Spreadex Trading Review: Everything from the FTSE to the Footie

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Spreadex offer some of the best personal service for large spread betting and CFD traders and have built a reputation for great tech and trading.
Richard Berry
Richard Berry
Good Money Guide Founder

Spreadex Customer Reviews

4.2
4.2 out of 5 stars (based on 234 reviews)
Excellent53%
Very good28%
Average11%
Poor5%
Terrible3%

Very good

17th June 2024

Very good

Georgina Lowery

Ok

20th June 2024

Ok

Michael Nelson

Very good

17th June 2024

Very good

Georgina Lowery

Good

14th June 2024

Good

Marinos Panayi

4/5

13th June 2024
Matthew Snazell

5/5

13th June 2024
Babis Gakis

Na

12th June 2024

Na

Alun Morris

check Sporting Index for way…

12th June 2024

check Sporting Index for way forward!

Martin Lovedale

Quick reaction when have probs…

12th June 2024

Quick reaction when have probs from online support

Paul Walton

Good

12th June 2024

Good

Russell Martin Cook

Puts customer first

12th June 2024

Puts customer first

Graham Buckingham

Wider spreads and good range…

12th June 2024

Wider spreads and good range of smaller companies but very contactable

Emma Kelly

No comment

12th June 2024

No comment

Gary Towner

have always used IG more…

12th June 2024

have always used IG more find the platform easy enough to negotiate

ashley smyth

Good

12th June 2024

Good

Eric kenelm ford

Simple and straight forward

12th June 2024

Simple and straight forward

Peter Womersley

generally good, i didnt like…

12th June 2024

generally good, i didnt like it when they didnt answer a question about one of their charges as i lost money as a result

robert shelley

Wide range of trading options…

12th June 2024

Wide range of trading options across all markets with clear tools and pricing

Neil Perry

Good coverage of spreads

12th June 2024

Good coverage of spreads

Colin Sills

Fit for purpose

12th June 2024

Fit for purpose

Ian Mackey

Top class

11th June 2024

Top class

Georgina Lowery

Easy accessible

1st June 2024

Easy accessible

Tyneisha Somersall

No thoughts

30th May 2024

No thoughts

Barry Bowerman

Exceptional value, offers and general…

26th May 2024

Exceptional value, offers and general customer service

Bradley Lloyd

No view

26th May 2024

No view

John Baillie

good

24th May 2024

good

vasile rotaru

3/5

24th May 2024
vasile rotaru

Good

24th May 2024

Good

Raymond cahill

Very easy to use

24th May 2024

Very easy to use

David Harrison

Cover a wide range to…

24th May 2024

Cover a wide range to trade and easy to use.

Nigel Johnson

Trusted company

23rd May 2024

Trusted company

Richard Clark

excellect clear concise responsible broker…

23rd May 2024

excellect clear concise responsible broker narrow spreads informed and responsive customer support

magnus lawrie

Very good

23rd May 2024

Very good

Thomas Abraham

5/5

23rd May 2024
Richard Clark

Exciting

23rd May 2024

Exciting

John Coleman

Amazing platform

23rd May 2024

Amazing platform

Bogdan andrei

Easy to use. Quick to…

23rd May 2024

Easy to use. Quick to respond to queries.

Edward Doddy

Great for shorter tax free…

23rd May 2024

Great for shorter tax free “trading”

Robin Jones

Value

23rd May 2024

Value

Margaret McErlean

Good platform

23rd May 2024

Good platform

Imran Kalasamudram

5/5

22nd May 2024
Steve Williams

EASY

22nd May 2024

EASY

Andrew Morrison

Can never trade the small…

22nd May 2024

Can never trade the small caps i want to …when l want

Dr Christopher HOLMES

Good for small capd

22nd May 2024

Good for small capd

Quentin Allan Currie

Very good platform but slightly…

22nd May 2024

Very good platform but slightly simpler in terms of available features when compared to others. Excellent customer service.

Simon Burt

Good platform but expensive.

22nd May 2024

Good platform but expensive.

David Brunsdon

Good

22nd May 2024

Good

Fdererick Mark Tughan

good service and communications

22nd May 2024

good service and communications

Chris Spencer-Phillips

Terrific range of instruments, fair…

22nd May 2024

Terrific range of instruments, fair spreads

Allan Forbes

Much the same as the…

22nd May 2024

Much the same as the rest.

Elric Langton

Good value

22nd May 2024

Good value

Adrian Kelly

Good for UK small caps….

22nd May 2024

Good for UK small caps. Has trailing stop losses and automatic email updates on share price movements.

Ross S.

Useful for occasional trades

22nd May 2024

Useful for occasional trades

Ian O’Neill

good value, helpful customer service

22nd May 2024

good value, helpful customer service

David Gunson

Ok

22nd May 2024

Ok

David Whitehouse

haven’t used for a while

16th May 2024

haven’t used for a while

Clive Lambert

Easy to use and great…

16th May 2024

Easy to use and great support

Grant Mack

Old school

15th May 2024

Old school

Gary

4/5

28th February 2023

Pros:

Easy access

Cons:

Reduce fees

GMG Awards Voter: [118255046942]

5/5

25th February 2023

Pros:

Easy to use

Cons:

Can’t think of anything

GMG Awards Voter: [118252906029]

4/5

25th February 2023

Pros:

good for sign up bonus

Cons:

continue with better offers for current customers

GMG Awards Voter: [118252842875]

5/5

24th February 2023
GMG Awards Voter: [118252391061]

4/5

24th February 2023

Pros:

Customer service

Cons:

Not sure

GMG Awards Voter: [118252373825]

3/5

24th February 2023

Pros:

None

Cons:

No opinion

GMG Awards Voter: [118252366191]

3/5

24th February 2023

Pros:

N/A

GMG Awards Voter: [118252131380]

4/5

24th February 2023

Pros:

Small cap dealing

Cons:

I am pretty satisfied with this service

GMG Awards Voter: [118252087171]

3/5

24th February 2023

Pros:

Ease of use and speed of execution

Cons:

Can’t think of anything

GMG Awards Voter: [118252046210]

4/5

24th February 2023

Pros:

Shorting

Cons:

Lower spreads on large cap companies

GMG Awards Voter: [118252021943]

5/5

24th February 2023

Pros:

Easy to use

Cons:

Include crypto

GMG Awards Voter: [118251982063]

3/5

24th February 2023

Pros:

Also does gambling

GMG Awards Voter: [118251978851]

4/5

24th February 2023
GMG Awards Voter: [118251963534]

3/5

24th February 2023

Pros:

n/a

Cons:

GMG Awards Voter: [118251949559]

5/5

24th February 2023
GMG Awards Voter: [118251937064]

5/5

24th February 2023

Pros:

intuitive layout

GMG Awards Voter: [118251901458]

3/5

24th February 2023

Pros:

No View

Cons:

No View

GMG Awards Voter: [118251885558]

5/5

24th February 2023

Pros:

Wide range of stock trades available, prompt settlement

Cons:

Making trading in some other markets easier such as Canada

GMG Awards Voter: [118251883865]

4/5

24th February 2023

Pros:

Ease of use

GMG Awards Voter: [118251873536]

3/5

24th February 2023

Pros:

meh

GMG Awards Voter: [118251873152]

2/5

22nd February 2023

Pros:

Bad

Cons:

Bad execution using a form to fill in slowno good for scelpin

GMG Awards Voter: [118250052503]

5/5

22nd February 2023
GMG Awards Voter: [118249767711]

5/5

19th February 2023

Pros:

easy useage

GMG Awards Voter: [118247888594]

5/5

19th February 2023

Pros:

Number of instruments to trade in

Cons:

Nothing

GMG Awards Voter: [118247736459]

5/5

18th February 2023
GMG Awards Voter: [118247313173]

3/5

17th February 2023

Pros:

The app and ease of use

Cons:

N/A

GMG Awards Voter: [118246921430]

5/5

16th February 2023
GMG Awards Voter: [118245554807]

4/5

16th February 2023
GMG Awards Voter: [118245501126]

5/5

15th February 2023

Pros:

AIM coverage

Cons:

Better charting

GMG Awards Voter: [118245170337]

4/5

15th February 2023

Pros:

Good selection of stocks for trading

Cons:

Nicer interface

GMG Awards Voter: [118244955938]

2/5

15th February 2023

Cons:

Cut borrow charge on sharets

GMG Awards Voter: [118244911400]

3/5

15th February 2023

Pros:

Easy use

Cons:

N/a

GMG Awards Voter: [118244878930]

4/5

15th February 2023
GMG Awards Voter: [118244870638]

4/5

15th February 2023

Pros:

charts

Cons:

GMG Awards Voter: [118244857147]

2/5

15th February 2023

Pros:

Spread Betting

GMG Awards Voter: [118244829216]

5/5

15th February 2023

Pros:

Very good charts

GMG Awards Voter: [118244757599]

4/5

15th February 2023

Pros:

Not used much

Cons:

N/A

GMG Awards Voter: [118244743005]

3/5

15th February 2023

Pros:

n/a

Cons:

n/a

GMG Awards Voter: [118244708621]

2/5

15th February 2023

Pros:

Can place spread bets

Cons:

Smaller spreads, stop closing out trades

GMG Awards Voter: [118244673622]

5/5

15th February 2023
GMG Awards Voter: [118244642354]

2/5

15th February 2023
GMG Awards Voter: [118244636683]

3/5

15th February 2023

Cons:

No thoughts

GMG Awards Voter: [118244632974]

5/5

15th February 2023

Pros:

Customer service

Cons:

Better charts

GMG Awards Voter: [118244631800]

4/5

15th February 2023

Pros:

Quick and easy

GMG Awards Voter: [118244629275]

4/5

15th February 2023
GMG Awards Voter: [118244626414]

5/5

15th February 2023
GMG Awards Voter: [118244603758]

4/5

15th February 2023

Pros:

Cons:

GMG Awards Voter: [118244601955]

4/5

15th February 2023

Pros:

range of assets

Cons:

charting

GMG Awards Voter: [118244592251]

4/5

15th February 2023
GMG Awards Voter: [118244549444]

4/5

15th February 2023
GMG Awards Voter: [118244546028]

4/5

15th February 2023

Pros:

easy to use

GMG Awards Voter: [118244541578]

4/5

15th February 2023

Pros:

Good App

GMG Awards Voter: [118244540972]

4/5

14th February 2023

Pros:

Helpfull

Cons:

Nothing

GMG Awards Voter: [118243794838]

5/5

9th February 2023

Pros:

Na

Cons:

GMG Awards Voter: [118240101736]

5/5

4th February 2023

Pros:

charts

Cons:

same

GMG Awards Voter: [118236462981]

2/5

26th January 2023

Pros:

happy to have the a/c but seldom use it.

Cons:

no view

GMG Awards Voter: [118229179238]

4/5

20th January 2023
GMG Awards Voter: [118224329482]

5/5

20th January 2023

Pros:

Very efficient

Cons:

No comment

GMG Awards Voter: [118224011241]

5/5

20th January 2023

Pros:

Customer service

Cons:

Make spread betting live on tradingview

GMG Awards Voter: [118223966695]

4/5

19th January 2023

Cons:

As above

GMG Awards Voter: [118223659377]

5/5

19th January 2023

Pros:

They allow me a little leeway occasionally !

Cons:

Nothing comes to mind

GMG Awards Voter: [118223528877]

5/5

19th January 2023

Pros:

Ease of use

GMG Awards Voter: [118223487198]

5/5

19th January 2023

Pros:

Ease of use and trading options available

GMG Awards Voter: [118223310583]

5/5

19th January 2023

Pros:

Ability to go short

Cons:

Ability to trade options

GMG Awards Voter: [118223267539]

5/5

19th January 2023
GMG Awards Voter: [118223264945]

5/5

19th January 2023
GMG Awards Voter: [118223260412]

5/5

19th January 2023

Pros:

Easy to use

GMG Awards Voter: [118223243348]

5/5

19th January 2023

Pros:

its platform which is extremely reliable and easy to operate

Cons:

nothing. very happy with service

GMG Awards Voter: [118223242743]

5/5

19th January 2023

Pros:

Customer Service

GMG Awards Voter: [118223184056]

1/5

17th January 2023

Pros:

no thoughts

Cons:

no thoughts

GMG Awards Voter: [118221245399]

4/5

16th January 2023

Pros:

Sports and finance

Cons:

Better trading platform

GMG Awards Voter: [118220443298]

5/5

19th March 2022

Pros:

Spread bet small cap options

Cons:

Sometimes IÔÇÖve double bought something by mistake

GMG Awards Voter: [13408334122]

5/5

28th February 2022
GMG Awards Voter: [13362465036]

4/5

30th January 2022

Pros:

ease

Cons:

none

GMG Awards Voter: [13295584004]

5/5

30th January 2022

Pros:

Ease of use

Cons:

Screen within screen would be good

GMG Awards Voter: [13295236739]

5/5

29th January 2022

Cons:

Better charting

GMG Awards Voter: [13294531032]

5/5

28th January 2022

Pros:

Very clear

Cons:

More charts

GMG Awards Voter: [13293611272]

5/5

28th January 2022

Pros:

Easy to use portal

Cons:

Lower charging structure

GMG Awards Voter: [13292945955]

4/5

28th January 2022

Pros:

Making it clear that money is at risk

Cons:

Quite happy

GMG Awards Voter: [13291797178]

5/5

27th January 2022

Pros:

Ability to trade small amounts

Cons:

Improve there margins

GMG Awards Voter: [13290486423]

5/5

27th January 2022

Pros:

Quick execution, everything is clear like black n white

GMG Awards Voter: [13290387640]

5/5

27th January 2022

Pros:

user friendly

GMG Awards Voter: [13290224003]

5/5

27th January 2022

Pros:

No immediate margin call.

Cons:

tighter spreads

GMG Awards Voter: [13290218000]

1/5

27th January 2022
GMG Awards Voter: [13290098254]

5/5

27th January 2022

Pros:

general usage

Cons:

nothing

GMG Awards Voter: [13289982759]

5/5

27th January 2022

Cons:

Able to trade by coin

GMG Awards Voter: [13289942706]

5/5

27th January 2022

Pros:

Quick and ease of use

Cons:

Less margin required?

GMG Awards Voter: [13289883734]

5/5

27th January 2022

Pros:

Great functionality and UI

Cons:

N/A

GMG Awards Voter: [13289674542]

4/5

27th January 2022

Pros:

ease to use

Cons:

widen range of markets

GMG Awards Voter: [13289600565]

2/5

27th January 2022

Cons:

Increase range of securities and future dates offered.

GMG Awards Voter: [13289562144]

5/5

27th January 2022

Pros:

Easy to use

GMG Awards Voter: [13289554770]

5/5

27th January 2022

Pros:

Simple to use.

Cons:

Be able to transfer funds out of the account much more quickly.

GMG Awards Voter: [13289531163]

5/5

27th January 2022
GMG Awards Voter: [13289516246]

5/5

27th January 2022

Pros:

Easy to use

GMG Awards Voter: [13289508103]

5/5

27th January 2022

Pros:

Simple to use

Cons:

Not sure

GMG Awards Voter: [13289492016]

1/5

27th January 2022

Pros:

Find it very easy to use and useful information at hand

Cons:

Maybe reduce the daily costs a little

GMG Awards Voter: [13289480432]

1/5

27th January 2022

Pros:

None

Cons:

Market manipulation disgusting

GMG Awards Voter: [13289469187]

5/5

27th January 2022
GMG Awards Voter: [13289462401]

SW @ 03/16/2021 09:39

16th March 2021

Good friendly staff who are open with what they can and can’t do with their existing liquidity provision. Only positive experiences so far.

SW

TJ @ 03/15/2021 01:40

15th March 2021

Sadly, the service offered by SpreadEX has deteriorated rapidly over the last year. I am now moving my existing positions over to another spread bet provider. I am only closing my SpreadEX positions and I am not opening any new positions. The markets offered have decreased and SpreadEX has made a recent business decision to not offer future quarterly markets until near the rollover date, whereas previously they offered these markets several weeks before rollover. They have also increased the minimum stake for some markets meaning some bets are now too risky and any losses may be too great. Finally, the SpreadEX platform is now old and I have noticed that during busy periods, it can take 30 seconds or more for a trade to be completed, allowing some trades to be cancelled. My advice is to avoid SpreadEX and choose another provider.

TJ

Greg @ 03/13/2021 08:55

14th March 2021

I am happy with SpreadEx so far. App works well too.

Greg

Dhillan @ 03/11/2021 10:39

12th March 2021

Year on year you get the best service and interaction with all at SpreadEx. Thank you

Dhillan

Rajendra Prasad @ 03/11/2021 09:22

12th March 2021

Good trading service and friendly staff are always available for any queries.

Rajendra Prasad

Gary Leach @ 03/11/2021 06:31

11th March 2021

Great team providing a great service. Consistently amicable and helpful on the phone which sets them apart from other brokers I use.

Gary Leach

Excellent service. Great people to work with . @ 03/11/2021 06:37

11th March 2021

Excellent service excellent people i enjoy trading with spreadex.

Excellent service. Great people to work with .

william priddle @ 03/11/2021 03:58

11th March 2021

Excellent! No fuss-everything just works and they are always swift to answer the phone if there is any difficulty.

william priddle

Si @ 03/03/2021 04:32

4th March 2021

Not impressed. WonÔÇÖt take orders or dealings with no explanation

Si

Richard Abel @ 02/26/2021 09:16

26th February 2021

By far the best financial institution that I have ever used. Very very helpful staff that really care about your investments and positions. Never had to wait for more than 2 or 3 rings to get through to the dealing desks, while other organisations I use like HL and IG think a 45 min wait is acceptable, not Spreadex. Charlie and Andrew are great guys to deal with.

Richard Abel

Paul @ 02/25/2021 09:19

25th February 2021

Good reliable service.

Paul

Peter H @ 02/25/2021 01:42

25th February 2021

My preferred SB platform. App works well on phone and tablet, online chat and customer service is good and responsive. A happy customer.

Peter H

Ravi Nadar @ 02/19/2021 04:17

19th February 2021

Great customer service. Price competitive. However some markets disappear without notice. So itÔÇÖs difficult to plan ahead.

Ravi Nadar

Amit @ 02/18/2021 10:05

19th February 2021

Service is good and website & mobile App are easy to use. The one problem is they are not competitive on the particular markets I trade (high daily funding charges and wide spreads).

Amit

bob edwards @ 02/18/2021 05:49

18th February 2021

always been good up to now , but i now find most small caps and aim stocks no longer available ,inc some ftse 250 stocks, but no one said anything about this. a lack of communication.

bob edwards

Paul Scott @ 02/18/2021 05:23

18th February 2021

Spreadex have always been highly supportive and flexible when needed, over many years. Their support enabled me to get back on my feet after disasters in 2008-9. I put nearly all my business through them to this day. Great people.

Paul Scott

Richard Green @ 02/18/2021 12:04

18th February 2021

Never had any complaints about Spreadex. They offer a highly efficient service and I’ve never felt ripped off. Can’t say that about all spread betting companies!

Richard Green

5/5

22nd July 2020
GMG Awards Voter: [11818175359]

4/5

21st July 2020
GMG Awards Voter: [11813325089]

5/5

19th July 2020
GMG Awards Voter: [11807385531]

5/5

17th July 2020
GMG Awards Voter: [11802048260]

5/5

16th July 2020
GMG Awards Voter: [11797918417]

5/5

15th July 2020
GMG Awards Voter: [11795368989]

5/5

15th July 2020
GMG Awards Voter: [11795029200]

5/5

15th July 2020
GMG Awards Voter: [11792861769]

3/5

15th July 2020
GMG Awards Voter: [11792731379]

4/5

15th July 2020
GMG Awards Voter: [11792703060]

5/5

14th July 2020
GMG Awards Voter: [11791638464]

4/5

14th July 2020
GMG Awards Voter: [11791279696]

5/5

14th July 2020
GMG Awards Voter: [11790702355]

5/5

14th July 2020
GMG Awards Voter: [11790131879]

3/5

14th July 2020
GMG Awards Voter: [11790113117]

3/5

14th July 2020
GMG Awards Voter: [11790113125]

4/5

14th July 2020
GMG Awards Voter: [11789865609]

5/5

14th July 2020
GMG Awards Voter: [11789825063]

5/5

14th July 2020
GMG Awards Voter: [11789778484]

5/5

14th July 2020
GMG Awards Voter: [11789757127]

5/5

14th July 2020
GMG Awards Voter: [11789742196]

5/5

14th July 2020
GMG Awards Voter: [11789717771]

4/5

14th July 2020
GMG Awards Voter: [11789714186]

4/5

14th July 2020
GMG Awards Voter: [11789693480]

4/5

14th July 2020
GMG Awards Voter: [11789640061]

5/5

14th July 2020
GMG Awards Voter: [11789635244]

5/5

14th July 2020
GMG Awards Voter: [11789571344]

4/5

14th July 2020
GMG Awards Voter: [11789513861]

Leave a review

  • Tell us what you think of this company and help others make more informed financial decisions.

64% of retail investor accounts lose money when trading CFDs with this provider

Spreadex Expert Review

I’ve been using Spreadex now for at least 20 years now. I’ve worked with them professionally and know them socially. So in my updated 2024 review of Spreadex, I’m going to highlight what sort of broker they are and what type of traders will get the most from their trading platform and service.

Spreadex Review
Good Money Guide Recommended 2024

Name: Spreadex

Description: Spreadex is a financial spread betting broker that has been in operation since 1999. It was founded by ex-city trader Jonathan Hufford and unlike many of its peers, it is not based in London, but instead is headquartered in St Albans Hertfordshire. Spreadex offers both financial spread betting and CFD trading from the same account. The company has some 60,000 account holders and offers access to more than 10,000 financial instruments, including UK small-cap shares, where it is something of a specialist.

Is Spreadex a good broker?

Spreadex is one of the most established spread betting brokers. They focus on providing excellent customer service through experienced dealers and a trading platform built from scratch in-house. A good choice for those that like to spread bet.

Pros

  • Spread betting & CFDs
  • Smaller cap stock trading
  • Great customer service

Cons

  • Not publically listed
  • Pricing
    (4.5)
  • Market Access
    (4.5)
  • Online Platform
    (4)
  • Customer Service
    (5)
  • Research & Analysis
    (4)
Overall
4.4

Ratings Explained

  • Pricing: Super competitive and not afraid to undercut the competition.
  • Market Access: Excellent, lots of access to exotic derivatives and smaller cap stocks.
  • Platform & Apps: All developed in house and quick to add new features.
  • Customer Service: Personal service is what sets Spreadex apart from other brokers.
  • Research & Analysis: A good mix of technical indicators on the platform and daily briefings from the financial dealing desk.

There are two types of broker in the derivatives world, those who spot a gap in the market and try to exploit it, and those that are in it for the love of the business. With my broker’s hat on, and in my expert opinion, they are the latter. You can tell by the quality and turnover of their staff, the fact that they generate the majority of their business from referrals rather than a massive digital market budget and the longevity of their service, that if you are going to trade, they are a broker worth putting your business through.

Market access

First off, what can you trade? Spreadex started off offering financial spread betting, which (as I hope you’ll know if you are reading this review) is a tax-free way to trade the financial markets. Trades are structured as bets so you don’t have to pay capital gains tax on your profits. However, as the appeal of trading with a UK-based broker (for regulatory and financial security purposes) has increased, Spreadex introduced CFD trading for non-UK residents a few years ago.

You can trade over 10,000 markets with Spreadex, so, if you are more adventurous than most who just seem to want to tap away on Tesle and Netflix these days, they also have a huge range of smaller-cap shares to trade. A lot of brokers don’t offer these, as the majority of clients stick to the top ten traded instruments and tend to add markets when clients request them. However, going back to my point earlier about service, Spreadex has a huge range of markets available to trade, before you need them, not after you ask for them.

They also have a very good range of indices, with access to Asian and European markets, as well as the major UK and US markets. Options trading is fairly limited, you can only trade on the FTSE 100 (UK100) and DAX 40 (German 40), but you can write options (go short) with Spreadex, whereas some brokers only allow you to buy options.

You can trade the usual commodities, currencies, bonds and fixed-income markets (I don’t know why I still find the phrase Bund, Bobl and Shatz funny when looking at treasuries watchlists after all these years). If you want to have a punt on themes rather than individual assets Spreadex has a wide range of ETFs for placing sector bets on things like Healthcare, Cannabis, CyberSecurity and so on so you don’t have to buy a load of individual shares. However, most of the ETFs are US based, there are not that many UK or European ETFs which can be traded in the morning without having to wait for the Americans to get out of bed. There are also a few ETFs, that track markets like Saudia Arabia (where an outright index isn’t always available).

Spreadex Pricing, Charges & Fees

There isn’t much to say about pricing when it comes to reviewing decent brokers these days because they are all about the same, and that is to say, very competitive. Spreadex earns money by widening the spread from the bid/offer price and including commission in that. For UK stocks, this is 0.1%, so for example, if you buy 10,000 Lloyds shares with Spreadex, the spread will be 49.21/49.33 instead of 49.26/49.28. So £10,000 worth of Lloyds would cost you £4,933 instead of £4,928. So a £5k trade will cost you £5, a £10k trade will cost you £10, a £100,000 trade will cost you £100, and so.

With US stocks Spreadex have also recently capped the spread on larger stocks at $3.5 to make trading the US market cheaper. For example, they mark up spreads by 0.15% for stocks like Tesla, but the spread is capped at 3.5. So, if Tesla shares are $16922.5 offered, then if they were marked up by 0.15% the Spreadex offer price would be $16948 (rounded). But because spreads are capped at $3.5, you would buy at $16926. So if you are trading at £1 per point as a spread bet that is a saving of £22 on roughly a £17k trade versus a broker who charges the same but hasn’t capped their spreads.

If you are holding positions in the slightly longer term Spreadex charge 3% over under SONIA, which is not quite the cheapest, but still very low compared to other brokers like eToro for example, that charges 6.4% over/under SONIA. To put that in perspective, if you have £10,000 exposure with eToro with SONIA at 4% for a year, it would cost you £1,400 in overnight funding, but with Spreadex only £650.

For the major FX, commodity, and index markets, Spreadex are pretty much inline with everyone else.

Platform and apps

Way back when I first opened my account, I remember being sent a VHS video of a very charming curly-haired man standing on Primrose Hill (I think) with the City as a backdrop explaining the pros and cons of spread betting. But Spreadex has come a long way from just providing voice brokerage to having one of the best trading platforms out there.

One thing I particularly like about the Spreadex trading platform is that it has been built and innovated inhouse. For exmaple, they have added the ability to overlay Pro Trend Lines, which automatically, add support and resistance levels, which takes a bit of the guesswork out of potential entry and exit points. You can also, overlay the VWAP, a price point, particularly useful, as it’s what hedge funds use for working daily orders that are well above the normal market size.

A nice feature of the Spreadex app is that you can change the columns from just change, to monthly and yearly high and low. Plus, should you, for some reason, want to do technical analysis on your phone instead of a proper computer, you can add indicators, free draw and overlay indicators like Fibonacci ranges whilst out and about.

Spreadex Mobile App

There is a huge amount of technical indicators for advanced traders, but for beginners, they have all the usual range of risk management tools like stops, guaranteed stops (which protect you if the market gaps), trailing stops (so you can lock in profits the more profitable a position gets) and price alerts. More relevantly, though, if you are a beginner, and you don’t understand something, instead of having to wade through a quagmire of online educational resources, you can pick up the phone and ask for something to be explained.

It’s really a very good all-round trading platform that can cater for large customers as well as beginners. It’s simple, and modular so you can create your own desktop environment (if you’re trading on multiple screens). Plus, along with the rest of the world, Spreadex is now integrated with TradingView.

Spreadex Multi Screen

Research and analysis

There is also enough news flow to keep you informed and up-to-date with market news without getting overloaded. Through the app and web platform, you get access to the economic calendar of market-moving events, news filtered by product from Thomson Reuters, and trading updates from Spreadex dealers, highlighting the day’s key factors, and what traders should be aware of.

Customer service

One thing that has driven me mad over the past few years is that trading platforms seem to have become massively self-serving. In that, they are only interested in getting more customers, and onboarding traders, so that they can say they have seen massive growth and a race to the bottom for pricing. What this means, of course, is that there is too much emphasis on the platform and not enough on the client. For example, if you try and phone up most brokers, you can’t actually get through to anyone to ask a simple question from someone who knows what they are talking about. But, when writing this review, I needed clarification on a couple of points. First I used the chat box on the trading platform and got through to someone almost immediately, without even a whiff of an automated chatbot. Then, when I phoned the dealing desk for something else, the phone was picked by one of their dealers, who was very helpful and sent all the info I needed via email a few minutes later. For retail traders, you don’t really get that anywhere else.

64% of retail investor accounts lose money when trading CFDs with this provider

Spreadex Awards

Spreadex have always done very well in our awards, they most recently won “best customer service” in our 2023 awards and have previously won “best spread betting broker” in 2019.

YouTube video

64% of retail investor accounts lose money when trading CFDs with this provider

Spreadex Video Demo

YouTube video

64% of retail investor accounts lose money when trading CFDs with this provider

Spreadex Facts & Figures

Spreadex Total Markets
10000
➡️ Forex Pairs54
➡️ Commodities20
➡️ Indices17
➡️ UK Stocks1575
➡️ US Stocks2110
➡️ ETFs160
Spreadex Key Info
👉 Number Active Clients4000
💰 Minimum Deposit0
❔ Inactivity Fee0
📅 Founded1999
⬜ Public Company
Spreadex Account Types
➡️ CFD Trading✔️
➡️ Forex Trading✔️
➡️ Spread Betting✔️
➡️ DMA (Direct Market Access)
➡️ Futures Trading
➡️ Options Trading✔️
➡️ Investing Account
Spreadex Average Fees
➡️ FTSE 1001
➡️ DAX 301
➡️ DJIA2.4
➡️ NASDAQ2
➡️S&P 5000.6
➡️ EURUSD0.6
➡️ GBPUSD0.9
➡️ USDJPY0.9
➡️ Gold0.3
➡️ Crude Oil0.28
➡️ UK Stocks0.1%
➡️ US Stocks0.15% (max $3.5)

64% of retail investor accounts lose money when trading CFDs with this provider

Forex Brokers

Is Spreadex good for forex trading?

Yes, we rate Spreadex as particularly good for forex spread betting, which is a form of trading where you do not have to pay capital gains tax on your profits. Spreadex focuses on tax-efficient forex spread betting but has recently added the ability for traders outside of the UK to use their platform by trading

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Spreadex’s Trading App

Is Spreadex’s trading app any good?

Yes, the Spreadex trading app is suitable for high-volume traders and for those who want access to a broad range of markets on mobile. The Spreadex trading app, as with the main trading platform, offers some of the best customer service and is suited to traders who just require a click-and-trade app and won’t be

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Spreadex Trading Review

What is financial spread betting on Spreadex?

Spreadex offers two types of spread betting. Financial spread betting, which is betting on the financial markets and sports spread betting, which is buying and selling an outcome in sports. Spreadex is one of the last spread betting brokers to offer a mixture of financial and sports spread betting, for those who want to trade

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Spreadex Trading Review

Does Spreadex have a demo trading account?

No, rather frustratingly Spreadex does not offer a demo account of its trading platform. However, if you want to test their platform, and get an idea of functionality you can open a live account without having to deposit funds. This will give you access to the Spreadex live trading platform so you can get an

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Spreadex’s Trading Platform

Is Spreadex’s trading platform any good?

Yes, we rate Spreadex’s trading platform as great for experienced traders, plus they have an excellent bank of dealers for phone trading. Yes, Spreadex is one of the most established online trading platforms and excels in providing personal service to a high-value customer base. I’ve been using them for nearly twenty years now and when I tested

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Options Brokers

Can you trade options on Spreadex?

Can you trade options on Spreadex? Yes, you can trade options with Spreadex, but you are limited to only a few indices. If you want to trade options as a spread bet, then you are much better off with IG. Or if you are a more sophisticated trader, Saxo and Interactive Brokers offer DMA on

Read More »
Spreadex Trading

Is it better to CFDs with Spreadex or spread bet?

I would say if you are in the UK it is better to spread bet with Spreadex rather than to trade CFDs. Pricing and market access is exactly the same and the only reason Spreadex started offering CFDs in 2017 was so that they could offer financial trading to non-UK customers. Overall Spreadex is a

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Spreadex Trading

Is Spreadex good for indices?

Yes, indices are the most popular asset class with Spreadex’s predominantly UK-based clients as opposed to other brokers like Pepperstone where forex is more popular for international clients. Recently Reduced Index Trading Spreads CFD and spread betting broker Spreadex has trimmed the spread on its US 100 tech index contract which closely follows the performance

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Spreadex Trading Review

Does Spreadex offer commodity spread trading?

You can trade commodities as a spread bet or CFD with Spreadex, but you cannot trade futures spreads. The difference between the spread in commodities trading for futures is that it’s the difference in price between the front and forward months. Where as, in spread bets and CFDs the spread refers to the difference between

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Spreadex TradingView

Spreadex offers its clients a new TradingView

Spreadex the St Albans-based Spread Betting and CFD broker has given its customers an early Christmas present. Spreadex adds TradingView trading Spreadex has entered a partnership with one of the world’s biggest charting and social trading platforms, TradingView. Established in 2011 TradingView now has more than 30 million users globally who use its state-of-the-art charting

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Jonathan Hufford the founder of Spreadex steps down

News breaks this morning from the Hertfordshire headquarters of spread betting broker Spreadex, that the company’s founder and long-term MD Jonathan Hufford has stepped down from his position, though he will remain a director and board member at the business, in a non-executive capacity. Read our full review of Spreadex here How has Spreadex traded

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Spreadex sponsors Fulham F.C.

Spread betting broker Spreadex has become Fulham F.C.’s principal partner over the next two seasons and engage in a number of fan and community initiatives. Fans at Craven Cottage will be getting used to the Spreadex logo as the Championship promotion contenders have signed the firm up on a two year deal. The deal, which

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Spreadex wins best spread betting broker at EGR Awards

Spreadex, one of the oldest spread betting brokers in the business has won spread betting operator of the year at the EGR Awards 2017. Spreadex fit nicely into EGR’s (who mainly cover gambling companies) coverage because they are the only financial spread betting broker to offer sports spread betting. Which is basically the same as

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Spreadex stops auto closing on daily spread bets

Thankfully Spreadex has stopped daily spread bets closing out automatically at the end of the day. Since spread betting began way back when brokers would offer daily spread bets, that expired at the end of the trading day, but in reality most clients would opt to have them roll over each day. This is good

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Financial Spread Betting

Spreadex improve their charting package & reduces slippage

Spreadex, one of the leading spread betting brokers has improved it’s charting package. It’s been a long time coming as the Spreadex trading platform doesn’t go in for lots of flashing lights, dark brooding backgrounds or fancy dials. Instead they focus on clear and concise information displayed in an easy to digest format. The new charts are

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Spreadex now one of the fastest growing European companies

Spreadex, one of the best spread betting brokers in the UK is one of 78 based in (and around) London to make it onto the FT’s list of fastest 1,000 European companies. Spreadex founded in 1998 was ranked 943 out of 1,000 on the FT’s list published on May 17th 2017 with key stats of: Revenue

Read More »

Spreadex FAQs

Spreadex is a financial and sports bookmaker for UK clients and also offers contracts for difference for European traders (who are not eligible for capital gains tax breaks from financial spread betting).

For large amounts, you can request funds to be sent back to your account from Spreadex the same day. But, for smaller transactions, it can take between 1 hour and 3 days to receive funds. This depends on your bank, and how complete your AML documents are.

Spreadex is owned by Spreadex Limited which is a private company registered in the UK incorporated in 1999 company number 03720378. The owners of Spreadex Limited share a dividend of over £12m according to their 2023 accounts.

Spreadex offers financial spread betting which works by letting you place bets on the movement of financial markets. Instead of buying a certain amount of shares in a company, you bet an amount (either in pounds or pence) per point a share price moves.

Yes, Spreadex is a legit and safe trading platform as they are regulated by the FCA and are well established and well respected within the brokerage industry. Spreadex also ranks very highly in our awards for customer service and support.

64% of retail investor accounts lose money when trading CFDs with this provider

72% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
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