreadEx application has good user experience and a good level of customer satisfaction.
SpreadEx Security
SpreadEx is a secure trading platform. SpreadEx offers traders security via 2 factor authentication, SSL encription when trading with SpreadEx. SpreadEx trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with SpreadEx. Rate limitation on SpreadEx suspicious account activities is another layer of protection that is provided for SpreadEx trading accounts, for example multiple failed login attempts with SpreadEx. You have the option to further safeguard your account by using SpreadEx Two-Factor Authentication (2FA), which provides an extra layer of security.
The SpreadEx trading infrastructure is constantly watched and guarded by a trained team at SpreadEx In addition, SpreadEx never send sensitive information without first encrypting on the SpreadEx trading platform using transport layer security (TLS) and SSL.
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Placing A Buy Or Sell Order On SpreadEx
Available SpreadEx order types. # market, limit, stop, stop limit, Good until end of day / canceled.
SpreadEx Market Order
A SpreadEx market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. SpreadEx market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. SpreadEx market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
SpreadEx Limit Order
A SpreadEx limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.
SpreadEx Stop Order
A SpreadEx stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
SpreadEx Stop Limit Order
A SpreadEx stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The SpreadEx stop-limit order triggers a limit order when a stock price hits the stop level. A SpreadEx stop-limit order can be helpful when trading if you are unable to watch your trades all day.
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SpreadEx Alerts And Notifications
Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.
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SpreadEx Trading Platform Features
Online trading platforms like SpreadEx are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with SpreadEx. The SpreadEx trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using SpreadEx.
SpreadEx Margin Trading
SpreadEx margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, SpreadEx margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.
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SpreadEx Account Types
SpreadEx Demo Account
SpreadEx offers demo accounts that gives traders the ability to purchase and sell SpreadEx financial instruments in a practice environment, using fake SpreadEx digital money and live market conditions and data. When you practise on a SpreadEx demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the SpreadEx platform. SpreadEx demo accounts allow you to experience and practice a variety of market charts, SpreadEx trading indicators, and trading strategies using SpreadEx.
SpreadEx Standard Account
SpreadEx offers a standard trading account, allowing SpreadEx traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich SpreadEx trading platform.
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SpreadEx Tradable Financial Instruments
SpreadEx tradable financial instruments are the financial instruments that are specifically available to trade on the SpreadEx trading platform. This refers to the different types of financial markets you can trade with through SpreadEx. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on SpreadEx.
Name | SpreadEx | IC Markets | Roboforex |
CFD Trading | Yes | Yes | Yes |
Stock Markets | 1000 | 2100 | 53 |
ETFs | 241 | No | |
Fractional Shares | No | No | Yes |
Cryptocurrencies | Yes | Yes | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
SpreadEx review
SpreadEx Trading Stocks
Stock trading with SpreadEx is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with SpreadEx; if you possess the stock on SpreadEx, you own a piece of the corporation and may be entitled to voting rights where applicable.
Stock trading on SpreadEx involves purchasing and selling stocks and share using SpreadEx periodically in order to time trades against the stock markets, with the aim of using SpreadEx to profit from your stock trading. SpreadEx stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on SpreadEx. Stock traders on SpreadEx conduct significant study, frequently dedicating several hours every day to market monitoring using SpreadEx trading tools.
SpreadEx review
SpreadEx Trading ETFs
What Are ETFs
SpreadEx offers ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.
What Are Fractional Shares
SpreadEx does not offer fractional share trading.
Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.
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SpreadEx Trading Cryptocurrencies
SpreadEx offers cryptocurrency trading.
Cryptocurrency trading can be conducted using SpreadEx to buy and sell the cryptocurrency financial instruments on SpreadEx. Cryptocurrency trading can also be done using a cryptocurency CFD SpreadEx trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using SpreadEx. A CFD is a high risk leveraged trade between the trader and the SpreadEx brokerage. No underlying assets are exchanged with a SpreadEx CFD contract, it is purely speculation on the crypto financial instruments price movements with SpreadEx. SpreadEx CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if SpreadEx CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.
The volatility of cryptocurrencies is the biggest source of risk when trading them with SpreadEx. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with SpreadEx.
Cryptocurrency trading is not offered by SpreadEx, so you will need to find a SpreadEx alternative that allows you to buy and sell the underlying cryptocurrency assets. SpreadEx CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a SpreadEx alternative and make sure you undertand the risks fully before trading.
SpreadEx review
SpreadEx Forex Trading
Forex trading with SpreadEx is a method through which to invest money which involves trading one currency for another in a Forex currency pair with SpreadEx. The main aim of SpreadEx Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with SpreadEx. As a SpreadEx Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like SpreadEx. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like SpreadEx. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on SpreadEx.
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SpreadEx Commodities Trading
Commodity trading is a type of trading available on SpreadEx where individuals or businesses buy and sell financial instruments using SpreadEx related to commodities, such as metals or oil.
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SpreadEx Options Trading
SpreadEx options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. SpreadEx option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.
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SpreadEx Futures Trading
Futures trading with SpreadEx is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using SpreadEx to facilitate the trade. A SpreadEx futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on SpreadEx. Typically, futures contracts are traded on an exchange such as SpreadEx; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling SpreadEx trader to the contract agrees to provide it.
SpreadEx review
SpreadEx Bonds Trading
Bonds trading on SpreadEx is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the SpreadEx trader. Bonds can be bought and sold on SpreadEx after they are issued. While some bonds are traded publicly through SpreadEx, most trade over-the-counter between large broker-dealers like SpreadEx acting on their clients' or their own behalf. Yield is therefore based on the SpreadEx purchase price of the bond as well as the coupon.
SpreadEx CFD Trading
A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.
Name | SpreadEx | IC Markets | Roboforex |
Forex CFD | 55 | 61 | 35 |
Index CFD | 30 | 25 | 30 |
Stock CFD | 3,000 | 110 | 8400 |
ETF CFD | 200 | 30 | 50 |
Commodity CFD | 27 | 20 | 20 |
Crypto CFD | Yes | Yes | No |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
SpreadEx review
SpreadEx Trading Research Tools
Taking advantage of SpreadEx trading research tools which are designed to help traders analyse potential investments using the SpreadEx trading platform. Some SpreadEx research tools include charts, technical analysis, and SpreadEx trading indicators.
SpreadEx Trading News
Traders can follow the markets and make wise investment decisions on SpreadEx by using the news to help form a strategy when it comes to choosing investments. A SpreadEx news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
SpreadEx Economic Calendar
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A SpreadEx economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
SpreadEx Fundamental Data On Financial Instruments & Companies
Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. SpreadEx fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.
SpreadEx Charting
Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on SpreadEx are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.
SpreadEx portfolios
Trading portfolios are useful when trading with SpreadEx.
A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.
A SpreadEx trading portfolio is a traders collection of investments, which may include a variety of SpreadEx financial instruments.
SpreadEx review
SpreadEx Payment Methods
A SpreadEx payment method is required to fund your SpreadEx trading account before placing a buy or sell order on a financial instrument.
When trading with SpreadEx, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that SpreadEx do not have any control over.
Name | SpreadEx | IC Markets | Roboforex |
Payment Methods | Credit Card, Giropay, Mastercard, MoneyGram, Perfect Money, Cheque | BPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money | ADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money |
riskwarning | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
SpreadEx review
SpreadEx Withdrawl Methods
When trading with SpreadEx at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your SpreadEx account balance. SpreadEx may have minimum withdrawal limits that you will need to check before withdrawing.
You may be charged a currency conversion fee by your withdrawal method if you withdraw your SpreadEx account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.
SpreadEx Withdrawals Times
The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your SpreadEx account.
Withdrawal requests can take up to three business days to be processed by SpreadEx.
You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.
If you're having a withdrawal transferred to your digital wallet account, your SpreadEx should arrive in less than 24 hours.
SpreadEx review
SpreadEx Customer Support
Customer support represents the resources within the SpreadEx company that provides technical assistance to its customers after they use the SpreadEx service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
SpreadEx offer email, phone, customer support.
SpreadEx Email Support
SpreadEx offers email support.
Email support is a a convenient method of SpreadEx customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from SpreadEx regarding your support request.
SpreadEx Livechat Support
SpreadEx offers livechat support.
SpreadEx live chat support is a way for customers to obtain help from SpreadEx through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.
SpreadEx Telephone Support
SpreadEx offers telephone support.
SpreadEx telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the SpreadEx call centre to give or take information.
SpreadEx Average Support Response times
Contact Method | Average Response Time |
---|---|
SpreadEx Email | 3 hours |
SpreadEx Phone | 3 minutes |
We tested the customer service response times of SpreadEx on Monday, December 16, 2024.
SpreadEx review
SpreadEx Educational Resources
SpreadEx educational resources are used throughout the SpreadEx learning environment to help and assist with customer's development and learning of trading on SpreadEx. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using SpreadEx trading tools. Educational resources like some of the resources available with SpreadEx are a good as part of a wider set of educational guides and information from else where online.
Some of the SpreadEx trading guides and information that we found useful included forex trading courses, market psychology webinars, platform tutorials, daily news.
SpreadEx Trading Platform Tutorials
SpreadEx offer a range of learning resources and tutorials and guides made available to registered SpreadEx users. The SpreadEx guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate SpreadEx users on basic trading principles.
SpreadEx Trading Videos
SpreadEx offer a selection of online trading videos.
Trading videos on SpreadEx help new and even more experienced investors gain insights into SpreadEx technical analysis tools and how the different financial markets work when trading on SpreadEx.
SpreadEx trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs. Some SpreadEx training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using SpreadEx to trade live financial markets.
SpreadEx Webinars
SpreadEx offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of SpreadEx clients who participate by asking questions, replying to polls, and using other interactive technologies available on the SpreadEx trading platform.
SpreadEx review
SpreadEx Financial Regulation When Trading
Financial regulations on SpreadEx protect consumers' investments. Regulations prevent financial fraud and limit the risks that SpreadEx as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. SpreadEx financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.
Is SpreadEx Regulated?
SpreadEx is regulated by Financial Conduct Authority (FCA).
SpreadEx is licensed by financial regulators in certain jurisdictions. You can find out if brokers like SpreadEx are licensed in your country, if they have had run-ins with regulators, or received serious complaints from SpreadEx investors, directly with financial regulators in your country.
SpreadEx Regulatory Protection Limits
When registering with SpreadEx you must check with regulatory body your SpreadEx trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your SpreadEx account is over seen by. SpreadEx client funds are stored in segregated 3rd party bank account in accordance with SpreadEx financial regulators.
Client country | Investor protection amount | Regulator |
---|---|---|
United Kingdom | ยฃ85,000 | Financial Conduct Authority (FCA) |
EU Investor Compensation Scheme | max โฌ50,000 | Directive of The European Parliament and European Commission |
Other countries | 90% of your funds, max โฌ20,000 | Bulgarian Financial Supervision Commission (FSC) |
SpreadEx Trading Signals
SpreadEx does not offer trading signals in any form.Make sure you understand the risks of trading signals.
How does SpreadEx make money?
Because SpreadEx acts as an intermediary, SpreadEx gets compensated on buy and sell transactions of financial instruments. As a result, SpreadEx profit is determined by the volume and number of transactions. SpreadEx earns revenue to fund their SpreadEx platforms and wide range of trading services through market spreads.
Can you buy shares on SpreadEx?
SpreadEx provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. SpreadEx offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and SpreadEx on the speculative up or down price movement on an agreed stocks price movement.
Does SpreadEx offer Cryptocurrency?
SpreadEx does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.
SpreadEx Lower fees, lower costs?
SpreadEx have reasonable trading fees and costs. SpreadEx may charge a deposit fee. SpreadEx may charge a withdrawal fee. Some withdrawal fees are out of the control of SpreadEx and may be due to 3rd party payment providers and your account base currency.
What about the minimum deposit?
SpreadEx minimum deposit is 1 USD / GBP / EUR.
How to start your SpreadEx account?
You can sign up for a live or demo SpreadEx trading account by visiting SpreadEx and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an SpreadEx account here.
How's the SpreadEx trading app?
SpreadEx allow traders to trade financial markets on iOS, Android supported mobile devices.
You can tryout the SpreadEx trading app here. Losses can exceed deposits
Is the quality of SpreadEx customer service satisfactory?
SpreadEx have great customer support which is accessible through email, phone, support options.
Is this broker good for new traders?
SpreadEx is a good trading platform for new traders as SpreadEx offer a good range of educational resources, good support options as well as a demo account.
How do you withdraw money from SpreadEx?
SpreadEx offer a good selection of withdrawal options. Once SpreadEx have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.
Best SpreadEx Alternatives Reviews
If SpreadEx isnt quite what you are looking for you can check out some of the best SpreadEx alternatives below.
- IC Markets Review (read our in depth 2024 review)
- Roboforex Review (read our in depth 2024 review)
- AvaTrade Review (read our in depth 2024 review)
Best SpreadEx Alternatives In Detail
If you would like to see SpreadEx compared agains some of the best SpreadEx alternatives available right now you can do so by clicking on the links below.
- IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
- Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
- AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)