Spreadex Customer Reviews
Leave a review and tell us what you think to help others make more informed financial decisions.
Our annual “Stocks In Your Stockings” competition 🎅 is open so any verified review you leave will enter you into the prize draw to win a £500 JISA.
Fair easy app
Good app plenty promotions
Macro awareness
I have got a free Pro Financial Times subscription
excellent online company
100% trusted company…….fast and excellent customer service and payouts…..never 1 issue ever with anything with spreadex…..
Good platform people back up even better
Most platforms work pretty well these days, the same with Spreadex, what set them apart is the speed of answering the phones to trade.
Good platform people back up even better
All platforms work well these days same at Spreadex, what sets them apart is when you need to call.
Utterly dependable
I use Spreadex almost every day, for betting on UK and US stocks. From the initial stock search, to the execution of orders and the fast closure of positions, the system works brilliantly. I have other accounts, but Spreadex is by far the best.
Trusted Operator
I have been using Spreadex Financials since 2007 and happy with the results. Good technical set up and orders/limits/trades executed as expected. Highly recomended.
Most enjoyable
I feel that Spreadex have your interest at heart, yes, even as a betting platform. I hope to have a long journey with them.
Definitely recommend
So easy to process your requirements and great customer service and exciting benefits
Excellent
Brilliant service
Change over to spreadex!
Quick pick up of phone, knowledgeabe, courtious, friendly…I feel very comfortable with this service, even when losing! which is not for very long, ha ha.
Perfect
Excellent company and staff
Very helpful
Always gives good advice and good deals .
best bookmaker by far
worked in the industry for a decade and gambled most of my life and Spreadex are best bookie by far with excellent customer service by people who actually seem to know what they’re doing and when the very rare occasion when the advisor cant help they explain and pass it on to the relevant person who can. site is also easy to use with different sports/markets being easy to find. keep up the good work and wouldnt change a thing
😊
Its real and fast play😊
Can use with trading view
Used SpreadEx for a few years.Good Platform and being able to use with trading view is an added bonus.
Very good free bets
Excellent real value free bets given out and prepared to stand a bet
Excellent availability for small caps
I stick to just small caps positions, and telephone orders in for improved pricing. It works very well, and the dealers are all helpful & efficient.
Very good
Great offers customer service
Great one-stop shop for trading
I’ve used Spreadex for years and they have always been impressed by their customer service. Great tools for traders.
64% of retail investor accounts lose money when trading CFDs with this provider
Spreadex – Good Money Guide’s 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
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.
64% of retail investor accounts lose money when trading CFDs with this provider
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
-
Market Access
-
Online Platform
-
Customer Service
-
Research & Analysis
Overall
4.4Spreadex Ratings Explained
- Pricing: Spreadex is 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 Spreadex 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 Spreadex generates 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 Tesla 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.
Spreadex Platform & 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 example, they have added the ability to overlay Pro Trend Lines. This automatically adds 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.
There is a huge amount of technical indicators for advanced traders, but for beginners, Spreadex has 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.
Spreadex is 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.
Research & 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 At Spreadex
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 Spreadex 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.
64% of retail investor accounts lose money when trading CFDs with this provider
Spreadex Video Demo
64% of retail investor accounts lose money when trading CFDs with this provider
Spreadex Facts & Figures
Spreadex Total Markets | 10000 |
➡️ Forex Pairs | 54 |
➡️ Commodities | 20 |
➡️ Indices | 17 |
➡️ UK Stocks | 1575 |
➡️ US Stocks | 2110 |
➡️ ETFs | 160 |
Spreadex Key Info | |
👉 Number Active Clients | 4000 |
💰 Minimum Deposit | 0 |
❔ Inactivity Fee | 0 |
📅 Founded | 1999 |
⬜ 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 100 | 1 |
➡️ DAX 30 | 1 |
➡️ DJIA | 2.4 |
➡️ NASDAQ | 2 |
➡️S&P 500 | 0.6 |
➡️ EURUSD | 0.6 |
➡️ GBPUSD | 0.9 |
➡️ USDJPY | 0.9 |
➡️ Gold | 0.3 |
➡️ Crude Oil | 0.28 |
➡️ UK Stocks | 0.1% |
➡️ US Stocks | 0.15% (max $3.5) |
64% of retail investor accounts lose money when trading CFDs with this provider
Spreadex wins Best Spread Betting Broker at the Good Money Guide Awards 2024
Spreadex won Best Spread Betting Broker this year because of their consistently excellent customer service, as highlighted in reviews on our site. For a product as unique to the UK as financial spread betting, having a broker you can talk to is crucial, and Spreadex excels in adding value through personalized support. Richard BerryRichard is
Spreadex adds Autochartist trading signals to platform and app
Spreadex has added trading signals to its platform, which provide trading suggestions to users based on chart patterns. The spread betting broker’s new trading signals, provided by third party market scanner Autochartist, give users trade ideas alongside risk management suggestions and take profit levels. Autochartist, founded in 2004, generates pa… To read this article, please
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
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
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
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
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
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
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
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 … To
What does a financial trader do all day? We spoke to Spreadex to find out.
If you want to know what a stock broker does all day, you may be surprised to hear that it’s not as exciting, as it is in the movies. Well, it is sometimes. I started my career as a stock broker and it mainly consists of admin and helping clients by and sell stocks all
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
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 it… To read
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
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
8 new things you may not know you were able to do when trading with Spreadex
If you haven’t read our Spreadex review yet, here are a few new features you may not know you were able to do with the alternative spread betting broker: Get tighter spreads – Spreadex have new variable spreads on FX offer greater value for trading foreign exchange. E.g. trade EUR/USD from a 0.6 spread and
Jonathan Hufford, Spreadex MD, tells us how putting the client first leads to longer term broker relationships
Spreadex has always been regarded as a more gentlemanly broker within the spread betting community. Based just outside London in St Albans, offering one of the largest market coverages for financial trading and still with a trackside presents for traders looking for a punt on the weekends. We wanted to find out exactly how Spreadex
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
Spreadex offers a 50% spread reduction on UK 100 Daily trades all this week
Leading spread betting broker Spreadex has a little treat for customers this week. If you are an existing customer you may well have received an email offering a 50% rebate on UK 100 Daily trades this week. Or FTSE 100 trades if you are not hindered by FTSE trade mark issues. The UK 100 most
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
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
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
Spreadex offering a free copy of Robbie Burn’s latest book ‘Trade Like a Shark’ when you open a new account
Spreadex, one of the leading spread betting brokers and the one generally regarded as having the best customer service has a nice little welcome gift at the moment for new customers. You can get a copy of Robbie Burn’s latest book ‘Trade Like a Shark’ by opening an account and placing just one trade. Robbie Burns
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 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
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com