61% of retail investor accounts lose money when trading CFDs with this provider
- Experts rate Spreadex Forex Trading highly for its focus on tax-efficient forex spread betting, highlighting its excellent customer service and user-friendly platform. The platform features a clear overview of major markets and offers unique functionalities like voice brokerage, which is rare among competitors.
- Across 272 user reviews on Good Money Guide, averaging 4.3/5, customers frequently commend the platform for its reliable customer service, efficient execution of trades, and competitive pricing. Many users appreciate the clear communication and the ease of use of the platform, while some mention the need for a broader range of forex options as a potential area for improvement.
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 Forex Trading across five key areas of our review framework.
- Pricing4.0
- Market Access5.0
- App & Platform4.0
- Customer Service5.0
- Research & Analysis4.0
Pros
- Excellent customer service
- Good range of FX pairs
- Competitive overnight financing rates
Cons
- No DMA forex trading
- Limited FX options
See full expert review
Is Spreadex good for forex trading?
Yes, we rate Spreadex as particularly good for forex spread betting, which is a form of trading where you do not have to pay capital gains tax on your profits.
Spreadex focuses on tax-efficient forex spread betting but has recently added the ability for traders outside of the UK to use their platform by trading Forex CFDs. The platform has recently had a facelift and provides a very clear overview of the major markets, with clear order tickets, with key fx pairs trading info prominently displayed.
One of the key benefits of Spreadex’s forex trading platform, is customer service. They have experienced dealers, that you can quickly get through on the phone, or via the platform’s chat functionality, plus voice brokerage. The ability to trade forex over the phone is something that few brokers offer nowadays, so it’s good to know that you still can, if you need to.
Forex Trading Platform
The desktop version of the forex trading platform is tabular which saves automatically on exit so you can spread it over multiply screens in one browser, window or detach modules to run separately. Spreadex, have built the trading platform in house, and they have some very good charting functionality where it is quick and easy to overlay technical indicators, that other forex brokers do not offer like VWAP.
Usability
It’s a good platform to get started on as you can trade forex from as little as £0.5 a point. One advantage of spread betting on forex is that your P&L will be in £, so you do not have to worry about FX fees on your resulting profit and loss. Spreadex also offers guaranteed stop losses, for added risk management and trailing stops, which move along with your profitable positions. For forex traders, that look at futures levels, you can also work limits with a time limit, so you don’t need to worry about leaving GTC orders open indefinitely.
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
reliable
customer service
Excellent
All ways provides a good service
god prices
keeps me up to date with options and offers.
excellent
tight spreads
Efficient
Clear communication
Consistent, reliable
Swift and easy execution on entering and exiting the market. Clear and concise platform.
Helpful
Great offers and free trading bets
friendly, helpful and very customer oriented
friendly, helpful and very customer oriented. platform toggles between spread betting and sports
Best ever
Everything
excellent
Their range of products is fantastic and they reply quickly to my problems
Stable
Stable platform and reliable for providing a good service.
Efficient
Fast trading platform, Narrow spreads, Fast banking procedure.
Excellent
Easy to use
Great customer service.
Good clear advice.
good
good
Very good
Treading account,
Spreadex is the best for Treading.
Sport trading
I have got a Professional Financial Times subscription from Spreadex
Fair easy app
Good app plenty promotions
Macro awareness
I have got a free Pro Financial Times subscription
excellent online company
100% trusted company.......fast and excellent customer service and payouts.....never 1 issue ever with anything with spreadex.....
Spreadex is particularly good for forex spread betting, which is a form of trading where you do not have to pay capital gains tax on your profits.
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.
