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
3/5
Pros:
The app and ease of use
Cons:
N/A
5/5
4/5
5/5
Pros:
AIM coverage
Cons:
Better charting
4/5
Pros:
Good selection of stocks for trading
Cons:
Nicer interface
2/5
Cons:
Cut borrow charge on sharets
3/5
Pros:
Easy use
Cons:
N/a
4/5
4/5
Pros:
charts
Cons:
-
2/5
Pros:
Spread Betting
5/5
Pros:
Very good charts
4/5
Pros:
Not used much
Cons:
N/A
3/5
Pros:
n/a
Cons:
n/a
2/5
Pros:
Can place spread bets
Cons:
Smaller spreads, stop closing out trades
5/5
2/5
3/5
Cons:
No thoughts
5/5
Pros:
Customer service
Cons:
Better charts
4/5
Pros:
Quick and easy
4/5
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.
