Yes, the Spreadex trading app is suitable for high-volume traders and for those who want access to a broad range of markets on mobile.
Spreadex Trading App Review
Name: Spreadex Trading App
Description: Spreadex's trading app has access to the same 10,000 markets which you can trade by spread betting or CFDs (no physical investing yet). Pricing is very competitive in the major markets but does get wider the more exotic the product. Spreadex has always been very good at offering access to smaller cap stocks, some of which are also available on the app, as well as the main platform and over the phone.
72% of retail investor accounts lose money when trading CFDs with this provider.
Summary
The Spreadex trading app, as with the main trading platform, offers some of the best customer service and is suited to traders who just require a click-and-trade app and won’t be using it for research or signals.
- 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
The watchlists, highlight, popular market, the risers and fallers, but there is not much in the way of cluttered educational content or analysis. you can view market updates, weekly analysis, and financial trading blogs, but these are just links to webpages from the app.
One good feature I found when testing it though is that you can talk directly to customer support via live chat through the app. This is one area where Spreadex has always excelled as a smaller UK broker, offering good customer service where you can get in touch with someone who knows what they are talking about quickly.
Overall, the app is a good compliment to Spreadex’s service.
Pros
- Good in app customer service
- Smaller cap stock trading
- Wide market range
Cons
- Trading app only, no investing
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Pricing
(4)
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Market Access
(4)
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App & Platform
(4)
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Customer Service
(5)
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Research & Analysis
(4)
Overall
4.2
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.
