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
Good for small capd
Good for small capd
Very good platform but slightly...
Very good platform but slightly simpler in terms of available features when compared to others. Excellent customer service.
Good platform but expensive.
Good platform but expensive.
Good
Good
good service and communications
good service and communications
Terrific range of instruments, fair...
Terrific range of instruments, fair spreads
Much the same as the...
Much the same as the rest.
Good value
Good value
Good for UK small caps....
Good for UK small caps. Has trailing stop losses and automatic email updates on share price movements.
Useful for occasional trades
Useful for occasional trades
good value, helpful customer service
good value, helpful customer service
Ok
Ok
haven't used for a while
haven't used for a while
Easy to use and great...
Easy to use and great support
Old school
Old school
4/5
Pros:
Easy access
Cons:
Reduce fees
5/5
Pros:
Easy to use
Cons:
Can't think of anything
4/5
Pros:
good for sign up bonus
Cons:
continue with better offers for current customers
5/5
4/5
Pros:
Customer service
Cons:
Not sure
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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