61% of retail investor accounts lose money when trading CFDs with this provider
- Good Money Guide experts regard Spreadex CFD Trading as a solid choice for traders prioritising customer service, highlighting its competitive pricing and a wide range of markets, including smaller UK shares. However, they note limitations in options trading and a focus solely on trading rather than investing.
- Across 272 user reviews on Good Money Guide, averaging 4.3/5, customers frequently commend the excellent customer service, efficient platform, and competitive pricing. Many users appreciate the clear communication and swift execution of trades, while some mention the platform's reliability and the availability of small cap stocks as significant advantages.
Spreadex CFD Trading Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Spreadex CFD Trading across five key areas of our review framework.
- Pricing4.0
- Market Access4.0
- Online Platform4.0
- Customer Service5.0
- Research & Analysis4.0
Pros
- Excellent customer service
- Smaller cap stock CFD trading
- Wide range of CFD markets
Cons
- Limited options trading
- Trading only, no investing
See full expert review
Our verdict
Spreadex is a CFD broker that has a huge focus on customer services offers trading on a relatively large amount of markets, 10,000 including lots of smaller UK shares. I’ve used them for about 10 years and know some of the staff well.
61% of retail investor accounts lose money when trading CFDs with this provider
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 good CFD broker for traders that want to trade on major and minor shares and put more of a focus on customer service than technology.
Spreadex has been providing trading since 1999, but only recently introduced CFD trading in 2017. The trading platform, whilst quite basic, does represent what Spreadex is good at, which is the major markets and customer service. Being a smaller CFD broker they have a bank of experienced dealers who can work orders for you and provide support for the CFD app and platform.
Recently Spreadex has become much more competently priced, offering UKX CFD trading with 1 pips spreads, 0.6 pips on EURUSD and 0.2% on UK shares. There is no minimum deposit and no inactivity fee.
Customer reviews for Spreadex
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 272 reviews
- Excellent57%
- Very good26%
- Basic10%
- Poor4%
- Bad3%
Read customer reviews
Good
Good
4/5
5/5
Na
Na
check Sporting Index for way...
check Sporting Index for way forward!
Quick reaction when have probs...
Quick reaction when have probs from online support
Good
Good
Puts customer first
Puts customer first
Wider spreads and good range...
Wider spreads and good range of smaller companies but very contactable
No comment
No comment
have always used IG more...
have always used IG more find the platform easy enough to negotiate
Good
Good
generally good, i didnt like...
generally good, i didnt like it when they didnt answer a question about one of their charges as i lost money as a result
Simple and straight forward
Simple and straight forward
Wide range of trading options...
Wide range of trading options across all markets with clear tools and pricing
Good coverage of spreads
Good coverage of spreads
Fit for purpose
Fit for purpose
Top class
Top class
Easy accessible
Easy accessible
No thoughts
No thoughts
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.
