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
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.
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.
