Spreadex offers two types of spread betting. Financial spread betting, which is betting on the financial markets and sports spread betting, which is buying and selling an outcome in sports.
Spreadex Spread Betting Review
Name: Spreadex Spread Betting
Description: Spreadex 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.
72% of retail investor accounts lose money when trading CFDs with this provider.
Summary
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.
- Spread betting markets available: 10,000
- Minimum deposit: £1
- Account types: CFDs, spread betting
- Equity overnight financing: 3% +/- SONIA
- Pricing: Shares 0.2%, FTSE 1, GBPUSD 0.9
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.
Pros
- Excellent customer service
- Smaller cap stock spread betting
- Proprietory spread betting platform
Cons
- Limited spread betting on options
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Pricing
(4)
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Market Access
(4.5)
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Online Platform
(4)
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Customer Service
(5)
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Research & Analysis
(3.5)
Overall
4.2- Expert opinion: Spreadex reviewed & rated
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 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.
