Spreadex Review 2024

What is Spreadex?

Spreadex is a financial trading platform that offers users the ability to speculate on over 60 currency pairs. It provides a range of markets for financial spread betting, including Forex. Forex trading with Spreadex allows users to trade with low spreads, such as 0.6 pts on EUR/USD and 0.9 pts on GBP/USD. This platform has been recognized by traders for its efficiency in executing trades. Spreadex provides advanced technical analysis tools, including Pattern Recognition, ProTrend Lines, and advanced indicators, along with drawing tools. It offers 24-hour trading on most of its FX markets. Forex (or FX) trading involves the trading of currencies on the forex market. Forex markets don’t have a central exchange and are traded 24-hours a day from Monday to Friday by businesses, banks, and individuals. With spread betting, users are speculating on whether the price will go up or down. They do not own the actual underlying currency. When trading currencies with Spreadex, users will trade a pair of currencies such as GBP/USD. GBP in this case is the base currency and USD is the quote currency. If users think the base currency will strengthen, they will buy, and if they think it will weaken, they will sell. Spreadex also provides market information for its available FX spread betting markets. Users can find out all they need to know about spread betting on Forex with Spreadex, including viewing minimum and average spread widths. In conclusion, Spreadex is a comprehensive platform for Forex trading, offering a wide range of tools and features to help traders navigate the Forex market efficiently and effectively.

What is the Review Rating of Spreadex?

What are the Pros of Spreadex?

Spreadex, a CFD and Forex broker, offers several advantages in the context of forex trading:. Tight Spreads: Spreadex offers tight spreads, starting from 0.6 pips for EUR/USD. This is beneficial for traders as it reduces the cost of trading. Variety of Trading Instruments: Spreadex provides access to a wide range of trading instruments. Traders can trade currency pairs (Forex) and contracts for difference (CFDs) on stocks, bonds, indices, commodities, and ETFs. Regulated by FCA: Spreadex is regulated by the UK Financial Conduct Authority (FCA, 190941). This provides a level of security and trust for traders. Low Minimum Deposit: The minimum deposit to start trading with Spreadex is just USD 2. This makes it accessible for traders with varying levels of capital. No Withdrawal Fee: Spreadex does not charge a fee for withdrawals. This can save traders a significant amount of money over time. Free Broker Analytics: Spreadex provides free broker analytics. This can be a valuable resource for traders, helping them make informed decisions. P&L in £: One advantage of spread betting on forex with Spreadex is that your P&L will be in £, so you do not have to worry about FX fees on your resulting profit and loss. Risk Management Tools: Spreadex also offers guaranteed stop losses, for added risk management and trailing stops, which move along with your profitable positions. Please note that while Spreadex offers several advantages, it’s important for traders to do their own research and consider their individual trading needs and goals before choosing a broker.

What are the Cons of Spreadex?

Spreadex, a UK-based CFD and forex broker, has several disadvantages that potential users should be aware of:. Limited Product Portfolio: Spreadex’s product portfolio is limited only to forex and CFDs. This lack of diversity can be a significant drawback for traders looking to diversify their portfolio with other asset classes such as real stocks. Absence of a Desktop Trading Platform: Spreadex does not offer a desktop trading platform. This can be inconvenient for traders who prefer a more robust, feature-rich trading experience that desktop platforms often provide. Limited Research and Education Tools: The research tools provided by Spreadex are limited. Additionally, the education section is very poor. , which can be a disadvantage for novice traders who rely on educational resources to learn about forex trading and improve their trading skills. No Investment Instruments: Spreadex does not offer any investment instruments. This can be a significant disadvantage for traders looking for long-term investment opportunities. Customer Support is Not 24/7: Spreadex does not provide 24/7 customer support. This can be problematic for traders who might need assistance outside of Spreadex’s customer service hours. Limited Language Support: The Spreadex trading platform is available only in English. This can be a barrier for non-English speaking traders. These disadvantages should be carefully considered by anyone thinking about using Spreadex for forex trading. While Spreadex does have some advantages such as low forex fees and a user-friendly web trading platform. , the drawbacks may outweigh these benefits for some traders.

What are the Spreadex Current Promos?

Spreadex, a leading financial spread betting company, offers a variety of promotions to both new and existing clients. Here are some of the current promotions:. FT Subscription Offer: Open an account with Spreadex and deposit £500 to get a 6-month gift subscription to the Financial Times. Spreadex Affiliate Scheme: Spreadex has generous affiliate deals in place for introducing brokers and webmasters. New Accounts - Fixed Odds: Bet £25 and get up to £50 in bonuses. Spread-Free Bets: Qualify for spread-free sports bets. Refer and Earn: Refer a friend offer. These promotions are designed to provide added value to Spreadex’s clients, enhancing their trading experience. Please note that terms and conditions apply to these promotions, and it’s recommended to visit the Spreadex website for more details. In the context of forex trading, these promotions could potentially provide additional resources and benefits to traders. For instance, the FT Subscription Offer could provide valuable insights and analysis on forex markets. The Affiliate Scheme could be beneficial for those who have a network of forex traders. The Fixed Odds offer and Spread-Free Bets could potentially be applied to forex betting, depending on the terms and conditions. It’s important to remember that forex trading involves risk, and it’s crucial to understand the terms and conditions of any promotion before participating. Always trade responsibly.

What are the Spreadex Highlights?

Spreadex is a unique platform that offers a wide range of services, including sports betting, casino gaming, and financial trading. In the context of forex, here are some key highlights:. Award-Winning Platform: Spreadex has been recognized as the Investment Trends 2023 Winner of Best Mobile Platform/App and Best Platform Reliability. This recognition underscores the platform’s commitment to providing a seamless and reliable trading experience. Wide Range of Markets: Spreadex provides access to over 10,000 global markets. , offering traders a vast array of options. This includes a multitude of forex markets, allowing traders to speculate on currency pair movements. Established and Trusted: Founded in 1999, Spreadex has built a reputation for trust and reliability. This long-standing presence in the financial trading industry speaks volumes about its stability and commitment to its clients. Customer Service: Spreadex prides itself on its award-winning customer service. It was voted best for telephone and email customer service in the 2022 Investment Trends survey. , demonstrating its dedication to supporting its clients. Regulated: Spreadex is regulated by the Financial Conduct Authority (FCA). , ensuring that it adheres to strict standards of conduct and that client funds are secure. Educational Resources: Spreadex provides educational resources to help traders understand financial spread betting. This includes a short video explaining how financial spread betting works. , making it a great platform for both novice and experienced traders. Please note that while Spreadex offers a wide range of services, it’s important to understand the risks associated with financial trading. Always do your own research and consider seeking advice from a financial advisor before engaging in forex trading.

Is Spreadex Legit and Trustworthy?

Spreadex is a well-established platform that has been operating in the financial and sports betting industry for several years. It has gained a reputation for being a reliable and trustworthy platform. Regulatory Oversight and Licensing Spreadex is licensed by the UK Gambling Commission. This licensing ensures that Spreadex operates under strict regulations and guidelines, providing a level of security for its users. It is obligated to operate fairly and transparently, which includes paying out winnings to its users. Customer Reviews Customer reviews provide valuable insights into the experiences of actual users. On Trustpilot, Spreadex has received a rating of 3.8 out of 5 based on over 1,000 reviews for its sports betting services. For its financial trading services, it has an even higher rating of 4.7 out of 5 based on 66 reviews. These ratings suggest that many users have had positive experiences with Spreadex. However, it’s worth noting that experiences can vary. Some users have praised the platform for its variety of markets, easy-to-navigate website, and customer service. Others have raised concerns about the platform’s practices. Security Measures Spreadex prioritizes the security of its users’ investments. It employs state-of-the-art encryption and data protection protocols to ensure that sensitive financial information remains confidential and secure. Conclusion In conclusion, Spreadex appears to be a legitimate and trustworthy platform. It is regulated by a reputable authority, has positive customer reviews, and prioritizes user security. However, as with any financial platform, users should do their own research and consider their individual needs and circumstances before using the platform. It’s also recommended to reach out to Spreadex’s customer service for any specific queries or concerns.

Is Spreadex Regulated and who are the Regulators?

Spreadex is indeed a regulated entity. It is overseen by the Financial Conduct Authority (FCA), a top-tier regulator. This means that Spreadex operates legally and is held to a high standard of conduct, providing an extra layer of safety and protection for its clients. The FCA regulation is particularly important in the context of forex and Contracts for Difference (CFDs) trading. Spreadex offers clients access to various classes of trading instruments, including currency pairs (Forex) and CFDs on stocks, bonds, indices, commodities, and ETFs. The FCA has set out several measures to help protect retail clients, including limits on leverage, negative balance protection, and an investor protection scheme. Under FCA regulation, an investor protection scheme provides coverage up to £85,000 for losses if the broker goes bankrupt. This is a significant aspect of FCA regulation as it ensures that your investments are protected. It’s worth noting that the layers of protection offered by the FCA, including their specific investor protection scheme, is only available if you open an account with the broker’s entity that falls under the UK regulation. So, you either need to reside in the UK, or open an account with the broker’s UK entity. In addition to financial spread betting, Spreadex also offers sports spread betting services, which are regulated by the UK Gambling Commission (UKGC). In conclusion, Spreadex’s regulation by the FCA provides a high level of safety and protection for its clients, making it a reliable choice for forex and CFD trading.

Did Spreadex win any Awards?

Spreadex, a leading provider in the financial spread betting industry, has indeed been recognized with numerous awards for its exceptional services. Here are some of the notable accolades they have received:. Best Spread Betting Provider: This prestigious title was awarded to Spreadex at the City of London Wealth Management Awards in 2016, 2018, and 2020. They were also recognized as the Best Spread Betting Provider at the Good Money Guide Awards in 2019. Best Mobile Trading Platform: In the era of digitalization, Spreadex stood out by winning the Best Mobile Trading Platform at the ADVFN Awards in 2020. Best Trading Alerts System: Spreadex’s commitment to providing timely and accurate information to its clients was acknowledged at the ADVFN Awards in 2020, where they won the Best Trading Alerts System. Best Customer Service: Spreadex’s dedication to customer satisfaction has been recognized multiple times. They have won the Investment Trends Award for ‘Best Customer Service’ five times. Best Spread Betting Operator: At the EGR Awards, Spreadex was named the Best Spread Betting Operator in 2017 and 2020. These awards highlight Spreadex’s commitment to providing top-notch services in the financial spread betting industry. Their recognition in various categories underscores their comprehensive approach to delivering excellent customer service, innovative trading platforms, and effective alert systems. This makes them a trusted choice for individuals interested in forex and other financial markets. Please note that spread betting carries a high level of risk and may not be suitable for everyone. Always ensure you fully understand the risks involved before engaging in such activities.

How do I get in Contact with Spreadex?

Spreadex, a leading player in the forex market, offers multiple channels for customers to get in touch with them. Here are the details:. Head Office: Spreadex Ltd. is located at Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU. Customer Services: For general inquiries, you can reach out to their customer services department. The landline number is 01727 895 000. If you’re contacting them from overseas, you can dial +44 1727 895 000. You can also send an email to info@spreadex.com. Financial Trading Room: If your query is specifically related to financial spread betting, you can contact their financial trading room. The freephone number is 08000 526 570, the landline number is 01727 895 151, and if you’re calling from overseas, you can dial +44 1727 895 151. You can also send an email to fins@spreadex.com. It’s worth noting that Spreadex has been a trusted expert in spread betting since 1999. They have received excellent customer reviews, with a rating of 4.7 out of 5 based on 67 reviews. Please note that the operating hours for their head office are from 7.30am to 22.00pm from Monday to Saturday, and from 8.30am to 22.00pm on Sunday. The financial trading room operates 24 hours from Monday to Friday, closes on Saturday, and reopens from 21:00 to 00:00 on Sunday. Before reaching out, it’s recommended to review Spreadex’s privacy policy.

Where are the Headquarters from Spreadex based?

The headquarters of Spreadex, a prominent player in the financial and sports spread betting industry, are located in St Albans, Hertfordshire, United Kingdom. The exact address is Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU. In the context of forex trading, Spreadex offers a comprehensive platform for traders. They provide the opportunity to speculate on over 60 currency pairs including popular ones like EUR/USD and GBP/USD. Spreadex is known for its competitive spreads, with rates as low as 0.6 pts on EUR/USD and 0.9 pts on GBP/USD. Spreadex’s platform is equipped with advanced technical analysis tools including Pattern Recognition, ProTrend Lines, and other advanced indicators. This allows traders to make informed decisions based on comprehensive market analysis. Moreover, Spreadex offers 24-hour trading on most of their FX markets. , providing flexibility for traders across different time zones. This is particularly beneficial for forex trading, as the forex market operates 24 hours a day. In conclusion, Spreadex, with its headquarters in St Albans, Hertfordshire, offers a robust and comprehensive platform for forex trading. Its competitive spreads, advanced technical analysis tools, and 24-hour trading make it a preferred choice for many forex traders.

What kind of Customer Support is offered by Spreadex?

Spreadex offers a comprehensive customer support system that caters to the needs of its clients, particularly those involved in forex trading. Contact Information The primary mode of contact for customer services is via landline at 01727 895 000. For overseas clients, they can reach out at +44 1727 895 000. Email support is also available at info@spreadex.com. Customer Service Hours Customer service is available seven days a week from 8am to 5.30pm. Trading Room Support Spreadex provides specific support for its trading rooms. Clients can find details on how to contact the sports trading room and the financial trading room on their website. Help and Support Spreadex has a dedicated Help and Support section on their website. This includes a Video Training Centre that walks clients through the basics of placing financial spread bets with Spreadex. Account Information Spreadex has collated answers to some common questions regarding opening or operating an account. Trading Information Answers to common questions regarding general trading with Spreadex are also provided. Charting Information Spreadex provides answers to some common questions regarding the charting package. Technical FAQs For any technical issues, clients can call the Support team on 01727 895 000. Payment Information Spreadex provides information about payment methods. In conclusion, Spreadex offers a robust customer support system that ensures clients, especially those involved in forex trading, receive the necessary assistance for a smooth trading experience.

Which Educational and Learning Materials are offered by Spreadex?

Spreadex, a powerful trading platform with a 20-year history, offers a variety of educational and learning materials to help users navigate the world of financial spread betting. These resources are particularly beneficial for those interested in forex trading. The platform’s Video Training Centre is a key resource. It provides short, easy-to-understand video guides that explain how to use the features of Spreadex’s online trading platform. Here are some of the topics covered:. Finding Spread Betting Prices and Selecting Markets: This guide helps users understand how to find spread betting prices and select a market. Placing a Trade: This video explains how to place a spread betting trade quickly and easily. Adding Stops and Limits: Users can learn how to add stops and limits to a spread betting trade. Using a Guaranteed Stop: This guide explains how to use a guaranteed stop in spread betting. Editing a Trade: This video shows users how to edit a spread betting trade. Placing an Order to Open: This guide explains how to place an order to open a spread betting trade. Editing an Order to Open: Users can learn how to edit an existing order to open. Creating a Watchlist: This video helps users understand how to create a spread betting watchlist. Monitoring Positions: This guide shows users how to monitor their spread betting positions. Viewing a Chart for a Chosen Market: This video explains how to view a chart for a particular market. Setting Trade Preferences: This guide helps users understand how to control their spread betting trade preferences. These resources are designed to provide users with a comprehensive understanding of how to use the Spreadex platform for financial spread betting, including forex trading. By leveraging these educational materials, users can enhance their trading skills and make more informed decisions.

Can anyone join Spreadex?

Spreadex, a financial spread betting platform, offers a wide range of services including Forex trading. Here’s a detailed look at the eligibility criteria and features:. Eligibility Criteria:. To open an account, one must fill out an online application form. Complete and accurate details are required to establish identity and carry out anti-fraud and security checks. International applications are accepted, but some territories are restricted due to legal and regulatory reasons. It’s important to understand and be comfortable with the risks involved with spread betting before submitting the application. Forex Trading with Spreadex:. Spreadex offers the ability to speculate on over 60 currency pairs including EUR/USD from 0.6 pts and GBP/USD from 0.9 pts. It provides advanced technical analysis tools including Pattern Recognition, ProTrend Lines, and advanced indicators. Spreadex offers 24-hour trading on most of its FX markets. Account Features:. Spreadex does not charge for holding an account or inactivity fees. There are no minimum deposit requirements, joining fees, contracts to sign, or obligation to trade. Accounts can be operated in GBP, USD, or EUR. Depending on personal circumstances, one may qualify for a credit limit. In most circumstances, it is not possible to open more than one account. Please note that spread betting, including Forex trading, involves significant risk and it’s possible to incur losses that exceed your initial stake. Always ensure you understand the risks before you start trading.

Who should sign up with Spreadex?

Spreadex is a UK-based CFD and forex broker that offers a user-friendly web trading platform covering the most commonly used search and order functions. It is regulated by the top-tier FCA in the UK. and has a clean track record with no major regulatory incidents or fines. Here are some key points to consider:. Low Forex Fees: Spreadex is known for its low forex fees. This makes it an attractive option for traders who are looking to minimize their trading costs. Helpful Customer Service: Spreadex provides fast and helpful customer service via most channels. This can be particularly beneficial for new traders who may require assistance while navigating the forex market. Limited Product Portfolio: Spreadex’s product portfolio is limited only to forex and CFDs. This means it may not be the best choice for traders who are interested in diversifying their portfolio with other asset classes such as real stocks. No Desktop Platform: Spreadex does not offer a desktop trading platform. This could be a drawback for traders who prefer trading on a desktop platform. Limited Research and Education Tools: The research tools and education section provided by Spreadex are very limited. This could be a disadvantage for traders who rely heavily on these resources for making informed trading decisions. In conclusion, Spreadex could be a good choice for spread, forex, and CFD traders who are looking for low fees and great deposit/withdrawal options. However, it may not be the best fit for traders interested in a diverse product portfolio, a desktop trading platform, or extensive research and education tools. As always, potential users should consider their individual trading needs and goals before signing up with any broker.

Who should NOT sign up with Spreadex?

While Spreadex offers a range of services, including financial spread betting, forex trading, and CFD trading. , it may not be the ideal choice for everyone. Here are some types of traders who might want to consider other options:. 1. Beginners: Spreadex’s customer service is very good, but it may not be comprehensive enough for beginners. The platform lacks a demo account. , which is often crucial for beginners to familiarize themselves with trading without risking real money. Additionally, the education section is very poor. , which could make it difficult for new traders to learn and understand the nuances of forex trading. 2. Traders interested in a wide product portfolio: Spreadex’s product portfolio is limited only to forex and CFDs. Traders interested in diversifying their portfolio with other asset classes such as real stocks may find Spreadex lacking. 3. Traders who rely heavily on research tools: Spreadex has limited research tools. Traders who depend on comprehensive research tools for their trading strategies might find Spreadex’s offerings insufficient. 4. Traders who prefer a desktop trading platform: Spreadex does not offer a desktop trading platform. Traders who prefer trading on a desktop platform rather than a web or mobile platform may not find Spreadex suitable. 5. Traders looking for MetaTrader support: Spreadex does not support MetaTrader. , a popular trading platform known for its advanced charting features. Traders who are accustomed to or prefer MetaTrader may not be satisfied with Spreadex’s platform. In conclusion, while Spreadex has its strengths such as low forex fees. , a user-friendly web trading platform. , and excellent customer service. , it may not be the best fit for everyone. Traders should carefully consider their individual needs and preferences when choosing a forex broker.

Does Spreadex offer Discounts, Coupons, or Promo Codes?

Spreadex, a well-established bookmaker and trading platform, offers a variety of promotions and bonuses to both new and existing clients. New Account Offers. Fixed Odds: New users can bet £25 and receive up to £50 in bonuses. Spreads: Spreadex also provides offers for new accounts interested in spread betting. Promotions for Existing Clients. Boost Your ACCA Winnings: This promotion allows users to boost their accumulator winnings by up to 75%. Spread-Free Bets: Details on how to qualify for spread-free sports bets are available. Refer and Earn: Spreadex has a referral program where users can earn rewards for referring new clients. Special Offers. First Past the Post: This offer is specific to UK and Irish racing. Lucky Double Odds: This applies to Lucky 15, Lucky 31, or Lucky 63 bets. ‘2nd to a Rag’ Insurance: Money is returned as a free bet if your horse is 2nd to a 33/1 or greater winner. Please note that terms and conditions apply to these offers, and it’s important to read and understand them before participating. Spreadex’s bonuses and promotions are designed to enhance your betting experience and provide additional value to your bets. Whether you’re interested in fixed odds betting, spread betting, or both, Spreadex has offers to cater to your preferences.

Which Account Types are offered by Spreadex?

Spreadex, a forex broker company based in the United Kingdom, provides traders with access to one or more platforms that allow them to buy and sell foreign currencies. The company was established in 1999 as a financial trading service with online spread betting and launched its online sports betting service in 2006, followed by the financial online trading platform. Spreadex offers one account type, a Standard account. This account type comes with its own set of conditions for commission, margin call, leverage, and minimum deposits. The minimum deposit required to register a Spreadex Professional live trading account is $1 USD. The company’s clients trade with attractive Spreadex conditions and have access to over 10,000 global markets including indices, shares, Forex (also with Bitcoin), commodities, bonds, options, Exchange Traded Funds, and interest rates. In 2012, Spreadex revamped its online trading platform to include advanced features like one-click trading, standard or pairs view, and customizable trading windows. Please note that Spreadex does not offer an Islamic or demo account. It’s important to consider this when choosing a forex broker, especially if you require these specific account types. Spreadex is fully licensed by the Financial Conduct Authority (FCA) in the UK, ensuring that the broker complies with the necessary regulatory requirements. This makes it a reliable choice for traders looking for a regulated Forex company. In conclusion, Spreadex offers a comprehensive Standard account suitable for all traders, with a low minimum deposit requirement and access to a wide range of financial markets. However, the lack of an Islamic or demo account may be a drawback for some traders.

How to Open a Spreadex LIVE Account?

Opening a Spreadex LIVE account is a straightforward process that can be completed online. Here are the steps you need to follow:. Fill in the Online Application Form: Visit the Spreadex website and select the ‘Join’ option. You will be directed to an online application form. Fill in the form with complete and accurate details. This is necessary for Spreadex to carry out fraud and security checks. Await Email Confirmation: After submitting the form, wait for an email confirmation of approval. Depending on the information provided, you could be granted an account straight away. In some circumstances, Spreadex may require further documentary information from you, including photographic ID (such as a copy of your passport or driving licence) and proof of your address (such as a recent utility bill or bank statement). Fund Your Account: Once your account is approved, you can fund it. Money may be added to your account by debit or credit card registered in your name, by direct debit from your bank account, by cheque (payable to Spreadex Ltd and issued on an account in your name), or by Direct Bank Transfer. You can also pay using Barclay’s Pingit. Unfortunately, Spreadex does not accept Skrill or Moneybookers payments. Start Trading: After funding your account, you can start trading the global markets instantly. You can select which currency you would like to trade with when opening your account. You can select from sterling, euros, or US dollars. Please note that Spreadex does not charge you for holding an account. If you would like to close your account, simply send a request by email to info@spreadex.com, or contact them on 01727 895000. Remember, spread betting involves risks. Make sure you understand these risks and are comfortable with them before you start trading.

How to Open a Spreadex DEMO account?

Opening a Spreadex DEMO account is not possible as of December 2023. Spreadex does not offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. However, Spreadex does offer a comprehensive trading platform with a wide range of tradable assets. For those interested in opening a real account with Spreadex, the process is straightforward. Here are the steps:. Fill in the online application form on the Spreadex website. Await email confirmation of approval. Start placing trades. Please note that trading involves risk and it’s important to understand these risks before starting. It’s always recommended to seek advice from a financial advisor if you’re unsure. Spreadex is regulated by the UK’s Financial Conduct Authority (FCA), providing an additional layer of security for its users.

How Are You Protected as a Client at Spreadex?

As a client at Spreadex, you are protected in several ways:. Client Money Protection Spreadex realizes the importance of its customers feeling secure about their investments. Therefore, any money held on your behalf in your spread betting ledger, which includes cash deposited with us, winnings, the valuation of any open bets – even uncleared cheques, will all be held in a segregated bank account in accordance with the FCA client money rules. All funds held on this designated client money account are held by Spreadex as trustee. Unless you agree otherwise with Spreadex, in writing, under no circumstances will Spreadex use any of your own money with its own funds or place such funds with a third party e.g., a broker. Fixed Odds Ledger Under the guidelines of the Gambling Commission, your fixed odds balance will receive "medium protection". This means that customer funds are kept in accounts separate from business accounts, and arrangements have been made to ensure assets in the customer accounts are distributed to customers in the event of insolvency. Your fixed odds wallet funds will be held by Spreadex as trustee in a segregated bank account. Investor Protection Some or all of Spreadex’s clients have access to investor protection. Spreadex operates in a country - or has entities that operate in a country - with an established investor protection scheme in place. Spreadex provides negative balance protection for retail customers. Should the balance on your account go into negative, you will be protected. Regulatory Protection Spreadex is regulated by the FCA, which means that all Spreadex deposits are subject to regulatory protection. This includes measures such as separating client funds from company funds and ensuring that no other debts are paid with client funds. If you are unclear about your client classification or any aspect of the client money rules, do not hesitate to contact Spreadex.

Which Funding methods or Deposit Options are available at Spreadex?

Spreadex, a renowned financial trading platform, offers a variety of funding methods and deposit options for its users. Here are the details:. 1. Debit/Credit Card: You can register a new debit or credit card online or via Spreadex’s tablet or mobile apps. Payments can be made online or over the phone. The cards accepted include Visa, Switch/Maestro, and Mastercard. 2. Easy Bank Transfer: You can choose the amount you’d like to deposit and select the bank from which you’d like the funds to be paid. You’ll then be redirected to your banking app where you’ll be asked to confirm the payment. 3. Apple Pay: Apple Pay is a mobile payment and digital wallet service developed by Apple Inc. It allows users to make secure and convenient payments using their compatible Apple devices. 4. Direct Debit from Your Bank Account: Money may be added to your account by direct debit from your bank account. 5. Cheque: You can also deposit funds by cheque, payable to Spreadex Ltd and issued on an account in your name. 6. Direct Bank Transfer: You can deposit funds via Direct Bank Transfer. You’ll need to make sure that your Spreadex account number is quoted as a reference. There are no minimum deposits and payments are instant for all of the above methods. However, the minimum withdrawal amount is £50 of available funds. The maximum withdrawal amount at one time onto a card is £25,000, apart from Mastercard which is £20,000. It’s also possible to make multiple withdrawals in one day. Please note that all these methods need to be in compliance with the requirements laid down by the Financial Conduct Authority. Also, bear in mind that you can only hold up to 5 debit cards on your account. If you wish to add a new card you may need to remove one of your existing cards. In the context of forex trading, these funding methods provide flexibility and convenience, allowing traders to manage their funds effectively and efficiently. It’s important to choose a deposit method that suits your personal trading needs and preferences. Always remember to trade responsibly and within your financial means. Happy trading!.

What is the Minimum Deposit Amount at Spreadex?

Spreadex, a well-known name in the financial markets, offers a range of deposit options for traders. The standard minimum amount that can be deposited into a Spreadex account is £1. This applies to all of the different deposit methods that are available. However, there is a nuance when it comes to making a deposit with a debit card. Spreadex has a charge of £1 in place whenever a deposit of less than £50 is made with a debit card. This means that if a customer makes a deposit of £20 when using a debit card, it will actually cost them £21, even though £20 is all that will appear in their account. In addition to this, if a customer made a deposit of £49, it would cost £50. Therefore, when using a debit card, it is important to double check the amount you are depositing in order to get the best value possible. It might even be better to make less frequent deposits when using a debit card in order to ensure that you can go above the £50 deposit threshold. Spreadex does not have inactivity charges on their accounts, so it would not result in additional costs to do this, and from an economic perspective, it could lead to savings over time. For example, three £20 deposits over a month would cost £63, but one £60 deposit at the end of the month would cost just £60. It might not seem like a lot, but this equates to a 5% charge which can eat into your profit margins.

Which Withdrawal methods are available at Spreadex?

Spreadex, a UK-based CFD and forex broker, offers a variety of withdrawal methods for its customers. The options include bank transfer and credit/debit cards. It’s important to note that funds can only be withdrawn to accounts that are in the user’s name. The minimum withdrawal amount at Spreadex is £50, which does not take into account money that is being used to support margins on any open trading positions. Therefore, you must have £50 in available funds in order to make a withdrawal. There is also a maximum withdrawal amount of £25,000 for cards, although Mastercard has a lower limit of £2,500. However, there is no limit on the number of withdrawals you can make in a day. To make a withdrawal from your account using the online platform, you need to go to the account tab on the website. Once you have opened this tab, click on the button that says withdraw funds. After this, you will be given a set of on-screen instructions to follow that will allow you to make your withdrawal. If you prefer more traditional methods, Spreadex also allows withdrawals through telephone and email. Customers can also request their withdrawals through bank transfers, cheques or if the initial deposit was made via direct debit, then this can also be used to make a withdrawal. For all of these other methods, there is still a Spreadex minimum withdrawal of £50 in place. Please note that e-wallets are not offered as a withdrawal method at Spreadex due to regulations that require customer identity and funding sources to be verified. In terms of withdrawal times, the process is usually executed within 2 days. However, the fastest method is online bank wire transfer, with withdrawals processed in 1-3 business days. It’s worth mentioning that Spreadex is regulated by the UK’s FCA and is available globally for clients. This ensures that your money is in good hands and you will be able to withdraw your funds without safety concerns.

Which Fees are charged by Spreadex?

Spreadex, a popular trading platform, has a fee structure that is generally considered low. They either don’t charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This makes Spreadex a suitable choice even for those who trade frequently, such as multiple times a week or daily. Here’s a high-level overview of Spreadex’s fees:. S&P 500 CFD: The fees are built into the spread, with 0.6 points being the average spread cost during peak trading hours. Europe 50 CFD: The fees are also built into the spread, with 2 points being the average spread cost during peak trading hours. EURUSD: In the context of forex, the fees for EURUSD are built into the spread, with 0.6 pips being the average spread cost during peak trading hours. It’s important to note that Spreadex does not charge an inactivity fee. This is a significant advantage for traders who may not be able to trade regularly. In comparison to its closest competitors, Trade Nation and FxPro, Spreadex’s trading fees are considered low. This makes it a suitable platform for frequent trading. Please note that while Spreadex’s fees are generally low, it’s always important to understand the fee structure of any trading platform before making a decision. Always consider your trading frequency and the types of trades you intend to make. This will help you choose the platform that offers the most cost-effective solution for your trading needs. Remember, trading involves risk and it’s possible to lose money. Always trade responsibly.

What can I trade with Spreadex?

Spreadex offers a wide range of trading options in the context of forex. Here’s a detailed overview:. Forex Trading with Spreadex. Spreadex provides the opportunity to speculate on over 60 currency pairs. This includes major pairings, minor pairings, Australasian pairings, Scandinavian pairings, and Exotic pairings. Key Features. Low Spreads: Spreadex offers low spreads from 0.6 pts on EUR/USD and 0.9 pts on GBP/USD. Best Execution: Spreadex has been voted by traders for ‘Best for Efficiency of Taking Trades’ in the Investment Trends Awards. Advanced Charting: Spreadex provides advanced and automated technical analysis tools. 24-hour Trading: A majority of the FX pairs can be traded 24 hours a day from Monday to Friday. Forex Trading Guide. Forex (or FX) trading involves the trading of currencies on the forex market. Forex markets don’t have a central exchange and are traded 24-hours a day from Monday to Friday by businesses, banks, and individuals. With spread betting, you are speculating on whether the price will go up or down. You do not own the actual underlying currency. Forex Spread Betting Example. When trading currencies, you will trade a pair of currencies such as GBP/USD. GBP in this case is the base currency and USD is the quote currency. In the case of GBP/USD, you will be trading how many USD each £1 GBP will buy. If you think the base currency will strengthen you will buy, if you think it will weaken you will sell. Please note that forex trading involves significant risk and may not be suitable for all investors. Carefully consider your investment objectives, level of experience, and risk appetite before deciding to participate in the forex market.

Which Trading Platforms are offered by Spreadex?

Spreadex offers a powerful, fully-customisable, fast and reliable proprietary platform. that is available on the web, iPad, iPhone, and Android. This platform allows users to trade spread bets and CFDs from one account. It features a fully customisable screen to organise your trading. The platform provides advanced charting tools with pattern recognition and pro trend lines. These reliable and powerful charting tools are vital for any trader to analyse the markets. Spreadex’s advanced charts include trade via charts, automated pro trend lines and pattern recognition, a wide range of advanced technical indicators, macro-data directly available on the charts, sophisticated drawing tools, extensive price history of over 10 years, and templates that you can create, save, and edit. Spreadex was named the Best for Efficiency of Taking Trades by traders in the Investment Trends UK leveraged Trading Awards. They promise that if the price moves after you click trade, they won’t fill you at a worse level. They will always give you the best price available from their multiple price feeds. The platform features a variety of advanced order tools. These include the ability to go long and short on the same market (Force Open), guaranteed stops, one-click dealing for instant access to the markets, and a Price Tolerance Threshold, so you can get your trades filled in times of extreme market volatility. You can set up Price Alerts on the Spreadex Platform to alert you when your chosen market hits a level specified by you. You can choose to receive these alerts as a text, email, or push message. This feature is completely free and you can enable your alerts by clicking the bell icon next to each market. Spreadex also offers access to an unparalleled trading experience with the help of supercharged charting and analytical tools on the TradingView platform. Some of the benefits include intuitive charts and robust trading technologies, an array of technical indicators right next to advanced screeners, financial reports, and more, research thousands of up-to-date community ideas and scripts, and enjoy comfortable spreads and competitive commissions with your Spreadex broker account. Spreadex also offers Financial Trading Apps for iPhone and Android phones and tablets. However, it’s important to note that Spreadex does not offer a desktop trading platform.

Which Trading Instruments are offered by Spreadex?

Spreadex, a company with over 20 years of experience in the financial trading industry, offers a wide range of trading instruments. Forex: Spreadex provides a platform for trading currency pairs. Forex trading is a popular choice among investors due to the liquidity and volatility of the currency markets. Indices: Spreadex allows trading on various global indices. Indices trading involves speculating on price movements in a group of top shares from a specific region. Commodities: Spreadex offers commodities trading. This includes trading on the price movements of various commodities such as oil, gold, and agricultural products. Stocks and Shares: Spreadex provides access to a wide range of UK and US stocks. Traders can speculate on the price movements of individual company shares. Cryptocurrencies: Spreadex also offers trading on popular cryptocurrencies. Cryptocurrency trading involves speculating on price movements via a CFD trading account. ETFs: Spreadex provides the opportunity to trade on Exchange Traded Funds (ETFs). ETFs are investment funds traded on stock exchanges, much like individual stocks. Bonds and Treasuries: Spreadex offers trading on a variety of bonds and treasuries. These are fixed-income securities that represent a loan made by an investor to a borrower. Options: Spreadex allows trading on options. Options are financial derivatives that give traders the right, but not the obligation, to buy or sell an asset at a predetermined price. CFDs: Spreadex offers Contracts for Difference (CFDs) trading. CFD trading allows you to speculate on rising or falling prices in fast-moving global financial markets. In addition to these instruments, Spreadex also offers advanced charting tools, price alerts, and advanced order tools. The platform allows for both manual and automated trading. Spreadex is authorised and regulated by the Financial Conduct Authority (FCA).

Which Trading Servers are offered by Spreadex?

Spreadex offers a variety of trading platforms that cater to the diverse needs of traders. These platforms are designed to provide a seamless trading experience, whether you’re trading on the go or from the comfort of your home. Spreadex’s Proprietary Platform. : This platform is fully-customisable, fast, and reliable, available on the web, iPad, iPhone, and Android. It allows you to trade spread bets and CFDs from one account. The platform features advanced charting tools with pattern recognition and Pro Trend lines. It also offers advanced orders including Force Opens and Price Alerts by text, push, or email. Advanced Charting. : Spreadex’s advanced charts include trade via charts, automated Pro Trend lines and Pattern Recognition, a wide range of advanced technical indicators, macro-data directly available on the charts, sophisticated drawing tools, extensive price history of over 10 years, and templates that you can create, save, and edit. Order Execution. : Spreadex promises that if the price moves after you click trade, they won’t fill you at a worse level. They always give you the best price available from their multiple price feeds. Advanced Orders. : The platform features a variety of advanced order tools such as going long and short on the same market (Force Open), guaranteed stops, one-click dealing for instant access to the markets, and Price Tolerance Threshold to get your trades filled in times of extreme market volatility. Price Alerts. : You can set up Price Alerts on the Spreadex Platform to alert you when your chosen market hits a level specified by you. You can choose to receive these alerts as a text, email, or push message. TradingView Platform. : This platform offers supercharged charting and analytical tools. Some of the benefits include intuitive charts and robust trading technologies, an array of technical indicators right next to advanced screeners, financial reports, and more. In the context of forex, Spreadex offers the ability to trade on over 60 major, minor, and exotic pairs. They offer tight spreads, for example, you can trade GBP/USD from 0.6pts. They also offer advanced charts with pattern recognition and Pro Trend Lines. Please note that all trading involves risk and losses can exceed deposits. Spreadex is authorised and regulated by the Financial Conduct Authority (FCA).

Can I trade Crypto with Spreadex? Which crypto currencies are supported by Spreadex?

Yes, you can trade cryptocurrencies with Spreadex. Spreadex, a UK FCA regulated company established in 1999, offers cryptocurrency trading. When spread betting on cryptocurrencies with Spreadex, you trade on the underlying value of the currency rather than actually buying the currency itself. The cryptocurrencies supported by Spreadex are:. Bitcoin: You can trade Bitcoin from a 40 point spread. Bitcoin Cash: Bitcoin Cash is also available for trading. Litecoin: Litecoin is another cryptocurrency that you can trade with Spreadex. Ripple: Ripple is included in the range of cryptocurrencies offered by Spreadex. Ether: Ether is also supported by Spreadex. Please note that trading cryptocurrencies can be exceptionally volatile with huge intra-day swings. Therefore, it’s important to stake appropriately. Cryptocurrency trading is only available to Professional Clients. Financial spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

What is the Leverage on my Spreadex Trading Account?

Leverage is a critical aspect of your Spreadex Trading Account, particularly in the context of forex trading. Spreadex is a UK-based CFD and forex broker. It offers a user-friendly web trading platform covering the most commonly used search and order functions. However, it’s important to note that you can’t change leverage levels at Spreadex. This could be seen as a drawback, as being able to change the leverage manually is a very useful feature when you want to lower the risk of your trade. Leverage in forex trading is a process in which an investor borrows money in order to invest in or purchase something. While forex traders are able to borrow significant amounts of capital on initial margin requirements, they can gain even more from successful trades. However, preset leverage levels may be too high. , which increases your potential to gain and lose money in your trades. For professional clients, Spreadex offers low margins. The margin rates for major FX are 0.45%. However, additional protections such as the negative balance protection are waived for Professional Clients. This means that leverage increases your potential to gain and lose money in your trades. In conclusion, while Spreadex provides a platform for forex and CFD trading with competitive fees, the inability to adjust leverage levels could be a potential risk factor. It’s always important to be careful with forex and CFD trading due to the inherent risks associated with high leverage levels.

What kind of Spreads are offered by Spreadex?

Spreadex offers a variety of spreads in the Forex market. Here are some key points:. Variable Spreads: Spreadex offers variable spreads on Forex trading. This means that the spread, which is the difference between the buy and sell price, can change based on market conditions. Major Currency Pairs: Spreadex offers competitive spreads on major currency pairs. For example, you can trade EUR/USD from a 0.6 spread and GBP/USD from a 0.9 spread. Wide Range of Currency Pairs: Spreadex provides a wide range of currency pairs for trading. This includes not only major pairs like EUR/USD and GBP/USD, but also minor and exotic pairs. Trading Hours: Spreadex offers Forex trading for most of the week, typically from Sunday 22:00 to Friday 21:15. Advanced Trading Tools: Spreadex provides advanced trading tools such as pattern recognition and Pro Trend Lines. Please note that Forex trading involves significant risk and it’s possible to lose your invested capital. It’s important to understand the risks involved and consider your level of experience before trading.

Does Spreadex offer MAM Accounts or PAMM Accounts?

Spreadex, a financial trading platform, does not offer MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts. These types of accounts are typically used in the forex trading industry to allow fund managers to manage multiple accounts from a single account without having to create an investment fund. MAM accounts allow professional traders to manage multiple client accounts from a single master account. The master account is controlled by the trader and is linked to several sub-accounts, each owned and controlled by a different individual investor. The funds of the investors are pooled together and managed by the trader. As the trader executes trades in the master account, the same trades are automatically replicated on the individual sub-accounts according to the allocation percentage. PAMM accounts, on the other hand, are a type of investment account offered by some forex brokers, which allows retail investors to allocate their funds to be managed by experienced traders. An investor deposits funds into a PAMM account, which are then pooled together with funds from other investor accounts. The appointed trader or investment manager then makes investment decisions on behalf of the group. Each investor’s share in the account is proportional to the size of their investment, and the profits or losses are distributed accordingly. However, Spreadex focuses on providing profits through trading only. This means that traders on Spreadex are responsible for managing their own accounts and making their own trading decisions. While this may require more involvement than a MAM or PAMM account, it also allows traders to have full control over their trading activities.

Does Spreadex allow Expert Advisors?

Spreadex, a CFD and Forex broker that specializes in mobile trading. , does not allow the use of Expert Advisors. This is a significant disadvantage for certain types of traders, particularly scalpers. Despite this limitation, Spreadex offers a range of features that may be attractive to some traders. For instance, it provides tight spreads, starting from 0.6 pips for EUR/USD. Additionally, it offers a wide range of trading instruments, including currency pairs, CFDs on stocks, indices, commodities, bonds, and ETFs. However, it’s important to note that Spreadex is not suitable for all types of trading. The absence of support for Expert Advisors means that traders who rely on automated trading strategies may find Spreadex’s platform limiting. In particular, scalper traders, who typically rely on high-frequency, short-term trades, would have to open and close orders manually. In conclusion, while Spreadex offers a range of features and a wide selection of trading instruments, its lack of support for Expert Advisors may be a significant drawback for certain types of traders.