61% of retail investor accounts lose money when trading CFDs with this provider
- Good Money Guide experts commend Spreadex for its user-friendly platform and the ability to trade options as spread bets on major US stocks, although they note limitations in the range of indices and US equity options available. The integration of trading signals from Autochartist is highlighted as a beneficial feature for traders seeking market insights.
- Across 272 user reviews on Good Money Guide, averaging 4.3/5, customers frequently praise the platform's reliability, excellent customer service, and competitive pricing. Many users appreciate the swift execution of trades and the clear communication provided by the support team, while some mention the need for a broader selection of trading options.
Spreadex Options Trading Now Includes US Stocks 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 Options Trading Now Includes US Stocks across five key areas of our review framework.
- Pricing4.0
- Market Access3.5
- Online Platform4.0
- Customer Service4.5
- Research & Analysis4.0
Pros
- Simple to use platform
- UK based
- Options trading via spread bets
Cons
- Limited options on indices
- Limited US equity options
See full expert review
Our verdict
With Spreadex you can trade options as a CFD of spread bet on major US stocks with spreads for UK 100 and Germany 30 start from 4 points with a minimum stake of £2. Whilst you are limited on what you can trade online, Spreadex will let you trade options on the major markets.
61% of retail investor accounts lose money when trading CFDs with this provider
Is Spreadex good for options trading?
Yes, you can trade options with Spreadex, but you are limited to only a few indices and maor US stocks, but profits are tax-free if you trade as a spread bet and commission is built into the spread. If you want to trade options as a spread bet, then you are much better off with IG. Or if you are a more sophisticated trader, Saxo and Interactive Brokers offer DMA on exchange options trading across all asset classes.
I really like Spreadex and I really like options, I much preferred it when you could trade shorter-term options, but the FCA no longer allows retail investors to trade binary options, so you have to take a slightly longer-term view.
It's been a long day testing options trading platforms, and I'm a little tired so when I logged into my Spreadex account after 4 pm with only 10 minutes till the close, I wasn't sure what to trade.
However, thankfully, Spreadex has recently integrated trading signals from Autochartist, which gives you an ever-updating list of trading ideas. These are mainly for going long or short on spread bets, but still give you an idea of where the market may be going.
There was a bearish signal for the FTSE, and whilst I wouldn't normally bet against Britain, the UK markets have been sliding a bit recently from all-time highs. Plus I won £500 from Spreadex on the Cheltenham Gold Cup, so I don't mind having a punt on the markets falling further. I bought some April 8625 Puts which is just below where the market is trading.
If the FTSE goes down, I'll add my winnings to this years Ascot kitty. If the UK market continues to rise, my max loss is £90, but everyone else wins. That's a pretty good hedge by my book, I'd say.
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.....
Spread betting broker Spreadex has launched US equity options trading, giving clients the ability to trade options contracts on some of the world’s most closely watched technology and growth stocks. Until now, Spreadex’s options trading market access was limited to a few key indices.
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.