61% of retail investor accounts lose money when trading CFDs with this provider
- Experts commend Spreadex Financial Spread Betting for its excellent customer service and innovative platform, which supports a wide range of assets and markets. They highlight the firm's focus on personal service and the ability to trade both financial and sports markets, while noting the platform's strong charting options and recent improvements in spreads.
- Across 272 user reviews on Good Money Guide, averaging 4.3/5, customers frequently praise the platform's reliability, efficient customer service, and competitive pricing. Many users appreciate the ease of use and the availability of small-cap stocks, while some mention the effectiveness of the trading tools and the quick execution of trades. However, a few users express a desire for more options in spread betting.
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 Financial Spread Betting across five key areas of our review framework.
- Pricing4.0
- Market Access4.5
- Online Platform4.0
- Customer Service5.0
- Research & Analysis4.5
Pros
- Excellent customer service
- Smaller cap stock spread betting
- Proprietory spread betting platform
Cons
- Limited spread betting on options
See full expert review
Our verdict
Spreadex won our award for “Best Spread Betting Broker” in 2024 and is one of the last spread betting brokers to offer a mixture of financial and sports spread betting, for those who want to trade the FTSE during the week and the Footie on the weekend. I’ve used both services for nearly 20 years and have seen them mature along with the industry.
61% of retail investor accounts lose money when trading CFDs with this provider
What is financial spread betting on Spreadex?
Overall, Spreadex is an excellent spread betting broker for those who want personal service and the ability to speculate on financial as well as sports markets.
Based in St Albans, just outside of London Spreadex offers a simple but innovative spread betting platform for trading a wide range of assets. Spreadex has always focused on customer service, winning business from referrals and maintaining long-term relationships with their clients.
It’s a testament to the business that they build their own technology in-house and are reserved with marketing campaigns.
They offer access to over 10,000 markets and recently Spreadex has reduced spreads across the major assets and still offers access to smaller-cap stocks compared to some of the other providers.
The spread betting platform does have some good charting options, such as adding pro trading tools like WVAP and pro trend lines, as well as the usual obligatory technical indicators like Bollinger Bands and Moving Averages. You can see what percentage of clients are long on watchlists and you can quickly go to a specific time point on a chart.
There is also a wide range of ETFs, ETCs and Trackers to spread bet on for sector speculation, and you also have the option to trade political markets.
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
In this expert review, we test Spreadex with some live trades using real funds and explain if it is a good spread betting platform for those who want to trade with tax-free profits in the UK.
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.
