61% of retail investor accounts lose money when trading CFDs with this provider
- Good Money Guide experts commend Spreadex Commodities Trading for its efficient trading platform and excellent customer service, highlighting tight spreads on commodities and a wide market access. However, they note the absence of direct market access (DMA) for commodities trading as a limitation.
- Across 272 user reviews on Good Money Guide, averaging 4.3/5, customers frequently praise the platform's reliability, excellent customer support, and competitive pricing. Many users appreciate the swift execution of trades and the user-friendly interface, while some mention the need for improvements in specific features.
Spreadex Commodities 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 Commodities Trading across five key areas of our review framework.
- Pricing4.0
- Market Access3.5
- Online Platform4.0
- Customer Service5.0
- Research & Analysis4.0
Pros
- Excellent customer service
- Tight commodity spreads
- Commodities spread betting
Cons
- No DMA commodities trading
See full expert review
Our verdict
Spreadex lets you trade over 20 commodities including Gold from only 0.4pts as a spread bet or CFD. They were also recently voted by traders for ‘Best for Efficiency of Taking Trades’ in the Investment Trends Awards.
61% of retail investor accounts lose money when trading CFDs with this provider
Summary
- Commodities markets available: 20
- Minimum deposit: £1
- Account types: CFDs, spread betting
- Pricing: Gold 0.3, Oil 0.28
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
5/5
Cons:
Able to trade by coin
5/5
Pros:
Quick and ease of use
Cons:
Less margin required?
5/5
Pros:
Great functionality and UI
Cons:
N/A
4/5
Pros:
ease to use
Cons:
widen range of markets
2/5
Cons:
Increase range of securities and future dates offered.
5/5
Pros:
Easy to use
5/5
Pros:
Simple to use.
Cons:
Be able to transfer funds out of the account much more quickly.
5/5
5/5
Pros:
Easy to use
5/5
Pros:
Simple to use
Cons:
Not sure
1/5
Pros:
Find it very easy to use and useful information at hand
Cons:
Maybe reduce the daily costs a little
1/5
Pros:
None
Cons:
Market manipulation disgusting
5/5
SW @ 03/16/2021 09:39
Good friendly staff who are open with what they can and can't do with their existing liquidity provision. Only positive experiences so far.
TJ @ 03/15/2021 01:40
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.
Greg @ 03/13/2021 08:55
I am happy with SpreadEx so far. App works well too.
Dhillan @ 03/11/2021 10:39
Year on year you get the best service and interaction with all at SpreadEx. Thank you
Rajendra Prasad @ 03/11/2021 09:22
Good trading service and friendly staff are always available for any queries.
Gary Leach @ 03/11/2021 06:31
Great team providing a great service. Consistently amicable and helpful on the phone which sets them apart from other brokers I use.
Excellent service. Great people to work with . @ 03/11/2021 06:37
Excellent service excellent people i enjoy trading with spreadex.
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 the buy and sell price of a commodity (which is often wider than the DMA on exchange price to incorporate commission).
- Expert opinion: Spreadex reviewed & rated
Compare Spreadex to other commodities trading platforms below:
| Commodity Broker | Commodities Available | CFDs | Spreads | Futures | Options | MT4/5 | Customer Rating | More Info |
|---|---|---|---|---|---|---|---|---|
 | 20 | ✔️ | ✔️ | ❌ | ✔️ | ✔️ | (Based on 125 reviews) | See Platform 69% of retail investor accounts lose money |
 | 20 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 21 reviews) | See Platform 74% of retail CFD accounts lose money. |
 | 28 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 110 reviews) | See Platform 73% of retail investor accounts lose money |
 | 22 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 146 reviews) | See Platform 76% of retail investor accounts lose money |
 | 20 | ✔️ | ❌ | ✔️ | ✔️ | ❌ | (Based on 1,375 reviews) | See Platform 59.7% of retail investor accounts lose money |
 | 20 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 272 reviews) | See Platform 61% of retail investor accounts lose money |
 | 35 | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | (Based on 746 reviews) | See Platform 70% of retail investor accounts lose money |
 | 100 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 237 reviews) | See Platform 69% of retail investor accounts lose money |
 | 25 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 137 reviews) | See Platform 62% of retail investor accounts lose money |
 | 43 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 283 reviews) | See Platform 61% of retail investor accounts lose money |
 | 22 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 139 reviews) | See Platform74% of retail investor accounts lose money |
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.
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