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
Good
Good
4/5
5/5
Na
Na
check Sporting Index for way...
check Sporting Index for way forward!
Quick reaction when have probs...
Quick reaction when have probs from online support
Good
Good
Puts customer first
Puts customer first
Wider spreads and good range...
Wider spreads and good range of smaller companies but very contactable
No comment
No comment
have always used IG more...
have always used IG more find the platform easy enough to negotiate
Good
Good
generally good, i didnt like...
generally good, i didnt like it when they didnt answer a question about one of their charges as i lost money as a result
Simple and straight forward
Simple and straight forward
Wide range of trading options...
Wide range of trading options across all markets with clear tools and pricing
Good coverage of spreads
Good coverage of spreads
Fit for purpose
Fit for purpose
Top class
Top class
Easy accessible
Easy accessible
No thoughts
No thoughts
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.
